Sandur Manganese & Iron Share Price

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. The Sandur Manganese & Iron share priceon the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in theSandur Manganese & Ironshare price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

The Sandur Manganese & Iron stock price is influenced by various factors such as production volumes, global commodity prices for manganese and iron ore, domestic demand from steelmakers, and government policies on mining and exports. In the longer run, strategies such as capacity expansion, operational efficiency, and diversification into value-added products like ferroalloys affect stock market sentiments. All these factors must be closely monitored to have an idea about the Sandur Manganese & Iron stock price movements.

Sandur Manganese & Iron share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Sandur Manganese & Iron live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Sandur Manganese & Iron share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Sandur Manganese & Iron Ores Limited Company Fundamentals

a. Company Background

The Sandur Manganese & Iron Ores Limited is an Indian public company engaged in metals and mining, primarily known for its integrated mining and commodities production operations. It was incorporated on 18 January 1954 and located in Bangalore, Karnataka. The company originated as a merchant miner and over nearly seven decades has diversified its core activities to include the extraction and sale of manganese and iron ores, production of ferroalloys (such as silicomanganese and ferromanganese), coke manufacturing, captive power generation and downstream integration into steel products. Its mines in Sandur taluk, Bellary district, are among the largest private-sector manganese ore operations in India and significant iron ore reserves with mechanised extraction processes. The firm also operates coke ovens and captive waste‑heat recovery power units to support its ferroalloy and mining activities. Sandur has expanded its portfolio through asset acquisitions, downstream production facilities, and energy operations, servicing domestic steel, alloy and industrial customers, with limited exports as part of its commercial footprint.

b. Company Product Lines

• Manganese Ore – mining and sale of low phosphorus manganese ore for ferroalloy and steel production.

• Iron Ore – fully mechanised extraction and supply of iron ore for steelmaking and other metallurgical uses.

• Ferroalloys – production of silicomanganese and ferromanganese alloys.

• Coke – coke manufactured from coke oven plants catering to ferroalloy and metallurgical sectors.

• Power – captive generation of power from waste heat recovery boilers (approximately 32 MW capacity).

• Intermediate Steel Products – includes billets, heavy ingots and intermediate steel grades through its steel asset acquisitions.

c. Company Revenue Model

• Commodity Sales: Revenue derived primarily from the sale of manganese and iron ore commodities to domestic steel makers and ferroalloy producers.

• Ferroalloys Sales: Income from production and sale of ferroalloys such as silicomanganese and ferromanganese.

• Coke and Energy: Sale of coke products and by‑product energy from captive power operations.

• Steel Segment Sales: Earnings from steel intermediate products due to acquisition and integration of Arjas Steel and related assets.

• Export Revenues: Incremental export income, particularly for iron ore following regulatory changes enabling overseas shipments.

• Diversification and Ancillary Services: Ancillary revenue from logistics, beneficiation services and captive usage efficiencies reducing input costs.

d. Geographic Presence

• India – Karnataka: Core mining operations (manganese and iron ore) located in Sandur and related mining leases in Bellary and Vijayanagara Districts.

• India – Corporate Offices: Headquartered in Bengaluru, Karnataka with corporate and administrative offices.

• India – Steel and Processing: Expansion through steel manufacturing assets including facilities in Andhra Pradesh and Punjab following strategic acquisitions.

• National Customer Base: Serves steel, alloy, and related industries across India for ore, ferroalloys, coke and power products.

• International Exposure: Limited export presence primarily in iron ore markets outside India, reflecting incremental but growing global outreach.

e. Leadership

Some of the key leaders of Sandur Manganese & Iron Ores Limited as of March 2026 are:

• Bahirji A Ghorpade – Executive Director & Managing Director

• Mohammed Abdul Saleem – Executive Director / Whole‑Time Director / Company Secretary & Compliance Officer

• H L Shah – Independent Non‑Executive Director

• G P Kundargi – Independent Non‑Executive Director

• Latha Pillai – Independent Non‑Executive Director

• T. R. Raghunandan – Chairman (Non‑Executive & Non‑Independent Director)

• Anand Sen – Non‑Executive & Non‑Independent Director

• Neha Thomas – Company Secretary, Compliance Officer

• S Y Ghorpade – Chairman Emeritus

• Mr. Aditya S. Ghorpade – President (Business Development)

• Mr. Uttam Kumar Bhageria – Chief Financial Officer, Chief Risk Officer

f. Key Milestones

• 1954: Company incorporated on 18 January.

• 2014: Began receiving Five‑Star Rating awards from Government of India for mining operations.

• March 2018: Completion of Coke Oven Plant commissioning.

• April 2023: Received environmental clearance for expanded iron ore production capacity.

• September 2023: Listed on the National Stock Exchange of India (NSE).

• April 2024: Strategic acquisition of Arjas Steel Private Limited.

• January 2024: Commenced iron ore exports after regulatory updates permitting shipments.

• Ongoing: Capacity enhancements for manganese and iron ore production, WHRB and energy integration improvements.

g. Industry Perspective

The global mining and metals industry, particularly iron ore and manganese mining, serves as a fundamental backbone of heavy industry and infrastructure development, supplying critical raw materials for steelmaking, alloys, and emerging technology applications. The global manganese mining market was valued at approximately USD 25.54 billion in 2025 and is forecast to grow to about USD 43.21 billion by 2035, representing a CAGR of around 5.4 % from 2026–2035, driven by rising steel demand, expanding industrial use, and increasing specialty applications such as battery and aluminum production.  Steel production absorbs roughly 85–90 % of manganese supply globally, underscoring the tight linkage between steel demand and manganese output.  Meanwhile, the iron ore sector remains one of the world’s largest mining segments, with major producers like Vale generating over 336 million metric tons in 2025, highlighting robust production capacity and demand.  In India, iron ore output is expected to touch around 305 million tons in FY2025–26, while import volumes could rise to 12–14 million tons due to high‑grade ore demand.  Regionally, the mining industry contributes roughly 2.2 %–2.5 % of India’s GDP and about 10–11 % of total industrial GDP through mineral extraction activities.  Commodity prices (e.g., iron ore prices between USD 80–100 per ton) and fuel cost volatility remain key variables affecting sector profitability.  The industry’s future growth outlook is supported by ongoing urbanisation, infrastructure investment and demand from construction, automotive, and clean‑energy sectors, although environmental regulation and market cycles pose ongoing challenges.

Sandur Manganese & Iron Ores Limited Stock Market Presence: Listings & Index Representation

Sandur Manganese & Iron Ores Ltd. was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) following its initial public offering. The company’s stock is actively traded on these premier Indian exchanges under the NSE symbol SANDUMA and the BSE scrip code 504918.

Sandur Manganese & Iron Ores Limited is a well-established entity in the Indian stock market, with its presence in key indices that track small-cap and sectoral performance. Its inclusion in indices such as the Nifty Microcap 250 Index, Nifty Total Market, S&P BSE Energy, S&P BSE MidSmallCap, S&P BSE SmallCap, S&P BSE AllCap, and BSE 1000 underscores the company’s significance in India’s mining and metals sector.

The Sandur Manganese & Iron stock price is closely tracked by both retail and institutional investors. Its inclusion in these indices reflects the company’s market capitalisation, operational scale in mining and ferroalloy production, and its role within the small and mid-cap space. Listing on NSE and BSE ensures liquidity, while its index presence drives visibility and institutional tracking within the metals and mining industry.

Sandur Manganese & Iron Stock Performance and Share Price History

The Sandur Manganese & Iron share price on NSE and BSE reflects its status as a key player in the mining and metals industry. Performance is driven by production volumes, global commodity prices, domestic steel demand, and operational efficiencies. Investors compare the Sandur Manganese & Iron share price today with the Nifty 50 and Sensex to gauge relative performance against the broader market, and with its sector and industry peers to assess its standing within the metals space.

These underlying factors are often visible through real market movements across different periods. For instance, in the last year, the Sandur Manganese & Iron share price has returned 20.71%, outperforming the Nifty 50 and Sensex which saw negative returns of -1.49% and -3.48% respectively. Similar trends are observed during earnings-driven movements. Broader sector strength, which posted a 27.5% return over the same period, has also played a role in supporting the Sandur Manganese & Iron share price. In addition to operational and sector-led factors, corporate actions can also have a significant impact on Sandur Manganese & Iron share price movements in the short term. This shows how market sentiment around production updates and global price trends can trigger short-term swings, even within a regulated mining framework influenced by environmental and export policies.

While short-term movements reflect events and announcements, longer-term valuation trends are visible through the Sandur Manganese & Iron share price 52-week high and low. The stock’s 52-week high stands at ₹273.00, while its 52-week low is ₹125.77. Highs indicate strong demand and favourable pricing for its minerals, while lows align with market corrections or sector volatility. These levels capture the impacts of global economic cycles, production growth expectations, and earnings visibility, providing context for the stock’s historical performance.

Sandur Manganese & Iron’s stock performance reflects the trading behaviour of a company operating within India’s regulated mining sector. The company’s diversified product portfolio of manganese, iron ore, and ferroalloys has shaped its Sandur Manganese & Iron share price history. Over time, the stock has shown long-term wealth creation, marked by periods of sharp gains and phases of consolidation.

The period following 2021 witnessed strong growth, driven by a surge in commodity prices and rising investor confidence. The Sandur Manganese & Iron stock price experienced high volatility with a sharp correction in the first quarter of 2026, falling by -25.73%. This was preceded by a period of strong returns, including an 82.63% gain in 2023 and a 76.46% gain in 2025. The stock’s performance over time has closely followed the cycles in the metals and mining industry.

For instance, the Sandur Manganese & Iron share price reached a recent high of ₹273.00, supported by strong investor confidence and stable global demand for steel-making raw materials. Over longer investment horizons, the stock has delivered meaningful returns, including gains of around 101% over three years and 101% over five years. These returns highlight consistent growth aligned with industrial expansion and infrastructure development across the Indian economy. Despite the pandemic-related disruptions in 2020-2021, Sandur Manganese & Iron shares remained resilient, with the company’s strategic location and operational continuity helping the stock retain value. However, a significant 25% drop in the most recent quarter was influenced by a broader market correction and a decline in commodity prices, impacting the company’s revenue visibility in the near term.

Sandur Manganese & Iron Investor Relevance and Role in Portfolio

Sandur Manganese & Iron is a notable holding in small-cap and sector-specific portfolios, offering exposure to the mining and metals industry, particularly in manganese and iron ore. Its inclusion in indices like the Nifty Microcap 250 and S&P BSE SmallCap underscores its economic and strategic importance within the Indian resource sector. Operational scale, mineral reserves, and regulatory compliance make it a distinct choice for allocations focused on the commodities cycle.

Sandur Manganese & Iron equity is held by a broad mix of domestic and international institutional investors, reflecting its prominence in India’s mining and metals sector. Top institutional stakeholders include Skand Private Limited, Lohagiri Industrials Pvt Ltd, BlackRock, Inc., BNY Asset Management, State Street Global Advisors, Inc., Motilal Oswal Asset Management Company Limited, Dimensional Fund Advisors LP, the Investor Education and Protection Fund (IEPF), Teachers Insurance and Annuity Association-College Retirement Equities Fund, and American Century Investment Management Inc.

Prominent mutual fund holders include WisdomTree Trust’s India Earnings Fund, Motilal Oswal Mutual Fund’s Nifty Microcap 250 Index Fund, iShares Public Limited Company’s iShares Core MSCI EM IMI UCITS ETF, iShares Trust’s iShares MSCI India Small-Cap ETF, SPDR Index Shares Funds’ Portfolio Emerging Markets ETF, iShares, Inc.’s MSCI Global Metals & Mining Producers ETF, SPDR Index Shares Funds’ S&P Emerging Markets Small Cap ETF, DFA Investment Dimensions Group’s Emerging Markets Core Equity 2 Portfolio, College Retirement Equities Fund’s CREF Total Global Stock Account, and iShares IV Public Limited Company’s iShares MSCI EM. This broad investor base underscores the company’s role as a significant holding in both domestic and global portfolios focused on small-cap and resource-based equities.

Beyond fundamentals and ownership, Sandur Manganese & Iron’s stock is actively monitored for its volatility characteristics. The company’s beta, a measure of its price volatility relative to the market, is a key indicator for investors. For instance, the Sandur Manganese & Iron stock price shows a daily beta of 1.57 over a one-month range and 1.99 over a three-month range. On a weekly basis, the beta over a one-year range is 2.45, indicating higher volatility compared to the broader market. The two-year weekly beta is 1.87, while the two-week and monthly betas for the same period are 1.78 and 1.92 respectively. These figures suggest that the Sandur Manganese & Iron stock price tends to experience larger price swings than the market average, reflecting the cyclical nature of the commodities sector.

Sandur Manganese & Iron Sectoral Relevance and Peer Positioning

Sandur Manganese & Iron’s sector relevance stems from its integrated operations in mining and ferroalloy production, establishing it as a key mid-sized player supporting India’s metals and mining ecosystem. Peer comparisons with companies like MOIL, NMDC, Tata Steel, JSW Steel, and Vedanta focus on production volumes, mineral reserves, operational costs, and value-added product capacity rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of commodity prices, domestic steel demand, and export policies further highlights Sandur Manganese & Iron’s positioning within India’s broader industrial sector. The Sandur Manganese & Iron share price is often compared with these peers to gauge relative strength and operational efficiency.

Sandur Manganese & Iron’s market cap has shown significant growth over the years, reflecting its evolving scale. As of March 24, 2026, the market cap stands at ₹85.99 billion, a decrease of -27.16% from the previous year-end. In contrast, December 31, 2025, recorded a market cap of ₹118.05 billion, a 76.36% increase from 2024. The market cap was ₹66.94 billion on December 31, 2024, down -14.73% from ₹78.50 billion on December 29, 2023. The year 2023 saw a substantial 257.19% rise from ₹21.98 billion at the end of 2022. This trajectory from ₹22.30 billion in 2021 to its current size highlights the company’s growth and cyclical nature, influenced by commodity price cycles and operational expansions.

Sandur Manganese & Iron earnings, as measured by operating revenue, have been volatile, mirroring the commodity cycles. For the period ending December 31, 2025, operating revenue was ₹48,983 million, a significant increase from ₹31,351 million in FY 2025, reflecting a growth of over 100% year-on-year. This growth contrasts with FY 2024, where revenue was ₹12,521 million, a decline from ₹21,258 million in FY 2023. The revenue further declined to ₹22,487 million in FY 2022 from the previous year, while FY 2021 saw a sharp increase to ₹7,466 million. This pattern of revenue growth of 107% and 150% in recent periods, followed by declines of -41% and -5%, illustrates the strong correlation between the company’s top line and the broader economic and commodity market conditions.

Sandur Manganese & Iron EPS (Earnings Per Share) has fluctuated over the past five years, reflecting the cyclicality of its business. As of March 2025, the adjusted EPS stood at ₹14.78, a decrease of -11.55% from the previous year. In March 2024, EPS was ₹16.71, which was a significant increase from ₹9.36 reported in March 2023. This was followed by a higher EPS of ₹7.06 in March 2019, which itself was a substantial rise from ₹3.83 in March 2018. The latest EPS figure of ₹14.78 demonstrates the company’s strong earnings capability, though it also highlights the year-on-year variability inherent in the mining and metals sector due to price and demand fluctuations.

Sandur Manganese & Iron P/E (Price-to-Earnings) ratio reflects how the market values its earnings in the context of the cyclical metals industry. The current P/E ratio stands at 14.89, a slight decrease from 15.15 in March 2025. This is a notable shift from the higher valuation of 24.52 seen in March 2024, which itself was a significant increase from the 10.25 recorded in March 2023. The P/E ratio was even lower in previous years, at 4.71 in March 2022 and 5.92 in March 2021. The movement of the P/E ratio between the mid-teens and low-to-mid-twenties over recent years shows how investor expectations adjust with earnings cycles, production outlooks, and global metal price forecasts.

Summary

Sandur Manganese & Iron Ores Ltd. is a key entity in India’s mining and metals sector, with its performance linked to commodity cycles, production efficiency, and domestic demand. The Sandur Manganese & Iron share price reflects these dynamics, showing periods of strong growth alongside phases of correction. Its presence in major small-cap indices and a diversified base of institutional holders underscores its role within the broader industrial landscape.