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Shah Alloys
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Incorporated in November, 1990, Shah Alloys Limited went public in 1992. It was promoted by Rajendrabhai V Shah and Rajiniben R Shah. The Company is engaged in the manufacture of Stainless Steel, Alloy & Special Steel, Carbon/ Mild Steel and Armour Steel in Flat and Long products of which it makes Hot Rolled Coils, Sheets & Plates , Cold Rolled Coils & Sheets , Hot Rolled Round Bars , Bright Round Bars , Hot Rolled Flat Bars , Angles, Beams etc.
The company came out with a public issue in Dec.'92 to part-finance an expansion scheme, and to meet long-term working capital requirements. The company has embarked on a Rs 6.53-cr project to manufacture stainless steel and other alloy products, financed by GIIC. It has put up a hot plate rolling mill at a cost of Rs 36.75 cr. The company received the Dhatu Nayak Award for best performance in the stainless steel industry.
During 1998-99, the Company implemented the project of captive power plant having capacity of 20 MW. The project was financed through term loans and internal cash accruals.
Also in 2000-01, the company commissioned India's first 1800mm width Stainless Steel Slab Caster. The project of H R /S S Sheet /Coil was commissioned as per schedule. The company's ongoing diversification project of manufacturing of HR/SS Sheet/Coil was implemented during 2001-02.
During 2001-02 Shah Steel & Industrial Gases Limited was amalgamated with the company and accordingly 20 equity shares of Shah alloys were issued and allotted to Shah Steel & Industrial Gases Ltd pursuant to the scheme which provided for the company to issue shares in the ratio of one Equity Shares of the company for every 35 equity shares of Shah Steel & Industrial Gases Ltd.
The Company commenced the production of value added CRC Coils, with the commencement of two Cold Rolling Mills (CRMs) in FY. 2005-06.
During the year 2010-11, the Company was declared Sick Industrial Company under the provisions of Section 3(1)(0) of Sick Industrial Companies (Special Provisions) Act 1985.
Shah Alloys share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Shah Alloys indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Shah Alloys is valued compared to its competitors.
Shah Alloys PE ratio helps investors understand what is the market value of each stock compared to Shah Alloys 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Shah Alloys evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Shah Alloys generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Shah Alloys in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Shah Alloys shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Shah Alloys compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Shah Alloys over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Shah Alloys helps investors get an insight into when they can enter or exit the stock. Key components of Shah Alloys Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Shah Alloys shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Shah Alloys ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Shah Alloys provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Shah Alloys highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Shah Alloys .
The balance sheet presents a snapshot of Shah Alloys ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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