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₹72.79
+26.77% 1Y
Mkt Cap₹144.11 Cr
P/E3.46
P/B1.38
52W High₹113.00
52W Low₹55.03
Book Value₹56.78
EPS (TTM)₹21.05

Company Overview

Shah Alloys Limited engages in the manufacture and sale of stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India and internationally. The company also offers hot rolled coils, sheets, and plates; cold rolled coils and sheets; hot rolled round and flat bars; bright/peeled bars; angles; and beams. In addition, it provides chrome molybdenum, abrasion/wear resistant, quenched and tempered, high tensile, corrosion resistant, tool, pressure vessel, and other alloy steel products. The company also exports its products. Shah Alloys Limited was incorporated in 1990 and is based in Gandhinagar, India.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 95.9%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 115.6%.

Consistent Profit Growth

Net profit has compounded at 1151.6% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 3.5, below the sector median of 20.9.

Recent Developments

  • Mar 2026 Revenue of ₹37.27 Cr (-86.0% YoY); net profit ₹107.73 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -86.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR -61.0%, profit CAGR 1151.6%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-60.96%
1 Year:-86.02%

Compounded Profit Growth

5 Years:1,151.61%
1 Year:-

Stock Price Performance

1 Year:+26.77%
6 Months:+4.51%
3 Months:+9.66%
1 Month:-17.17%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 31% of range
₹55.03 ₹113.00
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)31.58 · Neutral
Price Performance
1M-17.17%
3M+9.66%
6M+4.51%
1Y+26.77%
Valuation vs Sector

P/E of 3.46 is below the sector median of 20.95 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Strong return on equity of 95.9%.
  • Healthy ROCE of 115.6%.
  • Profit CAGR of 1151.6% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -61.0% CAGR over 5 years.
  • Trading 35.6% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
3.46
Industry PE
20.95
Forward P/E est.
1.73
PEG Ratio
-
Book Value
₹56.78
Price to Book
1.38
P/S
11.42
EV/EBITDA
30.75
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
-60.96%
Profit 5Y
1,151.61%
Revenue (YoY)
-86.02%
Earnings (YoY)
-

Profitability & Returns

ROCE
115.58%
ROE
95.88%
ROA
51.89%
Profit Margin
-
Op Margin
9.10%
Gross Margin
60.75%
EPS (Latest Qtr)
₹-4.25
EPS (TTM)
₹21.05

Balance Sheet & Liquidity

Debt/Equity
0.56
Quick Ratio
0.28
Current Ratio
0.49
Debt
₹62.99 Cr
Total Assets
₹207.61 Cr
Current Assets
₹44.07 Cr
Working Capital
₹-45.72 Cr

Ownership

Promoter Holding
64.12%
Chg in Prom Hold
0.97%
FII / Inst Holding
0.00%
Chg in FII Hold
-0.08%

Financial Snapshot

Enterprise Value
₹144.11 Cr
Total Revenue (TTM)
₹13.63 Cr
EBITDA
₹7.14 Cr
Free Cash Flow
₹-89.90 Cr
Operating Cash Flow
₹-71.00 Cr
Shares Outstanding
₹1.98 Cr
Gross Margin
60.75%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SHAHALLOYS Shah Alloys Limited NSEINFRA 72.79 3.46 ₹144.11 Cr 0.00% 115.58% 95.88% -60.96% 1,151.61%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 10,958.00 37.77 ₹3.22 L Cr 2.25% 11.84% 10.66% 11.92% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,220.00 12.04 ₹2.98 L Cr 0.58% 18.75% 22.30% 3.61% 75.28%
4 ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA 2,284.80 45.45 ₹2.19 L Cr 1.19% 24.41% 20.24% 1.10% 1.75%
5 HINDZINC Hindustan Zinc Limited NSEINFRA 518.00 12.82 ₹2.19 L Cr 2.07% 61.97% 61.13% 5.61% 9.58%
6 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 172.33 19.47 ₹2.15 L Cr 2.33% 11.32% 10.56% -1.59% 7.21%
7 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 885.60 12.01 ₹1.97 L Cr 0.56% 9.42% 9.80% 7.10% 9.87%
8 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 2,894.40 34.52 ₹1.96 L Cr 0.35% 3.98% 4.80% 14.30% -10.06%
9 SOLARINDS Solar Industries India Limited NSEINFRA 19,010.00 86.39 ₹1.72 L Cr 0.06% 29.51% 26.72% 12.39% 30.36%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 153.65 Cr159.56 Cr180.59 Cr144.68 Cr128.41 Cr118.55 Cr--29.76 Cr23.64 Cr2.96 Cr10.29 Cr38.00 L
Cost of Revenue --------23.16 Cr20.20 Cr2.59 Cr2.60 Cr7.00 L
Gross Profit --------6.60 Cr3.44 Cr37.00 L7.69 Cr31.00 L
Operating Expenses 159.09 Cr155.52 Cr176.91 Cr151.66 Cr125.76 Cr124.08 Cr--8.59 Cr5.49 Cr2.88 Cr1.81 Cr1.05 Cr
Operating Income -7.68 Cr1.81 Cr1.45 Cr-9.21 Cr44.00 L-7.83 Cr---1.99 Cr-2.05 Cr-2.51 Cr5.88 Cr-74.00 L
EBITDA -5.44 Cr4.04 Cr3.68 Cr-6.98 Cr2.65 Cr-5.53 Cr--23.00 L-41.00 L16.05 Cr61.93 Cr-4.54 Cr
Interest Expense 98.00 L1.05 Cr1.06 Cr1.04 Cr87.00 L1.11 Cr--1.12 Cr1.05 Cr1.08 Cr1.04 Cr44.00 L
Pretax Income -8.66 Cr76.00 L39.00 L-25.85 Cr5.66 Cr-8.94 Cr---3.19 Cr-3.10 Cr13.33 Cr59.20 Cr-6.57 Cr
Tax Provision 2.07 Cr14.00 L5.00 L2.64 Cr2.22 Cr2.20 Cr---83.00 L-78.00 L92.00 L23.10 Cr1.60 Cr
Net Income -6.37 Cr70.00 L35.00 L-24.11 Cr4.41 Cr-6.69 Cr---4.49 Cr-5.76 Cr12.41 Cr38.46 Cr-8.41 Cr
Diluted EPS -3.220.350.18-12.182.23-3.38---2.27-2.916.9319.42-4.25

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 261.00 Cr260.00 Cr299.00 Cr480.00 Cr570.00 Cr489.00 Cr502.00 Cr-626.24 Cr592.38 Cr266.52 Cr37.27 Cr
Cost of Revenue --------510.49 Cr485.15 Cr219.01 Cr25.46 Cr
Gross Profit --------115.75 Cr107.23 Cr47.51 Cr11.81 Cr
Operating Expenses 300.00 Cr525.00 Cr306.00 Cr487.00 Cr569.00 Cr545.00 Cr486.00 Cr-119.36 Cr116.84 Cr66.15 Cr11.23 Cr
Operating Income -78.00 Cr-283.00 Cr-21.00 Cr-21.00 Cr-12.00 Cr-69.00 Cr3.00 Cr--3.61 Cr-9.61 Cr-18.64 Cr58.00 L
EBITDA -39.00 Cr-265.00 Cr-7.00 Cr-7.00 Cr1.00 Cr-56.00 Cr16.00 Cr-6.98 Cr-5.95 Cr-9.45 Cr142.74 Cr
Interest Expense 70.00 Cr23.00 Cr14.00 Cr0002.00 Cr-2.59 Cr4.02 Cr4.48 Cr3.61 Cr
Pretax Income -184.00 Cr189.00 Cr47.00 Cr121.00 Cr-6.00 Cr24.00 Cr42.00 Cr--4.56 Cr-18.88 Cr-23.12 Cr132.57 Cr
Tax Provision 49.68 Cr64.26 Cr10.34 Cr84.70 Cr13.92 Cr28.80 Cr97.02 Cr--1.34 Cr-23.41 L-5.69 Cr24.84 Cr
Net Income -140.00 Cr121.00 Cr36.00 Cr36.00 Cr8.00 Cr-5.00 Cr-56.00 Cr--3.21 Cr-18.65 Cr-19.72 Cr107.73 Cr
Diluted EPS -70.9561.0918.4317.993.80-2.35-28.1941.47-1.62-9.42-9.96-

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 738.00 Cr626.00 Cr628.00 Cr457.00 Cr520.00 Cr431.00 Cr305.00 Cr-300.85 Cr257.29 Cr194.67 Cr207.61 Cr
Current Assets --------130.82 Cr90.92 Cr35.11 Cr44.07 Cr
Cash & Equivalents --------22.95 L21.96 L2.64 Cr1.09 Cr
Inventory --------108.79 Cr82.04 Cr30.10 Cr19.35 Cr
Receivables --------15.04 Cr7.10 Cr1.24 Cr1.08 Cr
Total Liabilities --------270.36 Cr246.04 Cr203.67 Cr95.25 Cr
Current Liabilities --------249.39 Cr238.89 Cr195.86 Cr89.79 Cr
Long Term Debt --------3.68 Cr3.68 Cr3.68 Cr3.68 Cr
Total Debt 653.00 Cr419.00 Cr338.00 Cr263.00 Cr238.00 Cr209.00 Cr168.00 Cr-73.69 Cr80.19 Cr78.92 Cr62.99 Cr
Total Equity -715.00 Cr-380.00 Cr-275.00 Cr-173.00 Cr-166.00 Cr-18.00 Cr-54.00 Cr-30.49 Cr11.24 Cr-9.00 Cr112.36 Cr
Shares Outstanding --------1.98 Cr1.98 Cr1.98 Cr1.98 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -49.00 Cr78.00 Cr124.00 Cr14.00 Cr121.00 Cr57.00 Cr-43.23 Cr-6.27 Cr6.84 Cr-71.00 Cr
Investing Cash Flow -6.00 Cr0-1.00 Cr-1.00 Cr00-29.51 L3.77 Cr1.33 Cr89.00 Cr
Financing Cash Flow --53.00 Cr-80.00 Cr-124.00 Cr-13.00 Cr-121.00 Cr-56.00 Cr--43.54 Cr2.74 Cr-5.75 Cr-19.54 Cr
Capital Expenditure -00-1.00 Cr-1.00 Cr00---5.39 Cr-18.00 L-18.90 Cr
Free Cash Flow -49.00 Cr78.00 Cr123.00 Cr13.00 Cr121.00 Cr57.00 Cr-43.23 Cr-11.66 Cr6.66 Cr-89.90 Cr
Net Change in Cash -2.00 Cr-1.00 Cr-1.00 Cr-1.00 Cr-01.00 Cr--1.50 L24.02 L2.42 Cr-1.54 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------18.5%18.1%17.8%31.7%
Operating Margin % -29.9%-108.8%-7.0%-4.4%-2.1%-14.1%0.6%--0.6%-1.6%-7.0%1.6%
Net Margin % -53.6%46.5%12.0%7.5%1.4%-1.0%-11.2%--0.5%-3.1%-7.4%289.1%
ROE % 19.6%-31.8%-13.1%-20.8%-4.8%27.8%103.7%--10.5%-165.8%219.2%95.9%
ROCE % ---------7.0%-52.2%1,570.5%0.5%

Shareholding Pattern

Insiders
64.12%
Institutions
0.00%
Public Float
0.00%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for SHAHALLOYS

Google News hu, 22 Oct 2026

Total non-current liabilities of Shah Alloys Limited – BSE:SHAHALLOYS - TradingView

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Google News Mon, 19 Oct 2026

Shah Alloys Lower Circuit Today: Price, Data and Peers - Univest

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Google News ue, 18 Aug 2026

Shah Alloys Stock Gains Amid Active Trading - Kalkine India

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Google News Fri, 18 Sep 2026

Shah Alloys shareholders approve steel plant restructuring with 84% support - scanx.trade

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Google News Wed, 16 Sep 2026

Shah Alloys Limited (SHAHALLOYS.NS) Edges Lower as Stock Consolidates Below ₹91 - VOLD Alert - https://www.siam.in/

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Google News hu, 13 Aug 2026

Shah Alloys Ltd. Share Price Action: Fundamentals Check - Univest

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SHAHALLOYS — Frequently Asked Questions

What is the current share price of Shah Alloys Limited (SHAHALLOYS)?

As of 2026-10-24 04:55 IST, Shah Alloys Limited (SHAHALLOYS) trades at ₹72.79 on NSE. Its 52-week range is ₹55.03 to ₹113.00.

What is the market capitalisation of SHAHALLOYS?

Shah Alloys Limited (SHAHALLOYS) has a market capitalisation of ₹144.11 Cr on NSE.

What is the P/E ratio of SHAHALLOYS?

SHAHALLOYS trades at a trailing price-to-earnings (P/E) ratio of 3.46. The industry average P/E is 20.95. Its price-to-book (P/B) ratio is 1.38.

What is the return on equity (ROE) of SHAHALLOYS?

SHAHALLOYS has a return on equity (ROE) of 95.88%. Its return on capital employed (ROCE) is 115.58%.

Is SHAHALLOYS a good stock to buy?

This page provides a data-driven analysis of Shah Alloys Limited (SHAHALLOYS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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