Shah Alloys Ltd
SHAHALLOYS NSE
Shah Alloys Ltd
Industrial ProductsNSE: SHAHALLOYS BSE: 513436 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹155 Cr
Volatility
Moderate
P/E Ratio
4.02
EBITDA
₹4.98 Cr
Return on Equity
256.66%
Debt to Equity
0.56
Book Value
₹56.75
52W High
₹88.37
52W Low
₹53.1
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shah Alloys Ltd insights
29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.9% over past five years.
- Company has a low return on equity of -42.5% over last 3 years.
- Contingent liabilities of Rs.182 Cr.
- Earnings include an other income of Rs.136 Cr.
Growth Rate
Revenue Growth
-86.06% ↗
Net Income Growth
-772.94% ↘
Cash Flow Change
30.83% ↗
ROE
-254.76% ↘
ROCE
-2285.37% ↘
EBITDA Margin (Avg.)
-181.36% ↘
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 160 | 181 | 145 | 128 | 119 | 66.31 | 52 | 30.37 | 23.64 | 2.96 | 10.58 | 2.25 |
| Expenses | 159 | 156 | 177 | 152 | 126 | 124 | 71.4 | 51.11 | 30.14 | 24.05 | 3.83 | 3.01 | 1.4 |
| Operating Profit | -5.44 | 4.04 | 3.68 | -6.98 | 2.65 | -5.53 | -5.09 | 0.89 | 0.23 | -0.41 | -0.87 | 7.57 | 0.85 |
| OPM % | -3.54% | 2.53% | 2.04% | -4.82% | 2.06% | -4.66% | -7.68% | 1.71% | 0.76% | -1.73% | -29.39% | 71.55% | 37.78% |
| Other Income | 0 | 0 | 0 | -15.6 | 6.09 | 0 | 0.05 | 0 | 0 | 0 | 16.92 | 54.36 | -5.39 |
| Interest | 0.98 | 1.05 | 1.06 | 1.04 | 0.87 | 1.11 | 1.11 | 1.14 | 1.12 | 1.05 | 1.08 | 1.04 | 0.44 |
| Depreciation | 2.24 | 2.23 | 2.23 | 2.23 | 2.21 | 2.3 | 2.29 | 2.3 | 2.3 | 1.64 | 1.64 | 1.69 | 1.59 |
| PBT | -8.66 | 0.76 | 0.39 | -25.85 | 5.66 | -8.94 | -8.44 | -2.55 | -3.19 | -3.1 | 13.33 | 59.2 | -6.57 |
| Tax % | -23.9% | 18.42% | 12.82% | -10.21% | 39.22% | -24.61% | -24.05% | -24.71% | -26.02% | -25.16% | 6.9% | 39.02% | 24.35% |
| Net Profit | -6.37 | 0.7 | 0.35 | -24.11 | 4.41 | -6.69 | -6.38 | -2.16 | -4.49 | -5.76 | 13.73 | 38.46 | -8.41 |
| EPS in Rs | -3.22 | 0.35 | 0.18 | -12.18 | 2.23 | -3.38 | -3.22 | -1.09 | -2.27 | -2.91 | 6.94 | 19.43 | -4.25 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 261 | 260 | 299 | 480 | 570 | 489 | 502 | 880 | 626 | 592 | 267 | 39 |
| Expenses | 300 | 525 | 306 | 487 | 569 | 545 | 486 | 763 | 622 | 610 | 279 | 32 |
| Operating Profit | -39 | -265 | -7 | -7 | 1 | -56 | 16 | 117 | 4 | -17 | -13 | 7 |
| OPM % | -15% | -102% | -2.4% | -1.5% | 0.1% | -11% | 3.2% | 13% | 0.7% | -3% | -4.7% | 18% |
| Other Income | -36 | 496 | 82 | 142 | 7 | 93 | 41 | 6 | 3 | 12 | 1 | 136 |
| Interest | 70 | 23 | 14 | 0 | 0 | 0 | 2 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 39 | 18 | 14 | 14 | 13 | 13 | 13 | 11 | 9 | 9 | 9 | 7 |
| PBT | -184 | 189 | 47 | 121 | -6 | 24 | 42 | 109 | -5 | -19 | -25 | 133 |
| Tax % | -27% | 34% | 22% | 70% | -232% | 120% | 231% | 25% | -29% | -1% | -22% | 19% |
| Net Profit | -140 | 121 | 36 | 36 | 8 | -5 | -56 | 82 | -3 | -19 | -20 | 108 |
| EPS in Rs | -70.95 | 61.09 | 18.43 | 17.99 | 3.8 | -2.35 | -28.19 | 41.47 | -1.62 | -9.42 | -9.97 | 54.42 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | -735 | -400 | -295 | -193 | -186 | -38 | -74 | 13 | 11 | -9 | -27 | 93 |
| Borrowings | 653 | 419 | 338 | 263 | 238 | 209 | 168 | 117 | 74 | 80 | 79 | 63 |
| Other Liabilities | 801 | 587 | 566 | 368 | 448 | 241 | 191 | 172 | 197 | 166 | 123 | 32 |
| Total Liabilities | 738 | 626 | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 | 208 |
| Fixed Assets | 175 | 157 | 143 | 131 | 119 | 106 | 93 | 82 | 73 | 67 | 57 | 50 |
| CWIP | 13 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 7 | 7 | 5 | 49 |
| Other Assets | 551 | 460 | 476 | 317 | 392 | 316 | 202 | 225 | 212 | 174 | 124 | 108 |
| Total Assets | 738 | 626 | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 | 208 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 49 | 78 | 124 | 14 | 121 | 57 | 68 | 43 | -7 | -5 | -71 |
| Investing | — | 6 | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 4 | 1 | 89 |
| Financing | — | -53 | -80 | -124 | -13 | -121 | -56 | -70 | -44 | 3 | 6 | -20 |
| Net Cash Flow | — | 2 | -1 | -1 | -1 | 0 | 1 | -1 | 0 | 0 | 2 | -2 |
| Free Cash Flow | — | 49 | 78 | 123 | 13 | 121 | 57 | 68 | 43 | -3 | -4 | 8 |
| CFO/OP | — | -18 | -1,099 | -1,758 | 1,619 | -217 | 351 | 58 | 1,067 | 37 | 36 | -994 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 14 | 9 | 3 | 18 | 18 | 10 | 6 | 9 | 4 | 2 | 10 |
| Inventory Days | 160 | 158 | 241 | 89 | 114 | 87 | 75 | 74 | 90 | 70 | 57 | 381 |
| Days Payable | 117 | 140 | 164 | 53 | 105 | 148 | 138 | 73 | 103 | 96 | 143 | 25 |
| Cash Conversion Cycle | 64 | 32 | 85 | 39 | 27 | -43 | -53 | 7 | -4 | -22 | -85 | 366 |
| Working Capital Days | -1,475 | -924 | -641 | -209 | -223 | -112 | -125 | -46 | -69 | -91 | -224 | -428 |
| ROCE % | — | — | -39% | -26% | 2% | -51% | 18% | 85% | -2% | -5% | -26% | 0% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Shah Alloys confirms it is not a large corporate; outstanding borrowing was NIL on 31 March 2025. 30 Apr - Shah Alloys confirms it is not a large corporate; outstanding borrowing was NIL on 31 March 2025.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Shah Alloys confirms it is not a large corporate; outstanding borrowing was NIL on 31 March 2025. 30 Apr - Shah Alloys confirms it is not a large corporate; outstanding borrowing was NIL on 31 March 2025.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Submission of Certificate received from Bigshare Services Pvt Ltd, RTA of the company under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter … 10 Apr - Submission of Certificate received from Bigshare Services Pvt Ltd, RTA of the company under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter …
4
Closure of Trading Window
26 Mar - Trading window closed Apr 1, 2026 until 48 hours post Q4 FY2026 results announcement. 26 Mar - Trading window closed Apr 1, 2026 until 48 hours post Q4 FY2026 results announcement.
5
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 -One Time Settlement With Bank.
27 Jan - Board approved OTS: Rs18,00,00,000 payable by 25.02.2026 to settle HDFC Bank dues. 27 Jan - Board approved OTS: Rs18,00,00,000 payable by 25.02.2026 to settle HDFC Bank dues.
1
36Th Annual General Meeting Is Scheduled To Be Held On Friday September 18 2026 At 12.30 PM 24 Aug 2026
Intimation
Frequently Asked Questions about Shah Alloys Ltd
What does Shah Alloys Ltd do?
Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]
Where is Shah Alloys Ltd (SHAHALLOYS) listed?
Shah Alloys Ltd is listed on the Indian stock exchanges. It is listed on NSE: SHAHALLOYS and BSE: 513436. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Shah Alloys Ltd belong to?
Shah Alloys Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Shah Alloys Ltd?
Shah Alloys Ltd has a market capitalisation of approximately ₹155.41 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Shah Alloys Ltd?
The Price-to-Earnings (PE) ratio of Shah Alloys Ltd is 4.02. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Shah Alloys Ltd?
Over the past 52 weeks, Shah Alloys Ltd has traded between a low of ₹53.1 and a high of ₹88.37. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Shah Alloys Ltd?
Shah Alloys Ltd has a Return on Equity (ROE) of 256.66%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Shah Alloys Ltd on Tapetide?
On Tapetide, you can view Shah Alloys Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]
Website shahalloys.com
CEO Mr. Ashok A. Sharma ACA, ACS
Employees 216
Listed 2005-06-16
Face Value ₹ 10
Issued Size 1,97,97,540