Sandur Manganese & Iron Ores Upgraded to Higher Quality Grade Amid Strong Financial Performance

Sandur Manganese & Iron Ores has recently undergone an evaluation revision, reflecting its strong financial performance and market position within the miscellaneous industry. The company has demonstrated robust sales growth over the past five years, achieving a rate of 21.44%. Additionally, its EBIT growth during the same period stands at an impressive 42.24%, indicating effective operational management.
Key financial metrics further highlight Sandur Manganese's stability. The average EBIT to interest ratio is 16.90, showcasing its ability to cover interest expenses comfortably. The company maintains a low debt to EBITDA ratio of 0.87 and a net debt to equity ratio of just 0.13, suggesting a solid balance sheet with minimal leverage.

In comparison to its peers, Sandur Manganese stands out with a return on capital employed (ROCE) of 22.20% and a return on equity (ROE) of 25.86%, both of which are significantly higher than those of competitors like KIOCL and GMDC. This performance underscores the company's competitive edge in the market, particularly in terms of profitability and financial health.