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The Sandur Manganese & Iron Ores Limited (SANDUMA) Fair Value & Analysis

Basic Materials · IN · Market cap ₹102B

TS The Sandur Manganese & Iron Ores Limited SANDUMA · NSE
Price₹209.73
Fair Value₹229.64
Upside+9.5%
Quality52/100
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Evidence: High Range ₹167.82 – ₹687.39

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −7.6% over the past month.

Price vs Fair Value (12 months)

₹264.71 ₹142.11 Fair Value ₹229.64 Jul 2025 Jul 2026

12‑month range ₹142.11 – ₹264.71 · fair‑value band ₹167.82 – ₹687.39 · the ₹209.73 price screens below the ₹229.64 fair value. As of Jul 3, 2026.

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Analysis

The Sandur Manganese & Iron Ores Limited (SANDUMA) currently trades at ₹209.73, while our model-based Fair Value estimate is ₹229.64 — implying the stock looks roughly 9.5% undervalued today. We read business quality at 52/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, The Sandur Manganese & Iron Ores Limited generated revenue of ₹50.9B at a net margin of 12.9%. Revenue grew 14.3% year over year. It earns a return on equity of 22.3%. Net debt stands at ₹9.1B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹50.9B
Revenue growth (YoY) +14.3%
Net margin 12.9%
Return on equity 22.3%
Free cash flow ₹8.1B FY2025
P/E ratio 15.5
More key figures
Operating margin 22.0%
EPS (TTM) ₹13.50
Dividend yield 0.2%
EPS growth (YoY) +50.9%
Net debt ₹9.1B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

The Sandur Manganese & Iron Ores Limited, together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka. It operates through three segments: Mining, Ferroalloys, and Coke and Energy. The company also manufactures and sells ferroalloys and coke. In addition, it generates power through a 32-megawatt thermal power plant. The company serves steel manufacturers and ferroalloy producers. It also exports its products. The company was incorporated in 1954 and is based in Bengaluru, India. The Sandur Manganese & Iron Ores Limited is a subsidiary of Skand Private Limited.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Sandur Manganese & Iron Ores Limited reported revenue of ₹50.9B in FY2025 versus ₹22.5B in FY2021, a compound +22.6%/yr. Reported net income was ₹6.6B in FY2025, compounding −0.7%/yr from FY2021.

Revenue +22.6%/yr
FY21 ₹22.5B
FY22 ₹21.3B
FY23 ₹12.4B
FY24 ₹31.4B
FY25 ₹50.9B
Net income −0.7%/yr
FY21 ₹6.8B
FY22 ₹2.7B
FY23 ₹2.4B
FY24 ₹4.7B
FY25 ₹6.6B

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6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Frequently asked questions

Is The Sandur Manganese & Iron Ores Limited (SANDUMA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹229.64 versus a price of ₹209.73 — about +9% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SANDUMA?
Our model-based fair value for The Sandur Manganese & Iron Ores Limited is ₹229.64 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹209.73.
What is the quality score of SANDUMA?
The Sandur Manganese & Iron Ores Limited has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Sandur Manganese & Iron Ores Limited (SANDUMA)?
The Sandur Manganese & Iron Ores Limited reported trailing-twelve-month revenue of about ₹50.9B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of SANDUMA?
The net profit margin of The Sandur Manganese & Iron Ores Limited is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does The Sandur Manganese & Iron Ores Limited pay a dividend?
The Sandur Manganese & Iron Ores Limited currently shows a dividend yield of about 0.24% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.