Shah Metacorp Ltd (SHAH) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	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	21.33	12.91	46.28	46.29	48.54	39.86	41.46	28.90	66.77	50.04	62.28	57.20
Expenses	20.74	11.44	44.10	42.84	45.80	37.55	38.82	25.74	65.11	48.95	66.43	52.46
Operating Profit	0.59	1.47	2.18	3.45	2.74	2.31	2.64	3.16	1.66	1.09	-4.15	4.74
OPM %	2.77%	11.39%	4.71%	7.45%	5.64%	5.80%	6.37%	10.93%	2.49%	2.18%	-6.66%	8.29%
Other Income	1.09	0.21	0.17	24.85	0.65	1.71	0.69	0.71	0.63	1.88	16.80	1.19
Interest	0.00	0.00	0.00	0.01	0.00	0.03	0.01	0.00	0.32	1.01	1.14	0.27
Depreciation	0.92	0.88	0.79	0.83	0.90	0.87	1.02	1.07	1.06	1.03	1.02	0.97
Profit before tax	0.76	0.80	1.56	27.46	2.49	3.12	2.30	2.80	0.91	0.93	10.49	4.69
Tax %	0.00%	3.75%	5.13%	15.00%	0.80%	3.85%	-65.22%	11.07%	12.09%	23.66%	23.55%	25.16%
Net Profit	0.76	0.77	1.48	23.34	2.47	3.00	3.79	2.49	0.80	0.72	8.14	3.52
EPS in Rs	0.02	0.02	0.03	0.50	0.04	0.05	0.06	0.03	0.01	0.01	0.08	0.04

	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	95	148	65	13	20	40	97	176	208	236
Expenses	162	161	98	157	78	94	30	44	93	165	206	233
Operating Profit	2	12	-3	-9	-13	-82	-10	-4	4	11	2	3
OPM %	1.5%	7%	-2.8%	-6%	-20%	-651%	-48%	-10%	3.7%	6%	0.8%	1.4%
Other Income	5	0	0	1	9	0	14	7	4	28	20	20
Interest	12	12	10	7	6	6	1	0	0	0	2	3
Depreciation	11	9	8	7	6	5	4	3	4	4	4	4
Profit before tax	-15	-9	-21	-22	-16	-92	0	-0	4	35	15	17
Tax %	-13%	-35%	-14%	-6%	-13%	-19%	1,622%	-669%	3%	8%	20%
Net Profit	-13	-6	-18	-20	-14	-74	-6	2	4	33	12	13
EPS in Rs	-0.36	-0.16	-0.48	-0.55	-0.37	-2.01	-0.15	0.04	0.09	0.49	0.12	0.14
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	2%	75%	73%	49%
Compounded Profit Growth	11%	17%	95%	12%
Stock Price CAGR	-9%	11%	6%		-14%
Return on Equity	%	%	6%			5%

	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	16	16	16	16	16	16	16	16	33	42	59	89
Reserves	77	64	60	42	22	8	-66	-47	-16	15	106	217
Borrowings	86	96	101	82	74	76	93	79	67	37	18	239
Other Liabilities	69	67	75	89	86	85	72	39	35	44	15	21
Total Liabilities	247	242	252	229	198	184	115	87	120	138	198	566
Fixed Assets	61	56	48	42	34	29	24	21	25	21	28	100
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	44
Other Assets	187	186	204	187	164	155	90	66	96	117	170	421
Total Assets	247	242	252	229	198	184	115	87	120	138	198	566

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-7	-3	4	20	8	4	-19	-21	-0	-32	-47	-58
Cash from Investing Activity	5	4	-2	-2	1	0	0	0	-7	-0	-10	-220
Cash from Financing Activity	-3	-1	-1	-19	-9	-4	18	21	35	4	57	279
Net Cash Flow	-6	-1	1	-0	-0	0	-0	0	28	-28	-0	2
Free Cash Flow	-29	-9	1	18	9	4	-19	-21	-7	-33	-57	-60
CFO/OP	-49%	-110%	36%	-797%	-89%	-31%	23%	223%	8%	-903%	-418%	-3,291%

	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	116	122	114	204	90	155	187	295	74	54	19	59
Days Payable	105	101	154	188	141	271	391	404	157	104	31	34
Cash Conversion Cycle	209	263	242	446	221	504	963	251	149	176	260	232
Working Capital Days	68	89	69	38	-2	-53	-2,096	10	22	179	277	614
ROCE %	6%	-2%	2%	-7%	-7%	-9%	-121%	-23%	0%	5%	8%	5%

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	36.17%	36.20%	36.18%	29.81%	30.88%	30.88%	33.17%	29.15%	29.15%	29.15%	29.48%	32.51%
FIIs	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	1.09%	1.04%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.04%	0.04%	0.04%	1.02%	0.97%
Public	63.84%	63.80%	63.81%	70.13%	69.13%	69.13%	66.78%	70.81%	70.79%	70.81%	68.40%	65.46%
No. of Shareholders	54,368	66,903	82,357	1,08,503	1,12,713	1,19,847	1,23,404	1,19,898	1,15,455	1,11,672	1,09,781	1,09,781

Fundamentals

Market Cap₹ 312 Cr.

Current Price₹ 3.15

Stock P/E23.7

Book Value₹ 3.09

ROCE4.85 %

ROE5.16 %

Dividend Yield0.00 %

Face Value₹ 1.00

Compounded Sales Growth (TTM)49%

Compounded Profit Growth (TTM)12%

Consolidated figures.

Valuation

Market capRs 268 Cr

Enterprise valueRs 505 Cr

P/E (TTM)20.37x

Price to book0.88x

Price to sales1.14x

EV / EBITDA21.18x

EV / EBIT25.56x

EV / sales2.14x

Earnings yield4.91%

P/E, 3-year average22.53x

P/B, 3-year average1.50x

P/E, 5-year average29.18x

P/B, 5-year average1.53x

Profitability

Operating margin (excl. other income)0.84%

Operating margin (incl. other income)10.52%

EBITDA margin10.09%

Pre-tax margin7.20%

Net profit margin5.57%

Net margin, latest quarter6.08%

ROE5.16%

ROCE4.87%

ROA3.18%

ROE, 3-year average15.26%

ROCE, 3-year average11.78%

ROA, 3-year average8.62%

ROE, 5-year average7.13%

ROCE, 5-year average7.49%

ROA, 5-year average4.37%

ROIC (approx.)2.90%

Tax rate20.46%

Other income / net worth6.60%

Growth

Sales growth (latest year)18.07%

Profit growth (latest year)-62.76%

Sales CAGR, 3 years73.42%

Sales CAGR, 5 years75.26%

Profit CAGR, 3 years94.50%

Sales growth QoQ-8.16%

Profit growth QoQ-58.02%

Sales growth YoY (latest quarter)97.92%

Profit growth YoY (latest quarter)39.76%

Per share

EPS (TTM)Rs 0.15

EPS (latest year)Rs 0.14

EPS (latest quarter)Rs 0.04

EPS, 3-year averageRs 0.26

EPS, 5-year averageRs 0.10

Book value per shareRs 3.45

Sales per shareRs 2.67

Cash flow per shareRs -0.65

Free cash flow per shareRs -0.68

Efficiency

Asset turnover0.37x

Fixed asset turnover2.09x

Inventory turnover6.43x

Inventory days57 days

Debtor days208 days

Debtors turnover1.76x

Creditor days34 days

Cash conversion cycle232 days

Working capital days614 days

Leverage

Total debtRs 239 Cr

Cash and bankRs 2 Cr

Net debtRs 237 Cr

Debt to equity0.78x

Net debt / EBITDA9.93x

Interest coverage7.21x

Current ratio (filing 2026-03-31)20.58x

Quick ratio (filing 2026-03-31)19.05x

Trade payables (filing 2026-03-31)Rs 16 Cr

Owners' fund to total sources53.95%

Debt to assets42.27%

Cash flow

Cash from Operating Activity (latest year)Rs -58 Cr

Cash from Investing Activity (latest year)Rs -220 Cr

Cash from Financing Activity (latest year)Rs 279 Cr

Net Cash Flow (latest year)Rs 2 Cr

Free cash flow (latest year)Rs -60 Cr

FCFE (approx.: FCF + change in debt)Rs 161 Cr

Cash from ops / profit, 5 years-3.51x

Statement figures

Net sales (TTM)Rs 236 Cr

Net sales (latest year)Rs 208 Cr

Sales (latest quarter)Rs 57 Cr

Operating profit excl. other income (latest year)Rs 2 Cr

Operating profit (latest quarter)Rs 5 Cr

Other income (TTM)Rs 20 Cr

EBITDA (TTM)Rs 24 Cr

PBDT (TTM)Rs 21 Cr

Profit before tax (TTM)Rs 17 Cr

Tax (latest year)Rs 3 Cr

Net profit (TTM)Rs 13 Cr

Net profit (latest year)Rs 12 Cr

Net profit (latest quarter)Rs 3 Cr

Depreciation (TTM)Rs 4 Cr

Depreciation (latest quarter)Rs 1 Cr

Interest (TTM)Rs 3 Cr

Cost of goods sold (latest year)Rs 178 Cr

Total expenditure (latest year)Rs 206 Cr

Total income (latest year)Rs 228 Cr

Share capitalRs 89 Cr

ReservesRs 217 Cr

Shareholders' fundsRs 305 Cr

Total assetsRs 566 Cr

Net blockRs 100 Cr

InvestmentsRs 44 Cr

ReceivablesRs 118 Cr

InventoryRs 28 Cr

Other liabilitiesRs 21 Cr

Shares outstanding (crore)88.52

Ownership

Promoter holding32.51% (+3.36 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 20.4 is at the 15th percentile of its own 3.4-year range (median 62.9, low 8.4, high 236.1).

P/B 0.88 is the lowest in 7.4 years (median 7.92).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	SHAH	Nifty 50	Difference
1 week	-5.3%	-2.8%	-2.5 pts
1 month	-17.4%	-6.8%	-10.6 pts
3 months	-37.7%	-7.6%	-30.0 pts
6 months	-34.6%	+0.4%	-35.0 pts
1 year	-17.7%	-9.9%	-7.7 pts
2 years	-39.3%	-13.6%	-25.7 pts
3 years	+12.2%	+14.2%	-2.0 pts
5 years	+34.7%	+27.9%	+6.8 pts

Red flags

F-score 1 of 7

explain	Weak cash conversion Cash from operations was -280% of net profit over the last 3 years
explain	High accruals Profit exceeded operating cash by 12% of total assets in 2026
explain	Debt up, profit down Borrowings up 1247% while net profit fell in 2026
look	Inventory outrunning sales Inventory grew 233% vs sales +18% in 2026
look	Profit leans on other income Other income was 132% of pre-tax profit in 2026
look	Auditor change Auditor change 2026-08-31: Shah Metacorp Limited has informed the Exchange regarding Change in Auditors of the company.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹57 Cr +97.9% vs Jun 2025. Net profit ₹4 Cr +41.4%.

Against our estimate for Jun 2026: sales +43.5%, profit +75.7% in line. Our estimate for Sep 2026: sales Rs 107 Cr, profit Rs 4 Cr (how).

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-05-27	Rights 36:311 @ Premium Rs 3.86
2023-05-04	Extra Ordinary General Meeting
2022-12-23	Rights 110:100 @ Premium Rs 1.75/-
2022-08-12	Annual General Meeting
2021-09-21	Annual General Meeting
2019-09-20	Annual General Meeting
2018-09-18	Annual General Meeting
2017-09-20	Annual General Meeting
2016-10-13	Face Value Split From Rs 10 To Re 1	0.1000
2016-09-21	Annual General Meeting
2015-09-23	Annual General Meeting
2014-09-19	Annual General Meeting
2013-09-19	Annual General Meeting
2012-09-20	Annual General Meeting
2011-09-26	Annual General Meeting

Date	Type	What it says
2026-09-30	General Updates	General Updates
2026-09-30	Appointment	Appointment of Ms M/s. Murtuza Mandorwala & Associates, PCS as Other of the company w.e.f. September 30, 2026.
2026-09-30	Appointment	Appointment of Ms M/s. Shivam Soni & Co., Chartered Accountants as Other of the company w.e.f. September 30, 2026.
2026-09-30	Shareholder meeting	Proceedings of Annual General Meeting held on September 30, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-09-28	Shareholder meeting	Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-09-22	Updates	Disclosure under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulation, 2015.
2026-09-16	Allotment	Allotment of 6500000 securities pursuant to Convertible Securities at its meeting held on September 16, 2026
2026-09-16	Board meeting outcome	Outcome of Board Meeting held on September 16, 2026.
2026-09-10	Allotment	Allotment of 2,75,00,000 (Two Crore Seventy-Five Lakhs) fully paid-up Equity Shares of face value of Re. 1/- each at an issue price of Rs. 4.71/- per ...
2026-09-10	Board meeting outcome	Allotment of 2,75,00,000 (Two Crore Seventy-Five Lakhs) fully paid-up Equity Shares of face value of Re. 1/- each at an issue price of Rs. 4.71/- per ...
2026-09-10	General Updates	General Updates
2026-09-08	Record Date	Record date for the purpose of Meeting is 23-Sep-2026.
2026-09-08	Shareholder meeting	Notice of Annual General Meeting to be held on September 30, 2026
2026-08-31	Record Date	Record date for the purpose of Meeting is 23-Sep-2026.
2026-08-31	Change in Auditors	Change in Auditors of the company.
2026-08-31	Board meeting outcome	Outcome of Board Meeting held on August 31, 2026.
2026-08-31	Change in Auditors	Change in Auditors of the company.
2026-08-31	Updates	Updates -financial results for the period ended 30-Jun-2026 in Machine Readable Form.
2026-08-27	Shareholder meeting	Notice of undefined to be held on September 26, 2026
2026-08-17	Delay/default in the payment	Delay/default in the payment of fines/penalties/dues etc. to authority
2026-08-12	Statement of deviation(s) or	Statement of deviation(s) or variation(s) under Reg. 32
2026-08-12	Appointment	Appointment of Mr RJ & Associ as Other of the company w.e.f. August 12, 2026.
2026-08-12	Board meeting outcome	Shah Metacorp Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-18	Structural Digital Database	This is to inform you that pursuant to Regulation 3 (5) and 3 (6) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulatio...
2026-07-16	Appointment	Appointment of Mr. Nanwal Sajjankumar (DIN: 01723254) as Non- Executive Independent Director of the company w.e.f. July 21, 2026.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Shah Metacorp Ltd?

Shah Metacorp Ltd (SHAH) has a market capitalisation of Rs 312 Cr. at the 2026-10-01 close.

What is the P/E ratio of Shah Metacorp Ltd?

Shah Metacorp Ltd trades at a P/E of 23.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Shah Metacorp Ltd's latest quarterly results?

In the Jun 2026 quarter, Shah Metacorp Ltd sales was Rs 57 Cr (+97.9% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Shah Metacorp Ltd?

The 52-week high is Rs 5.82 and the 52-week low is Rs 2.56.