Shah Metacorp Ltd
Incorporated in 1999, Shah Metacorp Ltd manufactures and sells diverse range of SS products[1]
- Market Cap ₹ 421 Cr.
- Current Price ₹ 4.76
- High / Low ₹ 5.56 / 2.72
- Stock P/E 54.7
- Book Value ₹ 3.50
- Dividend Yield 0.00 %
- ROCE 7.63 %
- ROE 8.72 %
- Face Value ₹ 1.00
Pros
- 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.3.91 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 187 | |
| 266 | 166 | 162 | 161 | 98 | 157 | 78 | 94 | 30 | 44 | 93 | 165 | 179 | |
| Operating Profit | 11 | 15 | 2 | 12 | -3 | -9 | -13 | -82 | -10 | -4 | 4 | 11 | 9 |
| OPM % | 4% | 8% | 1% | 7% | -3% | -6% | -20% | -651% | -48% | -10% | 4% | 6% | 5% |
| 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 | 1 |
| 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 | 7 |
| 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 | 8 | |
| 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 | 0.12 |
| 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: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 58% |
| 5 Years: | 22% |
| 3 Years: | 43% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 16% |
| 3 Years: | 22% |
| 1 Year: | 33% |
| 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21h - SUBMISSION OF COPY OF NEWSPAPER ADVERTISEMENT FOR FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025.
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STATEMENT OF DEVIATION OR VARIATION IN THE USE OF PROCEEDS OF FUND RAISED THROUGH PREFERENTIAL ALLOTMENT.
2d - 24,000,000 warrants (26-Jun-2025) and 20,000,000 warrants (28-Jun-2025) to promoter; pending conversion; no funds raised Q3 2025.
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Board Meeting Outcome for Submission Of Outcome Of Board Meeting In Compliance With The Regulation 30, 33 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations').
2d - Board approved Q3 unaudited results; Rs.88.82Cr receivables, Rs.68.81Cr provision; acquisitions and up to Rs.50Cr rights issue.
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Board Meeting Intimation for Intimation Of Board Meeting In Compliance With Regulation 29 And 33 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations').
3 Feb - Board meets Feb 12, 2026 to approve unaudited Q3 and nine-month results ended Dec 31, 2025.
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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.
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