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Shah Metacorp Ltd
(SHAH)
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Rating:43Neutral
Price Target:
₹4.00
▼(-16.14% Downside)
Action:Reiterated
Date:06/04/26
The score is held down primarily by weak financial quality—sharp leverage increase, negative operating profit in 2026, and structurally negative operating/free cash flow—followed by soft technical momentum (negative MACD, low RSI/Stoch). Valuation provides only modest support due to a high P/E and no dividend yield data.
Positive Factors
Revenue Growth
Sustained multi-year revenue expansion reflects durable demand or successful scale-up of the business model. Growing top line from ~200M to ~2.08B indicates capacity to capture market share and provides a platform to leverage fixed costs and improve long-term profitability if cash conversion stabilizes.
Negative Factors
Sharp leverage increase
Rapid debt accumulation materially raises refinancing and interest-rate exposure. Higher leverage constrains strategic options, increases fixed financial costs, and elevates default risk if operating performance or cash conversion deteriorates, making long-term recovery more dependent on cash flow improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue expansion reflects durable demand or successful scale-up of the business model. Growing top line from ~200M to ~2.08B indicates capacity to capture market share and provides a platform to leverage fixed costs and improve long-term profitability if cash conversion stabilizes.
Read all positive factors
Shah Metacorp Ltd (SHAH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.49B
Dividend YieldN/A
Average Volume (3M)499.08K
Price to Earnings (P/E)28.2
Beta (1Y)0.36
Revenue Growth18.07%
EPS Growth-77.65%
CountryIN
Employees96
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.09
Shares Outstanding982,374,200
10 Day Avg. Volume150,035
30 Day Avg. Volume499,077
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.24
Price to Sales (P/S)1.83
P/FCF Ratio-6.63
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...
How the Company Makes Money
null...
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 | 22.70M | 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
4.91
Negative
4.91
Negative
4.68
Negative
Market Momentum
-0.05
Negative
46.33
Neutral
21.19
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 4.56, below the 50-day MA of 4.91, and above the 200-day MA of 4.68, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 21.19 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹5.13B | 8.29 | ― | ― | 78.34% | 520.57% | |
62 Neutral | ₹4.81B | 13.93 | ― | ― | 23.77% | -27.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹4.32B | 55.40 | ― | ― | -11.93% | -43.86% | |
48 Neutral | ₹3.46B | 53.98 | ― | ― | 39.78% | -73.76% | |
43 Neutral | ₹4.49B | 28.21 | ― | ― | 18.07% | -77.65% |
* General Sector Average
IN:SHAH
Shah Metacorp Ltd
4.55
0.61
15.39%
IN:BEDMUTHA
Bedmutha Industries Limited
107.35
-39.85
-27.07%
IN:MANAKSTEEL
Manaksia Steels Ltd
76.22
14.11
22.72%
IN:SHIVAUM
Shiv Aum Steels Ltd.
416.65
114.65
37.96%
IN:SURAJLTD
Suraj Limited
235.00
-132.67
-36.08%
IN:VRAJ
Vraj Iron & Steel Ltd.
135.30
-36.30
-21.15%
Shah Metacorp Ltd Corporate Events
Shah Metacorp Rectifies Rights Issue Timeline, Confirms Key Terms and Dates
May 29, 2026
Shah Metacorp Ltd has clarified that a minor error in its earlier disclosed rights issue timeline has been rectified without any material change to previously communicated terms. The company is proceeding with a rights issue of 102,468,139 fully p...
Shah Metacorp Files SEBI Dematerialisation Compliance Certificate for March Quarter
Apr 6, 2026
Shah Metacorp Ltd has reported to the Bombay Stock Exchange and the National Stock Exchange that it has received a confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended ...
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.