Shah Alloys
- Market cap
- ₹ 140 Cr.
- P/E
- 3x
- P/B
- 1.28x
- 52-week range
- 53.1 – 116.85
- ROE
- −101%
- ROCE
- 0%
- Dividend yield
- 0%
- Debt / equity
- 0.56
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Shah Alloys Limited is an India-based steel producer. The Company is engaged in manufacturing of a range of stainless steel, alloy and special steel, carbon/mild steel and armor steel in flat and long products. Its stainless-steel products consist of hot-rolled coils, sheets, and plates; cold rolled coils and sheets; hot-rolled round bars; bright round bars; flat bars; angles, and others. Its alloy and special steel product range includes chrome molybdenum steel, abrasion/wear resistant steel, quenched and tempered steel, high tensile steel, corrosion-resistant steel, tool steel, pressure vessel steels, and other alloy steels. Its mild steel/carbon steel product range includes hot rolled coils, hot rolled sheet/plate, hot rolled round bars, flat bars, beams, and angles. The Company's armor steel is used in vehicle armoring, observation posts, sentry boxes and main battle tanks (MBTs), and others. It exports various products to more than 50 countries around the world.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Shah Alloys against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)3 against a typical 18.9: cheaper than most peers (1st = cheapest).6th of 146
- Sales growth−92.6% against a typical +13.1% from a year earlier.111th of 117
- Share price, 3 months+6.7% against a typical −4.5%.40th of 134
- Size₹ 140.5 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).70th of 135
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 12 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 30 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 14 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 14 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 21 Jul 2025 | Other business matters | To consider other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 160 | 181 | 145 | 128 | 119 | 66 | 52 | 30 | 24 | 3 | 11 | 2 |
| Expenses | 156 | 177 | 152 | 126 | 124 | 71 | 51 | 30 | 24 | 4 | 3 | 1 |
| Operating Profit | 4 | 4 | −7 | 3 | −6 | −5 | 1 | 0 | −0 | −1 | 8 | 1 |
| OPM % | 2.5% | 2% | −4.8% | 2.1% | −4.7% | −7.7% | 1.7% | 0.8% | −1.7% | −29.4% | 71.6% | 37.8% |
| Other Income | 0 | 0 | −16 | 6 | 0 | 0 | 0 | 0 | 0 | 17 | 54 | −5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 1 | 0 | −26 | 6 | −9 | −8 | −3 | −3 | −3 | 13 | 59 | −7 |
| Tax % | 18.4% | 12.8% | −10.2% | 39.2% | −24.6% | −24.1% | −24.7% | −26% | −25.2% | 6.9% | 39% | 24.4% |
| Net Profit | 1 | 0 | −24 | 4 | −7 | −6 | −2 | −4 | −6 | 14 | 38 | −8 |
| EPS in Rs | 0.35 | 0.18 | −12.18 | 2.23 | −3.38 | −3.22 | −1.09 | −2.27 | −2.91 | 6.94 | 19.43 | −4.25 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −18%
- 5 Years
- −41%
- 3 Years
- −61%
- TTM
- −86%
- 10 Years
- 1%
- 5 Years
- −14%
- 3 Years
- —
- TTM
- −167%
- 10 Years
- 24%
- 5 Years
- 26%
- 3 Years
- 16%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −109%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Shah Alloys | ₹ 70.99 | ₹ 140 Cr. | 3x | 1.3x | −101% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 42.2x | 3.1x | — | 14.8% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 19.2x | 2.3x | 11.2% | 4.7% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 28.4x | 7.7x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 26.1x | 2.1x | — | 7.5% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 17.3x | 1.1x | 5.7% | 3% |
Management
- Narayanlal F. Shah
- Compliance Officer, Company Secretary
- Ashok A. Sharma
- Whole Time Director
- Rajnikant Amrutlal Vyas
- Additional Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.