SHAH ALLOYS LIMITED (SHAHALLOYS) financials

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

Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]

Market Cap: ₹152Cr.
Current Price: ₹76.7
Stock P/E: 22.1
ROE: -55.5%
ROCE: 6.42%
Book Value: ₹56.8
Dividend Yield: 0.00%
52W High / Low: ₹117/53.1

In Jun 2026, SHAH ALLOYS LIMITED (SHAHALLOYS) reported sales ₹0.24 Cr and net profit ₹-2.07 Cr.

Annual TTM: sales ₹16 Cr, net profit ₹73 Cr.

Shareholding: Promoters 53.75% (Sep 2026), FIIs 0.00% (Sep 2026), Public 46.25% (Sep 2026), No. of Shareholders 9,404% (Sep 2026).

SHAHALLOYS quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	66.36	52.00	30.37	23.64	2.96	10.58	2.25	0.24
Expenses	71.40	64.45	47.14	24.56	3.83	16.99	1.40	1.14
Operating Profit	-5.04	-12.45	-16.77	-0.92	-0.87	-6.41	0.85	-0.90
OPM %	-7.59%	-23.94%	-55.22%	-3.89%	-29.39%	-60.59%	37.78%	-375.00%
Other Income	21.75	0.00	0.00	0.00	40.27	67.46	7.23	0.00
Interest	1.11	1.14	1.12	1.05	1.08	1.04	0.44	0.89
Depreciation	2.29	2.30	2.30	1.64	1.64	1.69	1.59	1.00
Profit before tax	13.31	-15.89	-20.19	-3.61	36.68	58.32	6.05	-2.79
Tax %	-15.25%	-3.96%	-4.11%	-21.61%	2.51%	39.61%	26.45%	-25.81%
Net Profit	15.34	-15.26	-19.36	-2.83	35.76	35.22	4.45	-2.07
EPS in Rs	7.75	-7.71	-9.78	-1.43	18.06	17.79	2.25	-1.05
Raw PDF	—	—	—	—	—	—	—	—

SHAHALLOYS profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	489	502	880	626	592	267	37	16
Expenses	555	486	763	622	610	287	32	23
Operating Profit	-66	16	117	4	-17	-20	5	-7
OPM %	-13%	3.2%	13%	0.7%	-3.0%	-8%	13%	-46%
Other Income	93	45	27	13	33	1	103	115
Interest	0	2	2	3	4	4	4	3
Depreciation	13	13	11	9	9	9	7	6
Profit before tax	14	47	130	5	2	-33	97	98
Tax %	204%	211%	21%	-25%	-10%	-17%	25%	—
Net Profit	-14	-52	103	7	3	-27	73	73
EPS in Rs	-7.32	-26.09	51.96	3.38	1.30	-13.79	36.67	37.05
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

SHAHALLOYS balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20	20	20	20	20	20	20	20
Reserves	-171	-33	-65	38	45	47	20	93
Borrowings	238	209	168	117	74	80	79	63
Other Liabilities	448	241	191	172	197	166	123	32
Total Liabilities	535	437	314	346	335	313	243	208
Fixed Assets	119	106	93	82	73	67	57	50
CWIP	9	9	9	9	9	9	9	0
Investments	15	5	9	30	41	63	53	49
Other Assets	392	316	202	225	212	174	124	108
Total Assets	535	437	314	346	335	313	243	208

SHAHALLOYS cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	14	121	57	68	43	-6	7	-71
Cash from Investing Activity	-1	0	0	0	0	4	1	89
Cash from Financing Activity	-13	-121	-56	-70	-44	3	-6	-20
Net Cash Flow	-1	-0	1	-1	-0	0	2	-2
Free Cash Flow	13	121	57	68	43	-3	8	8
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	1,619%	-185%	351%	58%	1,065%	35%	-34%	-1,423%

SHAHALLOYS shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	53.78%	53.78%	53.78%	53.75%	53.75%	53.75%	53.75%	53.75%
FIIs	0.00%	0.00%	0.00%	0.03%	0.08%	0.00%	0.00%	0.00%
Public	46.21%	46.22%	46.22%	46.22%	46.18%	46.26%	46.26%	46.25%
No. of Shareholders	10,259	10,417	10,096	9,961	9,530	9,321	9,156	9,404

SHAHALLOYS key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	18	18	10	6	9	4	2	11
Inventory Days	114	87	75	74	90	70	57	381
Days Payable	105	148	138	73	103	96	133	25
Cash Conversion Cycle	27	-43	-53	7	-4	-22	-75	367
Working Capital Days	-223	-112	-125	-46	-69	-91	-224	-453
ROCE %	-6%	-55%	20%	89%	5%	11%	-21%	6%

SHAHALLOYSUpdated 18 Oct 2026, 6:31

Shah Alloys Limited

SHAHALLOYSUpdated 18 Oct 2026, 6:31

Market Cap

₹152Cr.

Current Price

₹76.7

High / Low

₹117/53.1

Stock P/E

22.1

ROE-55.5%

ROCE6.42%

Book Value₹56.8

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 1990, Shah Alloys Ltd manufactures and sells Steel and related products[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	159.56	1.05	155.52	6.87	2.23	7.63	1.83	7.49	3.78
Sep 2023	180.59	1.06	176.91	1.6	2.23	1.99	2.51	1.94	0.98
Dec 2023	144.68	1.04	151.66	8.43	2.23	-1.82	-145.05	0.82	0.41
Mar 2024	128.41	0.87	136.87	6.09	2.21	-5.45	40.73	-7.67	-3.87
Jun 2024	118.55	1.11	125.35	0	2.3	-10.21	-21.55	-8.01	-4.05
Sep 2024	66.36	1.11	71.4	21.75	2.29	13.31	-15.25	15.34	7.75
Dec 2024	52	1.14	64.45	0	2.3	-15.89	-3.96	-15.26	-7.71
Mar 2025	30.37	1.12	47.14	0	2.3	-20.19	-4.11	-19.36	-9.78
Jun 2025	23.64	1.05	24.56	0	1.64	-3.61	-21.61	-2.83	-1.43
Sep 2025	2.96	1.08	3.83	40.27	1.64	36.68	2.51	35.76	18.06
Dec 2025	10.58	1.04	16.99	67.46	1.69	58.32	39.61	35.22	17.79
Mar 2026	2.25	0.44	1.4	7.23	1.59	6.05	26.45	4.45	2.25
Jun 2026	0.24	0.89	1.14	0	1	-2.79	-25.81	-2.07	-1.05

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	261	70	340	4	39	-184	-27	-135	-68.28
Mar 2016	260	23	278	248	18	189	34	124	62.83
Mar 2017	299	14	300	82	14	53	19	43	21.76
Mar 2018	480	0	480	142	14	127	67	42	21.26
Mar 2019	570	0	569	0	13	-12	-106	1	0.38
Mar 2020	489	0	555	93	13	14	204	-14	-7.32
Mar 2021	502	2	486	45	13	47	211	-52	-26.09
Mar 2022	880	2	763	27	11	130	21	103	51.96
Mar 2023	626	3	622	13	9	5	-25	7	3.38
Mar 2024	592	4	610	33	9	2	-10	3	1.3
Mar 2025	267	4	287	1	9	-33	-17	-27	-13.79
Mar 2026	37	4	32	103	7	97	25	73	36.67
TTM	16	3	23	115	6	98	—	73	37.05

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	53.75%
Public	46.25%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	53.78%	0%	—	46.22%
Mar 2024	53.78%	0%	—	46.22%
Jun 2024	53.78%	0%	—	46.22%
Sep 2024	53.78%	0%	—	46.22%
Dec 2024	53.78%	0%	—	46.21%
Mar 2025	53.78%	0%	—	46.22%
Jun 2025	53.78%	0%	—	46.22%
Sep 2025	53.75%	0.03%	—	46.22%
Dec 2025	53.75%	0.08%	—	46.18%
Mar 2026	53.75%	0%	—	46.26%
Jun 2026	53.75%	0%	—	46.26%
Sep 2026	53.75%	0%	—	46.25%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	20	-729	653	801	744	175	13	5	551	744
Mar 2016	20	-391	419	587	635	157	9	9	460	635
Mar 2017	20	-280	338	566	644	143	9	15	476	644
Mar 2018	20	-171	263	368	479	131	9	22	317	479
Mar 2019	20	-171	238	448	535	119	9	15	392	535
Mar 2020	20	-33	209	241	437	106	9	5	316	437
Mar 2021	20	-65	168	191	314	93	9	9	202	314
Mar 2022	20	38	117	172	346	82	9	30	225	346
Mar 2023	20	45	74	197	335	73	9	41	212	335
Mar 2024	20	47	80	166	313	67	9	63	174	313
Mar 2025	20	20	79	123	243	57	9	53	124	243
Mar 2026	20	93	63	32	208	50	0	49	108	208

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	2	74	-76	0
Mar 2016	49	6	-53	2
Mar 2017	78	0	-80	-1
Mar 2018	124	-1	-124	-1
Mar 2019	14	-1	-13	-1
Mar 2020	121	0	-121	0
Mar 2021	57	0	-56	1
Mar 2022	68	0	-70	-1
Mar 2023	43	0	-44	0
Mar 2024	-6	4	3	0
Mar 2025	7	1	-6	2
Mar 2026	-71	89	-20	-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	21	14	9	3	18	18	10	6	9	4	2	11
Inventory Days	160	158	241	89	114	87	75	74	90	70	57	381
Days Payable	117	140	164	53	105	148	138	73	103	96	133	25
Cash Conversion Cycle	64	32	85	39	27	-43	-53	7	-4	-22	-75	367
Working Capital Days	-1,475	-924	-641	-209	-223	-112	-125	-46	-69	-91	-224	-453
ROCE %	-137%	—	-21%	-14%	-6%	-55%	20%	89%	5%	11%	-21%	6%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SHAH ALLOYS LIMITED (SHAHALLOYS)?

The reported market capitalisation for SHAH ALLOYS LIMITED (SHAHALLOYS) is ₹152Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SHAHALLOYS?

The current price shown for SHAH ALLOYS LIMITED (SHAHALLOYS) on Fincrux is ₹76.7 with a 52-week high/low of ₹117/53.1.

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

The stock P/E for SHAH ALLOYS LIMITED (SHAHALLOYS) is 22.1 on Fincrux, with ROE at -55.5% and ROCE at 6.42%.

What were SHAHALLOYS latest quarterly results?

For Jun 2026, SHAH ALLOYS LIMITED (SHAHALLOYS) reported sales ₹0.24 Cr and net profit ₹-2.07 Cr (figures in ₹ crore unless noted).

What are SHAHALLOYS annual sales and net profit?

For TTM, SHAH ALLOYS LIMITED (SHAHALLOYS) shows sales of ₹16 Cr and net profit of ₹73 Cr on the Fincrux profit & loss statement.

Who owns SHAH ALLOYS LIMITED (SHAHALLOYS)?

Latest shareholding for SHAH ALLOYS LIMITED (SHAHALLOYS) on Fincrux: Promoters 53.75% (Sep 2026), FIIs 0.00% (Sep 2026), Public 46.25% (Sep 2026), No. of Shareholders 9,404% (Sep 2026).

Where can I find SHAH ALLOYS LIMITED (SHAHALLOYS) financials?

SHAH ALLOYS LIMITED (SHAHALLOYS) 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 SHAHALLOYS balance sheet and cash flow?

Yes. The SHAH ALLOYS LIMITED (SHAHALLOYS) 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 6:31