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Prices as of 9 Oct 2026 close · Not investment advice

Shah Metacorp Limited

NSE: SHAHIron & Steel Products

Share price

₹2.96

+0.34% close of 9 Oct 2026

Market cap ₹294 CrP/E 22.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

54

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹294 Cr

P/E ratio

22.3

P/B ratio

1.0

ROCE

4.8%

ROE

5.1%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹5.7852-week low ₹2.95

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 95%.

Profit growthPrice per ₹1 profitPer 1% growth
Shah Metacorp Limited — this one95%/yr22.3×₹0.23
Ratnamani Metals & Tubes Limited-1%/yr40.3×—
Jindal Saw Limited14%/yr26.4×₹1.9
Usha Martin Limited9%/yr28.5×₹3.2
Godawari Power And Ispat limited1%/yr15.6×₹15.6
Gallantt Ispat Limited51%/yr27.8×₹0.55

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 61 of 70 on returns, 63 of 68 on growth, 68 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 4.8% on capital, ahead of 13% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹158 crore of cash before any plant spend, funded from lenders and shareholders. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 10 checks clear · 50%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹57 Cr

Revenue vs last year

+97.9%

Revenue vs last quarter

-8.2%

Net profit

₹4 Cr

Profit vs last year

+41.5%

Profit vs last quarter

-56.7%

Net margin

6.2%

EPS

₹0.04

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹294 Cr
Prev close
₹2.96
52w High
₹5.9
52w Low
₹2.6
Enterprise value
₹531 Cr
Beta
0.6
Price CAGR 1y
-22.0%
Price CAGR 3y
1.0%
Price CAGR 5y
9.0%
Price CAGR 10y
-11.0%

Ratios

Return on assets
2.1%
PEG ratio
0.2
P/E ratio
22.3
P/B ratio
1.0
EV / EBITDA
159.0
Industry P/E
24.8
ROCE
4.8%
ROCE 5y average
-1.0%
ROE
5.1%
Debt / Equity
0.8
Interest coverage
8.5
Dividend yield
0.0%
ROE 3y average
6.0%
ROE last year
5.0%

Annual P&L

Annual revenue
₹208 Cr
Annual profit
₹12 Cr
Operating margin
0.8%
Net profit margin
5.8%
EBITDA margin
1.0%
Sales growth 3y
73.2%
Sales growth 5y
74.1%
Profit growth 3y
95.0%
Profit growth 5y
17.0%
EPS
₹0.1
Sales growth TTM
49.0%
Profit growth TTM
12.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹57 Cr
Profit latest quarter
₹4 Cr
YoY quarterly sales growth
97.9%
YoY quarterly profit growth
41.4%
OPM latest quarter
8.3%

Balance Sheet

Book Value
₹3.1
Face Value
₹1.0
Total debt
₹239 Cr
Total cash
₹2 Cr
Borrowings
₹239 Cr
Reserves / Equity
2.4

Cash Flow

Operating cash flow
-₹58 Cr
Free cash flow
-₹60 Cr
FCF yield
-21.1%
Net cash flow
₹2 Cr

Shareholding

Promoter holding
32.5%
FII holding
1.0%
DII holding
1.0%
Public holding
65.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,657.9030.470,1130.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,071.9546.857,5290.40263.110.95,606.78.431.8
Shyam Metalics1,063.3526.429,6810.42350.718.15,455.123.413.0
Ratnamani Metals2,487.9039.717,4380.40107.0-37.7971.6-15.617.9
Jindal Saw267.9526.217,1360.7290.8-75.44,452.39.010.4
Usha Martin502.1528.115,3030.73142.040.71,033.016.419.5
Godawari Power206.8517.013,9260.47222.42.71,750.532.320.5
Shah Metacorp2.9722.42950.003.539.857.297.94.8
Median169.5022.69640.0014.328.3213.216.613.0

Competes with: APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales16211346464940412967506257
Expenses17211144434638392665496652
Material Cost362475432843
Change in Inventories0.93-0.37-5.76-1.761.274.12
Purchases of Stock-in-Trade00132.31182.04
Employee Cost0.440.390.820.460.531.27
Other Expenses1.841.737.695.33192.53
Operating Profit-0.780.591.472.183.452.742.312.643.161.661.09-4.154.74
OPM %-4.802.77114.717.455.645.806.37112.492.18-6.668.29
Other Income31.090.210.17250.651.710.690.710.631.88171.19
Exceptional items (within Other Income)000000
Interest00000.0100.030.0100.321.011.140.27
Depreciation0.930.920.880.790.830.900.871.021.071.061.031.020.97
Profit before tax1.290.760.801.56272.493.122.302.800.910.93104.69
Tax %2.3303.755.13150.803.85-651112242425
Net Profit1.250.760.771.48232.4733.792.490.800.728.143.52
EPS in Rs0.030.020.020.030.500.040.050.060.030.010.010.080.04
Diluted EPS in Rs0.070.040.040.010.090.04

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales182164173951486513204097176208236
Expenses166162161981577894304493165206233
Material Cost158146
Change in Inventories-1.91-6.24
Purchases of Stock-in-Trade033
Employee Cost1.491.82
Other Expenses7.4432
Operating Profit15212-3-9-13-82-10-441123
OPM %81.507-2.80-6-20-651-48-103.7060.801.40
Other Income25001901474282020
Exceptional items (within Other Income)250
Interest111212107661000.0423
Depreciation61198765433.523.6344
Profit before tax1-15-9-21-22-16-920-04.40351517
Tax %103-13-35-14-6-13-191,622-6693820
Net Profit-0-13-6-18-20-14-74-624.26331213
EPS in Rs0-0.36-0.16-0.48-0.55-0.37-2.01-0.150.040.090.490.120.14
Diluted EPS in Rs0.610.15
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
2%
5 years
74%
3 years
73%
TTM
49%

Compounded profit growth

10 years
11%
5 years
17%
3 years
95%
TTM
12%

Stock price CAGR

10 years
-11%
5 years
9%
3 years
1%
1 year
-22%

Return on equity

10 years
—
5 years
—
3 years
6%
Last year
5%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616161633425989
Reserves77646042228-66-47-1615106217
Borrowings86961018274769379673718239
Other Liabilities696775898685723935441521
Minority Interest0.003.19
Total Liabilities24724225222919818411587120138198566
Fixed Assets6156484234292421252128100
CWIP000000000000
Investments0000000000044
Other Assets187186204187164155906696117170421
Total Assets24724225222919818411587120138198566

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-7-342084-19-21-0-32-47-58
Cash from Investing Activity54-2-21000-7-0-10-220
Cash from Financing Activity-3-1-1-19-9-4182135457279
Net Cash Flow-6-11-0-00-0028-28-02
Free Cash Flow-29-911894-19-21-7-33-57-60

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1972422824302726201,167360232226272208
Inventory Days1161221142049015518729574541959
Days Payable1051011541881412713914041571043134
Cash Conversion Cycle209263242446221504963251149176260232
Working Capital Days68896938-2-53-2,0961022179277614
ROCE %6-22-7-7-9-121-230585

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters363636303131332929292933
FIIs0000.0600000.0101.091.04
DIIs0000000.050.040.040.041.020.97
Public646464706969677171716865
No. of Shareholders54,36866,90382,3571,08,5031,12,7131,19,8471,23,4041,19,8981,15,4551,11,6721,09,7811,09,781

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -27.3% (₹4.07 → ₹2.96)Brick size ₹0.16 (fixed)Bricks 73
₹4.00₹5.00₹2.96Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹2.96 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

237inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

22.09cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Shah Metacorp Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Stainless steel scrap / iron and steel scrap
  • Steel and alloy raw materials (billets, alloys)

Depends on the price of

  • steel

Sells to

  • General Capital and Holdings Private Limited · Stainless steel and mild steel long products; raw material of steels and alloys
  • Gyscoal Enterprises Private Limited · Stainless steel and mild steel long products; raw material of steels and alloys
  • Sampati Securities Limited · Stainless steel and mild steel long products; raw material of steels and alloys

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE482J01021

Plants

  • Shah Metacorp Kukarwada plant (Registered Office & Factory)

News impact

Big market events that reach Shah Metacorp Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

13 Oct 2016split₹0

Splits, bonuses & buybacks

  • daily-prices repair: 5 rows from NSE's archive (replace 0, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
  • nse-rename-history fill: 1852 NSE bars before cutoff, ISIN INE482J01013@2016-01-01|INE482J01021@2016-10-14, symbols GAL (docs/nse_rename_history.md)1× · 26 Jun 2023
  • nse-rename-history step: Face Value Split From Rs 10 To Re 1 (NSE corporate action, ex 2016-10-13)0.1× · 13 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
27 Aug 2026DHANJIT REAL TRADE LLPBUY83,81,256₹3.62
27 Aug 2026DHANJIT REAL TRADE LLPSELL73,81,256₹3.51
26 Aug 2026DHANJIT REAL TRADE LLPSELL1,55,07,183₹2.78
26 Aug 2026DHANJIT REAL TRADE LLPBUY1,49,95,183₹2.90
26 Aug 2026NEO APEX SHARE BROKING SERVICES LLPBUY1,21,17,771₹2.56
26 Aug 2026NEO APEX SHARE BROKING SERVICES LLPSELL1,21,17,771₹2.70
26 Aug 2026SHAH MALAVKUMAR KALPESHSELL50,00,000₹2.56
25 Aug 2026DHANJIT REAL TRADE LLPSELL1,58,61,388₹3.44
25 Aug 2026DHANJIT REAL TRADE LLPBUY1,45,23,951₹3.48
24 Jul 2026SKSE SECURITIES LIMITEDSELL74,44,308₹4.79

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
22 Sep 2026MONA VIRAL SHAH · Promoter and DirectorBUY65,00,0003.06
19 Sep 2026MONA VIRAL SHAH · Promoter and DirectorBUY65,00,0003.06
13 Sep 2026MONA VIRAL SHAH · Promoter and DirectorBUY2,75,00,00012.95

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.