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NSE:SHAH

SHAH METACORP LIMITED

Capital Goods › Industrial Products
₹2.81
at close · 27 Oct 2026
▲ 0.18 (+6.84%)

Latest filings

  1. NSE waives fine on Shah Metacorp over shareholding pattern filing delay · Regulatory & Legal
  2. SDD compliance certificate filed for quarter ended September 30, 2026 · Compliance
  3. Routine RTA compliance filing on share dematerialisation for Q2 FY26 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in the iron and steel products industry with two reported business segments. Steel accounted for 78.6% of segment revenue and Agriculture 21.4% in the most recent segment disclosure for the year ended March 2024. FY26 revenue was 207.99 crore with an EBITDA margin of 10.47% and net profit of 12.14 crore. The business is asset-heavy with total assets of 565.66 crore at FY26. Raw materials are the largest cost driver at 70.2% of revenue, followed by other operating expenses at 15.3% and depreciation at 2.0%. The company was formerly known as Gyscoal Alloys Limited, and three prior insolvency petitions filed against it were resolved in its favour.

Revenue mix · reported segments
Steel78.6%
Agriculture21.4%
Operating scale
FY26 revenue
207.99 croreFY26
Total assets
565.66 croreFY26
Steel segment revenue
75.60 croreFY24 (year ended March 2024)
Agriculture segment revenue
20.63 croreFY24 (year ended March 2024)
FY26 net profit
12.14 croreFY26
FY26 EBITDA margin
10.47%FY26
Biggest cost
Raw materials at 70.2% of revenue
Kind of business
Asset-heavy iron and steel products with a smaller agriculture segment
Where it sits
Listed on NSE and BSE; formerly known as Gyscoal Alloys Limited
Market Cap
₹276 Cr
P / E (TTM)
15.6×
EV / EBITDA
18.5×
Div Yield
—
Growth
75.2%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
3.2%·
ROCE (5y median)
ROE n/m · margin 10.5%
Leverage
0.78·
Debt / Equity · moderate
Net debt ₹237 Cr
Revenue FY21→FY26
16.5×▲
Margin +597.8 pts
₹13 Cr → ₹208 Cr
Cash conversion
-3.52×▼
Operating cash ÷ profit · 5 yrs
₹-159 Cr on ₹45 Cr
Moves on a normal day
1.43%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#52/105
P/B#27/101
ROCE#90/115
ROE#73/103
Debt / Equity#91/101
EBITDA margin#52/100
Revenue growth#10/97
Profit growth#45/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 75% a year over 5 years
Concerns
Returns on capital 3.2% (5-year median)
#90 of 115 in Iron & Steel Products on the latest reported figures · down from 473.0% in FY21
Carries more debt than its peers — 0.78× equity
higher than 90% of its 101 Iron & Steel Products peers
Over 5 years it reported ₹45 Cr of profit and an operating cash outflow of ₹159 Cr — -3.52×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 228 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

SHAH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SHAH METACORP LIMITED's filed financials and exchange disclosures

What does SHAH METACORP LIMITED do?

SHAH METACORP LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol SHAH.

Is SHAH METACORP LIMITED profitable?

Yes. Over the trailing twelve months SHAH METACORP LIMITED reported a net profit of ₹16 Cr on revenue of ₹265 Cr.

Does SHAH METACORP LIMITED pay a dividend?

Not in the latest reported year — SHAH METACORP LIMITED's dividend payout for FY26 was nil.

Is SHAH METACORP LIMITED debt-free?

No. It reported borrowings of ₹239 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹237 Cr after cash. Debt stands at 0.78× equity. That is higher than 90% of its 101 Iron & Steel Products peers.

Is SHAH METACORP LIMITED expensive compared with its peers?

On trailing P/E, SHAH METACORP LIMITED ranks 52 of 105 in Iron & Steel Products — cheaper than 51% of them, against an industry median of 15.6×. This is a position, not a valuation judgement.

How much does the SHAH METACORP LIMITED share price move in a day?

On a typical session SHAH METACORP LIMITED moves 1.43% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SHAH METACORP LIMITED's announcements?

Every NSE and BSE filing by SHAH METACORP LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.