| Quarterly Financials | Mar 2016 | Jun 2016 | Sept 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sept 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 74 | 83 | 70 | 80 | 152 | 101 | 116 | 226 | 215 | 112 | 149 | 126 | 184 | 142 | 120 | 202 | 118 | 40 | 110 | 179 | 200 | 200 | 213 | 227 | 257 | 187 | 133 | 154 | 152 | 142 | 180 | 143 | 134 | 119 | 66 | 52 | 30 | 24 |
| Expenses | 76 | 87 | 73 | 77 | 75 | 113 | 110 | 195 | 114 | 107 | 145 | 134 | 183 | 147 | 128 | 158 | 116 | 32 | 113 | 170 | 178 | 185 | 167 | 189 | 222 | 184 | 129 | 151 | 159 | 156 | 177 | 167 | 126 | 124 | 71 | 51 | 30 | 24 |
| EBITDA | -2 | -4 | -3 | 3 | 77 | -12 | 6 | 31 | 101 | 4 | 4 | -8 | 1 | -5 | -8 | 44 | 2 | 7 | -3 | 10 | 22 | 15 | 45 | 38 | 35 | 3 | 5 | 3 | -7 | -14 | 3 | -24 | 8 | -6 | -5 | 1 | -0 | -0 |
| Operating Profit % | -3 % | -5 % | -4 % | 4 % | 4 % | -12 % | 5 % | 1 % | 2 % | 4 % | 2 % | -7 % | 1 % | -4 % | -7 % | -44 % | 1 % | 2 % | -3 % | 3 % | 3 % | 3 % | 21 % | 14 % | 14 % | 2 % | 3 % | 2 % | -5 % | -10 % | 2 % | -17 % | 2 % | -5 % | -8 % | 2 % | -1 % | -2 % |
| Depreciation | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Interest | 6 | 4 | 4 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax | -12 | -11 | -10 | -4 | 71 | -18 | -0 | 35 | 98 | 1 | 1 | -9 | 1 | -8 | -11 | 41 | -1 | 4 | -6 | 6 | 43 | 14 | 45 | 34 | 33 | 1 | 2 | 0 | -9 | 1 | 0 | -26 | 6 | -9 | -8 | -3 | -3 | -3 |
| Tax | -3 | -4 | -3 | -1 | 24 | 29 | -2 | 16 | 45 | -0 | -23 | -1 | 4 | -17 | -6 | 38 | 3 | 6 | -4 | 35 | 66 | 11 | 11 | 18 | 4 | 0 | -1 | 0 | -2 | 0 | 0 | -2 | 1 | -2 | -2 | -0 | 1 | 3 |
| Net Profit | -9 | -7 | -7 | -3 | 47 | -47 | 1 | 18 | 54 | 2 | 24 | -8 | -2 | 9 | -6 | 3 | -4 | -2 | -2 | -29 | -23 | 4 | 34 | 16 | 29 | 0 | 3 | 0 | -6 | 1 | 0 | -24 | 4 | -7 | -6 | -2 | -5 | -6 |
| EPS in ₹ | -4.54 | -3.46 | -3.39 | -1.46 | 26.84 | -21.20 | 0.71 | 11.55 | 26.15 | 0.78 | 10.15 | -3.00 | -3.76 | 1.39 | -2.93 | 0.55 | -3.36 | -0.96 | -0.74 | -14.71 | -11.77 | 1.86 | 16.93 | 8.21 | 14.47 | 0.17 | 1.26 | 0.15 | -3.21 | 0.36 | 0.18 | -12.18 | 2.23 | -3.38 | -3.23 | -1.09 | -2.27 | -2.91 |
Shah Alloys
Shah Alloys
66.53
-1.48
(-2.18%)
There are 3 new updates from the company1 day ago
View
Market Cap
131.70 Cr
EPS
-9.97
PE Ratio
-
Dividend Yield
0.00 %
Industry
Industrial Products52 Week High
112.70
52 Week Low
43.30
PB Ratio
-17.13
Debt to Equity
44.69
Sector
Iron & Steel Products
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Company News
View All News
Shah Alloys Limited approved the divestment of its equity shareholding in associate company S.A.L Steel Limited. The company will sell 3,02,56,989 equity shares of face value ₹10 each to Sree Metaliks Limited through a Share Purchase Agreement dated September 04, 2025. The transaction will result in Sree Metaliks being classified as the new promoter of S.A.L Steel Limited, while existing promoters will be reclassified as public shareholders. Additionally, the board appointed Shri Rajnikant Amrutlal Vyas as Additional Director designated as Whole-time Director with effect from September 04, 2025, for a period of 5 years subject to shareholder approval. Vyas brings over 25 years of experience in sales, marketing, and operations management. The board also approved the notice for the 35th Annual General Meeting to be held on September 26, 2025, through video conferencing.
Shah Alloys Ltd appointed Smt Nipa Jairaj Shah as Additional Non-Executive Independent Director for five years, effective August 14, 2025, subject to shareholder approval. The company also approved continuation of Shri Ashok Sharma as Whole Time Director despite reaching 70 years of age. The Board approved the 35th Annual General Meeting scheduled for September 26, 2025. The company declared closure of its Iron and Steel plant at Santej, Gujarat by end of August 2025 due to technology obsolescence and higher production costs causing persistent losses. For the quarter ended June 30, 2025, the company reported a net loss of Rs 2.83 crores compared to Rs 19.36 crores loss in the previous year quarter. Revenue from operations was Rs 23.64 crores versus Rs 29.76 crores in the corresponding previous quarter. The auditors expressed concerns about the company's going concern status due to the plant closure.
Shah Alloys Limited to Close Entire Iron and Steel Plant Operations in Gujarat Within One Month
Jul 22, 2025
Jul 22, 2025Shah Alloys Limited's board approved the closure of its entire Iron and Steel Plant operations at Santej, Gujarat. The closure is expected to be completed within one month. The plant contributed 100% of the company's operations with revenue of Rs 26,728 lakh in FY 2024-25, but recorded a loss after tax of Rs 2,729 lakh. The company cited lack of competitiveness due to aging plant and machinery, technology obsolescence, and higher production costs that cannot be recovered from customers. The Iron and Steel Plant has been making losses for several years. The company plans to explore new options following the shutdown.
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,660.10 | #1 46,071.90 | 57.56 | 20,785.60 | 14.25 | 757 | 22.77 | 55.74 | |
907.25 | 25,324.20 | 27.37 | 15,368.10 | #1 15.08 | 909 | 5.29 | 48.87 | |
860.90 | 22,660.80 | 13.90 | 14,167.30 | -19.42 | #1 1,902 | 40.86 | 46.94 | |
256.51 | 17,167.20 | 23.19 | 5,471.70 | -1.47 | 813 | -24.57 | 62.11 | |
2,413.80 | 16,918.80 | 29.64 | 5,246.10 | 2.22 | 542 | 20.02 | 58.80 | |
656.10 | 15,830.40 | 35.07 | 4,308.30 | 1.75 | 401 | 42.58 | 50.14 | |
448.90 | 13,679.90 | 33.86 | 3,513.50 | 7.59 | 406 | -2.89 | 80.02 | |
206.32 | 13,194.30 | #1 7.67 | #1 20,947.80 | -0.84 | 1,458 | -0.22 | 52.31 | |
596.80 | 7,997.10 | 9.11 | 5,465.90 | -1.45 | 777 | 78.80 | 35.21 | |
68.88 | 6,688.20 | 28.27 | 2,666.90 | -12.30 | -94 | #1 393.38 | 67.65 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
-56.41 %
Net Income Growth
5.91 %
Cash Flow Change
28.07 %
ROE
-254.76 %
ROCE
-2,285.37 %
EBITDA Margin (Avg.)
-743.64 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 738 | 626 | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 |
| Fixed Assets | 175 | 157 | 143 | 131 | 119 | 106 | 93 | 82 | 73 | 67 | 57 |
| Current Assets | 136 | 110 | 132 | 99 | 162 | 112 | 94 | 146 | 131 | 91 | 35 |
| Capital Work in Progress | 13 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 7 | 7 | 5 |
| Other Assets | 551 | 461 | 476 | 318 | 392 | 316 | 202 | 225 | 212 | 174 | 124 |
| Total Liabilities | 738 | 626 | 628 | 457 | 520 | 431 | 305 | 322 | 301 | 257 | 195 |
| Current Liabilities | 1,188 | 765 | 656 | 373 | 511 | 262 | 264 | 256 | 249 | 239 | 196 |
| Non Current Liabilities | 265 | 241 | 248 | 257 | 176 | 188 | 95 | 33 | 21 | 7 | 7 |
| Total Equity | -715 | -380 | -275 | -173 | -166 | -18 | -55 | 33 | 31 | 11 | -8 |
| Reserve & Surplus | -735 | -400 | -295 | -193 | -186 | -38 | -75 | 13 | 11 | -9 | -28 |
| Share Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Cash Flow
| Cash Flow | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 2 | -1 | -1 | -1 | -0 | 1 | -1 | 0 | 0 | 2 |
| Investing Activities | 6 | 0 | -1 | -2 | 0 | 1 | 0 | 0 | 4 | 1 |
| Operating Activities | 49 | 78 | 124 | 14 | 121 | 151 | 68 | 43 | -6 | -5 |
| Financing Activities | -53 | -80 | -124 | -14 | -121 | -151 | -70 | -44 | 3 | 6 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 53.75 % | 53.75 % | 53.80 % | 53.80 % | 53.77 % | 53.75 % | 53.75 % | 53.75 % | 53.75 % | 53.75 % | 53.77 % | 53.78 % | 53.78 % | 53.78 % | 53.78 % | 53.78 % | 53.78 % | 53.78 % |
| FIIs | 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 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| DIIs | 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 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Government | 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 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 31.70 % | 32.36 % | 34.29 % | 37.56 % | 38.57 % | 39.16 % | 38.67 % | 38.04 % | 37.69 % | 38.18 % | 37.99 % | 37.39 % | 37.73 % | 37.85 % | 37.90 % | 37.27 % | 37.51 % | 35.77 % |
| Others | 14.55 % | 13.89 % | 11.90 % | 8.64 % | 7.67 % | 7.09 % | 7.58 % | 8.21 % | 8.56 % | 8.07 % | 8.24 % | 8.83 % | 8.48 % | 8.37 % | 8.32 % | 8.95 % | 8.71 % | 10.44 % |
| No of Share Holders | 7,708 | 7,563 | 7,577 | 8,731 | 9,566 | 9,693 | 10,068 | 9,825 | 9,759 | 9,913 | 9,848 | 9,494 | 9,456 | 9,538 | 10,983 | 10,259 | 10,417 | 10,096 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 27 Sept 2024 |  Annual General Meeting | NA | 27 Sept 2024 | 67.21 | 107.77 |
| 12 Nov 2024 |  Quarterly Result Announcement | NA | 12 Nov 2024 | 72.03 | 73.89 |
| 12 Feb 2025 | Quarterly Result Announcement | NA | 12 Feb 2025 | 63.80 | 65.10 |
| 30 May 2025 | Quarterly Result Announcement | NA | 30 May 2025 | 57.00 | 55.00 |
| 14 Aug 2025 | Quarterly Result Announcement | NA | 14 Aug 2025 | 57.96 | 59.48 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 62.81 | 69.09 |
Announcements
Intimation Of Reconstitution Of Audit Committee Nomination & Remuneration Committee And Stakeholders Relationship Committee1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Change in Management1 day ago
1 day agoShareholder Meeting / Postal Ballot-Scrutinizers Report1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Meeting Updates1 day ago
1 day agoShareholder Meeting / Postal Ballot-Outcome of AGM2 days ago
2 days agoClosure of Trading Window3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Resignation of DirectorSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 05, 2025
Sep 05, 2025Reg. 34 (1) Annual Report.Sep 04, 2025
Sep 04, 2025Intimation - Notice Of The 35Th Annual General Meeting Of The Company For The FY 2024-25Sep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 04, 2025
Sep 04, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On September 04 2025Sep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 16, 2025
Aug 16, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 14, 2025
Aug 14, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On August 14 2025.Aug 14, 2025
Aug 14, 2025Un-Audited Financial Results For Qurter Ended On June 30 2025Aug 14, 2025
Aug 14, 2025Board Meeting Intimation for Approval Of Un-Audited Standalone And Consolidatede Redults Of The Company For The Quarter Ended On 30.06.2025 And To Transact Other Businesses.Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesJul 21, 2025
Jul 21, 2025Board Meeting Outcome for Outcome Of Board Meeting-Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Closure Of Iron & Steel Plant (Entire Plant) Operation Of The Company At Its Santej Plant.Jul 21, 2025
Jul 21, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Jul 14, 2025Board Meeting Intimation for Other Business TransactionsJul 14, 2025
Jul 14, 2025Intimation Of Reconstitution Of Audit Committee Nomination & Remuneration Committee Stakeholders Relationship Committee And Corporate Social Responsibility CommitteeJul 11, 2025
Jul 11, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 31, 2025
May 31, 2025Revised Outcome Of Board Meeting Held On 30.05.2025 Due To Inadvertently Standalone Financial Results Was Attached In Place Of Consolidated Financial Results For The Quarter And Financial Year Ended On 31.03.2025 Duly Reviewed By The Audit Committee.May 31, 2025
May 31, 2025Board Meeting Outcome for Revised Outcome Of Board Meeting Held On 30.05.2024May 31, 2025
May 31, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesMay 30, 2025
May 30, 2025Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended On 31.03.2025May 30, 2025
May 30, 2025Board Meeting Outcome for Outcome Of Board Meeting -Disclosure Under Regulation 30 And 33 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations 2015May 30, 2025
May 30, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 24, 2025
May 24, 2025Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 Regarding Board Meeting To Be Held On Friday 30Th May 2025.May 22, 2025
May 22, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 29Th April 2025Apr 29, 2025
Apr 29, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 17, 2025
Apr 17, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 07, 2025
Apr 07, 2025Closure of Trading WindowMar 26, 2025
Mar 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 13, 2025
Feb 13, 2025Integrated Filing (Financial)Feb 12, 2025
Feb 12, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 12, 2025
Feb 12, 2025Un-Audited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On 31.12.2024Feb 12, 2025
Feb 12, 2025Board Meeting Intimation for Consider & Approve Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On 31.12.2024 And To Transact Other BusinessesJan 27, 2025
Jan 27, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 09, 2025
Jan 09, 2025Closure of Trading WindowDec 27, 2024
Dec 27, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateNov 29, 2024
Nov 29, 2024Disclosure Under Regulation 30 Read With Para A Of Part A Of Schedule III Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.Nov 20, 2024
Nov 20, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2024
Nov 14, 2024Disclosure Of Related Party Transaction Pursuant To 23(9) Of Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015Nov 12, 2024
Nov 12, 2024Un-Audited Standalone And Consolidated Financial Results For The Quarter & Half Year Ended On 30.09.2024 Duly Reviewed By The Audit CommitteeNov 12, 2024
Nov 12, 2024Announcement under Regulation 30 (LODR)-Change in ManagementNov 12, 2024
Nov 12, 2024Technical Indicators
RSI(14)
Neutral 49.78
ATR(14)
Less Volatile 4.30
STOCH(9,6)
Oversold 14.30
STOCH RSI(14)
Oversold 3.82
MACD(12,26)
Bearish -0.84
ADX(14)
Strong Trend 32.23
UO(9)
Bearish 41.54
ROC(12)
Downtrend And Accelerating -12.13
WillR(14)
Oversold -88.81
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