Shah Alloys Ltd

Shah Alloys Ltd

₹ 64.5 -0.71%
24 Apr 12:38 p.m.
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 128 Cr.
  • Current Price 64.5
  • High / Low 94.2 / 38.8
  • Stock P/E
  • Book Value 16.1
  • Dividend Yield 0.00 %
  • ROCE -1.53 %
  • ROE -10.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.47% over past five years.
  • Contingent liabilities of Rs.588 Cr.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
175 207 193 216 219 258 187 133 154 154 160 181 145
170 178 185 167 189 222 184 129 151 159 156 177 152
Operating Profit 5 30 8 48 31 36 3 5 3 -5 4 4 -7
OPM % 3% 14% 4% 22% 14% 14% 2% 3% 2% -4% 3% 2% -5%
4 16 9 0 0 0 0 0 0 0 0 0 -16
Interest 1 0 0 1 1 1 1 0 1 1 1 1 1
Depreciation 3 3 3 3 3 3 2 2 2 2 2 2 2
Profit before tax 6 43 14 45 27 32 0 2 0 -9 1 0 -26
Tax % 526% 163% 10% 25% 40% 12% 26% 26% 24% 24% 18% 13% 10%
-29 -23 4 34 16 29 0 2 0 -6 1 0 -24
EPS in Rs -14.71 -11.77 1.86 16.94 8.21 14.47 0.17 1.26 0.16 -3.22 0.35 0.18 -12.18
Raw PDF

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 TTM
261 260 299 480 570 489 502 880 626 638
300 525 306 487 569 545 486 763 622 643
Operating Profit -39 -265 -7 -7 1 -56 16 117 4 -5
OPM % -15% -102% -2% -1% 0% -11% 3% 13% 1% -1%
-36 496 82 142 7 93 41 6 3 -16
Interest 70 23 14 0 0 0 2 2 3 4
Depreciation 39 18 14 14 13 13 13 11 9 9
Profit before tax -184 189 47 121 -6 24 42 109 -5 -33
Tax % 27% 34% 22% 70% 232% 120% 231% 25% 29%
-140 121 36 36 8 -5 -56 82 -3 -29
EPS in Rs -70.95 61.09 18.43 17.99 3.80 -2.35 -28.19 41.47 -1.62 -14.87
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 9%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 25%
TTM: -144%
Stock Price CAGR
10 Years: 31%
5 Years: 32%
3 Years: 79%
1 Year: 29%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -10%

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 Sep 2023
Equity Capital 20 20 20 20 20 20 20 20 20 20
Reserves -735 -400 -295 -193 -186 -38 -74 13 11 12
653 419 338 263 238 209 184 117 74 71
801 587 566 368 448 241 175 172 197 178
Total Liabilities 738 626 628 457 520 431 305 322 301 281
175 157 143 131 119 106 93 82 73 69
CWIP 13 9 9 9 9 9 9 9 9 9
Investments 0 0 0 0 0 0 0 6 7 7
551 460 476 317 392 316 202 225 212 196
Total Assets 738 626 628 457 520 431 305 322 301 281

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
49 78 124 14 121 151 68 45
6 0 -1 -1 0 0 0 0
-53 -80 -124 -13 -121 -150 -70 -46
Net Cash Flow 2 -1 -1 -1 -0 1 -1 -0

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
Debtor Days 21 14 9 3 18 18 10 6 9
Inventory Days 160 158 241 89 114 87 75 74 90
Days Payable 117 140 164 53 105 148 138 73 103
Cash Conversion Cycle 64 32 85 39 27 -43 -53 7 -4
Working Capital Days -1,031 -740 -554 -209 -223 -112 -45 -3 -28
ROCE % -39% -26% 2% -51% 17% 80% -2%

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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