Shyam Metalics & Energy Limited is a leading integrated steel producer in India, particularly notable for its ferro alloys and TMT products. With strategic acquisitions and internal expansions, the company is diversifying its product portfolio, focusing on stainless steel, aluminum foil, and value-added steel products.

Recent massive capacity expansions are underway, including a cold rolling mill project and a significant increase in aluminum foil production capacity, demonstrating a drive for growth in high-margin segments.

The company's financial performance in H1 FY26 shows strong growth with a revenue increase of 22.5% YoY, supported by capex-driven capacity enhancements and a focus on value-added products.

SMEL has sustained a cash-positive position, with revenue growth in high-value segments accounting for 28.5% of total revenue in H1 FY26, aiding its robust balance sheet and financial flexibility.

By leveraging internal accruals for capex and maintaining low leverage, SMEL has enhanced its credit profile, achieving a CRISIL AA+ rating, evidencing strong capital management and operational resilience.