Shah Alloys
Industrial Products
SHAHALLOYS NSE
₹71.24 +2.24 (+3.25%)
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹71.24 −6.83 −8.75% 1Y
Start ₹78.07
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 0.49%
- Debt to Equity
- 0.56
- EPS (TTM)
- ₹19.21
- Book Value
- ₹56.75
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 1.26
- ROE
- −101.00%
- Dividend Yield
- 0.00%
- EBITDA
- ₹7.10 Cr
- 52W High
- ₹116.85
- 52W Low
- ₹53.10
- Day Range
- ₹67.00 – ₹72.00
- Volume
- 3,701
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr | |
| ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr | |
| ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr | |
| ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr | |
| ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr | |
| ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr | |
| ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr | |
| Shah Alloys (this company) | ₹71.24 | — | ₹133 Cr | 1.26 | 0.00% | −101.00% | 0.49% | ₹109 Cr | ₹38 Cr |
| Median 8 companies | ₹880.28 | 29.51 | ₹16,390 Cr | 3.92 | 0.39% | 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
49 Average
Data confidence 98/100
surveillance:ESM1
Category scores
- Quality
- 46
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 75
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 1
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 68
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 60
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- 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
1- Company has reduced debt.
Weaknesses
5- 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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 5 | 4 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Strong Bearish
Bearish
10
Neutral
5
Bullish
4
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 40.51
- Neutral
- MACD (12,26,9)
- −4.06
- Bullish
- SMA (50)
- 85.19
- Bearish
- SMA (200)
- 71.88
- 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.
Revenue
| 10Y | −17.71% |
|---|---|
| 5Y | −40.64% |
| 3Y | −61.05% |
| 1Y | −86.14% |
Net profit
| 10Y | −1.13% |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | Turned to profit |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Turned negative |
Operating margin· change in pp
| 10Y | +115.43 pp |
|---|---|
| 5Y | +10.32 pp |
| 3Y | +12.87 pp |
| 1Y | +18.38 pp |
Trailing twelve months: The last four quarters end with the latest fiscal year, which the 1Y column covers.
Revenue by year
| Mar 2017 | ₹299 Cr |
|---|---|
| Mar 2018 | ₹480 Cr |
| Mar 2019 | ₹570 Cr |
| Mar 2020 | ₹489 Cr |
| Mar 2021 | ₹502 Cr |
| Mar 2022 | ₹880 Cr |
| Mar 2023 | ₹626 Cr |
| Mar 2024 | ₹592 Cr |
| Mar 2025 | ₹267 Cr |
| Mar 2026 | ₹37.00 Cr |
Net profit by year
| Mar 2017 | ₹36.00 Cr |
|---|---|
| Mar 2018 | ₹36.00 Cr |
| Mar 2019 | ₹8.00 Cr |
| Mar 2020 | −₹5.00 Cr |
| Mar 2021 | −₹56.00 Cr |
| Mar 2022 | ₹82.00 Cr |
| Mar 2023 | −₹3.00 Cr |
| Mar 2024 | −₹19.00 Cr |
| Mar 2025 | −₹20.00 Cr |
| Mar 2026 | ₹108 Cr |
Quarterly Results
₹ CrResults for the period ended Jun 2026 were due by 14 Aug 2026 and are not in this table yet.
| Particulars | 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 | −25.86 | 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 (₹) | −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
₹ Cr| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 261 | 260 | 299 | 480 | 570 | 489 | 502 | 880 | 626 | 592 | 267 | 37 |
| 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 | 5 |
| OPM % | −15% | −102% | −2.4% | −1.5% | 0.1% | −11% | 3.2% | 13% | 0.7% | −3% | −4.7% | 13% |
| Other Income | −36 | 496 | 82 | 142 | 7 | 93 | 41 | 6 | 3 | 12 | 1 | 138 |
| 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 (₹) | −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
₹ Cr| 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 | 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
₹ Cr| 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 | — | 49 | 78 | 124 | 14 | 121 | 57 | 68 | 43 | −7 | 7 | −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 | 8 | 8 |
| CFO/EBITDA | — | −18 | −1,099 | −1,758 | 1,619 | −217 | 351 | 58 | 1,067 | 37 | −55 | −1,420 |
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 | 21 | 14 | 9 | 3 | 18 | 18 | 10 | 6 | 9 | 4 | 2 | 11 |
| 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 | 133 | 25 |
| Cash Conversion Cycle | 64 | 32 | 85 | 39 | 27 | −43 | −53 | 7 | −4 | −22 | −75 | 367 |
| Working Capital Days | −1,475 | −924 | −641 | −209 | −223 | −112 | −125 | −46 | −69 | −91 | −224 | −453 |
| ROCE % | — | — | −39% | −26% | 2% | −51% | 18% | 85% | −2% | −5% | −26% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shah Alloys insights
59 extracted metrics across FY12–FY26.
Documents
- General announcements 8 Oct 2026
Frequently Asked Questions about Shah Alloys
What does Shah Alloys Ltd do?
Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products
Where is Shah Alloys Ltd (SHAHALLOYS) listed?
Shah Alloys Ltd trades as SHAHALLOYS on the NSE and under code 513436 on the BSE.
Which sector does Shah Alloys Ltd belong to?
Shah Alloys Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the 52-week high and low of Shah Alloys Ltd?
Over the last 52 weeks Shah Alloys Ltd has traded between ₹53.1 and ₹116.85 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Shah Alloys Ltd?
Shah Alloys Ltd reported a return on equity of -101.00%. Its debt-to-equity ratio is 0.56.
Company Information
Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products
Website shahalloys.com
CEO Mr. Ashok A. Sharma ACA, ACS
Employees 216
Listed 16 Jun 2005
Face Value ₹10
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