Shah Metacorp Limited
NSE: SHAH · Iron & Steel Products · sector
₹2.68NSE close 2026-10-26
Key numbers
Market cap₹263 cr
Price₹2.68
52w high / low₹6 / ₹3
P/E14.9xSector median 15.5x
P/B0.9xSector median 1.7x
Book value₹3.1
Dividend yield–Sector median 0.60%
ROE7.2%Sector median 11.1%
ROCE4.2%Sector median 11.9%
OPM2.5%Sector median 6.7%
Debt / equity0.78xSector median 0.21x
EV/EBITDA77.1xSector median 11.8x
Interest cover8.3x
Current ratio20.58x
Sales growth 3y+73.4%Sector median +2.1%
Profit growth 3y+94.5%Sector median +13.0%
PEG0.42x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2 cr vs borrowings ₹239 cr (FY26): borrowings are higher by ₹237 cr.
- Operating profit covered interest 8.3x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 3.36 percentage points in a year, to 32.51% (2026-09-30).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 125% of net profit in the last 12 months.
- Debtor days went from 226 (FY24) to 208 (FY26).
- No dividend in the last 5 financial years.
- Price ₹2.68 on 2026-10-26: -54.4% from the 52-week high, +4.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹5.68 · low ₹2.68
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 40 | 41 | 29 | 96 | 50 | 62 | 57 |
| EBITDA | 3 | 2 | 3 | 3 | 5 | 1 | -4 | 5 |
| OPM % | 5.7% | 5.8% | 6.3% | 11.0% | 5.0% | 2.2% | -6.7% | 8.3% |
| Other income | 1 | 2 | 1 | 1 | 1 | 2 | 17 | 1 |
| Net profit | 2 | 3 | 4 | 2 | 5 | 1 | 8 | 3 |
| EPS (₹) | 0.10 | 0.06 | 0.07 | 0.04 | 0.04 | 0.01 | 0.09 | 0.04 |
| Revenue YoY | +97.1% | +25.5% | +50.2% | +97.9% | ||||
| Profit YoY | +84.6% | -77.0% | +117.6% | +39.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 20 | 40 | 97 | 176 | 208 | 265 |
| EBITDA | 2 | -4 | 4 | 36 | 2 | 6 |
| Net profit | -6 | 2 | 4 | 33 | 12 | 17 |
| EPS (₹) | -0.35 | 0.06 | 0.11 | 0.61 | 0.15 | 0.18 |
| Revenue growth | +99.0% | +142.7% | +82.0% | +18.1% | +67.0% | |
| Profit growth | – | +158.2% | +665.3% | -62.7% | +44.6% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +73.4% | +75.2% | +67.0% |
| Net profit | +94.5% | – | +44.6% |
| EPS | +35.7% | – | – |
| Share price | – | -25.1% (2y) | -35.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 18 | 57 | 165 | 305 |
| Borrowings | – | 67 | 37 | 18 | 239 |
| Cash & equivalents | – | 29 | 0 | 0 | 2 |
| Total assets | – | 120 | 138 | 198 | 566 |
| Fixed assets | – | 25 | 21 | 28 | 26 |
| Capital work in progress | – | – | – | 0 | – |
| Investments | – | 0 | 0 | 0 | 44 |
| Receivables | – | 25 | 60 | 131 | 118 |
| Inventory | – | 8 | 13 | 8 | 28 |
| Payables | – | 16 | 24 | 13 | 16 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -21 | -0 | -32 | -47 | -58 |
| Cash from investing | 0 | -7 | -0 | -10 | -220 |
| Cash from financing | 21 | 35 | 4 | 57 | 279 |
| Capex | 0 | 7 | 0 | 10 | 2 |
| Free cash flow | -21 | -7 | -32 | -57 | -60 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.4% | 7.4% | 19.7% | 4.0% |
| ROCE % | – | 0.0% | 4.7% | 19.3% | 3.2% |
| Debtor days | – | 232 | 226 | 272 | 208 |
| Inventory days | – | 74 | 54 | 19 | 59 |
| Payable days | – | 157 | 104 | 31 | 34 |
| Cash conversion cycle (days) | – | 149 | 176 | 260 | 233 |
| Working capital days | – | 284 | 180 | 278 | 618 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 32.51% |
| FIIs | 0.48% |
| DIIs | 0.00% |
| Public (non-institutions) | 67.01% |
| Quarter | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | Jul 2026 | Sep 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 29.15% | 29.15% | 29.49% | 29.49% | 30.20% | 32.08% | 32.51% | 32.51% |
| Promoter group | % |
|---|---|
| Mona Viral Shah | 17.76% |
| Sampati Securities Limited | 8.04% |
| Viral Mukundbhai Shah | 6.66% |
| Dipali Manish Shah | 0.03% |
| Viral M Shah Huf | 0.02% |
| General Capital Holding Company Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Shah Malavkumar Kalpesh | 13.72% |
| Raba Vismay Amarsinhbhai | 2.92% |
| Dhanjit Real Trade LLP | 2.62% |
1,11,082 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| SHAH | ₹263 cr | 14.9x | 0.9x | 7.2% | 4.2% | 2.5% | +73.4% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-05-27 | Rights | Rights 36:311 @ Premium Rs 3.86 |
| 2023-05-04 | Other | Extra Ordinary General Meeting |
| 2022-12-23 | Rights | Rights 110:100 @ Premium Rs 1.75/- |
| 2022-08-12 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-10-13 | Split | Face Value Split From Rs 10 To Re 1 |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting |
| 2014-09-19 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-20 | Other | Annual General Meeting |
| 2011-09-26 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | SHAH |
| BSE code | 533275 |
| ISIN | INE482J01021 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.