Shah Alloys Ltd

Shah Alloys Ltd

₹ 61.8 1.40%
21 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 120 Cr.
  • Current Price 61.8
  • High / Low 94.2 / 38.8
  • Stock P/E 8.03
  • Book Value 37.7
  • Dividend Yield 0.00 %
  • ROCE 5.09 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.47% over past five years.
  • Tax rate seems low
  • Contingent liabilities of Rs.565 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.16.9 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
174.85 207.42 193.15 215.73 219.36 257.91 187.48 133.21 153.65 153.65 159.56 180.59 144.68
169.54 177.61 185.21 167.24 188.82 229.12 188.11 128.63 152.20 163.39 155.52 176.91 151.66
Operating Profit 5.31 29.81 7.94 48.49 30.54 28.79 -0.63 4.58 1.45 -9.74 4.04 3.68 -6.98
OPM % 3.04% 14.37% 4.11% 22.48% 13.92% 11.16% -0.34% 3.44% 0.94% -6.34% 2.53% 2.04% -4.82%
4.39 16.19 9.32 11.04 7.48 0.00 0.00 21.21 0.00 0.00 6.87 1.60 8.43
Interest 0.64 0.03 0.03 0.82 0.77 0.57 0.75 0.34 0.52 0.98 1.05 1.06 1.04
Depreciation 3.25 3.24 2.82 2.83 2.82 2.82 2.24 2.24 2.23 2.24 2.23 2.23 2.23
Profit before tax 5.81 42.73 14.41 55.88 34.43 25.40 -3.62 23.21 -1.30 -12.96 7.63 1.99 -1.82
Tax % 525.65% 162.77% 9.78% 20.24% 31.05% 15.12% -3.31% 2.24% -6.92% 15.97% 1.83% 2.51% 145.05%
-24.73 -26.82 13.00 44.57 23.74 21.56 -3.74 22.69 -1.39 -10.89 7.49 1.94 0.82
EPS in Rs -12.49 -13.55 6.57 22.51 11.99 10.89 -1.89 11.46 -0.70 -5.50 3.78 0.98 0.41
Raw PDF
Upcoming result date: 28 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
758 585 419 261 260 299 480 570 489 502 880 626 638
877 635 486 340 278 300 480 569 555 486 763 622 647
Operating Profit -119 -50 -67 -80 -18 -1 -1 1 -66 16 117 4 -9
OPM % -16% -9% -16% -31% -7% -0% -0% 0% -13% 3% 13% 1% -1%
3 4 4 4 248 82 142 -0 93 45 27 13 17
Interest 92 92 93 70 23 14 0 0 0 2 2 3 4
Depreciation 32 31 30 39 18 14 14 13 13 13 11 9 9
Profit before tax -240 -169 -187 -184 189 53 127 -12 14 47 130 5 -5
Tax % 33% 40% 31% 27% 34% 19% 67% 106% 204% 211% 21% -25%
-161 -101 -129 -135 124 43 42 1 -14 -52 103 7 -1
EPS in Rs -81.52 -50.85 -64.95 -68.28 62.83 21.76 21.26 0.38 -7.32 -26.09 51.96 3.38 -0.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 5%
3 Years: 9%
TTM: -13%
Compounded Profit Growth
10 Years: 8%
5 Years: 20%
3 Years: 28%
TTM: -62%
Stock Price CAGR
10 Years: 25%
5 Years: 34%
3 Years: 71%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves -364 -464 -593 -729 -391 -280 -171 -171 -33 -65 38 45 55
883 881 738 653 419 338 263 238 209 184 117 74 71
391 480 717 801 587 566 368 448 241 175 172 197 178
Total Liabilities 930 916 882 744 635 644 479 535 437 314 346 335 323
276 246 216 175 157 143 131 119 106 93 82 73 69
CWIP 18 18 18 13 9 9 9 9 9 9 9 9 9
Investments 40 40 40 5 9 15 22 15 5 9 30 41 50
596 612 608 551 460 476 317 392 316 202 225 212 196
Total Assets 930 916 882 744 635 644 479 535 437 314 346 335 323

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-10 -8 2 2 49 78 124 14 121 151 68 45
6 1 0 74 6 0 -1 -1 0 0 0 0
4 5 -2 -76 -53 -80 -124 -13 -121 -150 -70 -46
Net Cash Flow 0 -2 -0 0 2 -1 -1 -1 -0 1 -1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53 42 27 21 14 9 3 18 18 10 6 9
Inventory Days 82 113 120 160 158 241 89 114 87 75 74 90
Days Payable 80 104 135 117 140 164 53 105 148 138 73 103
Cash Conversion Cycle 55 51 12 64 32 85 39 27 -43 -53 7 -4
Working Capital Days -76 -208 -480 -1,031 -740 -554 -209 -223 -112 -45 -3 -28
ROCE % -23% -16% -31% -137% -21% -14% -6% -55% 19% 84% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.75% 53.80% 53.80% 53.77% 53.75% 53.75% 53.75% 53.75% 53.75% 53.77% 53.78% 53.78%
0.00% 0.00% 0.01% 0.02% 0.04% 0.02% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
46.25% 46.20% 46.18% 46.21% 46.22% 46.23% 46.25% 46.26% 46.24% 46.22% 46.22% 46.22%
No. of Shareholders 7,5637,5778,7319,5669,69310,0689,8259,7599,9139,8489,4949,456

* 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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