Shah Alloys Limited (SHAHALLOYS) Fair Value & Analysis
Basic Materials · IN · Market cap ₹1.4B
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 6 days ago
Share price +19.7% over the past month.
Below-average quality, screening 185% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹186.53). The market is more pessimistic than our downside scenario.
- Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹6.80 – ₹128.80 · fair‑value band ₹186.53 – ₹297.41 · the ₹80.68 price screens below the ₹229.67 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Shah Alloys Limited (SHAHALLOYS) currently trades at ₹80.68, while our model-based Fair Value estimate is ₹229.67, implying the stock looks roughly 184.7% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Trailing-twelve-month revenue stands at ₹373M. It earns a return on equity of 205.8%. Net debt stands at ₹619M. The stock trades on a trailing P/E of 1.5. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹186.53 (bear case) to ₹297.41 (bull case); at ₹80.68, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 185%, SHAHALLOYS screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: Economic Profit (₹788.31) versus Dividend Discount (₹7.54). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 68
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Shah Alloys Limited engages in the manufacture and sale of flat and long stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India and internationally. The company also offers hot rolled coils, sheets, and plates; cold rolled coils and sheets; hot rolled round and flat bars; bright/peeled bars; angles; and beams.
Full company description
Shah Alloys Limited engages in the manufacture and sale of flat and long stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India and internationally. The company also offers hot rolled coils, sheets, and plates; cold rolled coils and sheets; hot rolled round and flat bars; bright/peeled bars; angles; and beams. In addition, it provides chrome molybdenum, abrasion/wear resistant, quenched and tempered, high tensile, corrosion resistant, tool, pressure vessel, and other alloy steel products. The company also exports its products. Shah Alloys Limited was incorporated in 1990 and is based in Gandhinagar, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Shah Alloys Limited reported revenue of ₹394M in FY2026 versus ₹8.8B in FY2022, a compound −54.0%/yr. Reported net income was ₹1.1B in FY2026, compounding +7.0%/yr from FY2022.
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Peer Group
Steel · 384 stocks
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.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JSW Steel Limited JSWSTEEL | ₹1,269 | ₹1,140 | -10% |
| Tata Steel Limited TATASTEEL | ₹186.20 | ₹145.39 | -22% |
| China Steel Corporation 2002A | 37.25 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 325,000 KRW | 155,270 KRW | -52% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,838 ARS | +16% |
| Jindal Steel Limited JINDALSTEL | ₹1,112 | ₹516.27 | -54% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,894 | ₹771.10 | -59% |
| Gerdau S.A GGBN | 83.50 MXN | 39.22 MXN | -53% |
| Ternium S.A TXR | 17,780 ARS | 27,472 ARS | +55% |
| NMDC Limited NMDC | ₹85.00 | ₹112.98 | +33% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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