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.

Who are in the management team of Ashoka Metcast?

As of March 2022, the management team of Ashoka Metcast includes Shalin A Shah (Non-Executive Director), Ashok C Shah (Managing Director), Daxaben M. Shah, Twinkle Kishorbhai (both Non-Executive & Independent Directors), Anchal Nareshkumar Bansal (Company Secretary & Compliance Officer), and additional directors Rushabh Shah and Hitesh Donga.

As of March 2022, 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>These members contribute to the governance and operational oversight of the company.

Has Ashoka Metcast declared dividend?

No Dividend History Available

Who are the peers of the Ashoka Metcast?

Peers of Ashoka Metcast include Hindustan Zinc, Vedanta, Hindalco Inds., and others, with varying management risk and growth ratings. In terms of returns, Bothra Metals leads at 22.29%, while Ashoka Metcast has a 1-year return of -25.75%.

Peers: The peers of Ashoka Metcast are Hindustan Zinc, Vedanta, Hindalco Inds., Natl. Aluminium, Hindustan Copper, Chennai Ferrous, Sudal Industries, Utique Enterp., RR Metalmakers, and Bothra Metals.<BR><BR>Quality Snapshot: Excellent management risk is observed at Vedanta, while Good management risk is found at Hindalco Inds., Natl. Aluminium, and Hindustan Copper, and the rest have Below Average or Average management risk. Growth is Excellent at Vedanta and Hindalco Inds., Good at Natl. Aluminium and Hindustan Copper, Average at Ashoka Metcast and Chennai Ferrous, and the rest have Below Average or Good growth. Capital Structure is Excellent at Hindustan Zinc, Natl. Aluminium, and Hindustan Copper, Good at Vedanta, Average at Ashoka Metcast and Hindalco Inds., and the rest have Below Average or Excellent capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bothra Metals at 22.29%, while the lowest is Utique Enterp. at -37.03%. Ashoka Metcast's 1-year return is -25.75%, which is higher than Utique Enterp. but lower than Bothra Metals. Additionally, several peers, including Hindustan Zinc, Hindustan Copper, Utique Enterp., and RR Metalmakers, have negative six-month returns.

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.

What does Ashoka Metcast do?

Ashoka Metcast Ltd is a Micro Cap company in the Non-Ferrous Metals industry, reporting net sales of 65 Cr and a net profit of 5 Cr for March 2025. It was incorporated in 2009 and has a market cap of INR 43 Cr, with a P/E ratio of 6.00.

Overview:<BR>Ashoka Metcast Ltd operates in the Non-Ferrous Metals industry and is classified as a Micro Cap company.<BR><BR>History:<BR>The company was incorporated in 2009 under the name "Tanya Estate Private Limited" and later changed its name to "Ashoka Metcast Private Limited" in 2017. The most recent quarterly results reported net sales and profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 65 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 5 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 43 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 6.00<BR>- Industry P/E: 35<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.13<BR>- Return on Equity: 6.58%<BR>- Price to Book: 0.38<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 24th July, Ashoka Metcast Ltd has a market capitalization of 43.00 Cr, with recent net sales of 38.96 Cr and a net profit of 7.33 Cr. Shareholder's funds are 104.56 Cr, and total assets amount to 137.90 Cr as of March 2024.

As of 24th July, Ashoka Metcast Ltd has a market capitalization of 43.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Ashoka Metcast reported Net Sales of 38.96 Cr and a Net Profit of 7.33 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 104.56 Cr and Total Assets of 137.90 Cr.

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.

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.

When is the next results date for Ashoka Metcast Ltd?

The next results date for Ashoka Metcast Ltd is 13 February 2026.

The next results date for Ashoka Metcast Ltd is scheduled for 13 February 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.

Should I buy, sell or hold Ashoka Metcast Ltd?

Why is Ashoka Metcast Ltd falling/rising?

As of 04-Mar, Ashoka Metcast Ltd's stock price is at 13.96, reflecting a decline of 1.48% and a total drop of 11.37% over the last three days. The stock has underperformed against the Sensex, with significant decreases in both short-term and long-term performance metrics.

As of 04-Mar, Ashoka Metcast Ltd's stock price is falling, currently at 13.96, which reflects a decrease of 0.21 or 1.48%. The stock has been on a downward trend, having lost value for the last three consecutive days, resulting in a total decline of 11.37% 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 persistent weakness in its price performance.<BR><BR>In the broader market context, the stock has underperformed compared to the Sensex, with a 1-week decline of 9.88% against the Sensex's 3.84% drop. Year-to-date, Ashoka Metcast has seen a decline of 10.51%, while the Sensex has only decreased by 7.16%. Over the past year, the stock has fallen by 18.27%, contrasting sharply with the Sensex's gain of 8.39%. <BR><BR>Investor participation has also decreased, with delivery volume dropping by 56.32% compared to the 5-day average, suggesting reduced interest in trading the stock. Overall, these factors contribute to the ongoing decline in Ashoka Metcast Ltd's stock price.

Which are the latest news on Ashoka Metcast?