About
Shah Metacorp Limited manufactures and sells stainless steel and mild steel long products in India. It operates in two segments, Stainless Steel Products and Agricultural Products. The company offers stainless steel products, including equal angle bars, bright bars, flat bars, flats, and ingots. It also provides mild steel products, such as mild steel angle bars. The company also exports its products. The company was formerly known as Gyscoal Alloys Limited and changed its name to Shah Metacorp Limited in June 2023. Shah Metacorp Limited was incorporated in 1999 and is headquartered in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap347 Cr
P/E26.40
Div Yield0.00 %
Book Value₹3.09
52w High₹5.85
52w Low₹2.56
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 54.13 | 53.62 | 45.81 | 39.81 | 28.90 | 41.46 | 35.89 | 48.54 | 44.88 | 41.39 | 12.91 | 21.33 | 16.24 |
| Expenses | 48.93 | 57.16 | 44.39 | 38.52 | 25.70 | 38.76 | 33.93 | 45.78 | 41.49 | 39.27 | 11.44 | 20.74 | 17.02 |
| Operating Profit | 5.20 | -3.54 | 1.42 | 1.29 | 3.20 | 2.70 | 1.96 | 2.76 | 3.39 | 2.12 | 1.47 | 0.59 | -0.78 |
| OPM % | 9.61 | -6.60 | 3.10 | 3.24 | 11.07 | 6.51 | 5.46 | 5.69 | 7.55 | 5.12 | 11.39 | 2.77 | -4.80 |
| Other Income | 0.46 | 14.04 | 0.40 | 0.19 | 0.71 | 0.69 | 1.71 | 0.65 | 24.85 | 0.17 | 0.21 | 1.09 | 3.00 |
| Depreciation | 0.97 | 1.01 | 1.03 | 1.05 | 1.07 | 1.02 | 0.87 | 0.90 | 0.83 | 0.79 | 0.88 | 0.92 | 0.93 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.69 | 9.49 | 0.79 | 0.43 | 2.84 | 2.37 | 2.78 | 2.51 | 27.40 | 1.50 | 0.80 | 0.76 | 1.29 |
| Tax % | 25.16 | 26.03 | 27.85 | 25.58 | 10.92 | -63.29 | 1.08 | 0.80 | 15.04 | 5.33 | 3.75 | 0.00 | 2.33 |
| Net Profit | 3.51 | 7.02 | 0.57 | 0.32 | 2.53 | 3.86 | 2.74 | 2.48 | 23.27 | 1.42 | 0.77 | 0.76 | 1.25 |
| EPS in Rs | 0.04 | 0.07 | 0.01 | 0.00 | 0.03 | 0.06 | 0.04 | 0.04 | 0.50 | 0.03 | 0.02 | 0.02 | 0.03 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 168.00 | 171.00 | 92.00 | 40.00 | 20.00 | 13.00 | 65.00 | 148.00 | 95.00 | 173.00 | 164.00 | 182.00 |
| Expenses | 166.00 | 160.00 | 88.00 | 44.00 | 30.00 | 94.00 | 78.00 | 157.00 | 98.00 | 161.00 | 162.00 | 166.00 |
| Operating Profit | 2.00 | 11.00 | 4.00 | -4.00 | -10.00 | -82.00 | -13.00 | -9.00 | -3.00 | 12.00 | 2.00 | 16.00 |
| OPM % | 1.40 | 6.00 | 3.80 | -10.00 | -48.00 | -651.00 | -20.00 | -6.00 | -2.80 | 7.00 | 1.50 | 9.00 |
| Other Income | 15.00 | 28.00 | 4.00 | 7.00 | 14.00 | 0.00 | 9.00 | 1.00 | 0.00 | 0.00 | 5.00 | 2.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 6.00 | 6.00 | 7.00 | 10.00 | 12.00 | 12.00 | 11.00 |
| Depreciation | 4.00 | 4.00 | 4.00 | 3.00 | 4.00 | 5.00 | 6.00 | 7.00 | 8.00 | 9.00 | 11.00 | 6.00 |
| Profit before tax | 14.00 | 35.00 | 4.00 | 0.00 | 0.00 | -92.00 | -16.00 | -22.00 | -21.00 | -9.00 | -15.00 | 1.00 |
| Tax % | 23.00 | 8.00 | 3.00 | -669.00 | 1,622.00 | -19.00 | -13.00 | -6.00 | -14.00 | -35.00 | -13.00 | 81.00 |
| Net Profit | 10.00 | 32.00 | 4.00 | 2.00 | -6.00 | -74.00 | -14.00 | -20.00 | -18.00 | -6.00 | -13.00 | 0.00 |
| EPS in Rs | 0.11 | 0.49 | 0.09 | 0.04 | -0.15 | -2.01 | -0.37 | -0.55 | -0.48 | -0.16 | -0.36 | 0.01 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 89.00 | 59.00 | 42.00 | 33.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Reserves | 213.00 | 106.00 | 15.00 | -16.00 | -47.00 | -66.00 | 8.00 | 22.00 | 42.00 | 60.00 | 64.00 | 77.00 |
| Borrowings | 15.00 | 17.00 | 37.00 | 67.00 | 79.00 | 93.00 | 76.00 | 74.00 | 77.00 | 97.00 | 91.00 | 81.00 |
| Other Liabilities | 14.00 | 11.00 | 39.00 | 35.00 | 39.00 | 72.00 | 85.00 | 86.00 | 89.00 | 75.00 | 64.00 | 66.00 |
| Total Liabilities | 331.00 | 193.00 | 133.00 | 120.00 | 87.00 | 115.00 | 184.00 | 198.00 | 223.00 | 247.00 | 235.00 | 240.00 |
| Fixed Assets | 26.00 | 28.00 | 21.00 | 25.00 | 21.00 | 24.00 | 29.00 | 34.00 | 40.00 | 46.00 | 53.00 | 57.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 90.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Other Assets | 215.00 | 165.00 | 112.00 | 96.00 | 66.00 | 90.00 | 155.00 | 164.00 | 178.00 | 196.00 | 177.00 | 177.00 |
| Total Assets | 331.00 | 193.00 | 133.00 | 120.00 | 87.00 | 115.00 | 184.00 | 198.00 | 223.00 | 247.00 | 235.00 | 240.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -31.00 | -46.00 | -32.00 | 0.00 | -21.00 | -11.00 | 4.00 | 4.00 | 20.00 | 4.00 | -3.00 | -7.00 |
| Cash from Investing Activity | -91.00 | -10.00 | 0.00 | -7.00 | 0.00 | 0.00 | 0.00 | 5.00 | -2.00 | -2.00 | 4.00 | 5.00 |
| Cash from Financing Activity | 124.00 | 56.00 | 4.00 | 35.00 | 21.00 | 11.00 | -4.00 | -9.00 | -19.00 | -1.00 | -1.00 | -3.00 |
| Net Cash Flow | 2.00 | 0.00 | -28.00 | 28.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | -1.00 | -6.00 |
| Free Cash Flow | -33.00 | -56.00 | -33.00 | -7.00 | -21.00 | -11.00 | 4.00 | 3.00 | 18.00 | 1.00 | -9.00 | -28.00 |
| CFO/OP % | -1,301.00 | -426.00 | -918.00 | 8.00 | 223.00 | 14.00 | -31.00 | -47.00 | -797.00 | 36.00 | -103.00 | -46.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 225.00 | 270.00 | 219.00 | 232.00 | 360.00 | 1,167.00 | 620.00 | 272.00 | 430.00 | 282.00 | 242.00 | 197.00 |
| Inventory Days | 73.00 | 20.00 | 57.00 | 74.00 | 295.00 | 187.00 | 155.00 | 90.00 | 204.00 | 114.00 | 122.00 | 116.00 |
| Days Payable | 34.00 | 22.00 | 88.00 | 157.00 | 404.00 | 391.00 | 271.00 | 141.00 | 188.00 | 154.00 | 101.00 | 105.00 |
| Cash Conversion Cycle | 264.00 | 268.00 | 188.00 | 149.00 | 251.00 | 963.00 | 504.00 | 221.00 | 446.00 | 242.00 | 263.00 | 209.00 |
| Working Capital Days | 345.00 | 284.00 | 188.00 | 22.00 | 10.00 | -2,096.00 | -53.00 | -2.00 | 48.00 | 74.00 | 76.00 | 56.00 |
| ROCE % | 5.00 | 7.00 | 5.00 | 0.00 | -23.00 | -121.00 | -9.00 | -8.00 | -7.00 | 2.00 | -2.00 | 7.00 |
Corporate Actions
18 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Rights | 27 May 2026 | 27 May 2026 | 36:311 | — | |
| Other | 27 May 2026 | 27 May 2026 | — | — | Right Issue of Equity Shares |
| Other | 04 May 2023 | 05 May 2023 | — | — | E.G.M. |
| Other | 04 May 2023 | 05 May 2023 | — | — | Extra Ordinary General Meeting |
| Rights | 23 Dec 2022 | 23 Dec 2022 | 110:100 | — | |
| Other | 23 Dec 2022 | 23 Dec 2022 | — | — | Right Issue of Equity Shares |
| Other | 12 Aug 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2017 | — | — | — | Annual General Meeting |
| Split | 13 Oct 2016 | 14 Oct 2016 | 10:1 | — | |
| Other | 21 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 26 Sep 2011 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update8 May from smera
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Rating update6 Sep 2022 from smera
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Rating update8 Jun 2021 from smera
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Rating update17 Mar 2020 from smera
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Rating update8 Jan 2019 from smera
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Rating update18 Oct 2017 from smera