Is Shah Alloys a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shah Alloys Ltd is a average quality company .

Is Shah Alloys undervalued or overvalued?

The key valuation ratios of Shah Alloys Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Shah Alloys share price return in the past 10 years?

Shah Alloys Ltd share price has appreciated 31.1% annually (CAGR) over the past ten years.

Is Shah Alloys a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shah Alloys Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Shah Alloys Ltd - Stock Valuation and Financial Performance

Name: Shah Alloys
Brand: Shah Alloys

BSE: 513436 | NSE: SHAHALLOYS | Steel & Iron Products | Small Cap

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Shah Alloys Share Price

₹60 0.00 0.00%
as on 16-Apr'24 16:01

10 Year X-Ray of Shah Alloys:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-25.1%	-107.4%	732.2%	-3.9%	-34%	2.1%	-4.4%	-40.1%	64.2%	5.4%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	-0.9	NA	NA	3.6	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	419	261	261	311	480	570	489	502	880	626	617
Sales YoY Gr.	-	-37.6%	-0.1%	19.3%	54.1%	18.8%	-14.2%	2.6%	75.3%	-28.8%	-
Adj EPS ⓘ	-66.2	-54	-24.9	-7.1	-28.7	1.7	-4.1	-34.5	50	3.3	-0.3
YoY Gr.	-	NA	NA	NA	NA	NA	-338.2%	NA	NA	-93.3%	-
BVPS (₹) ⓘ	-289.5	-358.4	-187.5	-131.3	-76.6	-76.2	-6.4	-22.9	29.1	32.8	38.1
Adj Net Profit ⓘ	-131	-107	-49.3	-14	-56.8	3.4	-8.2	-68.3	99	6.6	-1
Cash Flow from Ops. ⓘ	2	2.4	49	78	124	14.3	121	151	67.9	45.5	-
Debt/CF from Ops. ⓘ	375.7	275.9	8.6	5.3	2.7	21.8	1.7	1.2	1.7	1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.6%	5.5%	8.6%	-28.8%
Adj EPS ⓘ	NA	NA	NA	-93.3%
BVPSⓘ	NA	NA	NA	12.7%
Share Price	31.1%	29.6%	79.1%	18.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	25.8	16.7	9.1	4.4	27.6	-2.3	10	235.3	1626.3	10.8	-0.9
Op. Profit Mgn % ⓘ	-16.1	-15.1	-6.9	-0.2	-0.2	0.2	-11.4	3.2	13.3	0.7	-2.9
Net Profit Mgn % ⓘ	-31.3	-40.9	-18.9	-4.5	-11.8	0.6	-1.7	-13.6	11.3	1.1	-0.1
Debt to Equity ⓘ	-1.3	-0.9	-1.1	-1.6	-2.2	-2.1	-16.4	-4.1	2	1.1	-
Working Cap Days ⓘ	214	237	154	128	92	87	107	81	53	86	34
Cash Conv. Cycle ⓘ	43	50	35	32	30	27	13	-36	-13	3	-34

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 8.57%

Sales growth is not so good in last 4 quarters at -9.33%

Latest Financials - Shah Alloys Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.3	-14.9
TTM Sales (₹ Cr.)	617	617
BVPS (₹.) ⓘ	38.1	4.4
Reserves (₹ Cr.) ⓘ	56	-11
P/BV ⓘ	1.57	13.67
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	38.80 / 94.00
All Time Low / High (₹)	3.00 / 252.00
Market Cap (₹ Cr.)	119
Equity (₹ Cr.)	19.8
Face Value (₹)	10
Industry PE ⓘ	26.3

Management X-Ray of Shah Alloys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

99.42

99.49

99.53

24.42

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Shah Alloys

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Shah Alloys

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	419	261	261	311	480	570	489	502	880	626
Operating Expenses ⓘ	486	301	279	312	481	569	555	486	763	622
Manufacturing Costs	138	93	68	104	120	145	158	114	158	152
Material Costs	319	187	190	180	340	401	358	345	579	441
Employee Cost	21	15	12	12	18	20	21	20	21	24
Other Costs ⓘ	9	5	8	16	3	3	18	7	5	6
Operating Profit ⓘ	-67	-39	-18	-1	-1	1	-66	16	117	4
Operating Profit Margin (%)	-16.1%	-15.0%	-6.9%	-0.2%	-0.2%	0.2%	-13.4%	3.2%	13.3%	0.6%
Other Income ⓘ	4	4	1	1	1	7	1	29	27	13
Interest ⓘ	93	70	23	14	0	0	0	2	2	3
Depreciation ⓘ	30	39	18	14	14	13	13	13	11	9
Exceptional Items ⓘ	0	-40	247	81	141	-7	92	16	0	0
Profit Before Tax ⓘ	-187	-184	189	53	127	-12	14	47	130	5
Tax ⓘ	-58	-49	65	10	85	-13	28	98	27	-1
Profit After Tax	-129	-135	124	43	42	1	-14	-52	103	7
PAT Margin (%)	-30.7%	-51.7%	47.7%	13.8%	8.8%	0.1%	-3.0%	-10.3%	11.7%	1.1%
Adjusted EPS (₹)	-65.0	-68.3	62.8	21.8	21.3	0.4	-7.3	-26.1	52.0	3.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	-573	-709	-371	-260	-152	-151	-13	-45	58	65
Share Capital ⓘ	20	20	20	20	20	20	20	20	20	20
Reserves ⓘ	-593	-729	-391	-280	-171	-171	-33	-65	38	45
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	657	571	371	296	238	157	170	106	55	74
Long Term Debt	340	254	240	224	238	157	170	75	13	4
Short Term Debt	317	317	131	72	0	0	0	31	42	70
Trade Payables	119	60	73	80	50	116	145	130	116	124
Others Liabilities ⓘ	316	409	214	190	130	188	-63	24	47	0
Total Liabilities ⓘ	518	331	287	306	267	310	240	216	275	263
Fixed Assets
Gross Block	556	555	555	555	556	557	557	557	557	557
Accumulated Depreciation	340	380	399	412	425	438	451	464	475	484
Net Fixed Assetsⓘ	216	175	157	143	131	119	106	93	82	73
CWIP ⓘ	18	13	9	9	9	9	9	9	9	9
Investmentsⓘ	40	5	9	15	22	15	5	9	30	41
Inventories	106	82	82	117	84	125	85	71	118	109
Trade Receivables	31	15	10	7	4	29	24	14	14	15
Cash Equivalents	1	1	3	2	1	0	0	2	0	0
Others Assetsⓘ	107	40	17	12	17	13	10	18	22	16
Total Assets ⓘ	518	331	287	306	267	310	240	216	275	263

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	2	2	49	78	124	14	121	151	68	45
PBT ⓘ	-187	-184	189	53	127	-12	14	47	130	6
Adjustment ⓘ	123	109	-420	-41	-92	13	-79	-2	13	11
Changes in Working Capital ⓘ	66	38	33	4	-10	5	87	92	-58	40
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	0	74	6	0	-1	-1	0	0	0	0
Capex	0	0	0	0	-1	-2	0	0	0	0
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	74	6	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-2	-76	-53	-80	-124	-13	-121	-150	-70	-46
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	92	-6	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-93	-69	-23	-14	0	0	0	-2	-2	-3
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-1	0	-30	-65	-124	-13	-121	-149	-67	-43
Net Cash Flow ⓘ	0	0	2	-1	-1	-1	0	1	-1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1690.14	10.94
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	84.44	5.08
Asset Turnover Ratio	0.83	0.69	0.95	1.18	1.68	1.97	1.78	2.2	3.59	2.33
PAT to CFO Conversion(x)	N/A	N/A	0.4	1.81	2.95	14	N/A	N/A	0.66	6.43
Working Capital Days
Receivable Days	39	29	16	9	4	10	20	14	6	8
Inventory Days	90	117	103	104	77	67	78	57	39	66
Payable Days	134	174	128	155	70	76	133	146	78	99

Shah Alloys Ltd Stock News

Shah Alloys Ltd FAQs

What is the share price of Shah Alloys?

Company share prices are keep on changing according to the market conditions. The closing price of Shah Alloys on 16-Apr-2024 16:01 is ₹60.00.

What is the market cap of Shah Alloys?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2024 16:01 the market cap of Shah Alloys stood at ₹118.8.

What is the P/E ratio of Shah Alloys?

The latest P/E ratio of Shah Alloys as of 16-Apr-2024 16:01 is 0.00.

What is the P/B ratio of Shah Alloys?

The latest P/B ratio of Shah Alloys as of 16-Apr-2024 16:01 is 1.57.

What is the 52-week high and low of Shah Alloys?

The 52-week high of Shah Alloys is ₹94.00 and the 52-week low is ₹38.80.

What is the TTM revenue of Shah Alloys?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shah Alloys is ₹616.5 ( Cr.) .

About Shah Alloys Ltd

Shah Alloys was incorporated as a private limited company on November 23, 1990 and got converted into a public limited company on April 23, 1992. The registered office of the company is located at Ahmedabad, Gujarat.

The companyâ€™s manufacturing facilities are located in the Gandhinagar district of Gujarat with a capacity of 260,000 MTPA steel products. The backward integration measures conducted by the company has ensured the low cost supply of sponge iron and ferro alloys required for stainless steel manufacture and forward integration has added value with SS CR sheet production.

Products of the company includes:-

Utensil grade
Austenitic stainless and martensitic stainless steel
Stainless steel plates and HR coils
Stainless steel black bars
Wire rod in coil
Bright bars, wires
Stainless steelflat
RCS, and angles
Rolled, annealed and pickled white rods; billets and other products.

The main area of the business:- Shah Alloys is engaged in the manufacturing of stainless steel. The Company also has a minor operation in the form of a medical store.