Shah Alloys Ltd

₹ 69.3 -0.49%

08 Jun - close price

shahalloys.com BSE: 513436 NSE: SHAHALLOYS

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

Website BSE NSE

Market Cap ₹ 134 Cr.
Current Price ₹ 69.3
High / Low ₹ 83.8 / 53.1
Stock P/E
Book Value ₹ 56.8
Dividend Yield 0.00 %
ROCE 0.47 %
ROE -5.79 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -39.9% over past five years.
Company has a low return on equity of -42.5% over last 3 years.
Contingent liabilities of Rs.182 Cr.
Earnings include an other income of Rs.136 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	153.65	159.56	180.59	144.68	128.41	118.55	66.31	52.00	30.37	23.64	2.96	10.58	2.25
	159.09	155.52	176.91	151.66	125.76	124.08	71.40	51.11	30.14	24.05	3.83	3.01	1.40
Operating Profit	-5.44	4.04	3.68	-6.98	2.65	-5.53	-5.09	0.89	0.23	-0.41	-0.87	7.57	0.85
OPM %	-3.54%	2.53%	2.04%	-4.82%	2.06%	-4.66%	-7.68%	1.71%	0.76%	-1.73%	-29.39%	71.55%	37.78%
	0.00	0.00	0.00	-15.60	6.09	0.00	0.05	0.00	0.00	0.00	16.92	54.36	-5.39
Interest	0.98	1.05	1.06	1.04	0.87	1.11	1.11	1.14	1.12	1.05	1.08	1.04	0.44
Depreciation	2.24	2.23	2.23	2.23	2.21	2.30	2.29	2.30	2.30	1.64	1.64	1.69	1.59
Profit before tax	-8.66	0.76	0.39	-25.85	5.66	-8.94	-8.44	-2.55	-3.19	-3.10	13.33	59.20	-6.57
Tax %	-23.90%	18.42%	12.82%	-10.21%	39.22%	-24.61%	-24.05%	-24.71%	-26.02%	-25.16%	6.90%	39.02%	24.35%
	-6.37	0.70	0.35	-24.11	4.41	-6.69	-6.38	-2.16	-4.49	-5.76	13.73	38.46	-8.41
EPS in Rs	-3.22	0.35	0.18	-12.18	2.23	-3.38	-3.22	-1.09	-2.27	-2.91	6.94	19.43	-4.25
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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
	261	260	299	480	570	489	502	880	626	592	267	39
	300	525	306	487	569	545	486	763	622	610	279	32
Operating Profit	-39	-265	-7	-7	1	-56	16	117	4	-17	-13	7
OPM %	-15%	-102%	-2%	-1%	0%	-11%	3%	13%	1%	-3%	-5%	18%
	-36	496	82	142	7	93	41	6	3	12	1	136
Interest	70	23	14	0	0	0	2	2	3	4	4	4
Depreciation	39	18	14	14	13	13	13	11	9	9	9	7
Profit before tax	-184	189	47	121	-6	24	42	109	-5	-19	-25	133
Tax %	-27%	34%	22%	70%	-232%	120%	231%	25%	-29%	-1%	-22%	19%
	-140	121	36	36	8	-5	-56	82	-3	-19	-20	108
EPS in Rs	-70.95	61.09	18.43	17.99	3.80	-2.35	-28.19	41.47	-1.62	-9.42	-9.97	54.42
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-17%
5 Years:	-40%
3 Years:	-60%
TTM:	-85%

Compounded Profit Growth
10 Years:	7%
5 Years:	14%
3 Years:	2%
TTM:	85%

Stock Price CAGR
10 Years:	24%
5 Years:	45%
3 Years:	17%
1 Year:	26%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	-43%
Last Year:	-6%

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	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	-735	-400	-295	-193	-186	-38	-74	13	11	-9	-27	93
	653	419	338	263	238	209	168	117	74	80	79	63
	801	587	566	368	448	241	191	172	197	166	123	32
Total Liabilities	738	626	628	457	520	431	305	322	301	257	195	208
	175	157	143	131	119	106	93	82	73	67	57	50
CWIP	13	9	9	9	9	9	9	9	9	9	9	0
Investments	0	0	0	0	0	0	0	6	7	7	5	49
	551	460	476	317	392	316	202	225	212	174	124	108
Total Assets	738	626	628	457	520	431	305	322	301	257	195	208

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	49	78	124	14	121	57	68	43	-7	-5	-71
	6	0	-1	-1	0	0	0	0	4	1	89
	-53	-80	-124	-13	-121	-56	-70	-44	3	6	-20
Net Cash Flow	2	-1	-1	-1	-0	1	-1	-0	-0	2	-2
Free Cash Flow	49	78	123	13	121	57	68	43	-3	-4	8
CFO/OP	-18%	-1,099%	-1,758%	1,619%	-217%	351%	58%	1,067%	37%	36%	-994%

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	21	14	9	3	18	18	10	6	9	4	2	10
Inventory Days	160	158	241	89	114	87	75	74	90	70	57	381
Days Payable	117	140	164	53	105	148	138	73	103	96	143	25
Cash Conversion Cycle	64	32	85	39	27	-43	-53	7	-4	-22	-85	366
Working Capital Days	-1,475	-924	-641	-209	-223	-112	-125	-46	-69	-91	-224	-428
ROCE %			-39%	-26%	2%	-51%	18%	85%	-2%	-5%	-26%	0%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Electricity Consumption per MT of Production
Kwh/MT ・Standalone data

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	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx			xxx,xxx	xxx,xxx

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Total Production Volume
MT ・Standalone data

Number of Permanent Employees
Count ・Standalone data

Installed Capacity
MT ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	53.75%	53.77%	53.78%	53.78%	53.78%	53.78%	53.78%	53.78%	53.78%	53.75%	53.75%	53.75%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.08%	0.00%
	46.24%	46.22%	46.22%	46.22%	46.22%	46.22%	46.21%	46.22%	46.22%	46.22%	46.18%	46.26%
No. of Shareholders	9,913	9,848	9,494	9,456	9,538	10,983	10,259	10,417	10,096	9,961	9,530	9,321

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	54.19%	53.75%	53.75%	53.75%	53.75%	53.77%	53.75%	53.78%	53.78%	53.75%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%
	8.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	36.98%	46.25%	46.25%	46.25%	46.25%	46.21%	46.26%	46.22%	46.22%	46.26%
No. of Shareholders	8,128	8,450	8,161	7,970	7,708	9,566	9,759	9,456	10,417	9,321

* 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.

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Shah Alloys Ltd

Shah Alloys Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports