Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹284 Cr.
Stock P/E
23.4
P/B
0.8
Current Price
₹2.8
Book Value
₹ 3.7
Face Value
1
52W High
₹5.8
52W Low
₹ 2.6
Dividend Yield
0%

Shah Metacorp Overview

Business

Shah Metacorp Ltd. operates in the Steel & Iron Products sector in India. The company is primarily involved in the manufacturing, processing, and/or trading of various steel and iron products. Its core business model involves sourcing raw materials (such as iron ore, coal, scrap), processing them into finished or semi-finished steel products, and then selling these products to industrial customers. Revenue is generated from the sales of these manufactured or traded goods, catering to sectors like construction, infrastructure, manufacturing, and automotive industries.

Revenue Mix

Specific details regarding Shah Metacorp Ltd.'s key business segments or a detailed revenue mix are not publicly available based on the provided information. Companies in this industry typically produce a range of products, which might include TMT bars, structural steel, wire rods, billets, coils, and other value-added steel products. Without further information, it is difficult to ascertain the exact breakdown of their product portfolio or revenue contribution from different categories.

Industry

The Indian Steel & Iron sector is a foundational industry, characterized by its capital intensity, cyclical nature, and direct linkage to economic growth, particularly in infrastructure, construction, and manufacturing. The industry is highly competitive, with a mix of large integrated players (both public and private) and numerous smaller, often regional, producers. Shah Metacorp Ltd.'s positioning within this landscape would depend on factors such as its scale of operations, product specialization (e.g., commodity vs. value-added steel), geographical focus, and cost efficiency. Given the ticker SHAH, it is likely a smaller to mid-sized player compared to large integrated steel giants in India.

MOAT

In the Steel & Iron Products industry, strong competitive advantages (moats) are typically derived from scale (leading to lower per-unit costs), backward integration (captive raw material mines), technological superiority, and strategic location. For a company like Shah Metacorp Ltd., without specific operational details, it is unlikely to possess a deep structural moat like vast captive mines or global brand recognition typical of large diversified players. Any competitive advantage would likely stem from operational efficiencies, strong regional customer relationships, specialized product offerings, cost-effective sourcing, or timely delivery and service rather than a durable, wide economic moat.

Growth Drivers

Indian Infrastructure Development: Government initiatives and significant investments in infrastructure projects (roads, railways, ports, urban development) will drive sustained demand for steel.

Urbanization & Real Estate: Growing urban populations and demand for housing and commercial spaces fuel construction activity, directly boosting steel consumption.

Manufacturing Sector Growth: Expansion in industries like automotive, capital goods, and consumer durables will increase the need for various steel products.

Economic Growth: Overall economic growth in India directly correlates with increased steel consumption across various end-user sectors.

"Make in India" Initiative: Policies promoting domestic manufacturing could provide an impetus to local steel producers.

Risks

Cyclicality of Demand: The steel industry is highly cyclical, sensitive to economic downturns, impacting demand and pricing.

Raw Material Price Volatility: Fluctuations in prices of key inputs like iron ore, coal, and scrap can significantly impact profitability.

Intense Competition: The presence of numerous domestic and international players can lead to pricing pressure and margin erosion.

Regulatory & Environmental Compliance: Evolving environmental regulations and trade policies (e.g., anti-dumping duties, import tariffs) can affect operations and costs.

Capital Intensity: The sector requires significant capital expenditure for expansion and modernization, making it sensitive to interest rate changes and financing availability.

Import Competition: Cheaper imports, especially from countries with surplus capacity, can pose a threat to domestic producers.

Management & Ownership

As is common with many Indian companies, Shah Metacorp Ltd. is likely promoted and significantly owned by its founding family or a core promoter group. The management structure would typically involve key promoter family members in leadership roles, supported by professional management. The quality of management and corporate governance would depend on their experience, strategic vision, execution capabilities, and commitment to transparency and minority shareholder interests, which cannot be assessed without further information. Ownership would likely be concentrated within the promoter group, with a portion held by the public.

Outlook

Shah Metacorp Ltd., as a participant in the Indian Steel & Iron Products sector, is poised to benefit from India's robust long-term growth story driven by infrastructure development, urbanization, and a growing manufacturing base. This creates a favorable demand environment for steel products. However, the company also faces significant industry-specific challenges, including intense competition, volatility in raw material prices, and the inherent cyclicality of the steel sector. Its ability to navigate these challenges through operational efficiency, strategic product positioning, and effective cost management will be crucial for sustained performance. The outlook is balanced between the strong fundamental demand drivers of the Indian economy and the competitive and capital-intensive nature of the steel industry.

Shah Metacorp Share Price

Live · BSE / NSE · Inception: 1999
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Shah Metacorp Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 46 46 49 40 41 29 67 50 62 57
Other Income 0 0 1 2 1 1 1 2 17 1
Total Income 46 46 49 42 42 30 67 52 79 58
Total Expenditure 44 43 46 38 39 26 65 49 66 52
Operating Profit 2 3 3 4 3 4 2 3 13 6
Interest 0 0 0 0 0 0 0 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 25 0 0 0 0 0 0 0 0
Profit Before Tax 2 27 2 3 2 3 1 1 10 5
Provision for Tax 0 4 0 0 -2 0 0 0 2 1
Profit After Tax 1 23 2 3 4 2 1 1 8 4
Adjustments 0 0 0 0 0 0 0 -0 0 -0
Profit After Adjustments 1 23 2 3 4 2 1 1 8 3
Adjusted Earnings Per Share 0 0.6 0 0.1 0.1 0 0 0 0.1 0

Shah Metacorp Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 159 173 95 148 65 13 20 40 97 176 208 236
Other Income 5 0 0 7 9 0 3 7 4 3 20 21
Total Income 164 173 95 155 73 13 23 47 101 179 228 256
Total Expenditure 157 161 98 157 78 94 30 44 93 165 206 232
Operating Profit 7 12 -3 -3 -4 -82 -7 3 8 14 22 24
Interest 12 12 10 7 6 6 1 0 0 0 2 2
Depreciation 11 9 8 7 6 5 4 3 4 4 4 4
Exceptional Income / Expenses 0 0 0 -6 0 0 11 0 0 25 0 0
Profit Before Tax -15 -9 -21 -22 -16 -92 0 -0 4 35 15 17
Provision for Tax -2 -3 -3 -1 -2 -18 6 -2 0 3 3 3
Profit After Tax -13 -6 -18 -20 -14 -74 -6 2 4 33 12 14
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -13 -6 -18 -20 -14 -74 -6 2 4 33 12 13
Adjusted Earnings Per Share -0.7 -0.3 -0.9 -1.1 -0.7 -3.9 -0.3 0 0.1 0.5 0.1 0.1

Shah Metacorp Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 79 75 58 37 24 -50 -31 18 57 165 305
Minority's Interest 2 0 0 0 0 0 0 0 0 0 3
Borrowings 24 17 8 5 7 32 76 62 37 18 239
Other Non-Current Liabilities 5 -1 -4 -5 -7 -25 -19 -21 -21 -19 -18
Total Current Liabilities 132 159 162 155 152 133 43 40 44 15 18
Total Liabilities 242 251 224 192 176 89 67 99 117 179 547
Fixed Assets 56 48 42 34 29 24 21 25 21 28 99
Other Non-Current Assets 11 11 10 4 4 4 3 3 3 3 78
Total Current Assets 175 193 173 154 143 61 43 71 92 149 370
Total Assets 242 251 224 192 176 89 67 99 117 179 547

Shah Metacorp Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 3 0 1 0 0 0 0 0 29 0 0
Cash Flow from Operating Activities -3 4 20 8 4 -11 -21 -0 -32 -47 -58
Cash Flow from Investing Activities 4 -2 -2 1 0 0 0 -7 -0 -10 -220
Cash Flow from Financing Activities -1 -1 -19 -9 -4 11 21 35 4 57 279
Net Cash Inflow / Outflow -1 1 -0 -0 0 -0 0 28 -28 -0 2
Closing Cash & Cash Equivalent 3 1 0 0 0 0 0 29 0 0 2

Shah Metacorp Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -0.69 -0.31 -0.92 -1.05 -0.71 -3.86 -0.29 0.05 0.1 0.55 0.14
CEPS(Rs) -0.14 0.17 -0.52 -0.71 -0.43 -3.62 -0.1 0.14 0.19 0.61 0.18
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 4.12 3.92 3.02 1.95 1.24 -2.6 -1.63 0.53 1.36 2.77 3.42
Core EBITDA Margin(%) 1.32 6.83 -2.8 -6.28 -19.95 -650.65 -47.58 -10.15 3.71 6.35 0.85
EBIT Margin(%) -1.94 1.63 -10.92 -10.09 -14.98 -684.92 4.52 0.1 4.57 20.09 8.52
Pre Tax Margin(%) -8.3 -5.37 -21.64 -14.56 -24.19 -733.98 1.83 -0.72 4.55 20.07 7.33
PAT Margin (%) -7.25 -3.49 -18.72 -13.72 -21.15 -591.03 -28.1 4.15 4.41 18.51 5.84
Cash Profit Margin (%) -1.49 1.83 -10.43 -9.23 -12.59 -554.92 -9.79 11.47 8.05 20.57 7.84
ROA(%) -5.44 -2.44 -7.5 -9.75 -7.43 -56.13 -7.21 1.99 3.96 22.02 3.34
ROE(%) -15.49 -7.79 -26.63 -42.38 -44.61 0 0 0 11.35 29.26 5.16
ROCE(%) -2.02 1.61 -6.57 -11.86 -9.18 -121.4 2.01 0.06 4.93 25.55 4.87
Receivable days 205.57 256.09 471.45 274.2 620.99 2179.02 546.23 206.33 160.73 198.12 219.14
Inventory Days 92.51 91.07 157.22 92.88 164.61 537.6 245.26 104.19 38.74 21.78 31.57
Payable days 106.21 131.98 224.84 123.1 296.31 538.42 448.82 175.88 86.89 44.12 31.18
PER(x) 0 0 0 0 0 0 0 48.59 29.9 5.23 33.91
Price/Book(x) 0.66 2.38 1.71 2.09 0.83 -0.62 -1.78 4.55 2.22 1.02 1.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.91 1.62 1.9 1.03 1.47 9.82 6.72 2.99 1.69 1.07 3.12
EV/Core EBITDA(x) 20.7 23.26 -72.33 -58.57 -22.87 -1.51 -20.24 40.33 20.61 13.24 29.78
Net Sales Growth(%) -12.23 8.59 -45 55.42 -56.24 -80.56 59.26 98.98 142.66 82.04 18.07
EBIT Growth(%) -131.62 179.02 -468.31 -43.57 35.04 -788.91 101.05 -95.75 0 700.95 -49.95
PAT Growth(%) 0 54.74 -195.44 -13.94 32.56 -443.31 92.43 129.36 157.78 664.68 -62.77
EPS Growth(%) 0 54.74 -195.45 -13.94 32.56 -443.31 92.43 116.93 104.15 439.93 -75.02
Debt/Equity(x) 1.21 1.34 1.4 1.98 3.17 -1.85 -2.51 3.82 0.64 0.11 0.78
Current Ratio(x) 1.32 1.21 1.06 1 0.94 0.46 1.02 1.77 2.09 10.04 20.59
Quick Ratio(x) 0.97 0.96 0.81 0.78 0.78 0.37 0.67 1.58 1.8 9.48 19.05
Interest Cover(x) -0.31 0.23 -1.02 -2.26 -1.63 -13.96 1.68 0.12 309.03 889.31 7.19
Total Debt/Mcap(x) 1.84 0.56 0.82 0.95 3.82 2.99 1.42 0.84 0.29 0.1 0.58

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +18% +73% +74% +3%
Operating Profit CAGR +57% +94% — +12%
PAT CAGR -64% +82% — —
Share Price CAGR -35% +1% +7% -13%
ROE Average +5% +15% +9% -8%
ROCE Average +5% +12% +7% -10%

Shah Metacorp Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 32.51 %
FII 0.48 %
DII (MF + Insurance) 0 %
Public (retail) 67.01 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 36.1829.8130.8730.8733.1729.1529.1529.1529.4932.51
FII 00.0600000.0101.090.48
DII 00000.050.040.040.041.020
Public 63.8270.1369.1369.1366.7870.8170.870.8168.467.01
Others 0000000000
Total 100100100100100100100100100100

Shah Metacorp Peer Comparison

Steel & Iron Products Edit Columns

Shah Metacorp Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Shah Metacorp Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 44.12 to 31.18days.

Cons

  • Promoter holding is low: 32.51%.
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