| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 0.0 | 3.0 | −100.0% |
| EBITDA | −1.0 | −0.9 | — |
| Profit before tax | −2.6 | 36.7 | — |
| Net profit | −1.9 | 35.8 | — |
| EPS | −₹0.93 | ₹18.07 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 140 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.2 | 1.1 | 2.6 | 0.2 | 0.2 | ||
| 63.0 | 63.0 | 78.9 | 80.2 | 73.7 | ||
| 203 | — | — | — | — | ||
| 10.7 | 37.3 | 267 | — | 626 | ||
| — | −86.0% | — | — | — | ||
| 4.1 | 5.0 | −20.1 | — | 4.0 | ||
| 38.8% | 13.4% | −7.5% | — | 0.6% | ||
| −1.1 | −1.6 | −29.3 | — | −4.9 | ||
| 39.0 | 72.6 | −27.3 | — | 6.7 | ||
| 365.4% | 194.8% | −10.2% | — | 1.1% | ||
| ₹19.69 | ₹36.67 | −₹13.78 | — | ₹3.37 | ||
| — | +366.0% | — | — | — | ||
| — | −71.0 | −4.5 | — | 44.5 | ||
| — | −0.6 | −0.2 | — | 0.0 | ||
| −71.6 | −71.6 | −4.7 | — | 44.5 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 140.3 | |
| - Cash, Equiv & ST Investments | 0.2 | 0.2 | 2.6 | 1.1 | 0.2 | |
| + Total Debt | 73.7 | 80.2 | 78.9 | 63.0 | 63.0 | |
| Enterprise Value | — | — | — | — | 203.0 | |
| Revenue | 626.3 | — | 266.5 | 37.3 | 10.7 | |
| Growth %, YoY | — | — | — | -86.0 | — | |
| EBITDA | 4.0 | — | -20.1 | 5.0 | 4.1 | |
| Margin % | 0.64 | — | -7.53 | 13.36 | 38.80 | |
| EBIT | -4.9 | — | -29.3 | -1.6 | -1.1 | |
| Net Income | 6.7 | — | -27.3 | 72.6 | 39.0 | |
| Margin % | 1.07 | — | -10.24 | 194.79 | 365.42 | |
| EPS, Adj (current shares) | 3.37 | — | -13.78 | 36.67 | 19.69 | |
| Growth %, YoY | — | — | — | +366.0 | — | |
| Cash from Operations | 44.5 | — | -4.5 | -71.0 | — | |
| Capital Expenditures | -0.0 | — | -0.2 | -0.6 | — | |
| Free Cash Flow | 44.5 | — | -4.7 | -71.6 | -71.6 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Shah Alloys (NSE: SHAHALLOYS) had a market capitalisation of ₹141 crore at the 30 October 2026 close (₹71.36 a share), a PE ratio of 3.6 on the last four quarters' profit and a price-to-book ratio of 1.30. In FY26 its standalone net profit was ₹72.6 crore on revenue of ₹37.3 crore; in Q2 FY27 (July–September 2026) it was a loss of ₹1.9 crore. Its debt-to-equity ratio was 0.57 on 30 September 2026. Promoters held 53.75% of the shares on 30 September 2026.
Shah Alloys' PE ratio is 3.6 at the 30 October 2026 close (₹71.36 a share): a market capitalisation of ₹141 crore divided by standalone net profit of ₹39 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹72.6 crore) it is 1.9. These four quarters include net exceptional items of ₹61.6 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
Shah Alloys' price-to-book (PB) ratio is 1.30 at the 30 October 2026 close: a market capitalisation of ₹141 crore divided by shareholders' equity (book value) of ₹108 crore on 30 September 2026. That is a book value of ₹54.76 per share against a share price of ₹71.36.
In FY26, Shah Alloys' return on equity (ROE) was 95.1% and its return on capital employed (ROCE) was −1.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
Shah Alloys' market capitalisation was ₹141 crore at the 30 October 2026 close: 1.98 crore shares at ₹71.36 each.
No. Shah Alloys had borrowings of ₹62 crore on 30 September 2026 (standalone balance sheet), a debt-to-equity ratio of 0.57. Its cash and current investments were ₹22 lakh, so its net debt was ₹61.8 crore.
Shah Alloys' basic earnings per share (EPS) were ₹36.67 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹19.69.
Shah Alloys' debt-to-equity ratio was 0.57 on 30 September 2026: borrowings of ₹62 crore against total equity of ₹108 crore. A year earlier, on 30 September 2025, it was 1.08.
Promoters held 53.75% of Shah Alloys on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Shah Alloys generated ₹71 crore of cash from operations and spent ₹59 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹71.6 crore. In FY25 it was −₹4.7 crore.
Shah Alloys' net worth — shareholders' equity in its standalone balance sheet — was ₹108 crore on 30 September 2026, up 47.7% from ₹73.4 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹141 crore at the 30 October 2026 close.
Shah Alloys' book value per share was ₹54.76 on 30 September 2026: shareholders' equity of ₹108 crore divided by the 1.98 crore shares in issue, up 47.7% from ₹37.09 a year earlier. The share price at the 30 October 2026 close was ₹71.36.
On 30 September 2026, Shah Alloys' shares were held by promoters 53.75%, foreign portfolio investors (FII/FPI) 0.00% and retail and other non-institutional investors 46.25%. Over the year, FII holding was down 0.03 percentage points from 0.03%.
Shah Alloys' latest results are for Q2 FY27 (July–September 2026), filed on 30 October 2026: standalone net loss ₹1.9 crore, against a profit of ₹35.8 crore in Q2 FY26.
In FY26 (April 2025–March 2026), Shah Alloys' standalone net profit was ₹72.6 crore, against a loss of ₹27.3 crore in FY25, on revenue from operations of ₹37.3 crore (down 86.0%). Over three years, from FY23, net profit was up 988.5%.
Shah Alloys has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 standalone figures, against Rudra Global Infra Products, Vibhor Steel Tubes and VMS TMT: Shah Alloys' operating margin of −4.2% is the lowest of the four (Rudra Global Infra Products 5.2%, Vibhor Steel Tubes 2.3%, VMS TMT 6.1%; peer average 4.5%); its return on equity of 95.1% is the highest of the four (Rudra Global Infra Products 9.7%, Vibhor Steel Tubes 4.6%, VMS TMT 9.2%; peer average 7.8%).
At the 30 October 2026 closing prices, on FY26 net profit, Shah Alloys' PE ratio is 1.9, the lowest of the four: Rudra Global Infra Products 13.1, Vibhor Steel Tubes 20.8 and VMS TMT 10.0, a peer average of 14.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Shah Alloys earned net profit of ₹72.6 crore on revenue of ₹37.3 crore, against ₹13.5 crore on ₹623 crore for Rudra Global Infra Products. Shah Alloys' operating margin was −4.2% (Rudra Global Infra Products 5.2%) and its return on equity 95.1% (Rudra Global Infra Products 9.7%). At the 30 October 2026 close, Shah Alloys' market capitalisation was ₹141 crore against ₹177 crore for Rudra Global Infra Products, and its PE ratio on FY26 profit 1.9 against 13.1.
From Shah Alloys' own standalone results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Standalone figures from the company's filings with NSE; prices are NSE closing prices.