Shah Alloys Limited (SHAHALLOYS) AI Stock Analysis

• Market Cap: ₹1.37B
• Dividend Yield: N/A
• Average Volume (3M): 18.75K
• Price to Earnings (P/E): 0.9
• Beta (1Y): 1.75
• Revenue Growth: -76.23%
• EPS Growth: N/A
• Country: IN
• Employees: 539
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 19.43
• Shares Outstanding: 19,797,540
• 10 Day Avg. Volume: 1,629
• 30 Day Avg. Volume: 18,755
• PEG Ratio: -0.86
• Price to Book (P/B): -12.66
• Price to Sales (P/S): 0.37
• P/FCF Ratio: -20.80
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹58.00 ▼(-19.78% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

The overall stock score is primarily impacted by the company's poor financial performance, which poses significant risks. While technical indicators suggest positive momentum, the negative valuation metrics and lack of earnings call data or corporate events further weigh down the score.

Positive Factors

Manufacturing Capability

Established manufacturing and processing operations in stainless and alloy steels provide a durable operational backbone. This capability supports long-term customer relationships in industrial channels, enables scale benefits, and preserves core competency even through cyclical demand swings.

Negative Factors

Severe Revenue Decline

An ~81% reported revenue decline signals a structural collapse in volumes or realizations, drastically reducing scale. Such deterioration weakens fixed-cost absorption, erodes bargaining power with suppliers/customers, and makes restoring profitable operations materially more difficult without a clear turnaround.

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...

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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...

How the Company Makes Money

Shah Alloys Limited primarily makes money by selling steel and alloy products it manufactures and processes. Key revenue streams typically include (1) domestic sales to industrial users and distributors/stockists and (2) export sales to overseas c...

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Shah Alloys Limited primarily makes money by selling steel and alloy products it manufactures and processes. Key revenue streams typically include (1) domestic sales to industrial users and distributors/stockists and (2) export sales to overseas c...

Shah Alloys Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	846.20M	2.67B	5.92B	6.26B	8.80B	5.02B
Gross Profit	88.60M	115.20M	1.07B	475.00M	2.18B	900.04M
EBITDA	171.70M	-94.50M	-217.30M	57.41M	1.22B	570.72M
Net Income	73.20M	-197.20M	-186.48M	-44.90M	821.06M	-557.96M
Balance Sheet
Total Assets	1.90B	1.95B	2.57B	3.01B	3.16B	3.05B
Cash, Cash Equivalents and Short-Term Investments	235.00M	26.40M	2.21M	2.30M	2.45M	16.01M
Total Debt	793.70M	789.20M	801.93M	737.00M	1.17B	1.84B
Total Liabilities	2.00B	2.02B	2.46B	2.70B	2.89B	3.59B
Stockholders Equity	-102.60M	-76.90M	112.45M	305.10M	330.69M	-546.80M
Cash Flow
Free Cash Flow	-166.90M	-46.80M	-119.10M	445.00M	679.32M	569.20M
Operating Cash Flow	-166.90M	-45.00M	-65.21M	445.00M	679.32M	569.20M
Investing Cash Flow	170.00M	13.20M	37.69M	2.95M	3.39M	4.58M
Financing Cash Flow	-27.20M	56.00M	27.44M	-432.06M	-696.28M	-560.14M

Shah Alloys Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 72.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHAHALLOYS, the sentiment is Positive. The current price of 72.3 is above the 20-day moving average (MA) of 60.47, above the 50-day MA of 62.68, and above the 200-day MA of 66.09, indicating a bullish trend. The MACD of 0.80 indicates Negative momentum. The RSI at 66.53 is Neutral, neither overbought nor oversold. The STOCH value of 91.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SHAHALLOYS.

Shah Alloys Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HISARMETAL	60 Neutral	₹810.00M	16.16	―	0.61%	-1.81%	-45.95%
SALSTEEL	57 Neutral	₹4.70B	15.95	―	―	0.19%	-2962.74%
SHAHALLOYS	52 Neutral	₹1.37B	0.90	―	―	-76.23%	―
JOCIL	51 Neutral	₹904.55M	20.34	―	0.34%	―	―
ZENITHSTL	43 Neutral	₹845.15M	18.23	―	―	-36.62%	-37.94%

Shah Alloys Limited Corporate Events