What is Shah Alloys Ltd (SHAHALLOYS) share price return in the past 10 years?

Shah Alloys Ltd share price has appreciated 23.7% annually (CAGR) over the past ten years.

What is the share price of Shah Alloys Ltd (SHAHALLOYS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Shah Alloys Ltd (SHAHALLOYS) on 24-Jun-2026 16:59:59 at 16:59 is 71.00.

What is the P/E ratio of Shah Alloys?

The latest standalone P/E ratio of Shah Alloys as of 24-Jun-2026 is 1.94.

What is the P/B ratio of Shah Alloys Ltd (SHAHALLOYS)?

The latest standalone P/B ratio of Shah Alloys Ltd (SHAHALLOYS) as of 24-Jun-2026 is 1.25.

What is the 52-week high and low of Shah Alloys Ltd (SHAHALLOYS)?

The 52-week high of Shah Alloys Ltd (SHAHALLOYS) is Rs. 82.22 and the 52-week low is Rs. 53.10.

Shah Alloys Ltd (SHAHALLOYS) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Shah Alloys Ltd (SHAHALLOYS)
Brand: Shah Alloys

Shah Alloys Ltd (SHAHALLOYS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513436 NSE: SHAHALLOYS Steel & Iron Products | Small Cap | Shah Alloys Share Price

Shah Alloys Ltd (SHAHALLOYS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513436 NSE: SHAHALLOYS Steel & Iron Products | Small Cap | Shah Alloys Share Price

Key Metrics

Valuation Multiples

Market Cap

₹141 Cr.

Current Price

₹71

52-Week Low / High

₹53 / 82

TTM EPS

₹36.7

TTM Sales

₹37.3 Cr.

Book Value per Share

₹56.8

P/E Ratio

1.94

Higher than its 5-year historical median

Industry PE

24.5

Price to Book (P/B)

1.25

Lower than its 5-year historical median

Price to Sales (P/S)

3.77

Higher than its 5-year historical median

EV/EBITDA

12.65

Higher than its 5-year historical median

Dividend Yield

Profitability Efficiency

Return on Equity (ROE)

-50.99%

Underperforms industry median

Return on Capital Employed (ROCE)

-21.42%

Underperforms industry median

Return on Assets (ROA)

-13.49%

Operating Profit Margin

-3.8%

Net Profit Margin

-10.25%

Gross Profit Margin

-8.9%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-55.01%

Operating Profit Growth (1 Year)

Net Profit Growth (1 Year)

-1158.14%

Asset Quality

Promoter Holding

53.75%

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

0.00%

Reserves

₹93 Cr.

Equity

₹19.8 Cr.

Face Value

₹10

All Time Low / High

₹3.00 / 252.00

Shah Alloys stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Shah Alloys Ltd a good quality company?

Shah Alloys Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Shah Alloys Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Shah Alloys Ltd vs industry peers?

Shah Alloys Ltd revenue CAGR is -11.44%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.

Q.1 Promoter shareholding and pledge status of Shah Alloys Ltd?

Promoters hold 53.75% of the Shah Alloys Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Shah Alloys Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 23.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	68.3%	76.4%	-7.2%	8.1%	28.8%	84.4%	5.1%	4.5%	-21.4%	-
Value Creation Index ⓘ	NA	NA	NA	-1.5	NA	NA	5.0	-0.6	-0.7	-2.5	-
Growth Parameters ⓘ
Sales ⓘ	261	311	480	570	489	502	880	626	592	267	37
Sales YoY Gr.	-	19.3%	54.1%	18.8%	-14.2%	2.6%	75.3%	-28.8%	-5.4%	-55%	-
Adj EPS ⓘ	-24.9	-7.1	-28.7	1.7	-4.1	-34.5	50	3.3	3.4	-10.3	36.7
YoY Gr.	-	NA	NA	NA	-338.2%	NA	NA	-93.3%	3%	-400.6%	-
BVPS (₹) ⓘ	-187.5	-131.3	-76.6	-76.2	-6.4	-22.9	29.1	32.8	33.7	20.4	56.8
Adj Net Profit ⓘ	-49.3	-14	-56.8	3.4	-8.2	-68.3	99	6.6	6.8	-20.5	73
Cash Flow from Ops. ⓘ	49	78	124	14.3	121	151	67.9	43.2	-6.3	-4.5	-
Debt/CF from Ops. ⓘ	8.6	5.3	2.7	21.8	1.7	1.2	1.7	1.7	-12.8	-17.5	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.2%	-11.4%	-32.9%	-55%
Adj EPS ⓘ	NA	NA	-159.1%	-400.6%
BVPSⓘ	NA	NA	-11.2%	-39.7%
Share Price	23.7%	37.2%	21.4%	18.1%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	9.1	4.4	27.6	-2.3	10	235.3	1626.3	10.8	10.3	-38.2	95.1
Op. Profit Mgn % ⓘ	-6.9	-0.2	-0.2	0.2	-11.4	3.2	13.3	0.7	-3	-3.8	42.9
Net Profit Mgn % ⓘ	-18.9	-4.5	-11.8	0.6	-1.7	-13.6	11.3	1.1	1.2	-7.7	194.8
Debt to Equity ⓘ	-1.1	-1.6	-2.2	-2.1	-16.4	-4.1	2	1.1	1.2	2	0
Working Cap Days ⓘ	154	128	92	87	107	81	53	85	74	98	2,999
Cash Conv. Cycle ⓘ	35	32	30	27	13	-36	-13	2	-6	-47	-3,794

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	261	311	480	570	489	502	880	626	592	267
Operating Expenses ⓘ +	279	312	481	569	555	486	763	622	610	287
Manufacturing Costs	68	104	120	145	158	114	158	152	153	65
Material Costs	190	180	340	401	358	345	579	441	430	194
Employee Cost	12	12	18	20	21	20	21	24	22	15
Other Costs ⓘ	8	16	3	3	18	7	5	6	4	12
Operating Profit ⓘ	-18	-1	-1	1	-66	16	117	4	-17	-20
Operating Profit Margin (%)	-6.9%	-0.2%	-0.2%	0.2%	-13.4%	3.2%	13.3%	0.6%	-2.9%	-7.5%
Other Income ⓘ +	1	1	1	7	1	29	27	13	42	1
Exceptional Items ⓘ	247	81	141	-7	92	16	0	0	-10	0
Interest ⓘ	23	14	0	0	0	2	2	3	4	4
Depreciation ⓘ	18	14	14	13	13	13	11	9	9	9
Profit Before Tax ⓘ	189	53	127	-12	14	47	130	5	2	-33
Tax ⓘ	65	10	85	-13	28	98	27	-1	-0	-6
Profit After Tax	124	43	42	1	-14	-52	103	7	3	-27
PAT Margin (%)	47.7%	13.8%	8.8%	0.1%	-3.0%	-10.3%	11.7%	1.1%	0.4%	-10.3%
Adjusted EPS (₹)	62.8	21.8	21.3	0.4	-7.3	-26.1	52.0	3.4	1.3	-13.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Shah Alloys - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	-371	-260	-152	-151	-13	-45	58	65	67	40
Share Capital ⓘ	20	20	20	20	20	20	20	20	20	20
Reserves ⓘ	-391	-280	-171	-171	-33	-65	38	45	47	21
Debt +	371	296	238	157	170	106	55	74	80	79
Long Term Debt	240	224	238	157	170	75	13	4	4	4
Short Term Debt	131	72	0	0	0	31	42	70	77	75
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	73	80	50	116	145	130	116	124	113	76
Others Liabilities ⓘ	214	190	130	188	-63	24	47	0	-20	-31
Total Liabilities ⓘ	287	306	267	310	240	216	275	263	240	165
Fixed Assets
Net Fixed Assets ⓘ +	157	143	131	119	106	93	82	73	67	57
Gross Block	555	555	556	557	557	557	557	557	520	502
Accumulated Depreciation	399	412	425	438	451	464	475	484	453	444
CWIP ⓘ	9	9	9	9	9	9	9	9	9	9
Investments ⓘ	9	15	22	15	5	9	30	41	63	53
Inventories	82	117	84	125	85	71	118	109	82	30
Trade Receivables	10	7	4	29	24	14	14	15	7	1
Cash Equivalents	3	2	1	0	0	2	0	0	0	3
Others Assets ⓘ	17	12	17	13	10	18	22	16	12	12
Total Assets ⓘ	287	306	267	310	240	216	275	263	240	165

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	49	78	124	14	121	151	68	43	-6	-5
PBT ⓘ	189	53	127	-12	14	47	130	6	2	-32
Adjustment ⓘ	-420	-41	-92	13	-79	-2	13	11	6	13
Changes in Working Capital ⓘ	33	4	-10	5	87	92	-58	37	8	4
Tax Paid ⓘ	0	0	0	0	0	0	0	0	-0	0
Cash Flow From Investing Activity ⓘ +	6	0	-1	-1	0	0	0	0	4	1
Capex	0	0	-1	-2	0	0	0	0	3	1
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	6	0	0	0	0	0	0	0	1	1
Cash Flow From Financing Activity ⓘ +	-53	-80	-124	-13	-121	-150	-70	-44	3	6
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-23	-14	-0	-0	-0	-2	-2	-3	-4	-4
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-30	-65	-124	-13	-121	-149	-67	-41	7	10
Net Cash Flow ⓘ	2	-1	-1	-1	-0	1	-1	-0	0	2

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	1690.14	10.94	3.91	-50.99
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	84.44	5.08	4.46	-21.42
Asset Turnover Ratio	0.95	1.18	1.68	1.97	1.78	2.2	3.59	2.35	2.37	1.32
PAT to CFO Conversion(x)	0.4	1.81	2.95	14	N/A	N/A	0.66	6.14	-2	N/A
Working Capital Days
Receivable Days	15.70	8.90	4.10	10.30	19.70	13.70	5.70	8.30	6.80	5.70
Inventory Days	102.50	104.20	76.50	67.10	78.50	56.70	39.20	65.50	58.40	76.30
Payable Days	127.70	155.20	69.80	75.60	133.10	145.70	77.60	99.50	100.70	178.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

24.42

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shah Alloys Ltd FAQs

The current trading price of Shah Alloys on 24-Jun-2026 16:59 is ₹71.00.

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 23-Jun-2026 the market cap of Shah Alloys stood at ₹140.6 Cr

The latest P/E ratio of Shah Alloys as of 23-Jun-2026 is 1.94.

The latest P/B ratio of Shah Alloys as of 23-Jun-2026 is 1.25.

The 52-week high of Shah Alloys is ₹82.22 and the 52-week low is ₹53.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shah Alloys is ₹37.27 ( Cr.) .

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

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

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

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.

Shah Alloys Ltd (SHAHALLOYS)

Shah Alloys Ltd (SHAHALLOYS)

Shah Alloys stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Shah Alloys - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shah Alloys Ltd FAQs

About Shah Alloys Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Shah Alloys Ltd (SHAHALLOYS)

Shah Alloys Ltd (SHAHALLOYS)

Shah Alloys stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Shah Alloys - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shah Alloys Ltd FAQs

What is the share price of Shah Alloys?

What is the market cap of Shah Alloys?

What is the P/E ratio of Shah Alloys?

What is the P/B ratio of Shah Alloys?

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

What is the TTM revenue of Shah Alloys?

Is Shah Alloys Ltd a good quality company?

Is Shah Alloys Ltd undervalued or overvalued?

Is Shah Alloys Ltd a good buy now?

About Shah Alloys Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.