Shah Alloys Limited (SHAHALLOYS) AI Stock Analysis

• Market Cap: ₹1.20B
• Dividend Yield: N/A
• Average Volume (3M): 2.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.83
• Revenue Growth: -55.15%
• EPS Growth: -85.48%
• Country: IN
• Employees: 539
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): -9.78
• Shares Outstanding: 19,797,540
• 10 Day Avg. Volume: 2,503
• 30 Day Avg. Volume: 2,976
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹57.00
• Price Target Upside: -4.17% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: ₹57.00 ▼(-4.17% Downside)

The overall stock score for Shah Alloys Limited is primarily driven by its poor financial performance, characterized by declining revenues, negative profitability, and high leverage. Technical analysis indicates a lack of strong momentum, and valuation metrics are unfavorable due to negative earnings and no dividend yield. These factors collectively result in a low overall stock score.

Shah Alloys Limited Business Overview & Revenue Model

Company Description

Shah Alloys Limited (SHAHALLOYS) is an Indian-based company that operates in the steel manufacturing sector. The company specializes in producing a wide range of steel products, including stainless steel, carbon steel, and alloy steel. With a focus on quality and innovation, Shah Alloys caters to various industries such as construction, automotive, and engineering, providing them with essential raw materials for manufacturing and infrastructure development.

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. The company is at financial risk due to negative stockholders' equity and a precarious financial position.

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

Shah Alloys Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 59.48 is below the 20-day moving average (MA) of 59.95, below the 50-day MA of 60.10, and below the 200-day MA of 61.63, indicating a neutral trend. The MACD of -0.76 indicates Positive momentum. The RSI at 51.71 is Neutral, neither overbought nor oversold. The STOCH value of 48.36 is Neutral, 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
HISARMETAL	63 Neutral	₹1.03B	37.55		0.50%	0.22%	-50.63%
ZENITHSTL	47 Neutral	₹1.15B	―		―	―	―
SALSTEEL	45 Neutral	₹1.33B	68.82		―	-5.98%	-1493.90%
Sector *	44 Neutral	AU$1.54B	-7.28	-26.52%	4.40%	-3.13%	-36.41%
SHAHALLOYS	41 Neutral	₹1.20B	―		―	-55.15%	-85.48%