Financial Results
Shah Alloys Reports Q2 FY27 Standalone Loss
Shah Alloys reported a standalone net loss of Rs. 1.85 crore for Q2 FY27, compared with a profit of Rs. 35.76 crore in Q2 FY26.
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Industrial Products
Iron & Steel Products
149 Cr
High Risk
3.9
31.2
—
1.3
116.70
53.10
Sales CAGR
Profit CAGR
ROE
ROCE
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Financial Results
Shah Alloys reported a standalone net loss of Rs. 1.85 crore for Q2 FY27, compared with a profit of Rs. 35.76 crore in Q2 FY26.
Financial Results
Shah Alloys disclosed unaudited standalone financial results for the quarter and half year ended September 30, 2026, along with the limited review report.
Shah Alloys Ltd (SHAHALLOYS) is currently trading at 75.50 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Shah Alloys Limited specializes in manufacturing stainless steel and alloy products, including hot rolled coils, sheets, and plates. The company faced financial challenges and was declared a Sick Industrial Company under the Sick Industrial Companies Act in 2010-11. Incorporated in 1990, Shah Alloys historically expanded its capabilities with significant investments in rolling mills and a captive power plant. Shah Alloys achieved a milestone by commissioning India's first 1800mm width stainless steel slab caster, showcasing its commitment to industry innovation. Despite historical accolades like the Dhatu Nayak Award, the company's financial distress highlights underlying vulnerabilities in its business model.
Over the past 52 weeks, Shah Alloys Ltd has traded between a low of ₹53.10 and a high of ₹116.70. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Shah Alloys Ltd has a market capitalization of approximately 149.49. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Shah Alloys Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 3.93 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 149.49 Cr, Shah Alloys Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Shah Alloys Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Shah Alloys Ltd is 3.93. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Shah Alloys’ reviewer linked the uncertainty to the closure of the existing iron and steel plant. Management said the Gujarat plant stopped operating in August 2025 after persistent losses, technology obsolescence and higher production costs. The reviewer said it was unable to give an opinion on Shah Alloys’ going-concern status.
Shah Alloys is scheduled to consider its Q2 FY27 standalone results at a board meeting on 30 October 2026. The quarter covers July to September 2026.
They approved strategic restructuring of the steel plant undertaking, authorised monetisation of land and buildings, adopted FY26 audited accounts, reappointed a director, and cleared MOA/AOA updates.
