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Shah Metacorp Ltd
(SHAH)
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Rating:46Neutral
Price Target:
₹2.50
▼(-47.59% Downside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by financial risk—negative operating/free cash flow and a sharp 2026 debt increase alongside uneven profitability. Technicals add additional downside pressure with a clear downtrend and negative momentum. Valuation is a partial offset with a mid-range P/E, but not enough to outweigh cash-flow and leverage concerns.
Positive Factors
Strong Revenue Expansion
Revenue scaling from approximately 200M to 2.08B demonstrates substantial expansion in the company’s business volume and customer activity. If this growth persists, it can strengthen operating scale, broaden market reach, and provide a larger base for improving future profitability.
Negative Factors
Sharp Debt Increase
The rapid increase in debt materially raises the company’s financial risk and could increase refinancing and interest-burden pressure. Higher leverage may constrain future investment and capital allocation, particularly because operating profit recently deteriorated and cash generation remains weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Revenue scaling from approximately 200M to 2.08B demonstrates substantial expansion in the company’s business volume and customer activity. If this growth persists, it can strengthen operating scale, broaden market reach, and provide a larger base for improving future profitability.
Read all positive factors
Shah Metacorp Ltd (SHAH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.53B
Dividend YieldN/A
Average Volume (3M)107.69K
Price to Earnings (P/E)16.5
Beta (1Y)0.18
Revenue Growth48.83%
EPS Growth-21.60%
CountryIN
Employees73
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.09
Shares Outstanding982,374,200
10 Day Avg. Volume98,010
30 Day Avg. Volume107,692
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.24
Price to Sales (P/S)1.82
P/FCF Ratio-6.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shah Metacorp Ltd Business Overview & Revenue Model
Company Description
Shah Metacorp Limited, established in Ahmedabad, India, in 1999, specializes in the production and distribution of various long products made from stainless and mild steel, primarily for the Indian market. The company's operations are segmented in...
Shah Metacorp Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
35
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08B | 2.08B | 1.76B | 967.49M | 398.69M | 200.03M |
| Gross Profit | 78.94M | 294.04M | 150.43M | 64.27M | -15.13M | -22.87M |
| EBITDA | 55.82M | 218.86M | 390.03M | 79.35M | 29.55M | 45.24M |
| Net Income | 58.80M | 121.67M | 326.00M | 42.63M | 16.54M | -56.32M |
Balance Sheet | ||||||
| Total Assets | 4.78B | 5.66B | 1.98B | 1.38B | 1.20B | 870.37M |
| Cash, Cash Equivalents and Short-Term Investments | 472.05M | 1.94B | 2.23M | 3.39M | 286.41M | 3.33M |
| Total Debt | 647.06M | 2.39B | 177.48M | 365.36M | 674.76M | 790.93M |
| Total Liabilities | 1.65B | 2.57B | 327.45M | 806.49M | 1.03B | 1.18B |
| Stockholders Equity | 3.10B | 3.05B | 1.65B | 574.22M | 176.70M | -314.57M |
Cash Flow | ||||||
| Free Cash Flow | -1.21B | -573.07M | -567.94M | -328.31M | -70.47M | -213.46M |
| Operating Cash Flow | -1.14B | -551.12M | -468.40M | -324.01M | -3.36M | -213.28M |
| Investing Cash Flow | -687.60M | -2.25B | -98.63M | -3.23M | -66.31M | 1.15M |
| Financing Cash Flow | 1.83B | 2.82B | 565.87M | 44.22M | 352.75M | 213.86M |
Shah Metacorp Ltd Technical Analysis
Negative
4.77
Price Trends
3.24
Negative
3.81
Negative
4.41
Negative
Market Momentum
-0.17
Positive
29.02
Positive
30.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHAH, the sentiment is Negative. The current price of 4.77 is above the 20-day moving average (MA) of 2.90, above the 50-day MA of 3.24, and above the 200-day MA of 4.41, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 29.02 is Positive, neither overbought nor oversold. The STOCH value of 30.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHAH.
Shah Metacorp Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹7.14B | 9.25 | ― | ― | 80.77% | 283.94% | |
62 Neutral | ₹4.00B | 11.15 | ― | ― | 29.01% | -0.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹3.67B | 44.10 | ― | 0.75% | -10.28% | 127.94% | |
51 Neutral | ₹3.48B | 20.44 | ― | ― | 51.93% | 45.78% | |
46 Neutral | ₹2.53B | 16.47 | ― | ― | 48.83% | -21.60% |
* General Sector Average
IN:SHAH
Shah Metacorp Ltd
2.58
-1.98
-43.40%
IN:BEDMUTHA
Bedmutha Industries Limited
108.00
-20.50
-15.95%
IN:MANAKSTEEL
Manaksia Steels Ltd
108.95
52.10
91.64%
IN:SHIVAUM
Shiv Aum Steels Ltd.
545.30
245.30
81.77%
IN:SURAJLTD
Suraj Limited
200.00
-77.79
-28.00%
IN:VRAJ
Vraj Iron & Steel Ltd.
121.30
-24.95
-17.06%
Shah Metacorp Ltd Corporate Events
Shah Metacorp Gets NSE Waiver on Shareholding Pattern Filing Fine
Oct 19, 2026
Shah Metacorp Ltd has announced that the National Stock Exchange of India has fully waived a fine that was earlier imposed for an alleged one-day delay in filing its quarterly shareholding pattern for the period ended June 30, 2026. The waiver clo...
Shah Metacorp files SEBI-compliant demat confirmation for September quarter
Oct 7, 2026
Shah Metacorp Limited has submitted a quarterly confirmation certificate to the Bombay Stock Exchange and National Stock Exchange under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 3...
Shah Metacorp boosts equity base with major promoter share allotment
Sep 10, 2026
Shah Metacorp Ltd has approved the allotment of 275,000,000 fully paid-up equity shares of face value Re. 1 at an issue price of Rs. 4.71 per share to promoter and director Ms. Mona Viral Shah, following the exercise of rights attached to previous...
Shah Metacorp Boosts Promoter Stake With Rs 9.71 Crore Preferential Share Allotment
Sep 10, 2026
Shah Metacorp Ltd has approved the allotment of 275,000,000 fully paid equity shares at an issue price of Rs 4.71 per share to promoter-director Mona Viral Shah following the exercise of convertible warrants issued on a preferential basis. The con...
Shah Metacorp Sets September 30 Date for Virtual AGM and Opens Remote E-Voting Window
Sep 8, 2026
Shah Metacorp Ltd has scheduled its 27th Annual General Meeting for September 30, 2026, at 11:00 a.m. IST, to be conducted via video conferencing and other audio-visual means in line with regulatory guidelines. The AGM notice and the integrated an...
Shah Metacorp Sets Virtual Date for 27th AGM, Highlights Regulatory Compliance
Sep 8, 2026
Shah Metacorp Ltd, listed on both the Bombay Stock Exchange and National Stock Exchange under the symbol SHAH, operates in the metals sector and is part of India’s broader industrial and manufacturing landscape. The company caters to domesti...
Shah Metacorp Publishes Postal Ballot, E-Voting Notice in Line with SEBI Norms
Aug 29, 2026
Shah Metacorp Ltd operates in the Indian metals and materials sector, and its equity shares are listed on both the Bombay Stock Exchange and the National Stock Exchange under the symbol SHAH. As a publicly traded company, it is subject to the disc...
Shah Metacorp Publishes Q1 FY27 Results in Newspapers, Files Notice with Exchanges
Aug 15, 2026
Shah Metacorp Ltd has submitted to the Bombay Stock Exchange and National Stock Exchange copies of newspaper advertisements detailing its financial results for the quarter ended June 30, 2026. The results were published in Business Standard in Eng...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.