Shah Metacorp Ltd
Incorporated in 1999, Shah Metacorp Ltd manufactures and sells diverse range of SS products[1]
- Market Cap ₹ 459 Cr.
- Current Price ₹ 5.21
- High / Low ₹ 5.56 / 2.72
- Stock P/E 48.6
- 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 has decreased over last quarter: -4.02%
- Promoter holding is low: 29.2%
- Tax rate seems low
- Contingent liabilities of Rs.164 Cr.
- Earnings include an other income of Rs.3.30 Cr.
- Company has high debtors of 270 days.
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 146 | |
| 266 | 166 | 162 | 161 | 98 | 157 | 78 | 94 | 30 | 44 | 88 | 160 | 137 | |
| 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 | 3 | |
| 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 | 8 |
| 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 | 9 | |
| 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 | 0.15 |
| 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: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | 22% |
| 3 Years: | 42% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| 1 Year: | 29% |
| 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% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Confirmation certificate under SEBI Reg.74(5) for quarter ended Dec 31, 2025 from RTA MUFG Intime.
-
Intimation Of Trading Approval Received From BSE Limited And National Stock Exchange Of India Limited For 25,58,32,190 Equity Shares To Promoter And Non-Promoter On A Preferential Basis.
30 Dec - Listing of 255,832,190 preferential shares at Rs.4.71 floor; trading effective Dec 30, 2025.
-
Intimation Of Trading Approval Received From BSE Limited For 25,58,32,190 Equity Shares Of Rs.1/- Each At A Price Not Less Than Rs. 4.71/- To Promoter And Non-Promoter On A Preferential Basis
30 Dec - Trading approval and listing of 255,832,190 preferential shares at minimum Rs.4.71, effective Dec 30, 2025.
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On December 29, 2025 Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended.
29 Dec - Dec 29, 2025: Board approved Rs50 crore rights issue; loan conversion; USD100,000 US investment; postal ballot.
-
Announcement under Regulation 30 (LODR)-Acquisition
29 Dec - Dec 29, 2025: Board approved up to Rs50 Crore rights issue; USD100,000 US investment; promoter loan conversion; postal ballot.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Business Overview:[1]
Company is a manufacturer, exporter and supplier of Stainless Steel long Products viz. Stainless Steel Bars, and Mild Steel