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Ashoka Metcast Limited is engaged primarily in the trading of structural steel products such as TMT bars, angles, channels, and MS bars.
The company was initially involved in real estate, infrastructure, and land plotting but shifted focus due to market challenges, now concentrating on trading operations since September 2017.
Ashoka Metcast made a strategic acquisition of Shree Ghantakarna Rolling Mills Pvt. Ltd. in 2017, expanding its operational scope in the steel trading sector.
In January 2018, the company raised capital through an IPO, issuing 60 lakh equity shares totaling Rs 12 crore, to bolster its trading operations.
Trading
Trading - Medium / Small
37 Cr
Low Risk
4.0
37.3
0.3
0.3
21.11
13.00
Sales CAGR
Profit CAGR
ROE
ROCE
Bearish
3
Neutral
6
Bullish
5
Bearish
28
Neutral
6
Bullish
12
Bearish
25
Neutral
0
Bullish
7
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Ashoka Metcast Ltd (ASHOKAMET) is currently trading at 14.70 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Ashoka Metcast Limited is engaged primarily in the trading of structural steel products such as TMT bars, angles, channels, and MS bars. The company was initially involved in real estate, infrastructure, and land plotting but shifted focus due to market challenges, now concentrating on trading operations since September 2017. Ashoka Metcast made a strategic acquisition of Shree Ghantakarna Rolling Mills Pvt. Ltd. in 2017, expanding its operational scope in the steel trading sector. In January 2018, the company raised capital through an IPO, issuing 60 lakh equity shares totaling Rs 12 crore, to bolster its trading operations.
Over the past 52 weeks, Ashoka Metcast Ltd has traded between a low of ₹13.00 and a high of ₹21.11. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Ashoka Metcast Ltd has a market capitalization of approximately 36.74. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Ashoka Metcast Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 4.03 and operates in the Trading sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 36.74 Cr, Ashoka Metcast Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Ashoka Metcast Ltd operates in the Trading sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Ashoka Metcast Ltd is 4.03. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.
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Memorandum Amendment
Members approved (via postal ballot on 4 Mar 2026) insertion of a new main-object clause permitting trading, investing and dealing in commodities and commodity derivatives in India and abroad.
Postal Ballot Results
Ashoka Metcast announced postal ballot results dated 4 Mar 2026: both special resolutions — regularization of Mr. Kunjan N. Rathod as Non‑Executive Independent Director and alteration to the Memorandum's object clause — were passed by requisite majority; scrutinizer: Chintan K. Patel.
Postal Ballot Results
Ashoka Metcast Ltd: remote e‑voting concluded 4 Mar 2026; shareholders approved two special resolutions — regularisation of Mr. Kunjan N. Rathod as Non‑Executive Independent Director and alteration to MOA object clause; scrutinizer report submitted.
Postal Ballot Outcome
Ashoka Metcast Limited reported postal ballot results (4 Mar 2026): shareholders approved two special resolutions — regularising Mr. Kunjan N. Rathod as Non‑Executive Independent Director and altering the company's Memorandum of Association; scrutinizer: Chintan K. Patel.
| Symbol | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
0.43 | 38 Cr | 8.60 | 0.41 | 0.00 | 0.00 | 0.00 | — | |
19.50 | 38 Cr | 2.79 | 0.48 | 3.08 | 2.86 | 6.26 | 1.65 | |
0.87 | 37 Cr | 10.65 | 0.77 | 0.00 | 6.34 | 6.34 | 11.77 | |
52.87 | 37 Cr | 12.09 | 1.21 | 0.00 | 6.44 | 9.78 | 8.28 | |
14.70 | 37 Cr | 4.03 | 0.33 | 0.00 | 5.82 | 5.67 | 5.73 | |
29.50 | 37 Cr | -4.11 | 0.81 | 0.00 | -19.78 | -4.27 | -9.62 | |
105.00 | 36 Cr | 131.25 | 4.70 | 0.00 | 18.55 | 22.71 | 19.45 |
