Shah Alloys Limited

BSE: 513436 NSE: BE : SHAHALLOYS
Shah Alloys Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L27100GJ1990PLC014698 Incorporated 23 November 1990 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: BE : SHAHALLOYS · BSE: 513436 Public Limited Company metals and minerals
Data last updated
Revenue · FY 2026
₹37.27 Cr
▼ 86.02% YoY
Computed EBITDA · FY 2026
₹7.14 Cr
▲ 175.56% YoY
Net profit · FY 2026
₹107.73 Cr
▲ 646.3% YoY
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹19.8 Cr
Issued & subscribed
Open charges
₹279.54 Cr
Satisfied ₹2,502.22 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
415
Latest available

About Shah Alloys Limited

Data last updated: 14 July 2026

Shah Alloys Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in steel manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 23 November 1990, the company has been in operation for over 36 years.

Registered with ROC Ahmedabad under CIN L27100GJ1990PLC014698. Listed on BSE: 513436 and NSE: BE : SHAHALLOYS.

Capital: an authorised share capital of ₹35 Cr and a paid-up capital of ₹19.8 Cr. Formerly known as Shah Alloys Private Limited. It is led by directors including Rajendrakumar Shah and Ashok Sharma.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: 5/1 Shree House 5Th Floor M Jlibrrry Ashram Road, Ahmedabad, Gujarat, India.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹37.27 Cr, a decline of 86.02% compared to the previous year. The net worth stands at ₹112.36 Cr (up 1561.12% YoY). Total assets are valued at ₹207.61 Cr (up 6.65% YoY).

The company has a workforce of approximately 415 employees as per the latest available data.

The company is associated with 1 brand - Shah Alloys. As per MCA filings, the company has open charges of ₹279.54 Cr and satisfied charges of ₹2,502.22 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shahalloys.com.

Company Details of Shah Alloys Limited
CIN L27100GJ1990PLC014698
Registration Number 014698
Incorporation Date 23 November 1990
ROC Ahmedabad
Listing Status Listed (BSE: 513436, NSE: BE : SHAHALLOYS)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Ashok Sharma Whole-Time Director Rajnikant Amrutlal Vyas Whole-Time Director Rajendrakumar Shah Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    shahalloys.com
  • Social Media
    Locked
  • Registered Address
    5/1 Shree House 5Th Floor M Jlibrrry Ashram Road, Ahmedabad, Gujarat, India
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing
Company report
Shah Alloys Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
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  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Shah Alloys Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Shah Alloys Limited

Shah Alloys Limited operates one associated brand: Shah Alloys. These brands represent Shah Alloys Limited's diversified market presence and brand portfolio.

Brand Description Website
Shah Alloys
Manufacturer of stainless steel, alloy, special steel, and carbon steel products shahalloys.com

Business Activity of Shah Alloys Limited

Shah Alloys Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
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Business activity turnover details for Shah Alloys Limited

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Auditor Details of Shah Alloys Limited

Shah Alloys Limited is audited by Parikh & Majmudar for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
Parikh & Majmudar Locked Locked Locked
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Complete auditor history for Shah Alloys Limited

Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.

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Board of Directors of Shah Alloys Limited

Shah Alloys Limited is currently managed by 7 directors, with 32 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rajendrakumar Shah
Also directs: S A L Steel Limited, Jito Ahmedabad Chapter Foundation
Director 23 Nov 1990 35 Years 7 Months Current
Ashok Sharma Whole-Time Director 11 Jul 2001 25 Years 0 Months Current
Nipa Jairaj Shah
Also directs: S A L Steel Limited
Director 14 Aug 2025 0 Years 11 Months Current
Rajnikant Amrutlal Vyas Whole-Time Director 04 Sep 2025 0 Years 10 Months Current
Ambalal Chhitabhai Patel
Also directs: Shree Rama Newsprint Limited, Sadbhav Infrastructure Project Limited, Sadbhav Engineering Limited and 2 more
Director 25 Aug 2023 2 Years 10 Months Current
Mitesh Vasantbhai Jariwala
Also directs: S A L Steel Limited, Cengres Tiles Limited, Aarem Insights Private Limited
Director 24 Feb 2024 2 Years 4 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Shah Alloys Limited FY 2026 filings available

Shah Alloys Limited reported revenue of ₹37.27 Cr (down 86.02% YoY) for FY 2026.

Revenue · FY 2026
₹37.27 Cr ▼ 86.02%
Profit · FY 2026
₹107.73 Cr ▲ 646.3%
Computed EBITDA · FY 2026
₹7.14 Cr ▲ 175.56%
Revenue₹ Cr · Consolidated05001,000FY 2020: ₹489 Cr489FY 2020FY 2021: ₹502 Cr · +2.6% YoY502+2.6%FY 2021FY 2022: ₹880 Cr · +75.3% YoY880+75.3%FY 2022FY 2023: ₹626 Cr · -28.8% YoY626-28.8%FY 2023FY 2025: ₹267 Cr · -57.4% YoY267-57.4%FY 2025FY 2026: ₹37 Cr · -86% YoY37.3-86%FY 2026
Net Profit₹ Cr · Consolidated-50050100150FY 2020: ₹5 Cr5.2FY 2020FY 2021: ₹47 Cr (loss) · -1018.6% YoY-47.5FY 2021FY 2022: ₹82 Cr · +272.9% YoY82.1+272.9%FY 2022FY 2023: ₹3 Cr (loss) · -103.9% YoY-3.2FY 2023FY 2025: ₹20 Cr (loss) · -512.2% YoY-19.7FY 2025FY 2026: ₹108 Cr · +646.3% YoY108+646.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year050100150Q1'25: ₹119 Cr · -22% YoY119-22%Q1'25Q2'25: ₹66 Cr · -53.3% YoY66.3-53.3%Q2'25Q3'25: ₹52 Cr · -71.1% YoY51.9-71.1%Q3'25Q4'25: ₹30 Cr · -79.2% YoY29.8-79.2%Q4'25Q1'26: ₹24 Cr · -80.1% YoY23.6-80.1%Q1'26Q2'26: ₹3 Cr · -95.5% YoY3-95.5%Q2'26Q3'26: ₹10 Cr · -80.2% YoY10.3-80.2%Q3'26Q4'26: ₹0 Cr · -98.7% YoY0.4-98.7%Q4'26
Metrics FY 2026 FY 2025 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹37.27 Cr ₹266.52 Cr ₹626.26 Cr ₹880.08 Cr ₹501.92 Cr ₹489.34 Cr
Other Income ₹2.16 Cr ₹76 Lakh ₹1.69 Cr ₹26.83 Cr ₹28.86 Cr ₹97 Lakh
Total Income ₹39.43 Cr ₹267.28 Cr ₹627.95 Cr ₹906.91 Cr ₹530.78 Cr ₹490.31 Cr
Cost of Materials Consumed ₹14.89 Cr ₹147.21 Cr ₹414.79 Cr ₹613.7 Cr ₹320.93 Cr ₹357.53 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹3.65 Cr ₹47.05 Cr ₹25.73 Cr -₹34.69 Cr ₹24.43 Cr ₹68 Lakh
Employee Benefit Expense ₹2.61 Cr ₹14.76 Cr ₹24.2 Cr ₹21.28 Cr ₹20.19 Cr ₹21.12 Cr
Finance Costs ₹3.61 Cr ₹4.48 Cr ₹2.59 Cr ₹2.19 Cr ₹1.63 Cr ₹45 Lakh
Depreciation & Amortisation ₹6.56 Cr ₹9.19 Cr ₹8.95 Cr ₹11.29 Cr ₹12.97 Cr ₹12.98 Cr
Other Expenses ₹11.14 Cr ₹67.71 Cr ₹157.51 Cr ₹163.02 Cr ₹120.18 Cr ₹165.72 Cr
Total Expenses ₹42.46 Cr ₹290.4 Cr ₹633.77 Cr ₹776.79 Cr ₹500.33 Cr ₹558.48 Cr
Profit Before Exceptional Items & Tax -₹3.03 Cr -₹23.12 Cr -₹5.82 Cr ₹130.12 Cr ₹30.45 Cr -₹68.17 Cr
Exceptional Items ₹135.6 Cr ₹0 ₹0 ₹0 ₹16.19 Cr ₹91.98 Cr
Profit Before Tax ₹132.57 Cr -₹23.12 Cr -₹5.82 Cr ₹130.12 Cr ₹46.64 Cr ₹23.81 Cr
Total Tax Expense ₹24.84 Cr -₹5.69 Cr -₹1.34 Cr ₹27.25 Cr ₹98.28 Cr ₹28.47 Cr
Net Profit ₹107.73 Cr -₹19.72 Cr -₹3.22 Cr ₹82.11 Cr -₹47.49 Cr ₹5.17 Cr
Other Comprehensive Income -₹54 Lakh ₹80 Lakh ₹64 Lakh -₹3 Lakh ₹13 Lakh -₹9.7 Cr
Total Comprehensive Income ₹107.19 Cr -₹18.92 Cr -₹2.58 Cr ₹82.08 Cr -₹47.36 Cr -₹4.53 Cr
EBITDA (computed) ₹7.14 Cr -₹9.45 Cr ₹5.72 Cr ₹143.6 Cr ₹45.05 Cr -₹54.74 Cr
Basic EPS ₹54.42 ₹-9.96 ₹-1.63 ₹41.47 ₹-26.08 ₹-2.35
Diluted EPS ₹54.42 ₹-9.96 ₹-1.63 ₹41.47 ₹-26.08 ₹-2.35
Metrics FY 2026 FY 2025 FY 2023
Total Assets ₹207.61 Cr ₹194.67 Cr ₹300.87 Cr
Non-current Assets ₹162.98 Cr ₹159.59 Cr ₹170.05 Cr
Current Assets ₹44.63 Cr ₹35.08 Cr ₹130.82 Cr
Property, Plant & Equipment ₹50.5 Cr ₹57.07 Cr ₹72.99 Cr
Inventories ₹19.35 Cr ₹30.1 Cr ₹108.79 Cr
Trade Receivables ₹1.08 Cr ₹1.24 Cr ₹15.04 Cr
Cash & Equivalents ₹1.09 Cr ₹2.64 Cr ₹23 Lakh
Equity (Net Worth) ₹112.36 Cr -₹7.69 Cr ₹30.51 Cr
Equity Share Capital ₹19.8 Cr ₹19.8 Cr ₹19.8 Cr
Borrowings (Non-current) ₹3.68 Cr ₹3.68 Cr ₹3.68 Cr
Borrowings (Current) ₹59.31 Cr ₹75.24 Cr ₹70.02 Cr
Total Debt (computed) ₹62.99 Cr ₹78.92 Cr ₹73.7 Cr
Current Liabilities ₹89.78 Cr ₹195.85 Cr ₹249.39 Cr
Total Liabilities ₹95.25 Cr ₹202.36 Cr ₹270.36 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2023 FY 2022
Operating Cash Flow -₹71 Cr -₹4.5 Cr ₹44.5 Cr ₹67.93 Cr
Investing Cash Flow ₹89 Cr ₹1.32 Cr ₹29 Lakh ₹34 Lakh
Financing Cash Flow -₹19.54 Cr ₹5.6 Cr -₹44.8 Cr -₹69.63 Cr
Capital Expenditure -₹59 Lakh ₹18 Lakh ₹0 ₹0
Free Cash Flow (computed) -₹71.59 Cr -₹4.68 Cr ₹44.5 Cr ₹67.93 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹1.54 Cr ₹2.42 Cr -₹1 Lakh -₹1.36 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹38 Lakh ₹10.29 Cr ₹2.96 Cr ₹23.64 Cr ₹29.76 Cr ₹51.9 Cr ₹66.31 Cr ₹118.55 Cr ₹142.82 Cr ₹179.72 Cr ₹141.97 Cr ₹152.02 Cr
Other Income ₹1.87 Cr ₹29 Lakh ₹0 ₹0 ₹61 Lakh ₹10 Lakh ₹5 Lakh ₹0 ₹1.86 Cr ₹87 Lakh ₹17.59 Cr ₹1.63 Cr
Total Income ₹2.25 Cr ₹10.58 Cr ₹2.96 Cr ₹23.64 Cr ₹30.37 Cr ₹52 Cr ₹66.36 Cr ₹118.55 Cr ₹144.68 Cr ₹180.59 Cr ₹159.56 Cr ₹153.65 Cr
Cost of Materials Consumed ₹0 ₹0 ₹2.11 Cr ₹12.78 Cr ₹17.87 Cr ₹9.88 Cr ₹43.05 Cr ₹76.41 Cr ₹100.02 Cr ₹129.23 Cr ₹102.12 Cr ₹112.62 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹40 Lakh ₹3.25 Cr -₹2.25 Cr ₹31.75 Cr ₹4.76 Cr ₹12.79 Cr ₹8.08 Cr ₹14 Lakh ₹3.97 Cr -₹6.8 Cr
Employee Benefit Expense ₹26 Lakh ₹30 Lakh ₹91 Lakh ₹1.8 Cr ₹2.97 Cr ₹2.54 Cr ₹4.38 Cr ₹4.87 Cr ₹5.31 Cr ₹5.84 Cr ₹6.47 Cr ₹7.34 Cr
Finance Costs ₹44 Lakh ₹1.04 Cr ₹1.08 Cr ₹1.05 Cr ₹1.12 Cr ₹1.14 Cr ₹1.11 Cr ₹1.11 Cr ₹1.04 Cr ₹1.06 Cr ₹1.05 Cr ₹98 Lakh
Depreciation & Amortisation ₹1.59 Cr ₹1.69 Cr ₹1.64 Cr ₹1.64 Cr ₹2.3 Cr ₹2.3 Cr ₹2.29 Cr ₹2.3 Cr ₹2.23 Cr ₹2.23 Cr ₹2.23 Cr ₹2.24 Cr
Other Expenses ₹1.14 Cr ₹2.71 Cr ₹41 Lakh ₹6.22 Cr ₹11.55 Cr ₹6.94 Cr ₹19.21 Cr ₹30.01 Cr ₹38.26 Cr ₹41.7 Cr ₹42.96 Cr ₹45.93 Cr
Total Expenses ₹3.43 Cr ₹5.74 Cr ₹6.55 Cr ₹26.74 Cr ₹33.56 Cr ₹54.55 Cr ₹74.8 Cr ₹127.49 Cr ₹154.94 Cr ₹180.2 Cr ₹158.8 Cr ₹162.31 Cr
Profit Before Exceptional Items & Tax -₹1.18 Cr ₹4.84 Cr -₹3.59 Cr -₹3.1 Cr -₹3.19 Cr -₹2.55 Cr -₹8.44 Cr -₹8.94 Cr -₹10.26 Cr ₹39 Lakh ₹76 Lakh -₹8.66 Cr
Exceptional Items -₹5.39 Cr ₹54.36 Cr ₹16.92 Cr ₹0 ₹0 ₹0 ₹0 ₹0 -₹15.6 Cr ₹0 ₹0 ₹0
Profit Before Tax -₹6.57 Cr ₹59.2 Cr ₹13.33 Cr -₹3.1 Cr -₹3.19 Cr -₹2.55 Cr -₹8.44 Cr -₹8.94 Cr -₹25.86 Cr ₹39 Lakh ₹76 Lakh -₹8.66 Cr
Total Tax Expense ₹1.6 Cr ₹23.1 Cr ₹92 Lakh -₹78 Lakh -₹83 Lakh -₹63 Lakh -₹2.03 Cr -₹2.2 Cr -₹2.64 Cr ₹5 Lakh ₹14 Lakh -₹2.07 Cr
Net Profit -₹8.41 Cr ₹38.46 Cr ₹13.73 Cr -₹5.76 Cr -₹4.49 Cr -₹2.16 Cr -₹6.38 Cr -₹6.69 Cr -₹24.11 Cr ₹35 Lakh ₹70 Lakh -₹6.37 Cr
  attributable to Owners - - - ₹0 - ₹0 - - ₹0 - - -
  attributable to NCI - - - ₹0 - ₹0 - - ₹0 - - -
Other Comprehensive Income -₹10 Lakh -₹64 Lakh ₹0 ₹20 Lakh ₹1.25 Cr -₹15 Lakh -₹15 Lakh -₹15 Lakh ₹16 Lakh ₹16 Lakh ₹16 Lakh ₹66 Lakh
Total Comprehensive Income -₹8.51 Cr ₹37.82 Cr ₹13.73 Cr -₹5.56 Cr -₹3.24 Cr -₹2.31 Cr -₹6.53 Cr -₹6.84 Cr -₹23.95 Cr ₹51 Lakh ₹86 Lakh -₹5.71 Cr
EBITDA (computed) ₹85 Lakh ₹7.57 Cr -₹87 Lakh -₹41 Lakh ₹23 Lakh ₹89 Lakh -₹5.04 Cr -₹5.53 Cr -₹6.99 Cr ₹3.68 Cr ₹4.04 Cr -₹5.44 Cr
Basic EPS ₹-4.25 ₹19.42 ₹6.93 ₹-2.91 ₹-2.27 ₹-1.09 ₹-3.23 ₹-3.38 ₹-12.18 ₹0.18 ₹0.36 ₹-3.21
Diluted EPS ₹-4.25 ₹19.42 ₹6.93 ₹-2.91 ₹-2.27 ₹-1.09 ₹-3.23 ₹-3.38 ₹-12.18 ₹0.18 ₹0.36 ₹-3.21
Latest 12 quarters shown of 24 on record.
Metrics FY 2026 FY 2025 FY 2023 FY 2022
Revenue from Operations ₹37.27 Cr ₹266.52 Cr ₹626.26 Cr ₹880.08 Cr
Other Income ₹11.02 Cr ₹76 Lakh ₹12.84 Cr ₹26.83 Cr
Total Income ₹48.29 Cr ₹267.28 Cr ₹639.1 Cr ₹906.91 Cr
Cost of Materials Consumed ₹14.89 Cr ₹147.21 Cr ₹414.79 Cr ₹613.7 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹3.65 Cr ₹47.05 Cr ₹25.73 Cr -₹34.69 Cr
Employee Benefit Expense ₹2.61 Cr ₹14.76 Cr ₹24.2 Cr ₹21.28 Cr
Finance Costs ₹3.61 Cr ₹4.48 Cr ₹2.59 Cr ₹2.19 Cr
Depreciation & Amortisation ₹6.56 Cr ₹9.19 Cr ₹8.95 Cr ₹11.29 Cr
Other Expenses ₹11.14 Cr ₹77.57 Cr ₹157.51 Cr ₹163.02 Cr
Total Expenses ₹42.46 Cr ₹300.26 Cr ₹633.77 Cr ₹776.79 Cr
Profit Before Exceptional Items & Tax ₹5.83 Cr -₹32.98 Cr ₹5.33 Cr ₹130.12 Cr
Exceptional Items ₹91.61 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹97.44 Cr -₹32.98 Cr ₹5.33 Cr ₹130.12 Cr
Total Tax Expense ₹24.84 Cr -₹5.69 Cr -₹1.34 Cr ₹27.25 Cr
Net Profit ₹72.6 Cr -₹27.29 Cr ₹6.67 Cr ₹102.87 Cr
Other Comprehensive Income -₹54 Lakh ₹80 Lakh ₹64 Lakh -₹3 Lakh
Total Comprehensive Income ₹72.06 Cr -₹26.49 Cr ₹7.31 Cr ₹102.84 Cr
EBITDA (computed) ₹16 Cr -₹19.31 Cr ₹16.87 Cr ₹143.6 Cr
Basic EPS ₹36.67 ₹-13.79 ₹3.37 ₹51.96
Diluted EPS ₹36.67 ₹-13.79 ₹3.37 ₹51.96
Metrics FY 2026 FY 2025 FY 2023
Total Assets ₹207.61 Cr ₹242.66 Cr ₹335.19 Cr
Non-current Assets ₹162.98 Cr ₹207.58 Cr ₹204.37 Cr
Current Assets ₹44.63 Cr ₹35.08 Cr ₹130.82 Cr
Property, Plant & Equipment ₹50.5 Cr ₹57.07 Cr ₹72.99 Cr
Inventories ₹19.35 Cr ₹30.1 Cr ₹108.79 Cr
Trade Receivables ₹1.08 Cr ₹1.24 Cr ₹15.04 Cr
Cash & Equivalents ₹1.09 Cr ₹2.64 Cr ₹23 Lakh
Equity (Net Worth) ₹112.36 Cr ₹40.3 Cr ₹64.83 Cr
Equity Share Capital ₹19.8 Cr ₹19.8 Cr ₹19.8 Cr
Borrowings (Non-current) ₹3.68 Cr ₹3.68 Cr ₹3.68 Cr
Borrowings (Current) ₹59.31 Cr ₹75.24 Cr ₹70.02 Cr
Total Debt (computed) ₹62.99 Cr ₹78.92 Cr ₹73.7 Cr
Current Liabilities ₹89.78 Cr ₹195.85 Cr ₹249.39 Cr
Total Liabilities ₹95.25 Cr ₹202.36 Cr ₹270.36 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2023 FY 2022
Operating Cash Flow -₹71.01 Cr -₹4.5 Cr ₹44.5 Cr ₹67.93 Cr
Investing Cash Flow ₹89 Cr ₹1.32 Cr ₹29 Lakh ₹34 Lakh
Financing Cash Flow -₹19.54 Cr ₹5.6 Cr -₹44.8 Cr -₹69.63 Cr
Capital Expenditure -₹59 Lakh ₹18 Lakh ₹0 ₹0
Free Cash Flow (computed) -₹71.6 Cr -₹4.68 Cr ₹44.5 Cr ₹67.93 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹1.55 Cr ₹2.42 Cr -₹1 Lakh -₹1.36 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹38 Lakh ₹10.29 Cr ₹2.96 Cr ₹23.64 Cr ₹29.76 Cr ₹51.9 Cr ₹66.31 Cr ₹118.55 Cr ₹142.82 Cr ₹179.72 Cr ₹141.97 Cr ₹152.02 Cr
Other Income ₹1.87 Cr ₹29 Lakh ₹23.35 Cr ₹0 ₹61 Lakh ₹10 Lakh ₹21.8 Cr ₹0 ₹25.89 Cr ₹2.47 Cr ₹24.46 Cr ₹1.63 Cr
Total Income ₹2.25 Cr ₹10.58 Cr ₹26.31 Cr ₹23.64 Cr ₹30.37 Cr ₹52 Cr ₹88.11 Cr ₹118.55 Cr ₹168.71 Cr ₹182.19 Cr ₹166.43 Cr ₹153.65 Cr
Cost of Materials Consumed ₹0 ₹0 ₹2.11 Cr ₹12.78 Cr ₹17.87 Cr ₹9.88 Cr ₹43.05 Cr ₹76.41 Cr ₹100.02 Cr ₹129.23 Cr ₹102.12 Cr ₹112.62 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹40 Lakh ₹3.25 Cr -₹2.25 Cr ₹31.75 Cr ₹4.76 Cr ₹12.79 Cr ₹8.08 Cr ₹14 Lakh ₹3.97 Cr -₹6.8 Cr
Employee Benefit Expense ₹26 Lakh ₹30 Lakh ₹91 Lakh ₹1.8 Cr ₹2.97 Cr ₹2.54 Cr ₹4.38 Cr ₹4.87 Cr ₹5.31 Cr ₹5.84 Cr ₹6.47 Cr ₹7.34 Cr
Finance Costs ₹44 Lakh ₹1.04 Cr ₹1.08 Cr ₹1.05 Cr ₹1.12 Cr ₹1.14 Cr ₹1.11 Cr ₹1.11 Cr ₹1.04 Cr ₹1.06 Cr ₹1.05 Cr ₹98 Lakh
Depreciation & Amortisation ₹1.59 Cr ₹1.69 Cr ₹1.64 Cr ₹1.64 Cr ₹2.3 Cr ₹2.3 Cr ₹2.29 Cr ₹2.3 Cr ₹2.23 Cr ₹2.23 Cr ₹2.23 Cr ₹2.24 Cr
Other Expenses ₹1.14 Cr ₹2.71 Cr ₹41 Lakh ₹6.73 Cr ₹28.55 Cr ₹20.28 Cr ₹19.21 Cr ₹31.28 Cr ₹38.25 Cr ₹41.7 Cr ₹42.96 Cr ₹50.23 Cr
Total Expenses ₹3.43 Cr ₹5.74 Cr ₹6.55 Cr ₹27.25 Cr ₹50.56 Cr ₹67.89 Cr ₹74.8 Cr ₹128.76 Cr ₹154.93 Cr ₹180.2 Cr ₹158.8 Cr ₹166.61 Cr
Profit Before Exceptional Items & Tax -₹1.18 Cr ₹4.84 Cr ₹19.76 Cr -₹3.61 Cr -₹20.19 Cr -₹15.89 Cr ₹13.31 Cr -₹10.21 Cr ₹13.78 Cr ₹1.99 Cr ₹7.63 Cr -₹12.96 Cr
Exceptional Items ₹7.23 Cr ₹54.36 Cr ₹16.92 Cr ₹0 ₹0 ₹0 ₹0 ₹0 -₹15.6 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹6.05 Cr ₹59.2 Cr ₹36.68 Cr -₹3.61 Cr -₹20.19 Cr -₹15.89 Cr ₹13.31 Cr -₹10.21 Cr -₹1.82 Cr ₹1.99 Cr ₹7.63 Cr -₹12.96 Cr
Total Tax Expense ₹1.6 Cr ₹23.1 Cr ₹92 Lakh -₹78 Lakh -₹83 Lakh -₹63 Lakh -₹2.03 Cr -₹2.2 Cr -₹2.64 Cr ₹5 Lakh ₹14 Lakh -₹2.07 Cr
Net Profit ₹4.45 Cr ₹38.46 Cr ₹35.76 Cr -₹2.83 Cr -₹19.36 Cr -₹15.26 Cr ₹15.34 Cr -₹8.01 Cr ₹82 Lakh ₹1.94 Cr ₹7.49 Cr -₹10.89 Cr
Other Comprehensive Income -₹10 Lakh -₹64 Lakh ₹0 ₹20 Lakh ₹1.25 Cr -₹15 Lakh -₹15 Lakh -₹15 Lakh ₹16 Lakh ₹16 Lakh ₹16 Lakh ₹66 Lakh
Total Comprehensive Income ₹4.35 Cr ₹37.82 Cr ₹35.76 Cr -₹2.63 Cr -₹18.11 Cr -₹15.41 Cr ₹15.19 Cr -₹8.16 Cr ₹98 Lakh ₹2.1 Cr ₹7.65 Cr -₹10.23 Cr
EBITDA (computed) ₹85 Lakh ₹7.57 Cr ₹22.48 Cr -₹92 Lakh -₹16.77 Cr -₹12.45 Cr ₹16.71 Cr -₹6.8 Cr ₹17.05 Cr ₹5.28 Cr ₹10.91 Cr -₹9.74 Cr
Basic EPS ₹2.25 ₹19.42 ₹18.07 ₹-1.43 ₹-9.78 ₹-7.70 ₹7.75 ₹-4.04 ₹0.42 ₹0.98 ₹3.78 ₹-5.50
Diluted EPS ₹2.25 ₹19.42 ₹18.07 ₹-1.43 ₹-9.78 ₹-7.70 ₹7.75 ₹-4.04 ₹0.42 ₹0.98 ₹3.78 ₹-5.50
Latest 12 quarters shown of 22 on record.
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Shareholding Pattern of Shah Alloys Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 53.75%, retail and other public shareholders hold 46.25% of Shah Alloys Limited. The company had 9,321 shareholders on record.

Promoters: 53.75%Retail & Others: 46.25%
Mar 2026
QUARTER
53.75% Promoters
46.25% Retail & Others
Promoter holding - history
Now 53.75% · Mar 2026High 54.19% · Dec 2015Low 53.75% · Mar 2018
52%53%54%55%56%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 54.19%Mar 2016: 54.19%Jun 2016: 54.19%Sep 2016: 54.19%Dec 2016: 54.19%Mar 2017: 54.19%Jun 2017: 54.19%Sep 2017: 54.19%Dec 2017: 53.96%Mar 2018: 53.75%Jun 2018: 53.75%Sep 2018: 53.75%Dec 2018: 53.75%Mar 2019: 53.75%Jun 2019: 53.75%Sep 2019: 53.75%Dec 2019: 53.75%Mar 2020: 53.75%Jun 2020: 53.75%Sep 2020: 53.75%Dec 2020: 53.75%Mar 2021: 53.75%Jun 2021: 53.75%Sep 2021: 53.80%Dec 2021: 53.80%Mar 2022: 53.77%Jun 2022: 53.75%Sep 2022: 53.75%Dec 2022: 53.75%Mar 2023: 53.75%Jun 2023: 53.75%Sep 2023: 53.77%Dec 2023: 53.78%Mar 2024: 53.78%Jun 2024: 53.78%Sep 2024: 53.78%Dec 2024: 53.78%Mar 2025: 53.78%Jun 2025: 53.78%Sep 2025: 53.75%Dec 2025: 53.75%Mar 2026: 53.75%54.19%53.75%53.75%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters53.75%53.75%53.75%53.78%53.78%53.78%
Public46.25%46.25%46.25%46.22%46.22%46.22%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters53.75%53.78%53.78%53.75%53.77%53.75%53.75%53.75%53.75%54.19%54.19%
Public46.25%46.22%46.22%46.25%46.23%46.25%46.25%46.25%46.25%45.81%45.81%
Promoter change (YoY, %pts)-0.03+0.00+0.03-0.02+0.02+0.00+0.00+0.00-0.44+0.00-

Board & Governance of Shah Alloys Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Shah Alloys Limited has 7 directors - 4 independent and 2 executive. The board is chaired by RAJENDRAKUMAR SHAH.

DirectorPositionOn board sinceListed boards
RAJENDRAKUMAR SHAH Non-Executive - Non Independent Director · Chairperson 1990-11-23 1
ASHOK SHARMA Executive Director 2001-07-11 1
RAJNIKANT AMRUTLAL VYAS Executive Director 2025-09-04 1
AMBALAL CHITABHAI PATEL Non-Executive - Independent Director 2023-08-25 5
BIPINBHAI AMULAKHBHAI GOSALIA Non-Executive - Independent Director 2024-02-24 2
MITESH VASANTBHAI JARIWALA Non-Executive - Independent Director 2024-02-24 3
NIPA JAIRAJ SHAH Non-Executive - Independent Director 2025-08-14 2
Board Committees
CommitteeMembers
Audit Committee MITESH VASANTBHAI JARIWALA (Chairperson), BIPINBHAI AMULAKHBHAI GOSALIA, RAJENDRAKUMAR SHAH
Nomination and remuneration committee MITESH VASANTBHAI JARIWALA (Chairperson), BIPINBHAI AMULAKHBHAI GOSALIA, RAJENDRAKUMAR SHAH
Stakeholders Relationship Committee MITESH VASANTBHAI JARIWALA (Chairperson), NIPA JAIRAJ SHAH, ASHOK SHARMA
Corporate Social Responsibility Committee ASHOK SHARMA (Chairperson), RAJENDRAKUMAR SHAH, MITESH VASANTBHAI JARIWALA, AMBALAL CHITABHAI PATEL

Group Structure of Shah Alloys Limited

Shah Alloys Limited has 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Shah Alloys Limited's business expansion strategy and organizational complexity.

1
Associated companies

Charges & Borrowings of Shah Alloys Limited

Open charges
₹279.54 Cr
Satisfied charges
₹2,502.22 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹100.00 Cr
Union Bank of India₹51.90 Cr
Bank of Maharastra₹36.94 Cr
Industrial Development Bank of India Limited.₹25.00 Cr
Idbi Bank Ltd.₹21.00 Cr
Others₹44.70 Cr
Latest charge details
DateLenderAmountStatus
27 Apr 2009 Bank of Maharastra ₹36.94 Cr Open
14 Feb 2007 Industrial Development Bank of India Limited. ₹25 Cr Open
20 Oct 2006 Idbi Trusteeship Services Limited ₹100 Cr Open
13 Feb 2004 The Life Insurance Corporation of India ₹10 Cr Open
29 Mar 2003 Bank of Maharashtra ₹15 Cr Open

Total charge records: 47 View all charges

Employees and EPFO Compliance at Shah Alloys Limited

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Employee and EPFO history for Shah Alloys Limited

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GST Compliance of Shah Alloys Limited

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Credit Ratings, Litigation & Regulatory Alerts for Shah Alloys Limited

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MSME Payment Delays by Shah Alloys Limited

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MSME payment history for Shah Alloys Limited

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Subsidiaries & Group Companies of Shah Alloys Limited

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Corporate group structure for Shah Alloys Limited

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MCA Filings & Documents of Shah Alloys Limited

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MCA filings and documents for Shah Alloys Limited

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Recent Activity on Shah Alloys Limited

Charges
28 Jan 2026
A charge registered on 03 Oct 2024 via Charge ID 100989799 with Others was fully satisfied on 28 Jan 2026.
Activity
26 Sep 2025
Shah Alloys Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Directors
04 Sep 2025
Rajnikant Amrutlal Vyas was appointed as a Whole-time director on 04 Sep 2025 & has been associated with this company since 10 months 10 days.
Directors
14 Aug 2025
Nipa Jairaj Shah was appointed as a Director on 14 Aug 2025 & has been associated with this company since 11 months 1 day.
Activity
31 Mar 2025
Shah Alloys Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
03 Oct 2024
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100989799 was registered on 03 Oct 2024.

Recent News on Shah Alloys Limited

Shah Alloys turns black in Q2FY19
19 Nov 2018 · Udaipurkiran

Frequently Asked Questions about Shah Alloys Limited

Shah Alloys Limited is an active public limited company in the metals and minerals sector based in Ahmedabad, Gujarat, India. It was incorporated on 23 November 1990 (36+ years old) and is registered under CIN L27100GJ1990PLC014698. Listed on BSE: 513436 and NSE: BE : SHAHALLOYS. The company has 415 employees.

Shah Alloys Limited reported revenue of ₹37.27 Cr for FY 2026 (down 86.02% YoY) based on consolidated NSE filings.

The current directors of Shah Alloys Limited are:

The primary industry of Shah Alloys Limited is metals and minerals. The company specifically operates in steel manufacturing and processing. The company is currently active in this sector.

Yes. Shah Alloys Limited is listed on both BSE (code: 513436) and NSE (symbol: BE : SHAHALLOYS).

Shah Alloys Limited can be reached at the registered office: 51 Shree House 5Th Floor M Jlibrrry Ashram Road, Ahmedabad, Gujarat, India, or through the website shahalloys.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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