Debut Plus

₹69.19

▼ -3.6 -4.95%

As of 23 Oct 2026 · delayed

NSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-09-02
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-09-02

Shah Alloys Limited (SHAHALLOYS)

Volume: 9,755Avg Vol 1W: 7,627.6Avg Vol 1M: 17,669.3552W Range:₹53.1₹116.85
NSE BSE www.shahalloys.com AI Report
Key Ratios
Checked 23h ago
Market Cap₹137 Cr
Current Price₹69.19
Previous Close₹72.79
High / Low (52w)₹116.85 / ₹53.1
Volume9,755
Avg Vol (1W)7,627.6
Avg Vol (1M)17,669.35
Stock P/E0
Book Value₹-3.88
Dividend Yield—
ROE0%
ROA—
Revenue (TTM)₹267 Cr
Revenue Growth—
Profit Margin—
Total Debt₹4 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹-9.97
P/B-11.85
Debt / Equity44.69
50 DMA₹86.2
200 DMA₹71.94
Day change-4.95%
SurveillanceESM · ESM 1
Price Chart
₹69.19▼ 1.16% · 1Y
₹113₹5713.9L
2025-10-27
2026-10-23

20-day avg volume: 18K shares

Cons
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹119 Cr₹66 Cr₹52 Cr₹30 Cr₹24 Cr₹3 Cr₹11 Cr₹2 Cr
EBITDA₹-8 Cr₹-7 Cr₹-1 Cr₹-2 Cr₹-2 Cr₹-3 Cr₹6 Cr₹-1 Cr
Net Profit₹-7 Cr₹-6 Cr₹-2 Cr₹-4 Cr₹-6 Cr₹14 Cr₹38 Cr₹-8 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹267 Cr₹30 Cr₹24 Cr₹3 Cr₹11 Cr₹39 Cr₹2 Cr₹0 Cr
EBITDA₹-19 Cr₹-19 Cr₹-3 Cr₹21 Cr₹-8 Cr₹1 Cr₹-1 Cr₹-2 Cr
Net Profit₹-20 Cr₹-19 Cr₹-3 Cr₹36 Cr₹35 Cr₹108 Cr₹4 Cr₹-2 Cr
EPS-9.97————54.42——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹520 Cr₹431 Cr₹305 Cr₹322 Cr₹301 Cr₹257 Cr₹195 Cr₹208 Cr
Total Liabilities₹686 Cr₹449 Cr₹359 Cr₹289 Cr₹270 Cr₹246 Cr₹202 Cr₹95 Cr
Equity₹-166 Cr₹-18 Cr₹-55 Cr₹33 Cr₹30 Cr₹11 Cr₹-8 Cr₹112 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹12 Cr₹32 Cr₹43 Cr₹65 Cr₹44 Cr₹-6 Cr₹7 Cr₹-71 Cr
Investing₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹1 Cr₹89 Cr
Financing₹-13 Cr₹-121 Cr₹-56 Cr₹-70 Cr₹-44 Cr₹3 Cr₹-6 Cr₹-20 Cr
Free Cash Flow₹12 Cr₹32 Cr₹43 Cr₹65 Cr₹44 Cr₹-6 Cr₹7 Cr₹-71 Cr
Shareholding
Promoter 53.75% Institutions 0% Public 46.25%
Efficiency & Working Capital
ROCE0.3%
Interest Coverage0.2
Dividend Payout—
Debtor Days11 d
Inventory Days190 d
Payable Days12 d
Cash Conversion Cycle188 d
Working Capital Days200 d
Shareholding Details

As of 2026-09-30

Promoter53.7%
FII0%
DII0%
Institutions0%
Public46.3%
Promoter Pledge0%
No. of Shareholders9,404
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters53.8%53.8%53.8%53.8%53.8%53.8%53.8%53.7%53.7%53.7%53.7%53.7%
FIIs0%0%0%0%0%0%0%0%0.1%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public46.2%46.2%46.2%46.2%46.2%46.2%46.2%46.2%46.2%46.3%46.3%46.3%
Promoter Pledge24.4%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders9,4949,4569,53810,98310,25910,41710,0969,9619,5309,3219,1569,404
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Rajendrabhai V ShahShareholding of Promoter and Promoter Group40%79,12,404
Rajendrabhai V ShahShareholding of Promoter and Promoter Group7.7%15,31,960
Ragini Rajendrabhai ShahShareholding of Promoter and Promoter Group5.8%11,46,006
Raviraj Developers LimitedPublic Shareholding3.2%6,25,131
Anand MohanPublic Shareholding2.5%4,93,702
Krone Finstock Pvt LtdPublic Shareholding1.9%3,83,332
Mansi Share & Stock Broking Private LimitedPublic Shareholding1.4%2,74,906
Ashvin V ShahShareholding of Promoter and Promoter Group0.2%34,072
Shah Jayeshkumar VijaykumarShareholding of Promoter and Promoter Group0.1%16,000
Karan R ShahShareholding of Promoter and Promoter Group0%0
Prakash V ShahShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Rajendra V ShahChairman & Non Executive Dir.2026
Ashok A SharmaED / WTD / CFO / Non Promoter2026
Rajnikant Amrutlal VyasWhole-time Director2026
Mitesh V. JariwalaIndependent Non Exe. Director2026
Bipinbhai A. GosaliaIndependent Non Exe. Director2026
Nipa Jairaj ShahIndependent Director2026
Narayanlal ShahCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Stainless Steel Unit₹653 Cr100%
Medical Stores & Pathology₹0 Cr0%
Segments — Geography
RegionRevenueShare
India₹37 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10352020
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-12Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026011004658
202600004343
2026000044
Company Information
Incorporated1990
ChairmanRajendra V Shah
AuditorParikh & Majmudar
Investor Email[email protected], vinod.shah@shahalloya
🌐 www.shahalloys.com ↗

📍 5/1 Shreeji House 5th Floor, Behind M J Library Ashram Road, Ahmedabad, Gujarat, 380006

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