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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Steel (79%), Agriculture (21%). Asset-heavy iron and steel products with a smaller agriculture segment
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 20 | 40 | 97 | 176 | 208 |
| EBITDA (ex other income) | 2 | (4) | 4 | 36 | 2 |
| margin % | 8.4 | (10.1) | 3.7 | 20.4 | 0.8 |
| Owners' profit | (6) | 2 | 4 | 33 | 12 |
| EPS, as reported (₹) | (0.35) | 0.06 | 0.11 | 0.61 | 0.15 |
| ROE % · ROCE % | 17.9 · 2.0 | 9.4 · 0.0 | 7.4 · 4.7 | 19.7 · 19.3 | 3.9 · 3.2 |
| Debt / equity (x) | (2.51) | 3.83 | 0.64 | 0.11 | 0.78 |
| Cash from operations | (21) | (0) | (32) | (47) | (58) |
| Capex | (0) | (7) | 0 | (10) | (2) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 40 | 41 | 29 | 96 | 50 | 62 | 57 |
| Profit before tax | 2 | 3 | 2 | 3 | 4 | 1 | 10 | 5 |
| Net profit | 2 | 3 | 4 | 2 | 3 | 1 | 8 | 4 |
| EPS (₹) | 0.10 | 0.06 | 0.07 | 0.04 | 0.04 | 0.01 | 0.09 | 0.04 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Shah Metacorp allots 2.75 crore shares to promoter on warrant conversion | fund raising | high | — | — |
| 10 Sept 2026 · Shah Metacorp allots 2.75 cr shares to promoter on warrant conversion | fund raising | high | — | — |
| 10 Sept 2026 · Shah Metacorp allots 2.75 cr shares on warrant conversion to promoter | fund raising | high | — | — |
| 10 Sept 2026 · Shah Metacorp 27th AGM notice dispatched; e-voting cutoff Sep 23, 2026 | compliance | minimal | — | — |
| 10 Sept 2026 · Notice of 27th AGM, Book Closure and E-Voting Published in Newspapers | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of 27th AGM and Integrated Annual Report FY 2025-26 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 27th AGM on Sep 30, 2026 via video conferencing; e-voting cut-off Sep 23 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 27th AGM on Sep 30, 2026 via video conferencing; e-voting Sep 26 to 29 | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · Notice of 27th AGM on September 30, 2026 via video conferencing | compliance | minimal | — | — |
| 31 Aug 2026 · Board approves new auditors, fixes AGM record date as Sep 23 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| RATNAMANI MET & TUB LTD. |
| 19,815 |
| 45.8 |
| 4.71 |
| 23.1 |
| 12.7 |
| 15.6 |
| 14.4 |
| 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.5 | 16.2 | 70 of 118 | 41% |
| P/B | 1.1 | 1.7 | 28 of 99 | 71% |
| ROCE | 2.8 | 8.7 | 92 of 120 | 24% |
| ROE | 3.9 | 8.6 | 80 of 114 | 30% |
| Debt / Equity | 0.8 | 0.1 | 104 of 114 | 9% |
| EBITDA margin | 10.4 | 11.0 | 52 of 100 | 49% |
| Revenue growth | 97.9 | 13.7 | 10 of 97 | 91% |
| Profit growth | 41.2 | 29.3 | 45 of 105 | 58% |
| Market cap | 345 | 247 | 54 of 120 | 56% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
