---
title: "Shah Alloys Ltd (SHAHALLOYS) — Share Price, Financials & Analysis"
symbol: "SHAHALLOYS"
company: "Shah Alloys Ltd"
canonical: "https://tapetide.com/stocks/SHAHALLOYS"
isin: "INE640C01011"
nse_symbol: "SHAHALLOYS"
bse_code: "513436"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 191.44
generated_at: "2026-09-13T19:41:22.876Z"
---

# Shah Alloys Ltd (SHAHALLOYS)

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

## Company

- **NSE Symbol:** SHAHALLOYS
- **BSE Code:** 513436
- **ISIN:** INE640C01011
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2005-06-16
- **CEO:** Mr. Ashok A. Sharma ACA, ACS
- **Employees:** 216
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shahalloys.com

## About

Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]

## Latest Price

- **Price:** ₹92.62
- **Change:** -4.14 (-4.28%)
- **Open:** ₹96.76
- **Day High:** ₹97.88
- **Day Low:** ₹91.93
- **Previous Close:** ₹96.76
- **Volume:** 54813
- **As Of:** 2026-09-11T09:58:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:38.277589Z.

- **Market Cap:** ₹191.44 Cr
- **Classification:** Microcap
- **P/E (reported):** 1.8
- **P/E (TTM):** 4.82
- **EPS (TTM):** ₹19.21
- **Book Value:** ₹56.75
- **Price to Book:** 1.69
- **Dividend Yield:** 0%
- **ROE:** 95.89%
- **ROCE:** 115.59%
- **Debt to Equity:** 0.56
- **Revenue (yearly):** ₹39.4 Cr
- **Net Income:** ₹107.7 Cr
- **EBITDA:** ₹7.1 Cr
- **52-Week High:** ₹116.85
- **52-Week Low:** ₹53.1
- **RSI (14):** 58.78

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Rising
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 69.65 | 9% |
| growth | 1.1 | 9% |
| momentum | 98.9 | 12% |
| ownership | 50 | 24% |
| quality | 50.49 | 22% |
| valuation | 69.82 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -40.6% over past five years.
- Company has a low return on equity of -109% over last 3 years.
- Contingent liabilities of Rs.132 Cr.
- Earnings include an other income of Rs.138 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -989.11% | -204.53% |
| ebitda margin growth | -110.39% | -611.58% | — | 30.66% |
| net income growth | -121.82% | -646.7% | -679.03% | -14% |
| revenue growth | -99.38% | -85.26% | -61% | -41% |
| roce | -110.18% | -93.45% | -243.16% | 393.01% |
| roe | -121.87% | -62.64% | 62.24% | -61.38% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 159.56 | 180.59 | 144.68 | 128.41 | 118.55 | 66.31 | 52 | 30.37 | 23.64 | 2.96 | 10.58 | 2.25 |
| Expenses | 155.52 | 176.91 | 151.66 | 125.76 | 124.08 | 71.4 | 51.11 | 30.14 | 24.05 | 3.83 | 3.01 | 1.4 |
| Operating Profit | 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 % | 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 | -15.6 | 6.09 | 0 | 0.05 | 0 | 0 | 0 | 16.92 | 54.36 | -5.39 |
| Interest | 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 | 2.23 | 2.23 | 2.23 | 2.21 | 2.3 | 2.29 | 2.3 | 2.3 | 1.64 | 1.64 | 1.69 | 1.59 |
| Profit before tax | 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 % | 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 | 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 | 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

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 299 | 480 | 570 | 489 | 502 | 880 | 626 | 592 | 267 | 37 |
| Expenses | 306 | 487 | 569 | 545 | 486 | 763 | 622 | 610 | 279 | 32 |
| Operating Profit | -7 | -7 | 1 | -56 | 16 | 117 | 4 | -17 | -13 | 5 |
| OPM % | -2.4 | -1.5 | 0.1 | -11 | 3.2 | 13 | 0.7 | -3 | -4.7 | 13 |
| Other Income | 82 | 142 | 7 | 93 | 41 | 6 | 3 | 12 | 1 | 138 |
| Interest | 14 | 0 | 0 | 0 | 2 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 14 | 14 | 13 | 13 | 13 | 11 | 9 | 9 | 9 | 7 |
| Profit before tax | 47 | 121 | -6 | 24 | 42 | 109 | -5 | -19 | -25 | 133 |
| Tax % | 22 | 70 | -232 | 120 | 231 | 25 | -29 | -1 | -22 | 19 |
| Net Profit | 36 | 36 | 8 | -5 | -56 | 82 | -3 | -19 | -20 | 108 |
| EPS in Rs | 18.43 | 17.99 | 3.8 | -2.35 | -28.19 | 41.47 | -1.62 | -9.42 | -9.97 | 54.42 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | 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 |
| Reserves | -295 | -193 | -186 | -38 | -74 | 13 | 11 | -9 | -27 | 93 |
| Borrowings | 338 | 263 | 238 | 209 | 168 | 117 | 74 | 80 | 79 | 63 |
| Other Liabilities | 566 | 368 | 448 | 241 | 191 | 172 | 197 | 166 | 123 | 32 |
| Total Liabilities | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 | 208 |
| Fixed Assets | 143 | 131 | 119 | 106 | 93 | 82 | 73 | 67 | 57 | 50 |
| CWIP | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 7 | 7 | 5 | 49 |
| Other Assets | 476 | 317 | 392 | 316 | 202 | 225 | 212 | 174 | 124 | 108 |
| Total Assets | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 | 208 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 78 | 124 | 14 | 121 | 57 | 68 | 43 | -7 | 7 | -71 |
| Cash from Investing Activity | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 4 | 1 | 89 |
| Cash from Financing Activity | -80 | -124 | -13 | -121 | -56 | -70 | -44 | 3 | -6 | -20 |
| Net Cash Flow | -1 | -1 | -1 | 0 | 1 | -1 | 0 | 0 | 2 | -2 |
| Free Cash Flow | 78 | 123 | 13 | 121 | 57 | 68 | 43 | -3 | 8 | 8 |
| CFO/OP | -1099 | -1758 | 1619 | -217 | 351 | 58 | 1067 | 37 | -55 | -1420 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 9 | 3 | 18 | 18 | 10 | 6 | 9 | 4 | 2 | 11 |
| Inventory Days | 241 | 89 | 114 | 87 | 75 | 74 | 90 | 70 | 57 | 381 |
| Days Payable | 164 | 53 | 105 | 148 | 138 | 73 | 103 | 96 | 133 | 25 |
| Cash Conversion Cycle | 85 | 39 | 27 | -43 | -53 | 7 | -4 | -22 | -75 | 367 |
| Working Capital Days | -641 | -209 | -223 | -112 | -125 | -46 | -69 | -91 | -224 | -453 |
| ROCE % | -39 | -26 | 2 | -51 | 18 | 85 | -2 | -5 | -26 | 0 |

## 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 | 53.77% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.75% | 53.75% | 53.75% | 53.75% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.03% | 0.08% | 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 | 37.99% | 37.39% | 37.73% | 37.85% | 37.9% | 37.27% | 37.51% | 35.77% | 30.34% | 29.09% | 29.19% | 29.21% |
| Others | 8.24% | 8.83% | 8.48% | 8.37% | 8.32% | 8.95% | 8.71% | 10.44% | 15.88% | 17.09% | 17.07% | 17.04% |
| No. of Shareholders | 9848 | 9494 | 9456 | 9538 | 10983 | 10259 | 10417 | 10096 | 9961 | 9530 | 9321 | 9156 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 103.41 | Sell |
| EMA (10) | 97.83 | Sell |
| SMA (20) | 92.16 | Buy |
| EMA (20) | 92.98 | Sell |
| SMA (50) | 78.82 | Buy |
| EMA (50) | 83.11 | Buy |
| SMA (100) | 74.2 | Buy |
| EMA (100) | 76.85 | Buy |
| SMA (200) | 70.19 | Buy |
| EMA (200) | 71.73 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.37 | Neutral |
| MACD (12,26,9) | 6.82 | Sell |
| Stochastic (14,3,3) | 52.5 | Neutral |
| ADX (14) | 49.56 | Buy |
| Williams %R (14) | -56.94 | Neutral |
| ATR (14) | 6.66 | High Volatility |
| ROC (12) | 21.77 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 42.15 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 30 Apr - Shah Alloys confirms it is not a large corporate; outstanding borrowing was NIL on 31 March 2025. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/285f458a-3928-4928-bb95-e2eb966ba485.pdf) |
| 30 Apr - Shah Alloys confirms it is not a large corporate; outstanding borrowing was NIL on 31 March 2025. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/285f458a-3928-4928-bb95-e2eb966ba485.pdf) |
| 27 Jan - Board approved OTS: Rs18,00,00,000 payable by 25.02.2026 to settle HDFC Bank dues. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6c18ab0-0eba-44ad-a3ad-ba79cd47a333.pdf) |
| 26 Mar - Trading window closed Apr 1, 2026 until 48 hours post Q4 FY2026 results announcement. | [Closure of Trading Window 26 Mar - Trading window closed Apr 1, 2026 until 48 hours post Q4 FY2026 results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa016f49-cfe3-4387-bc69-8daff9a20d8c.pdf) |
| 16 Feb - Submission of Newspaper Advertisement in Compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Submission of Newspaper Advertisement in Compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/397a7eef-b7e7-4fc8-bd9e-6a2f7d54c193.pdf) |
| 14 Feb - Board approved Q3/Q3 nine-month results; plant closed Aug 2025; Rs63.00 crore asset sale; exceptional gain ~Rs53.48 crore. | [Board Meeting Outcome for Outcome Of Board Meeting Held On February 14, 2026. 14 Feb - Board approved Q3/Q3 nine-month results; plant closed Aug 2025; Rs63.00 crore asset sale; exceptional gain ~Rs53.48 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09a03bd9-3cd6-4ac2-9fee-4a634528dfe9.pdf) |
| 14 Feb - Board approved Q3/9M Dec 31, 2025 results; sold plant for Rs63.00 Cr; exceptional gains; going-concern uncertainty. | [Un-Audited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended As On December 31, 2026 Duly Reviewed By The Audit Committee. 14 Feb - Board approved Q3/9M Dec 31, 2025 results; sold plant for Rs63.00 Cr; exceptional gains; going-concern uncertainty.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd41db8b-786e-482e-8d6e-eed0353326f1.pdf) |
| 10 Feb - Board meeting 14 Feb 2026 to approve unaudited standalone and consolidated Q3 and nine-month results. | [Board Meeting Intimation for Board Meeting To Be Held On 14.02.2026 10 Feb - Board meeting 14 Feb 2026 to approve unaudited standalone and consolidated Q3 and nine-month results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f08bd2e2-634a-4e49-9323-8d7d33d6b9c3.pdf) |
| 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 … | [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 …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4dc93ea4-065b-47fa-b930-ef42030a8864.pdf) |
| — | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 12 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71E68602_E8FD_4D18_9DCA_0391DA5AF960_160432.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3887d08-005f-46f1-a469-ebfa4e37f4ce.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8bd70ae0-b668-4f18-8348-394816356723.pdf) |
| 2026-08-24 | [36Th Annual General Meeting Is Scheduled To Be Held On Friday September 18 2026 At 12.30 PM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec7ff4de-bfe7-43ad-921a-40094008e377.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=85492161-13a6-4bec-ad4f-e668877e48ef.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=314bd084-e156-4127-83e6-e794ac3bde07.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On 12Th August 2026 And Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36cce766-70c5-4dea-8331-33a12939c736.pdf) |
| 2026-08-12 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Strategic Review And Proposed Restructuring/Monetisation Of Steel Plant Plant & Machinery And Other Assets](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a874403a-1696-457e-b601-7586567508f0.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 Regarding Board Meeting To Be Held On Wednesday 12Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cced25f5-897b-416b-8229-feb15cc9dfb1.pdf) |
| 2026-07-13 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d02f9bf5-c970-4b68-b0b3-7581e076aa83.pdf) |
| 2026-07-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d78ab38-87d9-4d24-859e-6419f54e2a0c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Un-Audited Standalone Financial Results For The Quarter Ended As On 30.06.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b9d640c-6d8c-4729-a424-89df0debd176.pdf) |
| 2026-05-30 | [Submission Of Audited Standalone And Consolidated Financial Result For The Qurter And Financial Year Ended On March 31 2026 Duly Reviewed By The Audit Committee.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3ed9fb4-a24b-4ca6-afeb-8c0f4ba3391c.pdf) |
| 2026-02-14 | [Un-Audited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended As On December 31 2026 Duly Reviewed By The Audit Committee.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd41db8b-786e-482e-8d6e-eed0353326f1.pdf) |
| 2025-11-14 | [Un-Audited Standalone & Consolidated Financial Results For The Quarter And Half Year Ended As On September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b83f82d0-9c38-4f15-a0c7-c308948e768b.pdf) |
| 2025-08-14 | [Un-Audited Financial Results For Qurter Ended On June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=061d2614-17fc-4129-af8d-ea7d4a2145b9.pdf) |
| 2025-05-31 | [Revised Outcome Of Board Meeting Held On 30.05.2025 Due To Inadvertently Standalone Financial Results Was Attached In Place Of Consolidated Financial Results For The Quarter And Financial Year Ended On 31.03.2025 Duly Reviewed By The Audit Committee.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7adba43-7551-41d2-8347-8ebd4393f4fc.pdf) |
| 2025-05-30 | [Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended On 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1d50553-9a7c-4795-b93a-313d42d1cbcd.pdf) |
| 2025-02-12 | [Un-Audited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c4a3565-3c16-40ab-a32d-30c09545a176.pdf) |
| 2024-11-12 | [Un-Audited Standalone And Consolidated Financial Results For The Quarter & Half Year Ended On 30.09.2024 Duly Reviewed By The Audit Committee](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7135786-0283-46d8-8f5f-bf99acb89f85.pdf) |
| 2024-08-09 | [Un-Audited Standalone & Consolidated Financial Results For The Quarter Ended As On 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca5a55d5-a0b5-4907-83d7-373d497c2373.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SHAHALLOYS_2010_2011_12092011034949.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3227db4a-217b-47c5-8378-10528587adb4.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b3ffc7e-ca4d-4697-8be7-97ada94da2de.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd545d9a-1a73-4c06-8c75-ce24fc6b1c65.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/513436/75660513436.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/513436/71572513436.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/513436/67753513436.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/513436/5134360319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/513436/5134360318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/513436/5134360317.pdf) |

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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 2026-09-13T19:41:22.876Z.