Market Cap: ₹7,794 Cr
Sector: Metals & Mining – Manganese & Iron Ore
Sandur Manganese & Iron Ores Ltd (SMIORE) is a vertically integrated mining company engaged in manganese and iron ore production. With operations rooted in Karnataka and a legacy since 1954, the company continues to benefit from commodity demand and disciplined capital management.
🔍 Fundamental Snapshot
In FY24, Sandur reported revenue of ₹1,252 Cr and net profit of ₹239 Cr, resulting in a solid net margin of 19.06%. EPS stands at ₹29.00, while return ratios remain healthy – ROE at 11.03% and ROCE at 14.97%.
The company maintains a conservative financial structure with a debt-to-equity ratio of 0.54 and a strong current ratio of 4.34. It also rewards shareholders with a dividend yield of 1.31%.
Though not a high-growth play, Sandur’s consistent cash flows, low debt, and operational leverage in a cyclical sector make it a solid bet for long-term value seekers.
📈 Technical Analysis – Early Reversal from 200 EMA
The stock recently reversed sharply from the 200 EMA and daily demand zone between ₹443.65 and ₹455, suggesting strong support and accumulation interest. The current close of ₹483.50 marks a reclaim of the key moving average and signals potential trend change.
🔧 Key Technical Levels:
A move above ₹514.15 will confirm a breakout and may trigger momentum towards the ₹628–₹742 zone.
✅ Summary
Traders and long-term investors can watch for momentum confirmation or dips toward support for strategic entry.
Disclaimer: lnkd.in/gJJDnvn2
Sector: Metals & Mining – Manganese & Iron Ore
Sandur Manganese & Iron Ores Ltd (SMIORE) is a vertically integrated mining company engaged in manganese and iron ore production. With operations rooted in Karnataka and a legacy since 1954, the company continues to benefit from commodity demand and disciplined capital management.
🔍 Fundamental Snapshot
In FY24, Sandur reported revenue of ₹1,252 Cr and net profit of ₹239 Cr, resulting in a solid net margin of 19.06%. EPS stands at ₹29.00, while return ratios remain healthy – ROE at 11.03% and ROCE at 14.97%.
The company maintains a conservative financial structure with a debt-to-equity ratio of 0.54 and a strong current ratio of 4.34. It also rewards shareholders with a dividend yield of 1.31%.
Though not a high-growth play, Sandur’s consistent cash flows, low debt, and operational leverage in a cyclical sector make it a solid bet for long-term value seekers.
📈 Technical Analysis – Early Reversal from 200 EMA
The stock recently reversed sharply from the 200 EMA and daily demand zone between ₹443.65 and ₹455, suggesting strong support and accumulation interest. The current close of ₹483.50 marks a reclaim of the key moving average and signals potential trend change.
🔧 Key Technical Levels:
- Reversal Zone (Support): ₹443.65 – ₹455
- Breakout Level: ₹514.15
- Resistance 1 (R1): ₹628.25 – Weekly Supply Zone
- Resistance 2 (R2): ₹742.35 – Long-term Target
- Near-Term Structure: Price may retest ₹514 before trending upward in a higher-high, higher-low sequence.
A move above ₹514.15 will confirm a breakout and may trigger momentum towards the ₹628–₹742 zone.
✅ Summary
- Sandur Manganese offers a compelling techno-fundamental setup:
- Debt-light and cash-flow rich
- Strong reversal from technical support
- Breakout above ₹514 could open up ₹628 and ₹742 as next targets
- Ideal zone to track for re-entry: ₹455–₹470 range
Traders and long-term investors can watch for momentum confirmation or dips toward support for strategic entry.
Disclaimer: lnkd.in/gJJDnvn2
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