SHAH METACORP LIMITED (SHAH) financials

SHAH METACORP LIMITED (SHAH) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Shah Metacorp Ltd, formerly Gyscoal Alloys Ltd, manufactures stainless-steel long productsat Mehsana, Gujarat. Its range includes ingots, angles, flats, round/bright bars and metal-processing job work. The consolidatedgroup also has agro and commodity-trading businesses.[1]

Market Cap: ₹297Cr.
Current Price: ₹2.99
Stock P/E: 26.0
ROE: 4.48%
ROCE: 5.44%
Book Value: ₹3.05
Dividend Yield: 0.00%
52W High / Low: ₹5.85/2.56

In Jun 2026, SHAH METACORP LIMITED (SHAH) reported sales ₹54.13 Cr and net profit ₹3.51 Cr.

Annual TTM: sales ₹193 Cr, net profit ₹11 Cr.

Shareholding: Promoters 32.51% (Sep 2026), FIIs 0.48% (Sep 2026), DIIs 0.00% (Sep 2026), Public 67.01% (Sep 2026), No. of Shareholders 1,11,082% (Sep 2026).

SHAH quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	48.54	35.89	41.46	28.90	39.81	45.81	53.62	54.13
Expenses	45.78	33.93	38.76	25.70	38.52	44.39	57.16	48.93
Operating Profit	2.76	1.96	2.70	3.20	1.29	1.42	-3.54	5.20
OPM %	5.69%	5.46%	6.51%	11.07%	3.24%	3.10%	-6.60%	9.61%
Other Income	0.65	1.71	0.69	0.71	0.19	0.40	14.04	0.46
Interest	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.90	0.87	1.02	1.07	1.05	1.03	1.01	0.97
Profit before tax	2.51	2.78	2.37	2.84	0.43	0.79	9.49	4.69
Tax %	0.80%	1.08%	-63.29%	10.92%	25.58%	27.85%	26.03%	25.16%
Net Profit	2.48	2.74	3.86	2.53	0.32	0.57	7.02	3.51
EPS in Rs	0.04	0.04	0.06	0.03	0.00	0.01	0.07	0.04
Raw PDF	—	—	—	—	—	—	—	—

SHAH profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	65	13	20	40	92	171	168	193
Expenses	78	94	30	44	88	160	166	189
Operating Profit	-13	-82	-10	-4	4	11	2	4
OPM %	-20%	-651%	-48%	-10%	3.8%	6%	1.4%	2.3%
Other Income	9	0	14	7	4	28	15	15
Interest	6	6	1	0	0	0	0	0
Depreciation	6	5	4	3	4	4	4	4
Profit before tax	-16	-92	0	-0	4	35	14	15
Tax %	-13%	-19%	1,622%	-669%	3%	8%	23%	—
Net Profit	-14	-74	-6	2	4	32	10	11
EPS in Rs	-0.37	-2.01	-0.15	0.04	0.09	0.49	0.11	0.12
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

SHAH balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	16	33	42	59	89
Reserves	22	8	-66	-47	-16	15	106	213
Borrowings	74	76	93	79	67	37	17	15
Other Liabilities	86	85	72	39	35	39	11	14
Total Liabilities	198	184	115	87	120	133	193	331
Fixed Assets	34	29	24	21	25	21	28	26
CWIP	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	90
Other Assets	164	155	90	66	96	112	165	215
Total Assets	198	184	115	87	120	133	193	331

SHAH cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	4	4	-11	-21	-0	-32	-46	-31
Cash from Investing Activity	5	0	0	0	-7	-0	-10	-91
Cash from Financing Activity	-9	-4	11	21	35	4	56	124
Net Cash Flow	-0	0	-0	0	28	-28	-0	2
Free Cash Flow	3	4	-11	-21	-7	-33	-56	-33
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-47%	-31%	14%	223%	8%	-918%	-426%	-1,301%

SHAH shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	30.88%	30.88%	33.17%	29.15%	29.15%	29.15%	29.48%	32.51%
FIIs	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	1.09%	0.48%
DIIs	0.00%	0.00%	0.05%	0.04%	0.04%	0.04%	1.02%	0.00%
Public	69.13%	69.13%	66.78%	70.81%	70.79%	70.81%	68.40%	67.01%
No. of Shareholders	1,12,713	1,19,847	1,23,404	1,19,898	1,15,455	1,11,672	1,09,781	1,11,082

SHAH key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	272	620	1,167	360	232	219	270	225
Inventory Days	90	155	187	295	74	57	20	73
Days Payable	141	271	391	404	157	88	22	34
Cash Conversion Cycle	221	504	963	251	149	188	268	264
Working Capital Days	-2	-53	-2,096	10	22	188	284	345
ROCE %	-8%	-9%	-121%	-23%	0%	5%	7%	5%

SHAHUpdated 18 Oct 2026, 11:12

Shah Metacorp Limited

SHAHUpdated 18 Oct 2026, 11:12

Market Cap

₹297Cr.

Current Price

₹2.99

High / Low

₹5.85/2.56

Stock P/E

26.0

ROE4.48%

ROCE5.44%

Book Value₹3.05

Face Value₹1.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	16.24	0	17.02	3	0.93	1.29	2.33	1.25	0.03
Sep 2023	21.33	0	20.74	1.09	0.92	0.76	0	0.76	0.02
Dec 2023	12.91	0	11.44	0.21	0.88	0.8	3.75	0.77	0.02
Mar 2024	41.39	0	39.27	0.17	0.79	1.5	5.33	1.42	0.03
Jun 2024	44.88	0.01	41.49	24.85	0.83	27.4	15.04	23.27	0.5
Sep 2024	48.54	0	45.78	0.65	0.9	2.51	0.8	2.48	0.04
Dec 2024	35.89	0.02	33.93	1.71	0.87	2.78	1.08	2.74	0.04
Mar 2025	41.46	0	38.76	0.69	1.02	2.37	-63.29	3.86	0.06
Jun 2025	28.9	0	25.7	0.71	1.07	2.84	10.92	2.53	0.03
Sep 2025	39.81	0	38.52	0.19	1.05	0.43	25.58	0.32	0
Dec 2025	45.81	0	44.39	0.4	1.03	0.79	27.85	0.57	0.01
Mar 2026	53.62	0	57.16	14.04	1.01	9.49	26.03	7.02	0.07
Jun 2026	54.13	0	48.93	0.46	0.97	4.69	25.16	3.51	0.04

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	182	11	166	2	6	1	81	0	0.01
Mar 2016	164	12	162	5	11	-15	-13	-13	-0.36
Mar 2017	173	12	161	0	9	-9	-35	-6	-0.16
Mar 2018	95	10	98	0	8	-21	-14	-18	-0.48
Mar 2019	148	7	157	1	7	-22	-6	-20	-0.55
Mar 2020	65	6	78	9	6	-16	-13	-14	-0.37
Mar 2021	13	6	94	0	5	-92	-19	-74	-2.01
Mar 2022	20	1	30	14	4	0	1622	-6	-0.15
Mar 2023	40	0	44	7	3	0	-669	2	0.04
Mar 2024	92	0	88	4	4	4	3	4	0.09
Mar 2025	171	0	160	28	4	35	8	32	0.49
Mar 2026	168	0	166	15	4	14	23	10	0.11
TTM	193	0	189	15	4	15	—	11	0.12

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	32.51%
FIIs	0.48%
Public	67.01%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	36.17%	0%	0%	63.84%
Mar 2024	36.2%	0%	0%	63.8%
Jun 2024	36.18%	0%	0%	63.81%
Sep 2024	29.81%	0.06%	0%	70.13%
Dec 2024	30.88%	0%	0%	69.13%
Mar 2025	30.88%	0%	0%	69.13%
Jun 2025	33.17%	0%	0.05%	66.78%
Sep 2025	29.15%	0%	0.04%	70.81%
Dec 2025	29.15%	0.01%	0.04%	70.79%
Mar 2026	29.15%	0%	0.04%	70.81%
Jun 2026	29.48%	1.09%	1.02%	68.4%
Sep 2026	32.51%	0.48%	0%	67.01%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	Investments	Other Assets	Total Assets
Mar 2015	16	77	81	66	240	57	6	177	240
Mar 2016	16	64	91	64	235	53	6	177	235
Mar 2017	16	60	97	75	247	46	6	196	247
Mar 2018	16	42	77	89	223	40	6	178	223
Mar 2019	16	22	74	86	198	34	0	164	198
Mar 2020	16	8	76	85	184	29	0	155	184
Mar 2021	16	-66	93	72	115	24	0	90	115
Mar 2022	16	-47	79	39	87	21	0	66	87
Mar 2023	33	-16	67	35	120	25	0	96	120
Mar 2024	42	15	37	39	133	21	0	112	133
Mar 2025	59	106	17	11	193	28	0	165	193
Mar 2026	89	213	15	14	331	26	90	215	331

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-7	5	-3	-6
Mar 2016	-3	4	-1	-1
Mar 2017	4	-2	-1	1
Mar 2018	20	-2	-19	0
Mar 2019	4	5	-9	0
Mar 2020	4	0	-4	0
Mar 2021	-11	0	11	0
Mar 2022	-21	0	21	0
Mar 2023	0	-7	35	28
Mar 2024	-32	0	4	-28
Mar 2025	-46	-10	56	0
Mar 2026	-31	-91	124	2

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	197	242	282	430	272	620	1,167	360	232	219	270	225
Inventory Days	116	122	114	204	90	155	187	295	74	57	20	73
Days Payable	105	101	154	188	141	271	391	404	157	88	22	34
Cash Conversion Cycle	209	263	242	446	221	504	963	251	149	188	268	264
Working Capital Days	56	76	74	48	-2	-53	-2,096	10	22	188	284	345
ROCE %	7%	-2%	2%	-7%	-8%	-9%	-121%	-23%	0%	5%	7%	5%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SHAH METACORP LIMITED (SHAH)?

The reported market capitalisation for SHAH METACORP LIMITED (SHAH) is ₹297Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SHAH?

The current price shown for SHAH METACORP LIMITED (SHAH) on Fincrux is ₹2.99 with a 52-week high/low of ₹5.85/2.56.

What is the P/E ratio of SHAH METACORP LIMITED (SHAH)?

The stock P/E for SHAH METACORP LIMITED (SHAH) is 26.0 on Fincrux, with ROE at 4.48% and ROCE at 5.44%.

What were SHAH latest quarterly results?

For Jun 2026, SHAH METACORP LIMITED (SHAH) reported sales ₹54.13 Cr and net profit ₹3.51 Cr (figures in ₹ crore unless noted).

What are SHAH annual sales and net profit?

For TTM, SHAH METACORP LIMITED (SHAH) shows sales of ₹193 Cr and net profit of ₹11 Cr on the Fincrux profit & loss statement.

Who owns SHAH METACORP LIMITED (SHAH)?

Latest shareholding for SHAH METACORP LIMITED (SHAH) on Fincrux: Promoters 32.51% (Sep 2026), FIIs 0.48% (Sep 2026), DIIs 0.00% (Sep 2026), Public 67.01% (Sep 2026), No. of Shareholders 1,11,082% (Sep 2026).

Where can I find SHAH METACORP LIMITED (SHAH) financials?

SHAH METACORP LIMITED (SHAH) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SHAH balance sheet and cash flow?

Yes. The SHAH METACORP LIMITED (SHAH) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 11:12