Shah Alloys Ltd

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69.00-0.20 (-0.29%)

03:42 PM,23rd Feb 2024

69.00-1.80 (-2.54%)

04:01 PM,23rd Feb 2024

BSE : 513436


Sector : Metals & Mining

ISIN Code : INE640C01011

  • NSE
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Last Updated: Feb 23 2024 | 04:01 PM IST

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Shah Alloys Ltd

Incorporated in November 1990 Shah Alloys Limited went public in 1992. It was promoted by Rajendrabhai V Shah and Rajiniben R Shah. The Company is engaged in the manufacture of Stainless Steel Alloy & Special Steel Carbon/ Mild Steel and Armour Steel in Flat and Long products of which it makes Hot Rolled Coils Sheets & Plates Cold Rolled Coils & Sheets Hot Rolled Round Bars Bright Round Bars Hot Rolled Flat Bars Angles Beams etc.The company came out with a public issue in Dec.'92 to part-finance an expansion scheme and to meet long-term working capital requirements. The company has embarked on a Rs 6.53-cr project to manufacture stainless steel and other alloy products financed by GIIC. It has put up a hot plate rolling mill at a cost of Rs 36.75 cr. The company received the Dhatu Nayak Award for best performance in the stainless steel industry.During 1998-99 the Company implemented the project of captive power plant having capacity of 20 MW. The project was financed through term loans and internal cash accruals.Also in 2000-01 the company commissioned India's first 1800mm width Stainless Steel Slab Caster. The project of H R /S S Sheet /Coil was commissioned as per schedule. The company's ongoing diversification project of manufacturing of HR/SS Sheet/Coil was implemented during 2001-02.During 2001-02 Shah Steel & Industrial Gases Limited was amalgamated with the company and accordingly 20 equity shares of Shah alloys were issued and allotted to Shah Steel & Industrial Gases Ltd pursuant to the scheme which provided for the company to issue shares in the ratio of one Equity Shares of the company for every 35 equity shares of Shah Steel & Industrial Gases Ltd.The Company commenced the production of value added CRC Coils with the commencement of two Cold Rolling Mills (CRMs) in FY. 2005-06.During the year 2010-11 the Company was declared Sick Industrial Company under the provisions of Section 3(1)(0) of Sick Industrial Companies (Special Provisions) Act 1985.

Shah Alloys Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)-
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Book Value Share (₹) [S]37.68
P/B Ratio (₹) [S]1.83
[*C] Consolidated [*S] Standalone

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Share Price Returns

1 Week-0.06%-1.08%0.990.78%
1 Month-12.49%-12.33%3.944.59%
3 Month29.58%28.61%10.7912.17%
6 Month21.82%22.89%11.7814.24%
1 Year23.21%22.67%22.7126.85%
3 Year634.82%762.50%47.0251.03%

Company Info

Company Information

Chairman (Non-Executive) : Rajendra V Shah

Whole Time Director & CFO : Ashok A Sharma

Non-Exec. & Independent Dir. : G M Shaikh

Non-Exec. & Independent Dir. : Harshad Shah

Non-Exec. & Independent Dir. : Tejpal S Shah

Non-Exec. & Independent Dir. : Shefali M Patel

Company Sec. & Compli. Officer : Vinay Kumar Mishra

Whole-time Director : Mrinal Sinha

Whole-time Director : Prakash Patel

Company Sec. & Compli. Officer : Mayank Chadha

Registered Office: 5/1 Shreeji House 5th Floor, Behind M J Library Ashram Road,Ahmedabad,Gujarat-380006 Ph: