Shah Alloys Ltd.
•₹ 77.310.01%
2026-08-21
PROS
- Company is almost debt free
- Working capital cycle has improved - days down from -91 to -219
- Company converts assets efficiently - asset turnover of 1.8x
CONS
- Company is loss-making at the operating / net level
- Net worth is negative - accumulated losses have eroded equity
- Operating cash flow has been negative in recent years
- Company has a low return on equity of -403.1% over last 3 years
- Company has a low return on capital employed of -14.2%
- Interest coverage is weak at -4.7x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JSWSTEEL | 1281.30 | 12.64 | 313336.02 | 0.55 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| 2. | TATASTEEL | 184.00 | 20.82 | 229695.59 | 2.17 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| 3. | SAIL | 172.50 | 16.68 | 71251.56 | 1.36 | 1644.05 | 120.80 | 26245.67 | 1.25 | 6.39 | 15.92 |
| 4. | JSL | 723.75 | 18.37 | 59667.37 | 0.55 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| 5. | APLAPOLLO | 2115.90 | 47.80 | 58749.74 | 0.40 | 263.11 | 10.94 | 5606.71 | 12.07 | 22.90 | 7.34 |
| 6. | WELCORP | 1974.70 | 22.56 | 52090.74 | 0.25 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| 7. | SHYAMMETL | 988.70 | 24.57 | 27597.77 | 0.46 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| 8. | SARDAEN | 512.45 | 15.98 | 18057.78 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 15.84 | 41.59 |
| 9. | JINDALSAW | 268.95 | 26.32 | 17199.57 | 0.74 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| 10. | GPIL | 246.30 | 20.55 | 16578.39 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 23.51 | 19.36 |
| 11. | RATNAMANI | 2295.95 | 37.17 | 16092.77 | 0.44 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| 12. | SHAHALLOYS | 81.38 | 1.50 | 161.11 | 0.00 | -8.41 | -87.31 | 0.38 | -98.75 | -25.75 | -2613.16 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 152 | 142 | 180 | 143 | 128 | 119 | 66 | 52 | 30 | 24 | 3 | 10 | 0 | |
| 159 | 156 | 177 | 152 | 126 | 124 | 71 | 51 | 30 | 24 | 4 | 3 | 1 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 18 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 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 | 2 |
| -9 | 1 | 0 | -26 | 6 | -9 | -8 | -3 | -3 | -3 | 13 | 59 | -7 | |
| Tax % | 23.90% | 18.42% | 12.82% | 10.21% | 39.22% | 24.61% | 24.05% | 24.71% | 26.02% | 25.16% | 6.90% | 39.02% | -24.35% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | -7 | -6 | -2 | -45 | -58 | 14 | 38 | -8 |
| -3 | 0 | 0 | -12 | 2 | -3 | -3 | -1 | -2 | -3 | 7 | 19 | -4 | |
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Mar 2023
- 152
- 159
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -9
- Tax %
- 23.90%
- Net Profit
- 0
- -3
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2023
- 142
- 156
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 18.42%
- Net Profit
- 0
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 180
- 177
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 0
- Tax %
- 12.82%
- Net Profit
- 0
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 143
- 152
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- -26
- Tax %
- 10.21%
- Net Profit
- 0
- -12
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 128
- 126
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 39.22%
- Net Profit
- 0
- 2
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 119
- 124
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -9
- Tax %
- 24.61%
- Net Profit
- -7
- -3
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 66
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -8
- Tax %
- 24.05%
- Net Profit
- -6
- -3
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 52
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -3
- Tax %
- 24.71%
- Net Profit
- -2
- -1
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 30
- 30
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -3
- Tax %
- 26.02%
- Net Profit
- -45
- -2
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 24
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -3
- Tax %
- 25.16%
- Net Profit
- -58
- -3
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 13
- Tax %
- 6.90%
- Net Profit
- 14
- 7
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 10
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 59
- Tax %
- 39.02%
- Net Profit
- 38
- 19
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 2
- -7
- Tax %
- -24.35%
- Net Profit
- -8
- -4
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 261 | 311 | 480 | 570 | 489 | 502 | 880 | 626 | 592 | 267 | 37 | |
| 279 | 312 | 481 | 569 | 545 | 486 | 763 | 622 | 610 | 277 | 32 | |
| Operating Profit | -17 | 0 | 0 | 8 | -55 | 41 | 123 | 6 | 3 | -9 | — |
| OPM % | -6 | 0 | 0 | 1 | -11 | 8 | 14 | 1 | 1 | -4 | — |
| Other Income | 1 | 1 | 1 | 7 | 1 | 25 | 6 | 2 | 21 | 1 | 0 |
| Interest | 23 | 14 | 0 | 0 | 0 | 2 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 18 | 14 | 14 | 13 | 13 | 13 | 11 | 9 | 9 | 9 | 7 |
| 189 | 53 | 127 | -12 | 24 | 42 | 109 | -5 | -19 | -25 | 63 | |
| Tax % | 34 | 19 | 67 | 106 | 120 | 231 | 25 | 30 | 1 | 22 | 40 |
| Net Profit | 124 | 43 | 42 | 1 | -5 | -56 | 82 | -3 | -19 | -20 | 38 |
| EPS | 0 | 0 | 0 | 0 | 0 | -28 | 41 | -2 | -9 | -10 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | -3 | -7 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | 61 | 18 | 21 | 4 | -2 | -28 | 41 | -2 | -9 | -10 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | -3 | -7 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | 61 | 18 | 21 | 4 | -2 | -28 | 41 | -2 | -9 | -10 | — |
Mar 2016
- 261
- 279
- Operating Profit
- -17
- OPM %
- -6
- Other Income
- 1
- Interest
- 23
- Depreciation
- 18
- 189
- Tax %
- 34
- Net Profit
- 124
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -3
- Adjusted EPS
- 61
- Minority Interest
- 0
- Share of Associates
- -3
- Adjusted EPS
- 61
Mar 2017
- 311
- 312
- Operating Profit
- 0
- OPM %
- 0
- Other Income
- 1
- Interest
- 14
- Depreciation
- 14
- 53
- Tax %
- 19
- Net Profit
- 43
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -7
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- -7
- Adjusted EPS
- 18
Mar 2018
- 480
- 481
- Operating Profit
- 0
- OPM %
- 0
- Other Income
- 1
- Interest
- 0
- Depreciation
- 14
- 127
- Tax %
- 67
- Net Profit
- 42
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2019
- 570
- 569
- Operating Profit
- 8
- OPM %
- 1
- Other Income
- 7
- Interest
- 0
- Depreciation
- 13
- -12
- Tax %
- 106
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 7
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 7
- Adjusted EPS
- 4
Mar 2020
- 489
- 545
- Operating Profit
- -55
- OPM %
- -11
- Other Income
- 1
- Interest
- 0
- Depreciation
- 13
- 24
- Tax %
- 120
- Net Profit
- -5
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2021
- 502
- 486
- Operating Profit
- 41
- OPM %
- 8
- Other Income
- 25
- Interest
- 2
- Depreciation
- 13
- 42
- Tax %
- 231
- Net Profit
- -56
- EPS
- -28
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -28
Mar 2022
- 880
- 763
- Operating Profit
- 123
- OPM %
- 14
- Other Income
- 6
- Interest
- 2
- Depreciation
- 11
- 109
- Tax %
- 25
- Net Profit
- 82
- EPS
- 41
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
Mar 2023
- 626
- 622
- Operating Profit
- 6
- OPM %
- 1
- Other Income
- 2
- Interest
- 3
- Depreciation
- 9
- -5
- Tax %
- 30
- Net Profit
- -3
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 592
- 610
- Operating Profit
- 3
- OPM %
- 1
- Other Income
- 21
- Interest
- 4
- Depreciation
- 9
- -19
- Tax %
- 1
- Net Profit
- -19
- EPS
- -9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
Mar 2025
- 267
- 277
- Operating Profit
- -9
- OPM %
- -4
- Other Income
- 1
- Interest
- 4
- Depreciation
- 9
- -25
- Tax %
- 22
- Net Profit
- -20
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -10
TTM
- 37
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 7
- 63
- Tax %
- 40
- Net Profit
- 38
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 0%
- 5 Years:
- -11%
- 3 Years:
- -33%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 23%
- 5 Years:
- 39%
- 3 Years:
- 14%
- 1 Year:
- 38%
RETURN ON EQUITY
- 10 Years:
- -121%
- 5 Years:
- -242%
- 3 Years:
- -403%
- Last Year:
- -1110%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| -400 | -295 | -193 | -186 | -38 | -74 | 13 | 11 | -9 | -27 | |
| 131 | 72 | 0 | 0 | 0 | 31 | 42 | 70 | 77 | 75 | |
| Trade Payables | 73 | 80 | 50 | 116 | 145 | 130 | 116 | 124 | 113 | 76 |
| 454 | 414 | 368 | 345 | 107 | 99 | 60 | 4 | -16 | -27 | |
| Total Liabilities | 278 | 290 | 245 | 295 | 235 | 206 | 251 | 229 | 185 | 117 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 157 | 143 | 131 | 119 | 106 | 93 | 82 | 73 | 67 | 57 | |
| Capital Work in Progress | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 0 | 0 | 0 | 0 | 0 | 0 | 6 | 7 | 7 | 5 | |
| 82 | 117 | 84 | 125 | 85 | 71 | 118 | 109 | 82 | 30 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 1 | |
| Cash & Bank | 3 | 2 | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 3 |
| 27 | 19 | 20 | 42 | 34 | 32 | 36 | 31 | 12 | 12 | |
| Total Assets | 278 | 290 | 245 | 295 | 235 | 206 | 251 | 229 | 185 | 117 |
| Total Debt | 419 | 410 | 335 | 311 | 209 | 184 | 117 | 74 | 80 | 79 |
| Net Working Capital | -655 | -524 | -274 | -348 | -150 | -170 | -110 | -119 | -148 | -161 |
| Contingent Liabilities | 1,028 | 1,035 | 498 | 493 | 493 | 1,277 | 1,416 | 588 | 127 | 182 |
| Book Value per Share | -191.88 | -139.02 | -87.57 | -83.75 | -9.06 | -27.62 | 16.70 | 15.40 | 5.68 | -3.88 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 419 | 410 | 335 | 311 | 209 | 184 | 117 | 74 | 80 | 79 |
| Net Working Capital | -655 | -524 | -274 | -348 | -150 | -170 | -110 | -119 | -148 | -161 |
| Contingent Liabilities | 1,028 | 1,035 | 498 | 493 | 493 | 1,277 | 1,416 | 588 | 127 | 182 |
| Book Value per Share | -191.88 | -139.02 | -87.57 | -83.75 | -9.06 | -27.62 | 16.70 | 15.40 | 5.68 | -3.88 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 20
- -400
- 131
- Trade Payables
- 73
- 454
- Total Liabilities
- 278
- 157
- Capital Work in Progress
- 9
- 0
- 82
- 0
- Cash & Bank
- 3
- 27
- Total Assets
- 278
- Total Debt
- 419
- Net Working Capital
- -655
- Contingent Liabilities
- 1,028
- Book Value per Share
- -191.88
- Face Value
- 10.00
- Total Debt
- 419
- Net Working Capital
- -655
- Contingent Liabilities
- 1,028
- Book Value per Share
- -191.88
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 20
- -295
- 72
- Trade Payables
- 80
- 414
- Total Liabilities
- 290
- 143
- Capital Work in Progress
- 9
- 0
- 117
- 0
- Cash & Bank
- 2
- 19
- Total Assets
- 290
- Total Debt
- 410
- Net Working Capital
- -524
- Contingent Liabilities
- 1,035
- Book Value per Share
- -139.02
- Face Value
- 10.00
- Total Debt
- 410
- Net Working Capital
- -524
- Contingent Liabilities
- 1,035
- Book Value per Share
- -139.02
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 20
- -193
- 0
- Trade Payables
- 50
- 368
- Total Liabilities
- 245
- 131
- Capital Work in Progress
- 9
- 0
- 84
- 0
- Cash & Bank
- 1
- 20
- Total Assets
- 245
- Total Debt
- 335
- Net Working Capital
- -274
- Contingent Liabilities
- 498
- Book Value per Share
- -87.57
- Face Value
- 10.00
- Total Debt
- 335
- Net Working Capital
- -274
- Contingent Liabilities
- 498
- Book Value per Share
- -87.57
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 20
- -186
- 0
- Trade Payables
- 116
- 345
- Total Liabilities
- 295
- 119
- Capital Work in Progress
- 9
- 0
- 125
- 0
- Cash & Bank
- 0
- 42
- Total Assets
- 295
- Total Debt
- 311
- Net Working Capital
- -348
- Contingent Liabilities
- 493
- Book Value per Share
- -83.75
- Face Value
- 10.00
- Total Debt
- 311
- Net Working Capital
- -348
- Contingent Liabilities
- 493
- Book Value per Share
- -83.75
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 20
- -38
- 0
- Trade Payables
- 145
- 107
- Total Liabilities
- 235
- 106
- Capital Work in Progress
- 9
- 0
- 85
- 0
- Cash & Bank
- 0
- 34
- Total Assets
- 235
- Total Debt
- 209
- Net Working Capital
- -150
- Contingent Liabilities
- 493
- Book Value per Share
- -9.06
- Face Value
- 10.00
- Total Debt
- 209
- Net Working Capital
- -150
- Contingent Liabilities
- 493
- Book Value per Share
- -9.06
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 20
- -74
- 31
- Trade Payables
- 130
- 99
- Total Liabilities
- 206
- 93
- Capital Work in Progress
- 9
- 0
- 71
- 0
- Cash & Bank
- 2
- 32
- Total Assets
- 206
- Total Debt
- 184
- Net Working Capital
- -170
- Contingent Liabilities
- 1,277
- Book Value per Share
- -27.62
- Face Value
- 10.00
- Total Debt
- 184
- Net Working Capital
- -170
- Contingent Liabilities
- 1,277
- Book Value per Share
- -27.62
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 20
- 13
- 42
- Trade Payables
- 116
- 60
- Total Liabilities
- 251
- 82
- Capital Work in Progress
- 9
- 6
- 118
- 0
- Cash & Bank
- 0
- 36
- Total Assets
- 251
- Total Debt
- 117
- Net Working Capital
- -110
- Contingent Liabilities
- 1,416
- Book Value per Share
- 16.70
- Face Value
- 10.00
- Total Debt
- 117
- Net Working Capital
- -110
- Contingent Liabilities
- 1,416
- Book Value per Share
- 16.70
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 20
- 11
- 70
- Trade Payables
- 124
- 4
- Total Liabilities
- 229
- 73
- Capital Work in Progress
- 9
- 7
- 109
- 0
- Cash & Bank
- 0
- 31
- Total Assets
- 229
- Total Debt
- 74
- Net Working Capital
- -119
- Contingent Liabilities
- 588
- Book Value per Share
- 15.40
- Face Value
- 10.00
- Total Debt
- 74
- Net Working Capital
- -119
- Contingent Liabilities
- 588
- Book Value per Share
- 15.40
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 20
- -9
- 77
- Trade Payables
- 113
- -16
- Total Liabilities
- 185
- 67
- Capital Work in Progress
- 9
- 7
- 82
- 7
- Cash & Bank
- 0
- 12
- Total Assets
- 185
- Total Debt
- 80
- Net Working Capital
- -148
- Contingent Liabilities
- 127
- Book Value per Share
- 5.68
- Face Value
- 10.00
- Total Debt
- 80
- Net Working Capital
- -148
- Contingent Liabilities
- 127
- Book Value per Share
- 5.68
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 20
- -27
- 75
- Trade Payables
- 76
- -27
- Total Liabilities
- 117
- 57
- Capital Work in Progress
- 9
- 5
- 30
- 1
- Cash & Bank
- 3
- 12
- Total Assets
- 117
- Total Debt
- 79
- Net Working Capital
- -161
- Contingent Liabilities
- 182
- Book Value per Share
- -3.88
- Face Value
- 10.00
- Total Debt
- 79
- Net Working Capital
- -161
- Contingent Liabilities
- 182
- Book Value per Share
- -3.88
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 49 | 78 | 124 | 14 | 121 | 151 | 68 | 43 | -6 | -5 | |
| Cash from Investing | 6 | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 4 | 1 |
| Cash from Financing | -53 | -80 | -124 | -13 | -121 | -150 | -70 | -44 | 3 | 6 |
| 2 | -1 | -1 | -1 | -0 | 1 | -1 | -0 | 0 | 2 | |
| Free Cash Flow | 49 | 78 | 123 | 13 | 121 | 151 | 68 | 43 | -6 | -5 |
| OCF / Net Profit | 0.39 | 1.81 | 2.95 | 19.02 | -25.99 | -2.71 | 0.83 | -13.46 | 0.34 | 0.23 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 384 | 486 | 476 | 396 | 377 | 252 |
| OCF / Net Profit | 0.39 | 1.81 | 2.95 | 19.02 | -25.99 | -2.71 | 0.83 | -13.46 | 0.34 | 0.23 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 384 | 486 | 476 | 396 | 377 | 252 |
Mar 2016
- 49
- Cash from Investing
- 6
- Cash from Financing
- -53
- 2
- Free Cash Flow
- 49
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 0
Mar 2017
- 78
- Cash from Investing
- 0
- Cash from Financing
- -80
- -1
- Free Cash Flow
- 78
- OCF / Net Profit
- 1.81
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.81
- Cumulative 5-Year FCF
- 0
Mar 2018
- 124
- Cash from Investing
- -1
- Cash from Financing
- -124
- -1
- Free Cash Flow
- 123
- OCF / Net Profit
- 2.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.95
- Cumulative 5-Year FCF
- 0
Mar 2019
- 14
- Cash from Investing
- -1
- Cash from Financing
- -13
- -1
- Free Cash Flow
- 13
- OCF / Net Profit
- 19.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 19.02
- Cumulative 5-Year FCF
- 0
Mar 2020
- 121
- Cash from Investing
- 0
- Cash from Financing
- -121
- -0
- Free Cash Flow
- 121
- OCF / Net Profit
- -25.99
- Cumulative 5-Year FCF
- 384
- OCF / Net Profit
- -25.99
- Cumulative 5-Year FCF
- 384
Mar 2021
- 151
- Cash from Investing
- 0
- Cash from Financing
- -150
- 1
- Free Cash Flow
- 151
- OCF / Net Profit
- -2.71
- Cumulative 5-Year FCF
- 486
- OCF / Net Profit
- -2.71
- Cumulative 5-Year FCF
- 486
Mar 2022
- 68
- Cash from Investing
- 0
- Cash from Financing
- -70
- -1
- Free Cash Flow
- 68
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 476
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 476
Mar 2023
- 43
- Cash from Investing
- 0
- Cash from Financing
- -44
- -0
- Free Cash Flow
- 43
- OCF / Net Profit
- -13.46
- Cumulative 5-Year FCF
- 396
- OCF / Net Profit
- -13.46
- Cumulative 5-Year FCF
- 396
Mar 2024
- -6
- Cash from Investing
- 4
- Cash from Financing
- 3
- 0
- Free Cash Flow
- -6
- OCF / Net Profit
- 0.34
- Cumulative 5-Year FCF
- 377
- OCF / Net Profit
- 0.34
- Cumulative 5-Year FCF
- 377
Mar 2025
- -5
- Cash from Investing
- 1
- Cash from Financing
- 6
- 2
- Free Cash Flow
- -5
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 252
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 252
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 61.09 | 18.42 | 21.26 | 3.80 | -2.35 | -28.18 | 41.47 | -1.62 | -9.42 | -9.97 |
| Book Value (₹) | -191.88 | -139.02 | -87.57 | -83.75 | -9.06 | -27.62 | 16.70 | 15.40 | 5.68 | -3.88 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 72.00 | 28.70 | 28.15 | 6.95 | 4.21 | -21.63 | 47.18 | 2.90 | -4.92 | -5.32 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -5.65% | 0.11% | 0.03% | 1.32% | -11.18% | 8.15% | 13.96% | 0.91% | -2.93% | -3.81% |
| Net Margin % | 42.56% | 12.34% | 8.77% | 0.13% | -0.95% | -11.12% | 9.33% | -0.51% | -3.13% | -7.36% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -10.10% | -89.36% | -1109.73% |
| ROCE % | 0.00% | 77.78% | 85.95% | -8.01% | 14.49% | 27.56% | 79.80% | -1.53% | -15.18% | -25.75% |
| 41.20% | 15.15% | 15.72% | 0.28% | -1.76% | -25.29% | 35.92% | -1.34% | -9.02% | -13.09% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 16 | 9 | 4 | 10 | 20 | 14 | 6 | 8 | 7 | 6 |
| Inventory Days | 103 | 104 | 77 | 67 | 78 | 57 | 39 | 65 | 58 | 76 |
| Payable Days | 128 | 155 | 70 | 76 | 133 | 146 | 78 | 99 | 101 | 178 |
| -9 | -42 | 11 | 2 | -35 | -75 | -33 | -26 | -36 | -96 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -1.10x | -1.49x | -1.93x | -1.87x | -11.63x | -3.37x | 3.54x | 2.42x | 7.13x | -10.26x |
| Interest Coverage (x) | 9.12x | 4.69x | 496.85x | -55.20x | 49.63x | 26.63x | 50.50x | -0.75x | -3.69x | -4.68x |
| 0.14x | 0.20x | 0.27x | 0.32x | 0.43x | 0.36x | 0.57x | 0.52x | 0.38x | 0.18x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -0.14% | 19.30% | 54.08% | 18.81% | -14.15% | 2.57% | 75.34% | -28.84% | -5.41% | -55.01% |
| Operating Profit Growth % | 52.63% | 102.38% | -60.04% | 4692.61% | -827.43% | 174.80% | 200.29% | -95.33% | -40.89% | -378.74% |
| Net Profit Growth % | 192.02% | -65.37% | -2.27% | -98.22% | -721.13% | -1099.01% | 247.15% | -103.91% | -480.72% | -5.82% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -480.73% | -5.82% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.23x | -11.83x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 57.48x | -17.68x |
Mar 2016
- EPS (₹)
- 61.09
- Book Value (₹)
- -191.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 72.00
- Operating Margin %
- -5.65%
- Net Margin %
- 42.56%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 41.20%
- Debtor Days
- 16
- Inventory Days
- 103
- Payable Days
- 128
- -9
- Debt to Equity (x)
- -1.10x
- Interest Coverage (x)
- 9.12x
- 0.14x
- Revenue Growth %
- -0.14%
- Operating Profit Growth %
- 52.63%
- Net Profit Growth %
- 192.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 18.42
- Book Value (₹)
- -139.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.70
- Operating Margin %
- 0.11%
- Net Margin %
- 12.34%
- ROE %
- 0.00%
- ROCE %
- 77.78%
- 15.15%
- Debtor Days
- 9
- Inventory Days
- 104
- Payable Days
- 155
- -42
- Debt to Equity (x)
- -1.49x
- Interest Coverage (x)
- 4.69x
- 0.20x
- Revenue Growth %
- 19.30%
- Operating Profit Growth %
- 102.38%
- Net Profit Growth %
- -65.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 21.26
- Book Value (₹)
- -87.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.15
- Operating Margin %
- 0.03%
- Net Margin %
- 8.77%
- ROE %
- 0.00%
- ROCE %
- 85.95%
- 15.72%
- Debtor Days
- 4
- Inventory Days
- 77
- Payable Days
- 70
- 11
- Debt to Equity (x)
- -1.93x
- Interest Coverage (x)
- 496.85x
- 0.27x
- Revenue Growth %
- 54.08%
- Operating Profit Growth %
- -60.04%
- Net Profit Growth %
- -2.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 3.80
- Book Value (₹)
- -83.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.95
- Operating Margin %
- 1.32%
- Net Margin %
- 0.13%
- ROE %
- 0.00%
- ROCE %
- -8.01%
- 0.28%
- Debtor Days
- 10
- Inventory Days
- 67
- Payable Days
- 76
- 2
- Debt to Equity (x)
- -1.87x
- Interest Coverage (x)
- -55.20x
- 0.32x
- Revenue Growth %
- 18.81%
- Operating Profit Growth %
- 4692.61%
- Net Profit Growth %
- -98.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -2.35
- Book Value (₹)
- -9.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.21
- Operating Margin %
- -11.18%
- Net Margin %
- -0.95%
- ROE %
- 0.00%
- ROCE %
- 14.49%
- -1.76%
- Debtor Days
- 20
- Inventory Days
- 78
- Payable Days
- 133
- -35
- Debt to Equity (x)
- -11.63x
- Interest Coverage (x)
- 49.63x
- 0.43x
- Revenue Growth %
- -14.15%
- Operating Profit Growth %
- -827.43%
- Net Profit Growth %
- -721.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -28.18
- Book Value (₹)
- -27.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -21.63
- Operating Margin %
- 8.15%
- Net Margin %
- -11.12%
- ROE %
- 0.00%
- ROCE %
- 27.56%
- -25.29%
- Debtor Days
- 14
- Inventory Days
- 57
- Payable Days
- 146
- -75
- Debt to Equity (x)
- -3.37x
- Interest Coverage (x)
- 26.63x
- 0.36x
- Revenue Growth %
- 2.57%
- Operating Profit Growth %
- 174.80%
- Net Profit Growth %
- -1099.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 41.47
- Book Value (₹)
- 16.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 47.18
- Operating Margin %
- 13.96%
- Net Margin %
- 9.33%
- ROE %
- 0.00%
- ROCE %
- 79.80%
- 35.92%
- Debtor Days
- 6
- Inventory Days
- 39
- Payable Days
- 78
- -33
- Debt to Equity (x)
- 3.54x
- Interest Coverage (x)
- 50.50x
- 0.57x
- Revenue Growth %
- 75.34%
- Operating Profit Growth %
- 200.29%
- Net Profit Growth %
- 247.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -1.62
- Book Value (₹)
- 15.40
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.90
- Operating Margin %
- 0.91%
- Net Margin %
- -0.51%
- ROE %
- -10.10%
- ROCE %
- -1.53%
- -1.34%
- Debtor Days
- 8
- Inventory Days
- 65
- Payable Days
- 99
- -26
- Debt to Equity (x)
- 2.42x
- Interest Coverage (x)
- -0.75x
- 0.52x
- Revenue Growth %
- -28.84%
- Operating Profit Growth %
- -95.33%
- Net Profit Growth %
- -103.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -9.42
- Book Value (₹)
- 5.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.92
- Operating Margin %
- -2.93%
- Net Margin %
- -3.13%
- ROE %
- -89.36%
- ROCE %
- -15.18%
- -9.02%
- Debtor Days
- 7
- Inventory Days
- 58
- Payable Days
- 101
- -36
- Debt to Equity (x)
- 7.13x
- Interest Coverage (x)
- -3.69x
- 0.38x
- Revenue Growth %
- -5.41%
- Operating Profit Growth %
- -40.89%
- Net Profit Growth %
- -480.72%
- -480.73%
- P/E (x)
- 0.00x
- P/B (x)
- 10.23x
- Dividend Yield %
- 0.00%
- 57.48x
Mar 2025
- EPS (₹)
- -9.97
- Book Value (₹)
- -3.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -5.32
- Operating Margin %
- -3.81%
- Net Margin %
- -7.36%
- ROE %
- -1109.73%
- ROCE %
- -25.75%
- -13.09%
- Debtor Days
- 6
- Inventory Days
- 76
- Payable Days
- 178
- -96
- Debt to Equity (x)
- -10.26x
- Interest Coverage (x)
- -4.68x
- 0.18x
- Revenue Growth %
- -55.01%
- Operating Profit Growth %
- -378.74%
- Net Profit Growth %
- -5.82%
- -5.82%
- P/E (x)
- 0.00x
- P/B (x)
- -11.83x
- Dividend Yield %
- 0.00%
- -17.68x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-13 - Shah Alloys Limited has informed the Exchange about Copy of Newspaper Publication
- General Updates
2026-08-12 - Shah Alloys Limited has informed the Exchange about General Updates
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.