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Swing Capital

Shah Alloys Ltd

NSE: SHAHALLOYS BSE: 513436Metal

Shah Alloys Ltd (SHAHALLOYS) is a Metal company listed on NSE: SHAHALLOYS | BSE: 513436. With a market cap of ₹136 Cr and ROCE of 21.4%, ROE of 51%, it operates in the Indian Metal sector.

₹68.7
52W: ₹52.6 — ₹83.8
PE 0 · Book ₹37.1 · +85% vs book
Market Cap₹136 Cr
Stock P/E—Price to Earnings
ROCE21.4%Return on Capital
ROE51%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -11.4% over past five years.
  • −Company has a low return on equity of -4.72% over last 3 years.
  • −Contingent liabilities of Rs.104 Cr.

Shareholding Pattern

Promoters53.75%
FIIs0%
DIIs0%
Public46.26%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.78%53.78%53.78%53.78%53.78%53.75%▼0.053.75%53.75%
FIIs0%0%0%0%0%0.03%▲0.00.08%▲0.10%▼0.1
DIIs0%0%0%0%0%0%0%0%
Public46.22%46.22%46.21%▼0.046.22%▲0.046.22%46.22%46.18%▼0.046.26%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales18114512811966523024311
Expenses17715213712571644725417
Operating Profit4-7-8-7-5-12-17-1-1-6
OPM %2%-5%-7%-6%-8%-24%-55%-4%-29%-61%
Net Profit21-8-815-15-19-33635
EPS ₹0.980.41-3.87-4.057.75-7.71-9.78-1.4318.0617.79

AI Insights

Revenue Trend

TTM revenue at ₹68Cr, down 74.5% YoY. OPM at -37%.

Debt Position

Borrowings at ₹79Cr. Debt-to-equity ratio: 1.46x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹9Cr (17% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 53.75%.

Margin & Efficiency

ROCE improving from -31% (Mar 2014) to -21% (Mar 2025). Working capital days: -224.

Recent Announcements