Shah Alloys

: SHAHALLOYS · Iron & Steel Products

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Snapshot

Unlock Shah Alloys's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shah Alloys Ltd is an ISO 9001:2008 accredited manufacturer specialising in a comprehensive range of stainless steel products. The company operates primarily within the Indian market while maintaining an extensive export footprint across more than 50 countries.

Business Model

The company generates revenue through the manufacturing and sale of stainless steel and related metallurgical products. It serves both domestic industrial requirements and international markets through its established export network.

Growth Outlook

Growth is driven by the company's ability to leverage its diverse product range to meet demand in both domestic and international steel markets. Sustained focus on quality accreditation supports its competitive positioning in the global supply chain.

Key Risks

  • Commodity Price Volatility. Fluctuations in the prices of raw materials like iron ore and scrap metal can significantly impact profit margins.
  • Cyclical Industry Demand. The steel sector is highly sensitive to economic cycles, which can lead to volatility in demand from key end-user industries.
  • Foreign Exchange Risk. As an exporter to over 50 countries, the company is exposed to currency fluctuations that may affect export competitiveness and earnings.
  • Regulatory and Environmental Compliance. Stricter environmental regulations and carbon emission standards in India and abroad may necessitate increased capital expenditure.

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Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shah AlloysSHAHALLOYS
₹204 Cr18.0%+83.8%
Panchmahal SteelPANCHMAHQ
₹580 Cr99.7231.765.0%3.9%7.2%+13.9%
Modern MalleableMODMA
₹569 Cr29.4021.16189.2%18.2%11.8%15.1%
Azad India Mobility LimitedAZADIND
₹509 Cr3.3%-1.4%-1.3%-30.1%
SurajSURAJLTD
₹385 Cr46.4419.13-15.2%12.0%6.1%12.6%-32.1%
Shah MetacorpSHAH
₹369 Cr26.7125.4348.8%10.1%5.6%5.4%+12.3%

As of Mar 2026

Financials