Shah Metacorp Ltd

Shah Metacorp Ltd

₹ 4.78 -3.63%
09 Mar - close price
About

Incorporated in 1999, Shah Metacorp Ltd manufactures and sells diverse range of SS products[1]

Key Points

Business Overview:[1]
Company is a manufacturer, exporter and supplier of Stainless Steel long Products viz. Stainless Steel Bars, and Mild Steel

  • Market Cap 423 Cr.
  • Current Price 4.78
  • High / Low 5.56 / 2.72
  • Stock P/E 58.1
  • Book Value 3.49
  • Dividend Yield 0.00 %
  • ROCE 7.43 %
  • ROE 8.48 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 29.2%
  • Tax rate seems low
  • Contingent liabilities of Rs.164 Cr.
  • Company has high debtors of 270 days.
  • Promoter holding has decreased over last 3 years: -9.04%
  • Working capital days have increased from 165 days to 284 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
15.40 20.68 16.24 21.33 12.91 41.39 44.88 48.54 35.89 41.46 28.90 39.81 45.81
13.98 27.31 17.02 20.74 11.44 39.27 41.49 45.78 33.93 38.76 25.70 38.52 44.39
Operating Profit 1.42 -6.63 -0.78 0.59 1.47 2.12 3.39 2.76 1.96 2.70 3.20 1.29 1.42
OPM % 9.22% -32.06% -4.80% 2.77% 11.39% 5.12% 7.55% 5.69% 5.46% 6.51% 11.07% 3.24% 3.10%
1.41 0.06 3.00 1.09 0.21 0.17 24.85 0.65 1.71 0.69 0.71 0.19 0.40
Interest 0.00 0.14 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.00 0.00
Depreciation 0.72 0.71 0.93 0.92 0.88 0.79 0.83 0.90 0.87 1.02 1.07 1.05 1.03
Profit before tax 2.11 -7.42 1.29 0.76 0.80 1.50 27.40 2.51 2.78 2.37 2.84 0.43 0.79
Tax % -4.27% -15.63% 2.33% 0.00% 3.75% 5.33% 15.04% 0.80% 1.08% -63.29% 10.92% 25.58% 27.85%
2.21 -6.25 1.25 0.76 0.77 1.42 23.27 2.48 2.74 3.86 2.53 0.32 0.57
EPS in Rs 0.07 -0.19 0.04 0.02 0.02 0.03 0.55 0.04 0.05 0.06 0.04 0.00 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
277 182 164 173 95 148 65 13 20 40 92 171 156
266 166 162 161 98 157 78 94 30 44 88 160 147
Operating Profit 11 16 2 12 -3 -9 -13 -82 -10 -4 4 11 9
OPM % 4% 9% 2% 7% -3% -6% -20% -651% -48% -10% 4% 6% 6%
4 2 5 0 0 1 9 0 14 7 4 28 2
Interest 11 11 12 12 10 7 6 6 1 0 0 0 0
Depreciation 4 6 11 9 8 7 6 5 4 3 4 4 4
Profit before tax 1 1 -15 -9 -21 -22 -16 -92 0 -0 4 35 6
Tax % 37% 81% -13% -35% -14% -6% -13% -19% 1,622% -669% 3% 8%
1 0 -13 -6 -18 -20 -14 -74 -6 2 4 32 7
EPS in Rs 0.02 0.01 -0.40 -0.18 -0.54 -0.61 -0.41 -2.24 -0.17 0.05 0.10 0.54 0.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 21%
3 Years: 104%
TTM: -9%
Compounded Profit Growth
10 Years: 47%
5 Years: 22%
3 Years: 42%
TTM: -17%
Stock Price CAGR
10 Years: 5%
5 Years: 20%
3 Years: 21%
1 Year: 44%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 16 16 16 16 16 16 16 16 16 33 42 59 89
Reserves 77 77 64 60 42 22 8 -66 -47 -16 15 106 221
75 81 91 97 77 74 76 93 79 67 37 17 1
84 66 64 75 89 86 85 72 39 35 39 11 15
Total Liabilities 252 240 235 247 223 198 184 115 87 120 133 193 325
26 57 53 46 40 34 29 24 21 25 21 28 27
CWIP 15 0 0 0 0 0 0 0 0 0 0 0 0
Investments 6 6 6 6 6 0 0 0 0 0 0 0 89
205 177 177 196 178 164 155 90 66 96 112 165 209
Total Assets 252 240 235 247 223 198 184 115 87 120 133 193 325

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
23 -7 -3 4 20 4 4 -11 -21 -0 -32 -46
-4 5 4 -2 -2 5 0 0 0 -7 -0 -10
-15 -3 -1 -1 -19 -9 -4 11 21 35 4 56
Net Cash Flow 3 -6 -1 1 -0 -0 0 -0 0 28 -28 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 109 197 242 282 430 272 620 1,167 360 232 219 270
Inventory Days 86 116 122 114 204 90 155 187 295 74 57 20
Days Payable 92 105 101 154 188 141 271 391 404 157 88 22
Cash Conversion Cycle 102 209 263 242 446 221 504 963 251 149 188 268
Working Capital Days 13 56 76 74 48 -2 -53 -2,096 10 22 188 284
ROCE % 7% 7% -2% 2% -7% -8% -9% -121% -23% 0% 5% 7%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Actual Production Volume - Melting Division
MT

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Installed Capacity - Melting Division
MTPA
Installed Capacity - Rolling Division
MTPA
Number of Permanent Employees
Count
Actual Production Volume - Rolling Division/Finished Products
MT
Asset Rotation (Working Capital Cycle)
Times per year
Export Sales as % of Total Sales
%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
39.52% 39.52% 36.17% 36.17% 36.20% 36.18% 29.81% 30.88% 30.88% 33.17% 29.15% 29.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.04% 0.04%
60.47% 60.48% 63.83% 63.84% 63.80% 63.81% 70.13% 69.13% 69.13% 66.78% 70.81% 70.79%
No. of Shareholders 37,76637,95743,51154,36866,90382,3571,08,5031,12,7131,19,8471,23,4041,19,8981,15,455

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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