Shah Alloys' Q3 Financials Show Mixed Results
Shah Alloys, a microcap company in the iron and steel industry, has recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Shah Alloys is 'Strong Sell'.
In the quarter ended September 2023, Shah Alloys saw a 13.18% growth in net sales compared to the previous quarter, which was at 3.85%. However, the consolidated net profit saw a decline of 50.00% in the same period, as opposed to a growth of 110.99% in the previous quarter. The operating profit (PBDIT) excluding other income also saw a decline of 8.91% in the quarter ended September 2023, compared to a growth of 174.26% in the previous quarter. The interest expenses also saw a slight increase of 0.95% in the quarter ended September 2023, compared to 7.14% in the previous quarter. The operating profit margin (excluding other income) also saw a decline from the previous quarter.
Despite the flat financial performance in the quarter ended September 2023, there are some positive aspects for Shah Alloys. The company's profit after tax (PAT) for the half-yearly period was higher at Rs 1.05 crore compared to the preceding 12-month period ended September 2023, which was at Rs -3.23 crore. The net sales for the quarter were also the highest in the last five quarters at Rs 180.59 crore, with a positive sales trend in the near term. The net sales for the quarter also saw a growth of 35.57% year on year (YoY).
However, there are some areas that are not working in favor of Shah Alloys based on the September 2023 financials. The profit before tax (PBT) less other income for the quarter saw a decline of 80.50% YoY, and the PAT for the half-yearly period saw a decline of 62.90% YoY. The operating cash flow for the company has also been consistently falling in the last three years, with the lowest being at Rs 45.48 crore in the last year.
Overall, the financial performance of Shah Alloys in the quarter ended September 2023 has been mixed, with some positive and negative aspects. Investors should carefully analyze the company's financials and market trends before making any investment decisions.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
