Shah Alloys

{
  "main_header": {
    "sid": 543658,
    "name": "Shah Alloys",
    "stock_name": "Shah Alloys",
    "full_name": "Shah Alloys Ltd",
    "name_url": "stocks-analysis/shah-alloys",
    "exchange": 0,
    "exchangecode": "",
    "primexch": 1,
    "country_id": 34,
    "currency": "INR",
    "cmp": "69.00",
    "chg": -1,
    "chgp": "-1.43%",
    "dir": -1,
    "prev_price": "70.00",
    "mcapval": "137.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 513436,
    "symbol": "SHAHALLOYS",
    "ind_name": "Iron & Steel Products",
    "ind_code": 23,
    "indexname": "India SENSEX",
    "isin": "INE640C01011",
    "curr_date": "May 20",
    "curr_time": "",
    "bse_nse_vol": "540 ",
    "exc_status": "Active",
    "traded_date": "May 20, 2026",
    "traded_date_str": "2026 05 20",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
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  "news": {
    "results": [
      {
        "title": "Shah Alloys Ltd Upgraded to Sell on Technical Improvement Despite Weak Fundamentals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-upgraded-to-sell-on-technical-improvement-despite-weak-fundamentals-3998288",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ShahAlloysLtd_mojoScore_3998288.png",
        "date": "2026-05-19 08:24:22",
        "description": "Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating upgraded from Strong Sell to Sell as of 18 May 2026. This change is primarily driven by a shift in technical indicators, even as the company continues to grapple with weak financial fundamentals and valuation concerns. The stock’s recent market performance contrasts with its underlying operational challenges, prompting a nuanced reassessment by analysts."
      },
      {
        "title": "Shah Alloys Ltd Downgraded to Strong Sell Amid Technical and Fundamental Weaknesses",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-downgraded-to-strong-sell-amid-technical-and-fundamental-weaknesses-3984870",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ShahAlloysLtd_mojoScore_3984870.png",
        "date": "2026-05-11 08:05:56",
        "description": "Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has been downgraded from a Sell to a Strong Sell rating as of 8 May 2026. This revision reflects deteriorating technical indicators, weak financial trends, poor valuation metrics, and declining quality scores, signalling heightened risk for investors despite the stock’s recent market-beating returns."
      },
      {
        "title": "Shah Alloys Ltd is Rated Strong Sell",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-is-rated-strong-sell-3984145",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/ShahAlloysLtd_mojoScore_3984145.png",
        "date": "2026-05-10 10:10:02",
        "description": "Shah Alloys Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 08 May 2026. However, the analysis and financial metrics discussed here reflect the stock’s current position as of 10 May 2026, providing investors with the most up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook."
      },
      {
        "title": "Shah Alloys Ltd Upgraded to Sell on Technical Improvements Despite Weak Fundamentals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-upgraded-to-sell-on-technical-improvements-despite-weak-fundamentals-3967607",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ShahAlloysLtd_mojoScore_3967607.png",
        "date": "2026-04-29 08:08:19",
        "description": "Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating upgraded from Strong Sell to Sell as of 28 Apr 2026. This change is primarily driven by a shift in technical indicators signalling mild bullishness, despite persistent fundamental weaknesses and valuation concerns. The company’s stock performance continues to outpace the broader market, but caution remains warranted given its negative book value and flat financial trends."
      },
      {
        "title": "Shah Alloys Ltd Downgraded to Strong Sell Amid Mixed Technicals and Weak Fundamentals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-downgraded-to-strong-sell-amid-mixed-technicals-and-weak-fundamentals-3960213",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ShahAlloysLtd_mojoScore_3960213.png",
        "date": "2026-04-24 08:06:18",
        "description": "Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating downgraded from Sell to Strong Sell as of 23 April 2026. This revision reflects a combination of deteriorating technical indicators, weak financial trends, poor valuation metrics, and declining quality scores, signalling heightened risk for investors despite recent market-beating returns."
      },
      {
        "title": "Shah Alloys Ltd Upgraded to Sell on Technical Improvements Despite Weak Fundamentals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-upgraded-to-sell-on-technical-improvements-despite-weak-fundamentals-3950231",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ShahAlloysLtd_mojoScore_3950231.png",
        "date": "2026-04-17 08:10:18",
        "description": "Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating upgraded from Strong Sell to Sell as of 16 Apr 2026. This change is primarily driven by a shift in technical indicators signalling a mildly bullish trend, despite the company’s continued weak financial performance and valuation concerns. The nuanced upgrade reflects a complex interplay of quality, valuation, financial trends, and technical factors that investors should carefully consider."
      },
      {
        "title": "Shah Alloys Ltd is Rated Strong Sell",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-is-rated-strong-sell-3935205",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ShahAlloysLtd_mojoScore_3935205.png",
        "date": "2026-04-07 10:10:02",
        "description": "Shah Alloys Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 04 March 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 07 April 2026, providing investors with the most up-to-date view of the company’s fundamentals, returns, and market standing."
      },
      {
        "title": "Shah Alloys Ltd is Rated Strong Sell",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-is-rated-strong-sell-3918974",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/3/ShahAlloysLtd_mojoScore_3918974.png",
        "date": "2026-03-27 10:10:15",
        "description": "Shah Alloys Ltd is rated Strong Sell by MarketsMOJO. This rating was last updated on 04 Mar 2026, reflecting a significant reassessment of the stock’s outlook. However, the analysis and financial metrics discussed below are based on the company’s current position as of 27 March 2026, providing investors with the latest insights into its performance and prospects."
      },
      {
        "title": "Shah Alloys Ltd is Rated Strong Sell",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/shah-alloys-ltd-is-rated-strong-sell-3893290",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/3/ShahAlloysLtd_mojoScore_3893290.png",
        "date": "2026-03-16 10:10:15",
        "description": "Shah Alloys Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 04 Mar 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 16 March 2026, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook."
      }
    ],
    "total": 157,
    "sid": "543658",
    "stock_news_url": "https://www.marketsmojo.com/news/shah-alloys-543658"
  },
  "announcements": [
    {
      "caption": "Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A",
      "datetime": "30-Apr-2026",
      "details": "<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=1px><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> </tr> <tr><td>1</td><td>Name of Company</td><td>Shah Alloys Ltd</td></tr> <tr><td>2</td><td>CIN NO.</td><td>L27100GJ1990PLC014698</td></tr> <tr><td>3</td> <td>Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr)</td> <td>0.00</td></tr> <tr><td>4</td><td>Highest Credit Rating during the previous FY </td><td>NA</td></tr> <tr><td>4a</td><td>Name of the Credit Rating Agency issuing the Credit Rating mentioned in (4)</td><td>Not Applicable</td></tr> <tr><td>5</td><td>Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the framework</td><td>BSE</td></tr> </table> <br/><br/> <div> <div style=float:left;> We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No</div> <br/><br/><br/> <div style=float:left;> Name of the Company Secretary: Narayanlal Fatelal Shah <br/> Designation: Company Secretary and Compliance Officer <br/> EmailId: cs@shahalloys.com</div> <div style=float:left;margin-left:50px;> Name of the Chief Financial Officer: Ashok Sharma <br/> Designation: Whole Time Director and CFO <br/> EmailId: ashok.sharma@shahalloys.com</div> </div> <div> <br/> Date: 30/04/2026<br/><br/> <b>Note:<b> In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. </div>",
      "source": "BSE"
    },
    {
      "caption": "Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018",
      "datetime": "10-Apr-2026",
      "details": "Submission of Certificate received from Bigshare Services Pvt Ltd RTA of the company under Regulation 74(5) of the SEBI (DP) Regulations 2018 for the quarter ended 31st March 2026.",
      "source": "BSE"
    },
    {
      "caption": "Closure of Trading Window",
      "datetime": "26-Mar-2026",
      "details": "Trading Window shall remain closed From April 01 2026 till 48 hours after announcement/declartion of Financcial Results for Fourth Quarter and Financial Year ending on March 31 2026.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Shah Alloys Ltd has declared <strong>10%</strong> dividend, ex-date: 06 Sep 07",
          "dt": "2007-09-06",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "",
      "data": [
        {
          "txt": "Shah Alloys Ltd has announced <strong>1:1</strong> bonus issue, ex-date: 13 Feb 06",
          "dt": "2006-02-13",
          "middle_text": "Bonus Alert"
        }
      ]
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Shah Alloys Ltd Upgraded to Sell on Technical Improvement Despite Weak Fundamentals

2026-05-19 08:24:22

Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating upgraded from Strong Sell to Sell as of 18 May 2026. This change is primarily driven by a shift in technical indicators, even as the company continues to grapple with weak financial fundamentals and valuation concerns. The stock’s recent market performance contrasts with its underlying operational challenges, prompting a nuanced reassessment by analysts.

Read full news article

Shah Alloys Ltd Downgraded to Strong Sell Amid Technical and Fundamental Weaknesses

2026-05-11 08:05:56

Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has been downgraded from a Sell to a Strong Sell rating as of 8 May 2026. This revision reflects deteriorating technical indicators, weak financial trends, poor valuation metrics, and declining quality scores, signalling heightened risk for investors despite the stock’s recent market-beating returns.

Read full news article

Shah Alloys Ltd is Rated Strong Sell

2026-05-10 10:10:02

Shah Alloys Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 08 May 2026. However, the analysis and financial metrics discussed here reflect the stock’s current position as of 10 May 2026, providing investors with the most up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Shah Alloys Ltd Upgraded to Sell on Technical Improvements Despite Weak Fundamentals

2026-04-29 08:08:19

Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating upgraded from Strong Sell to Sell as of 28 Apr 2026. This change is primarily driven by a shift in technical indicators signalling mild bullishness, despite persistent fundamental weaknesses and valuation concerns. The company’s stock performance continues to outpace the broader market, but caution remains warranted given its negative book value and flat financial trends.

Read full news article

Shah Alloys Ltd Downgraded to Strong Sell Amid Mixed Technicals and Weak Fundamentals

2026-04-24 08:06:18

Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating downgraded from Sell to Strong Sell as of 23 April 2026. This revision reflects a combination of deteriorating technical indicators, weak financial trends, poor valuation metrics, and declining quality scores, signalling heightened risk for investors despite recent market-beating returns.

Read full news article

Shah Alloys Ltd Upgraded to Sell on Technical Improvements Despite Weak Fundamentals

2026-04-17 08:10:18

Shah Alloys Ltd, a micro-cap player in the Iron & Steel Products sector, has seen its investment rating upgraded from Strong Sell to Sell as of 16 Apr 2026. This change is primarily driven by a shift in technical indicators signalling a mildly bullish trend, despite the company’s continued weak financial performance and valuation concerns. The nuanced upgrade reflects a complex interplay of quality, valuation, financial trends, and technical factors that investors should carefully consider.

Read full news article

Shah Alloys Ltd is Rated Strong Sell

2026-04-07 10:10:02

Shah Alloys Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 04 March 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 07 April 2026, providing investors with the most up-to-date view of the company’s fundamentals, returns, and market standing.

Read full news article

Shah Alloys Ltd is Rated Strong Sell

2026-03-27 10:10:15

Shah Alloys Ltd is rated Strong Sell by MarketsMOJO. This rating was last updated on 04 Mar 2026, reflecting a significant reassessment of the stock’s outlook. However, the analysis and financial metrics discussed below are based on the company’s current position as of 27 March 2026, providing investors with the latest insights into its performance and prospects.

Read full news article

Shah Alloys Ltd is Rated Strong Sell

2026-03-16 10:10:15

Shah Alloys Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 04 Mar 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 16 March 2026, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

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