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Shah Foods Ltd (519031)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519031 NSE: Trading | Small Cap | Shah Foods Share Price

₹170.15 0.00 (0.00%)

As on 01-Jun'26 16:59

Shah Foods Ltd (519031)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519031 NSE: Trading | Small Cap | Shah Foods Share Price

₹170.15 0.00 (0.00%)

As on 01-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹397 Cr.
Current Price
₹170.2
52-Week Low / High
₹98 / 170
TTM EPS
₹-0.1
TTM Sales
₹0 Cr.
Book Value per Share
₹38.8
P/E Ratio
0.00
Industry PE
36
Price to Book (P/B)
4.39
Higher than its 5-year historical median
Price to Sales (P/S)
0.00
Lower than its 5-year historical median
EV/EBITDA
-1945.99
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
20.15%
Outperforms industry median
Return on Assets (ROA)
6.34%
Operating Profit Margin
2.9%
Net Profit Margin
2.86%
Gross Profit Margin
2.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
1.26%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹67 Cr.
Equity
₹23.3 Cr.
Face Value
₹10
All Time Low / High
₹2.05 / 267.75

Shah Foods stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Shah Foods Ltd a good quality company?
Shah Foods Ltd is a weak quality company, based on a inconsistent 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.

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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.

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How does Shah Foods Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shah Foods Ltd vs industry peers?
Shah Foods Ltd revenue CAGR is 21.29%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shah Foods Ltd?
Promoters hold 1.26% of the Shah Foods Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shah Foods Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.1% based on the current price.
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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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shah Foods Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ20%37.1%7.5%7.2%-94.9%-44.9%-36.7%-40.8%-56.3%20.2%-
Value Creation
Index ⓘ		0.41.7-0.5-0.5-7.8-4.2NANANA0.4-

Growth Parameters ⓘ
Sales ⓘ5.25.45.55.51.40.10003.80
Sales YoY Gr.-4.3%1.5%1.1%-74%-93.8%-100%NANANA-
Adj EPS ⓘ3.58.53.12-28.1-8.6-4.5-3.5-3.71.8-0.1
YoY Gr.-145.5%-63.4%-36.8%-1535.2%NANANANANA-
BVPS (₹) ⓘ27.63737.838.69.70.5-4.1-7.6-11.3-9.438.8
Adj Net
Profit ⓘ		0.20.50.20.1-1.7-0.5-0.3-0.2-0.20.1-0
Cash Flow from Ops. ⓘ0.5-0.10.7-0.1-1.3-0.4-0.3-0.2-0.2-0.2-
Debt/CF from Ops. ⓘ0000-0.6-2.2-3.2-4-4.7-7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-3.4%21.3%NANA
Adj EPS ⓘ-6.9%NANANA
BVPSⓘ-188.8%-199.5%NANA
Share Price 10.2% 52.3% 30.4% 20.2%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		13.326.38.35.1-116.6-168.7245.458.938.9-17.5-0.6
Op. Profit
Mgn % ⓘ		7.114.764-113.6-501.50002.9NAN
Net Profit
Mgn % ⓘ		49.43.42.1-117-587.60002.9-INF
Debt to
Equity ⓘ		00001.431.6-3.5-1.9-1.6-2.30
Working Cap
Days ⓘ		446069723343,9120001530
Cash Conv.
Cycle ⓘ		212734419363000160

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5556100004
Operating Expenses ⓘ + 5555310004
Manufacturing Costs4444200000
Material Costs0000000004
Employee Cost 0000000000
Other Costs ⓘ 1111100000
Operating Profit ⓘ 0100-2-0-0-0-00
Operating Profit Margin (%) 7.1%14.7%4.4%4.0%-117.0%-569.0%---2.9%
Other Income ⓘ + 0000000000
Exceptional Items ⓘ 0000000000
Interest ⓘ 0000000000
Depreciation ⓘ 0000000000
Profit Before Tax ⓘ 0100-2-1-0-0-00
Tax ⓘ 0000-000000
Profit After Tax 0100-2-1-0-0-00
PAT Margin (%) 4.0%9.4%2.2%2.1%-119.0%-635.0%---2.9%
Adjusted EPS (₹)3.58.52.12.0-28.9-9.3-4.6-3.5-3.71.8
Dividend Payout Ratio (%)0%11.80%48.60%0%0%0%0%0%0%0%

Valuation of Shah Foods - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 222210-0-0-1-1
Share Capital ⓘ 1111111111
Reserves ⓘ 1222-0-1-1-1-1-1
Debt +0000111111
Long Term Debt0000111111
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables0000000002
Others Liabilities ⓘ 1011000000
Total Liabilities ⓘ 2333211113

Fixed Assets

Net Fixed Assets ⓘ +1111000000
Gross Block2222100000
Accumulated Depreciation1111000000
CWIP ⓘ 0000000000
Investments ⓘ 0000000000
Inventories0000000000
Trade Receivables0000000002
Cash Equivalents 1011000000
Others Assets ⓘ 0101111111
Total Assets ⓘ 2333211113

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 1-01-0-1-0-0-0-0-0
PBT ⓘ 0100-2-1-0-0-00
Adjustment ⓘ -0000000-0-00
Changes in Working Capital ⓘ 0-10-000-0-0-0-0
Tax Paid ⓘ 0-0-0-0000000
Cash Flow From Investing Activity ⓘ + -0-0-0-0000000
Capex -0-0-0-0000000
Net Investments 0000000000
Others ⓘ 000-0000000
Cash Flow From Financing Activity ⓘ + -0-0-0-0100-000
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000100000
Interest Paid ⓘ -0-0-0-0-0-0-0-0-0-0
Dividend Paid ⓘ 0-0-0-0000000
Others ⓘ 0-00-00000-0-0
Net Cash Flow ⓘ 0-01-0-0-00-0-00

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.3426.255.55.13-119.57N/AN/AN/AN/AN/A
ROCE (%)19.9637.127.477.22-94.94N/AN/AN/AN/AN/A
Asset Turnover Ratio2.52.211.971.930.640.060002.22
PAT to CFO Conversion(x)N/A-0N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days0013.4014.2035.600000223.10
Inventory Days20.9027.1027.4026.80000000
Payable Days00004.70000096.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shah Foods Ltd FAQs

The current trading price of Shah Foods on 01-Jun-2026 16:59 is ₹170.2.

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 31-May-2026 the market cap of Shah Foods stood at ₹396.7 Cr

The latest P/E ratio of Shah Foods as of 31-May-2026 is 0.00.

The latest P/B ratio of Shah Foods as of 31-May-2026 is 4.39.

The 52-week high of Shah Foods is ₹170.2 and the 52-week low is ₹97.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shah Foods is ₹0.00 ( Cr.) .

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

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

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

About Shah Foods Ltd

Shah Foods was incorporated in the year 1982 and is engaged in the food processing business. Plaskon and Ind Asia Fund Advisors are its associate companies. Shah Foods manufactures and sells biscuits in India. The company is based in Ahmedabad, India.

It is an ISO: 22000-2005 certified company and has its manufacturing facility in the Gandhinagar district of Gujarat with an installed capacity of 7,500 MTPA biscuits, mainly for Britannia Industries and also supplements it with trading activities. It was selected as the best franchisee for having zero foreign body contamination during FY07 and FY08 by its principal customer -- Britannia Industries.

Shah Foods reported unaudited earnings results for the third quarter and nine months ended December 31, 2009. For the quarter, the company reported income from operations of Rs 5.074 million against Rs 3.932 million a year ago. Ordinary profit before interest & depreciation was Rs 0.492 million against ordinary loss before interest & depreciation of Rs 0.379 million a year ago. Profit before tax was Rs 0.401 million against loss before tax of Rs 0.515 million a year ago. Net profit was Rs 0.036 million or Rs 0.06 per basic and diluted per share against net loss of Rs 0.515 million or Rs 0.86 per basic and diluted per share a year ago.

For the nine months, the company reported income from operations of Rs 14.254 million against Rs 17.194 million a year ago. Ordinary profit before interest & depreciation was Rs 2.305 million against ordinary profit before interest & depreciation of Rs 0.228 million a year ago. Profit before tax was Rs 2.016 million against loss before tax of Rs 0.053 million a year ago. Net profit was Rs 1.351 million or Rs 2.26 per basic and diluted per share against net loss of Rs 0.205 million or Rs 0.34 per basic and diluted per share a year ago.

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