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.
| 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 | 456 |
| 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 | 0.2 |
| 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 | 37.3 |
| Adj Net Profit ⓘ | -107 | -49.3 | -14 | -56.8 | 3.4 | -8.2 | -68.3 | 99 | 6.6 | 6.8 | 0 |
| 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% | 48.7% | 25.8% | 23.3% | ||||
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 | 0.7 |
| Op. Profit Mgn % ⓘ | -15.1 | -6.9 | -0.2 | -0.2 | 0.2 | -11.4 | 3.2 | 13.3 | 0.7 | -3 | -1.2 |
| Net Profit Mgn % ⓘ | -40.9 | -18.9 | -4.5 | -11.8 | 0.6 | -1.7 | -13.6 | 11.3 | 1.1 | 1.2 | 0.1 |
| Debt to Equity ⓘ | -0.9 | -1.1 | -1.6 | -2.2 | -2.1 | -16.4 | -4.1 | 2 | 1.1 | 1.2 | 0 |
| 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 has declined versus last 3 years average to 0.70%
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 -25.64%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.2 | -17 |
| TTM Sales (₹ Cr.) | 456 | 456 |
| BVPS (₹.) ⓘ | 37.3 | -1 |
| Reserves (₹ Cr.) ⓘ | 54 | -22 |
| P/BV ⓘ | 1.75 | -67.92 |
| PE ⓘ | 269.62 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 50.99 / 112.80 |
| All Time Low / High (₹) | 3.00 / 252.00 |
| Market Cap (₹ Cr.) | 129 |
| Equity (₹ Cr.) | 19.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 99.53 | 99.53 | 99.53 | 99.53 | 99.53 | 24.42 | 24.42 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 261 | 261 | 311 | 480 | 570 | 489 | 502 | 880 | 626 | 592 |
| Operating Expenses ⓘ | 301 | 279 | 312 | 481 | 569 | 555 | 486 | 763 | 622 | 610 |
| Manufacturing Costs | 93 | 68 | 104 | 120 | 145 | 158 | 114 | 158 | 152 | 153 |
| Material Costs | 187 | 190 | 180 | 340 | 401 | 358 | 345 | 579 | 441 | 430 |
| Employee Cost | 15 | 12 | 12 | 18 | 20 | 21 | 20 | 21 | 24 | 22 |
| Other Costs ⓘ | 5 | 8 | 16 | 3 | 3 | 18 | 7 | 5 | 6 | 4 |
| Operating Profit ⓘ | -39 | -18 | -1 | -1 | 1 | -66 | 16 | 117 | 4 | -17 |
| 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 | 1 | 1 | 1 | 7 | 1 | 29 | 27 | 13 | 42 |
| Interest ⓘ | 70 | 23 | 14 | 0 | 0 | 0 | 2 | 2 | 3 | 4 |
| Depreciation ⓘ | 39 | 18 | 14 | 14 | 13 | 13 | 13 | 11 | 9 | 9 |
| Exceptional Items ⓘ | -40 | 247 | 81 | 141 | -7 | 92 | 16 | 0 | 0 | -10 |
| Profit Before Tax ⓘ | -184 | 189 | 53 | 127 | -12 | 14 | 47 | 130 | 5 | 2 |
| Tax ⓘ | -49 | 65 | 10 | 85 | -13 | 28 | 98 | 27 | -1 | 0 |
| Profit After Tax | -135 | 124 | 43 | 42 | 1 | -14 | -52 | 103 | 7 | 3 |
| 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 | -371 | -260 | -152 | -151 | -13 | -45 | 58 | 65 | 67 |
| Share Capital ⓘ | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves ⓘ | -729 | -391 | -280 | -171 | -171 | -33 | -65 | 38 | 45 | 47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 571 | 371 | 296 | 238 | 157 | 170 | 106 | 55 | 74 | 80 |
| Long Term Debt | 254 | 240 | 224 | 238 | 157 | 170 | 75 | 13 | 4 | 4 |
| Short Term Debt | 317 | 131 | 72 | 0 | 0 | 0 | 31 | 42 | 70 | 77 |
| Trade Payables | 60 | 73 | 80 | 50 | 116 | 145 | 130 | 116 | 124 | 113 |
| Others Liabilities ⓘ | 409 | 214 | 190 | 130 | 188 | -63 | 24 | 47 | 0 | -20 |
| Total Liabilities ⓘ | 331 | 287 | 306 | 267 | 310 | 240 | 216 | 275 | 263 | 240 |
Fixed Assets | ||||||||||
| Gross Block | 555 | 555 | 555 | 556 | 557 | 557 | 557 | 557 | 557 | 520 |
| Accumulated Depreciation | 380 | 399 | 412 | 425 | 438 | 451 | 464 | 475 | 484 | 453 |
| Net Fixed Assetsⓘ | 175 | 157 | 143 | 131 | 119 | 106 | 93 | 82 | 73 | 67 |
| CWIP ⓘ | 13 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Investmentsⓘ | 5 | 9 | 15 | 22 | 15 | 5 | 9 | 30 | 41 | 63 |
| Inventories | 82 | 82 | 117 | 84 | 125 | 85 | 71 | 118 | 109 | 82 |
| Trade Receivables | 15 | 10 | 7 | 4 | 29 | 24 | 14 | 14 | 15 | 7 |
| Cash Equivalents | 1 | 3 | 2 | 1 | 0 | 0 | 2 | 0 | 0 | 0 |
| Others Assetsⓘ | 40 | 17 | 12 | 17 | 13 | 10 | 18 | 22 | 16 | 12 |
| Total Assets ⓘ | 331 | 287 | 306 | 267 | 310 | 240 | 216 | 275 | 263 | 240 |
| 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 | 49 | 78 | 124 | 14 | 121 | 151 | 68 | 43 | -7 |
| PBT ⓘ | -184 | 189 | 53 | 127 | -12 | 14 | 47 | 130 | 6 | 2 |
| Adjustment ⓘ | 109 | -420 | -41 | -92 | 13 | -79 | -2 | 13 | 11 | 6 |
| Changes in Working Capital ⓘ | 38 | 33 | 4 | -10 | 5 | 87 | 92 | -58 | 37 | 8 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 74 | 6 | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 4 |
| Capex | 0 | 0 | 0 | -1 | -2 | 0 | 0 | 0 | 0 | 3 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 74 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | -76 | -53 | -80 | -124 | -13 | -121 | -150 | -70 | -44 | 3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -69 | -23 | -14 | 0 | 0 | 0 | -2 | -2 | -3 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -30 | -65 | -124 | -13 | -121 | -149 | -67 | -41 | 7 |
| Net Cash Flow ⓘ | 0 | 2 | -1 | -1 | -1 | 0 | 1 | -1 | 0 | 0 |
| 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 | 0.4 | 1.81 | 2.95 | 14 | N/A | N/A | 0.66 | 6.14 | -2.33 | 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.
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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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