Ashoka Metcast

Why is Ashoka Metcast Ltd falling/rising?

As of 14-Jun, Ashoka Metcast Ltd's stock price is declining, currently at 15.02, reflecting a 0.86% drop and underperforming its sector. The stock has fallen for three consecutive days, with significant decreases in investor participation and trading below all major moving averages.

As of 14-Jun, Ashoka Metcast Ltd's stock price is falling, currently at 15.02, which reflects a decrease of 0.13 or 0.86%. The stock has underperformed its sector by 3.5% today and has been on a consecutive decline for the last three days, resulting in a total drop of 4.11% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. <BR><BR>Investor participation has also decreased significantly, with delivery volume dropping by 69.48% compared to the 5-day average, suggesting reduced interest from investors. Over the past week, the stock has declined by 2.40%, while the benchmark Sensex has gained 1.73%, further highlighting its underperformance. Overall, these factors contribute to the ongoing decline in Ashoka Metcast Ltd's stock price.

Which are the latest news on Ashoka Metcast?

What does Ashoka Metcast do?

Ashoka Metcast Ltd, a Micro Cap company in the Non-Ferrous Metals industry, reported net sales of 10 Cr and a profit of 2 Cr for March 2026. The company, incorporated in 2009 and renamed in 2017, has a market cap of INR 38 Cr and key metrics including a P/E of 4.00 and a debt-equity ratio of 0.46.

Overview: <BR>Ashoka Metcast Ltd operates in the Non-Ferrous Metals industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>The company was incorporated in 2009 as "Tanya Estate Private Limited" and underwent several name changes, becoming "Ashoka Metcast Limited" in November 2017. The latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 10 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 38 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 4.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.46 <BR>Return on Equity: 8.85% <BR>Price to Book: 0.32<BR><BR>Contact Details: <BR>Address: 7th Floor Ashoka Chambers, Opp HCG Hospitals Mithakhali Ahmedabad Gujarat : 380006 <BR>Tel: 91-79-26463226 <BR>Email: info@ashokametcast.in <BR>Website: http://www.ashokametcast.in

How big is Ashoka Metcast?

As of 10th June, Ashoka Metcast Ltd has a market capitalization of 38.00 Cr, with recent net sales of 27.70 Cr and a net profit of 10.80 Cr. Shareholder's funds are 111.42 Cr, and total assets amount to 142.84 Cr as of March 2025.

As of 10th June, Ashoka Metcast Ltd has a market capitalization of 38.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Ashoka Metcast reported Net Sales of 27.70 Cr and a Net Profit of 10.80 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 111.42 Cr and Total Assets of 142.84 Cr.

Who are in the management team of Ashoka Metcast?

The management team of Ashoka Metcast includes Ashok C Shah (Managing Director), Shalin A Shah (Non-Executive Director), Daxaben M. Shah and Twinkle Kishorbhai (Non-Executive & Independent Directors), Anchal Nareshkumar Bansal (Company Secretary & Compliance Officer), and additional directors Rushabh Shah and Hitesh Donga.

The management team of Ashoka Metcast includes the following individuals:<BR><BR>1. **Shalin A Shah** - Non Executive Director<BR>2. **Ashok C Shah** - Managing Director<BR>3. **Daxaben M. Shah** - Non-Executive & Independent Director<BR>4. **Twinkle Kishorbhai** - Non-Executive & Independent Director<BR>5. **Anchal Nareshkumar Bansal** - Company Secretary & Compliance Officer<BR>6. **Rushabh Shah** - Additional Director<BR>7. **Hitesh Donga** - Additional Director<BR><BR>If you need more information about any specific member or their roles, feel free to ask!

Who are the peers of the Ashoka Metcast?

Peers of Ashoka Metcast include Palco Metals Ltd, Nanavati Venture, Sacheta Metals, RR Metalmakers, Sudal Industries, Chennai Ferrous, Utique Enterp., and Sagardeep Alloys. Palco Metals Ltd shows excellent management and growth, while RR Metalmakers has the highest 1-year return at 16.68%, and Sacheta Metals has the lowest at -18.24%.

Peers: The peers of Ashoka Metcast are Palco Metals Ltd, Nanavati Venture, Sacheta Metals, RR Metalmakers, Sudal Industries, Chennai Ferrous, Utique Enterp., and Sagardeep Alloys.<BR><BR>Quality Snapshot: Excellent management risk is observed at Palco Metals Ltd, while Average management risk is found at Chennai Ferrous and RR Metalmakers, and the rest have Below Average management risk. Good growth is seen at Palco Metals Ltd and Sagardeep Alloys, while Average growth is found at Utique Enterp. and the rest have Below Average growth. Excellent capital structure is noted at Chennai Ferrous and Utique Enterp., while Average capital structure is seen at Sudal Industries, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: RR Metalmakers has the highest 1-year return at 16.68%, while Sacheta Metals has the lowest at -18.24%. Ashoka Metcast's 1-year return of -10.32% is better than Sacheta Metals but worse than RR Metalmakers. Additionally, Sudal Industries, Sampat Aluminium, and Sagardeep Alloys have negative six-month returns.

Should I buy, sell or hold Ashoka Metcast Ltd?

When is the next results date for Ashoka Metcast Ltd?

The next results date for Ashoka Metcast Ltd is 02 May 2026.

The next results date for Ashoka Metcast Ltd is scheduled for 02 May 2026.

Are Ashoka Metcast Ltd latest results good or bad?

Ashoka Metcast Ltd's latest results show strong net profit growth of 150.84% year-on-year, but revenue declined by 2.76%, raising concerns about sustainability due to heavy reliance on non-operating income. Overall, the results are mixed, indicating good profit growth but troubling revenue stability.

The latest results for Ashoka Metcast Ltd present a mixed picture. On one hand, the company reported a significant net profit growth of 150.84% year-on-year, reaching ₹4.49 crores, and a sequential profit increase of 51.69%. Additionally, the operating margin (excluding other income) improved to 36.47%, marking the highest level in eight quarters. <BR><BR>However, there are notable concerns. Revenue for the quarter declined by 2.76% year-on-year to ₹6.69 crores, and the overall revenue trajectory has been troubling, with a sharp decline of 43.89% in the first half of FY26 compared to the same period last year. The company's profitability is heavily reliant on non-operating income, which constituted 61.79% of profit before tax, raising questions about the sustainability of these earnings.<BR><BR>In summary, while the profit figures and margins appear strong, the declining revenue and heavy dependence on other income suggest underlying operational challenges. Therefore, the results can be seen as good in terms of profit growth but concerning regarding revenue stability and overall business health.

How has been the historical performance of Ashoka Metcast?

Ashoka Metcast has experienced fluctuating net sales, peaking at 67.03 Cr in March 2022 and declining to 38.96 Cr by March 2025, despite improved profitability metrics and total assets growth. The company faces challenges in cash flow generation, with negative cash flow of -6.00 Cr in March 2025.

Answer:<BR>The historical performance of Ashoka Metcast shows a fluctuating trend in net sales and profitability over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Ashoka Metcast's net sales peaked at 67.03 Cr in March 2022 but have since decreased to 38.96 Cr by March 2025. The total operating income followed a similar pattern, reaching 66.25 Cr in March 2024 before dropping to 38.96 Cr in March 2025. The raw material costs have also seen a decline, from 67.15 Cr in March 2022 to 37.84 Cr in March 2025. Despite these challenges, the operating profit (PBDIT) has shown improvement, rising from 0.68 Cr in March 2020 to 10.18 Cr in March 2025, indicating better operational efficiency. The profit before tax increased from 0.10 Cr in March 2020 to 7.96 Cr in March 2025, while the profit after tax reached 7.34 Cr in March 2025, up from 0.07 Cr in March 2020. The company's total assets have grown from 43.78 Cr in March 2020 to 142.84 Cr in March 2025, reflecting a significant increase in financial strength. However, total debt has remained relatively stable, with a slight decrease from 15.79 Cr in March 2024 to 14.93 Cr in March 2025. Cash flow from operating activities has been negative in recent years, indicating challenges in cash generation, with a cash flow of -6.00 Cr in March 2025. Overall, while Ashoka Metcast has improved its profitability metrics, it faces challenges in sales and cash flow generation.

How has been the historical performance of Ashoka Metcast?

Ashoka Metcast has experienced fluctuating net sales, peaking at 67.03 Cr in March 2022 and declining to 38.96 Cr by March 2025, while profitability improved significantly, with profit after tax rising from 0.07 Cr in March 2020 to 7.34 Cr in March 2025. Despite growth in assets, the company faces challenges with declining sales and negative cash flow.

Answer:<BR>The historical performance of Ashoka Metcast shows a fluctuating trend in net sales and profitability over the years, with significant growth in recent periods.<BR><BR>Breakdown:<BR>Ashoka Metcast's net sales peaked at 67.03 Cr in March 2022 but have since declined to 38.96 Cr in March 2025. The total operating income followed a similar trend, reaching a high of 67.03 Cr in March 2022 and dropping to 38.96 Cr in March 2025. Raw material costs have also varied, peaking at 67.15 Cr in March 2022 and decreasing to 37.84 Cr in March 2025. Despite these fluctuations, the operating profit (PBDIT) increased from 0.68 Cr in March 2020 to 10.18 Cr in March 2025, indicating improved operational efficiency. Profit before tax rose significantly from 0.10 Cr in March 2020 to 7.96 Cr in March 2025, while profit after tax also saw a substantial increase from 0.07 Cr in March 2020 to 7.34 Cr in March 2025. The company's total assets grew from 43.78 Cr in March 2020 to 142.84 Cr in March 2025, reflecting a strong asset base. However, total liabilities also increased from 43.78 Cr in March 2020 to 142.84 Cr in March 2025, indicating a rise in debt levels. Cash flow from operating activities has been negative in recent years, with a notable outflow of 6.00 Cr in March 2025. Overall, while Ashoka Metcast has shown growth in profitability and asset accumulation, it faces challenges with declining sales and cash flow management.

Is Ashoka Metcast overvalued or undervalued?

As of March 18, 2024, Ashoka Metcast is considered very attractive and undervalued with a PE ratio of 5.90, a Price to Book Value of 0.39, and an EV to EBITDA ratio of 15.38, significantly lower than its peers, indicating strong potential for recovery despite a recent year-to-date decline of -27.03%.

As of 18 March 2024, the valuation grade for Ashoka Metcast has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, with a PE ratio of 5.90, a Price to Book Value of 0.39, and an EV to EBITDA ratio of 15.38. These ratios suggest that the stock is trading at a substantial discount compared to its earnings and book value.<BR><BR>In comparison to its peers, Ashoka Metcast stands out with its low PE ratio of 5.90, especially when juxtaposed with MMTC Ltd., which has a PE ratio of 119.39, and Elitecon International, which is valued at 131.08. Additionally, the PEG ratio of Ashoka Metcast is notably low at 0.11, further reinforcing its undervaluation. Despite recent underperformance compared to the Sensex, with a year-to-date return of -27.03% versus the Sensex's 5.56%, the long-term performance of 700% over five years highlights its potential for recovery and growth.

What is the technical trend for Ashoka Metcast?

As of June 2, 2025, Ashoka Metcast's trend has shifted to bearish with moderate strength, driven by bearish signals from moving averages, RSI, Bollinger Bands, and other indicators, suggesting a continued negative market sentiment.

As of 2 June 2025, the technical trend for Ashoka Metcast has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this assessment include a bearish signal from the daily moving averages and a bearish RSI on the weekly timeframe. Additionally, both the weekly and monthly Bollinger Bands are bearish, supporting the overall negative outlook. The MACD shows a mildly bullish signal on the weekly but is mildly bearish on the monthly, indicating some short-term divergence. The KST and OBV are also mildly bearish on the weekly, reinforcing the bearish trend. Overall, the combination of these indicators suggests a continued bearish sentiment in the market for Ashoka Metcast.

Who are the top shareholders of the Ashoka Metcast?

The top shareholders of Ashoka Metcast include its promoters, with Shalin Ashok Shah holding 22.18% of the shares. Individual investors own 42.85%, while there are no holdings from mutual funds or foreign institutional investors, and no pledged promoter holdings.

The top shareholders of Ashoka Metcast primarily consist of its promoters, with Shalin Ashok Shah holding the highest stake at 22.18%. Additionally, individual investors collectively own 42.85% of the company's shares. There are currently no holdings from mutual funds or foreign institutional investors (FIIs), and there are no pledged promoter holdings.

Has Ashoka Metcast declared dividend?

No Dividend History Available