Shah Metacorp Ltd
Shah Metacorp Ltd, formerly Gyscoal Alloys Ltd, manufactures stainless-steel long products
at Mehsana, Gujarat. Its range includes ingots, angles, flats, round/bright bars and metal-processing job work. The consolidated
group also has agro and commodity-
trading businesses.[1]
- Market Cap ₹ 333 Cr.
- Current Price ₹ 3.34
- High / Low ₹ 5.85 / 2.56
- Stock P/E 25.3
- Book Value ₹ 3.09
- Dividend Yield 0.00 %
- ROCE 4.82 %
- ROE 5.17 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.08 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.1%
- Company has a low return on equity of 6.80% over last 3 years.
- Contingent liabilities of Rs.164 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.20.5 Cr.
- Company has high debtors of 208 days.
- Promoter holding has decreased over last 3 years: -7.44%
- Working capital days have increased from 357 days to 614 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 182 | 164 | 173 | 95 | 148 | 65 | 13 | 20 | 40 | 97 | 176 | 208 | 236 | |
| 166 | 162 | 161 | 98 | 157 | 78 | 94 | 30 | 44 | 93 | 165 | 206 | 233 | |
| Operating Profit | 15 | 2 | 12 | -3 | -9 | -13 | -82 | -10 | -4 | 4 | 11 | 2 | 3 |
| OPM % | 8% | 1.5% | 7% | -2.8% | -6% | -20% | -651% | -48% | -10% | 3.7% | 6% | 0.8% | 1.4% |
| 2 | 5 | 0 | 0 | 1 | 9 | 0 | 14 | 7 | 4 | 28 | 20 | 20 | |
| Interest | 11 | 12 | 12 | 10 | 7 | 6 | 6 | 1 | 0 | 0 | 0 | 2 | 3 |
| Depreciation | 6 | 11 | 9 | 8 | 7 | 6 | 5 | 4 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 1 | -15 | -9 | -21 | -22 | -16 | -92 | 0 | -0 | 4 | 35 | 15 | 17 |
| Tax % | 103% | -13% | -35% | -14% | -6% | -13% | -19% | 1,622% | -669% | 3% | 8% | 21% | |
| -0 | -13 | -6 | -18 | -20 | -14 | -74 | -6 | 2 | 4 | 33 | 12 | 13 | |
| EPS in Rs | 0.00 | -0.36 | -0.16 | -0.48 | -0.55 | -0.37 | -2.01 | -0.15 | 0.04 | 0.09 | 0.49 | 0.12 | 0.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 75% |
| 3 Years: | 73% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 95% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 12% |
| 3 Years: | 6% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 217 |
| 86 | 96 | 101 | 82 | 74 | 76 | 93 | 79 | 67 | 37 | 18 | 239 | |
| 69 | 67 | 75 | 89 | 86 | 85 | 72 | 39 | 35 | 44 | 15 | 21 | |
| Total Liabilities | 247 | 242 | 252 | 229 | 198 | 184 | 115 | 87 | 120 | 138 | 198 | 566 |
| 61 | 56 | 48 | 42 | 34 | 29 | 24 | 21 | 25 | 21 | 28 | 100 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44 |
| 187 | 186 | 204 | 187 | 164 | 155 | 90 | 66 | 96 | 117 | 170 | 421 | |
| Total Assets | 247 | 242 | 252 | 229 | 198 | 184 | 115 | 87 | 120 | 138 | 198 | 566 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 8 | 4 | -19 | -21 | -0 | -32 | -47 | ||
| 5 | 4 | -2 | -2 | 1 | 0 | 0 | 0 | -7 | -0 | -10 | ||
| -3 | -1 | -1 | -19 | -9 | -4 | 18 | 21 | 35 | 4 | 57 | ||
| Net Cash Flow | -6 | -1 | 1 | -0 | -0 | 0 | -0 | 0 | 28 | -28 | -0 | |
| Free Cash Flow | -29 | -9 | 1 | 18 | 9 | 4 | -19 | -21 | -7 | -33 | -57 | |
| CFO/OP | -49% | -110% | 36% | -797% | -89% | -31% | 23% | 223% | 8% | -903% | -418% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 226 | 272 | 208 |
| Inventory Days | 116 | 122 | 114 | 204 | 90 | 155 | 187 | 295 | 74 | 54 | 19 | 59 |
| Days Payable | 105 | 101 | 154 | 188 | 141 | 271 | 391 | 404 | 157 | 104 | 31 | 34 |
| Cash Conversion Cycle | 209 | 263 | 242 | 446 | 221 | 504 | 963 | 251 | 149 | 176 | 260 | 232 |
| Working Capital Days | 68 | 89 | 69 | 38 | -2 | -53 | -2,096 | 10 | 22 | 179 | 277 | 614 |
| ROCE % | 6% | -2% | 2% | -7% | -7% | -9% | -121% | -23% | 0% | 5% | 8% | 5% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees count ・Standalone data |
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| Total Production Volume MT ・Standalone data |
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| Power Consumption per MT of Production KWH/MT ・Standalone data |
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| S.S. Angle Production MT ・Standalone data |
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| S.S. Flat Production MT ・Standalone data |
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| S.S. Ingot Production MT ・Standalone data |
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| S.S. Round Bars Production MT ・Standalone data |
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| S.S. Bright Bar Production MT ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
- Board allotted 65 lakh shares to promoter on September 16, 2026, raising paid-up capital to ₹1,02,63,74,228.
-
Board Meeting Outcome for Submission Of Outcome Of Board Meeting In Compliance With The Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations').
- Board approved allotment of 65 lakh shares to promoter on September 16, 2026 for ₹2.30 crore.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- 2.75 crore shares allotted on warrant conversion; share capital rose to 101.99 crore on 10 Sept 2026.
-
Announcement under Regulation 30 (LODR)-Conversion of Securities
- Board approved allotment of 2.75 crore shares to promoter Mona Viral Shah for ₹9.71 crore.
-
Announcement under Regulation 30 (LODR)-Allotment
- Board approved allotment of 2.75 crore shares to promoter Mona Viral Shah for ₹9.71 crore.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
Business Overview:
The company began with trading iron /steel scrap, billets and long products. It bought a rolling mill in 2005, added steel melting and entered stainless-steel grades in the 200-400 series. It became Shah Metacorp in 2023. Construction steel bars belong to its earlier history.[1] [2]