Shah Alloys balance sheet

As of Sep 2026

Total assets: ₹203cr−25.7% on Sep 2025
Shareholders' equity: ₹108cr+47.7% on Sep 2025
Total debt: ₹62.0cr−21.9% on Sep 2025
Cash and investments: ₹0.2cr−8.3% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	49.5	50.5	57.1	67.0	73.0
	0.0	0.0	9.0	9.0	9.0
	48.8	48.8	52.8	—	41.3
	0.0	0.0	0.0	62.7	0.0
	0.0	8.0	0.0	—	0.0
	8.0	—	8.0	8.0	7.2
	8.0	8.0	8.0	—	7.2
	54.8	53.3	78.0	72.6	72.1
	2.9	2.4	2.7	2.6	1.8
	164	163	208	—	204
	19.4	19.4	30.1	82.0	109
	1.1	1.1	1.2	—	15.0
	0.2	1.1	2.6	0.2	0.2
	0.0	0.0	0.0	—	0.1
	17.8	22.1	0.0	—	—
	19.1	24.3	3.9	—	15.4
	0.5	0.4	1.1	1.6	—
	39.1	44.6	35.1	—	131
	203	208	243	313	335
Equity
	19.8	19.8	19.8	19.8	19.8
	88.6	92.6	20.5	47.0	45.0
	108	112	40.3	—	64.8
	108	112	40.3	—	64.8
Liabilities
	2.7	3.7	3.7	3.7	3.7
	4.3	5.3	5.2	—	19.7
	0.2	0.2	1.3	1.9	1.3
	4.5	5.5	6.5	—	21.0
	59.3	59.3	75.2	76.5	70.0
	1.2	1.3	76.4	113	124
	20.9	20.9	22.7	11.3	14.8
	81.4	81.5	174	—	209
	2.2	0.5	2.3	—	0.4
	6.7	7.8	19.3	34.8	40.0
	90.2	89.8	196	—	249
	94.7	95.3	202	—	270
	203	208	243	313	335
Assets — additional as-filed lines
	0.2	0.6	0.0	—	6.7
Liabilities — additional as-filed lines
	1.6	1.6	1.6	—	16.0
Trade payables — MSME split
	1.2	1.3	76.4	—	—
	1.6	1.6	1.6	—	—
Regulatory disclosures — filed alongside, not part of the B/S
	—	—	25.2	—	—
	—	—	25.2	—	—

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

SHAHALLOYS₹70.84

Shah Alloys Limited

· Capital Goods & Defence

₹ CrorePeersRUDRA VSTL VMSTMT INCREDIBLE MWL BEDMUTHA SMLT SHAHMcap ₹140 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	73.0	67.0	57.1	50.5	49.5
+ Capital Work-in-Progress	9.0	9.0	9.0	0.0	0.0
+ Investment Property	41.3	—	52.8	48.8	48.8
+ Non-current Investments	0.0	62.7	0.0	0.0	0.0
+ Long-term Loans	0.0	—	0.0	8.0	0.0
+ Other Non-current Financial Assets	7.2	8.0	8.0	—	8.0
Non-current Financial Assets	7.2	—	8.0	8.0	8.0
+ Deferred Tax Assets	72.1	72.6	78.0	53.3	54.8
+ Other Non-current Assets	1.8	2.6	2.7	2.4	2.9
Total Non-current Assets	204.4	—	207.6	163.0	164.1
Current Assets
+ Inventories	108.8	82.0	30.1	19.4	19.4
+ Trade Receivables	15.0	—	1.2	1.1	1.1
+ Cash & Cash Equivalents	0.2	0.2	2.6	1.1	0.2
+ Short-term Loans	0.1	—	0.0	0.0	0.0
+ Other Current Financial Assets	—	—	0.0	22.1	17.8
Current Financial Assets	15.4	—	3.9	24.3	19.1
+ Other Current Assets	—	1.6	1.1	0.4	0.5
Total Current Assets	130.8	—	35.1	44.6	39.1
Total Assets	335.2	312.9	242.7	207.6	203.1
Equity
+ Equity Share Capital	19.8	19.8	19.8	19.8	19.8
+ Other Equity / Reserves	45.0	47.0	20.5	92.6	88.6
Equity — Owners of Parent	64.8	—	40.3	112.4	108.4
Total Equity	64.8	—	40.3	112.4	108.4
Liabilities
+ Borrowings — Non-current	3.7	3.7	3.7	3.7	2.7
Non-current Financial Liabilities	19.7	—	5.2	5.3	4.3
+ Provisions — Non-current	1.3	1.9	1.3	0.2	0.2
Non-current Liabilities	21.0	—	6.5	5.5	4.5
+ Borrowings — Current	70.0	76.5	75.2	59.3	59.3
+ Trade Payables	124.2	113.4	76.4	1.3	1.2
+ Other Current Financial Liab	14.8	11.3	22.7	20.9	20.9
Current Financial Liabilities	208.9	—	174.3	81.5	81.4
+ Provisions — Current	0.4	—	2.3	0.5	2.2
+ Other Current Liabilities	40.0	34.8	19.3	7.8	6.7
Current Liabilities	249.4	—	195.9	89.8	90.2
Total Liabilities	270.4	—	202.4	95.3	94.7
Total Equity & Liabilities	335.2	312.9	242.7	207.6	203.1
Assets — additional as-filed lines
+ Current Tax Assets	6.7	—	0.0	0.6	0.2
Liabilities — additional as-filed lines
+ Trade Payables — Non-current	16.0	—	1.6	1.6	1.6
Trade Payables — MSME split
+ Dues to Other Creditors — Current	—	—	76.4	1.3	1.2
+ Dues to Other Creditors — Non-current	—	—	1.6	1.6	1.6
Regulatory Disclosures — filed alongside, not part of the B/S
Outstanding Loans / Revolving Facilities	—	—	25.2	—	—
+ of which in Default — Loans / Facilities	—	—	25.2	—	—

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.