Shah Foods Ltd

NSE: BSE: 519031

₹353

-0.40 (0.11%)

Thu, 22 Oct 2026, 08:43 pm

MTF 5xInvest in Shah Foods Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)823.95

PE Ratio71.61

Dividend0

Consumer Non-Durables

Food: Specialty/Candy

24.5K

Shah Foods Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-40.37K	-5.88K	-19.23K	-11.15K	-43.64K	-236.68K	-272.79K	-161.60K	-142.31K	-58.07K	-56.28K	-49.85K	-77.33K	-14.96K	-1.68K	-3.68K	-7.38K
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	13.84M	16.16M	15.02M	14.61M	14.77M	18.08M	19.18M	22.41M	26.68M	28.38M	29.07M	16.58M	12.00M	8.61M	6.48M	5.67M	29.33M
Total current assets	6.70M	9.47M	9.41M	6.56M	5.23M	7.44M	6.10M	9.00M	15.43M	17.33M	17.30M	7.68M	5.92M	8.14M	6.01M	5.20M	28.87M
Cash and short term investments	2.47M	2.85M	3.28M	2.74M	1.80M	3.81M	3.47M	5.69M	4.07M	9.08M	6.25M	1.79M	512.41K	2.52M	376.87K	95.43K	479.67K
Cash & equivalents	671.06K	1.01M	1.39M	811.57K	1.80M	3.81M	3.47M	5.69M	4.07M	925.23K	-119.32K	-511.26K	412.44K	2.52M	376.87K	95.43K	479.67K
Short term investments	1.80M	1.84M	1.88M	1.93M	0	0	0	0	0	8.15M	6.37M	2.30M	99.97K	0	0	0	0
Total receivables, net	752.30K	956.51K	838.27K	0	0	0	0	0	6.59M	4.69M	6.42M	5.89M	151.19K	164.69K	64.73K	64.73K	23.17M
Accounts receivable - trade, net	735.11K	932.11K	-113.98K	—	0	0	0	—	—	2.01M	2.29M	513.61K	0	—	—	—	23.12M
Other receivables	17.19K	24.39K	952.25K	—	0	0	0	—	—	2.68M	4.13M	5.37M	151.19K	—	—	—	56.93K
Total inventory	1.48M	3.58M	4.05M	3.82M	3.43M	3.63M	2.63M	3.31M	4.77M	3.54M	4.59M	0	0	0	0	0	0
Other current assets, total	1.23M	1.39M	1.22M	0	0	0	0	0	0	27.94K	30.00K	0	5.26M	5.46M	5.57M	5.04M	5.21M
Total non-current assets	7.14M	6.69M	5.61M	8.04M	9.54M	10.64M	13.08M	13.41M	11.25M	11.05M	11.77M	8.91M	6.08M	462.73K	462.73K	462.73K	462.73K
Long term investments	500.00K	500.00K	0	2.90M	3.49M	4.39M	4.25M	837.42K	0	0	0	0	0	0	0	0	0
Note receivable - long term	—	—	0	2.90M	3.21M	4.09M	3.96M	831.42K	—	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	500.00K	500.00K	0	6.00K	281.54K	292.29K	292.29K	6.00K	0	0	0	0	0	0	0	0	0
Net property/plant/equipment	6.64M	6.19M	5.61M	5.09M	4.79M	6.21M	8.80M	11.05M	10.54M	10.37M	9.65M	1.13M	50.01K	0	0	0	0
Gross property/plant/equipment	10.33M	10.54M	10.66M	10.84M	11.24M	13.47M	16.74M	20.17M	21.13M	23.26M	23.26M	5.35M	77.54K	—	—	—	—
Deferred tax assets	—	—	—	53.02K	50.43K	47.28K	36.90K	76.22K	27.94K	0	165.57K	462.73K	462.73K	462.73K	462.73K	462.73K	462.73K
Net intangible assets	0	0	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0
Goodwill, net	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	—	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0
Other long term assets, total	1	0	0	0	1.21M	0	0	1.45M	680.86K	680.86K	1.96M	7.31M	5.57M	0	0	0	0
Short term debt	0	0	0	0	0	0	0	0	0	0	0	8.00M	0	0	0	0	0
Current portion of LT debt and capital leases	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short term debt excl. current portion of LT debt	0	0	0	0	0	0	0	0	0	0	0	8.00M	0	0	0	0	0
Accounts payable	1.43M	1.50M	1.86M	—	0	0	0	0	0	0	0	0	818.52K	726.66K	63.17K	120.29K	18.42M
Income tax payable	860.00K	1.03M	66.63K	—	—	—	—	—	345.84K	-734.53K	-141.36K	490.00K	—	—	—	—	—
Long term debt	0	0	0	0	0	643.74K	308.69K	148.04K	0	0	0	0	8.50M	8.55M	8.55M	10.48M	12.68M
Long term debt excl. lease liabilities	0	0	0	0	0	643.74K	308.69K	148.04K	0	0	0	0	8.50M	8.55M	8.55M	10.48M	12.68M
Total equity	10.22M	12.16M	12.35M	12.66M	12.69M	13.10M	14.43M	16.50M	22.08M	22.58M	23.04M	5.80M	268.97K	-2.47M	-4.53M	-6.72M	-5.64M
Shareholders' equity	10.22M	12.16M	12.35M	12.66M	12.69M	13.10M	14.43M	16.50M	22.08M	22.58M	23.04M	5.80M	268.97K	-2.47M	-4.53M	-6.72M	-5.64M
Common equity, total	10.22M	12.16M	12.35M	12.66M	12.69M	13.10M	14.43M	16.50M	22.08M	22.58M	23.04M	5.80M	268.97K	-2.47M	-4.53M	-6.72M	-5.64M
Other common equity	4.24M	6.18M	6.38M	6.69M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M
Total debt	0	0	0	0	0	643.74K	308.69K	148.04K	0	0	0	8.00M	8.50M	8.55M	8.55M	10.48M	12.68M
Net debt	-2.47M	—	—	—	-1.80M	-3.17M	-3.16M	-5.54M	-4.07M	-9.08M	-6.25M	6.21M	7.99M	6.03M	8.17M	10.39M	12.20M
Change in accounts receivable	-1.75M	-289.73K	964.40K	-489.77K	—	—	—	—	—	-2.01M	-280.93K	1.78M	513.61K	0	—	—	-23.12M
Change in taxes payable	—	—	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	0	0	-1.22M	-506.31K	—	—	-335.05K	0	0	0	—	—	698.00K	-91.87K	-91.87K	57.12K	18.30M
Change in other assets/liabilities	682.81K	377.74K	0	-416.97K	—	3.25M	241.63K	3.05M	-6.19M	5.43M	-1.43M	-4.46M	-453.30K	66.76K	66.76K	-80.47K	1.93M
Sale of fixed assets & businesses	0	0	0	0	—	0	101.10K	0	0	0	0	74.00K	237.97K	4.61M	4.61M	0	0
Purchase/sale of investments, net	0	0	500.00K	0	—	0	0	0	6.00K	0	0	0	0	0	0	0	0
Sale/maturity of investments	0	0	500.00K	0	—	0	0	0	6.00K	0	0	0	0	0	0	0	0
Purchase of investments	0	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items, total	202.85K	16.16K	0	0	—	0	0	0	0	0	-1.28M	151.78K	1.75M	0	0	0	0
Issuance/retirement of debt, net	0	0	0	0	—	0	0	0	0	0	0	8.00M	500.00K	50.00K	50.00K	1.93M	2.20M
Issuance/retirement of long term debt	0	0	0	0	—	0	0	0	0	0	0	0	500.00K	50.00K	50.00K	1.93M	2.20M
Issuance/retirement of short term debt	0	0	0	0	—	0	0	0	0	0	0	8.00M	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-597.50K	-597.50K	0	0	—	0	0	0	-49.51K	-719.14K	-784.11K	0	0	0	0	0	0
Other financing cash flow items, total	0	0	0	0	—	0	0	0	-148.04K	0	0	0	0	56.93K	56.93K	0	0

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-40.37K	-5.88K	-19.23K	-11.15K	-43.64K	-236.68K	-272.79K	-161.60K	-142.31K	-58.07K	-56.28K	-49.85K	-77.33K	-14.96K	-1.68K	-3.68K	-7.38K
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	13.84M	16.16M	15.02M	14.61M	14.77M	18.08M	19.18M	22.41M	26.68M	28.38M	29.07M	16.58M	12.00M	8.61M	6.48M	5.67M	29.33M
Total current assets	6.70M	9.47M	9.41M	6.56M	5.23M	7.44M	6.10M	9.00M	15.43M	17.33M	17.30M	7.68M	5.92M	8.14M	6.01M	5.20M	28.87M
Cash and short term investments	2.47M	2.85M	3.28M	2.74M	1.80M	3.81M	3.47M	5.69M	4.07M	9.08M	6.25M	1.79M	512.41K	2.52M	376.87K	95.43K	479.67K
Cash & equivalents	671.06K	1.01M	1.39M	811.57K	1.80M	3.81M	3.47M	5.69M	4.07M	925.23K	-119.32K	-511.26K	412.44K	2.52M	376.87K	95.43K	479.67K
Short term investments	1.80M	1.84M	1.88M	1.93M	0	0	0	0	0	8.15M	6.37M	2.30M	99.97K	0	0	0	0
Total receivables, net	752.30K	956.51K	838.27K	0	0	0	0	0	6.59M	4.69M	6.42M	5.89M	151.19K	164.69K	64.73K	64.73K	23.17M
Accounts receivable - trade, net	735.11K	932.11K	-113.98K	—	0	0	0	—	—	2.01M	2.29M	513.61K	0	—	—	—	23.12M
Other receivables	17.19K	24.39K	952.25K	—	0	0	0	—	—	2.68M	4.13M	5.37M	151.19K	—	—	—	56.93K
Total inventory	1.48M	3.58M	4.05M	3.82M	3.43M	3.63M	2.63M	3.31M	4.77M	3.54M	4.59M	0	0	0	0	0	0
Other current assets, total	1.23M	1.39M	1.22M	0	0	0	0	0	0	27.94K	30.00K	0	5.26M	5.46M	5.57M	5.04M	5.21M
Total non-current assets	7.14M	6.69M	5.61M	8.04M	9.54M	10.64M	13.08M	13.41M	11.25M	11.05M	11.77M	8.91M	6.08M	462.73K	462.73K	462.73K	462.73K
Long term investments	500.00K	500.00K	0	2.90M	3.49M	4.39M	4.25M	837.42K	0	0	0	0	0	0	0	0	0
Note receivable - long term	—	—	0	2.90M	3.21M	4.09M	3.96M	831.42K	—	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	500.00K	500.00K	0	6.00K	281.54K	292.29K	292.29K	6.00K	0	0	0	0	0	0	0	0	0
Net property/plant/equipment	6.64M	6.19M	5.61M	5.09M	4.79M	6.21M	8.80M	11.05M	10.54M	10.37M	9.65M	1.13M	50.01K	0	0	0	0
Gross property/plant/equipment	10.33M	10.54M	10.66M	10.84M	11.24M	13.47M	16.74M	20.17M	21.13M	23.26M	23.26M	5.35M	77.54K	—	—	—	—
Deferred tax assets	—	—	—	53.02K	50.43K	47.28K	36.90K	76.22K	27.94K	0	165.57K	462.73K	462.73K	462.73K	462.73K	462.73K	462.73K
Net intangible assets	0	0	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0
Goodwill, net	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	—	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0
Other long term assets, total	1	0	0	0	1.21M	0	0	1.45M	680.86K	680.86K	1.96M	7.31M	5.57M	0	0	0	0
Short term debt	0	0	0	0	0	0	0	0	0	0	0	8.00M	0	0	0	0	0
Current portion of LT debt and capital leases	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short term debt excl. current portion of LT debt	0	0	0	0	0	0	0	0	0	0	0	8.00M	0	0	0	0	0
Accounts payable	1.43M	1.50M	1.86M	—	0	0	0	0	0	0	0	0	818.52K	726.66K	63.17K	120.29K	18.42M
Income tax payable	860.00K	1.03M	66.63K	—	—	—	—	—	345.84K	-734.53K	-141.36K	490.00K	—	—	—	—	—
Long term debt	0	0	0	0	0	643.74K	308.69K	148.04K	0	0	0	0	8.50M	8.55M	8.55M	10.48M	12.68M
Long term debt excl. lease liabilities	0	0	0	0	0	643.74K	308.69K	148.04K	0	0	0	0	8.50M	8.55M	8.55M	10.48M	12.68M
Total equity	10.22M	12.16M	12.35M	12.66M	12.69M	13.10M	14.43M	16.50M	22.08M	22.58M	23.04M	5.80M	268.97K	-2.47M	-4.53M	-6.72M	-5.64M
Shareholders' equity	10.22M	12.16M	12.35M	12.66M	12.69M	13.10M	14.43M	16.50M	22.08M	22.58M	23.04M	5.80M	268.97K	-2.47M	-4.53M	-6.72M	-5.64M
Common equity, total	10.22M	12.16M	12.35M	12.66M	12.69M	13.10M	14.43M	16.50M	22.08M	22.58M	23.04M	5.80M	268.97K	-2.47M	-4.53M	-6.72M	-5.64M
Other common equity	4.24M	6.18M	6.38M	6.69M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M	1.83M
Total debt	0	0	0	0	0	643.74K	308.69K	148.04K	0	0	0	8.00M	8.50M	8.55M	8.55M	10.48M	12.68M
Net debt	-2.47M	—	—	—	-1.80M	-3.17M	-3.16M	-5.54M	-4.07M	-9.08M	-6.25M	6.21M	7.99M	6.03M	8.17M	10.39M	12.20M
Change in accounts receivable	-1.75M	-289.73K	964.40K	-489.77K	—	—	—	—	—	-2.01M	-280.93K	1.78M	513.61K	0	—	—	-23.12M
Change in taxes payable	—	—	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	0	0	-1.22M	-506.31K	—	—	-335.05K	0	0	0	—	—	698.00K	-91.87K	-91.87K	57.12K	18.30M
Change in other assets/liabilities	682.81K	377.74K	0	-416.97K	—	3.25M	241.63K	3.05M	-6.19M	5.43M	-1.43M	-4.46M	-453.30K	66.76K	66.76K	-80.47K	1.93M
Sale of fixed assets & businesses	0	0	0	0	—	0	101.10K	0	0	0	0	74.00K	237.97K	4.61M	4.61M	0	0
Purchase/sale of investments, net	0	0	500.00K	0	—	0	0	0	6.00K	0	0	0	0	0	0	0	0
Sale/maturity of investments	0	0	500.00K	0	—	0	0	0	6.00K	0	0	0	0	0	0	0	0
Purchase of investments	0	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items, total	202.85K	16.16K	0	0	—	0	0	0	0	0	-1.28M	151.78K	1.75M	0	0	0	0
Issuance/retirement of debt, net	0	0	0	0	—	0	0	0	0	0	0	8.00M	500.00K	50.00K	50.00K	1.93M	2.20M
Issuance/retirement of long term debt	0	0	0	0	—	0	0	0	0	0	0	0	500.00K	50.00K	50.00K	1.93M	2.20M
Issuance/retirement of short term debt	0	0	0	0	—	0	0	0	0	0	0	8.00M	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-597.50K	-597.50K	0	0	—	0	0	0	-49.51K	-719.14K	-784.11K	0	0	0	0	0	0
Other financing cash flow items, total	0	0	0	0	—	0	0	0	-148.04K	0	0	0	0	56.93K	56.93K	0	0