Shah Alloys Ltd
Shah Alloys Ltd (SHAHALLOYS) last reported results for the quarter ended Mar 2026, with sales of ₹2.25 crore and net profit of ₹-8.41 crore. The stock last traded at ₹78.6, a market capitalisation of ₹156 crore. Over the past 52 weeks the stock has ranged between ₹53.1 and ₹117. Figures are as of 9 Oct 2026 and are not real time.
Shah Alloys Ltd share price and key metrics
- Current price
- ₹78.6
- Market cap
- ₹156 cr
- Book value
- ₹56.8
- ROE
- -101%
- ROCE
- 0.49%
- Dividend yield
- 0.00%
- 52w high / low
- 117/53.1
Metrics as of 9 Oct 2026. Not real time.
Track Shah Alloys Ltd
Cruxal reads every Shah Alloys Ltd filing as it lands, scores what it means for the stock, and emails you the ones that matter. Free to start.
Shah Alloys Ltd growth and returns
- 10 Years
- -18%
- 5 Years
- -41%
- 3 Years
- -61%
- TTM
- -86%
- 10 Years
- 1%
- 5 Years
- -14%
- 3 Years
- %
- TTM
- -167%
- 10 Years
- 21%
- 5 Years
- 18%
- 3 Years
- 11%
- 1 Year
- 14%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -109%
- Last Year
- -101%
Shah Alloys Ltd quarterly results
In the quarter ended Mar 2026, sales were ₹2.25 cr, down 92.6% from ₹30.37 cr a year earlier. Net profit was ₹-8.41 cr, down 87.3% year on year.
| ₹ crore | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 66.31 | 52 | 30.37 | 23.64 | 2.96 | 10.58 | 2.25 |
| Expenses | 124 | 71.4 | 51.11 | 30.14 | 24.05 | 3.83 | 3.01 | 1.4 |
| Operating profit | -5.53 | -5.09 | 0.89 | 0.23 | -0.41 | -0.87 | 7.57 | 0.85 |
| OPM % | -4.66% | -7.68% | 1.71% | 0.76% | -1.73% | -29.39% | 71.55% | 37.78% |
| Other income | 0 | 0.05 | 0 | 0 | 0 | 16.92 | 54.36 | -5.39 |
| Interest | 1.11 | 1.11 | 1.14 | 1.12 | 1.05 | 1.08 | 1.04 | 0.44 |
| Depreciation | 2.3 | 2.29 | 2.3 | 2.3 | 1.64 | 1.64 | 1.69 | 1.59 |
| Profit before tax | -8.94 | -8.44 | -2.55 | -3.19 | -3.1 | 13.33 | 59.2 | -6.57 |
| Tax % | -24.61% | -24.05% | -24.71% | -26.02% | -25.16% | 6.90% | 39.02% | 24.35% |
| Net profit | -6.69 | -6.38 | -2.16 | -4.49 | -5.76 | 13.73 | 38.46 | -8.41 |
| EPS (₹) | -3.38 | -3.22 | -1.09 | -2.27 | -2.91 | 6.94 | 19.43 | -4.25 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Shah Alloys Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 299 | 480 | 570 | 489 | 502 | 880 | 626 | 592 | 267 | 37 |
| Operating profit | -7 | -7 | 1 | -56 | 16 | 117 | 4 | -17 | -13 | 5 |
| OPM % | -2.4% | -1.5% | 0.1% | -11% | 3.2% | 13% | 0.7% | -3.0% | -4.7% | 13% |
| Net profit | 36 | 36 | 8 | -5 | -56 | 82 | -3 | -19 | -20 | 108 |
| EPS (₹) | 18.43 | 17.99 | 3.80 | -2.35 | -28.19 | 41.47 | -1.62 | -9.42 | -9.97 | 54.42 |
TTM is the trailing twelve months to the most recent quarter.
Shah Alloys Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | -295 | -193 | -186 | -38 | -74 | 13 | 11 | -9 | -27 | 93 |
| Borrowings | 338 | 263 | 238 | 209 | 168 | 117 | 74 | 80 | 79 | 63 |
| Other liabilities | 566 | 368 | 448 | 241 | 191 | 172 | 197 | 166 | 123 | 32 |
| Total liabilities | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 | 208 |
| Fixed assets | 143 | 131 | 119 | 106 | 93 | 82 | 73 | 67 | 57 | 50 |
| CWIP | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 7 | 7 | 5 | 49 |
| Other assets | 476 | 317 | 392 | 316 | 202 | 225 | 212 | 174 | 124 | 108 |
| Total assets | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 | 208 |
As reported by the company. Total assets equal total liabilities by construction.
Shah Alloys Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 78 | 124 | 14 | 121 | 57 | 68 | 43 | -7 | 7 | -71 |
| Cash from investing | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 4 | 1 | 89 |
| Cash from financing | -80 | -124 | -13 | -121 | -56 | -70 | -44 | 3 | -6 | -20 |
| Net cash flow | -1 | -1 | -1 | -0 | 1 | -1 | -0 | -0 | 2 | -2 |
| Free cash flow | 78 | 123 | 13 | 121 | 57 | 68 | 43 | -3 | 8 | 8 |
| CFO / operating profit | -1,099% | -1,758% | 1,619% | -217% | 351% | 58% | 1,067% | 37% | -55% | -1,420% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Shah Alloys Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -39% | -26% | 2% | -51% | 18% | 85% | -2% | -5% | -26% | 0% |
| Debtor days | 9 | 3 | 18 | 18 | 10 | 6 | 9 | 4 | 2 | 11 |
| Inventory days | 241 | 89 | 114 | 87 | 75 | 74 | 90 | 70 | 57 | 381 |
| Days payable | 164 | 53 | 105 | 148 | 138 | 73 | 103 | 96 | 133 | 25 |
| Cash conversion cycle | 85 | 39 | 27 | -43 | -53 | 7 | -4 | -22 | -75 | 367 |
| Working capital days | -641 | -209 | -223 | -112 | -125 | -46 | -69 | -91 | -224 | -453 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Shah Alloys Ltd shareholding pattern
Promoters held 53.75% at Sep 2026, broadly unchanged since Sep 2025. FIIs 0.00%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 53.78% | 53.78% | 53.78% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.03% | 0.08% | 0.00% | 0.00% | 0.00% |
| Public | 46.21% | 46.22% | 46.22% | 46.22% | 46.18% | 46.26% | 46.26% | 46.25% |
| No. of shareholders | 10,259 | 10,417 | 10,096 | 9,961 | 9,530 | 9,321 | 9,156 | 9,404 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Shah Alloys Ltd corporate filings
- Submission of Certificate received from Bigshare Services Private Limited, RTA under Regulation 74(5) of the Securities and Exchange Board of India (DP) Regulations, 2018 for Quarter ended ....Company Updatelow impact
- Trading Window for dealing in the securities of the Company by designated Persons shall remain closed from October 01, 2026 till 48 hours after announcement /declaration of Financial Results ....Insider Trading / SASTlow impact
- Shah Alloys Limited shareholders approve strategic restructuring and asset monetization planAGM/EGMhigh impact
Cruxal's analysis: Shah Alloys Limited has received shareholder approval at its 36th Annual General Meeting…
Read the full analysis - Shah Alloys Limited Seeks Shareholder Approval for Strategic Restructuring and Asset MonetizationAGM/EGMhigh impact
Cruxal's analysis: Shah Alloys Limited has formally sought shareholder approval via special resolutions at…
Read the full analysis - Shah Alloys Limited: Disclosure of Substantial Acquisition of Shares by Promoter-Linked EntitiesInsider Trading / SASTlow impact
Cruxal's analysis: Shah Alloys Limited has received a disclosure under SEBI Regulation 29(1) indicating that…
Read the full analysis - Shah Alloys Limited: Disclosure of 5% Stake Threshold Breach by Non-Promoter InvestorsInsider Trading / SASTlow impact
Cruxal's analysis: Shah Alloys Limited has received a disclosure under SEBI SAST Regulations indicating that…
Read the full analysis - Shah Alloys Ltd issues clarification regarding recent stock price movementCompany Updatelow impact
Cruxal's analysis: Shah Alloys Ltd has issued a formal clarification in response to exchange inquiries dated…
Read the full analysis - Shah Alloys Ltd announces 36th Annual General Meeting details via newspaper publicationCompany Updatelow impact
Cruxal's analysis: Shah Alloys Ltd has submitted newspaper clippings regarding the notice of its 36th Annual…
Read the full analysis - Shah Alloys Ltd submits Annual Report 2025-26 and Notice of 36th AGMOtherslow impact
Cruxal's analysis: Shah Alloys Ltd has filed its Annual Report for the financial year 2025-26, which…
Read the full analysis - Shah Alloys Ltd. Announces 36th AGM with Strategic Pivot to Real Estate and Commodity TradingAGM/EGMhigh impact
Cruxal's analysis: Shah Alloys Ltd. has scheduled its 36th Annual General Meeting for September 18, 2026, to…
Read the full analysis - Shah Alloys Ltd. Reports Continued Financial Losses for Quarter Ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Shah Alloys Ltd. has published its financial results for the quarter ended June 30, 2026…
Read the full analysis - Shah Alloys initiates strategic review for potential restructuring and asset monetizationCompany Updatemedium impact
Cruxal's analysis: Shah Alloys has announced a strategic review process aimed at the potential restructuring…
Read the full analysis - Shah Alloys initiates strategic asset monetization and business diversification into real estate and commodity tradingResulthigh impact
Cruxal's analysis: Shah Alloys Limited has announced a strategic pivot to unlock value from its…
Read the full analysis - Shah Alloys Ltd. schedules Board Meeting for August 12, 2026, to approve Q1 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: Shah Alloys Ltd. has formally intimated the stock exchanges regarding a Board Meeting…
Read the full analysis
This page shows filings on a one-hour delay. Sign in to see them as they land, with Cruxal's analysis of what each one means.
Cruxal publishes market data and coverage for information only. Nothing here is investment advice.