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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 Alloys Limited is an India-based steel producer. The Company is engaged in manufacturing of a range of stainless steel, alloy and special steel, carbon/mild steel and armor steel in flat and long products. Its stainless-steel products consist of hot-rolled coils, sheets,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling business — but flagged on governance.
Shah Alloys is scored on the commodity / cyclical framework. Cash conversion lags the reported profit (CFO/PAT -0.66×) — worth a closer look. It throws off free cash worth 12.3% of its market value — a strong free-cash yield.
Book value itself has compounded 55%/yr — the hallmark of a genuine compounder. Return on equity is a weak -18.2%. In the latest quarter profit fell 123% versus the prior quarter.
It trades at 1× earnings. Today's price asks for only ~-42%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Only ₹-0.41 of cash per ₹1 profit over 4 years — earnings not converting to cash.
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 | 1.1 | — | — |
| P/B | 1.06 | 2.07 | better |
| EV/EBITDA | 1.27 | — | — |
| ROE | -18.22 | 18.07 | worse |
| ROCE | 0.16 | — | — |
| ROA | 60.82 | — | — |
| Quick Ratio | 0.28 | — | — |
| 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 declined 85% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
3 of the 4 years shown had a loss — profitability is inconsistent. The latest year saw a +718% swing — check if it's a one-off or structural.
Operating margin has compressed from -1% to -9% — costs or competition are eating into profitability. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 96% — the business earns well above its cost of equity. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency improving — ROE up 106pp across the window.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 79% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (90% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 52% below earlier ones.
2 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 123% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (-10% → -363%) — more revenue isn't translating to proportionally more profit.
P/E band unavailable — needs 5y of consistent EPS + price history.
Promoter holding at 53.8% — majority control intact.
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.