| 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 | Sept 2025 | Dec 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 | 20 | 65 |
| 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 | 4 | 3 |
| 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 | 16 | 62 |
| 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 % | -29 % | 71 % |
| 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 | 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 | 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 | 13 | 59 |
| 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 | -0 | 21 |
| 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 | 14 | 39 |
| 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 | 6.93 | 19.42 |
Shah Alloys
Shah Alloys
66.01
+0.37
(0.56%)
Market Cap
130.68 Cr
PE Ratio
3.05
Volume
11,450.00
Day High - Low
68.98 - 65.00
52W High-Low
83.85 - 43.30
Key Fundamentals
Market Cap
130.68 Cr
EPS
-9.97
PE Ratio
3.05
PB Ratio
-12.49
Book Value
-5.18
EBITDA
-9.50
Dividend Yield
0.00 %
Industry
Industrial Products Sector
Iron & Steel Products Return on Equity
256.66
Debt to Equity
44.69
Actual
Company News
View All News
Shah Alloys reported net profit of Rs 35.22 crores in Q3FY26 vs loss of Rs 15.26 crores in Q3FY25, driven by exceptional gains from plant sale and disinvestment totaling Rs 67.46 crores.
Shah Alloys Limited's board approved a One Time Settlement of Rs 18 crore with HDFC Bank on January 27, 2026, ending a legal battle that began in 2019 at the Debt Recovery Tribunal.
Shah Alloys Reports Rs 35.76 Crore Profit Despite Plant Closure, Sells Rolling Mill for Rs 1,700 CroreNov 14, 2025
Shah Alloys Limited posted a standalone net profit of Rs 35.76 crore for the quarter ended September 30, 2025, driven by an exceptional gain of Rs 16.92 crore from selling its 16-inch Rolling Mill Plant for Rs 1,700 lakhs. The company shut down its Iron and Steel plant in August 2025 due to technology obsolescence and rising production costs, raising concerns about its going concern status among auditors.
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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 |
|---|---|---|---|---|---|---|---|---|
2,234.60 | #1 62,040.55 | 54.13 | 20,785.60 | 14.25 | 757 | #1 42.86 | 65.15 | |
860.30 | 24,013.71 | 24.70 | 15,368.10 | #1 15.08 | 909 | 0.10 | 51.11 | |
825.25 | 21,769.32 | 11.16 | 14,167.30 | -19.42 | #1 1,902 | -32.10 | 58.73 | |
266.02 | 17,817.90 | 24.58 | 5,471.70 | -1.47 | 813 | -1.10 | 53.23 | |
2,456.00 | 17,214.60 | 26.64 | 5,246.10 | 2.22 | 542 | 1.65 | 59.45 | |
576.40 | 13,907.43 | 29.34 | 4,308.30 | 1.75 | 401 | -11.70 | 55.08 | |
418.40 | 12,750.40 | 30.87 | 3,513.50 | 7.59 | 406 | 16.68 | 49.89 | |
185.37 | 11,854.56 | 13.53 | #1 20,947.80 | -0.84 | 1,458 | -48.35 | 52.54 | |
562.00 | 7,530.76 | #1 9.08 | 5,465.90 | -1.45 | 777 | 30.36 | 63.97 | |
76.80 | 7,457.27 | 20.28 | 2,666.90 | -12.30 | -94 | -3.64 | 46.97 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-56.41 %
Net Income Growth
5.91 %
Cash Flow Change
30.83 %
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 Equity & 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 | 57 | 68 | 43 | -7 | -5 |
| Financing Activities | -53 | -80 | -124 | -14 | -121 | -56 | -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 | Sept 2025 | Dec 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 % | 53.75 % | 53.75 % |
| 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 % | 0.03 % | 0.08 % |
| 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 % | 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 % | 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 % | 30.34 % | 29.09 % |
| 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 % | 15.88 % | 17.09 % |
| 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 | 9,961 | 9,530 |
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 | 107.64 |
| 12 Nov 2024 |  Quarterly Result Announcement | NA | 12 Nov 2024 | 71.24 | 73.49 |
| 12 Feb 2025 | Quarterly Result Announcement | NA | 12 Feb 2025 | 63.80 | 65.16 |
| 30 May 2025 | Quarterly Result Announcement | NA | 30 May 2025 | 57.00 | 54.00 |
| 14 Aug 2025 | Quarterly Result Announcement | NA | 14 Aug 2025 | 57.54 | 57.81 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 62.81 | 69.09 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 78.85 | 79.05 |
| 14 Feb 2026 | Quarterly Result Announcement | NA | 14 Feb 2026 | 65.00 | 66.10 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
Feb 16, 2026
Feb 16, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On February 14 2026.Feb 14, 2026
Feb 14, 2026Un-Audited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended As On December 31 2026 Duly Reviewed By The Audit Committee.Feb 14, 2026
Feb 14, 2026Board Meeting Intimation for Board Meeting To Be Held On 14.02.2026Feb 10, 2026
Feb 10, 2026Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 -One Time Settlement With Bank.Jan 27, 2026
Jan 27, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On 27.01.2026Jan 27, 2026
Jan 27, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On 27.01.2026Jan 27, 2026
Jan 27, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 13, 2026
Jan 13, 2026Closure of Trading WindowDec 29, 2025
Dec 29, 2025Disclosure Pursuant To Regulations 30 Read With Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI LODR Regulations).Dec 26, 2025
Dec 26, 2025Disclosure Under Regulation 29(2) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations 2011 (SEBI (SAST) Regulations) And Regulation 7(2)(A) Of The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 20Dec 26, 2025
Dec 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 22, 2025
Nov 22, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On November 14 2025.Nov 14, 2025
Nov 14, 2025Un-Audited Standalone & Consolidated Financial Results For The Quarter And Half Year Ended As On September 30 2025Nov 14, 2025
Nov 14, 2025Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (LODR) Regulations 2015 Regarding Board Meeting To Be Held On 14.11.2025Nov 11, 2025
Nov 11, 2025Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (LODR) Regulations 2015 Regarding Board Meeting To Be Held On 14.11.2025Nov 11, 2025
Nov 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Oct 10, 2025Intimation Of Reconstitution Of Audit Committee Nomination & Remuneration Committee And Stakeholders Relationship CommitteeSep 27, 2025
Sep 27, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 27, 2025
Sep 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 27, 2025
Sep 27, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 24, 2025
Sep 24, 2025Announcement 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, 2025Technical Indicators
RSI(14)
Neutral 48.04
ATR(14)
Volatile 4.49
STOCH(9,6)
Neutral 48.76
STOCH RSI(14)
Neutral 53.30
MACD(12,26)
Bullish 0.10
ADX(14)
Weak Trend 11.85
UO(9)
Bearish 41.73
ROC(12)
Uptrend And Accelerating 0.11
WillR(14)
Neutral -53.17
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