Shah Metacorp (SHAH)₹2.86−0.69%Iron & Steel Products
In the Jun 2026 quarter (consolidated), Shah Metacorp reported sales of ₹57.15 Cr, up 97.7% from Jun 2025, and net profit of ₹3.53 Cr, up 41.2% year on year. For the year to Mar 2026, sales were ₹208 Cr and net profit ₹12.01 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21.34 | 12.90 | 46.24 | 46.27 | 48.50 | 39.82 | 41.45 | 28.91 | 66.76 | 50.00 | 62.29 | 57.15 |
| Expenses | 20.71 | 11.42 | 44.02 | 42.74 | 45.69 | 37.47 | 38.76 | 25.68 | 64.99 | 48.83 | 66.31 | 52.32 |
| Operating Profit | 0.58 | 1.48 | 2.17 | 3.44 | 2.73 | 2.30 | 2.63 | 3.15 | 1.67 | 1.08 | −4.14 | 4.73 |
| OPM % | 2.8% | 11.5% | 4.8% | 7.5% | 5.7% | 5.8% | 6.4% | 11.0% | 2.5% | 2.2% | −6.6% | 8.3% |
| Other Income | 1.10 | 0.22 | 0.18 | 24.92 | 0.66 | 1.72 | 0.70 | 0.72 | 0.64 | 1.89 | 16.86 | 1.20 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.33 | 1.00 | 1.13 | 0.28 |
| Depreciation | 0.93 | 0.87 | 0.80 | 0.84 | 0.89 | 0.86 | 1.01 | 1.06 | 1.05 | 1.04 | 1.03 | 0.98 |
| Profit before tax | 0.77 | 0.81 | 1.57 | 27.51 | 2.50 | 3.13 | 2.31 | 2.81 | 0.92 | 0.94 | 10.52 | 4.70 |
| Tax % | 0.0% | 3.7% | 5.1% | 15.0% | 0.8% | 3.8% | −65.3% | 11.0% | 12.1% | 23.6% | 23.5% | 25.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 21.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.77 | 0.78 | 1.49 | 23.35 | 2.48 | 3.01 | 3.80 | 2.50 | 0.81 | 0.73 | 8.15 | 3.53 |
| EPS (Rs) | 0.01 | 0.01 | 0.02 | 0.49 | 0.03 | 0.04 | 0.05 | 0.02 | 0.00 | 0.02 | 0.09 | 0.03 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 164 | 173 | 94.96 | 148 | 65.02 | 13.01 | 19.98 | 39.99 | 96.92 | 176 | 208 | 236 |
| Expenses | 162 | 161 | 97.86 | 157 | 77.87 | 93.76 | 29.95 | 43.90 | 92.83 | 165 | 206 | 232 |
| Operating Profit | 2.01 | 11.99 | −2.99 | −8.99 | −12.99 | −81.91 | −9.99 | −3.99 | 3.99 | 10.99 | 1.99 | 3.34 |
| OPM % | 1.5% | 7.0% | −2.8% | −6.0% | −20.0% | −651.0% | −47.9% | −9.9% | 3.7% | 6.0% | 0.8% | 1.4% |
| Other Income | 5.02 | 0.00 | 0.00 | 1.01 | 9.03 | 0.00 | 14.03 | 7.02 | 4.01 | 28.10 | 20.08 | 20.59 |
| Interest | 11.99 | 11.99 | 9.99 | 6.99 | 5.99 | 5.99 | 0.99 | 0.00 | 0.00 | 0.00 | 1.99 | 2.74 |
| Depreciation | 10.99 | 9.01 | 8.01 | 7.01 | 6.01 | 5.01 | 3.99 | 3.01 | 4.01 | 3.99 | 4.01 | 4.10 |
| Profit before tax | −15.03 | −9.02 | −21.05 | −22.04 | −16.04 | −92.24 | 0.00 | 0.00 | 4.01 | 35.07 | 15.04 | 17.08 |
| Tax % | −13.1% | −35.0% | −14.0% | −6.0% | −13.0% | −19.0% | 1,622.0% | −669.0% | 3.0% | 8.0% | 21.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | −5.68 | 0.00 | 0.00 | 5.18 | 0.00 | 0.00 | 22.90 | 0.00 | 0.00 |
| Net Profit | −13.01 | −6.01 | −18.01 | −20.02 | −14.01 | −74.05 | −5.99 | 2.01 | 4.01 | 33.02 | 12.01 | 13.22 |
| EPS (Rs) | −0.37 | −0.17 | −0.49 | −0.54 | −0.38 | −2.02 | −0.16 | 0.05 | 0.08 | 0.48 | 0.13 | 0.14 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.98 | 15.97 | 15.96 | 15.96 | 15.95 | 15.96 | 15.98 | 15.96 | 32.93 | 41.91 | 58.90 | 88.77 |
| Reserves | 76.77 | 63.75 | 59.76 | 41.83 | 21.92 | 7.97 | −65.91 | −46.97 | −16.00 | 14.94 | 106 | 216 |
| Borrowings | 86.20 | 96.24 | 101 | 82.07 | 74.03 | 76.01 | 93.11 | 79.07 | 67.00 | 37.05 | 18.05 | 239 |
| Other Liabilities | 68.66 | 66.74 | 74.65 | 88.58 | 85.60 | 84.59 | 71.65 | 38.82 | 34.83 | 43.79 | 14.93 | 20.90 |
| Total Liabilities | 247 | 242 | 252 | 228 | 198 | 184 | 115 | 86.88 | 120 | 138 | 198 | 565 |
| Fixed Assets | 61.20 | 56.15 | 48.12 | 42.10 | 34.08 | 29.08 | 24.08 | 21.06 | 25.08 | 21.06 | 28.06 | 100 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 44.13 |
| Other Assets | 186 | 186 | 203 | 186 | 163 | 154 | 89.75 | 65.82 | 95.68 | 117 | 169 | 420 |
| Inventories | 47.04 | 46.09 | 40.05 | 42.04 | 33.04 | 25.06 | 12.02 | 15.02 | 8.01 | 13.01 | 8.01 | 28.04 |
| Trade receivables | 97.88 | 109 | 134 | 112 | 110 | 110 | 39.93 | 19.98 | 24.97 | 59.90 | 131 | 118 |
| Cash & equivalents | 3.01 | 3.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 29.07 | 0.00 | 0.00 | 2.01 |
| Total Assets | 247 | 242 | 252 | 228 | 198 | 184 | 115 | 86.88 | 120 | 138 | 198 | 565 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | −6.99 | −2.99 | 3.99 | 19.98 | 7.99 | 3.99 | −18.98 | −20.99 | 0.00 | −31.96 | −46.91 |
| Cash from investing activity | — | 4.99 | 3.99 | −1.99 | −1.99 | 0.99 | 0.00 | 0.00 | 0.00 | −6.99 | 0.00 | −9.99 |
| Cash from financing activity | — | −3.01 | −0.99 | −0.99 | −18.98 | −8.99 | −4.01 | 17.99 | 21.01 | 35.01 | 3.99 | 56.99 |
| Net cash flow | — | −6.01 | −1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.01 | −28.01 | 0.00 |
| Capex | 8.82 | 21.57 | 6.30 | 2.43 | 1.99 | 0.00 | 0.16 | 0.08 | 0.03 | 6.72 | 0.44 | 9.97 |
| Free cash flow | — | −28.91 | −8.96 | 0.99 | 17.92 | 8.96 | 3.98 | −18.94 | −20.92 | −6.98 | −32.87 | −56.78 |
| CFO / OP % | — | −48.9% | −109.9% | 36.1% | −797.0% | −88.9% | −30.9% | 23.1% | 223.1% | 8.0% | −902.9% | −417.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 197 | 242 | 282 | 430 | 272 | 620 | 1,167 | 360 | 232 | 226 | 272 | 208 |
| Inventory days | 115 | 121 | 113 | 203 | 89 | 154 | 186 | 294 | 73 | 53 | 18 | 58 |
| Days payable | 105 | 101 | 154 | 188 | 141 | 271 | 391 | 404 | 157 | 104 | 31 | 34 |
| Cash conversion cycle | 208 | 262 | 241 | 445 | 220 | 503 | 962 | 250 | 148 | 175 | 259 | 231 |
| Working capital days | 67 | 88 | 68 | 37 | −3 | −54 | −2,097 | 9 | 21 | 178 | 276 | 613 |
| ROCE % | 6.0% | −2.0% | 2.0% | −7.0% | −7.0% | −9.0% | −121.0% | −23.0% | 0.0% | 5.0% | 8.0% | 5.0% |
For the Jun 2026 quarter, Shah Metacorp reported sales of ₹57.15 Cr, up 97.7% year on year and net profit of ₹3.53 Cr, up 41.2% year on year. The operating margin was 8.3%.
Shah Metacorp's sales for the year to Mar 2026 were ₹208 Cr; over the last twelve months they were ₹236 Cr.
Net profit for the year to Mar 2026 was ₹12.01 Cr, and ₹13.22 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.14.
Shah Metacorp reported borrowings of ₹239 Cr at Mar 2026, against cash and equivalents of ₹2.01 Cr.
Cash from operations was −₹46.91 Cr in the year to Mar 2025; after capital spending, free cash flow was −₹56.78 Cr.