Nova Iron Steel Ltd vs Shah Alloys Ltd Stock Comparison

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Last Updated on: May 31, 2026

Key Highlights

The Latest Trading Price of Nova Iron & Steel Ltd is ₹ 12.06 as of 29 May 15:30 . The P/E Ratio of Nova Iron & Steel Ltd changed from 0 on March 2021 to 0 on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe P/E Ratio of Shah Alloys Ltd changed from 2.4 on March 2022 to 0 on March 2025 . This represents a CAGR of -100.00% over 4 years The Market Cap of Nova Iron & Steel Ltd changed from ₹ 0 crore on March 2021 to ₹ 0 crore on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Market Cap of Shah Alloys Ltd changed from ₹ 16.1 crore on March 2021 to ₹ 91 crore on March 2025 . This represents a CAGR of 41.40% over 5 years The revenue of Nova Iron & Steel Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 revenue of ₹ 0 crore. This represent the decline of 0% The revenue of Shah Alloys Ltd for the Dec '25 is ₹ 64.94 crore as compare to the Sep '25 revenue of ₹ 19.88 crore. This represent the growth of 226.66% The ebitda of Nova Iron & Steel Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 ebitda of ₹ 0 crore. This represent the decline of 0% The ebitda of Shah Alloys Ltd for the Dec '25 is ₹ 61.93 crore as compare to the Sep '25 ebitda of ₹ 16.05 crore. This represent the growth of 285.86% The net profit of Nova Iron & Steel Ltd changed from ₹ 0 crore to ₹ 0 crore over 7 quarters. This represents a CAGR of 0.0% The net profit of Shah Alloys Ltd changed from ₹ -6.74 crore to ₹ 36.1 crore over 7 quarters. This represents a CAGR of NaN% The Dividend Payout of Nova Iron & Steel Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Dividend Payout of Shah Alloys Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

About Nova Iron & Steel Ltd

Nova Iron & Steel Limited was incorporated in 1986.
The company was promoted by Nova Magnetics, Nova Electro-Magnetics and Nova Steels, all belonging to R K Gambhir and G K Gambhir of the Nova group.
The Company is engaged in the manufacture of sponge iron and steel.
The company also provides product separation, screening, and storage facilities. During the year 1993-94, the company came out with a public issue of 5,27,00,000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur, Madhya Pradesh. In July 15, 1994, the company inaugurated the sponge iron plant at Bilaspur.
In September 1994, they started trial production.

About Shah Alloys Ltd

Incorporated in November, 1990, Shah Alloys Limited went public in 1992.
It was promoted by Rajendrabhai V Shah and Rajiniben R Shah.
The Company is engaged in the manufacture of Stainless Steel, Alloy & Special Steel, Carbon/ Mild Steel and Armour Steel in Flat and Long products of which it makes Hot Rolled Coils, Sheets & Plates , Cold Rolled Coils & Sheets , Hot Rolled Round Bars , Bright Round Bars , Hot Rolled Flat Bars , Angles, Beams etc. The company came out with a public issue in Dec.'92 to part-finance an expansion scheme, and to meet long-term working capital requirements.
The company has embarked on a Rs 6.53-cr project to manufacture stainless steel and other alloy products, financed by GIIC. It has put up a hot plate rolling mill at a cost of Rs 36.75 cr.
The company received the Dhatu Nayak Award for best performance in the stainless steel industry.

FAQs for the comparison of Nova Iron & Steel Ltd and Shah Alloys Ltd

Which company has a larger market capitalization, Nova Iron & Steel Ltd or Shah Alloys Ltd?

Market cap of Nova Iron & Steel Ltd is 43 Cr while Market cap of Shah Alloys Ltd is 139 Cr

What are the key factors driving the stock performance of Nova Iron & Steel Ltd and Shah Alloys Ltd?

The stock performance of Nova Iron & Steel Ltd and Shah Alloys Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Nova Iron & Steel Ltd and Shah Alloys Ltd?

As of May 31, 2026, the Nova Iron & Steel Ltd stock price is INR ₹12.06. On the other hand, Shah Alloys Ltd stock price is INR ₹70.44.

How do dividend payouts of Nova Iron & Steel Ltd and Shah Alloys Ltd compare?

To compare the dividend payouts of Nova Iron & Steel Ltd and Shah Alloys Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.