Sandurgroup

Bengaluru, India Founded: 1838 • Age: 188 yrs Listed
Iron ore mining services and ferroalloys are provided by Sandurgroup.

About Sandurgroup

Sandurgroup is a publicly listed company based in Bengaluru (India) founded in 1838. Iron ore mining services and ferroalloys are provided by Sandurgroup. The company has 2,730 employees. Sandurgroup has completed 1 acquisition, including Arjas. Its chief executive, as recorded, is Bahirji Ajai Ghorpade. Its website sandurgroup.com draws about 23 thousand monthly visits. Its Indian entity The Sandur Manganese And Iron Ores Limited reported revenue of β‚Ή5,166 Cr. Sandurgroup offers products and services including Manganese Ore and Iron Ore. Its focus areas include Mining, Mining Companies, Metals and Base Metals.

Company details

Sandurgroup was founded in 1838 and is based in Bengaluru, India. Iron ore mining services are offered within the metals and mining sector. Manganese ore, ferromanganese, silicomanganese, coke, and power generation are also produced. Ferroalloy production is included among the operations, with activities centered on resource extraction and processing in the region.

  • Headquarters Bengaluru, India
  • Employees 2,730
  • Stage Public
  • Sectors
    Natural Resources
  • Email
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  • Phone
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  • Website sandurgroup.com
  • Legal Name Sandur Manganese & Iron Ores Ltd
Operational Areas
Key Metrics
  • Market Cap
    ₹8,711 Cr

    SANDUMA · NSE

  • Share Price
    ₹176.78

    -1.35% today

  • Revenue
    ₹5,088 Cr

    FY 2025-26 · +62.3% YoY

  • EBITDA
    ₹1,174 Cr

    Margin 23.1%

  • Net Profit
    ₹676 Cr

    FY 2025-26 · +57.7% YoY

  • P/E (TTM)
    10.1x

    P/B 2.3x

  • ROE
    22.5%

    ROCE 23.5%

  • Debt / Equity
    0.49

    Interest cover 22.1x

  • Employee Count
    2,730
  • Investments & Acquisitions

Products & Services of Sandurgroup

Sandurgroup offers a comprehensive portfolio of products and services, including Manganese Ore and Iron Ore.

Manganese Ore
Mining Products

Manganese ore is extracted and supplied for use in ferroalloy and steel production

Iron Ore
Mining Products

Iron ore is mined and provided as a key ingredient for steel manufacturing

Board of directors of The Sandur Manganese And Iron Ores Limited (Sandurgroup)

The Sandur Manganese And Iron Ores Limited is the primary company behind Sandurgroup. The board of The Sandur Manganese And Iron Ores Limited currently have 7 directors; the longest-serving is Raghunandan Raghavan Thoniparambil, appointed in 2016. 39 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Raghunandan Raghavan Thoniparambil
DIN 03637265
Director28 May 201610 yrs 5 moThe Sandur Manganese And Iron Ores Limited
Gururaj Pandurang Kundargi
DIN 02256516
Director12 Nov 20169 yrs 11 moThe Sandur Manganese And Iron Ores Limited
Latha Pillai
DIN 08378473
Director08 Mar 20197 yrs 8 moThe Sandur Manganese And Iron Ores Limited
Hemendra Laxmidas Shah
DIN 00996888
Director27 May 20197 yrs 5 moThe Sandur Manganese And Iron Ores Limited
Bahirji Ajay Ghorpade
DIN 08452844
Managing Director01 Apr 20206 yrs 7 moThe Sandur Manganese And Iron Ores Limited
Anand Sen
DIN 00237914
Director15 May 20242 yrs 5 moThe Sandur Manganese And Iron Ores Limited
Mohammed Abdul Saleem
DIN 00061497
Director05 Aug 20242 yrs 3 moThe Sandur Manganese And Iron Ores Limited

People of Sandurgroup

1 people are tracked at Sandurgroup (1 in leadership); the tracked headcount is 2,730.

NameRoleGroup
CEO & MDLeadership
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IPO & Listings of Sandurgroup

Sandurgroup is a publicly listed company on the NSE with ticker symbol SANDUMA in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date07 Sep 2023
  • Listed onNSE: SANDUMA
  • Listed entitySandur Manganese & Iron Ores Ltd
  • Exchange sectorNon-energy minerals
  • ISININE149K01016
  • Share price₹177.88 (-0.38% on the day) · 2026-10-14
  • Market capitalisation₹8,682 Cr
  • Price to earnings12.1
  • EPS (diluted, trailing year)₹14.75
  • Dividend yield0.28%
  • Volume (last session)102,537

Financials of Sandurgroup

Exchange-reported figures of The Sandur Manganese And Iron Ores Limited, the listed company behind Sandurgroup (NSE: SANDUMA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹5,088 Cr
+62.3% YoY
EBITDA
₹1,174 Cr
+50.3% YoY
Profit After Tax
₹676 Cr
+57.7% YoY
Net Worth
₹3,254 Cr
+24.5% YoY
Total Assets
₹4,318 Cr
-5.4% YoY
Total Debt
₹999 Cr
-47.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2018-19FY 2017-18FY 2016-17
Income statement
Revenue5,0883,1351,2522,126702608434
Revenue growth+62.3%+150.4%-41.1%-+15.5%+40.2%-
EBITDA1,17478132039222417498.86
EBITDA margin+23.1%+24.9%+25.6%+18.5%+31.9%+28.6%+22.8%
Profit before tax82762432536022416990.31
Net profit67642822826414311059.90
Net profit margin+13.3%+13.7%+18.2%+12.4%+20.4%+18.2%+13.8%
EPS (β‚Ή)13.5129.0214.78100.26167.41126.2668.45
Balance sheet
Total assets4,3184,5632,3302,158710568477
Net worth3,2542,6132,1581,934671531429
Total debt9991,8901332060.000.000.00
Cash & bank87.9344.9559.6251368.9337.5329.49
Net working capital48465774063739.0732.8217.53
Cash flow
Cash from operations1,14384115314216912885.06
Cash from investing19.71(1,554)(66.41)(11.22)(147)(106)(70.91)
Cash from financing(1,123)704(107)(129)(12.19)(13.38)(13.31)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5061,3751,5111,2091,2321,1351,321952
Revenue growth (YoY)+22.2%+21.1%+14.4%+27.1%+373.5%+88.7%--
Other income22.3014.7419.5027.8612.4314.789.0219.89
EBITDA378343387218273299316240
EBITDA margin+25.1%+25.0%+25.6%+18.1%+22.1%+26.4%+23.9%+25.2%
Depreciation54.2351.0553.7553.6053.3151.1653.9838.35
Interest25.5826.1155.3846.1357.1453.5966.5641.39
Profit before tax320281297147175209204180
Tax59.3352.1760.4030.1635.8942.2847.3641.80
Net profit261229236116139167157139
EPS (β‚Ή)5.354.674.852.382.8510.289.648.48
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,0111,9391,2522,1262,249747592
Revenue growth+3.7%+54.8%-41.1%-5.5%+201.2%+26.2%-
EBITDA839655320393974272195
EBITDA margin+41.7%+33.8%+25.6%+18.5%+43.3%+36.4%+33.0%
Profit before tax717597324359915250175
Net profit551402227264669154147
Net profit margin+27.4%+20.7%+18.2%+12.4%+29.8%+20.7%+24.9%
EPS (β‚Ή)11.1727.4314.69100.30749.97170.99168.44
Balance sheet
Total assets3,4573,6402,3292,1581,9861,4091,253
Net worth3,1092,5852,1571,9341,659993840
Total debt3271,022133206310369400
Cash & bank68.5233.4759.43493739131128
Net working capital168317723617643143213
Cash flow
Cash from operations733659154143837340(13.30)
Cash from investing138(1,480)(48.77)(29.78)(757)(249)(370)
Cash from financing(840)800(107)(129)(106)(58.26)378
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue582540668483436423595482
Revenue growth (YoY)+33.4%+27.8%+12.3%+0.4%+67.7%-29.7%--
Other income10.8913.2918.3623.9410.4912.038.0617.00
Total expenses331317379324253216359289
EBITDA252224290160184207236193
EBITDA margin+43.2%+41.4%+43.3%+33.0%+42.1%+48.9%+39.6%+40.0%
Depreciation16.6214.5015.0416.9016.0515.5616.3315.34
Interest7.737.9135.0127.4730.4230.7138.6224.99
Profit before tax238215258139148173189169
Tax60.7353.4261.6531.2437.3443.9149.3942.62

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5061,3751,5111,2091,2321,1351,321952
Revenue growth (YoY)+22.2%+21.1%+14.4%+27.1%+373.5%+88.7%--
Other income22.3014.7419.5027.8612.4314.789.0219.89
EBITDA378343387218273299316240
EBITDA margin+25.1%+25.0%+25.6%+18.1%+22.1%+26.4%+23.9%+25.2%
Depreciation54.2351.0553.7553.6053.3151.1653.9838.35
Interest25.5826.1155.3846.1357.1453.5966.5641.39
Profit before tax320281297147175209204180
Tax59.3352.1760.4030.1635.8942.2847.3641.80
Net profit261229236116139167157139
EPS (β‚Ή)5.354.674.852.382.8510.289.648.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2018-19FY 2017-18FY 2016-17
Revenue5,0883,1351,2522,126702608434
Revenue growth+62.3%+150.4%-41.1%-+15.5%+40.2%-
Other income77.4180.5482.6759.2019.4012.7010.42
Total expenses3,9142,3549321,733478434335
Employee cost31221017112882.4183.8966.04
EBITDA1,17478132039222417498.86
EBITDA margin+23.1%+24.9%+25.6%+18.5%+31.9%+28.6%+22.8%
Depreciation21212157.8464.2612.6312.0911.72
Interest21211719.9727.856.394.957.25
Profit before tax82762432536022416990.31
Tax16915086.3888.4576.7158.0029.50
Net profit67642822826414311059.90
Net profit margin+13.3%+13.7%+18.2%+12.4%+20.4%+18.2%+13.8%
EPS (β‚Ή)13.5129.0214.78100.26167.41126.2668.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2018-19FY 2017-18FY 2016-17
Equity & liabilities
Share capital48616216227.018.758.758.75
Reserves & surplus2,7682,4511,9961,907662522420
Shareholders' funds (net worth)3,2542,6132,1581,934671531429
Minority interest16.1114.640.000.0032.8031.9331.12
Secured loans9001,8821312040.000.000.00
Unsecured loans99.727.622.002.500.000.000.00
Total debt9991,8901332060.000.000.00
Total liabilities4,3184,5632,3302,158710568477
Assets
Gross block3,8523,4631,1331,066293285237
Net block3,3003,111886878260262225
Capital work in progress14237311666.9920212.103.66
Investments28122748446964.91175119
Inventories87295238829264.7987.0688.66
Sundry debtors43837434.4114420.924.336.37
Cash & bank balances87.9344.9559.6251368.9337.5329.49
Loans & advances22929251853.0136.5323.1811.84
Total current assets1,6271,6631,0001,003191152136
Total current liabilities1,1431,006260366152119119
Net working capital48465774063739.0732.8217.53
Total assets4,3184,5632,3302,158710568477
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2018-19FY 2017-18FY 2016-17
Opening cash14.0123.2243.2441.1630.2421.5920.75
Net cash from operating activities1,14384115314216912885.06
Net cash from investing activities19.71(1,554)(66.41)(11.22)(147)(106)(70.91)
Net cash from financing activities(1,123)704(107)(129)(12.19)(13.38)(13.31)
Net change in cash38.98(9.21)(20.02)2.089.988.650.84
Closing cash87.9344.9559.6251368.9337.5329.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2018-19FY 2017-18FY 2016-17
Growth
Sales growth+62.3%+150.4%-41.1%-+15.5%+40.2%-
EBITDA growth+50.3%+144.0%-18.4%-+28.8%+75.7%-
PBT growth+32.6%+92.0%-9.6%+60.4%+32.3%+87.5%+455.1%
Net income growth+57.7%+87.6%-13.6%-+29.6%+84.4%-
Revenue CAGR (3Y)+33.8%+64.7%+27.2%+69.9%+37.7%+20.2%+7.7%
EBITDA CAGR (3Y)+44.1%+51.7%+22.6%+58.3%+124.1%+61.5%+20.5%
Profitability & leverage
Net income margin+13.0%+15.1%+19.1%+12.8%+21.0%+18.3%+14.0%
Return on capital employed+23.5%+21.6%+15.4%+18.0%+38.0%+35.5%+23.6%
Return on net worth+22.5%+19.9%+11.7%+14.0%+24.5%+23.2%+15.3%
Debt / equity0.490.420.080.110.000.000.00
Long-term debt / equity0.330.300.060.080.000.000.00
Interest cover22.0617.717.618.493.033.068.32
Efficiency & per share
Fixed asset turnover1.391.361.141.992.432.341.65
Inventory turnover5.584.683.687.289.256.975.82
Debtors turnover12.5315.3414.0214.7455.62114.4762.40
EPS (β‚Ή)13.5129.0214.78100.26167.41126.2668.45
Dividend per share (β‚Ή)0.501.251.005.007.007.003.00
Book value per share (β‚Ή)66.93161.24133.19715.92767.13606.89490.45
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue582540668483436423595482
Revenue growth (YoY)+33.4%+27.8%+12.3%+0.4%+67.7%-29.7%--
Other income10.8913.2918.3623.9410.4912.038.0617.00
Total expenses331317379324253216359289
EBITDA252224290160184207236193
EBITDA margin+43.2%+41.4%+43.3%+33.0%+42.1%+48.9%+39.6%+40.0%
Depreciation16.6214.5015.0416.9016.0515.5616.3315.34
Interest7.737.9135.0127.4730.4230.7138.6224.99
Profit before tax238215258139148173189169
Tax60.7353.4261.6531.2437.3443.9149.3942.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,0111,9391,2522,1262,249747592
Revenue growth+3.7%+54.8%-41.1%-5.5%+201.2%+26.2%-
Other income65.1374.9081.5358.8435.2317.775.66
Total expenses1,1711,2849321,7331,275475396
Employee cost16215917112811310291.77
EBITDA839655320393974272195
EBITDA margin+41.7%+33.8%+25.6%+18.5%+43.3%+36.4%+33.0%
Depreciation63.5560.1057.8464.2655.6026.8119.47
Interest12472.6219.9727.8538.4313.066.73
Profit before tax717597324359915250175
Tax17415286.1688.4524095.6027.41
Net profit551402227264669154147
Net profit margin+27.4%+20.7%+18.2%+12.4%+29.8%+20.7%+24.9%
EPS (β‚Ή)11.1727.4314.69100.30749.97170.99168.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital48616216227.019.009.008.75
Reserves & surplus2,6222,4231,9951,9071,650984831
Shareholders' funds (net worth)3,1092,5852,1571,9341,659993840
Secured loans3251,021131204308364400
Unsecured loans1.071.832.002.501.424.800.00
Total debt3271,022133206310369400
Total liabilities3,4573,6402,3292,1581,9861,4091,253
Assets
Gross block1,2751,1761,1331,066973882362
Net block923884886878844808306
Capital work in progress90.4812111666.9942.3282.25557
Investments2,1862,15850248937629157.14
Inventories273323388292311157162
Sundry debtors8.201.1634.4114420376.4330.80
Cash & bank balances68.5233.4759.43493739131128
Loans & advances14224450152.9794.4293.47101
Total current assets4926019839821,348458421
Total current liabilities324284260366704315209
Net working capital168317723617643143213
Total assets3,4573,6402,3292,1581,9861,4091,253
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.5323.0324.9341.1666.7234.2340.22
Net cash from operating activities733659154143837340(13.30)
Net cash from investing activities138(1,480)(48.77)(29.78)(757)(249)(370)
Net cash from financing activities(840)800(107)(129)(106)(58.26)378
Net change in cash31.05(20.50)(1.90)(16.23)(25.56)32.50(5.99)
Closing cash68.5233.4759.43493739131128
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.7%+54.8%-41.1%-5.5%+201.2%+26.2%-
EBITDA growth+28.2%+104.3%-18.4%-59.7%+258.6%+39.1%-
PBT growth+20.2%+84.1%-9.8%-60.7%+266.8%+42.8%-22.0%
Net income growth+37.1%+76.6%-14.0%-60.5%+333.6%+4.7%-
Revenue CAGR (3Y)-1.8%-4.8%+18.8%+53.2%+47.4%+7.1%+10.9%
EBITDA CAGR (3Y)+28.8%-12.4%+5.7%+26.2%+63.3%+17.9%+29.0%
Profitability & leverage
Net income margin+27.0%+22.9%+19.0%+12.7%+30.0%+20.6%+24.9%
Return on capital employed+23.7%+22.4%+15.3%+18.7%+56.2%+19.7%+18.5%
Return on net worth+19.1%+18.8%+11.6%+15.1%+50.9%+16.8%+19.1%
Debt / equity0.240.240.080.140.260.420.26
Long-term debt / equity0.210.220.060.120.210.350.21
Interest cover15.9412.227.608.484.185.333.83
Efficiency & per share
Fixed asset turnover1.641.681.142.082.421.201.81
Inventory turnover6.755.453.687.059.604.695.23
Debtors turnover429.62109.0014.0212.2516.1013.9322.88
EPS (β‚Ή)11.1727.4314.69100.30749.97170.99168.44
Dividend per share (β‚Ή)0.501.251.005.005.0010.007.00
Book value per share (β‚Ή)63.95159.52133.11715.961,843.191,103.22959.36

Investments & Acquisitions by Sandurgroup

Sandurgroup has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arjas.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Manufacturer of steel for pipeline system & other industries
arjas.comBengaluru, India2018Apr 2024β€’β€’β€’β€’
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Timeline of Sandurgroup

3 dated milestones of Sandurgroup across 186 years, from founding to its latest funding, stage changes and deals.

  1. Founded Sandurgroup is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Arjas.

Web traffic of Sandurgroup

The website of Sandurgroup (sandurgroup.com) receives about 23.3K visits a month.

  • Monthly visits
    23.3K

    ▲ 342.1% vs previous month

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Related news about Sandurgroup

SANDUMA: Q2 REVENUE 15.06B RUPEES VS 12.3B (YOY)
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SANDUMA: Q2 CONS NET PROFIT 2.6B RUPEES VS 1.4B (YOY)
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SANDUMA: Q2 EBITDA 3.8B RUPEES VS 2.7B (YOY); Q2 EBITDA MARGIN 25.70% VS 22.13% (YOY)
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Frequently Asked Questions about Sandurgroup

Sandurgroup was founded in 1838.

Sandurgroup is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Bahirji Ajai Ghorpade is the CEO of Sandurgroup, as recorded in our data.

Sandurgroup has 2,730 employees.

The primary company behind Sandurgroup, The Sandur Manganese And Iron Ores Limited, reported revenue of β‚Ή5,166 Cr for FY 2026, up 62% year on year.

Sandurgroup was founded in 1838 and is based in Bengaluru, India. Iron ore mining services are offered within the metals and mining sector. Manganese ore, ferromanganese, silicomanganese, coke, and power generation are also produced. Ferroalloy production is included among the operations, with activities centered on resource extraction and processing in the region.

Sandurgroup offers Manganese Ore and Iron Ore.

Yes, Sandurgroup is publicly traded on NSE under the ticker symbol SANDUMA.

Sandurgroup has made 1 acquisition, including Arjas.

Sandurgroup operates through The Sandur Manganese And Iron Ores Limited.

The legal entities of Sandurgroup currently have 9 directors, including Raghunandan Raghavan Thoniparambil, Mohammed Abdul Saleem, Bahirji Ajay Ghorpade and others.

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