Shah Metacorp Ltd

Shah Metacorp Ltd

₹ 3.88 -2.27%
19 Nov 1:41 p.m.
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 244 Cr.
  • Current Price 3.88
  • High / Low 5.50 / 2.72
  • Stock P/E 24.0
  • Book Value 4.92
  • Dividend Yield 0.00 %
  • ROCE 7.63 %
  • ROE 8.72 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.78 times its book value
  • Company has delivered good profit growth of 22.1% 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 might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.74 Cr.
  • Company has high debtors of 272 days.
  • Promoter holding has decreased over last 3 years: -9.04%
  • Working capital days have increased from 160 days to 277 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3.25 15.40 20.68 16.24 21.33 12.91 46.28 46.29 48.54 39.86 41.46 28.90 66.77
4.46 13.98 27.31 17.02 20.74 11.44 44.10 42.84 45.80 37.55 38.82 25.74 65.11
Operating Profit -1.21 1.42 -6.63 -0.78 0.59 1.47 2.18 3.45 2.74 2.31 2.64 3.16 1.66
OPM % -37.23% 9.22% -32.06% -4.80% 2.77% 11.39% 4.71% 7.45% 5.64% 5.80% 6.37% 10.93% 2.49%
2.87 1.41 0.06 3.00 1.09 0.21 0.17 24.85 0.65 1.71 0.69 0.71 0.63
Interest 0.13 0.00 0.14 0.00 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.00 0.32
Depreciation 0.74 0.72 0.71 0.93 0.92 0.88 0.79 0.83 0.90 0.87 1.02 1.07 1.06
Profit before tax 0.79 2.11 -7.42 1.29 0.76 0.80 1.56 27.46 2.49 3.12 2.30 2.80 0.91
Tax % -24.05% -4.27% -15.63% 2.33% 0.00% 3.75% 5.13% 15.00% 0.80% 3.85% -66.09% 11.07% 12.09%
0.98 2.21 -6.25 1.25 0.76 0.77 1.48 23.34 2.47 3.00 3.81 2.49 0.79
EPS in Rs 0.03 0.07 -0.19 0.04 0.02 0.02 0.04 0.56 0.04 0.05 0.06 0.04 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 97 176 177
266 166 162 161 98 157 78 94 30 44 93 165 167
Operating Profit 11 15 2 12 -3 -9 -13 -82 -10 -4 4 11 10
OPM % 4% 8% 1% 7% -3% -6% -20% -651% -48% -10% 4% 6% 6%
4 2 5 0 0 1 9 0 14 7 4 28 4
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 9
Tax % 37% 103% -13% -35% -14% -6% -13% -19% 1,622% -669% 3% 8%
1 -0 -13 -6 -18 -20 -14 -74 -6 2 4 33 10
EPS in Rs 0.02 0.00 -0.40 -0.18 -0.54 -0.61 -0.41 -2.24 -0.17 0.05 0.10 0.55 0.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 22%
3 Years: 106%
TTM: 15%
Compounded Profit Growth
10 Years: 58%
5 Years: 22%
3 Years: 43%
TTM: 46%
Stock Price CAGR
10 Years: 4%
5 Years: 11%
3 Years: 20%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
79 86 96 101 82 74 76 93 79 67 37 18 65
88 69 67 75 89 86 85 72 39 35 44 15 103
Total Liabilities 260 247 242 252 229 198 184 115 87 120 138 198 478
30 61 56 48 42 34 29 24 21 25 21 28 102
CWIP 15 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 47
215 187 186 204 187 164 155 90 66 96 117 170 330
Total Assets 260 247 242 252 229 198 184 115 87 120 138 198 478

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 8 4 -11 -21 -0 -32 -47
-10 5 4 -2 -2 1 0 0 0 -7 -0 -10
-10 -3 -1 -1 -19 -9 -4 11 21 35 4 57
Net Cash Flow 3 -6 -1 1 -0 -0 0 -0 0 28 -28 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 1,167 360 232 226 272
Inventory Days 86 116 122 114 204 90 155 187 295 74 54 19
Days Payable 92 105 101 154 188 141 271 391 404 157 104 31
Cash Conversion Cycle 102 209 263 242 446 221 504 963 251 149 176 260
Working Capital Days 21 68 89 69 38 -2 -53 -2,096 10 22 179 277
ROCE % 7% 6% -2% 2% -7% -7% -9% -121% -23% 0% 5% 8%

Shareholding Pattern

Numbers in percentages

12 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
38.19% 39.52% 39.52% 36.17% 36.17% 36.20% 36.18% 29.81% 30.88% 30.88% 33.17% 29.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.04%
61.80% 60.47% 60.48% 63.83% 63.84% 63.80% 63.81% 70.13% 69.13% 69.13% 66.78% 70.81%
No. of Shareholders 37,36037,76637,95743,51154,36866,90382,3571,08,5031,12,7131,19,8471,23,4041,19,898

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls