
Sarda Energy and Minerals vs Rashtriya Ispat Nigam: Share Price, PE, ROE Compared
Sarda Energy and Minerals MCap Rs 17,651 Cr, PE 15.34x, ROE 15.00%. Rashtriya Ispat Nigam (RINL/Vizag Steel) MCap approx Rs 4,000-6,000 Cr (data approximate, distressed PSU).
Updated: 12 Aug 2026 • 4:28 pm
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Sarda Energy and Minerals vs Rashtriya Ispat Nigam (RINL) is a comparison integrated steel investors look up when evaluating two listed Indian steel companies with very different profiles. Sarda Energy and Minerals, a Raipur-based company, is an integrated steel company with iron ore mines, sponge iron, steel bars, ferro alloys and captive power plants in Chhattisgarh. Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, is a Visakhapatnam-based Government of India enterprise – India's first shore-based integrated steel plant with its own blast furnace operations. The Sarda versus RINL comparison covers a profitable private integrated steel company versus a distressed government steel PSU.
This Sarda Energy and Minerals vs Rashtriya Ispat Nigam article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this Sarda Energy and Minerals vs Rashtriya Ispat Nigam comparison, Sarda Energy and Minerals mines iron ore, makes sponge iron, billets, bars, ferro alloys and generates captive power in Chhattisgarh. Market capitalisation is Rs 17,651 Cr.
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RINL operates a large blast furnace-based integrated steel plant (7.3 MTPA capacity) in Visakhapatnam producing hot metal, billets, wire rods and TMT bars. Market capitalisation is approximately Rs 4,000-6,000 Cr.
Key Products and Business Mix
For the Sarda Energy and Minerals vs Rashtriya Ispat Nigam product breakdown, Sarda Energy and Minerals: Sarda earns from iron ore, sponge iron, steel bars and ferro alloy sales. EPS is Rs 32.66. PE is 15.34x, ROE 15.00 percent, D/E 0.36.
Rashtriya Ispat Nigam: RINL earns from steel production. Data is approximate – RINL has faced significant financial stress and government discussions on privatisation. Verify current financials from exchange filings.
Latest Results and Financial Data
On the Sarda Energy and Minerals vs Rashtriya Ispat Nigam results front: Sarda Energy has a market cap of Rs 17,651 Cr and PE of 15.34x. ROE is 15.00 percent. Sarda is a profitable private integrated steel company.
RINL has a market cap of approximately Rs 4,000-6,000 Cr. RINL has faced significant financial stress and discussions about its privatisation by the Indian government. Investors must verify current financial health carefully.
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Stock Performance and Valuation
Investors tracking the Sarda Energy and Minerals vs Rashtriya Ispat Nigam comparison should verify current prices on NSE or BSE before trading. The Sarda Energy and Minerals vs Rashtriya Ispat Nigam stock data below reflects the latest available figures from Groww and public company filings.
Sarda Energy versus RINL: Sarda (PE 15.34x, ROE 15.00%, profitable) vs RINL (distressed PSU, verify from filings). The Sarda and RINL comparison shows the contrast between a well-run private steel company and a financially challenged PSU.
Sarda Energy and Minerals vs Rashtriya Ispat Nigam: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | Sarda Energy and Minerals | Rashtriya Ispat Nigam |
|---|---|---|
| Sector | Integrated steel: iron ore + sponge iron + bars + ferro alloys (private, Chhattisgarh) | Integrated blast furnace steel: hot metal + billets + bars (PSU, Vizag, distressed) |
| Market Cap | Rs 17,651 Cr | Approx Rs 4,000-6,000 Cr |
| P/E Ratio | 15.34x | Approx (verify – may be distorted) |
| ROE | 15.00% | Under stress (verify from filings) |
| Ownership | Private promoter (Sarda family) | Government of India (PSU) |
| Financial Health | Profitable and stable | Financially stressed, privatisation discussed |
| Dividend Yield | 0.40% | Verify from filings |
Conclusion
The Sarda Energy and Minerals vs Rashtriya Ispat Nigam comparison above covers reach, products, results and valuation. Sarda Energy versus Rashtriya Ispat Nigam (RINL) covers a profitable private integrated steel company versus a financially distressed government steel PSU. Sarda has a clear earnings track record (PE 15.34x, ROE 15.00%). RINL has faced severe financial stress. The Sarda and RINL comparison is heavily asymmetric on financial quality. Investors must verify RINL's current status from exchange filings. Consult a SEBI-registered advisor before investing in financially distressed companies.
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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).
Frequently Asked Questions
What does Sarda Energy and Minerals make?
Ans. Sarda Energy mines iron ore, makes sponge iron (DRI), steel billets and bars, ferro alloys and generates captive power from its integrated facilities in Chhattisgarh.
What is RINL (Rashtriya Ispat Nigam)?
Ans. RINL, also called Vizag Steel or Steel Plant Vizag, is a Government of India enterprise operating a large shore-based integrated steel plant in Visakhapatnam (Vizag), Andhra Pradesh.
What is shore-based steel plant?
Ans. A shore-based steel plant is located near a port to receive imported iron ore by sea – unlike inland plants that use domestic iron ore. RINL imports iron ore as it lacks captive iron ore mines.
Is RINL profitable?
Ans. RINL has faced significant financial stress in recent years. Investors should verify the current financial status from latest exchange filings.
Which is larger, Sarda or RINL?
Ans. Sarda Energy at Rs 17,651 Cr is approximately 3-4 times larger than RINL at approximately Rs 4,000-6,000 Cr by market cap.
What is privatisation of RINL?
Ans. The Government of India has discussed privatising RINL (divesting its stake) as part of broader PSU disinvestment. This creates investor uncertainty around RINL's future ownership.
Are Sarda and RINL in Nifty 50?
Ans. Neither is in Nifty 50.
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