Shah Alloys shareholders and shareholding pattern
NSE: SHAHALLOYSBSE: 513436Industrial ProductsSmall Cap
Shah Alloys Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 1993 on BSE, Jun 2005 on NSE
Last close ₹71.36up ₹0.52 (0.73%)BSE ₹75.50
Share price at the NSE close on 30 Oct 2026. Previous close ₹70.84.
30 Oct: open ₹71.00, high ₹74.25, low ₹71.00
52-week range of traded prices to 30 Oct 2026
₹53.10Low, 30 Mar 2026₹116.85High, 31 Aug 2026
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹141 Cr2,708th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 3.95
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹75 crore of one-off items, the largest of them in the quarter to Dec 2025.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.30
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 39.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹75 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −42.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −8.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.57
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 15,385
Shah Alloys' shareholding pattern for Sep 2026, filed on 8 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Shah Alloys, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters53.75%
- Foreign institutionsNone
- Indian institutionsNone
- Individuals and others46.25%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Individuals and others
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54.19% | 54.19% | 54.19% | 54.19% | 53.96% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.80% | 53.80% | 53.77% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.77% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | |
| Indian promoters | 54.19% | 54.19% | 54.19% | 54.19% | 53.96% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.80% | 53.80% | 53.77% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% | 53.77% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.78% | 53.75% | 53.75% | 53.75% | 53.75% | 53.75% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 45.81% | 45.81% | 45.81% | 45.81% | 46.04% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.20% | 46.20% | 46.23% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% | 46.23% | 46.22% | 46.22% | 46.22% | 46.22% | 46.22% | 46.22% | 46.22% | 46.25% | 46.25% | 46.25% | 46.25% | 46.25% |
| Promoter shares pledgedShare of the promoters' own shares | 98.89% | 98.89% | 98.89% | 98.89% | 99.33% | 99.71% | 99.71% | 99.71% | 99.71% | 99.52% | 99.52% | 99.52% | 99.52% | 99.52% | 99.52% | 99.52% | 99.52% | 99.52% | 99.52% | 99.42% | 99.42% | 99.49% | 99.53% | 99.53% | 99.53% | 99.53% | 99.53% | 24.42% | 24.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Shares in issue | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 | 1,97,97,540 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Shah Alloys promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is RAJENDRABHAI V SHAH, 47.71%. The filing names 2 more members with no shares.Promoter buying and selling
| Holder | ||
|---|---|---|
| RAJENDRABHAI V SHAHIndividuals and Hindu undivided families | 47.71% | 94,44,364 |
| RAGINI RAJENDRABHAI SHAHIndividuals and Hindu undivided families | 5.79% | 11,46,006 |
| ASHVIN V SHAHIndividuals and Hindu undivided families | 0.17% | 34,072 |
| SHAH JAYESHKUMAR VIJAYKUMARIndividuals and Hindu undivided families | 0.08% | 16,000 |
No promoter shares are reported as pledged.
Largest public holders of Shah Alloys, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RAVIRAJ DEVELOPERS LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.21% | 1.77% | 1.99% | 2.04% | 3.16% |
| ANAND MOHANResident individuals, over ₹2 lakh at face value | – | – | – | – | – | 1.56% | 1.57% | 1.57% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.49% | 2.49% | 2.49% | 2.49% |
| KRONE FINSTOCK PVT LTDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.32% | 2.31% | 2.45% | 2.63% | 2.67% | 1.94% |
| MANSI SHARE & STOCK BROKING PRIVATE LIMITEDOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.39% |
| MONARCH INFRAPARKS PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.09% | 2.18% | 2.20% | 2.20% | – |
| MOHAN ANANDResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | – | – | – | – |
| JAIDEEP NARENDRA SAMPATResident individuals, over ₹2 lakh at face value | – | – | – | – | – | 1.86% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.63% | 2.63% | – | – | – | – | – | – | – | – | – | 2.63% | 2.63% | 2.63% | – | – | – | – | – |
| MALTI NARENDRA SAMPATResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.11% | 1.11% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | – | – | – | – | – |
| GAURAV NARESH LODHAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.01% | – | – | – | – | – |
| JAIDEEP SAMPATResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | 1.96% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% | 2.47% | 2.62% | – | – | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% | – | – | – | – | – | – | – | – |
| ASSET RECONSTRUCTION COMPANY (INDIA) LTD.( TRUST HOLDINGS)Companies | – | – | – | – | – | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| L7 HITECH PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.01% | 1.31% | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BHAVIN GIRISHCHANDRA SHAHResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.23% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| GUJARAT NRE COKE LTD.Other non-institutions | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | 4.90% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SHEELA LALIT MEHTA .Resident individuals, over ₹2 lakh at face value | – | – | – | – | – | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| GOURIPUTRA CONSULTANTS PVT LTDOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.79% | 2.45% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SATELLITE MERCANTILES PVT LTD.Other non-institutions | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.55% | 4.54% | 3.85% | 3.85% | 3.85% | 3.85% | 3.85% | 3.85% | 3.85% | 3.85% | 3.85% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| JM FINANCIAL SERVICES LIMITEDOther non-institutions | – | – | – | – | – | – | – | – | – | 1.37% | 1.37% | 1.27% | 1.30% | 1.30% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| GENERAL INSURANCE CORPORATION OF INDIAInsurance companies | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| UNITED INDIA INSURANCE COMPANY LIMITEDInsurance companies | 4.44% | 4.44% | 4.44% | 4.44% | 4.27% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| AMBITION MERCHANTS PRIVATE LIMITEDOther non-institutions | 1.99% | 1.82% | 1.82% | 1.11% | 1.08% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Individuals and others: MONARCH INFRAPARKS PRIVATE LIMITED no longer named, from 2.20%; MANSI SHARE & STOCK BROKING PRIVATE LIMITED newly named at 1.39%; RAVIRAJ DEVELOPERS LIMITED 3.16%, +1.12 pts; 1 more moved