Shah Metacorp
SHAH NSE
Shah Metacorp
IndustrialsNSE: SHAH BSE: 533275 Industrial Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹350 Cr
Volatility
Moderate
P/E Ratio
25.07
EBITDA
₹1.76 Cr
Return on Equity
19.71%
Debt to Equity
0.78
Book Value
₹3.6
52W High
₹5.84
52W Low
₹2.56
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
Weaknesses
9- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 30.2%
- Company has a low return on equity of 6.80% over last 3 years.
- Contingent liabilities of Rs.164 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.20.5 Cr.
- Company has high debtors of 208 days.
- Promoter holding has decreased over last 3 years: -9.32%
- Working capital days have increased from 357 days to 614 days
Growth Rate
Revenue Growth
16.07% lower than
3Y
Net Income Growth
-53.59% lower than
3Y
Cash Flow Change
-44.57%
ROE
166% higher than
3Y
ROCE
311%
EBITDA Margin (Avg.)
-90.29% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.24 | 21.33 | 12.91 | 46.28 | 46.29 | 48.54 | 39.86 | 41.46 | 28.9 | 66.77 | 50.04 | 62.28 | 57.2 |
| Expenses | 17.02 | 20.74 | 11.44 | 44.1 | 42.84 | 45.8 | 37.55 | 38.82 | 25.74 | 65.11 | 48.95 | 66.43 | 52.46 |
| Operating Profit | -0.78 | 0.59 | 1.47 | 2.18 | 3.45 | 2.74 | 2.31 | 2.64 | 3.16 | 1.66 | 1.09 | -4.15 | 4.74 |
| OPM % | -4.8% | 2.77% | 11.39% | 4.71% | 7.45% | 5.64% | 5.8% | 6.37% | 10.93% | 2.49% | 2.18% | -6.66% | 8.29% |
| Other Income | 3 | 1.09 | 0.21 | 0.17 | 24.85 | 0.65 | 1.71 | 0.69 | 0.71 | 0.63 | 1.88 | 16.8 | 1.19 |
| Interest | 0 | 0 | 0 | 0 | 0.01 | 0 | 0.03 | 0.01 | 0 | 0.32 | 1.01 | 1.14 | 0.27 |
| Depreciation | 0.93 | 0.92 | 0.88 | 0.79 | 0.83 | 0.9 | 0.87 | 1.02 | 1.07 | 1.06 | 1.03 | 1.02 | 0.97 |
| PBT | 1.29 | 0.76 | 0.8 | 1.56 | 27.46 | 2.49 | 3.12 | 2.3 | 2.8 | 0.91 | 0.93 | 10.49 | 4.69 |
| Tax % | 2.33% | 0% | 3.75% | 5.13% | 15% | 0.8% | 3.85% | -65.22% | 11.07% | 12.09% | 23.66% | 23.55% | 25.16% |
| Net Profit | 1.25 | 0.76 | 0.77 | 1.48 | 23.34 | 2.47 | 3 | 3.79 | 2.49 | 0.8 | 0.72 | 8.14 | 3.52 |
| EPS in Rs | 0.03 | 0.02 | 0.02 | 0.03 | 0.5 | 0.04 | 0.05 | 0.06 | 0.03 | 0.01 | 0.01 | 0.08 | 0.04 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 182 | 164 | 173 | 95 | 148 | 65 | 13 | 20 | 40 | 97 | 176 | 208 | 236 |
| Expenses | 166 | 162 | 161 | 98 | 157 | 78 | 94 | 30 | 44 | 93 | 165 | 206 | 233 |
| Operating Profit | 15 | 2 | 12 | -3 | -9 | -13 | -82 | -10 | -4 | 4 | 11 | 2 | 3 |
| OPM % | 8% | 1.5% | 7% | -2.8% | -6% | -20% | -651% | -48% | -10% | 3.7% | 6% | 0.8% | 1.4% |
| Other Income | 2 | 5 | 0 | 0 | 1 | 9 | 0 | 14 | 7 | 4 | 28 | 20 | 20 |
| Interest | 11 | 12 | 12 | 10 | 7 | 6 | 6 | 1 | 0 | 0 | 0 | 2 | 3 |
| Depreciation | 6 | 11 | 9 | 8 | 7 | 6 | 5 | 4 | 3 | 4 | 4 | 4 | 4 |
| PBT | 1 | -15 | -9 | -21 | -22 | -16 | -92 | 0 | 0 | 4 | 35 | 15 | 17 |
| Tax % | 103% | -13% | -35% | -14% | -6% | -13% | -19% | 1622% | -669% | 3% | 8% | 21% | — |
| Net Profit | 0 | -13 | -6 | -18 | -20 | -14 | -74 | -6 | 2 | 4 | 33 | 12 | 13 |
| EPS in Rs | 0 | -0.36 | -0.16 | -0.48 | -0.55 | -0.37 | -2.01 | -0.15 | 0.04 | 0.09 | 0.49 | 0.12 | 0.14 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 33 | 42 | 59 | 89 |
| Reserves | 77 | 64 | 60 | 42 | 22 | 8 | -66 | -47 | -16 | 15 | 106 | 217 |
| Borrowings | 86 | 96 | 101 | 82 | 74 | 76 | 93 | 79 | 67 | 37 | 18 | 239 |
| Other Liabilities | 69 | 67 | 75 | 89 | 86 | 85 | 72 | 39 | 35 | 44 | 15 | 21 |
| Total Liabilities | 247 | 242 | 252 | 229 | 198 | 184 | 115 | 87 | 120 | 138 | 198 | 566 |
| Fixed Assets | 61 | 56 | 48 | 42 | 34 | 29 | 24 | 21 | 25 | 21 | 28 | 100 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44 |
| Other Assets | 187 | 186 | 204 | 187 | 164 | 155 | 90 | 66 | 96 | 117 | 170 | 421 |
| Total Assets | 247 | 242 | 252 | 229 | 198 | 184 | 115 | 87 | 120 | 138 | 198 | 566 |
Cash Flow
| Particulars | 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 | -7 | -3 | 4 | 20 | 8 | 4 | -19 | -21 | 0 | -32 | -47 | — |
| Investing | 5 | 4 | -2 | -2 | 1 | 0 | 0 | 0 | -7 | 0 | -10 | — |
| Financing | -3 | -1 | -1 | -19 | -9 | -4 | 18 | 21 | 35 | 4 | 57 | — |
| Net Cash Flow | -6 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 28 | -28 | 0 | — |
| Free Cash Flow | -29 | -9 | 1 | 18 | 9 | 4 | -19 | -21 | -7 | -33 | -57 | — |
| CFO/OP | -49 | -110 | 36 | -797 | -89 | -31 | 23 | 223 | 8 | -903 | -418 | — |
Ratios
| Particulars | 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 | 197 | 242 | 282 | 430 | 272 | 620 | 1,167 | 360 | 232 | 226 | 272 | 208 |
| Inventory Days | 116 | 122 | 114 | 204 | 90 | 155 | 187 | 295 | 74 | 54 | 19 | 59 |
| Days Payable | 105 | 101 | 154 | 188 | 141 | 271 | 391 | 404 | 157 | 104 | 31 | 34 |
| Cash Conversion Cycle | 209 | 263 | 242 | 446 | 221 | 504 | 963 | 251 | 149 | 176 | 260 | 232 |
| Working Capital Days | 68 | 89 | 69 | 38 | -2 | -53 | -2,096 | 10 | 22 | 179 | 277 | 614 |
| ROCE % | 6% | -2% | 2% | -7% | -7% | -9% | -121% | -23% | 0% | 5% | 8% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shah Metacorp insights
62 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Acquisition
24 Apr - Board approved Rs 52,000 investment for 26% stake in Strike Eco Grid Private Limited by 15.05.2026. 24 Apr - Board approved Rs 52,000 investment for 26% stake in Strike Eco Grid Private Limited by 15.05.2026.
2
Announcement under Regulation 30 (LODR)-Acquisition
10h - Board approved Rs 52,000 investment for 26% stake in Strike Eco Grid Private Limited by 15.05.2026. 10h - Board approved Rs 52,000 investment for 26% stake in Strike Eco Grid Private Limited by 15.05.2026.
3
Announcement under Regulation 30 (LODR)-Acquisition
23 Apr - Board approved 26% stake in Strike Eco Grid Private Limited for Rs. 52,000 by 15.05.2026. 23 Apr - Board approved 26% stake in Strike Eco Grid Private Limited for Rs. 52,000 by 15.05.2026.
4
Announcement under Regulation 30 (LODR)-Acquisition
7h - Board approved 26% stake in Strike Eco Grid Private Limited for Rs. 52,000 by 15.05.2026. 7h - Board approved 26% stake in Strike Eco Grid Private Limited for Rs. 52,000 by 15.05.2026.
5
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
20 Apr - Section 9 IBC petition in Tejomay Exim case dismissed after mutual settlement and payment receipt. 20 Apr - Section 9 IBC petition in Tejomay Exim case dismissed after mutual settlement and payment receipt.
Frequently Asked Questions about Shah Metacorp
What does Shah Metacorp Ltd do?
Shah Metacorp Ltd, formerly Gyscoal Alloys Ltd, manufactures stainless-steel long products
at Mehsana, Gujarat. Its range includes ingots, angles, flats, round/bright bars and metal-processing job work. The consolidated
group also has agro and commodity-
trading businesses.[1]
Where is Shah Metacorp Ltd (SHAH) listed?
Shah Metacorp Ltd trades as SHAH on the NSE and under code 533275 on the BSE.
Which sector does Shah Metacorp Ltd belong to?
Shah Metacorp Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Shah Metacorp Ltd?
Shah Metacorp Ltd has a market capitalisation of ₹349.64 Cr, which places it in the Small Cap band.
What is the PE ratio of Shah Metacorp Ltd?
Shah Metacorp Ltd trades at a PE ratio of 25.07, against a book value of ₹3.6 per share.
What is the 52-week high and low of Shah Metacorp Ltd?
Over the last 52 weeks Shah Metacorp Ltd has traded between ₹2.56 and ₹5.84.
What is the Return on Equity (ROE) of Shah Metacorp Ltd?
Shah Metacorp Ltd reported a return on equity of 19.71%. Its debt-to-equity ratio is 0.78.
Company Information
Shah Metacorp Ltd, formerly Gyscoal Alloys Ltd, manufactures stainless-steel long products at Mehsana, Gujarat. Its range includes ingots, angles, flats, round/bright bars and metal-processing job work. The consolidated group also has agro and commodity- trading businesses.[1]
Website gyscoal.com
CEO Ms. Mona Viral Shah
Employees 96
Listed 2010-10-27
Face Value ₹ 1
Issued Size 88,52,10,866
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