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Shah Alloys Limited share price

Shah Alloys Limited engages in the manufacture and sale of stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India and internationally. The company also offers hot rolled coils, sheets, and plates; cold rolled coils and sheets; hot rolled round and flat bars; bright/peeled bars; angles; and beams. In addition, it provides chrome molybdenum, abrasion/wear resistant, quenched and tempered, high tensile, corrosion resistant, tool, pressure vessel, and other alloy steel products. The company also exports its products. Shah Alloys Limited was incorporated in 1990 and is based in Gandhinagar, India.Read more

WebsiteNSEहिंदी मेंBSE

Basic MaterialsSteelNSE: SHAHALLOYSISIN INE640C01011
16 Oct 2026, 3:27 PM IST₹76.70▼ 0.42 (0.54%)
  • Market Cap₹ 152 Cr.
  • Current Price₹ 76.70
  • High / Low₹ 117 / 53
  • Stock P/E3.6
  • Book Value₹ 57
  • Dividend Yield0.00 %
  • ROCE115.6 %
  • ROE208.90 %
  • Face Value₹ 10.0
More figures (10)
  • EPS (TTM)₹ 21.05
  • Price / Book1.35
  • OPM-1.1 %
  • Debt / Equity0.56
  • Sales growth (5Y)-40.2 %
  • Profit growth (5Y)83.6 %
  • Promoter holding64.1 %
  • EV / EBITDA29.8
  • Beta0.19
  • All-time high₹ 250

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
SHAHALLOYS-15.30%+7.50%+6.31%+9.81%+14.41%+7.78%+18.22%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Shah Alloys Limited is in the Steel industry (Basic Materials), with a market value of ₹152 crore.
  • It trades at 3.6 times its last 12 months' earnings and 1.4 times book value.
  • Revenue grew -40.2% a year over the last 5 years, profit 83.6% a year.
  • Return on equity was 208.9% and return on capital employed 115.6% in the latest year.
  • Debt was 0.56 times shareholders' equity.
  • The share price is 34.4% below its 52-week high and up 14.4% over one year.
  • Promoters and insiders hold about 64.1%; institutions about 0.0%.

Pros

  • Profit has grown 83.6% a year over the last 5 years.

Cons

  • Return on equity has been low: -545.4% on average over the last 3 years.
  • Sales growth has been slow: -40.2% a year over the last 5 years.
  • The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Shah Alloys Limited

Shah Alloys Limited engages in the manufacture and sale of stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India and internationally. The company also offers hot rolled coils, sheets, and plates; cold rolled coils and sheets; hot rolled round and flat bars; bright/peeled bars; angles; and beams. In addition, it provides chrome molybdenum, abrasion/wear resistant, quenched and tempered, high tensile, corrosion resistant, tool, pressure vessel, and other alloy steel products. The company also exports its products. Shah Alloys Limited was incorporated in 1990 and is based in Gandhinagar, India.

Employees
16
Head office
Gandhinagar

Peer comparison

Basic MaterialsSteel

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Shah Alloys76.703.61520.00-8—0-98.72115.6
2.JSW Steel1,216.3012.12,96,8960.594,651209.4546,6625.2318.7
3.Tata Steel175.5019.82,18,9242.272,31811.5860,41214.5411.3
4.Jindal Steel1,045.2039.11,06,3480.19845—15,55316.997.5
5.Lloyds Metals and Energy1,851.7021.31,04,2080.061,727164.877,289206.6319.4
6.Steel Authority of India170.9516.570,6111.381,64431.4226,246-10.477.2
7.Welspun Corp2,571.5029.467,8110.201,04649.864,0813.9819.5
8.NMDC71.698.463,0292.821,9760.446,7950.8428.4
9.Jindal Stainless736.5518.760,6880.557697.7311,27910.5017.8
10.APL Apollo Tubes2,152.7048.159,7720.40263-10.245,4382.1428.0
Median: 40 Co.890.8821.49,1350.131,34521.509,2844.6119.1

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
119665230243100
12471513024431
Operating Profit-6-51-0-0-17-1
OPM %-5%-8%2%-1%-2%-29%71%-268%
00102
Interest11111110
Depreciation22222222
Profit before tax-9-8-3-3-31359-7
7%39%
-7-6-2-4-61438-8
EPS in Rs-3.38-3.23-1.09-2.27-2.916.9319.42-4.25
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
878757048950288062626737
848456954548676362227732
Operating Profit331-56161174-105
OPM %3%3%0%-11%3%13%1%-4%13%
00712927212
Interest330022344
Depreciation3313131311997
Profit before tax7171-62447130-6-23133
25%25%120%211%21%19%
4747145-4782-3-20108
EPS in Rs26.8426.843.80-2.35-26.0841.47-1.63-9.9654.42

Compounded Sales Growth

5 Years:
-40%
3 Years:
-65%

Compounded Profit Growth

5 Years:
84%
3 Years:
9%

Stock Price CAGR

5 Years:
18%
3 Years:
8%
1 Year:
14%

Return on Equity

4 Years:
-412%
Last Year:
209%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital20202020
Reserves11-9-2992
74807963
19716612532
Total Liabilities301257195208
82766650
CWIP999
210172120157
Total Assets301257195208

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
43-67-71
04189
-443-6-20
Net Cash Flow-002-2
Free Cash Flow43-127-90

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE—-10.5%-89.4%-1,755.6%208.9%
ROCE—-3.8%-80.7%1,764.5%115.6%
Operating margin—-0.6%-1.6%-7.2%-1.1%
Net margin—-0.5%-3.1%-7.4%289.1%
Debt / equity—2.427.13-8.770.56
Current ratio—0.520.380.180.50
Debtor days—94211
Inventory days—786249266
Days payable—898511617
Cash conversion cycle—-2-19-65260
Working capital days—-69-91-220-442

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 53.75%
  • Public 46.25%
%Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters53.78%53.78%53.78%53.78%53.78%53.78%53.78%53.75%53.75%53.75%53.75%53.75%
0.03%0.08%
46.22%46.22%46.22%46.22%46.22%46.22%46.22%46.22%46.17%46.25%46.25%46.25%
No. of Shareholders9,4949,4569,53810,98310,25910,41710,0969,9619,5309,3219,1569,404

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

None filed recently.

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date
6 Sep 2007
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Latest news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Shah Alloys Limited

What is the share price of Shah Alloys Limited today?
Shah Alloys Limited (SHAHALLOYS) last traded at ₹76.70 on NSE (16 Oct 2026, 3:27 PM IST). Prices may be delayed.
What is the market cap of Shah Alloys Limited?
About ₹152 crore at the latest price.
What is the P/E ratio of Shah Alloys Limited?
About 3.6 times its earnings over the last 12 months.
Is Shah Alloys Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Shah Alloys Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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