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Shah Metacorp

SHAH NSE
₹2.74 No trade today
P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹2.74 −1.56 −36.3% 1Y
Start ₹4.30

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
4.85%
Debt to Equity
0.78
EPS (TTM)
₹0.14
Book Value
₹3.60
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
0.76
ROE
5.16%
Dividend Yield
0.00%
EBITDA
₹21.80 Cr
52W High
₹5.88
52W Low
₹2.20
Volume
0

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Shah Metacorp peer comparison
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Shah Metacorp (this company)
₹2.74—₹251 Cr0.760.00%5.16%4.85%₹236 Cr₹13 Cr
Median 8 companies₹880.2829.51₹16,390 Cr3.920.39%13.85%18.05%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

37 Weak

Data confidence 98/100

Category scores

Quality
14
Poor
Returns, margins, earnings quality 22% weight
Valuation
37
Weak
Cheap vs sector & own history 24% weight
Growth
94
Strong
Sales & profit trajectory 9% weight
Financial Health
52
Average
Solvency, leverage, coverage 9% weight
Momentum
5
Poor
Trend strength, vol-adjusted 12% weight
Ownership
41
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.94 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: 32.5%
  • Company has a low return on equity of 5.79% 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: -3.66%
  • Working capital days have increased from 357 days to 614 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
42.06
Neutral
MACD (12,26,9)
−0.16
Bullish
SMA (50)
3.15
Bearish
SMA (200)
4.37
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+2.41%
5Y+74.11%
3Y+73.25%
1Y+18.18%
TTM+48.83%

Net profit

Net profit growth by window
10YTurned to profit
5YTurned to profit
3Y+81.71%
1Y−63.64%
TTM+12.17%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹55 Cr
5YOutflow widened by ₹39 Cr
3YTurned negative
1YOutflow widened by ₹11 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−0.26 pp
5Y+631.73 pp
3Y+10.96 pp
1Y−5.29 pp
TTM−5.42 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹173 Cr
Mar 2018₹95.00 Cr
Mar 2019₹148 Cr
Mar 2020₹65.00 Cr
Mar 2021₹13.00 Cr
Mar 2022₹20.00 Cr
Mar 2023₹40.00 Cr
Mar 2024₹97.00 Cr
Mar 2025₹176 Cr
Mar 2026₹208 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹6.00 Cr
Mar 2018−₹18.00 Cr
Mar 2019−₹20.00 Cr
Mar 2020−₹14.00 Cr
Mar 2021−₹74.00 Cr
Mar 2022−₹6.00 Cr
Mar 2023₹2.00 Cr
Mar 2024₹4.00 Cr
Mar 2025₹33.00 Cr
Mar 2026₹12.00 Cr

Quarterly Results

₹ Cr
SHAH quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
1.28
0.76
0.8
1.56
27.46
2.49
3.11
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
3.81
2.49
0.8
0.72
8.14
3.52
EPS (₹)
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

₹ Cr
SHAH profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
20%
—
Net Profit
0
−13
−6
−18
−20
−14
−74
−6
2
4
33
12
13
EPS (₹)
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

₹ Cr
SHAH balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SHAH cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−7
−3
4
20
8
4
−19
−21
0
−32
−47
−58
Investing
5
4
−2
−2
1
0
0
0
−7
0
−10
−220
Financing
−3
−1
−1
−19
−9
−4
18
21
35
4
57
279
Net Cash Flow
−6
−1
1
0
0
0
0
0
28
−28
0
2
Free Cash Flow
−29
−9
1
18
9
4
−19
−21
−7
−33
−57
−60
CFO/EBITDA
−49
−110
36
−797
−89
−31
23
223
8
−903
−418
−3,291

Ratios

SHAH financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shah Metacorp insights

62 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 44.82%
  • Promoters 32.51%
  • Others 22.19%
  • FIIs 0.48%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q3 FY23 concall · Jan 2023
    PPT
  • Q3 FY23 concall · Jan 2023
    PPT

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.
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 Industrial Products sector, in the Iron & Steel Products industry.
What is the 52-week high and low of Shah Metacorp Ltd?
Over the last 52 weeks Shah Metacorp Ltd has traded between ₹2.2 and ₹5.88 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Shah Metacorp Ltd?
Shah Metacorp Ltd reported a return on equity of 5.16%. 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.

Website gyscoal.com
CEO Ms. Mona Viral Shah
Employees 96
Listed 27 Oct 2010
Face Value ₹1

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