SHAHALLOYS · Shah Alloys Ltd · Iron & Steel
SHAHALLOYS · Shah Alloys Ltd · Iron & Steel
As of 06 Nov close
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹0 Cr
Revenue YoY
PAT YoY
+64.1%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.3
P/S (TTM)
13.5
Sector P/E
17.3
Dividend yield
0.0%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| SHAHALLOYS (this stock) | 1.2 | 1.3 | +817.5% | -1086.0% | -7.74 | 0.0% |
| JSW Steel | 12.1 | 3.1 | +13.1% | +24.8% | 1.19 | +0.6% |
| Tata Steel | 21.2 | 2.8 | +4.6% | +10.8% | 0.9 | +2.2% |
| Lloyds Metals And Energy | 28.4 | 7.7 | +22.4% | +36.2% | 101.71 | +0.1% |
Promoter
stable
FII
rising 1q
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-10-26 | SHAHALLOYS | 5000 | 1 | STRONG | BULK |
| 2026-09-09 | SHAHALLOYS | 0 | 0 | MEDIUM | BULK |
| 2026-08-31 | SHAHALLOYS | 100000 | 1 | STRONG | BULK |
| 2026-08-28 | SHAHALLOYS | 400000 | 2 | STRONG | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedThe annual report of Shah Alloys Limited for FY2025-26 outlines the company's strategic shift away from its traditional manufacturing operations, following the closure of its Santej plant due to technological obsolescence and financial losses. The report highlights efforts to monetize assets, settle liabilities, and explore new business opportunities. It emphasizes a focus on corporate governance, risk management, and stakeholder relations, with a cautious outlook on future performance due to uncertainties in the global and domestic markets. The company has also undergone changes in its board composition, including the resignation of an independent director and the appointment of new directors.
- Closure of the Santej plant and transition to asset monetization and strategic alternatives.
- Focus on corporate governance, risk management, and stakeholder relations.
- Evaluation of new business opportunities and strategic alternatives post-plant closure.
- Changes in board composition, including the resignation of an independent director and new appointments.
- Emphasis on liquidity preservation and efficient capital allocation.
Key takeaway: Shah Alloys Limited is transitioning from its traditional manufacturing model to a strategy focused on asset monetization, strategic alternatives, and corporate governance, amid uncertainties in the economic and market environment.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (3 items); Regulatory Action (1 item); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
3 occurrencesRecent (last 12 months)
The auditor is unable to provide an opinion on the company's going concern status due to the closure of its Iron and Steel plant and persistent losses, as noted in the audit report.
Earlier (1-3 years ago)
The auditor of Shah Alloys Limited issued a qualified opinion on the standalone financial statements for the year ended March 31, 2025.
The auditor issued a qualified opinion on the standalone financial statements of Shah Alloys Limited for the year ended March 31, 2024, indicating that the financial statements do not give a true and fair view due to the effects of a matter described in the Basis for Qualified Opinion section of the report.
Regulatory Action
1 occurrenceEarlier (1-3 years ago)
The company submitted related party transaction details one day late due to a technical system failure, resulting in a penalty of Rs. 5900 (Rs. 5000 + Rs. 900 GST) paid to BSE and NSE.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company settled a debt of ₹18.00 crore with HDFC Bank, waiving ₹7.24 crore in principal and interest, as part of resolving legacy financial obligations.
Earlier (1-3 years ago)
The company has defaulted in repayment of term loans and in the payment of interest to Bank during the year.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has pending litigations and claims with multiple tax authorities (Service tax, Income Tax, Goods & Service tax, Excise) and customer claims not acknowledged as debt. These are considered contingent liabilities with potentially significant amounts, requiring significant management judgment for recognition or disclosure.
Earlier (1-3 years ago)
The company has pending litigations and claims with multiple tax authorities (Service tax, Income Tax, Goods & Service tax, Excise) and customer claims not acknowledged as debt. These are considered contingent liabilities with potentially significant amounts, requiring significant management judgment for recognition or disclosure.
Shah Alloys Limited entered into a Settlement Agreement with Giant Stride Capital MU Limited on 13.12.2023, agreeing to pay ₹1560 lakhs as a settlement amount for a dispute over Foreign Currency Convertible Bonds, which is shown as an 'Exceptional Item' in the profit and loss account.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has related party transactions with entities such as SAL Steel Limited, SAL Corporation Pvt. Ltd., SAL Care Pvt Ltd, and others, where Key Managerial Personnel have significant influence.
Earlier (1-3 years ago)
The company has disclosed related party transactions with entities like SAL Steel Ltd, SAL Hospital & Medical Institute, SAL Corporation Pvt. Ltd., and individuals such as Mr. Ashok Sharma, Mr. Mrinal Sinha, and others, involving purchases, sales, and loans during the fiscal years 2024-25 and 2023-24.
The company sought shareholder approval for material related party transactions with SAL Steel Limited for three financial years from FY 2024-25 to FY 2026-27.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has not deposited certain Goods & Service Tax, Duty of Excise, and Service Tax dues due to disputes, with amounts under dispute listed in lakhs.
Management & Board Governance
2 occurrencesRecent (last 12 months)
Shri Ambalal C. Patel, an Independent Director of Shah Alloys Limited, resigned from the Board with effect from [date not specified] subsequent to the close of the financial year ended 31 March 2026.
Earlier (1-3 years ago)
Shri G. M. Shaikh resigned as an Independent Non-Executive Director on 25 August 2023, leading to the re-constitution of the Stakeholders Relationship Committee and the appointment of Shri Ambalal C. Patel as an additional Director, who became the new Chairman of the Committee effective the same date.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
2.73% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).