en.Wedoany.com Reported - Shyam Metalics achieved steady growth in its stainless steel business during Fiscal Year 2026 (FY26), with both sales volume and average selling price increasing. The company's stainless steel sales volume for FY26 rose 11.5% year-on-year to 94,102 tons, compared to 84,404 tons in FY25; the average selling price increased 6.7% year-on-year to INR 140,443/ton, reflecting a strengthening pricing trend and improved product mix.

The growth momentum was more pronounced in the fourth quarter (Q4 FY26): stainless steel sales volume reached 27,287 tons, a quarter-on-quarter increase of 22.5% (Q3 was 22,282 tons); the average selling price rose 4.9% quarter-on-quarter to INR 149,034/ton, indicating that finished steel prices remained firm against the backdrop of continued raw material price volatility. Monthly shipments surged significantly to 10,519 tons in March 2026, up from 6,619 tons in March 2025 and 8,286 tons in February 2026, with an average selling price of INR 152,633/ton for the month, representing a 19% year-on-year increase and a slight 0.6% month-on-month decline.

Financially, the company's consolidated revenue for FY26 was approximately INR 160 billion, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) maintained at a healthy level of around INR 18 billion, primarily benefiting from wider steel spreads, increased contribution from stainless steel, and improved operational efficiency. The company's management expects total stainless steel capacity to increase significantly from the current 0.27 million tons/year to 1.6 million tons/year by FY29 after expansion, representing a 493% increase; finished stainless steel sales volume is projected to grow from 90,000 tons in FY26 to 610,000 tons in FY29, driven by strong growth in flat products, high-value-added applications, and downstream integrated operations at the Odisha plant. Furthermore, the company is strengthening its downstream stainless steel business through planned investments in Sambalpur, including the construction of cold rolling, annealing, and pickling facilities to enhance high-value-added stainless steel capacity.

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