Shah Alloys

Why is Shah Alloys Ltd falling/rising?

As of 16-Jul, Shah Alloys Ltd's stock price is at 71.76, down 1.39%, and has underperformed its sector. The stock has seen a consecutive decline over two days, with reduced investor participation and short-term weakness indicated by its moving averages.

As of 16-Jul, Shah Alloys Ltd's stock price is falling, currently at 71.76, which reflects a decrease of 1.01 or 1.39%. The stock has underperformed its sector by 1.17% today and has been on a consecutive decline for the last two days, resulting in a total drop of 2.05% during this period. Notably, the stock opened significantly lower today, with a gap down of 5.18%, reaching an intraday low of Rs 69.<BR><BR>Additionally, there has been a notable decrease in investor participation, with the delivery volume dropping by 39% compared to the 5-day average. Despite the stock being above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average, indicating a short-term weakness. These factors collectively contribute to the stock's decline.

Which are the latest news on Shah Alloys?

How big is Shah Alloys?

As of 10th June, Shah Alloys Ltd has a market capitalization of 137.00 Cr, with recent net sales of 39.43 Cr and a net profit of 38.02 Cr. The balance sheet for March 2025 shows shareholder's funds at a loss of 7.69 Cr and total assets valued at 116.69 Cr.

As of 10th June, Shah Alloys Ltd has a market capitalization of 137.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Shah Alloys reported Net Sales of 39.43 Cr and a Net Profit of 38.02 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds at a loss of 7.69 Cr and Total Assets valued at 116.69 Cr.

Who are in the management team of Shah Alloys?

The management team of Shah Alloys includes Chairman Rajendra V Shah, Whole Time Directors Ashok A Sharma, Mrinal Sinha, and Prakash Patel, along with several Non-Executive Independent Directors and Company Secretaries. They are responsible for the company's strategic direction and operational management.

The management team of Shah Alloys includes the following key members:<BR><BR>1. **Rajendra V Shah** - Chairman (Non-Executive)<BR>2. **Ashok A Sharma** - Whole Time Director & CFO<BR>3. **G M Shaikh** - Non-Executive & Independent Director<BR>4. **Harshad Shah** - Non-Executive & Independent Director<BR>5. **Tejpal S Shah** - Non-Executive & Independent Director<BR>6. **Shefali M Patel** - Non-Executive & Independent Director<BR>7. **Vinay Kumar Mishra** - Company Secretary & Compliance Officer<BR>8. **Mrinal Sinha** - Whole-time Director<BR>9. **Prakash Patel** - Whole-time Director<BR>10. **Mayank Chadha** - Company Secretary & Compliance Officer<BR><BR>This team oversees the strategic direction and operational management of the company.

Who are the peers of the Shah Alloys?

Shah Alloys' peers include Rathi Steel, Bansal Roofing, Kanishk Steel, and others. Bansal Roofing shows excellent management and growth, while Shah Alloys has average management risk and below-average growth, with a 1-year return of 18.75%.

Peers: The peers of Shah Alloys are Rathi Steel, Bansal Roofing, Kanishk Steel, National Fitting, Maiden Forgings, Sarthak Metals, Sharda Ispat, Kritika Wires, and Pattech Fitwell.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bansal Roofing and Sarthak Metals, while Average management risk is found at Rathi Steel, National Fitting, Sharda Ispat, and Shah Alloys. Below Average management risk is noted at Kanishk Steel, Maiden Forgings, Kritika Wires, and Pattech Fitwell. Growth is rated as Excellent for Bansal Roofing, Average for Rathi Steel, National Fitting, and the rest, while Below Average growth is seen at Kanishk Steel, Shah Alloys, Maiden Forgings, Sarthak Metals, and Pattech Fitwell. In terms of Capital Structure, Excellent is noted for National Fitting and Sarthak Metals, Good for Bansal Roofing, Average for Rathi Steel and Sharda Ispat, and Below Average for Kanishk Steel, Shah Alloys, Maiden Forgings, Kritika Wires, and Pattech Fitwell.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bansal Roofing at 10.11%, while Sarthak Metals has the lowest at -45.06%. Shah Alloys has a 1-year return of 18.75%, which is higher than Bansal Roofing's return. Additionally, Kanishk Steel, National Fitting, Sarthak Metals, Sharda Ispat, and Maiden Forgings have negative six-month returns.

What does Shah Alloys do?

Shah Alloys Ltd manufactures steel products and operates in the Iron & Steel Products industry as a Micro Cap company. As of March 2026, it reported net sales of 2 Cr and a net loss of 8 Cr, with a market cap of INR 137 Cr.

Overview:<BR>Shah Alloys Ltd is engaged in the manufacture of various steel products and operates within the Iron & Steel Products industry, categorized as a Micro Cap company.<BR><BR>History:<BR>Incorporated in November 1990, Shah Alloys Limited went public in 1992. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 2 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -8 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 137 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.55 <BR>Return on Equity: -4.89% <BR>Price to Book: 1.20<BR><BR>Contact Details:<BR>Address: 5/1 Shreeji House 5th Floor, Behind M J Library Ashram Road Ahmedabad Gujarat : 380006 <BR>Email: info@shahalloys.com <BR>Website: http://www.shahalloys.com

Should I buy, sell or hold Shah Alloys Ltd?

Are Shah Alloys Ltd latest results good or bad?

Shah Alloys Ltd's latest results are concerning, showing a consolidated net loss of ₹8.41 crores for Q1 2026, an 87.31% increase in losses year-over-year, and a 92.59% drop in net sales to ₹2.25 crores, indicating significant financial distress and a bleak outlook.

Shah Alloys Ltd's latest results are concerning and indicate a significant decline in financial health. For the quarter ending March 2026, the company reported a consolidated net loss of ₹8.41 crores, which is a staggering 87.31% increase in losses compared to the same quarter last year. Additionally, net sales plummeted to ₹2.25 crores, reflecting a 92.59% drop year-over-year.<BR><BR>While the operating margin appears impressive at 223.68%, this figure is misleading due to the extremely low revenue base and does not indicate operational strength. The company is facing severe challenges, with negative shareholder equity of ₹-7.69 crores and a significant liquidity crisis, as current liabilities far exceed current assets.<BR><BR>Overall, the financial performance suggests that Shah Alloys is in a state of distress, with collapsing revenues and persistent losses. The outlook remains bleak, and without significant changes or interventions, the company may struggle to recover.

When is the next results date for Shah Alloys Ltd?

The next results date for Shah Alloys Ltd is 30 May 2026.

The next results date for Shah Alloys Ltd is scheduled for 30 May 2026.

How has been the historical performance of Shah Alloys?

Shah Alloys has experienced significant financial challenges, with net sales and profitability declining sharply from Mar'22 to Mar'25, resulting in negative operating profit and losses in both profit before and after tax. Total assets and liabilities have also decreased, alongside negative cash flow from operations in recent years.

Answer:<BR>The historical performance of Shah Alloys has shown significant fluctuations over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Shah Alloys' net sales have decreased from 886.15 Cr in Mar'22 to 267.28 Cr in Mar'25, reflecting a downward trend in revenue generation. The total operating income followed a similar pattern, dropping from 886.15 Cr in Mar'22 to 267.28 Cr in Mar'25. The raw material costs also saw a decline, falling from 613.70 Cr in Mar'22 to 147.21 Cr in Mar'25, while the total expenditure, excluding depreciation, decreased from 763.31 Cr in Mar'22 to 276.73 Cr in Mar'25. However, despite these reductions, the operating profit (PBDIT) turned negative, going from a profit of 122.84 Cr in Mar'22 to a loss of 9.45 Cr in Mar'25. Consequently, the profit before tax and profit after tax also reflected losses, with the profit before tax moving from a profit of 130.12 Cr in Mar'22 to a loss of 23.12 Cr in Mar'25, and profit after tax declining from 102.87 Cr to a loss of 17.43 Cr in the same period. The company's total assets decreased from 250.69 Cr in Mar'22 to 116.69 Cr in Mar'25, while total liabilities also fell from 250.69 Cr to 116.69 Cr. The cash flow from operating activities has been negative in the last two years, indicating ongoing challenges in generating cash from core operations. Overall, Shah Alloys has faced significant financial challenges, particularly in the last few years, leading to a decline in both sales and profitability.

Is Shah Alloys overvalued or undervalued?

As of May 30, 2023, Shah Alloys is considered overvalued and risky due to negative financial ratios, including a PE ratio of -5.40 and an EV to EBITDA of -19.23, significantly underperforming compared to peers like JSW Steel and Tata Steel, and has a year-to-date stock return of -15.38% versus the Sensex's 5.62%.

As of 30 May 2023, Shah Alloys has moved from an attractive to a risky valuation grade. The company is currently considered overvalued based on its negative financial ratios, including a PE ratio of -5.40, an EV to EBITDA of -19.23, and a ROCE of -27.25%. These figures indicate significant financial distress compared to its peers.<BR><BR>In comparison to industry competitors, Shah Alloys' valuation metrics are starkly unfavorable. For instance, JSW Steel has a PE ratio of 64.98 and an EV to EBITDA of 14.20, while Tata Steel shows a PE of 51.92 with an EV to EBITDA of 11.04. This highlights the substantial gap in performance and valuation between Shah Alloys and its more stable peers. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -15.38% compared to the Sensex's 5.62%, further reinforcing the notion of overvaluation.

What is the technical trend for Shah Alloys?

As of April 21, 2025, Shah Alloys shows a mildly bearish technical trend, with bearish signals from moving averages and Bollinger Bands, despite some mixed indicators suggesting a mildly bullish stance in certain time frames.

As of 21 April 2025, the technical trend for Shah Alloys has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The Bollinger Bands are bearish on both weekly and monthly time frames, and daily moving averages are also bearish. The KST shows a mildly bullish weekly trend but is mildly bearish monthly. Dow Theory presents a mildly bearish view weekly while being mildly bullish monthly. The OBV is mildly bearish weekly but bullish monthly. Overall, the current technical stance is mildly bearish, driven primarily by bearish moving averages and Bollinger Bands, despite some mixed signals from other indicators.

Who are the top shareholders of the Shah Alloys?

The top shareholder of Shah Alloys is Rajendrabhai V Shah, holding 39.97% of the shares, with individual investors owning 37.51%. The highest public shareholder is Jaideep Narendra Sampat at 2.63%, and there are no pledged promoter holdings or investments from mutual funds or foreign institutional investors.

The top shareholders of Shah Alloys include the promoters, with Rajendrabhai V Shah holding the highest stake at 39.97%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. Additionally, individual investors collectively hold 37.51% of the shares, while the highest public shareholder is Jaideep Narendra Sampat, who owns 2.63%.

What is the bonus history of the Shah Alloys?

Shah Alloys has a bonus history that includes a 1:1 bonus issue announced on February 13, 2006, with a record date of February 14, 2006, allowing shareholders to receive one additional share for each share held.

Shah Alloys has a bonus history that includes a notable 1:1 bonus issue announced on February 13, 2006. The record date for this bonus was February 14, 2006. This means that shareholders received one additional share for every share they held as of the record date.

Has Shah Alloys declared dividend?

Shah Alloys Ltd has declared a 10% dividend, amounting to 1.0000 per share, but the dividend yield remains at 0%. Total returns have varied significantly, with a notable increase over the long term despite recent declines.

Shah Alloys Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1.0000<BR>- Ex-date: Sep-06-2007<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -34.79%, the dividend return was 0%, resulting in a total return of -34.79%.<BR><BR>Over the past year, the price return was -0.93%, the dividend return was 0%, leading to a total return of -0.93%.<BR><BR>In the 2-year period, the price return was 22.72%, the dividend return was 0%, which resulted in a total return of 22.72%.<BR><BR>For the 3-year period, the price return was -42.01%, the dividend return was 0%, culminating in a total return of -42.01%.<BR><BR>In the 4-year span, the price return was 383.18%, the dividend return was 0%, resulting in a total return of 383.18%.<BR><BR>Finally, over the last 5 years, the price return was 975.91%, the dividend return was 0%, leading to a total return of 975.91%.<BR><BR>Overall, while Shah Alloys has declared a dividend, the dividend yield remains at 0%, indicating that dividends have not contributed to returns in recent periods. The total returns show significant volatility, with a notable increase over the longer term despite recent declines.