---
title: "Shah Foods Ltd (519031) — Share Price, Financials & Analysis"
symbol: "519031"
company: "Shah Foods Ltd"
canonical: "https://tapetide.com/stocks/519031"
isin: "INE455D01012"
bse_code: "519031"
sector: "Food Products"
industry: "Packaged Foods"
market_cap_cr: 955.78
generated_at: "2026-09-13T19:38:31.570Z"
---

# Shah Foods Ltd (519031)

Canonical page: https://tapetide.com/stocks/519031

## Company

- **BSE Code:** 519031
- **ISIN:** INE455D01012
- **Sector:** Food Products
- **Industry:** Packaged Foods
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-03
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in 1982, Shah Foods Ltd is in the business of trading in food products,vegetables, etc.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:54:28.549742Z.

- **Market Cap:** ₹955.78 Cr
- **Classification:** Microcap
- **P/E (reported):** 290.8
- **Book Value:** ₹75.84
- **Price to Book:** 5.41
- **Dividend Yield:** 0%
- **ROE:** -19.15%
- **ROCE:** 14.95%
- **Debt to Equity:** 0.33
- **Revenue (yearly):** ₹0 Cr
- **Net Income:** ₹-0.21 Cr
- **EBITDA:** ₹-0.21 Cr
- **52-Week High:** ₹439
- **52-Week Low:** ₹97.55
- **RSI (14):** 58.69

## Key Insights

### Weaknesses

- Stock is trading at 5.14 times its book value
- Promoter holding is low: 1.26%
- Earnings include an other income of Rs.4.87 Cr.
- Company has high debtors of 7,925 days.
- Promoter holding has decreased over last 3 years: -45.9%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 18.18% | 18.18% | 52.63% |
| ebitda margin growth | 221.28% | -100% | -100% | -100% |
| net income growth | 202.94% | -310% | 5% | -30% |
| revenue growth | 676.14% | -100% | — | — |
| roce | — | -127.33% | -130.91% | -38.33% |
| roe | — | -158.76% | 19.64% | -99.07% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2026 | Jun 2026 |
| --- | --- | --- |
| Sales | 4 | 65 |
| Expenses | 4 | 53 |
| Operating Profit | 0 | 12 |
| OPM % | -3.3 | 18 |
| Other Income | 5 | 3 |
| Interest | 0 | 1 |
| Depreciation | 0 | 0 |
| Profit before tax | 5 | 14 |
| Tax % | 27 | 25 |
| Net Profit | 3 | 10 |
| EPS in Rs | 1.46 | 4.41 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2026 |
| --- | --- |
| Sales | 3.98 |
| Expenses | 4.22 |
| Operating Profit | -0.24 |
| OPM % | -6.03 |
| Other Income | 4.87 |
| Interest | 0.04 |
| Depreciation | 0 |
| Profit before tax | 4.59 |
| Tax % | 28.1 |
| Net Profit | 3.29 |
| EPS in Rs | 1.41 |
| Dividend Payout % | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2026 |
| --- | --- |
| Equity Capital | 23.32 |
| Reserves | 153.51 |
| Borrowings | 57.68 |
| Other Liabilities | 36.31 |
| Total Liabilities | 270.82 |
| Fixed Assets | 3.08 |
| CWIP | 7.04 |
| Investments | 18.99 |
| Other Assets | 241.71 |
| Total Assets | 270.82 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2026 |
| --- | --- |
| Cash from Operating Activity | -54.29 |
| Cash from Investing Activity | -147.78 |
| Cash from Financing Activity | 232.22 |
| Net Cash Flow | 30.15 |
| Free Cash Flow | -64.5 |
| CFO/OP | 25096 |

### Ratios

| Item | Mar 2026 |
| --- | --- |
| Debtor Days | 7925.45 |
| Inventory Days | 45.89 |
| Days Payable | 2393.36 |
| Cash Conversion Cycle | 5577.98 |
| Working Capital Days | 1159.2 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 26.13% | 0.54% | 49.55% | 49.55% | 49.01% | 49.01% | 49.01% | 49.01% | 49.01% | 49.01% | 1.26% | 1.26% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 72.8% | 98.09% | 48.43% | 48.41% | 48.96% | 48.96% | 48.89% | 48.89% | 48.54% | 48.48% | 83.68% | 83.59% |
| Others | 1.07% | 1.37% | 2.02% | 2.04% | 2.03% | 2.03% | 2.1% | 2.1% | 2.45% | 2.51% | 15.07% | 15.16% |
| No. of Shareholders | 1009 | 1001 | 984 | 991 | 987 | 987 | 988 | 987 | 980 | 968 | 1057 | 1049 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 402.72 | Sell |
| EMA (10) | 398.65 | Sell |
| SMA (20) | 382.21 | Buy |
| EMA (20) | 389.73 | Buy |
| SMA (50) | 369.13 | Buy |
| EMA (50) | 352.22 | Buy |
| SMA (100) | 260.8 | Buy |
| EMA (100) | 299.57 | Buy |
| SMA (200) | 232.05 | Buy |
| EMA (200) | 247.05 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.4 | Neutral |
| MACD (12,26,9) | 13.4 | Sell |
| Stochastic (14,3,3) | 64.09 | Neutral |
| ADX (14) | 31.82 | Buy |
| Williams %R (14) | -65.38 | Neutral |
| ATR (14) | 20.53 | High Volatility |
| ROC (12) | 1.21 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 42.22 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8a29896-2e3c-4e09-ab21-7703f32238f2.pdf) |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8114afe9-e451-4c9e-b369-498f89196d13.pdf) |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4eecc299-b24c-4a9c-b195-4500ade56219.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39e6e8fd-0c28-42db-84d5-6eb831235a8d.pdf) |
| 2026-09-08 | [Notice Of The 44Th Annual General Meeting And Annual Report Of The Company For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9064fcbc-87b3-40c3-9f72-87bddef964d2.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 07Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb085402-2b14-4622-adea-447b89d69e95.pdf) |
| 2026-09-07 | [Announcement Under Regulation 30 Of SEBI (LODR) 2015-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=809e009a-76af-4cd6-99ba-fb513bf1dc4c.pdf) |
| 2026-09-01 | [Board Meeting Intimation for Raising Of Funds And Other Matters.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=837268c1-3b6d-43cc-aec8-635885a64cc2.pdf) |
| 2026-08-19 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c349b7f4-a6f0-438a-8b6b-ba0ba21ee9b7.pdf) |
| 2026-08-19 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b03e3a1-0b8e-47a3-9755-fc6abec1e0be.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3fcb61fc-2289-40b4-aeca-28e783e11b87.pdf) |
| 2026-06-03 | [Financial Results For The Quarter And Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1edbac88-bf53-4fd6-b96c-adff5aca18d9.pdf) |
| 2026-01-22 | [Results - Unaudited Financial Results For The Quarter Ended On 31 December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de3a4720-dfde-4d2c-a28e-5ec537a1b5f1.pdf) |
| 2025-11-14 | [Results- Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca8ae775-993d-4a18-bb56-03606c452830.pdf) |
| 2025-08-11 | [Results - Financial Results For June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=637e1dd2-4729-4545-a080-f0c5a97fe416.pdf) |
| 2025-06-10 | [Audit Report And Declaration Of Statement For The Quarter And Year Ended March 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a009fd8f-f48c-4b80-a51a-a1257d94a3a5.pdf) |
| 2025-05-28 | [Financial Results For The Quarter And Year Ended March 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fae40fd-44c4-4602-8cb6-a691d4358bb7.pdf) |
| 2024-11-14 | [Unaudited Financial Result For The Quarter Ended30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67fc71ec-8bd4-4499-a174-18b30c165e40.pdf) |
| 2024-08-13 | [Results_Unaudited Financial Result For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5066311b-b719-4bcd-89de-a7c7caf4e44d.pdf) |
| 2024-05-30 | [Audited Result For The Quarter And Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=daeac35e-e9d4-41f4-85a0-f63de904c549.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Independent directors deemed the 60,61,900-share open offer at Rs.62.50 fair and reasonable. | [Outcome Of Meeting Of Committee Of Independent Directors For Open Offer Of Shah Foods Limited 8 May - Independent directors deemed the 60,61,900-share open offer at Rs.62.50 fair and reasonable.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/03cda02f-c6e7-4079-89a4-b0ff7f02002a.pdf) |
| 6 Mar - 06-Mar-2026 EGM approved preferential equity issues, increased authorised capital/borrowings, charge powers, AOAs, and shift to West Bengal. | [Shareholder Meeting / Postal Ballot-Outcome of EGM 6 Mar - 06-Mar-2026 EGM approved preferential equity issues, increased authorised capital/borrowings, charge powers, AOAs, and shift to West Bengal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54b56617-63e6-4d97-a2c2-69d72a69a99c.pdf) |
| 30 Mar - Independent directors met March 30, 2026; reviewed board, chairperson performance and information flow. | [Outcome Of Separate Meeting Of Independent Directors 30 Mar - Independent directors met March 30, 2026; reviewed board, chairperson performance and information flow.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a544cfbb-a7ea-43fe-9c71-7a0f436f0f3d.pdf) |
| 30 Apr - Shah Foods open offer for 60,61,900 shares at Rs62.50; tendering 13-26 May 2026. | [Letter of Offer 30 Apr - Shah Foods open offer for 60,61,900 shares at Rs62.50; tendering 13-26 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1EC18FC3-CA64-4FD5-B80D-9F6668CDFD55-164057.pdf) |
| 30 Apr - Shah Foods open offer for 60,61,900 shares at Rs62.50; tendering 13-26 May 2026. | [Letter of Offer 30 Apr - Shah Foods open offer for 60,61,900 shares at Rs62.50; tendering 13-26 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1EC18FC3-CA64-4FD5-B80D-9F6668CDFD55-164057.pdf) |
| 30 Apr - Corrigendum to detailed public statement for open offer of 60,61,900 shares at Rs 62.50 each, dated 30 Apr 2026. | [Detailed Public Statement (Corrigendum) 30 Apr - Corrigendum to detailed public statement for open offer of 60,61,900 shares at Rs 62.50 each, dated 30 Apr 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/E73A8B38-D1CE-4CC2-9D37-0597CC244E87-163907.pdf) |
| 30 Apr - Corrigendum to detailed public statement for open offer of 60,61,900 shares at Rs 62.50 each, dated 30 Apr 2026. | [Detailed Public Statement (Corrigendum) 30 Apr - Corrigendum to detailed public statement for open offer of 60,61,900 shares at Rs 62.50 each, dated 30 Apr 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/E73A8B38-D1CE-4CC2-9D37-0597CC244E87-163907.pdf) |
| 3 Mar - BSE and NSE each fined Rs 5,42,800 for Dec 2025 board composition non-compliance; BHEL to seek waiver. | [Imposition Of Fine For Non-Compliance Of Regulation 17(1) Of SEBI (LODR) Regulations, 2015 Pertaining To Composition Of Board 3 Mar - BSE and NSE each fined Rs 5,42,800 for Dec 2025 board composition non-compliance; BHEL to seek waiver.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f4a45d4-1de3-43cd-8261-a4127058eaaf.pdf) |
| 29 Apr - Shah Foods confirms it is not a Large Corporate under SEBI debt disclosure rules. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Shah Foods confirms it is not a Large Corporate under SEBI debt disclosure rules.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3375890-3ca6-44b3-abf7-ad95d48851c4.pdf) |
| 29 Apr - Shah Foods confirms it is not a Large Corporate under SEBI debt disclosure rules. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Shah Foods confirms it is not a Large Corporate under SEBI debt disclosure rules.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3375890-3ca6-44b3-abf7-ad95d48851c4.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13df1bc9-e65d-4fb6-b808-cdd626288b86.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/def3e115-c2f3-4c39-80af-f866bf99b0b6.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cc24fc8-bace-4a93-9696-0bf335363007.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1154_BHEL_2012_2013_23082013190414.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_BHEL_2011_2012_18092012091256.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78065402-e226-4cad-ae7d-2876ac01190f.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42bfcc8f-787c-4377-99ed-e6fefef4fb12.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c24318ed-7bfa-490a-b9f9-26a2e0357d0a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e5f039d-51c9-496c-ac35-40ed3f9053da.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6e66b29-cb68-48f7-9a6a-d309a42dd11c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/facb37ed-4a24-4efa-9cd5-fcc9a1d4735f.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500103/76557500103.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/519031/76629519031.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:31.570Z.