SHARVAYA METALS LIMITED

Trades and processes aluminium, copper and zinc products, with materials accounting for 93.9% of FY26 revenue, indicating a metal-buying and resale or conversion business. The company is expanding into aluminium extrusion with a planned 8,000 MTPA capacity, financed largely through its September 2025 IPO of Rs 58.80 crore on the BSE SME platform. Revenue more than doubled year-on-year, from Rs 11,252 lakh in FY25 to Rs 22,983 lakh in FY26, while profit after tax declined slightly to Rs 1,167 lakh from Rs 1,251 lakh. Employee costs are unusually low at 0.4% of revenue, consistent with a trading-heavy model rather than a labour-intensive manufacturing one. The company is based in Ahilyanagar, Maharashtra, and is led by Managing Director Shreyans Katari. Operating cash flow turned negative in FY26, driven by build-ups in inventory and trade receivables tied to the revenue surge.