Shah Metacorp Experiences Revision in Score Following Strong Q4 Financial Results

Shah Metacorp, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has recently undergone an adjustment in its evaluation following the release of its financial results for the quarter ending December 2024. The company reported a remarkable increase in net sales, achieving Rs 88.40 crore, which reflects a significant year-on-year growth of 158.18%. This positive sales trend underscores the company's strong market position. However, despite these encouraging sales figures, Shah Metacorp's score has experienced a decline, moving from 26 to 21 over the past three months. This revision in its score highlights some underlying concerns. Notably, the company's profit after tax (PAT) reached a record high of Rs 3.00 crore, marking consistent growth over the last five quarters. Yet, a substantial portion of the company's income—54.98% of profit before tax—originates from non-operating activities, raising questions about the sustainability of its business model. In light of these developments, Shah Metacorp has been added to MarketsMOJO's list, reflecting the ongoing scrutiny of its financial health and operational strategies.