Shah Alloys Ltd.
•₹ 77.310.01%
2026-08-21
PROS
- Working capital cycle has improved - days down from -91 to -219
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Company has a low return on equity of -12.0% over last 3 years
- Company has a low return on capital employed of -4.0%
- Interest coverage is weak at -6.4x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.80x)
* 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 | 1296.00 | 12.79 | 316930.83 | 0.55 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| 2. | TATASTEEL | 183.25 | 20.73 | 228759.33 | 2.18 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| 3. | SAIL | 174.85 | 16.90 | 72222.23 | 1.34 | 1644.05 | 120.80 | 26245.67 | 1.25 | 6.39 | 15.92 |
| 4. | APLAPOLLO | 2142.50 | 48.40 | 59488.31 | 0.40 | 263.11 | 10.94 | 5606.71 | 12.07 | 22.90 | 7.34 |
| 5. | JSL | 718.45 | 18.23 | 59230.43 | 0.56 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| 6. | WELCORP | 2004.10 | 22.89 | 52866.28 | 0.25 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| 7. | SHYAMMETL | 996.80 | 24.77 | 27823.86 | 0.45 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| 8. | SARDAEN | 508.30 | 15.85 | 17911.54 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 15.84 | 41.59 |
| 9. | JINDALSAW | 269.60 | 26.38 | 17241.14 | 0.74 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| 10. | GPIL | 247.45 | 20.65 | 16655.80 | 0.40 | 222.37 | 2.75 | 1750.47 | 32.29 | 23.51 | 19.36 |
| 11. | RATNAMANI | 2285.90 | 37.01 | 16022.33 | 0.44 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| 12. | SHAHALLOYS | 77.09 | 1.42 | 152.62 | 0.00 | -8.41 | -87.31 | 0.38 | -98.75 | -25.75 | -2613.16 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 142 | 180 | 143 | 128 | 119 | 66 | 52 | 30 | 24 | 3 | 10 | 0 | 0 | |
| 156 | 177 | 152 | 137 | 125 | 71 | 64 | 47 | 25 | 4 | 17 | 1 | 3 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 18 | 0 | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| 8 | 2 | -2 | -5 | -10 | 13 | -16 | -20 | -4 | 37 | 58 | 6 | -3 | |
| Tax % | 1.83% | 2.51% | 145.05% | -40.73% | 21.55% | -15.25% | 3.96% | 4.11% | 21.61% | 2.51% | 39.61% | 26.45% | 25.81% |
| Net Profit | 7 | 2 | 1 | -8 | -8 | 15 | -15 | -19 | -3 | 36 | 35 | 4 | -2 |
| 4 | 1 | 0 | -4 | -4 | 8 | -8 | -10 | -1 | 18 | 18 | 2 | -0 | |
| 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% |
Jun 2023
- 142
- 156
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 2
- 8
- Tax %
- 1.83%
- Net Profit
- 7
- 4
- 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
- 2
- Tax %
- 2.51%
- Net Profit
- 2
- 1
- 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
- 26
- Interest
- 1
- Depreciation
- 2
- -2
- Tax %
- 145.05%
- Net Profit
- 1
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 128
- 137
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -5
- Tax %
- -40.73%
- Net Profit
- -8
- -4
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 119
- 125
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -10
- Tax %
- 21.55%
- Net Profit
- -8
- -4
- 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
- 13
- Tax %
- -15.25%
- Net Profit
- 15
- 8
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 52
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -16
- Tax %
- 3.96%
- Net Profit
- -15
- -8
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 30
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -20
- Tax %
- 4.11%
- Net Profit
- -19
- -10
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 24
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -4
- Tax %
- 21.61%
- Net Profit
- -3
- -1
- 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
- 37
- Tax %
- 2.51%
- Net Profit
- 36
- 18
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 10
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 58
- Tax %
- 39.61%
- Net Profit
- 35
- 18
- 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
- 6
- Tax %
- 26.45%
- Net Profit
- 4
- 2
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 0
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -3
- Tax %
- 25.81%
- Net Profit
- -2
- -0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 14 | |
| 279 | 312 | 481 | 569 | 555 | 486 | 763 | 622 | 610 | 287 | 25 | |
| Operating Profit | -17 | 0 | 0 | 8 | -65 | 45 | 144 | 17 | 25 | -19 | — |
| OPM % | -6 | 0 | 0 | 1 | -13 | 9 | 16 | 3 | 4 | -7 | — |
| Other Income | 1 | 1 | 1 | 7 | 1 | 29 | 27 | 13 | 42 | 1 | 0 |
| Interest | 23 | 14 | 0 | 0 | 0 | 2 | 2 | 3 | 4 | 4 | 3 |
| Depreciation | 18 | 14 | 14 | 13 | 13 | 13 | 11 | 9 | 9 | 9 | 6 |
| 189 | 53 | 127 | -12 | 14 | 47 | 130 | 5 | 2 | -33 | 98 | |
| Tax % | 34 | 19 | 67 | 106 | 204 | 211 | 21 | -25 | -10 | 17 | 25 |
| Net Profit | 124 | 43 | 42 | 1 | -14 | -52 | 103 | 7 | 3 | -27 | 73 |
| EPS | 0 | 0 | 0 | 0 | 0 | -26 | 52 | 3 | 1 | -14 | — |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 63 | 22 | 21 | 0 | -7 | -26 | 52 | 3 | 1 | -14 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 63 | 22 | 21 | 0 | -7 | -26 | 52 | 3 | 1 | -14 | — |
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
- 0
- Adjusted EPS
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 63
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
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
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
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 489
- 555
- Operating Profit
- -65
- OPM %
- -13
- Other Income
- 1
- Interest
- 0
- Depreciation
- 13
- 14
- Tax %
- 204
- Net Profit
- -14
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2021
- 502
- 486
- Operating Profit
- 45
- OPM %
- 9
- Other Income
- 29
- Interest
- 2
- Depreciation
- 13
- 47
- Tax %
- 211
- Net Profit
- -52
- EPS
- -26
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -26
Mar 2022
- 880
- 763
- Operating Profit
- 144
- OPM %
- 16
- Other Income
- 27
- Interest
- 2
- Depreciation
- 11
- 130
- Tax %
- 21
- Net Profit
- 103
- EPS
- 52
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 52
Mar 2023
- 626
- 622
- Operating Profit
- 17
- OPM %
- 3
- Other Income
- 13
- Interest
- 3
- Depreciation
- 9
- 5
- Tax %
- -25
- Net Profit
- 7
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 592
- 610
- Operating Profit
- 25
- OPM %
- 4
- Other Income
- 42
- Interest
- 4
- Depreciation
- 9
- 2
- Tax %
- -10
- Net Profit
- 3
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 267
- 287
- Operating Profit
- -19
- OPM %
- -7
- Other Income
- 1
- Interest
- 4
- Depreciation
- 9
- -33
- Tax %
- 17
- Net Profit
- -27
- EPS
- -14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -14
TTM
- 14
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 6
- 98
- Tax %
- 25
- Net Profit
- 73
- 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:
- 11%
- 1 Year:
- 38%
RETURN ON EQUITY
- 10 Years:
- 165%
- 5 Years:
- 331%
- 3 Years:
- -12%
- Last Year:
- -51%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| -391 | -280 | -171 | -171 | -33 | -65 | 38 | 45 | 47 | 21 | |
| 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 | 287 | 306 | 267 | 310 | 240 | 216 | 275 | 263 | 240 | 165 |
| 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 |
| 9 | 15 | 22 | 15 | 5 | 9 | 30 | 41 | 63 | 53 | |
| 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 | 287 | 306 | 267 | 310 | 240 | 216 | 275 | 263 | 240 | 165 |
| 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 | 1,057 | 493 | 493 | 1,224 | 1,347 | 547 | 55 | 104 |
| Book Value per Share | -187.46 | -131.27 | -76.55 | -76.15 | -6.43 | -22.90 | 29.05 | 32.75 | 33.74 | 20.36 |
| 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 | 1,057 | 493 | 493 | 1,224 | 1,347 | 547 | 55 | 104 |
| Book Value per Share | -187.46 | -131.27 | -76.55 | -76.15 | -6.43 | -22.90 | 29.05 | 32.75 | 33.74 | 20.36 |
| 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
- -391
- 131
- Trade Payables
- 73
- 454
- Total Liabilities
- 287
- 157
- Capital Work in Progress
- 9
- 9
- 82
- 0
- Cash & Bank
- 3
- 27
- Total Assets
- 287
- Total Debt
- 419
- Net Working Capital
- -655
- Contingent Liabilities
- 1,028
- Book Value per Share
- -187.46
- Face Value
- 10.00
- Total Debt
- 419
- Net Working Capital
- -655
- Contingent Liabilities
- 1,028
- Book Value per Share
- -187.46
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 20
- -280
- 72
- Trade Payables
- 80
- 414
- Total Liabilities
- 306
- 143
- Capital Work in Progress
- 9
- 15
- 117
- 0
- Cash & Bank
- 2
- 19
- Total Assets
- 306
- Total Debt
- 410
- Net Working Capital
- -524
- Contingent Liabilities
- 1,035
- Book Value per Share
- -131.27
- Face Value
- 10.00
- Total Debt
- 410
- Net Working Capital
- -524
- Contingent Liabilities
- 1,035
- Book Value per Share
- -131.27
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 20
- -171
- 0
- Trade Payables
- 50
- 368
- Total Liabilities
- 267
- 131
- Capital Work in Progress
- 9
- 22
- 84
- 0
- Cash & Bank
- 1
- 20
- Total Assets
- 267
- Total Debt
- 335
- Net Working Capital
- -274
- Contingent Liabilities
- 1,057
- Book Value per Share
- -76.55
- Face Value
- 10.00
- Total Debt
- 335
- Net Working Capital
- -274
- Contingent Liabilities
- 1,057
- Book Value per Share
- -76.55
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 20
- -171
- 0
- Trade Payables
- 116
- 345
- Total Liabilities
- 310
- 119
- Capital Work in Progress
- 9
- 15
- 125
- 0
- Cash & Bank
- 0
- 42
- Total Assets
- 310
- Total Debt
- 311
- Net Working Capital
- -348
- Contingent Liabilities
- 493
- Book Value per Share
- -76.15
- Face Value
- 10.00
- Total Debt
- 311
- Net Working Capital
- -348
- Contingent Liabilities
- 493
- Book Value per Share
- -76.15
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 20
- -33
- 0
- Trade Payables
- 145
- 107
- Total Liabilities
- 240
- 106
- Capital Work in Progress
- 9
- 5
- 85
- 0
- Cash & Bank
- 0
- 34
- Total Assets
- 240
- Total Debt
- 209
- Net Working Capital
- -150
- Contingent Liabilities
- 493
- Book Value per Share
- -6.43
- Face Value
- 10.00
- Total Debt
- 209
- Net Working Capital
- -150
- Contingent Liabilities
- 493
- Book Value per Share
- -6.43
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 20
- -65
- 31
- Trade Payables
- 130
- 99
- Total Liabilities
- 216
- 93
- Capital Work in Progress
- 9
- 9
- 71
- 0
- Cash & Bank
- 2
- 32
- Total Assets
- 216
- Total Debt
- 184
- Net Working Capital
- -170
- Contingent Liabilities
- 1,224
- Book Value per Share
- -22.90
- Face Value
- 10.00
- Total Debt
- 184
- Net Working Capital
- -170
- Contingent Liabilities
- 1,224
- Book Value per Share
- -22.90
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 20
- 38
- 42
- Trade Payables
- 116
- 60
- Total Liabilities
- 275
- 82
- Capital Work in Progress
- 9
- 30
- 118
- 0
- Cash & Bank
- 0
- 36
- Total Assets
- 275
- Total Debt
- 117
- Net Working Capital
- -110
- Contingent Liabilities
- 1,347
- Book Value per Share
- 29.05
- Face Value
- 10.00
- Total Debt
- 117
- Net Working Capital
- -110
- Contingent Liabilities
- 1,347
- Book Value per Share
- 29.05
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 20
- 45
- 70
- Trade Payables
- 124
- 4
- Total Liabilities
- 263
- 73
- Capital Work in Progress
- 9
- 41
- 109
- 0
- Cash & Bank
- 0
- 31
- Total Assets
- 263
- Total Debt
- 74
- Net Working Capital
- -119
- Contingent Liabilities
- 547
- Book Value per Share
- 32.75
- Face Value
- 10.00
- Total Debt
- 74
- Net Working Capital
- -119
- Contingent Liabilities
- 547
- Book Value per Share
- 32.75
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 20
- 47
- 77
- Trade Payables
- 113
- -16
- Total Liabilities
- 240
- 67
- Capital Work in Progress
- 9
- 63
- 82
- 7
- Cash & Bank
- 0
- 12
- Total Assets
- 240
- Total Debt
- 80
- Net Working Capital
- -148
- Contingent Liabilities
- 55
- Book Value per Share
- 33.74
- Face Value
- 10.00
- Total Debt
- 80
- Net Working Capital
- -148
- Contingent Liabilities
- 55
- Book Value per Share
- 33.74
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 20
- 21
- 75
- Trade Payables
- 76
- -27
- Total Liabilities
- 165
- 57
- Capital Work in Progress
- 9
- 53
- 30
- 1
- Cash & Bank
- 3
- 12
- Total Assets
- 165
- Total Debt
- 79
- Net Working Capital
- -161
- Contingent Liabilities
- 104
- Book Value per Share
- 20.36
- Face Value
- 10.00
- Total Debt
- 79
- Net Working Capital
- -161
- Contingent Liabilities
- 104
- Book Value per Share
- 20.36
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| 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 | -8.35 | -2.93 | 0.66 | 6.46 | -2.43 | 0.17 |
| 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 | -8.35 | -2.93 | 0.66 | 6.46 | -2.43 | 0.17 |
| 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
- -8.35
- Cumulative 5-Year FCF
- 384
- OCF / Net Profit
- -8.35
- Cumulative 5-Year FCF
- 384
Mar 2021
- 151
- Cash from Investing
- 0
- Cash from Financing
- -150
- 1
- Free Cash Flow
- 151
- OCF / Net Profit
- -2.93
- Cumulative 5-Year FCF
- 486
- OCF / Net Profit
- -2.93
- Cumulative 5-Year FCF
- 486
Mar 2022
- 68
- Cash from Investing
- 0
- Cash from Financing
- -70
- -1
- Free Cash Flow
- 68
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- 476
- OCF / Net Profit
- 0.66
- Cumulative 5-Year FCF
- 476
Mar 2023
- 43
- Cash from Investing
- 0
- Cash from Financing
- -44
- -0
- Free Cash Flow
- 43
- OCF / Net Profit
- 6.46
- Cumulative 5-Year FCF
- 396
- OCF / Net Profit
- 6.46
- Cumulative 5-Year FCF
- 396
Mar 2024
- -6
- Cash from Investing
- 4
- Cash from Financing
- 3
- 0
- Free Cash Flow
- -6
- OCF / Net Profit
- -2.43
- Cumulative 5-Year FCF
- 377
- OCF / Net Profit
- -2.43
- Cumulative 5-Year FCF
- 377
Mar 2025
- -5
- Cash from Investing
- 1
- Cash from Financing
- 6
- 2
- Free Cash Flow
- -5
- OCF / Net Profit
- 0.17
- Cumulative 5-Year FCF
- 252
- OCF / Net Profit
- 0.17
- Cumulative 5-Year FCF
- 252
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 62.83 | 21.76 | 21.26 | 0.38 | -7.32 | -26.09 | 51.96 | 3.38 | 1.30 | -13.79 |
| Book Value (₹) | -187.46 | -131.27 | -76.55 | -76.15 | -6.43 | -22.90 | 29.05 | 32.75 | 33.74 | 20.36 |
| 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 | -0.76 | -19.54 | 57.66 | 7.90 | 5.80 | -9.15 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -5.65% | 0.11% | 0.03% | 1.32% | -13.19% | 8.98% | 16.32% | 2.67% | -2.93% | -7.49% |
| Net Margin % | 42.56% | 12.34% | 8.77% | 0.13% | -2.96% | -10.29% | 11.69% | 1.06% | 0.43% | -10.19% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1690.14% | 10.94% | 3.91% | -50.99% |
| ROCE % | 0.00% | 68.32% | 76.38% | -7.15% | 8.14% | 28.84% | 84.44% | 5.08% | 4.46% | -21.42% |
| 40.27% | 14.54% | 14.70% | 0.26% | -5.26% | -22.66% | 41.90% | 2.49% | 1.02% | -13.49% | |
| 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) | -1.13x | -1.58x | -2.21x | -2.06x | -16.38x | -4.07x | 2.03x | 1.14x | 1.20x | 1.96x |
| Interest Coverage (x) | 9.12x | 4.69x | 496.85x | -55.20x | 29.55x | 29.14x | 59.90x | 3.05x | 1.58x | -6.37x |
| 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% | -958.20% | 169.82% | 218.72% | -88.23% | 46.61% | -177.96% |
| Net Profit Growth % | 192.02% | -65.37% | -2.27% | -98.22% | -2033.40% | -256.53% | 299.15% | -93.50% | -61.50% | -1159.85% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -61.50% | -1159.85% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 44.66x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.72x | 2.26x |
| 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 | 7.87x | -8.66x |
Mar 2016
- EPS (₹)
- 62.83
- Book Value (₹)
- -187.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 72.00
- Operating Margin %
- -5.65%
- Net Margin %
- 42.56%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 40.27%
- Debtor Days
- 16
- Inventory Days
- 103
- Payable Days
- 128
- -9
- Debt to Equity (x)
- -1.13x
- 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 (₹)
- 21.76
- Book Value (₹)
- -131.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.70
- Operating Margin %
- 0.11%
- Net Margin %
- 12.34%
- ROE %
- 0.00%
- ROCE %
- 68.32%
- 14.54%
- Debtor Days
- 9
- Inventory Days
- 104
- Payable Days
- 155
- -42
- Debt to Equity (x)
- -1.58x
- 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 (₹)
- -76.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.15
- Operating Margin %
- 0.03%
- Net Margin %
- 8.77%
- ROE %
- 0.00%
- ROCE %
- 76.38%
- 14.70%
- Debtor Days
- 4
- Inventory Days
- 77
- Payable Days
- 70
- 11
- Debt to Equity (x)
- -2.21x
- 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 (₹)
- 0.38
- Book Value (₹)
- -76.15
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.95
- Operating Margin %
- 1.32%
- Net Margin %
- 0.13%
- ROE %
- 0.00%
- ROCE %
- -7.15%
- 0.26%
- Debtor Days
- 10
- Inventory Days
- 67
- Payable Days
- 76
- 2
- Debt to Equity (x)
- -2.06x
- 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 (₹)
- -7.32
- Book Value (₹)
- -6.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.76
- Operating Margin %
- -13.19%
- Net Margin %
- -2.96%
- ROE %
- 0.00%
- ROCE %
- 8.14%
- -5.26%
- Debtor Days
- 20
- Inventory Days
- 78
- Payable Days
- 133
- -35
- Debt to Equity (x)
- -16.38x
- Interest Coverage (x)
- 29.55x
- 0.43x
- Revenue Growth %
- -14.15%
- Operating Profit Growth %
- -958.20%
- Net Profit Growth %
- -2033.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -26.09
- Book Value (₹)
- -22.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -19.54
- Operating Margin %
- 8.98%
- Net Margin %
- -10.29%
- ROE %
- 0.00%
- ROCE %
- 28.84%
- -22.66%
- Debtor Days
- 14
- Inventory Days
- 57
- Payable Days
- 146
- -75
- Debt to Equity (x)
- -4.07x
- Interest Coverage (x)
- 29.14x
- 0.36x
- Revenue Growth %
- 2.57%
- Operating Profit Growth %
- 169.82%
- Net Profit Growth %
- -256.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 51.96
- Book Value (₹)
- 29.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 57.66
- Operating Margin %
- 16.32%
- Net Margin %
- 11.69%
- ROE %
- 1690.14%
- ROCE %
- 84.44%
- 41.90%
- Debtor Days
- 6
- Inventory Days
- 39
- Payable Days
- 78
- -33
- Debt to Equity (x)
- 2.03x
- Interest Coverage (x)
- 59.90x
- 0.57x
- Revenue Growth %
- 75.34%
- Operating Profit Growth %
- 218.72%
- Net Profit Growth %
- 299.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.38
- Book Value (₹)
- 32.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.90
- Operating Margin %
- 2.67%
- Net Margin %
- 1.06%
- ROE %
- 10.94%
- ROCE %
- 5.08%
- 2.49%
- Debtor Days
- 8
- Inventory Days
- 65
- Payable Days
- 99
- -26
- Debt to Equity (x)
- 1.14x
- Interest Coverage (x)
- 3.05x
- 0.52x
- Revenue Growth %
- -28.84%
- Operating Profit Growth %
- -88.23%
- Net Profit Growth %
- -93.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 1.30
- Book Value (₹)
- 33.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.80
- Operating Margin %
- -2.93%
- Net Margin %
- 0.43%
- ROE %
- 3.91%
- ROCE %
- 4.46%
- 1.02%
- Debtor Days
- 7
- Inventory Days
- 58
- Payable Days
- 101
- -36
- Debt to Equity (x)
- 1.20x
- Interest Coverage (x)
- 1.58x
- 0.38x
- Revenue Growth %
- -5.41%
- Operating Profit Growth %
- 46.61%
- Net Profit Growth %
- -61.50%
- -61.50%
- P/E (x)
- 44.66x
- P/B (x)
- 1.72x
- Dividend Yield %
- 0.00%
- 7.87x
Mar 2025
- EPS (₹)
- -13.79
- Book Value (₹)
- 20.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -9.15
- Operating Margin %
- -7.49%
- Net Margin %
- -10.19%
- ROE %
- -50.99%
- ROCE %
- -21.42%
- -13.49%
- Debtor Days
- 6
- Inventory Days
- 76
- Payable Days
- 178
- -96
- Debt to Equity (x)
- 1.96x
- Interest Coverage (x)
- -6.37x
- 0.18x
- Revenue Growth %
- -55.01%
- Operating Profit Growth %
- -177.96%
- Net Profit Growth %
- -1159.85%
- -1159.85%
- P/E (x)
- 0.00x
- P/B (x)
- 2.26x
- Dividend Yield %
- 0.00%
- -8.66x
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.