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Shah Alloys Limited

Shah Alloys Limited

NSE: SHAHALLOYS
SteelBasic MaterialsSMALL CAPMCap ₹155.6 Cr
₹78.62₹-1.38 (-1.72%)

Market Closed • NSE

Market cap₹155.6 Cr
Enterprise value₹219.6 Cr
P/E TTM3.73
P/B1.38
EPS TTM₹21.05
ROCE0.49%
D/E0.56
Dividend yield0.00%
Face value₹10.00
52W high₹116.85
52W low₹53.10
Price chart(1Y)
1Y Return:+12.75% (+₹8.89)
H: ₹116.85L: ₹64.5
1W-4.12%
1M-21.79%
3M+9.30%
6M+14.77%
1Y+12.68%
Today at a glance

Day range

₹77.71₹81.88

52 week range

₹53.10₹116.85
Volume1.6K0.06x 20D avg
Free float50.00%-94.20% volume

Shah Alloys Limited closed at INR78.62 (-1.72%) on volume 0.06x its 20-day average, trading 32.72% below its 52-week high.

Technical analysis
RSI (14)33.7Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹4.81High
SMA 20₹88.16BEARISH
SMA 50₹85.10BEARISH
SMA 100₹77.41BULLISH
SMA 200₹71.75BULLISH
CPR bottom₹81.24
Pivot₹80.82
CPR top₹80.41
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -121.9% QoQ

2022-09-08

AGM Announced

Annual General Meeting

2022-04-29

EGM Announced

Extra Ordinary General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹63.0 Cr₹155.6 Cr40.47%≤ 33%FAIL
Non-halal income ratio–₹37.3 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹206.5 Cr₹207.6 Cr99.47%≥ 20%PASS
Receivables ratio–₹207.6 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E3.7321.40
Forward P/E——
P/B1.382.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield26.804.70
Growth & profitability
RevenuePAT
FY24PAT margin -3.10%
FY25PAT margin -7.50%
FY26PAT margin 289.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-48.10%
Revenue CAGR 5Y-42.50%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin9.10%
Net margin7.96%
Financial health & cash flow
Net debt₹61.9 CrModerate
Interest coverage0.20xEBIT / interest
CFO / PAT-0.66x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-7100.0 Lakh
Capital expenditure–
Free cash flow₹-8990.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall57/100
Valuation75/100
Profitability50/100
Financial health45/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 3.7x trades below sector historical averages

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Steel.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.00%Institutional holding
46.26%Public holding
5Periods available
0.00%Promoter pledged
9.32KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—08 Sept 2022
—Extra Ordinary General MeetingExtra Ordinary General Meeting—29 Apr 2022
—Annual General MeetingAnnual General Meeting—13 Sept 2021
—Annual General MeetingAnnual General Meeting—09 Dec 2020
—Annual General MeetingAnnual General Meeting—11 Sept 2019
—Annual General Meeting (Date Revised)Annual General Meeting (Date Revised)—11 Sept 2018
—Annual General MeetingAnnual General Meeting—20 Sept 2017
—Annual General MeetingAnnual General Meeting—14 Sept 2016
—Annual General MeetingAnnual General Meeting—14 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 6 sessions

Average delivery (6D)57.56%+0.40% latest vs average
Highest delivery74.21%on 26 Aug
Average volume (6D)587.1KTrading-session average
Conviction trendStrengthening+0.40% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.14L36.802.30%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.85L11.520.60%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.30L13.462.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L47.081.19%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.17L19.642.33%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.00L12.210.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.96L34.470.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.880.06%₹3,668.00₹666.00+70.29%+88.67%
About Shah Alloys Limited
Shah Alloys Limited

Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]

IndiaBasic Materials

Questions investors ask
Is Shah Alloys Limited Shariah compliant?

Shah Alloys Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (40.47%) exceeds AAOIFI threshold (≤ 33%).

What is Shah Alloys Limited's current valuation relative to peers?

Shah Alloys Limited trades at a P/E of 3.7x compared to the sector median of 21.4x, and a Price-to-Book of 1.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.56x. Interest coverage is 0.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -42.5% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.