SHAH
Shah Metacorp financials
- Market cap
- ₹348 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 97.9%, net profit up 41.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 40 | 41 | 29 | 67 +38% | 50 +26% | 62 +50% | 57 +98% |
| EBITDA | 3 | 2 | 3 | 3 | 2 −39% | 1 −53% | -4 −257% | 5 +50% |
| Net profit | 2 | 3 | 4 | 2 | 1 −68% | 1 −76% | 8 +115% | 4 +41% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −7.1% 1Y
1Y: ₹3.78 on 10 Sept 2025 → ₹3.51. High ₹5.78 (8 May 2026), low ₹3.16 (26 Aug 2026).
Financials, as filed
Revenue grew 46.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 0.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹97 Cr | ₹176 Cr | ₹208 Cr |
| Operating profit | ₹3 Cr | ₹11 Cr | ₹2 Cr |
| Operating margin | 3.6% | 6.3% | 0.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹4 Cr | ₹33 Cr | ₹12 Cr |
| Net margin | 4.4% | 18.5% | 5.8% |
| Cash from operations | ₹-32 Cr | ₹-47 Cr | — |
| Free cash flow | ₹-33 Cr | ₹-57 Cr | — |
| ROCE | 5.0% | 8.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹16 Cr | ₹16 Cr | ₹33 Cr | ₹42 Cr | ₹89 Cr | ₹89 Cr |
| Reserves | ₹-66 Cr | ₹-47 Cr | ₹-16 Cr | ₹15 Cr | ₹221 Cr | ₹217 Cr |
| Borrowings | ₹93 Cr | ₹79 Cr | ₹67 Cr | ₹37 Cr | ₹65 Cr | ₹239 Cr |
| Other liabilities | ₹72 Cr | ₹39 Cr | ₹35 Cr | ₹44 Cr | ₹103 Cr | ₹21 Cr |
| Total liabilities | ₹115 Cr | ₹87 Cr | ₹120 Cr | ₹138 Cr | ₹478 Cr | ₹566 Cr |
| Fixed assets | ₹24 Cr | ₹21 Cr | ₹25 Cr | ₹21 Cr | ₹102 Cr | ₹100 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹47 Cr | ₹44 Cr |
| Other assets | ₹90 Cr | ₹66 Cr | ₹96 Cr | ₹117 Cr | ₹330 Cr | ₹421 Cr |
| Total assets | ₹115 Cr | ₹87 Cr | ₹120 Cr | ₹138 Cr | ₹478 Cr | ₹566 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jul 2026
Since Jun 2025, promoters trimmed −2.97 pp while FIIs added +1.08 pp. The shareholder count shrank 11% to 1,09,781.
- Promoters
- 30.2%
- FIIs
- 1.1%
- DIIs
- 1.0%
- Public
- 67.7%
Since Jun 2025
- Promoters −2.97 pp
- FIIs +1.08 pp
- DIIs +0.96 pp
How it drifted, 12 quarters
Over this window promoters fell from 36.2% to 30.2% — −6.0 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 36.2%, Public 63.8%.Mar '24: Promoters 36.2%, Public 63.8%.Jun '24: Promoters 36.2%, Public 63.8%.Sep '24: Promoters 29.8%, FIIs 0.1%, Public 70.1%.Dec '24: Promoters 30.9%, Public 69.1%.Mar '25: Promoters 30.9%, Public 69.1%.Jun '25: Promoters 33.2%, DIIs 0.1%, Public 66.8%.Sep '25: Promoters 29.1%, DIIs 0.0%, Public 70.8%.Dec '25: Promoters 29.1%, FIIs 0.0%, DIIs 0.0%, Public 70.8%.Mar '26: Promoters 29.1%, DIIs 0.0%, Public 70.8%.Jun '26: Promoters 29.5%, FIIs 1.1%, DIIs 1.0%, Public 68.4%.Jul '26: Promoters 30.2%, FIIs 1.1%, DIIs 1.0%, Public 67.7%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mona Viral Shah +0.87 pp 14.94% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of Shah Metacorp Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Shah Malavkumar Kalpesh | 15.13% | −0.15 pp |
| Mona Viral Shah | 14.94% | +0.87 pp |
| Sampati Securities Limited | 8.32% | −0.08 pp |
| Viral Mukundbhai Shah | 6.89% | −0.07 pp |
| Raba Vismay Amarsinhbhai | 3.02% | unchanged |
| Dhanjit Real Trade Llp | 2.54% | unchanged |
| Tiger Strategies Fund -I AIF | 1.01% | unchanged |
| Dipali Manish Shah | 0.03% | unchanged |
| Viral M Shah Huf | 0.02% | unchanged |
| General Capital Holding Company Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Shah Metacorp Limited
Guides on how to read this kind of business and the numbers that matter.