BSE: 513436 | NSE: SHAHALLOYS | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shah Alloys Ltd is a average quality company.
The key valuation ratios of Shah Alloys Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shah Alloys Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -211.6% | 0% | 68.3% | 76.4% | -7.2% | 8.1% | 28.8% | 84.4% | 5.1% | 4.5% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | -1.5 | NA | NA | 5.0 | -0.6 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 261 | 261 | 311 | 480 | 570 | 489 | 502 | 880 | 626 | 592 | 365 |
| Sales YoY Gr. | - | -0.1% | 19.3% | 54.1% | 18.8% | -14.2% | 2.6% | 75.3% | -28.8% | -5.4% | - |
| Adj EPS ⓘ | -54 | -24.9 | -7.1 | -28.7 | 1.7 | -4.1 | -34.5 | 50 | 3.3 | 3.4 | -7.9 |
| YoY Gr. | - | NA | NA | NA | NA | -338.2% | NA | NA | -93.3% | 3% | - |
| BVPS (₹) ⓘ | -358.4 | -187.5 | -131.3 | -76.6 | -76.2 | -6.4 | -22.9 | 29.1 | 32.8 | 33.7 | 29.6 |
| Adj Net Profit ⓘ | -107 | -49.3 | -14 | -56.8 | 3.4 | -8.2 | -68.3 | 99 | 6.6 | 6.8 | -16 |
| Cash Flow from Ops. ⓘ | 2.4 | 49 | 78 | 124 | 14.3 | 121 | 151 | 67.9 | 43.2 | -6.5 | - |
| Debt/CF from Ops. ⓘ | 275.9 | 8.6 | 5.3 | 2.7 | 21.8 | 1.7 | 1.2 | 1.7 | 1.7 | -12.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.5% | 0.8% | 5.7% | -5.4% | ||||
| Adj EPS ⓘ | NA | 14.7% | NA | 3% | ||||
| BVPSⓘ | NA | NA | NA | 3% | ||||
| Share Price | 25.4% | 42.2% | -9.9% | -26.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.7 | 9.1 | 4.4 | 27.6 | -2.3 | 10 | 235.3 | 1626.3 | 10.8 | 10.3 | -24.9 |
| Op. Profit Mgn % ⓘ | -15.1 | -6.9 | -0.2 | -0.2 | 0.2 | -11.4 | 3.2 | 13.3 | 0.7 | -3 | -3.1 |
| Net Profit Mgn % ⓘ | -40.9 | -18.9 | -4.5 | -11.8 | 0.6 | -1.7 | -13.6 | 11.3 | 1.1 | 1.2 | -4.3 |
| Debt to Equity ⓘ | -0.9 | -1.1 | -1.6 | -2.2 | -2.1 | -16.4 | -4.1 | 2 | 1.1 | 1.2 | - |
| Working Cap Days ⓘ | 237 | 154 | 128 | 92 | 87 | 107 | 81 | 53 | 85 | 74 | 40 |
| Cash Conv. Cycle ⓘ | 50 | 35 | 32 | 30 | 27 | 13 | -36 | -13 | 2 | -6 | -81 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 5.68%
Debt to equity has increased versus last 3 years average to 1.20
Sales growth is not so good in last 4 quarters at -39.79%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -7.9 | -5.5 |
| TTM Sales (₹ Cr.) | 365 | 365 |
| BVPS (₹.) ⓘ | 29.6 | -1.9 |
| Reserves (₹ Cr.) ⓘ | 39 | -24 |
| P/BV ⓘ | 1.62 | -24.83 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 44.25 / 112.80 |
| All Time Low / High (₹) | 3.00 / 252.00 |
| Market Cap (₹ Cr.) | 95 |
| Equity (₹ Cr.) | 19.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.6 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 128 | -15.9 | 119 | -16.5 | 66.3 | -63.1 | 51.9 | -63.7 |
| Adj EPS (₹) ⓘ | -6 | N/A | -4.1 | -207.1 | 7.8 | 690.8 | -7.7 | -230 |
| Op. Profit Mgn % ⓘ | -6.62 | -21 bps | -5.74 | -103 bps | 25.20 | 2226 bps | -24.18 | -1799 bps |
| Net Profit Mgn % ⓘ | -9.29 | -220 bps | -6.76 | -1179 bps | 17.41 | 1635 bps | -29.40 | -3762 bps |
| Pledged * | 99.53 | 99.53 | 99.53 | 99.53 | 24.42 | 24.42 | 0.00 | 0.00 | 0.00 | 0.00 |
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| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 261.37 | 261 | 311.38 | 479.79 | 570.02 | 489.34 | 501.92 | 880.08 | 626.26 | 592.38 |
| Operating Expenses ⓘ | 300.70 | 278.89 | 311.89 | 480.53 | 569.14 | 554.85 | 485.71 | 763.28 | 622.20 | 609.84 |
| Manufacturing Costs | 93.31 | 68.42 | 103.83 | 119.65 | 144.70 | 157.92 | 113.50 | 158.05 | 151.86 | 153.22 |
| Material Costs | 186.70 | 190.24 | 179.55 | 339.63 | 401.01 | 358.21 | 345.36 | 579.01 | 440.52 | 430.44 |
| Employee Cost | 15.39 | 12.10 | 12.18 | 18.04 | 20.08 | 21.12 | 20.19 | 21.28 | 24.20 | 21.95 |
| Other Costs ⓘ | 5.30 | 8.13 | 16.33 | 3.22 | 3.35 | 17.60 | 6.65 | 4.94 | 5.62 | 4.23 |
| Operating Profit ⓘ | -39.33 | -17.89 | -0.51 | -0.74 | 0.88 | -65.51 | 16.21 | 116.79 | 4.06 | -17.47 |
| Operating Profit Margin (%) | -15.0% | -6.9% | -0.2% | -0.2% | 0.2% | -13.4% | 3.2% | 13.3% | 0.6% | -2.9% |
| Other Income ⓘ | 4.45 | 1.36 | 0.90 | 0.90 | 6.64 | 0.97 | 28.85 | 26.83 | 12.85 | 42.25 |
| Interest ⓘ | 69.71 | 23.29 | 14.42 | 0.26 | 0.22 | 0.49 | 1.66 | 2.21 | 2.61 | 4.03 |
| Depreciation ⓘ | 39.39 | 18.16 | 13.74 | 13.64 | 13.01 | 12.98 | 12.97 | 11.29 | 8.95 | 8.90 |
| Exceptional Items ⓘ | -40.38 | 247.12 | 80.98 | 140.88 | -6.78 | 91.98 | 16.19 | 0 | 0 | -9.51 |
| Profit Before Tax ⓘ | -184.36 | 189.14 | 53.21 | 127.14 | -12.49 | 13.98 | 46.62 | 130.12 | 5.35 | 2.34 |
| Tax ⓘ | -49.18 | 64.76 | 10.14 | 85.04 | -13.24 | 28.47 | 98.28 | 27.25 | -1.34 | -0.23 |
| Profit After Tax | -135.18 | 124.39 | 43.07 | 42.09 | 0.75 | -14.49 | -51.65 | 102.86 | 6.69 | 2.58 |
| PAT Margin (%) | -51.7% | 47.7% | 13.8% | 8.8% | 0.1% | -3.0% | -10.3% | 11.7% | 1.1% | 0.4% |
| Adjusted EPS (₹) | -68.3 | 62.8 | 21.8 | 21.3 | 0.4 | -7.3 | -26.1 | 52.0 | 3.4 | 1.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -709.46 | -371.13 | -259.89 | -151.55 | -150.76 | -12.73 | -45.33 | 57.50 | 64.83 | 66.81 |
| Share Capital ⓘ | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 |
| Reserves ⓘ | -729.26 | -390.93 | -279.69 | -171.35 | -170.56 | -32.53 | -65.13 | 37.71 | 45.03 | 47.01 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 571.35 | 370.68 | 295.75 | 238.21 | 156.92 | 170.23 | 106.35 | 54.95 | 73.69 | 80.19 |
| Long Term Debt | 254.37 | 239.80 | 223.97 | 238.21 | 156.92 | 170.23 | 74.89 | 12.94 | 3.68 | 3.68 |
| Short Term Debt | 316.98 | 130.87 | 71.78 | 0 | 0 | 0 | 31.46 | 42.01 | 70.02 | 76.52 |
| Trade Payables | 59.98 | 73.16 | 79.54 | 50.27 | 115.89 | 145.41 | 130.39 | 115.93 | 124.16 | 113.36 |
| Others Liabilities ⓘ | 408.97 | 214.29 | 190.14 | 130.14 | 188.26 | -62.89 | 24.42 | 46.74 | 0.45 | -20.08 |
| Total Liabilities ⓘ | 330.83 | 286.99 | 305.54 | 267.07 | 310.31 | 240.02 | 215.83 | 275.13 | 263.13 | 240.28 |
Fixed Assets | ||||||||||
| Gross Block | 555.47 | 555.47 | 554.76 | 555.81 | 557.29 | 557.29 | 557.20 | 557.20 | 557.16 | 520.44 |
| Accumulated Depreciation | 380.36 | 398.52 | 411.60 | 425.24 | 438.11 | 451.09 | 463.97 | 475.26 | 484.18 | 453.40 |
| Net Fixed Assetsⓘ | 175.11 | 156.94 | 143.17 | 130.57 | 119.18 | 106.20 | 93.23 | 81.94 | 72.99 | 67.04 |
| CWIP ⓘ | 12.59 | 9.01 | 9.01 | 9.01 | 9.01 | 9.01 | 9.01 | 9.01 | 9.01 | 9.01 |
| Investmentsⓘ | 5.29 | 8.74 | 15.34 | 21.82 | 15.04 | 5.20 | 9.35 | 30.11 | 41.27 | 62.66 |
| Inventories | 81.77 | 82.43 | 116.75 | 84.43 | 125.11 | 85.29 | 70.68 | 118.10 | 108.79 | 82.04 |
| Trade Receivables | 15.18 | 9.94 | 6.99 | 3.65 | 28.56 | 24.14 | 13.58 | 13.74 | 15.04 | 7.10 |
| Cash Equivalents | 1 | 3.05 | 1.93 | 1.02 | 0.35 | 0.24 | 1.60 | 0.24 | 0.23 | 0.22 |
| Others Assetsⓘ | 39.88 | 16.88 | 12.36 | 16.59 | 13.07 | 9.94 | 18.38 | 22 | 15.81 | 12.22 |
| Total Assets ⓘ | 330.83 | 286.99 | 305.54 | 267.07 | 310.31 | 240.02 | 215.83 | 275.13 | 263.13 | 240.28 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.36 | 48.96 | 78.01 | 124.09 | 14.25 | 120.94 | 151.37 | 67.93 | 43.23 | -6.52 |
| PBT ⓘ | -184.36 | 189.14 | 53.28 | 127.14 | -12.40 | 14.19 | 46.79 | 130.08 | 6.20 | 1.54 |
| Adjustment ⓘ | 108.68 | -420.20 | -41.21 | -91.84 | 12.91 | -78.73 | -2.05 | 13.14 | 11.24 | 6.20 |
| Changes in Working Capital ⓘ | 37.66 | 32.62 | 4.33 | -9.93 | 5.06 | 86.83 | 91.57 | -57.84 | 37.31 | 7.99 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.08 |
| Cash Flow From Investing Activity ⓘ | 74.09 | 6.25 | 0.44 | -0.89 | -1.45 | 0.19 | 0.46 | 0.34 | 0.30 | 3.77 |
| Capex | 0.02 | 0 | 0.05 | -1.04 | -1.62 | 0 | 0 | 0 | 0 | 3.14 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 74.07 | 6.25 | 0.40 | 0.15 | 0.17 | 0.19 | 0.46 | 0.34 | 0.29 | 0.63 |
| Cash Flow From Financing Activityⓘ | -76.09 | -53.15 | -79.59 | -124.11 | -13.47 | -121.24 | -150.47 | -69.63 | -43.54 | 2.74 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -6.37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -69.47 | -23.14 | -14.33 | -0.13 | -0.10 | -0.45 | -1.63 | -2.19 | -2.59 | -4.02 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.26 | -30.02 | -65.25 | -123.98 | -13.37 | -120.79 | -148.84 | -67.44 | -40.95 | 6.77 |
| Net Cash Flow ⓘ | 0.36 | 2.05 | -1.13 | -0.91 | -0.67 | -0.11 | 1.36 | -1.36 | -0.02 | -0.01 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1690.14 | 10.94 | 3.91 |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 84.44 | 5.08 | 4.46 |
| Asset Turnover Ratio | 0.69 | 0.95 | 1.18 | 1.68 | 1.97 | 1.78 | 2.2 | 3.59 | 2.35 | 2.37 |
| PAT to CFO Conversion(x) | N/A | 0.39 | 1.81 | 2.95 | 19 | N/A | N/A | 0.66 | 6.46 | -2.53 |
| Working Capital Days | ||||||||||
| Receivable Days | 29 | 16 | 9 | 4 | 10 | 20 | 14 | 6 | 8 | 7 |
| Inventory Days | 117 | 103 | 104 | 77 | 67 | 78 | 57 | 39 | 65 | 58 |
| Payable Days | 174 | 128 | 155 | 70 | 76 | 133 | 146 | 78 | 99 | 101 |
Shah Alloys was incorporated as a private limited company on November 23, 1990 and got converted into a public limited company on April 23, 1992. The registered office of the company is located at Ahmedabad, Gujarat.
The company’s manufacturing facilities are located in the Gandhinagar district of Gujarat with a capacity of 260,000 MTPA steel products. The backward integration measures conducted by the company has ensured the low cost supply of sponge iron and ferro alloys required for stainless steel manufacture and forward integration has added value with SS CR sheet production.
Products of the company includes:-
The main area of the business:- Shah Alloys is engaged in the manufacturing of stainless steel. The Company also has a minor operation in the form of a medical store.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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