Shah Metacorp Limited (SHAH) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shah Metacorp Limited ₹1.79, price ₹3.03, upside -40.8%, quality 20 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹2.15 – ₹7.90 · the ₹3.03 price screens above the ₹1.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Shah Metacorp Limited manufactures and sells stainless steel and mild steel long products in India. It operates in two segments, Stainless Steel Products and Agricultural Products. The company offers stainless steel products, including equal angle bars, bright bars, flat bars, flats, and ingots.
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Shah Metacorp Limited manufactures and sells stainless steel and mild steel long products in India. It operates in two segments, Stainless Steel Products and Agricultural Products. The company offers stainless steel products, including equal angle bars, bright bars, flat bars, flats, and ingots. It also provides mild steel products, such as mild steel angle bars. The company also exports its products. The company was formerly known as Gyscoal Alloys Limited and changed its name to Shah Metacorp Limited in June 2023. Shah Metacorp Limited was incorporated in 1999 and is headquartered in Ahmedabad, India.
Stock analysis
Shah Metacorp Limited (SHAH) currently trades at ₹3.03, while our model-based Fair Value estimate is ₹1.79, 40.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹5.33 per share, and 4 of the 10 models we run sit above the ₹3.03 price.
Bear case: the Asset-Based group reads lowest at ₹2.08, and 6 of the 10 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 20/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shah Metacorp Limited reported revenue of ₹2.1B in FY2026 versus ₹200M in FY2022, a compound +79.6%/yr. Reported net income was ₹122M in FY2026.
Key figures
Market cap ₹4.8B (≈ $49.6M) · P/E ratio 20.2 · P/S ratio 1.18 · EPS (TTM) ₹0.1500 · Net margin 5.8% · Return on equity 5.1% · Return on assets (EBIT) −2.7% · Operating margin −8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −41%, SHAH screens cheaper than that median.
Fair Value models
Bear ₹1.79Fair Value ₹1.79Bull ₹1.79
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0760 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+73.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+75.5%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−173% → −1%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 406 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score20 · Bottom 25%
Fair Value upside−40.8% · Below median
Profitability
Return on equity (TTM)5.1% · Above median
Return on assets−0.4% · Bottom 25%
Net margin (TTM)5.9% · Above median
Operating margin (TTM)−8.3% · Bottom 25%
Growth and dividend
Revenue growth50.2% · Top 25%
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (TTM)20.2× · Pricier than median
P/B1.56× · Pricier than median
P/S (TTM)2.30× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)100· sector 25
PAST (return on equity)20· sector 18
HEALTH (low debt)61· sector 95
DIVIDEND (yield)0· sector 51
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Shah Metacorp Limited (SHAH) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹1.79 versus a price of ₹3.03, about −41% upside (overvalued).
What is the fair value of SHAH?
Our model-based fair value for Shah Metacorp Limited is ₹1.79 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹3.03.
What is the quality score of SHAH?
Shah Metacorp Limited has a Quality Score of 20/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Shah Metacorp Limited (SHAH)?
Our model-based price target is the fair value of ₹1.79 (as of Sep 27, 2026) from 10 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Shah Metacorp Limited stock forecast for 2026?
Our models put fair value at ₹1.79, about −41% upside versus a price of ₹3.03 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Shah Metacorp Limited (SHAH)?
Shah Metacorp Limited reported trailing-twelve-month revenue of about ₹2.1B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Shah Metacorp Limited (SHAH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shah Metacorp Limited it is ₹1.79 per share (as of Sep 27, 2026), against a price of ₹3.03. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Shah Metacorp Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SHAH trades above its calculated fair value: price ₹3.03, fair value ₹1.79, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SHAH?
No. The price is what the market pays today (₹3.03); the fair value is what the company's own numbers justify (₹1.79). For Shah Metacorp Limited the two are ₹1.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shah Metacorp Limited worth?
The market values Shah Metacorp Limited at about ₹4.8B (market capitalisation, as of Sep 27, 2026). Per share that is ₹3.03; our models calculate a fair value of ₹1.79 per share.
What is the P/E ratio of SHAH?
Shah Metacorp Limited trades at a price-to-earnings ratio of 20.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.79 is built from several models across several years. Other multiples: P/B 1.6, P/S 2.3.
How solid is the balance sheet of Shah Metacorp Limited (SHAH)?
Balance-sheet figures for Shah Metacorp Limited (as of Sep 27, 2026): return on equity 5.1%, debt of 0.78 per unit of equity. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is SHAH from its 52-week high?
Shah Metacorp Limited trades at ₹3.03, about 48% below its 52-week high of ₹5.78 and at the low of ₹3.03 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.79 is for.
Which stocks are comparable to Shah Metacorp Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shah Metacorp Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹3.03, calculated fair value ₹1.79 (−41%), Quality Score 20/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SHAH calculated?
We run Shah Metacorp Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1.79, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Shah Metacorp Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shah Metacorp Limited (SHAH)?
The closing price on Oct 1, 2026 was ₹3.03. Our model-based fair value is ₹1.79, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shah Metacorp Limited right now?
The price sits above even our optimistic bull case (₹1.79). The favourable scenario is already priced in. Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Shah Metacorp Limited
How large is the market capitalisation of Shah Metacorp Limited (SHAH)?
The market capitalisation of Shah Metacorp Limited is ₹4.8B (≈ $49.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shah Metacorp Limited (SHAH)?
The price-to-sales ratio of Shah Metacorp Limited is 1.18 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shah Metacorp Limited (SHAH)?
Earnings per share at Shah Metacorp Limited are ₹0.1500 (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shah Metacorp Limited (SHAH)?
The net margin of Shah Metacorp Limited is 5.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shah Metacorp Limited (SHAH)?
The return on equity (ROE) of Shah Metacorp Limited is 5.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shah Metacorp Limited (SHAH)?
On an EBIT basis the return on assets of Shah Metacorp Limited is −2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shah Metacorp Limited (SHAH)?
The operating margin of Shah Metacorp Limited is −8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shah Metacorp Limited (SHAH)?
Revenue at Shah Metacorp Limited is growing +50.2% versus a year earlier (3y avg +73.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shah Metacorp Limited (SHAH)?
Earnings per share at Shah Metacorp Limited are growing +34.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shah Metacorp Limited (SHAH) generate?
The free cash flow of Shah Metacorp Limited is −₹573M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shah Metacorp Limited (SHAH) carry?
The net debt of Shah Metacorp Limited is ₹2.4B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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