Is Sandur Manganese and Iron Ores the Best Stock in Its Sector? A Look at the Numbers
- October 16, 2026
- Posted by: Harsh Piplani
- Category: Market
Sandur Manganese and Iron Ores CMP Rs 175 (16 Oct 2026). Market cap Rs 8,517 Cr. ROE 20.18%. P/E 11.85x versus Industry P/E 10.06x.
Quick Answer
Sandur Manganese and Iron Ores is one of the names investors compare when screening the Mining sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Sandur Manganese and Iron Ores the best stock in its sector? The stock trades on the NSE at Rs 175 as of 16 October 2026, within its 52-week range of Rs 170.51 to Rs 273.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Sandur Manganese and Iron Ores
Sandur Manganese and Iron Ores Ltd is a Karnataka based mining company that produces iron ore and manganese ore. Alongside mining, it has moved into value added products such as ferro alloys and into power, which gives it some earnings outside raw ore sales. At a market capitalisation of Rs 8,517 Cr, it is tracked as part of the Mining sector on Univest.
Is Sandur Manganese and Iron Ores the Best Stock in Its Sector?
Sandur Manganese and Iron Ores’ case in the sector rests on returns and a modest absolute P/E, even though the stock trades slightly above its Industry P/E. Sandur Manganese and Iron Ores’ 11.85x P/E is below Gravita India at 28.15x, though above the 10.06x Industry P/E and National Aluminium Company at 8.74x, while its 20.18% ROE is lower than National Aluminium Company at 26.83%, though higher than Gravita India at 15.45%, and its debt to equity ratio of 0.31 is above National Aluminium Company at 0.00 and Gravita India at 0.30.
| Metric | Sandur Manganese and Iron Ores |
|---|---|
| CMP (NSE) | Rs 175.21 |
| 52-Week High / Low | Rs 273.00 / Rs 170.51 |
| Market Cap | Rs 8,517 Cr |
| P/E (TTM) vs Industry P/E | 11.85x vs 10.06x |
| P/B | 2.62 |
| ROE | 20.18% |
| EPS (TTM) | Rs 14.79 |
| Dividend Yield | 0.29% |
| Debt to Equity | 0.31 |
Compare Sandur Manganese and Iron Ores Against Other Mining Sector Stocks
How Sandur Manganese and Iron Ores Compares Against Its Mining Sector Peers
The table below sets Sandur Manganese and Iron Ores against 2 other Mining sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Sandur Manganese and Iron Ores | 8,517 | 11.85 | 20.18% | 0.31 |
| National Aluminium Company | 58,974 | 8.74 | 26.83% | 0.00 |
| Gravita India | 11,025 | 28.15 | 15.45% | 0.30 |
| Peer average (2 companies) | – | 18.45 | 21.14% | 0.15 |
Measured against the peer averages, Sandur Manganese and Iron Ores’ P/E is 36 percent below the 18.45x average, and its ROE is 0.96 percentage points below the 21.14% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Sandur Manganese and Iron Ores Worth Watching in Mining
- Scale: At Rs 8,517 Cr, its market capitalisation is smaller than National Aluminium Company (Rs 58,974 Cr) and Gravita India (Rs 11,025 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Iron ore and manganese prices, along with steel demand and mining volumes allowed under its leases, set the direction of earnings.
- Key risk: The stock sits close to its 52-week low, and commodity prices and mining regulation can change profits quickly.
Sandur Manganese and Iron Ores Valuation: Is It Justified?
At a P/B ratio of 2.62, the market pays about Rs 2.62 for every rupee of book value, and the EPS (TTM) of Rs 14.79 is the earnings base behind the P/E. The stock trades about 36 percent below its 52-week high and about 3 percent above its 52-week low. The dividend yield of 0.29% is a modest income component, so returns depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Sandur Manganese and Iron Ores and other Mining sector stocks.
How to Track Sandur Manganese and Iron Ores Before You Invest
Before deciding whether Sandur Manganese and Iron Ores deserves its label as the best stock in its sector for your own portfolio, compare it directly against Mining sector peers using the steps below.
- Open the Univest Screener and search for Sandur Manganese and Iron Ores to view live price, valuation ratios, and peer comparisons within the Mining sector.
- Compare its P/E, P/B, and ROE against other Mining sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Sandur Manganese and Iron Ores gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Mining depends on how much weight you give each of them and on how the business executes from here. Because the stock trades above its sector benchmark, execution matters more than usual if the current valuation is to hold. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Sandur Manganese and Iron Ores the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Sandur Manganese and Iron Ores has a 20.18% ROE and trades at 11.85x P/E against a 10.06x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 21.14% peer average and its P/E is below the 18.45x peer average. Its debt to equity ratio of 0.31 is above the 0.15 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Sandur Manganese and Iron Ores?
Ans. Sandur Manganese and Iron Ores was trading at Rs 175.21 on the NSE as of 16 October 2026, and its 52-week range runs from Rs 170.51 to Rs 273.00. That leaves the share price 36 percent short of the 52-week high and 3 percent clear of the 52-week low. Its market capitalisation is Rs 8,517 Cr and its EPS (TTM) is Rs 14.79, which is the earnings figure behind the 11.85x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Sandur Manganese and Iron Ores belong to?
Ans. Sandur Manganese and Iron Ores is classified under the Mining sector on Univest, and that group of listed companies is the reference point for the 10.06x Industry P/E used in this article. The 2 named peers compared here are National Aluminium Company and Gravita India, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Mining sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Sandur Manganese and Iron Ores compare to its sector peers on P/E?
Ans. Sandur Manganese and Iron Ores’ P/E of 11.85x is below the 18.45x average of the 2 named peers, with National Aluminium Company at 8.74x and Gravita India at 28.15x. It also sits above the 10.06x Industry P/E, which is the benchmark for the wider Mining sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 2.62 gives one more view of how the market values its book value.
What is Sandur Manganese and Iron Ores’ return on equity?
Ans. Sandur Manganese and Iron Ores reported a return on equity of 20.18%, which is below the 21.14% average of its named peers, with National Aluminium Company at 26.83% and Gravita India at 15.45%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.31 against a peer average of 0.15. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Sandur Manganese and Iron Ores based on its sector position?
Ans. Sector position is only one input into an investment decision. Sandur Manganese and Iron Ores has a 20.18% ROE and a 11.85x P/E, which make it worth researching further, and its dividend yield is 0.29%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
