
About Shah Metacorp Limited
Data last updated:
Shah Metacorp Limited is a public limited company based in Kukarwada, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L46209GJ1999PLC036656. Its GSTIN is 24AAECS6731M1Z3 (Gujarat). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 533275 and NSE: SHAH.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹102.64 Cr. It is led by directors including Mahendra Kumar Shukla (Whole-Time Director) and Dipali Manish Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. 2/3 GIDC Ubkhal Kukarwada Tal. Vijapur Dist. Mehsana, Gujarat, India – 382830.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹207.99 Cr, a growth of 18.1% compared to the previous year. For the same year it recorded a net profit of ₹12.17 Cr (net margin 5.9%) and EBITDA of ₹1.76 Cr (EBITDA margin 0.8%). The net worth stands at ₹305.19 Cr (up 84.5% YoY). Total assets are valued at ₹547.66 Cr (up 198.8% YoY).
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Shah Metacorp. As per MCA filings, the company has satisfied charges of ₹132.46 Cr on record. Court records list 21 cases involving the company, including 14 filed by the company and 7 filed against it; 13 cases are pending. The company has 118 deals on record (116 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹47.88 Cr; the latest was in August 2026. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 5 smaller; the largest is Peb Structural Industries Private Limited with revenue of ₹180.63 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gyscoal.com.
Company details
CIN history
Shah Metacorp has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L46209GJ1999PLC036656, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L46209GJ1999PLC036656 | Current |
| U27209GJ1999PTC036656 | Previous |
| U27209GJ1999PLC036656 | Previous |
| L27209GJ1999PLC036656 | Previous |
Contact details
Shah Metacorp Limited's registered office is in Kukarwada, Gujarat. Its website is gyscoal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 2/3 GIDC Ubkhal Kukarwada Tal. Vijapur Dist. Mehsana, Gujarat, India – 382830
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Shah Metacorp Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Shah Metacorp operates one associated brand: Shah Metacorp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stainless steel products are manufactured, exported, and supplied internationally. | gyscoal.com |
Business activity
The main business activities of Shah Metacorp are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shah Metacorp Limited, buy the company report.
Financials of Shah Metacorp Limited
FY 2025-26 filings availableShah Metacorp Limited reported revenue of ₹207.99 Cr (up 18.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 208 | 176 | 96.77 | 39.88 | 20.04 | 12.58 | 64.72 |
| Revenue growth | +18.1% | +82.0% | +142.7% | +99.0% | +59.3% | -80.6% | - |
| EBITDA | 1.76 | 11.19 | 3.59 | (4.04) | (9.54) | (81.88) | (12.93) |
| EBITDA margin | +0.9% | +6.4% | +3.7% | -10.1% | -47.6% | -650.9% | -20.0% |
| Profit before tax | 15.15 | 35.37 | 4.41 | (0.29) | 0.36 | (92.36) | (15.68) |
| Net profit | 12.17 | 9.72 | 4.27 | 1.65 | (10.81) | (74.50) | (13.71) |
| Net profit margin | +5.9% | +5.5% | +4.4% | +4.1% | -53.9% | -592.2% | -21.2% |
| EPS (₹) | 0.15 | 0.55 | 0.10 | 0.05 | (0.36) | (4.71) | (0.86) |
| Balance sheet | |||||||
| Total assets | 548 | 183 | 94.09 | 85.32 | 47.92 | 42.86 | 100 |
| Net worth | 305 | 165 | 57.42 | 17.67 | (31.46) | (50.14) | 23.88 |
| Total debt | 239 | 17.75 | 36.54 | 67.48 | 79.09 | 92.65 | 75.60 |
| Cash & bank | 2.27 | 0.22 | 0.34 | 28.64 | 0.33 | 0.16 | 0.36 |
| Net working capital | 352 | 134 | 47.81 | 36.10 | 4.38 | (11.01) | 59.60 |
| Cash flow | |||||||
| Cash from operations | (57.74) | (46.84) | (32.40) | (0.34) | (21.33) | (18.70) | 4.05 |
| Cash from investing | (220) | (9.86) | (0.32) | (6.63) | 0.12 | 0.08 | 0.01 |
| Cash from financing | 279 | 56.59 | 4.42 | 35.28 | 21.39 | 18.43 | (4.02) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57.20 | 62.28 | 50.04 | 66.77 | 28.90 | 41.46 | 39.86 | 48.54 |
| Revenue growth (YoY) | +97.9% | +50.2% | +25.5% | +37.6% | -37.6% | - | - | - |
| Other income | 1.19 | 16.80 | 1.88 | 0.63 | 0.71 | 0.69 | 1.71 | 0.65 |
| EBITDA | 4.73 | (4.15) | 1.09 | 1.65 | 3.17 | 2.63 | 2.30 | 2.74 |
| EBITDA margin | +8.3% | -6.7% | +2.2% | +2.5% | +11.0% | +6.3% | +5.8% | +5.6% |
| Depreciation | 0.97 | 1.02 | 1.03 | 1.06 | 1.07 | 1.02 | 0.87 | 0.90 |
| Interest | 0.27 | 1.14 | 1.01 | 0.32 | 0.00 | 0.01 | 0.03 | 0.00 |
| Profit before tax | 4.68 | 10.49 | 0.93 | 0.90 | 2.81 | 2.29 | 3.11 | 2.49 |
| Tax | 1.18 | 2.47 | 0.22 | 0.11 | 0.31 | (1.50) | 0.12 | 0.02 |
| Net profit | 3.50 | 8.02 | 0.71 | 0.79 | 2.50 | 3.79 | 2.99 | 2.47 |
| EPS (₹) | 0.04 | 0.09 | 0.01 | 0.01 | 0.04 | 0.07 | 0.06 | 0.05 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 168 | 171 | 91.87 | 39.88 | 20.04 | 12.58 | 64.72 |
| Revenue growth | -1.6% | +85.9% | +130.4% | +99.0% | +59.3% | -80.6% | - |
| EBITDA | 2.37 | 10.86 | 3.54 | (4.04) | (9.54) | (81.88) | (12.93) |
| EBITDA margin | +1.4% | +6.4% | +3.9% | -10.1% | -47.6% | -650.9% | -20.0% |
| Profit before tax | 13.55 | 35.04 | 4.36 | (0.29) | 0.36 | (92.36) | (15.68) |
| Net profit | 10.44 | 9.43 | 4.22 | 1.65 | (10.81) | (74.37) | (13.71) |
| Net profit margin | +6.2% | +5.5% | +4.6% | +4.1% | -53.9% | -591.2% | -21.2% |
| EPS (₹) | 0.13 | 0.54 | 0.10 | 0.05 | (0.36) | (4.70) | (0.86) |
| Balance sheet | |||||||
| Total assets | 317 | 182 | 94.02 | 85.32 | 47.92 | 42.87 | 100 |
| Net worth | 301 | 165 | 57.36 | 17.67 | (31.46) | (50.14) | 23.88 |
| Total debt | 15.37 | 17.20 | 36.53 | 67.48 | 79.09 | 92.65 | 75.60 |
| Cash & bank | 1.87 | 0.15 | 0.32 | 28.64 | 0.33 | 0.16 | 0.36 |
| Net working capital | 161 | 133 | 47.73 | 36.10 | 4.38 | (11.01) | 59.60 |
| Cash flow | |||||||
| Cash from operations | (30.91) | (46.34) | (32.40) | (0.34) | (21.33) | (11.23) | 4.05 |
| Cash from investing | (91.18) | (9.87) | (0.33) | (6.63) | 0.12 | 0.08 | 0.01 |
| Cash from financing | 124 | 56.05 | 4.41 | 35.28 | 21.39 | 10.95 | (4.02) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.13 | 53.62 | 45.81 | 39.81 | 28.90 | 41.46 | 35.89 | 48.54 |
| Revenue growth (YoY) | +87.3% | +29.3% | +27.6% | -18.0% | -35.6% | - | - | - |
| Other income | 0.46 | 14.04 | 0.40 | 0.19 | 0.71 | 0.69 | 1.71 | 0.65 |
| Total expenses | 48.93 | 57.16 | 44.38 | 38.51 | 25.70 | 38.76 | 33.94 | 45.78 |
| EBITDA | 5.20 | (3.54) | 1.43 | 1.30 | 3.20 | 2.70 | 1.95 | 2.76 |
| EBITDA margin | +9.6% | -6.6% | +3.1% | +3.3% | +11.1% | +6.5% | +5.4% | +5.7% |
| Depreciation | 0.97 | 1.01 | 1.03 | 1.05 | 1.07 | 1.02 | 0.87 | 0.90 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Profit before tax | 4.69 | 9.49 | 0.80 | 0.44 | 2.84 | 2.37 | 2.77 | 2.51 |
| Tax | 1.18 | 2.47 | 0.22 | 0.11 | 0.31 | (1.50) | 0.03 | 0.02 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57.20 | 62.28 | 50.04 | 66.77 | 28.90 | 41.46 | 39.86 | 48.54 |
| Revenue growth (YoY) | +97.9% | +50.2% | +25.5% | +37.6% | -37.6% | - | - | - |
| Other income | 1.19 | 16.80 | 1.88 | 0.63 | 0.71 | 0.69 | 1.71 | 0.65 |
| EBITDA | 4.73 | (4.15) | 1.09 | 1.65 | 3.17 | 2.63 | 2.30 | 2.74 |
| EBITDA margin | +8.3% | -6.7% | +2.2% | +2.5% | +11.0% | +6.3% | +5.8% | +5.6% |
| Depreciation | 0.97 | 1.02 | 1.03 | 1.06 | 1.07 | 1.02 | 0.87 | 0.90 |
| Interest | 0.27 | 1.14 | 1.01 | 0.32 | 0.00 | 0.01 | 0.03 | 0.00 |
| Profit before tax | 4.68 | 10.49 | 0.93 | 0.90 | 2.81 | 2.29 | 3.11 | 2.49 |
| Tax | 1.18 | 2.47 | 0.22 | 0.11 | 0.31 | (1.50) | 0.12 | 0.02 |
| Net profit | 3.50 | 8.02 | 0.71 | 0.79 | 2.50 | 3.79 | 2.99 | 2.47 |
| EPS (₹) | 0.04 | 0.09 | 0.01 | 0.01 | 0.04 | 0.07 | 0.06 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 208 | 176 | 96.77 | 39.88 | 20.04 | 12.58 | 64.72 |
| Revenue growth | +18.1% | +82.0% | +142.7% | +99.0% | +59.3% | -80.6% | - |
| Other income | 20.02 | 27.85 | 4.35 | 7.00 | 14.11 | 0.23 | 8.75 |
| Total expenses | 206 | 165 | 93.18 | 43.92 | 29.58 | 94.46 | 77.65 |
| Employee cost | 0.00 | 1.49 | 1.33 | 1.04 | 2.62 | 2.16 | 4.59 |
| EBITDA | 1.76 | 11.19 | 3.59 | (4.04) | (9.54) | (81.88) | (12.93) |
| EBITDA margin | +0.9% | +6.4% | +3.7% | -10.1% | -47.6% | -650.9% | -20.0% |
| Depreciation | 4.17 | 3.63 | 3.52 | 2.92 | 3.67 | 4.54 | 5.54 |
| Interest | 2.46 | 0.04 | 0.01 | 0.33 | 0.54 | 6.17 | 5.96 |
| Profit before tax | 15.15 | 35.37 | 4.41 | (0.29) | 0.36 | (92.36) | (15.68) |
| Tax | 3.12 | 2.76 | 0.14 | (1.94) | 6.00 | (17.86) | (1.97) |
| Net profit | 12.17 | 9.72 | 4.27 | 1.65 | (10.81) | (74.50) | (13.71) |
| Net profit margin | +5.9% | +5.5% | +4.4% | +4.1% | -53.9% | -592.2% | -21.2% |
| EPS (₹) | 0.15 | 0.55 | 0.10 | 0.05 | (0.36) | (4.71) | (0.86) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 88.52 | 59.39 | 41.93 | 33.24 | 15.83 | 15.83 | 15.83 |
| Reserves & surplus | 217 | 106 | 15.49 | (15.57) | (47.29) | (65.97) | 8.05 |
| Shareholders' funds (net worth) | 305 | 165 | 57.42 | 17.67 | (31.46) | (50.14) | 23.88 |
| Minority interest | 3.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 11.50 | 27.50 | 29.25 | 57.19 | 64.99 |
| Unsecured loans | 239 | 17.75 | 25.04 | 39.98 | 49.84 | 35.46 | 10.61 |
| Total debt | 239 | 17.75 | 36.54 | 67.48 | 79.09 | 92.65 | 75.60 |
| Total liabilities | 548 | 183 | 94.09 | 85.32 | 47.92 | 42.86 | 100 |
| Assets | |||||||
| Gross block | 158 | 82.01 | 72.06 | 71.63 | 58.25 | 58.23 | 58.16 |
| Net block | 99.74 | 27.76 | 21.44 | 24.54 | 20.75 | 24.40 | 28.87 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 44.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 27.67 | 8.31 | 12.72 | 7.82 | 14.95 | 11.98 | 25.08 |
| Sundry debtors | 118 | 131 | 59.90 | 25.32 | 19.76 | 40.22 | 110 |
| Cash & bank balances | 2.27 | 0.22 | 0.34 | 28.64 | 0.33 | 0.16 | 0.36 |
| Loans & advances | 222 | 9.05 | 18.84 | 9.46 | 8.46 | 8.33 | 7.99 |
| Total current assets | 370 | 149 | 91.80 | 71.24 | 43.50 | 60.69 | 143 |
| Total current liabilities | 18.00 | 14.84 | 43.99 | 35.14 | 39.12 | 71.70 | 83.85 |
| Net working capital | 352 | 134 | 47.81 | 36.10 | 4.38 | (11.01) | 59.60 |
| Total assets | 548 | 183 | 94.09 | 85.32 | 47.92 | 42.86 | 100 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.22 | 0.34 | 28.64 | 0.33 | 0.16 | 0.36 | 0.32 |
| Net cash from operating activities | (57.74) | (46.84) | (32.40) | (0.34) | (21.33) | (18.70) | 4.05 |
| Net cash from investing activities | (220) | (9.86) | (0.32) | (6.63) | 0.12 | 0.08 | 0.01 |
| Net cash from financing activities | 279 | 56.59 | 4.42 | 35.28 | 21.39 | 18.43 | (4.02) |
| Net change in cash | 2.05 | (0.12) | (28.30) | 28.31 | 0.17 | (0.20) | 0.03 |
| Closing cash | 2.27 | 0.22 | 0.34 | 28.64 | 0.33 | 0.16 | 0.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.1% | +82.0% | +142.7% | +99.0% | +59.3% | -80.6% | - |
| EBITDA growth | -84.3% | +211.7% | +188.9% | +57.7% | +88.4% | -533.3% | - |
| PBT growth | -57.2% | +702.0% | +9998.0% | - | +9998.0% | -489.0% | +27.2% |
| Net income growth | +25.2% | +127.6% | +158.8% | +115.3% | +85.5% | -443.4% | - |
| Revenue CAGR (3Y) | +73.4% | +106.4% | +97.4% | -14.9% | -48.6% | -49.1% | -28.0% |
| EBITDA CAGR (3Y) | - | - | - | -32.1% | -14.0% | +213.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +5.8% | +18.5% | +4.4% | +4.1% | -28.1% | -592.2% | -21.2% |
| Return on capital employed | - | +4.6% | +2.1% | +0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +4.8% | +2.8% | +3.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.24 | 1.39 | 0.00 | 0.00 | 0.00 | 2.44 |
| Long-term debt / equity | - | 0.24 | 1.32 | 0.00 | 0.00 | 0.00 | 0.20 |
| Interest cover | -102.07 | 0.53 | 14.29 | -4.74 | -4.09 | -7.14 | -32.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.29 | 1.35 | 0.61 | 0.34 | 0.22 | 1.11 |
| Inventory turnover | - | 16.75 | 9.42 | 3.50 | 1.49 | 0.68 | 2.22 |
| Debtors turnover | - | 1.84 | 2.27 | 1.77 | 0.67 | 0.17 | 0.59 |
| EPS (₹) | 0.15 | 0.55 | 0.10 | 0.05 | (0.36) | (4.71) | (0.86) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 2.78 | 1.37 | 0.53 | (1.99) | (3.17) | 1.51 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.13 | 53.62 | 45.81 | 39.81 | 28.90 | 41.46 | 35.89 | 48.54 |
| Revenue growth (YoY) | +87.3% | +29.3% | +27.6% | -18.0% | -35.6% | - | - | - |
| Other income | 0.46 | 14.04 | 0.40 | 0.19 | 0.71 | 0.69 | 1.71 | 0.65 |
| Total expenses | 48.93 | 57.16 | 44.38 | 38.51 | 25.70 | 38.76 | 33.94 | 45.78 |
| EBITDA | 5.20 | (3.54) | 1.43 | 1.30 | 3.20 | 2.70 | 1.95 | 2.76 |
| EBITDA margin | +9.6% | -6.6% | +3.1% | +3.3% | +11.1% | +6.5% | +5.4% | +5.7% |
| Depreciation | 0.97 | 1.01 | 1.03 | 1.05 | 1.07 | 1.02 | 0.87 | 0.90 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Profit before tax | 4.69 | 9.49 | 0.80 | 0.44 | 2.84 | 2.37 | 2.77 | 2.51 |
| Tax | 1.18 | 2.47 | 0.22 | 0.11 | 0.31 | (1.50) | 0.03 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 168 | 171 | 91.87 | 39.88 | 20.04 | 12.58 | 64.72 |
| Revenue growth | -1.6% | +85.9% | +130.4% | +99.0% | +59.3% | -80.6% | - |
| Other income | 15.36 | 27.85 | 4.35 | 7.00 | 14.11 | 0.23 | 8.75 |
| Total expenses | 166 | 160 | 88.33 | 43.92 | 29.58 | 94.46 | 77.65 |
| Employee cost | 0.00 | 1.43 | 1.32 | 1.04 | 2.62 | 2.16 | 4.59 |
| EBITDA | 2.37 | 10.86 | 3.54 | (4.04) | (9.54) | (81.88) | (12.93) |
| EBITDA margin | +1.4% | +6.4% | +3.9% | -10.1% | -47.6% | -650.9% | -20.0% |
| Depreciation | 4.16 | 3.63 | 3.52 | 2.92 | 3.67 | 4.54 | 5.54 |
| Interest | 0.02 | 0.04 | 0.01 | 0.33 | 0.54 | 6.17 | 5.96 |
| Profit before tax | 13.55 | 35.04 | 4.36 | (0.29) | 0.36 | (92.36) | (15.68) |
| Tax | 3.11 | 2.68 | 0.14 | (1.94) | 6.00 | (17.99) | (1.97) |
| Net profit | 10.44 | 9.43 | 4.22 | 1.65 | (10.81) | (74.37) | (13.71) |
| Net profit margin | +6.2% | +5.5% | +4.6% | +4.1% | -53.9% | -591.2% | -21.2% |
| EPS (₹) | 0.13 | 0.54 | 0.10 | 0.05 | (0.36) | (4.70) | (0.86) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 88.52 | 59.39 | 41.93 | 33.24 | 15.83 | 15.83 | 15.83 |
| Reserves & surplus | 213 | 106 | 15.43 | (15.57) | (47.29) | (65.97) | 8.05 |
| Shareholders' funds (net worth) | 301 | 165 | 57.36 | 17.67 | (31.46) | (50.14) | 23.88 |
| Secured loans | 0.00 | 0.00 | 0.00 | 27.50 | 29.25 | 57.19 | 64.99 |
| Unsecured loans | 15.37 | 17.20 | 36.53 | 39.98 | 49.84 | 35.46 | 10.61 |
| Total debt | 15.37 | 17.20 | 36.53 | 67.48 | 79.09 | 92.65 | 75.60 |
| Total liabilities | 317 | 182 | 94.02 | 85.32 | 47.92 | 42.87 | 100 |
| Assets | |||||||
| Gross block | 84.18 | 82.01 | 72.06 | 71.63 | 58.25 | 58.23 | 58.16 |
| Net block | 25.77 | 27.76 | 21.44 | 24.54 | 20.75 | 24.40 | 28.87 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 90.12 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 27.67 | 8.31 | 12.72 | 7.82 | 14.95 | 11.98 | 25.08 |
| Sundry debtors | 104 | 126 | 55.00 | 25.32 | 19.76 | 40.22 | 110 |
| Cash & bank balances | 1.87 | 0.15 | 0.32 | 28.64 | 0.33 | 0.16 | 0.36 |
| Loans & advances | 41.48 | 9.02 | 18.84 | 9.46 | 8.46 | 8.33 | 7.99 |
| Total current assets | 175 | 144 | 86.88 | 71.24 | 43.50 | 60.69 | 143 |
| Total current liabilities | 13.99 | 10.42 | 39.15 | 35.14 | 39.12 | 71.70 | 83.85 |
| Net working capital | 161 | 133 | 47.73 | 36.10 | 4.38 | (11.01) | 59.60 |
| Total assets | 317 | 182 | 94.02 | 85.32 | 47.92 | 42.87 | 100 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.15 | 0.32 | 28.64 | 0.33 | 0.16 | 0.35 | 0.32 |
| Net cash from operating activities | (30.91) | (46.34) | (32.40) | (0.34) | (21.33) | (11.23) | 4.05 |
| Net cash from investing activities | (91.18) | (9.87) | (0.33) | (6.63) | 0.12 | 0.08 | 0.01 |
| Net cash from financing activities | 124 | 56.05 | 4.41 | 35.28 | 21.39 | 10.95 | (4.02) |
| Net change in cash | 1.71 | (0.17) | (28.32) | 28.31 | 0.17 | (0.20) | 0.03 |
| Closing cash | 1.87 | 0.15 | 0.32 | 28.64 | 0.33 | 0.16 | 0.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -1.6% | +85.9% | +130.4% | +99.0% | +59.3% | -80.6% | - |
| EBITDA growth | -78.2% | +206.8% | +187.6% | +57.7% | +88.4% | -533.3% | - |
| PBT growth | -61.3% | +703.7% | +9998.0% | - | +9998.0% | -489.0% | +27.2% |
| Net income growth | +10.7% | +123.5% | +155.8% | +115.3% | +85.5% | -442.5% | - |
| Revenue CAGR (3Y) | +61.6% | +104.3% | +94.0% | -14.9% | -48.6% | -49.1% | -28.0% |
| EBITDA CAGR (3Y) | - | - | - | -32.1% | -14.0% | +213.4% | - |
| Profitability & leverage | |||||||
| Net income margin | +6.2% | +19.0% | +4.6% | +4.1% | -28.1% | -591.2% | -21.2% |
| Return on capital employed | - | +4.5% | +2.1% | +0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +4.6% | +2.7% | +3.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.24 | 1.39 | 0.00 | 0.00 | 0.00 | 2.44 |
| Long-term debt / equity | - | 0.24 | 1.32 | 0.00 | 0.00 | 0.00 | 0.20 |
| Interest cover | -1.12 | 0.55 | 50.00 | -4.74 | -4.09 | -7.14 | -32.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.22 | 1.28 | 0.61 | 0.34 | 0.22 | 1.11 |
| Inventory turnover | - | 16.24 | 8.95 | 3.50 | 1.49 | 0.68 | 2.22 |
| Debtors turnover | - | 1.89 | 2.29 | 1.77 | 0.67 | 0.17 | 0.59 |
| EPS (₹) | 0.13 | 0.54 | 0.10 | 0.05 | (0.36) | (4.70) | (0.86) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 2.78 | 1.37 | 0.53 | (1.99) | (3.17) | 1.51 |
To see the full year-wise statements and ratios of Shah Metacorp Limited, buy the company report.
Board of directors of Shah Metacorp Limited
Shah Metacorp has 8 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipali Manish Shah | Director | 24 Aug 2020 | 6 Years 2 Months | Current |
| Viral Mukundbhai Shah Also directs: Western Urja Private Limited, Shah Agrocorp Private Limited, Skytech Fintech Services Ifsc Private Limited and 1 more | Additional Director | 21 Jul 2026 | 0 Years 3 Months | Current |
| Mona Viral Shah Also directs: Western Urja Private Limited, Shah Agrocorp Private Limited, Skytech Fintech Services Ifsc Private Limited and 5 more | Director | 11 Feb 2022 | 4 Years 8 Months | Current |
| Hemang Harshadbhai Shah | Director | 13 Apr 2022 | 4 Years 6 Months | Current |
| Mahendra Kumar Shukla | Whole-Time Director | 11 Feb 2022 | 4 Years 8 Months | Current |
| Laxmi Shikandar Jaiswal Also directs: Shah Agrocorp Private Limited | Director | 25 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Shah Metacorp Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shah Metacorp Limitedthis company | ₹207.99 Cr (FY 2026) | ₹12.17 Cr | 5.9% | 18.1% | 4 | Kukarwada, Gujarat, India |
| Peb Structural Industries Private Limited | ₹180.63 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Bhiwadi Metal Rollwell Pvt. Ltd. | ₹179.77 Cr (FY 2025) | 29.0% | Alwar, Rajasthan, India | |||
| Quality Multimetals Private Limited | ₹179.69 Cr (FY 2025) | -12.0% | Mandi Gobindgarh, Punjab, India | |||
| A.N.J. Metal Recycling Private Limited | ₹179.31 Cr (FY 2025) | 12.0% | Fatehgarh Sahib, Punjab, India | |||
| C P Ispat Pvt Ltd | ₹178.89 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Sun Steel & Power Private Limited | ₹178.79 Cr (FY 2025) | 31.0% | Raigarh, Chhattisgarh, India | |||
| Sharda Ispat Limited | ₹178.55 Cr (FY 2025) | -22.0% | Nagpur, Maharashtra, India | |||
| KHK Alloys Private Limited | ₹178.54 Cr (FY 2025) | -4.0% | Ludhiana, Punjab, India | |||
| Hannu Steel Private Limited | ₹178.53 Cr (FY 2025) | -30.0% | Delhi, India |
To see the full peer comparison of Shah Metacorp Limited, buy the company report.
Auditor
Shah Metacorp Limited is audited by ASHOK DHARIWAL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK DHARIWAL & CO | FY 2023 | 100648W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 29.50%, foreign institutional investors hold 1.10%, domestic institutional investors hold 1.00% and retail and other public shareholders hold 68.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 29.50% | 29.20% | 29.20% | 29.20% |
| Public | 70.50% | 70.80% | 70.80% | 70.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2015 | 10576676 | State Bank of Patiala | ₹1.89 Cr | Satisfied | |
| 24 May 2010 | 10220016 | State Bank of Patiala | ₹30 Cr | Satisfied | |
| 14 Feb 2009 | 10147457 | Axis Bank Limited | ₹18.75 Cr | Satisfied | |
| 03 Jul 2008 | 10108803 | Sbi Factors & Commercial Services Private Limited | ₹10 Cr | Satisfied | |
| 01 Mar 2006 | 80027179 | Others | ₹35.91 Cr | Satisfied |
To see the full charge records of Shah Metacorp Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Shah Metacorp Limited has 118 deals on record (116 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹47.88 Cr; the latest was in August 2026.
Deals on record (5 of 118)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹3.03 Cr | Buyer: Dhanjit Real Trade LLP Seller: Dhanjit Real Trade LLP |
| Aug 2026 | Market trade | ₹8.86 Cr | Buyer: Dhanjit Real Trade LLP , Neo Apex Share Broking Services LLP Seller: Dhanjit Real Trade LLP , Neo Apex Share Broking Services LLP , an individual |
| Aug 2026 | Market trade | ₹5.46 Cr | Buyer: Dhanjit Real Trade LLP Seller: Dhanjit Real Trade LLP |
| Jul 2026 | Market trade | ₹3.57 Cr | Buyer: Skse Securities Limited Seller: Skse Securities Limited |
| Jul 2026 | Market trade | ₹2.52 Cr | Buyer: Dhanjit Real Trade LLP Seller: Dhanjit Real Trade LLP |
To see the full deal history of Shah Metacorp Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shah Metacorp Limited has 21 court cases on record: 14 filed by Shah Metacorp, 7 filed against it. 13 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 6 | 8 |
| High courts | 7 | 0 | 4 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Civil suit | Filed against the company by Jurisiti Legal LLP Through Its Partner | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by MSTC Limited | Disposed |
| Supreme Court | Court case | Filed by the company against Union of India | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed by the company against an individual | Pending |
| High Court of Gujarat | Court case (SCR.A) | Filed by the company against State of Gujarat | Pending |
To see the full case history of Shah Metacorp Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shah Metacorp Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Shah Metacorp has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Shah Agrocorp Private Limited | U46692GJ2024PTC148024 |
To see the full group structure of Shah Metacorp Limited, buy the company report.
Employees & EPFO
Shah Metacorp Limited has a workforce of 4 employees on its EPFO records as of Aug 13, 2025, across 1 active EPFO establishment.
GST
Shah Metacorp has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECS6731M1Z3 | Gujarat | Active | 01 Jul 2017 |
| 24AAECS6731M1DC | Gujarat | Active | 26 Dec 2024 |
To see the full GST registrations and return filing status of Shah Metacorp Limited, buy the company report.
Recent activity
Shah Metacorp Limited has 50 board changes on record since 1999: 30 appointments and 20 cessations. The latest: Sajjankumar Hetram Nanwal was appointed as Additional Director on 21 Jul 2026.
56 earlier events are in the company report.
News
Frequently asked questions
Shah Metacorp is an active public limited company based in Kukarwada, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 September 1999 (27+ years old) and is registered under CIN L46209GJ1999PLC036656. Listed on BSE: 533275 and NSE: SHAH.
Shah Metacorp reported revenue of ₹207.99 Cr for FY 2025-26 (up 18.1% YoY) based on consolidated financials.
Shah Metacorp has 8 current directors:
- Mahendra Kumar Shukla - Whole-Time Director
- Dipali Manish Shah - Director
- Viral Mukundbhai Shah - Additional Director
- Mona Viral Shah - Director
- Hemang Harshadbhai Shah - Director
- Laxmi Shikandar Jaiswal - Director
- Adityabhai Jagdishbhai Joshi - Director
- Sajjankumar Hetram Nanwal - Additional Director
The latest financial statements of Shah Metacorp on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shah Metacorp is 24AAECS6731M1Z3, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAECS6731M1DC (Gujarat).
The CIN (Corporate Identification Number) of Shah Metacorp is L46209GJ1999PLC036656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shah Metacorp is a listed company as per MCA records. Its shares are listed on both BSE (code: 533275) and NSE (symbol: SHAH).
Shah Metacorp has 21 court cases on record: 14 filed by the company and 7 filed against it. 13 are pending. Most are in the district courts.
Shah Metacorp was incorporated on 29 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shah Metacorp has 118 deals on record (116 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹47.88 Cr; the latest was in August 2026.
The peers of Shah Metacorp by revenue are Peb Structural Industries Private Limited, Bhiwadi Metal Rollwell Pvt. Ltd, Quality Multimetals Private Limited, A.N.J. Metal Recycling Private Limited, C P Ispat Pvt Ltd and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).

