Shah Alloys Limited Reports FY 2026 Financial Results; Confirms Major Asset Sales and Auditor Appointment

Shah Alloys Limited Reports FY 2026 Financial Results; Confirms Major Asset Sales and Auditor Appointment​

Shah Alloys Limited has reported its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Board of Directors reviewed and accepted the financial performance, while simultaneously approving the appointment of a new Internal Auditor for the fiscal year 2026-27.

The company's financial statements for the year ending March 31, 2026, reflect significant exceptional items, including major asset divestments and a bank settlement.

Financial Highlights for Fiscal Year 2026​

The consolidated financial results show the company's Total Revenue (I + II) for the year ending March 31, 2026, stood at 3043 crores. The reported Net Profit/Loss for the period was 107.73 crores, an improvement from the 17.43 crores loss reported in the previous year.

The consolidated financial metrics for the year ended March 31, 2026, compared to the previous year, are summarized below:


For the standalone entity, the Total Revenue reached 48.29 crores for the financial year ended March 31, 2026.

Governance and Internal Audit​

During the board meeting, the Directors also approved the appointment of M/s. G M C A & Co., Chartered Accountants, as the Internal Auditor of Shah Alloys Limited for the Financial Year 2026-27. The firm, located in Ahmedabad, specializes in Internal Audit and Internal Financial Control Reviews.

Key Business Transactions and Exceptional Items​

The audit report highlighted several significant transactions and exceptional items that materially impacted the company's profit and loss statement for the year ended March 31, 2026.

The company recorded the following key gains and settlements:

• Rolling Mill Sale: The sale of the 16-inch Rolling Mill Plant for a consideration of Rs 1700.00 lakhs, generating a profit of Rs 1691.53 lakhs, was reported as an 'Exceptional Item'.
• Plant and Machinery Sale: A sale of Plant and Machinery (including CWIP) along with technical know-how and technology transfer was executed for a consideration of Rs 6300.00 lakhs. The resulting gain of Rs 5347.68 lakhs was treated as an 'Exceptional Item'.
• Associate Disinvestment: Shah Alloys Limited reported a realized gain of Rs 1398.41 lakhs from the disinvestment of shares in its associate, SAL Steel Limited.
• Bank Settlement: The company entered into a settlement agreement with HDFC Bank on January 27, 2026. This settlement provided for the payment of Rs 1800.00 lakhs against a total liability of Rs 2523.77 lakhs, resulting in a waiver of liability amounting to Rs. 723.77 lakhs, which was recorded as an Exceptional Item.

Furthermore, the Consolidated Cash Flow Statement showed a Net Increase in Cash and Equivalents of 15 crores, moving from a closing balance of 1.09 crore at the beginning of the year to 264 crores at the close.

The Balance Sheet data, as of March 31, 2026, showed the company's Total Assets stood at 207.61 crores.

SHAHALLOYS Stock Price Movement​

Shares of Shah Alloys Limited on Friday slipped by 1.21% to settle at ₹70.44. Trading volume for the equity settled at 7,255 shares.