Ashoka Metcast

Which are the latest news on Ashoka Metcast?

Why is Ashoka Metcast Ltd falling/rising?

As of 05-Sep, Ashoka Metcast Ltd's stock price is declining, currently at 13.50, with a year-to-date drop of 13.46% and a significant underperformance compared to the Sensex. The stock is trading below all key moving averages, indicating a bearish trend and a lack of investor confidence.

As of 05-Sep, Ashoka Metcast Ltd's stock price is falling, currently at 13.50, reflecting a decrease of 0.33 or 2.39%. The stock has underperformed compared to the benchmark Sensex, which has declined by 0.97% over the past week, while Ashoka Metcast's performance over the same period is worse at -1.17%. <BR><BR>In the last month, the stock has decreased by 6.18%, significantly more than the Sensex's drop of 2.44%. Year-to-date, Ashoka Metcast has seen a decline of 13.46%, compared to the Sensex's 10.21%. Over the past year, the stock has fallen by 18.23%, while the Sensex has only decreased by 5.21%. This trend continues over a three-year period, where Ashoka Metcast's stock has plummeted by 25.41%, contrasting sharply with the Sensex's increase of 16.59%. <BR><BR>Today's performance indicates that Ashoka Metcast is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), which typically signals a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 40.72% compared to the 5-day average. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's downward movement. Overall, these factors collectively explain why Ashoka Metcast Ltd's stock price is currently falling.

Should I buy, sell or hold Ashoka Metcast Ltd?

Who are in the management team of Ashoka Metcast?

The management team of Ashoka Metcast includes Shalin A Shah (Non-Executive Director), Ashok C Shah (Managing Director), Daxaben M. Shah (Non-Executive & Independent Director), Twinkle Kishorbhai (Non-Executive & Independent Director), 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 have any more questions about the company or its management, feel free to ask!

What does Ashoka Metcast do?

Ashoka Metcast Ltd is a Micro Cap company in the Non-Ferrous Metals industry, incorporated in 2009, with recent quarterly net sales of 4 Cr and net profit of 3 Cr as of June 2026. Key metrics include a P/E ratio of 3.00 and a market cap of INR 34 Cr.

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 name changes to "Ashoka Metcast Private Limited" in 2017 and finally to "Ashoka Metcast Limited" later that same year. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 4 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 3 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 34 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 3.00<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: 0.28<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

Who are the peers of the Ashoka Metcast?

Peers of Ashoka Metcast include RR Metalmakers, Sacheta Metals, Nanavati Venture, Sudal Industries, Chennai Ferrous, Utique Enterp., and Sagardeep Alloys. Ashoka Metcast has Below Average management risk and growth, with a 1-year return of -15.99%, better than Sudal Industries but worse than RR Metalmakers, which has the highest return at 29.93%.

Peers: The peers of Ashoka Metcast are RR Metalmakers, Sacheta Metals, Nanavati Venture, Sudal Industries, Chennai Ferrous, Utique Enterp., and Sagardeep Alloys.<BR><BR>Quality Snapshot: Excellent management risk is observed at Chennai Ferrous, while Average management risk is found at RR Metalmakers and the rest. Below Average management risk is noted for Sacheta Metals, Nanavati Venture, Sudal Industries, Ashoka Metcast, Utique Enterp., and Sagardeep Alloys. Growth is Below Average for RR Metalmakers, Sacheta Metals, Nanavati Venture, Sudal Industries, Ashoka Metcast, and the rest, while Average growth is seen at Utique Enterp. Capital Structure is Excellent at Chennai Ferrous and Utique Enterp., Good at Nanavati Venture and Sudal Industries, and Below Average at RR Metalmakers, Sacheta Metals, Ashoka Metcast, and Sagardeep Alloys.<BR><BR>Return Snapshot: The peer with the highest 1-year return is RR Metalmakers at 29.93%, while the peer with the lowest is Sudal Industries at -51.53%. Ashoka Metcast's 1-year return is -15.99%, which is better than Sudal Industries but worse than RR Metalmakers. Additionally, the six-month return is negative for Sudal Industries, Nanavati Venture, and Sagardeep Alloys.

How big is Ashoka Metcast?

As of 31st August, Ashoka Metcast Ltd has a market capitalization of 34.00 Cr, with recent net sales of 26.32 Cr and a net profit of 12.90 Cr. The balance sheet for March 2025 shows shareholder's funds of 111.42 Cr and total assets of 142.84 Cr.

As of 31st August, Ashoka Metcast Ltd has a market capitalization of 34.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Ashoka Metcast reported Net Sales of 26.32 Cr and a Net Profit of 12.90 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 111.42 Cr and Total Assets of 142.84 Cr.

Are Ashoka Metcast Ltd latest results good or bad?

Ashoka Metcast Ltd's latest results show impressive year-on-year growth in net profit and sales, but a significant quarterly decline in profitability and concerns over earnings quality suggest caution for investors. Overall, the results present a mixed picture.

The latest results for Ashoka Metcast Ltd present a mixed picture. On one hand, the company reported a significant year-on-year increase in net profit of ₹2.22 crores, which is a remarkable growth of 311.11%. Additionally, net sales reached ₹10.35 crores, reflecting a strong year-on-year growth of 59.48% and a quarter-on-quarter increase of 54.71%. <BR><BR>However, there are notable concerns. The net profit decreased by 50.56% compared to the previous quarter, indicating volatility in profitability. Moreover, the operating margin, excluding other income, fell sharply to 23.38% from 36.47% in the prior quarter, suggesting operational challenges. The company's heavy reliance on other income, which constituted approximately 61.97% of profit before tax, raises questions about the sustainability and quality of its earnings.<BR><BR>Overall, while the revenue growth is impressive, the significant drop in profitability and the underlying issues regarding earnings quality and operational efficiency indicate that the results are not entirely positive. Investors should approach with caution, considering the mixed signals from the financial performance.

When is the next results date for Ashoka Metcast Ltd?

The next results date for Ashoka Metcast Ltd is 12 August 2026.

The next results date for Ashoka Metcast Ltd is scheduled for 12 August 2026.

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