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Employees: 2,716
Size Sandur Manganese & Iron Ores (SANDUMA.NS) is an India Materials company (Other Metals/Minerals) with a market value of $914M, the 623rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹177.73 on 6 Nov 2026.
Performance Over six months the shares fell 18.1%, against -15.1% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 20.7% over the last twelve months (peer median +48.6%); the operating margin is 20.5% (peer median 5.3%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 2.4× (7th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +47%, so the hurdle is -33 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points above its cost of capital (20.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹56.0B | ₹50.9B | ₹31.3B | ₹12.5B | ₹21.3B |
| Revenue growth | — | +63% | +150% | -41% | — |
| Gross profit | ₹27.3B | ₹13.7B | ₹9.01B | ₹4.51B | ₹6.53B |
| EBITDA | ₹13.6B | ₹12.2B | ₹8.06B | ₹3.36B | ₹4.31B |
| Net income | ₹8.39B | ₹6.57B | ₹4.70B | ₹2.39B | ₹2.71B |
| Free cash flow | n/a | ₹8.14B | ₹6.83B | ₹931M | -₹405M |
| Capital expenditure | n/a | ₹1.55B | ₹875M | ₹1.03B | ₹1.87B |
| Total debt | ₹9.04B | ₹9.99B | ₹18.9B | ₹1.33B | ₹2.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SANDUMA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | -17.2% | 4th highest of 21 |
| 6-month return | -18.1% | -15.1% | 9th lowest of 20 |
| Distance from 52-week high | -34.9% | -44.5% | 7th highest of 21 |
| Revenue growth (TTM) | +20.7% | +48.6% | 6th lowest of 17 |
| Operating margin | 20.5% | 5.3% | 7th highest of 18 |
| EV / Sales | 1.6× | 2.4× | 7th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 13.8% | -1.0% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +46.8% | +9.5% | highest of 9 |
| Hurdle (Req g minus delivered) | -33.0 pp | -11.2 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +0.1 pp | -1.4 pp | 9th highest of 18 |
| EV / EBITDA | 6.7× | 7.5× | 5th cheapest of 10 |
| Net debt / EBITDA | 0.4× | 0.2× | 5th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sandur Manganese & Iron Ores SANDUMA.NS | India | $914M | -18% | +21% | 20% | 1.6× | 13.8% | +46.8% |
| Osisko Metals OM.TO | Canada | $911M | -16% | n/a | n/a | n/a | n/a | n/a |
| Amerigo Resources ARG.TO | Canada | $910M | +24% | +54% | 41% | 2.8× | 3.8% | +13.4% |
| Changsha Dialine New Material Sci.&Tech 300700.SZ | China | $903M | -13% | +14% | -23% | 13.7× | n/a | n/a |
| Metals X MLX.AX | Australia | $934M | -11% | +26% | 53% | 2.9× | -10.3% | +31.2% |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | 3.8× | n/a | n/a |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 0.8× | 0.2% | +13.0% |
| Talon Metals TLO.TO | Canada | $839M | +3% | n/a | 3% | 8.3× | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| Luyang Energy-Saving Materials 002088.SZ | China | $837M | +12% | -21% | 1% | 2.4× | 20.8% | +1.3% |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| IMC Rare Earths IMC | United States | $824M | n/a | n/a | n/a | n/a | n/a | n/a |
| Jinzhou Yongshan Lithium 603399.SS | China | $821M | -45% | +50% | 2% | 0.8× | n/a | n/a |
| Develop Global DVP.AX | Australia | $801M | -43% | +68% | 4% | 3.0× | n/a | n/a |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 5.6× | n/a | n/a |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 0.9× | n/a | n/a |
| Jiangyin Electrical Alloy 300697.SZ | China | $791M | -24% | +54% | 5% | 1.3× | n/a | n/a |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | 0.8× | -15.0% | +1.1% |
| GRIPM Advanced Materials 688456.SS | China | $780M | -24% | +34% | 2% | 1.1× | n/a | n/a |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | 11.8× | 32.8% | +6.0% |
| Imperial Metals III.TO | Canada | $759M | -2% | +5% | 32% | 1.8× | -7.6% | +36.1% |