Flash Finance

Shah Alloys LimitedSHAHALLOYSCorporate

Steel - Medium / Small Latest results: Mar 2026 14 quarters of data
Consolidated Standalone
₹76.70
MCap ₹152 Cr · P/E 2.1
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🏭 Metal sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹2 Cr
Sales · Mar 2026
-92.4% YoY
₹1 Cr
Operating Profit · Mar 2026
+104.9% YoY
37.8%
OPM % · Mar 2026
+164.7% YoY
₹4 Cr
Net Profit · Mar 2026
+123.0% YoY
₹2.25
EPS · Mar 2026
+123.0% YoY

📝 Shah Alloys Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Shah Alloys Limited reported revenue of ₹2 crore for the quarter ended March 2026 (Q4 FY26), down 92.4% from ₹30 crore in the same quarter last year, and down 78.1% sequentially over the December 2025 quarter.

The company swung to a net profit of ₹4 crore from a net loss of ₹19 crore a year earlier. Earnings per share (EPS) came in at ₹2.25.

Operating profit stood at ₹1 crore — an operating margin (OPM) of 37.8%, compared with -58.4% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Shah Alloys Limited posted revenue of ₹39 crore, a decline of 85.3% over FY25, with a net profit of ₹73 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹39 crore with a net profit of ₹73 crore.

Valuation snapshot

At the current price of ₹76.70, SHAHALLOYS has a market capitalisation of ₹152 crore and a trailing P/E of about 2.1.

Within the Steel - Medium / Small industry, it is the 25th-largest of the 56 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 53.75%, public shareholders 46.25% of Shah Alloys Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹152 Cr
Current Price ?
₹76.7
P/E ?
2.09below ind
Industry P/E ?
20.50
P/B ?
1.34
P/S ?
3.88
P/FCF ?
18.98
Enterprise Value ?
₹215 Cr
EV/EBITDA ?
-28.12
PEG ?
N/A
Earnings Yield ?
-6.6%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹39 Cr
OPM ?
-19.5%
Profit after tax (TTM) ?
₹73 Cr
EPS (TTM) ?
₹36.67
ROCE ?
6.0%
ROE ?
64.2%
ROA ?
34.9%
Growth
Sales — latest qtr ?
₹2 Cr
PAT — latest qtr ?
₹4 Cr
YoY qtr sales growth ?
-92.4%
YoY qtr profit growth ?
123.0%
Sales growth (3y) ?
-60%
Sales growth (5y) ?
-40%
Profit growth (3y) ?
-13%
Profit growth (5y) ?
16%
Financial Health
Debt ?
₹63 Cr
Debt to Equity ?
0.56
Interest Coverage ?
-3.9
Current Ratio ?
N/A
Ownership
Promoter holding ?
53.75%
Change in promoter holding ?
-0.03%
Pledged percentage ?
N/A
Market
Return 3 months ?
11.3%
Return 6 months ?
3.9%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 154152160180143128119665230243102 -92.4% -78.1%
Operating Profit 1-1143-9-9-7-5-13-17-1-1-71 +104.9% +112.7%
Other Income 02722610220102307 +1085.2% +2393.1%
Interest 11111111111110 -60.7% -57.7%
Depreciation 22222222222222 -30.9% -5.9%
Profit Before Tax -1-1382-2-5-1013-16-20-437586 +130.0% -89.6%
Net Profit -1-11721-8-815-15-19-336354 +123.0% -87.4%
EPS -0.70-5.503.780.980.42-3.87-4.047.75-7.70-9.78-1.4318.0717.792.25 +123.0% -87.4%
OPM % 0.9% -7.5% 2.5% 1.6% -6.2% -7.0% -5.7% -7.7% -24.2% -58.4% -3.9% -29.4% -65.1% 37.8% +164.7% +158.1%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹267 Cr ₹39 Cr ₹39 Cr -85.3%
Operating Profit ₹-42 Cr ₹-8 Cr ₹-8 Cr +81.7%
OPM % -15.69% -19.52% -19.52% -24.4%
NPM % -10.24% 185.49% 185.49% +1911.4%
Other Income ₹23 Cr ₹31 Cr ₹31 Cr +37.1%
Depreciation ₹9 Cr ₹7 Cr ₹7 Cr -28.6%
Interest ₹4 Cr ₹4 Cr ₹4 Cr -19.4%
EBIT ₹-51 Cr ₹-14 Cr ₹-14 Cr +72.2%
PBT ₹-33 Cr ₹97 Cr ₹97 Cr +395.5%
Tax ₹-6 Cr ₹23 Cr ₹23 Cr +508.4%
Net Profit ₹-27 Cr ₹73 Cr ₹73 Cr +366.0%
EPS ₹-13.77 ₹36.68 ₹36.68 +366.4%
Material Cost ₹147 Cr ₹17 Cr ₹17 Cr -88.1%
Employee Cost ₹15 Cr ₹3 Cr ₹3 Cr -79.6%
Extraordinary Items ₹0 Cr ₹84 Cr ₹84 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 20202020 +0.0%
Reserves 45472093 +365.0%
Borrowings 74807963 -20.3%
Other Liabilities 19716612332 -74.0%
Total Liabilities 335313243208 -14.4%
Fixed Assets 73675750 -12.3%
CWIP 9990 -100.0%
Investments 41635349 -7.5%
Other Assets 212174124108 -12.9%
Total Assets 335313243208 -14.4%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 43-6-5-71 -1320.0%
Cash from Investing Activity 04189 +8800.0%
Cash from Financing Activity -4436-20 -433.3%
Net Cash Flow -002-2 -200.0%
Free Cash Flow 43-3-48 +300.0%
CFO/OP 1,065%35%22%-995% -4622.7%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 94210 +400.0%
Inventory Days 907057381 +568.4%
Days Payable 1039614325 -82.5%
Cash Conversion Cycle -4-22-85366 +530.6%
Working Capital Days -69-91-224-428 -91.1%
ROCE % 5%11%-21%6% +128.6%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 53.78%53.75%53.75%53.75%53.75% +0.0%
FIIs 0.00%0.03%0.08%0.00%— —
Public 46.22%46.22%46.18%46.26%46.25% -0.0%
No. of Shareholders 10,0969,9619,5309,3219,404 +0.9%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 NSLNISP NMDC Steel ₹42.65 12,499 135.8 13,939 84 10.8% 0.6% 60.4% 102.5% 8.8% 94.3%
2 MAHSEAMLES Maharashtra Seamless ₹713.65 9,563 13.0 4,620 737 15.0% 16.0% -12.0% -9.8% -4.7% 15.7%
3 SUNFLAG Sunflag Iron ₹443.60 7,995 38.8 3,995 206 11.9% 5.1% 11.4% 25.0% 5.5% 4.8%
4 AEROFLEX Aeroflex Industries ₹565.00 7,477 109.5 503 67 23.4% 13.4% 17.3% 5.6% 73.1% 168.5%
5 TIIL Technocraft Industries ₹3,180.20 7,210 21.2 2,931 349 18.2% 11.9% 6.3% 11.6% 27.2% 67.3%
6 MANINDS Man Industries ₹865.65 6,493 31.5 3,875 204 13.7% 5.3% 1.7% 11.4% 41.9% 122.4%
7 GOODLUCK Goodluck India ₹526.15 5,247 8.7 4,404 210 10.0% 4.8% 4.2% 10.1% 30.9% 67.4%
8 BANSALWIRE Bansal Wire ₹308.10 4,823 9.0 4,388 531 8.5% 12.1% 18.6% 276.0% 24.4% -47.9%
9 DEEDEV DEE Development ₹634.65 4,775 54.6 1,213 81 16.9% 6.6% 38.1% 78.8% 31.6% 22.4%
10 KSL Kalyani Steels ₹957.20 4,189 15.8 1,867 264 19.7% 14.2% -6.9% 0.6% 4.9% 10.6%
11 VENUSPIPES Venus Pipes ₹1,962.30 4,065 39.1 1,211 104 16.3% 8.6% 21.7% 9.2% 16.1% 5.6%
12 VSSL Vardhman Special ₹398.45 3,852 26.9 1,807 144 10.6% 8.0% -0.5% 31.9% 12.0% 105.9%
13 JTLIND JTL INDUSTRIES ₹87.38 3,435 28.8 2,314 122 8.2% 5.3% 11.5% 4.4% 32.7% 113.7%
14 RATNAVEER Ratnaveer Precision ₹343.70 2,885 42.6 1,119 67 18.2% 6.0% 19.8% 36.2% 18.9% 20.0%
15 INTERARCH Interarch Building ₹1,700.60 2,860 20.7 1,639 139 11.5% 8.5% 7.3% 28.6% 20.6% 0.9%
16 PENIND Pennar Industries ₹187.68 2,533 17.8 3,645 142 12.4% 3.9% 12.2% 15.7% 2.9% 10.7%
17 RAJRATAN Rajratan Global ₹457.40 2,322 29.1 1,228 80 12.3% 6.5% 23.8% 21.2% 28.9% 64.0%
18 PRAKASH Prakash Industries ₹117.24 2,100 6.7 3,474 313 15.0% 9.0% -13.3% -6.2% -0.5% -21.7%
19 MSPL MSP Steel ₹33.33 1,889 49.7 2,958 38 6.2% 1.3% -2.1% 217.0% 16.2% 22.1%
20 MAHASTEEL Mahamaya Steel ₹1,115.00 1,832 183.1 943 10 2.6% 1.1% 10.1% 26.3% 29.3% 22.6%
21 HITECH Hi-Tech Pipes ₹75.00 1,520 20.3 4,821 75 3.8% 1.6% 36.9% 4.2% 78.5% -4.2%
22 MANAKCOAT Manaksia Coated ₹130.80 1,395 32.3 897 41 9.4% 4.5% 13.2% 164.5% 4.9% 0.7%
23 STEELXIND STEEL EXCHANGE ₹10.36 1,321 40.3 1,029 31 13.0% 3.1% -7.4% 2.6% -10.1% 46.9%
24 MWL Mangalam Worldwide ₹42.77 1,270 22.9 1,292 55 9.5% 4.2% 13.9% 72.1% 13.7% 25.6%
25 SHAHALLOYS Shah Alloys ₹79.44 157 3.8 39 39 17.5% 99.9% -85.3% 297.8% -92.4% -87.3%
❓ Frequently asked questions
What was Shah Alloys Limited's revenue in Q4 FY26?
Shah Alloys Limited reported revenue of ₹2 crore for the quarter ended March 2026 (Q4 FY26), down 92.4% from ₹30 crore in the same quarter last year, and down 78.1% sequentially over the December 2025 quarter.
What was Shah Alloys Limited's net profit in Q4 FY26?
The company swung to a net profit of ₹4 crore from a net loss of ₹19 crore a year earlier. Earnings per share (EPS) came in at ₹2.25.
What is SHAHALLOYS's market capitalisation and P/E ratio?
At the current price of ₹76.70, SHAHALLOYS has a market capitalisation of ₹152 crore and a trailing P/E of about 2.1.
Who owns Shah Alloys Limited? (shareholding pattern)
As of Sep 2026, promoters held 53.75%, public shareholders 46.25% of Shah Alloys Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI