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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Shah Metacorp Limited is an India-based company, which is focused on the stainless steel and mild steel manufacturing sector. The Company is engaged in the manufacturing and selling of a diverse range of stainless steel (SS) products. The Company operates through the S. S.…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling business, fairly priced — but flagged on governance.
Shah Metacorp is scored on the commodity / cyclical framework. It keeps a slim 5.3% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -4.80×) — worth a closer look. Free cash flow is worth about -99.1% of its market value.
Book value itself has compounded 159%/yr — the hallmark of a genuine compounder. Return on equity is a weak 4.0%. In the latest quarter profit fell 56% versus the prior quarter.
At 19× earnings, the stock sits at the 44th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~10%/yr earnings growth for a decade. The forensic screen raises 2 red flags: Only ₹-2.94 of cash per ₹1 profit over 4 years — earnings not converting to cash; 131% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 21.69 | 20.39 | worse |
| P/B | 0.78 | 2.07 | better |
| EV/EBITDA | 22.1 | 10.9 | worse |
| ROE | 3.99 | 18.07 | worse |
| ROCE | 3.23 | 9.84 | worse |
| ROA | 2.31 | 3.5 | worse |
| Quick Ratio | 19.05 | 3.33 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 4 financial years shown. 69% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
1 of the 4 years shown had a loss — profitability is inconsistent. The latest year saw a -63% swing — check if it's a one-off or structural.
Operating margin has expanded from -1% to 7% — the business is keeping more of each rupee earned. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 4% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 5pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (68% vs -2%) — share dilution is eroding per-share value. -2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
4 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 26% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (34% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 15% above earlier ones.
Profit fell 56% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (1% → 6%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 32.5% — dispersed ownership; institutional flows drive the stock. Promoters added 3.4pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.