Ashoka Metcast Ltd

ASHOKAMET

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Market Cap

₹ 38 Cr

P/E

5.93

Turned 1 L into 4.43 L in last 5 Years

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

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.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

38 Cr

Volatility

Moderate Risk

P/E Ratio

5.9

Industry P/E

35.9

PEG Ratio

0.4

P/B Ratio

0.4

52W High

25.10

52W Low

14.00

Sales CAGR

-41.19%

—

-1.88%

10Y

—

Profit CAGR

14.61%

—

10Y

129.20%

ROE

TTM

5.82%

3.07%

1.99%

10Y

1.38%

ROCE

TTM

5.67%

3.56%

2.27%

10Y

1.37%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MEHTAHG	125.90	39 Cr	—	10.31	0.00	-3.31	-3.30	-2.90
NIVAKA	3.74	38 Cr	—	4.51	0.00	-12.15	-7.60	-8.62
ASHOKAMET	15.22	38 Cr	5.93	0.35	0.00	5.82	5.67	4.04
PEARLPOLY	22.62	38 Cr	—	1.11	0.00	-16.56	-16.61	-14.08
SHUBHLAXMI	35.85	38 Cr	42.18	1.68	0.00	10.34	12.87	5.27
CHENFERRO	105.15	38 Cr	10.87	1.37	0.00	6.42	9.08	4.43
PGCRL	141.45	38 Cr	—	1.55	0.00	-0.98	-0.98	-0.93

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	14	5.91	6.73	39	11	14	6.88	6.49	5.45	5.21
Expenses	13	5.69	6.28	34	10	10	4.71	9.66	4.93	4.10
Operating Profit	1.22	0.22	0.45	5.12	0.88	3.85	2.17	-3.17	0.52	1.11
OPM %	8.58	3.72	6.69	13.00	7.82	26.87	31.54	-48.84	9.54	21.31
Other Income	0.00	0.11	0.22	1.43	1.30	0.94	0.54	3.66	1.14	2.53
Interest	0.42	-0.02	0.22	0.91	0.21	0.57	0.40	0.37	0.39	0.38
Depreciation	0.08	0.08	0.08	0.50	0.14	0.35	0.26	-0.11	0.15	0.15
Profit Before Tax	0.72	0.27	0.36	5.14	1.83	3.87	2.05	0.22	1.13	3.12
Tax %	11.11	7.41	5.56	30.74	16.39	9.82	12.68	-145.45	0.00	5.13
Net Profit	0.64	0.25	0.34	3.57	1.52	3.48	1.79	0.54	1.13	2.96
EPS in Rs	0.28	0.14	0.15	1.43	0.61	1.39	0.72	0.22	0.45	1.18

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	19	0.00	22	54	67	50	66	39	33
Expenses	19	0.33	21	53	63	46	59	35	30
Operating Profit	-0.10	-0.33	0.74	1.76	4.37	4.46	7.01	3.75	3.37
OPM %	-0.54	—	3.35	3.24	6.52	8.84	10.57	9.63	10.17
Other Income	-0.24	0.28	0.08	0.04	0.31	0.75	1.75	4.57	6.28
Interest	0.00	0.00	0.30	0.98	1.27	0.72	1.53	1.56	1.73
Depreciation	0.00	0.04	0.41	0.64	0.64	0.43	0.74	0.66	0.65
Profit Before Tax	-0.35	-0.08	0.10	0.17	2.77	4.06	6.49	6.11	7.27
Tax %	2.50	-4.17	24.98	25.82	19.02	24.02	26.13	10.19	4.54
Net Profit	-0.34	-0.09	0.07	0.13	2.24	3.09	4.79	5.49	6.94
EPS in Rs	—	—	—	—	—	—	2.00	2.94	2.57
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	18	25	25	25
Reserves	10	10	9.64	9.76	23	76	80	86
Borrowings	5.54	4.81	15	23	20	15	16	15
Other Liabilities	2.90	2.92	8.83	7.69	13	17	18	17
Total Liabilities	30	29	44	51	74	133	138	143
Fixed Assets	4.98	5.12	12	11	8.49	8.73	17	17
CWIP	0.32	5.10	0.00	0.00	0.00	0.00	0.00	1.50
Investments	13	5.49	5.44	5.47	4.86	4.55	10	11
Other Assets	12	13	27	34	61	120	111	114
Total Assets	30	29	44	51	74	133	138	143

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.26	-10	-7.84	-15	-46	16	-6.27
Cash from Investing Activity	3.27	-0.25	-0.45	-3.64	-5.41	-13	-2.42
Cash from Financing Activity	-0.62	9.79	8.25	18	53	-2.45	7.98
Net Cash Flow	0.39	-0.51	-0.05	-0.00	1.17	0.13	-0.71

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	May 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%	53.65%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%	46.35%
Total Shareholders	547	543	661	3,229	4,818	11,608	16,029	15,426	19,627	19,187	18,804	18,505

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Sep 19, 2025	Irage broking services llp	Bulk	Buy	20.26	0.43 Cr	2,12,525	0.85
Sep 19, 2025	Rimpy mittal	Bulk	Buy	19.84	1.54 Cr	7,75,921	3.10
Sep 19, 2025	Irage broking services llp	Bulk	Sell	19.63	0.39 Cr	1,98,911	0.79
Sep 19, 2025	Rimpy mittal	Bulk	Sell	19.98	1.65 Cr	8,25,921	3.30
Sep 19, 2025	Rimpy mittal	Bulk	Buy	20.38	0.61 Cr	3,01,053	1.20
Sep 19, 2025	Rimpy mittal	Bulk	Sell	19.66	0.49 Cr	2,51,053	1.00
Sep 19, 2025	Irage broking services llp	Bulk	Sell	20.33	0.43 Cr	2,09,406	0.83
Sep 19, 2025	Irage broking services llp	Bulk	Buy	19.65	0.38 Cr	1,95,792	0.78
Sep 18, 2025	Rimpy mittal	Bulk	Buy	18.58	0.77 Cr	4,16,824	1.66
Sep 18, 2025	Rimpy mittal	Bulk	Sell	18.96	0.91 Cr	4,81,824	1.92

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Change in Directors/KMP

3 days ago

Appointment of Independent Director

Mr. Kunjan Nathabhai Rathod appointed as Additional (Independent) Director of Ashoka Metcast Limited, effective 13th December 2025.

Board Meeting Outcome

3 days ago

Board Meeting Outcome

The Board of Directors of Ashoka Metcast Limited appointed Mr. Kunjan Nathabhai Rathod as an Additional Independent Director for five years effective December 13, 2025, pending shareholder approval.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	14	5.91	6.73	39	11	14	6.88	6.49	5.45	5.21
Expenses	13	5.69	6.28	34	10	10	4.71	9.66	4.93	4.10
Operating Profit	1.22	0.22	0.45	5.12	0.88	3.85	2.17	-3.17	0.52	1.11
OPM %	8.58	3.72	6.69	13.00	7.82	26.87	31.54	-48.84	9.54	21.31
Other Income	0.00	0.11	0.22	1.43	1.30	0.94	0.54	3.66	1.14	2.53
Interest	0.42	-0.02	0.22	0.91	0.21	0.57	0.40	0.37	0.39	0.38
Depreciation	0.08	0.08	0.08	0.50	0.14	0.35	0.26	-0.11	0.15	0.15
Profit Before Tax	0.72	0.27	0.36	5.14	1.83	3.87	2.05	0.22	1.13	3.12
Tax %	11.11	7.41	5.56	30.74	16.39	9.82	12.68	-145.45	0.00	5.13
Net Profit	0.64	0.25	0.34	3.57	1.52	3.48	1.79	0.54	1.13	2.96
EPS in Rs	0.28	0.14	0.15	1.43	0.61	1.39	0.72	0.22	0.45	1.18

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	19	0.00	22	54	67	50	66	39	33
Expenses	19	0.33	21	53	63	46	59	35	30
Operating Profit	-0.10	-0.33	0.74	1.76	4.37	4.46	7.01	3.75	3.37
OPM %	-0.54	—	3.35	3.24	6.52	8.84	10.57	9.63	10.17
Other Income	-0.24	0.28	0.08	0.04	0.31	0.75	1.75	4.57	6.28
Interest	0.00	0.00	0.30	0.98	1.27	0.72	1.53	1.56	1.73
Depreciation	0.00	0.04	0.41	0.64	0.64	0.43	0.74	0.66	0.65
Profit Before Tax	-0.35	-0.08	0.10	0.17	2.77	4.06	6.49	6.11	7.27
Tax %	2.50	-4.17	24.98	25.82	19.02	24.02	26.13	10.19	4.54
Net Profit	-0.34	-0.09	0.07	0.13	2.24	3.09	4.79	5.49	6.94
EPS in Rs	—	—	—	—	—	—	2.00	2.94	2.57
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	18	25	25	25
Reserves	10	10	9.64	9.76	23	76	80	86
Borrowings	5.54	4.81	15	23	20	15	16	15
Other Liabilities	2.90	2.92	8.83	7.69	13	17	18	17
Total Liabilities	30	29	44	51	74	133	138	143
Fixed Assets	4.98	5.12	12	11	8.49	8.73	17	17
CWIP	0.32	5.10	0.00	0.00	0.00	0.00	0.00	1.50
Investments	13	5.49	5.44	5.47	4.86	4.55	10	11
Other Assets	12	13	27	34	61	120	111	114
Total Assets	30	29	44	51	74	133	138	143

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.26	-10	-7.84	-15	-46	16	-6.27
Cash from Investing Activity	3.27	-0.25	-0.45	-3.64	-5.41	-13	-2.42
Cash from Financing Activity	-0.62	9.79	8.25	18	53	-2.45	7.98
Net Cash Flow	0.39	-0.51	-0.05	-0.00	1.17	0.13	-0.71

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MEHTAHG	125.90	39 Cr	—	10.31	0.00	-3.31	-3.30	-2.90
NIVAKA	3.74	38 Cr	—	4.51	0.00	-12.15	-7.60	-8.62
ASHOKAMET	15.22	38 Cr	5.93	0.35	0.00	5.82	5.67	4.04
PEARLPOLY	22.62	38 Cr	—	1.11	0.00	-16.56	-16.61	-14.08
SHUBHLAXMI	35.85	38 Cr	42.18	1.68	0.00	10.34	12.87	5.27
CHENFERRO	105.15	38 Cr	10.87	1.37	0.00	6.42	9.08	4.43
PGCRL	141.45	38 Cr	—	1.55	0.00	-0.98	-0.98	-0.93

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

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.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

38 Cr

Volatility

Moderate Risk

P/E Ratio

5.9

Industry P/E

35.9

PEG Ratio

0.4

P/B Ratio

0.4

52W High

25.10

52W Low

14.00

Sales CAGR

-41.19%

—

-1.88%

10Y

—

Profit CAGR

14.61%

—

10Y

129.20%

ROE

TTM

5.82%

3.07%

1.99%

10Y

1.38%

ROCE

TTM

5.67%

3.56%

2.27%

10Y

1.37%