Shah Alloys Limited, Fundamental analysis

Shah Alloys Limited - Technical chart

consolidated in Rs/Cr.

Industry Industry name	Steel
Variance Full Year Net Profit Variance	85
Equity Latest Equity	19.8
Face Value Latest Face Value	10
Reserves Total Reserve	92.56
Dividend Full Year Dividend %	0
Sales Turnover Full Year Net Sales	37.27
Net Profit Full Year Net Profit	-3.03
Full Year CPS Full Year Cash Per Share	1.8
Earning Per Share Full Year Earning Per Share	-1.5
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	0.38
Previous EPS Previous earnings per share	0
Book Value Book value	56.7
Networth Full Year Return on Networth	0
Price/Book Value Price to Book value	1.340388
Yearly PE ratio Full Year Price to Earning per share	-49.7
Yearly PC ratio Full Year Price to Cash Per Share	42.6
Bse value BSE Value in lakhs	0.03
Nse value NSE Value in lakhs	25.45
High 52 week high	82
Low 52 week low	53
Price NSE Current market price	75
CPM Current market price	76

Market cap BSE / NSE Market Cap	150.98
Net profit Latest Quarter Net Profit	-4.33
Net profit variance Latest Quarter Net Profit variance	4
Result year Trailing latest month	Mar 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	455.55
TTM OP Trailing Twelve 12 month Operating Profit	-166.15
TTM OPM Trailing Twelve 12 month Operating Profit Margin	-36.47
TTM GP Trailing Twelve 12 month Gross Profit	139.13
TTM GPM Trailing Twelve 12 month Gross Profit Margin	373.3
TTM NP Trailing Twelve 12 month Net Profit	-21.04
TTM NPV Trailing Twelve 12 month Net Profit Variane	84.65
TTM EPS Trailing Twelve 12 month EPS	0
TTM PE Trailing Twelve 12 month PE	0
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	9.03
Equity Latest Equity	19.8
LTP Latest Price (BSE/NSE)	76
Gross block Latest Gross Block	501.52
Loans Total loans	78.92
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	-344.7
Year GPM Full Year Gross Profit Margin	9.5
Quarter OPM Latest quater Operation Profit Margin	223.7

Quarterly Results (consolidated, figures in Rs Cr.)

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	66	52	30	24	3	10	0	0
YOY Sales Growth %	-63%	-64%	-77%	-80%	-96%	-80%	-99%	-100%
Gross Sales	66	52	30	24	3	10	0	0
Other Operating Income	0	0	1	0	0	0	2	0
+ Expenses	71	51	30	24	4	3	5	1
Material Cost %	58%	-42%	68%	40%	58%	0%	0%
Raw Material Cost	43	10	18	13	2	0	0	0
Change in Inventory	-5	-32	2	-3	0	0	0	0
Manufacturing Cost %	29%	13%	39%	26%	14%	26%	1718%
Employee Cost %	7%	5%	10%	8%	31%	3%	68%
Other Cost %	14%	122%	-17%	27%	27%	-3%	-492%
Raw Materials %	65%	19%	60%	54%	71%	0%	0%
Stock Adjustments %	7%	61%	-8%	14%	14%	0%	0%
Power & Fuel %	18%	5%	8%	6%	0%	0%	0%
Other Manufacturing Expenses %	11%	8%	31%	20%	14%	26%	1718%
Operating Profit	-5	1	0	0	-1	8	-5	-1
OPM %	-8%	2%	1%	-2%	-29%	74%	-1195%
+ Other Income	0	0	0	0	17	54	0	0
Miscellaneous Income	0	0	0	0	17	54	0	0
Exceptional Income	0	0	0	0	17	54	0	0
Interest	1	1	1	1	1	1	0	1
Depreciation	2	2	2	2	2	2	2	1
Profit before tax	-8	-3	-3	-3	13	59	-7	-3
+ Tax %	24%	25%	26%	25%	7%	39%	-24%	26%
Deferred Tax	-2	-1	-1	-1	1	23	2	-1
+ Net Profit	-6	-2	-4	-6	14	38	-8	-2
Extraordinary Income / Expense	0	0	0	0	17	54	-5	0
Exceptional Item	0	0	0	0	17	54	-5	0
Profit / Loss of Associates	0	0	-2	-3	1	2	0
Net Profit After Minority Interest	-6	-2	-4	-6	14	38	-8
EPS in Rs	-3.23	-1.09	-2.27	-2.91	6.93	19.42	-4.25

Profit & Loss (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Sales	292	349	480	570	489	502	880	626	592	267
Sales Growth %		19%	37%	19%	-14%	3%	75%	-29%	-5%	-55%
Gross Sales	261	273	518	570	489	502	880	626	592	267
Excise Duty	31	38	0	0	0	0	0	0	0	0
Other Operating Income	6	1	7	7	1	25	6	2	21	1
+ Expenses	310	356	487	576	549	482	754	624	620	277
Material Cost %	65%	51%	72%	70%	73%	69%	66%	70%	73%	73%
Raw Material Cost	193	213	312	431	358	321	614	415	424	147
Change in Inventory	-2	-36	33	-30	1	24	-35	26	7	47
Manufacturing Cost %	23%	31%	24%	25%	32%	23%	18%	24%	26%	24%
Employee Cost %	4%	3%	4%	4%	4%	4%	2%	4%	4%	6%
Other Cost %	14%	17%	2%	2%	2%	0%	-0%	1%	2%	1%
Raw Materials %	66%	61%	65%	76%	73%	64%	70%	66%	72%	55%
Stock Adjustments %	1%	10%	-7%	5%	-0%	-5%	4%	-4%	-1%	-18%
Power & Fuel %	15%	17%	13%	13%	10%	9%	8%	13%	16%	14%
Other Manufacturing Expenses %	9%	13%	10%	12%	23%	14%	10%	11%	9%	11%
Selling & Administration %	2%	5%	1%	1%	2%	1%	0%	1%	0%	1%
Miscellaneous Expenses %	0%	2%	1%	1%	0%	0%	0%	0%	2%	1%
Operating Profit	-18	-7	-7	-6	-60	20	126	3	-27	-10
OPM %	-6%	-2%	-1%	-1%	-12%	4%	14%	0%	-5%	-4%
+ Other Income	248	82	142	13	93	41	6	3	21	1
Miscellaneous Income	253	74	128	0	92	27	9	0	6	0
Exceptional Income	252	74	128	0	92	16	0	0	6	0
Interest	23	14	0	0	0	2	2	3	4	4
Depreciation	18	14	14	13	13	13	11	9	9	9
Profit before tax	189	47	114	-6	20	47	119	-6	-19	-23
+ Tax %	34%	22%	75%	231%	143%	211%	23%	23%	1%	25%
Current Tax	0	0	0	0	0	0	0	0	0	0
Deferred Tax	65	10	85	-13	28	98	27	-1	0	-6
+ Net Profit	121	37	29	8	-9	-52	91	-4	-19	-17
Profit Growth %		-71%	-20%	-74%	-215%	499%	-277%	-105%	319%	-7%
Extraordinary Income / Expense	247	74	128	0	92	16	0	0	-10	0
Exceptional Item	0	74	128	0	92	16	0	0	-10	0
Profit / Loss of Associates	-3	0	0	0	0	0	0	0	0	0
Net Profit After Minority Interest	121	36	36	8	-5	-56	82	-3	-19	-20
EPS in Rs	62.83	18.42	17.99	3.80	-2.35	-28.18	41.47	-1.62	-9.42	-9.97

Balance Sheet (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	20	20	20	20	20	20	20	20	20	20
Reserves	-400	-295	-193	-186	-38	-74	13	11	-9	-27
+ Borrowings	419	338	263	238	209	168	117	74	80	79
Secured Borrowings	413	290	235	153	167	71	71	0	0	0
Unsecured Borrowings	6	47	28	85	42	97	46	74	80	79
+ Other Liabilities	587	566	368	448	241	191	172	197	166	123
Current Liabilities	613	568	374	452	244	185	163	190	173	129
Provisions	5	5	7	7	9	9	6	4	3	2
Other liability items	2	24	19	19	17	20	20	17	3	3
Total Liabilities	626	628	457	520	431	305	322	301	257	195
+ Fixed Assets	157	143	131	119	106	93	82	73	67	57
Gross Block	555	555	556	557	557	557	557	557	520	502
Accumulated Depreciation	399	412	425	438	451	464	475	484	453	444
CWIP	9	9	9	9	9	9	9	9	9	9
Investments	0	0	0	0	0	0	6	7	7	5
+ Other Assets	460	476	318	392	316	202	225	212	174	124
Inventories	82	117	84	125	85	71	118	109	82	30
Trade receivables	10	7	4	29	24	14	14	15	7	1
Cash Equivalents	3	2	1	0	0	2	0	0	0	3
Loans n Advances	390	370	247	257	219	120	96	89	84	88
Other asset items	-25	-20	-18	-18	-13	-3	-3	-1	0	2
Total Assets	626	628	457	520	431	305	322	301	257	195

Cash Flow (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Cash from Operating Activity	49	78	124	14	121	57	68	43	-7	-5
Profit from Operations	-231	5	35	7	-55	41	122	6	-14	-9
Working Capital Changes	33	4	-10	5	87	2	-58	37	8	4
Profit Before Tax & Extraordinary Items	189	47	127	-6	24	43	109	-5	-20	-22
Depreciation	18	14	14	13	13	13	11	9	9	9
Interest (Net)	-224	-55	-106	0	-92	-15	2	2	3	4
Profit / Loss on Sale of Assets	0	0	0	0	0	0	0	0	0	0
Receivables	22	8	0	-23	11	4	-7	5	12	6
Inventories	-1	-34	32	-41	40	15	-47	9	27	52
Trade Payables	11	31	-42	69	36	-17	-3	23	-31	-54
Direct Taxes Paid	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	247	68	99	2	89	14	3	0	-1	0
+ Cash from Investing Activity	6	0	-1	-1	0	0	0	0	4	1
Purchase of Fixed Assets	0	0	-1	-2	0	0	0	0	-5	0
Sale of Fixed Assets	0	0	0	0	0	0	0	0	9	1
Interest Received	0	0	0	0	0	0	0	0	1	1
Others	6	0	0	0	0	0	0	0	0	0
+ Cash from Financing Activity	-53	-80	-124	-13	-121	-56	-70	-44	3	6
Proceeds from Other Long-Term Borrowings	0	0	0	0	0	0	0	0	7	10
Repayment of Long-Term Borrowings	0	0	0	-13	-121	-54	-67	-41	0	0
Repayment of Short-Term Borrowings	-30	0	0	0	0	0	0	0	0	0
Interest Paid	-23	-14	0	0	0	-2	-2	-3	-4	-4
Others	0	-65	-124	0	0	0	0	0	0	0
Net Cash Flow	2	-1	-1	-1	0	1	-1	0	0	2