Shah Metacorp share price, P/E, ROE & financials

Shah Metacorp (SHAH) had a P/E of 18.7× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 52% below their 52-week high. It earns ROCE of 3.2% and ROE of 5.2%, and sales and net profit grew 73% and 94% a year over 3 years. Debt is 0.78× equity. It is a small-cap company with a market cap of ₹288 Cr, ranked 82nd of 150 Steel companies by market cap; the shares fell 36% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹2.98
Day high: ₹2.99
Day low: ₹2.78
Prev. close: ₹2.92
Volume: 6.8 L

Health check

1 good · 2 fair · 3 to check

ReturnsBehind
−35.7% over a year, better than 0 of 7 peers.
Price tagIn line
P/E 18.7 vs industry 19.9.
GrowthStrong
Sales +73.4%, profit +94.3% a year over 3 years.
ProfitabilityWeak
ROCE 3.2% vs peer median 18.7%.
Balance sheetFair
Debt 0.78× equity, interest covered 8.9×.
Red flags2 to check
Return on equity is low at 5.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹288 Cr, #82 of 150 in its industry by size.

Defensive

Beta 0.71 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹237 Cr · profit ₹13 Cr

Market cap: ₹288 Cr; Small cap
P/E: 18.7; Industry 19.9
Price to book: 0.85; Peers 2.28
Dividend yield: 0.00%
ROE: 5.2%; Peers 23.4%
ROCE: 3.2%; Peers 18.7%
Debt to equity: 0.78; Debt ₹239 Cr
EPS (TTM): ₹0.15; Face value ₹1
OPM (TTM): 1.4%; Net margin 5.6%
Sales growth: +97.9%; Latest quarter vs a year ago
Profit growth: +41.2%; Latest quarter vs a year ago
Price to sales: 1.22; EV/EBITDA 119.8

Strengths

Quarterly profit up 41.2% on a year ago.
Quarterly sales up 97.9% on a year ago.
Promoter stake up from 29.5% to 32.5%.

Risks to check

Return on equity is low at 5.2%.
52% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Shah Metacorp

Shah Metacorp Limited manufactures and sells stainless steel and mild steel long products in India. The company offers stainless steel products, including equal angle bars, bright bars, flat bars, flats, and ingots. It also provides mild steel products, such as mild steel angle bars. The company also exports its products. The company was formerly known as Gyscoal Alloys Limited and changed its name to Shah Metacorp Limited in June 2023. Shah Metacorp…

Headquarters: Ahmedabad
Employees: 73
Sector: Basic Materials
ISIN: INE482J01021
Website: shahmetacorp.com

Price range

52 weeks

₹2.20₹5.88

Today

₹2.78₹2.99

Avg volume (3M): 49.5 L
1-year return: minus 35.7%
From 52-week high: minus 52.2%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
SHAHShah Metacorp	2.81	minus 3.77%	288	18.7	–	–	1.4%	0.78	–	minus 35.7%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
28.9	66.8	50	62.3	57.2
25.7	65.1	49	66.4	52.5
3.2	1.6	1.1	−4.1	4.7
11.0%	2.5%	2.2%	−6.7%	8.3%
0.7	0.6	1.9	16.9	1.2
0	0.3	1	1.1	0.3
1.1	1.1	1	1	1
2.8	0.9	0.9	10.6	4.7
11.1%	12.5%	23.1%	23.3%	25.3%
2.5	2.1	0.7	8.3	3.5
0.04	0.01	0.01	0.09	0.04

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +73.4%
Profit CAGR 3Y: +94.3%
EPS CAGR 3Y: +4.3%
ROE: 5.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
39.9	96.7	176	208
–	+142.7%	+82.1%	+18.1%
43.9	93.2	165	186
−4	3.6	11.2	21.9
−10.1%	3.7%	6.3%	10.5%
7	4.3	3	20.1
0.3	0	0	2.5
2.9	3.5	3.6	4.2
−0	–	24.8	−20.1
−0.3	4.4	35.4	15.3
675.0%	3.2%	7.8%	20.4%
1.7	4.3	32.6	12.1
–	+157.8%	+664.7%	minus 62.8%
0.13	0.11	0.61	0.15

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
33.2	41.9	59.4	88.5
−15.6	15.5	106	217
67.5	36.5	17.7	239
35.3	44.1	15	21.4
120	138	198	566
25.2	22.1	28.3	48
0.7	0.7	0.5	22.2
1.1	1.2	1.2	54
28.6	0.3	0.2	2.3
64.8	114	168	439
120	138	198	566

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−0.3	−32.4	−46.8	−57.7
−6.6	−0.3	−9.9	−220
35.3	4.4	56.6	279
28.3	−28.3	−0.1	2
−6.7	−0.4	−10	−2.2
−7	−32.8	−56.8	−59.9

Shareholding pattern

Source: NSE filings

32.5%

promoters

Promoters32.51%
Public67.49%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	32.51%	67.49%	0.00
16 Sep 2026	32.51%	67.49%	plus 0.43
10 Sep 2026	32.08%	67.92%	plus 1.88
16 Jul 2026	30.20%	69.80%	plus 0.71
30 Jun 2026	29.49%	70.51%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you