Shah Alloys Ltd

Shah Alloys Ltd

₹ 55.2 2.30%
30 May - close price
About

Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]

Key Points

Business Overview:[1]
SAL is an ISO 9001:2008 accredited company which manufactures a complete range of stainless steel in India. It sells in India and also exports to 50+ countries

  • Market Cap 109 Cr.
  • Current Price 55.2
  • High / Low 113 / 43.3
  • Stock P/E
  • Book Value 20.4
  • Dividend Yield 0.00 %
  • ROCE -21.4 %
  • ROE -51.0 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.71 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -11.4% over past five years.
  • Company has a low return on equity of -4.71% over last 3 years.
  • Contingent liabilities of Rs.54.9 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
258 187 133 154 154 160 181 145 128 119 66 52 30
229 188 129 152 163 156 177 152 137 125 71 64 47
Operating Profit 29 -1 5 1 -10 4 4 -7 -8 -7 -5 -12 -17
OPM % 11% -0% 3% 1% -6% 3% 2% -5% -7% -6% -8% -24% -55%
-0 -0 21 -0 -0 7 2 8 6 -0 22 -0 -0
Interest 1 1 0 1 1 1 1 1 1 1 1 1 1
Depreciation 3 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 25 -4 23 -1 -13 8 2 -2 -5 -10 13 -16 -20
Tax % 15% 3% 2% 7% -16% 2% 3% -145% 41% -22% -15% -4% -4%
22 -4 23 -1 -11 7 2 1 -8 -8 15 -15 -19
EPS in Rs 10.89 -1.89 11.46 -0.70 -5.50 3.78 0.98 0.41 -3.87 -4.05 7.75 -7.71 -9.78
Raw PDF

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
419 261 260 299 480 570 489 502 880 626 592 267
486 340 278 300 480 569 555 486 763 622 610 287
Operating Profit -67 -80 -18 -1 -1 1 -66 16 117 4 -17 -19
OPM % -16% -31% -7% -0% -0% 0% -13% 3% 13% 1% -3% -7%
4 4 248 82 142 -0 93 45 27 13 33 -0
Interest 93 70 23 14 0 0 0 2 2 3 4 4
Depreciation 30 39 18 14 14 13 13 13 11 9 9 9
Profit before tax -187 -184 189 53 127 -12 14 47 130 5 2 -33
Tax % -31% -27% 34% 19% 67% -106% 204% 211% 21% -25% -10% -17%
-129 -135 124 43 42 1 -14 -52 103 7 3 -27
EPS in Rs -64.95 -68.28 62.83 21.76 21.26 0.38 -7.32 -26.09 51.96 3.38 1.30 -13.78
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 0%
5 Years: -11%
3 Years: -33%
TTM: -55%
Compounded Profit Growth
10 Years: 6%
5 Years: 11%
3 Years: %
TTM: -326%
Stock Price CAGR
10 Years: 28%
5 Years: 61%
3 Years: -13%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: %
3 Years: -5%
Last Year: -51%

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
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20
Reserves -593 -729 -391 -280 -171 -171 -33 -65 38 45 47 20
738 653 419 338 263 238 209 184 117 74 80 79
717 801 587 566 368 448 241 175 172 197 166 123
Total Liabilities 882 744 635 644 479 535 437 314 346 335 313 243
216 175 157 143 131 119 106 93 82 73 67 57
CWIP 18 13 9 9 9 9 9 9 9 9 9 9
Investments 40 5 9 15 22 15 5 9 30 41 63 53
608 551 460 476 317 392 316 202 225 212 174 124
Total Assets 882 744 635 644 479 535 437 314 346 335 313 243

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
2 2 49 78 124 14 121 151 68 43 -7
0 74 6 0 -1 -1 0 0 0 0 4
-2 -76 -53 -80 -124 -13 -121 -150 -70 -44 3
Net Cash Flow -0 0 2 -1 -1 -1 -0 1 -1 -0 -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 27 21 14 9 3 18 18 10 6 9 4 2
Inventory Days 120 160 158 241 89 114 87 75 74 90 70 57
Days Payable 135 117 140 164 53 105 148 138 73 103 96 143
Cash Conversion Cycle 12 64 32 85 39 27 -43 -53 7 -4 -22 -85
Working Capital Days -480 -1,031 -740 -554 -209 -223 -112 -45 -3 -28 -44 -120
ROCE % -31% -137% -21% -14% -6% -55% 19% 84% 5% 11% -21%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.75% 53.75% 53.75% 53.75% 53.75% 53.77% 53.78% 53.78% 53.78% 53.78% 53.78% 53.78%
0.04% 0.02% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
46.22% 46.23% 46.25% 46.26% 46.24% 46.22% 46.22% 46.22% 46.22% 46.22% 46.21% 46.22%
No. of Shareholders 9,69310,0689,8259,7599,9139,8489,4949,4569,53810,98310,25910,417

* 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.

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