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Ashoka Metcast

₹21.5 0.5 | 2.4%

Market Cap ₹54 Cr.

Stock P/E 26.2

P/B 0.5

Current Price ₹21.5

Book Value ₹ 41.2

Face Value 10

52W High ₹35.7

Dividend Yield 0%

52W Low ₹ 16

Ashoka Metcast Research see more...

Overview Inc. Year: 2009Industry: Trading

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 Share Price

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Quarterly Price

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Peer Comparison

Ashoka Metcast Quarterly Results

#(Fig in Cr.) Jun 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 18 14 6 7
Other Income 1 0 0 0
Total Income 19 14 6 7
Total Expenditure 19 13 6 6
Operating Profit 1 1 0 1
Interest 0 0 -0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 0 1 0 0
Provision for Tax 0 0 0 0
Profit After Tax 0 1 0 0
Adjustments 0 0 0 0
Profit After Adjustments 0 1 0 0
Adjusted Earnings Per Share 0.2 0.3 0.1 0.2

Ashoka Metcast Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 19 0 22 54 67 50 45
Other Income 0 0 0 0 0 1 1
Total Income 19 0 22 54 67 51 46
Total Expenditure 19 0 21 53 63 46 44
Operating Profit -0 -0 1 2 5 5 3
Interest 0 0 0 1 1 1 0
Depreciation 0 0 0 1 1 0 0
Exceptional Income / Expenses -0 0 0 0 0 0 0
Profit Before Tax -0 -0 0 0 3 4 1
Provision for Tax -0 0 0 0 1 1 0
Profit After Tax -0 -0 0 0 2 3 1
Adjustments 0 -0 -0 0 -0 0 0
Profit After Adjustments -0 -0 0 0 2 3 1
Adjusted Earnings Per Share -0.3 -0.2 0 0.1 1.2 1.3 0.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -25% 31% 21% 0%
Operating Profit CAGR 0% 71% 0% 0%
PAT CAGR 50% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 10% 72% 37% NA%
ROE Average 5% 4% 3% 2%
ROCE Average 5% 5% 3% 3%

Ashoka Metcast Balance Sheet

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

Ashoka Metcast Cash Flow

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

Ashoka Metcast Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -0.26 -0.18 0.02 0.14 1.19 1.29
CEPS(Rs) -0.31 -0.05 0.32 0.59 1.64 1.4
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 19.04 18.86 18.4 18.57 19.72 40.42
Core EBITDA Margin(%) -0.54 0 2.71 2.97 6.52 8.84
EBIT Margin(%) -1.8 0 1.82 2.13 6.03 9.48
Pre Tax Margin(%) -1.8 0 0.45 0.32 4.13 8.05
PAT Margin (%) -1.76 0 0.33 0.24 3.35 6.12
Cash Profit Margin (%) -1.73 0 1.57 1.16 4.3 6.96
ROA(%) -1.14 -0.3 0.2 0.27 3.59 2.98
ROE(%) -1.65 -0.43 0.37 0.66 8.24 4.55
ROCE(%) -1.33 -0.32 1.35 2.98 7.76 5.38
Receivable days 146.5 0 145.91 97.31 110.85 188.96
Inventory Days 0 0 140.66 67.4 97.4 202.85
Payable days 0 0 51 35.69 29.22 47.74
PER(x) 0 0 74.47 31.05 6.01 11.94
Price/Book(x) 0.45 0.24 0.1 0.24 0.36 0.38
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.74 0 0.74 0.51 0.5 1.05
EV/Core EBITDA(x) -150.51 -189.61 24.13 16.82 7.1 10.15
Net Sales Growth(%) 0 -100 0 146.97 23.45 -24.75
EBIT Growth(%) 0 76.08 584.13 189.22 250.18 18.24
PAT Growth(%) 0 74.09 184.32 76.42 1629.92 37.48
EPS Growth(%) 0 30.68 112.98 509.79 731.96 8.08
Debt/Equity(x) 0.27 0.24 0.74 1.17 0.6 0.16
Current Ratio(x) 3.1 71.24 1.63 1.86 2.37 4.77
Quick Ratio(x) 3.1 71.24 1.02 1.15 1.23 3.29
Interest Cover(x) -933.93 -66.81 1.33 1.18 3.18 6.63
Total Debt/Mcap(x) 0.61 0.99 7.79 4.89 1.66 0.41

Ashoka Metcast Shareholding Pattern

# Mar 2021 Sep 2021 Mar 2022 Jun 2022 Sep 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 43.98 43.98 48.76 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 56.02 56.02 51.24 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

Pros

  • Stock is trading at 0.5 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 29.22 to 47.74days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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