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Ashoka Metcast Overview

Ashoka Metcast Ltd engages within the trading of metal, goods, and other products generally in Gujarat. Its merchandise consist of TMT bars, angles, MS bars, and channels. The organisation incorporated in 2009 and is based in Ahmedabad, India.

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Ashoka Metcast Key Financials

Market Cap ₹42 Cr.

Stock P/E 7.7

P/B 0.3

Current Price ₹16.9

Book Value ₹ 48.8

Face Value 10

52W High ₹21.1

Dividend Yield 0%

52W Low ₹ 11.5

Ashoka Metcast Share Price

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Volume
Price

Ashoka Metcast Quarterly Price

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Ashoka Metcast Peer Comparison

Ashoka Metcast Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 7 39 11 14 7 6 5 5 7 10
Other Income 0 1 1 1 1 4 1 3 3 3
Total Income 7 41 13 15 7 10 7 8 10 13
Total Expenditure 6 34 10 10 5 10 5 4 4 8
Operating Profit 1 7 2 5 3 0 2 4 6 5
Interest 0 1 0 1 0 0 0 0 0 0
Depreciation 0 1 0 0 0 -0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 5 2 4 2 0 1 3 5 4
Provision for Tax 0 2 0 0 0 -0 0 0 1 2
Profit After Tax 0 4 2 3 2 1 1 3 4 2
Adjustments 0 -0 -0 0 -0 0 0 0 0 0
Profit After Adjustments 0 4 2 3 2 1 1 3 4 2
Adjusted Earnings Per Share 0.2 1.4 0.6 1.4 0.7 0.2 0.5 1.2 1.8 0.9

Ashoka Metcast Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 19 0 22 54 67 50 66 39 27
Other Income 0 0 0 0 0 1 2 5 10
Total Income 19 0 22 54 67 51 68 44 38
Total Expenditure 19 0 21 53 63 46 59 35 21
Operating Profit -0 -0 1 2 5 5 9 8 17
Interest 0 0 0 1 1 1 2 2 0
Depreciation 0 0 0 1 1 0 1 1 0
Exceptional Income / Expenses -0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 0 0 3 4 6 6 13
Provision for Tax -0 0 0 0 1 1 2 1 3
Profit After Tax -0 -0 0 0 2 3 5 5 10
Adjustments 0 -0 -0 0 -0 0 0 2 0
Profit After Adjustments -0 -0 0 0 2 3 5 7 10
Adjusted Earnings Per Share -0.3 -0.2 0 0.1 1.2 1.3 1.9 2.9 4.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -41% -17% 12% 0%
Operating Profit CAGR -11% 17% 52% 0%
PAT CAGR 0% 36% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 0% 36% NA%
ROE Average 5% 5% 5% 3%
ROCE Average 6% 6% 6% 4%

Ashoka Metcast Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 21 21 20 20 41 101 105 111
Minority's Interest 0 0 0 0 3 5 7 7
Borrowings 0 5 6 13 8 3 1 7
Other Non-Current Liabilities 3 3 3 2 2 2 2 1
Total Current Liabilities 6 0 14 16 21 22 24 15
Total Liabilities 30 29 44 51 74 133 138 143
Fixed Assets 5 5 12 11 8 9 17 17
Other Non-Current Assets 6 15 9 9 15 21 25 26
Total Current Assets 17 7 23 30 50 103 95 99
Total Assets 30 29 44 51 74 133 138 143

Ashoka Metcast Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 1 0 0 0 1 2
Cash Flow from Operating Activities 0 -2 -10 -8 -15 -46 16 -6
Cash Flow from Investing Activities 0 3 -0 -0 -4 -5 -13 -2
Cash Flow from Financing Activities 0 -1 10 8 18 53 -2 8
Net Cash Inflow / Outflow 0 0 -1 -0 -0 1 0 -1
Closing Cash & Cash Equivalent 0 1 0 0 0 1 2 1

Ashoka Metcast Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.26 -0.18 0.02 0.14 1.19 1.29 1.92 2.94
CEPS(Rs) -0.31 -0.05 0.32 0.59 1.64 1.4 2.21 2.46
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 19.04 18.86 18.4 18.57 19.72 40.42 41.45 44.06
Core EBITDA Margin(%) -0.54 0 2.71 2.97 6.52 8.84 10.61 9.62
EBIT Margin(%) -1.8 0 1.82 2.13 6.03 9.48 12.14 19.68
Pre Tax Margin(%) -1.8 0 0.45 0.32 4.13 8.05 9.8 15.68
PAT Margin (%) -1.76 0 0.33 0.24 3.35 6.12 7.24 14.08
Cash Profit Margin (%) -1.73 0 1.57 1.16 4.3 6.96 8.36 15.77
ROA(%) -1.14 -0.3 0.2 0.27 3.59 2.98 3.54 3.91
ROE(%) -1.65 -0.43 0.37 0.66 8.24 4.55 4.69 5.13
ROCE(%) -1.33 -0.32 1.35 2.98 7.76 5.38 6.78 6.23
Receivable days 146.5 0 145.91 97.31 110.85 188.96 151.29 245.5
Inventory Days 0 0 140.66 67.4 97.4 202.85 182.39 347.69
Payable days 0 0 51 35.69 29.22 47.74 36.03 56.26
PER(x) 0 0 74.47 31.05 6.01 11.94 9.39 5.27
Price/Book(x) 0.45 0.24 0.1 0.24 0.36 0.38 0.43 0.35
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.74 0 0.74 0.51 0.5 1.05 0.91 1.37
EV/Core EBITDA(x) -150.51 -189.61 24.13 16.82 7.1 10.15 6.85 6.43
Net Sales Growth(%) 0 -100 0 146.97 23.45 -24.75 31.34 -41.19
EBIT Growth(%) 0 76.08 584.13 189.22 250.18 18.24 68.13 -4.62
PAT Growth(%) 0 74.09 184.32 76.42 1629.92 37.48 55.36 14.43
EPS Growth(%) 0 30.68 112.98 509.79 731.96 8.08 48.84 53.1
Debt/Equity(x) 0.27 0.24 0.74 1.17 0.6 0.16 0.16 0.14
Current Ratio(x) 3.1 71.24 1.63 1.86 2.37 4.77 4.02 6.48
Quick Ratio(x) 3.1 71.24 1.02 1.15 1.23 3.29 2.57 3.86
Interest Cover(x) -933.93 -66.81 1.33 1.18 3.18 6.63 5.19 4.91
Total Debt/Mcap(x) 0.61 0.99 7.79 4.89 1.66 0.41 0.37 0.4

Ashoka Metcast Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 53.65 53.65 53.65 53.65 53.65 53.65 53.65 53.65 53.65 53.65
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 46.35 46.35 46.35 46.35 46.35 46.35 46.35 46.35 46.35 46.35
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ashoka Metcast News

Ashoka Metcast Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 36.03 to 56.26days.
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