Shah Alloys Limited (SHAHALLOYS) AI Stock Analysis

• Market Cap: ₹1.32B
• Dividend Yield: N/A
• Average Volume (3M): 25.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.87
• Revenue Growth: -69.90%
• EPS Growth: 27.84%
• Country: IN
• Employees: 539
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -2.91
• Shares Outstanding: 19,797,540
• 10 Day Avg. Volume: 7,668
• 30 Day Avg. Volume: 25,778
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹74.00
• Price Target Upside: 11.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: ₹74.00 ▲(11.29% Upside)

Shah Alloys Limited's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability. Despite strong technical indicators suggesting bullish momentum, the negative valuation metrics and lack of earnings call data or corporate events further weigh down the score.

Shah Alloys Limited Business Overview & Revenue Model

Company Description

Shah Alloys Limited manufactures and sells flat and long stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India. It offers hot rolled coils, hot rolled sheets/plates, cold rolled coils and sheets, hot rolled round bars, bright round bars, peeled bars, and hot rolled flat bars, as well as angles, beams, flats, slabs, billets, etc. The company also exports its products to approximately 50 countries. Shah Alloys Limited was incorporated in 1990 and is based in Gandhinagar, India.

How the Company Makes Money

Shah Alloys Limited generates revenue primarily through the sale of its steel products. The company's key revenue streams include the production and distribution of stainless steel, carbon steel, and alloy steel products to domestic and international markets. Shah Alloys benefits from its integrated manufacturing facilities that allow efficient production processes. Additionally, the company may engage in strategic partnerships and collaborations with industry players to expand its market reach and improve its financial performance. Significant factors contributing to its earnings include demand from infrastructure projects, industrial manufacturing needs, and the automotive industry's growth, which drives the consumption of steel products.

Shah Alloys Limited Financial Statement Overview

Summary

Shah Alloys Limited is facing significant financial challenges, including declining revenues, negative profitability, high leverage, and negative cash flow generation. These factors indicate a need for strategic restructuring to improve financial health.

Income Statement

Shah Alloys Limited has experienced significant revenue decline, with a noticeable drop from 2024 to 2025. The company reported negative EBIT and EBITDA margins, indicating operational challenges. Gross profit margin also decreased significantly, highlighting cost management issues. Overall, the company struggles with profitability and revenue growth.

Balance Sheet

The company has a negative stockholders' equity, indicating it is highly leveraged and potentially at financial risk. The debt-to-equity ratio is not meaningful due to negative equity, and the company's liabilities exceed its assets. These factors suggest a precarious financial position.

Cash Flow

Shah Alloys Limited has been generating negative free cash flow, indicating challenges in covering operational expenses and investments from cash generated by the business. Operating cash flow is also negative, raising concerns about the company's ability to sustain operations without external financing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.65B	2.67B	5.92B	6.26B	8.80B	5.02B
Gross Profit	110.20M	115.20M	1.07B	475.00M	2.18B	900.04M
EBITDA	-9.40M	-94.50M	-61.15M	57.41M	1.22B	391.08M
Net Income	-116.30M	-197.20M	-186.48M	-44.90M	821.06M	-557.96M
Balance Sheet
Total Assets	0.00	1.95B	2.57B	3.01B	3.16B	3.05B
Cash, Cash Equivalents and Short-Term Investments	2.20M	26.40M	2.21M	2.30M	2.45M	16.01M
Total Debt	0.00	789.20M	801.93M	737.00M	1.17B	1.68B
Total Liabilities	21.40M	2.02B	2.46B	2.70B	2.89B	3.59B
Stockholders Equity	-21.40M	-76.90M	112.45M	305.10M	273.97M	-546.80M
Cash Flow
Free Cash Flow	0.00	-46.80M	-119.10M	445.00M	679.32M	569.20M
Operating Cash Flow	0.00	-45.00M	-65.21M	445.00M	679.32M	569.20M
Investing Cash Flow	0.00	13.20M	37.69M	2.90M	3.39M	4.58M
Financing Cash Flow	0.00	56.00M	27.44M	-448.00M	-696.28M	-560.14M

Shah Alloys Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 66.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHAHALLOYS, the sentiment is Neutral. The current price of 66.49 is below the 20-day moving average (MA) of 68.74, above the 50-day MA of 62.65, and above the 200-day MA of 60.37, indicating a neutral trend. The MACD of 2.08 indicates Positive momentum. The RSI at 49.35 is Neutral, neither overbought nor oversold. The STOCH value of 17.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SHAHALLOYS.

Shah Alloys Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HISARMETAL	61 Neutral	₹997.38M	36.49	5.06%	0.55%	0.22%	-50.63%
SALSTEEL	50 Neutral	₹2.42B	-14.86	-16.60%	―	4.71%	-3228.92%
SHAHALLOYS	44 Neutral	₹1.32B	―	―	―	-69.90%	27.84%
ZENITHSTL	44 Neutral	₹1.00B	32.32	-0.09%	―	-24.55%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Shah Alloys Limited Corporate Events

Shah Alloys Limited Publishes Q2 2025 Financial Results

Shah Alloys Limited has announced the publication of its audited financial results for the quarter ending June 30, 2025, in compliance with SEBI regulations. The results were published in both English and Gujarati newspapers, reflecting the company’s transparency and adherence to regulatory requirements, which may positively impact its credibility and stakeholder trust.