Shah Metacorp Ltd
Incorporated in 1999, Shah Metacorp Ltd manufactures and sells diverse range of SS products[1]
- Market Cap ₹ 479 Cr.
- Current Price ₹ 4.86
- High / Low ₹ 5.85 / 2.99
- Stock P/E 45.9
- Book Value ₹ 3.05
- Dividend Yield 0.00 %
- ROCE 5.44 %
- ROE 4.48 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 29.2%
- Company has a low return on equity of 6.31% over last 3 years.
- Contingent liabilities of Rs.164 Cr.
- Earnings include an other income of Rs.15.4 Cr.
- Company has high debtors of 225 days.
- Promoter holding has decreased over last 3 years: -10.4%
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 182 | 164 | 173 | 95 | 148 | 65 | 13 | 20 | 40 | 92 | 171 | 168 | |
| 166 | 162 | 161 | 98 | 157 | 78 | 94 | 30 | 44 | 88 | 160 | 166 | |
| Operating Profit | 16 | 2 | 12 | -3 | -9 | -13 | -82 | -10 | -4 | 4 | 11 | 2 |
| OPM % | 9% | 2% | 7% | -3% | -6% | -20% | -651% | -48% | -10% | 4% | 6% | 1% |
| 2 | 5 | 0 | 0 | 1 | 9 | 0 | 14 | 7 | 4 | 28 | 15 | |
| Interest | 11 | 12 | 12 | 10 | 7 | 6 | 6 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 6 | 11 | 9 | 8 | 7 | 6 | 5 | 4 | 3 | 4 | 4 | 4 |
| Profit before tax | 1 | -15 | -9 | -21 | -22 | -16 | -92 | 0 | -0 | 4 | 35 | 14 |
| Tax % | 81% | -13% | -35% | -14% | -6% | -13% | -19% | 1,622% | -669% | 3% | 8% | 23% |
| 0 | -13 | -6 | -18 | -20 | -14 | -74 | -6 | 2 | 4 | 32 | 10 | |
| EPS in Rs | 0.01 | -0.36 | -0.16 | -0.48 | -0.55 | -0.37 | -2.01 | -0.15 | 0.04 | 0.09 | 0.49 | 0.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 68% |
| 3 Years: | 62% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 16% |
| 3 Years: | 85% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 22% |
| 3 Years: | 16% |
| 1 Year: | 58% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 33 | 42 | 59 | 89 |
| Reserves | 77 | 64 | 60 | 42 | 22 | 8 | -66 | -47 | -16 | 15 | 106 | 213 |
| 81 | 91 | 97 | 77 | 74 | 76 | 93 | 79 | 67 | 37 | 17 | 15 | |
| 66 | 64 | 75 | 89 | 86 | 85 | 72 | 39 | 35 | 39 | 11 | 14 | |
| Total Liabilities | 240 | 235 | 247 | 223 | 198 | 184 | 115 | 87 | 120 | 133 | 193 | 331 |
| 57 | 53 | 46 | 40 | 34 | 29 | 24 | 21 | 25 | 21 | 28 | 26 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90 |
| 177 | 177 | 196 | 178 | 164 | 155 | 90 | 66 | 96 | 112 | 165 | 215 | |
| Total Assets | 240 | 235 | 247 | 223 | 198 | 184 | 115 | 87 | 120 | 133 | 193 | 331 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -7 | -3 | 4 | 20 | 4 | 4 | -11 | -21 | -0 | -32 | -46 | -31 | |
| 5 | 4 | -2 | -2 | 5 | 0 | 0 | 0 | -7 | -0 | -10 | -91 | |
| -3 | -1 | -1 | -19 | -9 | -4 | 11 | 21 | 35 | 4 | 56 | 124 | |
| Net Cash Flow | -6 | -1 | 1 | -0 | -0 | 0 | -0 | 0 | 28 | -28 | -0 | 2 |
| Free Cash Flow | -28 | -9 | 1 | 18 | 3 | 4 | -11 | -21 | -7 | -33 | -56 | -33 |
| CFO/OP | -46% | -103% | 36% | -797% | -47% | -31% | 14% | 223% | 8% | -918% | -426% | -1,301% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 197 | 242 | 282 | 430 | 272 | 620 | 1,167 | 360 | 232 | 219 | 270 | 225 |
| Inventory Days | 116 | 122 | 114 | 204 | 90 | 155 | 187 | 295 | 74 | 57 | 20 | 73 |
| Days Payable | 105 | 101 | 154 | 188 | 141 | 271 | 391 | 404 | 157 | 88 | 22 | 34 |
| Cash Conversion Cycle | 209 | 263 | 242 | 446 | 221 | 504 | 963 | 251 | 149 | 188 | 268 | 264 |
| Working Capital Days | 56 | 76 | 74 | 48 | -2 | -53 | -2,096 | 10 | 22 | 188 | 284 | 345 |
| ROCE % | 7% | -2% | 2% | -7% | -8% | -9% | -121% | -23% | 0% | 5% | 7% | 5% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Actual Production Volume - Melting Division MT |
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| Installed Capacity - Rolling Division MTPA |
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| Number of Permanent Employees Count |
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| Actual Production Volume - Rolling Division/Finished Products MT |
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| Asset Rotation (Working Capital Cycle) Times per year |
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| Export Sales as % of Total Sales % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual secretarial compliance report for FY2026; Rs2 lakh SEBI penalty paid, insolvency matters settled and closed.
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STATEMENT OF DEVIATION OR VARIATION IN THE USE OF PROCEEDS OF FUND RAISED THROUGH PREFERENTIAL ALLOTMENT.
30 May - Statement of deviation: 4.4 crore convertible warrants allotted in June 2025; no funds raised or pending utilization in Q4 FY26.
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Clarification And Rectification In The Rights Issue Timeline.
29 May - Clarifies rights issue timeline: 10.25 crore shares at ₹4.86, opening June 11, closing June 24, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
26 May - Board approved FY26 audited results on May 26, 2026; reappointed internal auditor DDH & Associates and Executive Director Mahendra Shukla.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Business Overview:[1]
Company is a manufacturer, exporter and supplier of Stainless Steel long Products viz. Stainless Steel Bars, and Mild Steel