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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Aluminium, copper and zinc products. Cyclical, raw-material-heavy metals trading and processing business with a new extrusion build-out.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 230 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 13.11 |
| ROE % · ROCE % | — · 22.4 |
| Debt / equity (x) | — |
| Cash from operations | (34) |
| Capex | (3) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 90 | 140 |
| Profit before tax | 13 | 3 |
| Net profit | — | — |
| EPS (₹) | 9.36 | 2.57 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BELDING INDIA LIMITED | 1,419 | 242.0 | 1.35 | 286.1 | (0.3) | 0.1 | — | 19761.8 |
| PARMESHWAR METAL LIMITED | 505 | 12.5 | — | — | — | 42.2 | — | — |
| BARODA EXTRUSION LTD. | 193 | 19.1 | 7.76 | — | 29.4 | 36.5 | — | 7.7 |
| SHARVAYA METALS LIMITED ◆ | 149 | 12.4 | — | — | — | 20.2 | — | — |
| SHILP GRAVURES LTD. | 100 | 14.4 | 0.94 | 6.8 | 6.5 | 7.6 | 7.0 | 7.1 |
| SAMPAT ALUMINIUM LIMITED | 32 | 5.2 | — | — | — | 11.4 | — | — |
| AMCO INDIA LTD. | 26 | 18.6 | 0.69 | — | 0.9 | 1.3 | — | 5.4 |
| OM METALLOGIC LIMITED | 23 | 4.3 | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Newspaper publication of 12th AGM notice | compliance | minimal | — | — |
| 2 Sept 2026 · AGM Notice and Annual Report FY 2025-26 sent to shareholders | compliance | minimal | — | — |
| 2 Sept 2026 · FY26 Annual Report and 12th AGM Notice filed; revenue doubled, margins compressed | results | high | — | — |
| 2 Sept 2026 · Sharvaya Metals 12th AGM on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 21 Aug 2026 · IPO proceeds monitoring report Q1 FY27: No deviation, Rs 40 cr utilized | compliance | low | — | — |
| 15 Jul 2026 · RTA compliance certificate for Q1 FY27 filed with BSE | compliance | minimal | — | — |
| 24 Jun 2026 · Clarification on recent share price movement | compliance | minimal | — | — |
| 22 Jun 2026 · BSE seeks clarification on sharp price movement | regulatory legal | high | — | — |
| 30 May 2026 · Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we hereby confirm that during half year ended on March 31, 2026, there .... | compliance | minimal | — | — |
| 30 May 2026 · Audited Financial Results of the Company for the half year and year ended March 31, 2026 | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 16.4 |
| — |
| — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.4 | 12.5 | 4 of 9 | 63% |
| ROCE | 20.2 | 16.4 | 3 of 9 | 75% |
| Market cap | 149 | 100 | 4 of 9 | 63% |
| 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.
