Shah Foods

  • Market Cap: Micro Cap
  • Industry: FMCG
  • ISIN: INE455D01012
  • NSEID:
  • BSEID: 519031
INR
154.35
0.00 (0.00%)
BSENSE

Feb 09

BSE+NSE Vol: 916

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

916 (400.00%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

49.01%

Who are the top shareholders of the Shah Foods?

28-Apr-2025

The top shareholders of Shah Foods are Kirtiben Rajeshkumar Patel with 8.37%, Pradeep Porwal with 7.93%, and individual investors holding a combined 48.89%. There are no institutional holdings from mutual funds or foreign investors.

The top shareholders of Shah Foods include Kirtiben Rajeshkumar Patel, who holds the highest stake among promoters at 8.37%. The highest public shareholder is Pradeep Porwal, with a holding of 7.93%. Additionally, individual investors collectively hold 48.89% of the company's shares. There are no institutional holdings from mutual funds or foreign institutional investors.

View full answer

Who are in the management team of Shah Foods?

28-Apr-2025

As of Mar 2023 The management team of Shah Foods includes Nirav J Shah (Managing Director), Virendra Shah, Pushpa J Shah, Kunal Asarpota, Malav Jashwantlal Shah, and Sunil Gautambhai Parikh (all Independent Directors), along with Hirai Ishan Dave (Company Secretary & Compliance Officer).

As of Mar 2023 The management team of Shah Foods includes the following individuals:<BR><BR>1. Nirav J Shah - Managing Director<BR>2. Virendra Shah - Independent Director<BR>3. Pushpa J Shah - Non-Executive Director<BR>4. Kunal Asarpota - Independent Director<BR>5. Malav Jashwantlal Shah - Independent Director<BR>6. Sunil Gautambhai Parikh - Independent Director<BR>7. Hirai Ishan Dave - Company Secretary & Compliance Officer<BR><BR>If you have any more questions about Shah Foods or its operations, feel free to ask!

View full answer

how big is Shah Foods?

07-May-2025

As of May 05, Shah Foods Ltd has a market capitalization of 8.00 Cr, with net sales of 1.49 Cr and a net profit of -0.15 Cr over the latest four quarters. The standalone balance sheet as of March 2024 shows shareholder's funds of -0.67 Cr and total assets of 0.52 Cr.

As of May 05, Shah Foods Ltd has a market capitalization of 8.00 Cr, classifying it as a Micro Cap company.<BR><BR>As of May 05, the company reported a sum of Net Sales for the latest 4 quarters of 1.49 Cr and a Net Profit of -0.15 Cr. This data is based on Standalone financials.<BR><BR>As of March 2024, the Standalone balance sheet shows Shareholder's Funds of -0.67 Cr and Total Assets of 0.52 Cr.

View full answer

Is Shah Foods overvalued or undervalued?

09-Jun-2025

As of October 16, 2024, Shah Foods is considered "risky" and overvalued with a negative PE ratio of -8.90, a PEG ratio of 0.00, and has underperformed the Sensex by 36.93% year-to-date, contrasting sharply with peers like Hindustan Unilever and Nestle India.

As of 16 October 2024, Shah Foods has moved from a grade of "does not qualify" to "risky." The company is currently overvalued, as indicated by its negative PE ratio of -8.90 and EV to EBITDA ratio of -8.77. The PEG ratio stands at 0.00, further emphasizing the lack of growth potential in relation to its valuation.<BR><BR>In comparison to its peers, Shah Foods' valuation metrics starkly contrast with those of Hindustan Unilever, which has a PE ratio of 53.88, and Nestle India, with a PE ratio of 75.2. These comparisons highlight the significant disparity in valuation, suggesting that Shah Foods is not only underperforming but also carries a higher risk profile. Additionally, the company's stock has underperformed against the Sensex, particularly in the year-to-date period, where it has declined by 36.93% compared to the Sensex's gain of 5.58%.

View full answer

What is the technical trend for Shah Foods?

09-Jun-2025

As of May 26, 2025, Shah Foods' trend is neutral with a current price of 148.60, reflecting a -39.35% return over the year, indicating no clear bullish or bearish signals.

As of 26 May 2025, the technical trend for Shah Foods changed from mildly bearish to does not qualify. The current price is 148.60, which is slightly below the previous close of 149.00. The stock has experienced significant underperformance over the year, with a return of -39.35% compared to a 7.50% gain in the Sensex. The lack of sufficient technical indicators and the current trend classification suggest a neutral stance, as there are no clear bullish or bearish signals at this time.

View full answer

Are Shah Foods latest results good or bad?

15-Oct-2025

Shah Foods' latest results show a mixed performance with a slight improvement in scores, but concerns about low liquidity and a 'Sell' rating from analysts suggest the outlook may not be favorable for investors. Caution is advised before making investment decisions.

Shah Foods' latest financial results indicate a mixed performance. The company reported a flat performance for the quarter ending March 2024, with a score of -3, which is an improvement from the previous quarter's score of -6. However, the 'Sell' call from MarketsMOJO suggests that analysts have concerns about the company's outlook.<BR><BR>A significant issue is the company's cash and cash equivalents, which have reached their lowest point in the last three years at Rs 0.01 crore. This raises concerns about Shah Foods' short-term liquidity and financial stability.<BR><BR>Overall, while there are some signs of improvement in performance, the low liquidity and the analyst rating suggest that the results may not be viewed positively by investors. It’s advisable for potential investors to weigh these factors carefully before making any decisions.

View full answer

When is the next results date for Shah Foods?

12-Nov-2025

The next results date for Shah Foods is 14 November 2025.

The next results date for Shah Foods is scheduled for 14 November 2025.

View full answer

How has been the historical performance of Shah Foods?

17-Nov-2025

Shah Foods has shown significant recovery in its financial performance, reporting net sales of 3.78 crore and a return to profitability with an operating profit and profit after tax of 0.11 crore in March 2025, after previous years of losses. Total liabilities and assets increased to 2.89 crore, indicating a strengthening financial position.

Answer:<BR>The historical performance of Shah Foods shows a significant fluctuation in its financial metrics over the years, with a notable recovery in the latest fiscal year.<BR><BR>Breakdown:<BR>Shah Foods reported net sales of 3.78 crore in March 2025, a substantial increase from zero sales in the previous three years and a recovery from 0.09 crore in March 2021 and 1.02 crore in March 2020. The total operating income also rose to 3.78 crore in March 2025, compared to previous years where it remained at zero or very low levels. The company achieved an operating profit of 0.11 crore in March 2025, contrasting with losses in the preceding years, including a loss of 1.51 crore in March 2020. Profit after tax for March 2025 was 0.11 crore, marking a return to profitability after consecutive losses from March 2021 to March 2024. Total liabilities increased to 2.89 crore in March 2025, up from 0.52 crore in March 2024, while total assets also rose to 2.89 crore, indicating a strengthening of the company's financial position. The book value per share improved to -9.44 in March 2025 from -11.25 in March 2024, reflecting a gradual recovery in shareholder equity. Overall, Shah Foods has shown a positive trend in its latest financial results, suggesting a potential turnaround in its business operations.

View full answer

Should I buy, sell or hold Shah Foods Ltd?

03-Feb-2026

Why is Shah Foods Ltd falling/rising?

12-Feb-2026

As of 12-Feb, Shah Foods Ltd's stock price is currently at 154.35, with no change from the previous close. The stock has shown mixed performance, gaining 4.96% over the past week but declining 0.26% over the past month, while experiencing significant volatility in today's trading session.

As of 12-Feb, Shah Foods Ltd's stock price is currently at 154.35, with no change from the previous close. The stock has shown a mixed performance recently. Over the past week, it has risen by 4.96%, significantly outperforming the Sensex, which increased by only 0.43%. However, the stock has experienced a decline of 0.26% over the past month, while the Sensex remained nearly flat with a decrease of 0.24%.<BR><BR>Year-to-date, Shah Foods Ltd has gained 4.61%, contrasting with a loss of 1.81% for the Sensex. Despite this positive trend, the stock has a substantial year-over-year decline of 25.81%, while the Sensex has risen by 9.85% in the same period. Over longer periods, the stock has performed exceptionally well, with a 414.50% increase over three years and a 350.66% increase over five years, indicating strong long-term growth.<BR><BR>Today's trading session has been characterized by erratic behavior, as the stock opened with a loss of 5% but managed to reach an intraday high of Rs 154.35, reflecting a 4.96% increase at that peak. The stock also touched a low of Rs 139.7 during the day. The wide trading range of Rs 14.65 suggests volatility in the stock's price. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 3659.4% on February 2 compared to the five-day average, indicating growing interest from investors.<BR><BR>In summary, while Shah Foods Ltd has shown some positive short-term movements and strong long-term performance, the stock's current price stability at 154.35 reflects a balance between recent gains and the volatility observed in today's trading session.

View full answer
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of % and Operating profit at 0% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

Flat results in Dec 25

3

Risky - Negative Book Value

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

FMCG

stock-summary
Market cap

INR 9 Cr (Micro Cap)

stock-summary
P/E

84.00

stock-summary
Industry P/E

64

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.41

stock-summary
Return on Equity

-11.00%

stock-summary
Price to Book

-8.79

Revenue and Profits:
Net Sales:
(Quarterly Results - Dec 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
30.03%
0%
30.03%
6 Months
0%
0%
0.0%
1 Year
-25.81%
0%
-25.81%
2 Years
-17.64%
0%
-17.64%
3 Years
414.5%
0%
414.5%
4 Years
250.8%
0%
250.8%
5 Years
350.66%
0%
350.66%

Latest dividend: 1.0000 per share ex-dividend date: Sep-08-2010

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Submission Of Notice Of Extra Ordinary General Meeting

12-Feb-2026 | Source : BSE

Please find enclosed file.

Public Announcement - Open Offer

11-Feb-2026 | Source : BSE

Navigant Corporate Advisors Ltd (Manager to the Offer) has submitted to BSE a copy of Public Announcement under Regulation 3(1) Regulation 4 read with Regulation 15(1) and Regulation 13(2)(G) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 for the attention of the equity shareholders of Shah Foods Ltd (Target Company).

Announcement under Regulation 30 (LODR)-Acquisition

10-Feb-2026 | Source : BSE

the Board of Directors of the Company at their meeting held on Tuesday 10th February 2026 have inter alia considered and approved the Acquisition of 100% of the Equity Share Capital of Tandhan Power Technologies Private Limited.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

Shah Foods Ltd has declared 10% dividend, ex-date: 08 Sep 10

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
0.00%
EBIT Growth (5y)
0.00%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.41
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
-28.89%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
84
Industry P/E
64
Price to Book Value
-9.22
EV to EBIT
8.81
EV to EBITDA
8.81
EV to Capital Employed
-8.56
EV to Sales
2.33
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
Negative BV

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
No Trend
Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Kirtiben Rajeshkumar Patel (8.37%)

Highest Public shareholder

Pradeep Porwal (7.93%)

Individual Investors Holdings

48.48%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Dec 2025 is -100.00% vs 0.00% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in quarter ended Dec 2025 is -150.00% vs 0.00% in Dec 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.52",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.05",
          "val2": "-0.02",
          "chgp": "-150.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-0.05",
          "val2": "-0.02",
          "chgp": "-150.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "-3.85%",
          "chgp": "3.85%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by Shah Foods"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Shah Foods"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 0.00% vs 0.00% in Mar 2024",
        "dir": 0
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 150.00% vs -4.76% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3.78",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.11",
          "val2": "-0.22",
          "chgp": "150.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "0.11",
          "val2": "-0.22",
          "chgp": "150.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "2.88%",
          "val2": "0.00%",
          "chgp": "2.88%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
0.00
0.52
-100.00%
Operating Profit (PBDIT) excl Other Income
-0.05
-0.02
-150.00%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.05
-0.02
-150.00%
Operating Profit Margin (Excl OI)
0.00%
-3.85%
3.85%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is -100.00% vs 0.00% in Dec 2024

Direction Arrows
Standalone Net Profit

YoY Growth in quarter ended Dec 2025 is -150.00% vs 0.00% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
3.78
0.00
Operating Profit (PBDIT) excl Other Income
0.11
-0.22
150.00%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Consolidate Net Profit
0.11
-0.22
150.00%
Operating Profit Margin (Excl OI)
2.88%
0.00%
2.88%
Values in Rs Cr.
Net Sales

YoY Growth in year ended Mar 2025 is 0.00% vs 0.00% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 150.00% vs -4.76% in Mar 2024

stock-summaryCompany CV
About Shah Foods Ltd stock-summary
stock-summary
Shah Foods Ltd
Micro Cap
FMCG
Shah Foods Ltd was incorporated on March 18, 1982. The company is engaged in the food processing business. They manufacture and sale of biscuits in India and supply their products to Britannia Industries Ltd. The company is an ISO: 22000-2005 certified company. They are having their manufacturing facility located at Gandhinagar in Gujarat with an installed capacity of 9,000 MTPA biscuits mainly for Britannia Industries.
Company Coordinates stock-summary
Company Details
Block No 453/1, Kalol-Mehsana Highway Gandhinagar Gujarat : 382729
stock-summary
Tel: 91-2764-233931/932
stock-summary
shahfood.ahmedabad@gmail.com
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai