One of the penny steel stocks engaged in manufacturing and selling stainless steel and mild steel long products. The stock has hit 5 percent after reporting a 289.61 percent YOY increase in net profit and a 208.75 percent YOY increase in revenue.
Stock Price Movement
With a market capitalization of Rs. 245.65 crores, the shares of Shah Metacorp Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 4.27 per share on Friday, up from its previous closing price of Rs. 4.07 per share. Since then, the stock has retreated and is currently trading at Rs. 4.20 per equity share.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Shah Metacorp Limited, the company’s consolidated revenue from operations increased by 208.75 percent YOY, from Rs. 12.91 crore in Q3 FY24 to Rs. 39.86 crore in Q3 FY25, and down by 17.88 percent QoQ from Rs. 48.54 crore in Q1 FY25.
Further, the company’s EBIDT has increased by 57.14 percent, from Rs. 1.47 crore in Q3 FY24 to Rs. 2.31 crore in Q3 FY25.
In Q2 FY25, Shah Metacorp Limited’s consolidated net profit slightly increased by 289.61 percent YOY, reaching Rs. 3 crore compared to Rs. 0.77 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 22.45 percent, from Rs. 2.45 crore.
The basic earnings per share increased by 20 percent and stood at Rs 0.05 as against Rs 0.04 recorded in the previous quarter FY25.
In terms of return ratios, Shah Metacorp Limited’s share ROE and ROCE are currently at 11.4 percent and 4.94 percent, respectively. Shah Metacorp Limited has a debt-to-equity ratio of 0.04x, which shows the company is almost a debt-free company.
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Shareholding pattern
In December 2024, Shah Metacorp Limited had a majority stake held by the promoters at 3.88 percent and the public at 69.21 percent.
Product Offering
Shah Metacorp Limited offers a diverse product range, including stainless steel items like angle bars, flat bars, round bars, bright bars, channels, billets, and ingots for structural and industrial applications.
Additionally, the company also has mild steel products like angle bars and square bars that cater to construction and fabrication needs.
Company Overview
Shah Metacorp Limited was incorporated in 1999 and is headquartered in Ahmedabad, Gujarat. Shah Metacorp Limited, formerly Gyscoal Alloys Limited, specializes in manufacturing and selling stainless steel and mild steel long products. The company caters
to diverse industries, including construction, infrastructure, and automotive.
Written By – Nikhil Naik
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