Shah Alloys Ltd
Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]
- 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.
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 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21h - Submission of News paper Publication of Audited Financial Results of the company for the quarter and Finacial year ended on 31.03.2025
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Revised Outcome Of Board Meeting Held On 30.05.2025 Due To Inadvertently Standalone Financial Results Was Attached In Place Of Consolidated Financial Results For The Quarter And Financial Year Ended On 31.03.2025 Duly Reviewed By The Audit Committee.
22h - Shah Alloys reports FY25 loss of Rs 27.29 Cr with qualified audit opinion; appoints auditors and amends disclosure code.
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Board Meeting Outcome for Revised Outcome Of Board Meeting Held On 30.05.2024
22h - Shah Alloys reports FY25 audited results with Rs 27.29 Cr loss, qualified audit opinion, and key auditor appointments.
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Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended On 31.03.2025
1d - FY25 audited results with qualified opinion; key audit issues on interest, impairment, and credit loss.
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Announcement under Regulation 30 (LODR)-Meeting Updates
1d - Appointed M/s Kamlesh M. Shah & Co. as secretarial auditor for FY 2025-26 to FY 2029-30.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
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