Sharvaya Metals - Sharvaya Metals

📊 BSE: 544506 🏢 Aluminium, Copper & Zinc Products 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single business segment: manufacturing of aluminum products. Revenue from operations for H1 FY26 reached INR 89.97 Cr, representing a significant growth of 117.7% compared to INR 41.31 Cr in H1 FY25.

Geographic Revenue Split

Not disclosed in available documents. The company's registered office and factory are located in Ahmednagar, Maharashtra.

Profitability Margins

Profitability showed substantial improvement; Net Profit Margin for H1 FY26 was 10.43% (INR 9.39 Cr PAT on INR 89.97 Cr revenue), compared to a low PAT margin of 1.40% (INR 1.00 Cr) in FY24.

EBITDA Margin

EBITDA margin for H1 FY26 was approximately 15.7% (INR 14.17 Cr), a sharp increase from the 5.09% PBILDT margin reported in FY24.

Capital Expenditure

Historical capital expenditure for H1 FY26 was INR 1.14 Cr for the purchase of tangible assets, following a larger expenditure of INR 4.25 Cr in FY25.

Credit Rating & Borrowing

The credit rating was CARE B-; Stable; ISSUER NOT COOPERATING, which was reaffirmed and subsequently withdrawn in October 2024. Implied borrowing costs are approximately 11% based on H1 FY26 finance costs of INR 0.88 Cr against total debt of ~INR 16.23 Cr.

⚙️ Operational Drivers

Raw Materials

Aluminum scrap is the primary raw material, accounting for approximately 93% of the total cost of sales in FY24.

Key Suppliers

Not disclosed in available documents, though the company maintains established relationships with various industry suppliers.

Raw Material Costs

Cost of material consumed in H1 FY26 was INR 80.38 Cr, representing 89.3% of revenue. The company employs a strategy of passing on raw material price increases to clients to mitigate volatility.

Logistics & Distribution

Not disclosed in available documents; however, other expenses (including distribution) were INR 2.91 Cr in H1 FY26, or 3.2% of revenue.

📈 Strategic Growth

Expected Growth Rate

25-30%

Growth Strategy

Growth is driven by the company's recent listing on the BSE SME platform (September 2025), which infused significant capital (Cash and equivalents jumped to INR 37.39 Cr). The strategy focuses on expanding the manufacturing of high-precision aluminum components for the Electric Vehicle (EV) market and leveraging experienced promoters to deepen relationships with utensil brands.

Products & Services

Aluminum Alloyed Ingots, Aluminum circles, Aluminum Billets, Aluminum Sheets, and high-precision Aluminum components for Electric Vehicles.

Brand Portfolio

Sharvaya Metals.

New Products/Services

High-precision aluminum components specifically designed for Electric Vehicles (EVs).

Market Expansion

The company transitioned to a public limited company in February 2024 and listed on the BSE SME platform in September 2025 to fund its next phase of growth.

Market Share & Ranking

Not disclosed in available documents; industry is described as highly competitive and fragmented.

Strategic Alliances

Established relationships with reputed utensil brands and various suppliers in the aluminum industry.

🌍 External Factors

Industry Trends

The industry is shifting toward lightweight materials, benefiting aluminum manufacturers. The rapid growth of the EV sector is a primary driver for high-precision aluminum components.

Competitive Landscape

Intense competition from both organized and unorganized domestic and global players in the aluminum products sector.

Competitive Moat

The moat is based on the promoters' decade-long experience and the company's early entry into the specialized EV component supply chain, which provides a competitive edge over unorganized players.