Ashoka Metcast Ltd.

•

ashokametcast.inBSE: 540923NSE: ASHOKAMET

Market Cap₹ 34 Cr.

Current Price

High / Low₹ 21 / 12

Stock P/E159.9

Book Value₹ 16

Price to Book0.77

Dividend Yield0.00 %

ROCE1.4 %

ROE1.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Steel Trading: 83.6% • Trading of Goods: 16.4%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company comfortably covers its interest (306.0x coverage)
Working capital cycle has improved - days down from 614 to 384
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (164.4% of PBT)
Recent results are weak - TTM profit is down 83.9% versus prior year
Company has a low return on capital employed of 4.1%
Company has a low return on equity of 3.4% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.37x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	2936.00	53.39	397452.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	998.00	27.21	45304.36	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	AEGISLOG	1270.55	35.64	44596.31	0.68	544.84	210.70	2356.86	37.07	19.76	30.28
4.	CPPLUS	3705.90	91.86	43840.96	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	371.40	17.07	29035.10	1.62	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.75	61.67	15347.59	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	74.20	100.87	11327.02	0.20	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	826.10	83.74	10411.77	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	64.18	21.52	9627.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1827.20	63.41	7952.54	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	342.50	24.69	7724.69	0.44	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	ASHOKAMET	13.50	2.61	33.74	0.00	3.23	187.21	4.07	-25.30	10.02	-18.05

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1	0	0	1	1	1	0	0	0	0	1	2	1
	1	0	0	1	1	1	1	0	1	0	0	2	1
Operating Profit	0	-0	-0	-0	-0	0	-0	-0	-0	0	0	-0	-0
OPM %	2.74%	-10.00%	—	-4.62%	-3.85%	0.00%	-10.00%	—	-21.43%	2.22%	11.11%	-7.03%	-14.66%
	0	0	0	1	1	1	1	0	0	0	0	1	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	-0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	0	0	1	1	1	0	0	0	0	0	0	0
Tax %	0.00%	0.00%	0.00%	32.32%	14.96%	7.53%	14.89%	-66.67%	0.00%	0.00%	0.00%	100.00%	0.00%
Net Profit	0	0	0	1	1	1	0	0	0	0	0	0	0
	0.00	0.03	0.07	0.27	0.43	0.34	0.16	0.02	0.15	0.03	0.02	0.00	0.03

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	19	0	2	2	0	3	1	2	3	4
	0	19	0	2	2	0	3	2	2	4	4
Operating Profit	0	-0	-0	-0	0	-0	-0	-0	-0	-0	-0
OPM %	14.72%	-0.24%	—	-0.73%	1.18%	—	-3.50%	-1.46%	-15.31%	-11.28%	-4.56%
	0	0	0	0	0	0	0	1	3	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	-0	-0	-0	-0	-0	0	1	3	1	0
Tax %	23.85%	17.71%	-3.81%	25.17%	16.55%	3.48%	1.61%	25.49%	11.51%	25.18%	45.33%
Net Profit	0	-0	-0	-0	-0	-0	0	1	2	1	0
EPS	0.00	0.00	0.00	-0.03	-0.35	-0.04	0.03	0.37	0.96	0.20	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 8%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: 80%
5 Years:: —
3 Years:: 76%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -9%
1 Year:: -17%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 2%
3 Years:: 3%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	11	11	11	11	18	25	25	25	25
	0	11	11	11	11	10	11	11	14	14
	11	6	5	3	1	4	1	1	1	17
Trade Payables	0	0	0	0	0	0	4	0	0	0
	0	0	0	-0	0	6	0	0	1	1
Total Liabilities	11	27	26	25	23	38	40	38	41	57
	0	0	0	0	0	0	0	0	0	0
	5	16	9	9	16	18	18	24	22	17
	0	0	0	0	0	0	0	3	3	3
Cash & Bank	0	0	1	0	0	0	1	0	1	1
	6	11	17	16	6	20	21	11	14	35
Total Assets	11	27	26	25	23	38	40	38	41	57

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-8	-16	-0	2	-0	2	0	-2	-0	1
Cash from Investing	-1	-11	7	-0	0	-17	2	1	1	-16
Cash from Financing	9	27	-6	-2	-0	16	-1	0	0	16
	0	0	0	-1	-0	0	1	-1	0	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	10.67	-0.04	-0.08	-0.03	-0.00	-0.06	0.04	0.37	0.96	0.20
Book Value (₹)	13.02	19.88	19.80	19.82	19.72	15.96	14.21	14.58	15.40	15.63
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	11.01	-0.03	-0.06	-0.00	0.03	-0.03	0.06	0.38	0.97	0.23
PROFITABILITY
Operating Margin %	14.72%	-0.22%	0.00%	-0.65%	1.21%	0.00%	5.43%	-1.46%	-15.31%	-11.28%
Net Margin %	10.83%	-0.20%	0.00%	-1.63%	-0.17%	0.00%	3.41%	62.26%	132.95%	15.39%
ROE %	139.28%	-0.35%	-0.39%	-0.15%	-0.02%	-0.40%	0.29%	2.57%	6.38%	1.29%
ROCE %	23.80%	-0.37%	-0.33%	-0.19%	-0.02%	-0.34%	0.26%	3.51%	7.21%	1.44%
	0.07%	-0.20%	-0.31%	-0.13%	-0.02%	-0.32%	0.23%	2.37%	6.08%	1.02%
EFFICIENCY
Debtor Days	358	74	0	947	628	0	426	965	658	363
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	42	74	0	270	556	93	47
	358	74	0	905	554	0	156	409	565	316
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.14x	0.11x	0.01x	0.00x	0.11x	0.00x	0.00x	0.00x	0.41x
Interest Coverage (x)	96.74x	-261.08x	-137.43x	-292.59x	-13.96x	-110.89x	155.83x	52.41x	5402.80x	305.95x
	125.52x	5.88x	234.24x	11.23x	6.88x	3.59x	1.65x	4.85x	4.16x	3.65x
GROWTH
Revenue Growth %	0.00%	0.00%	-100.00%	0.00%	11.72%	-100.00%	0.00%	-44.67%	21.24%	81.43%
Operating Profit Growth %	935.59%	-394.18%	-31.29%	77.02%	307.97%	-317.12%	350.43%	782.47%	112.52%	-73.05%
Net Profit Growth %	661.86%	-451.14%	-123.11%	61.48%	88.36%	-2495.04%	194.03%	910.07%	158.89%	-79.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	910.07%	158.89%	-79.00%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	48.74x	16.19x	60.31x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.23x	1.01x	0.77x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	34.84x	14.00x	60.90x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	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
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.35	46.35	46.35	46.35	46.35	46.35	46.35	46.35	46.35

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

General Updates

2026-08-26 - Ashoka Metcast Limited has informed the Exchange about Annual Report 2025-26 Web Link Letters to Shareholders

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Ashoka Metcast Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-26

Shareholders meeting

2026-08-26 - Ashoka Metcast Limited has informed the Exchange about Shareholders meeting

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Ashoka Metcast Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Record Date

2026-08-12 - Ashoka Metcast Limited has informed the Exchange that Book Closure is fixed for the purpose of 17th AGM of the Company (Record date: 10/09/2026)

2026-08-12

Address Change

2026-08-12 - Ashoka Metcast Limited has informed the Exchange regarding change in Registered Office of the company.

2026-08-12

Appointment

2026-08-12 - Ashoka Metcast Limited has informed the Exchange regarding Appointment of Mr Chandrakant Natubhai Chauhan as Chief Financial Officer of the company w.e.f. August 12, 2026.

2026-08-12

Appointment

2026-08-12 - Ashoka Metcast Limited has informed the Exchange regarding Appointment of Mrs Jhanvi Vikas Sethi as Additional (Independent) Director of the company w.e.f. August 12, 2026.

2026-08-12

Outcome of Board Meeting

2026-08-12 - Ashoka Metcast Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for ASHOKAMET

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Ashoka Metcast Ltd.

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Name

ADANIENT

2936.00

53.39

397452.96

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

998.00

27.21

45304.36

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

AEGISLOG

1270.55

35.64

44596.31

0.68

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3705.90

91.86

43840.96

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

REDINGTON

371.40

17.07

29035.10

1.62

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.75

61.67

15347.59

0.64

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

74.20

100.87

11327.02

0.20

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

826.10

83.74

10411.77

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

64.18

21.52

9627.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1827.20

63.41

7952.54

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

342.50

24.69

7724.69

0.44

73.40

-8.99

526.72

-0.43

17.15

18.80

ASHOKAMET

13.50

2.61

33.74

0.00

3.23

187.21

4.07

-25.30

10.02

-18.05

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

OPM %

2.74%

-10.00%

—

-4.62%

-3.85%

0.00%

-10.00%

—

-21.43%

2.22%

11.11%

-7.03%

-14.66%

Interest

Depreciation

-0

Profit before Tax

Tax %

0.00%

32.32%

14.96%

7.53%

14.89%

-66.67%

0.00%

100.00%

0.00%

Net Profit

0.00

0.03

0.07

0.27

0.43

0.34

0.16

0.02

0.15

0.03

0.02

0.00

0.03

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

-0

OPM %

14.72%

-0.24%

—

-0.73%

1.18%

—

-3.50%

-1.46%

-15.31%

-11.28%

-4.56%

Interest

Depreciation

Profit before Tax

-0

Tax %

23.85%

17.71%

-3.81%

25.17%

16.55%

3.48%

1.61%

25.49%

11.51%

25.18%

45.33%

Net Profit

-0

EPS

0.00

-0.03

-0.35

-0.04

0.03

0.37

0.96

0.20

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Trade Payables

-0

Total Liabilities

Cash & Bank

Total Assets

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-8

-16

-0

-2

-0

Cash from Investing

-1

-11

-0

-17

-16

Cash from Financing

-6

-2

-0

-1

-0

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

10.67

-0.04

-0.08

-0.03

-0.00

-0.06

0.04

0.37

0.96

0.20

Book Value (₹)

13.02

19.88

19.80

19.82

19.72

15.96

14.21

14.58

15.40

15.63

Dividend per Share (₹)

0.00

Cash EPS (₹)

11.01

-0.03

-0.06

-0.00

0.03

-0.03

0.06

0.38

0.97

0.23

PROFITABILITY

Operating Margin %

14.72%

-0.22%

0.00%

-0.65%

1.21%

0.00%

5.43%

-1.46%

-15.31%

-11.28%

Net Margin %

10.83%

-0.20%

0.00%

-1.63%

-0.17%

0.00%

3.41%

62.26%

132.95%

15.39%

ROE %

139.28%

-0.35%

-0.39%

-0.15%

-0.02%

-0.40%

0.29%

2.57%

6.38%

1.29%

ROCE %

23.80%

-0.37%

-0.33%

-0.19%

-0.02%

-0.34%

0.26%

3.51%

7.21%

1.44%

0.07%

-0.20%

-0.31%

-0.13%

-0.02%

-0.32%

0.23%

2.37%

6.08%

1.02%

EFFICIENCY

Debtor Days

358

947

628

426

965

658

363

Inventory Days

Payable Days

270

556

358

905

554

156

409

565

316

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

0.14x

0.11x

0.01x

0.00x

0.11x

0.00x

0.41x

Interest Coverage (x)

96.74x

-261.08x

-137.43x

-292.59x

-13.96x

-110.89x

155.83x

52.41x

5402.80x

305.95x

125.52x

5.88x

234.24x

11.23x

6.88x

3.59x

1.65x

4.85x

4.16x

3.65x

GROWTH

Revenue Growth %

0.00%

-100.00%

0.00%

11.72%

-100.00%

0.00%

-44.67%

21.24%

81.43%

Operating Profit Growth %

935.59%

-394.18%

-31.29%

77.02%

307.97%

-317.12%

350.43%

782.47%

112.52%

-73.05%

Net Profit Growth %

661.86%

-451.14%

-123.11%

61.48%

88.36%

-2495.04%

194.03%

910.07%

158.89%

-79.00%

0.00%

910.07%

158.89%

-79.00%

VALUATION

P/E (x)

0.00x

48.74x

16.19x

60.31x

P/B (x)

0.00x

1.23x

1.01x

0.77x

Dividend Yield %

0.00%

0.00x

34.84x

14.00x

60.90x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

53.65

FIIs

0.00

DIIs

0.00

Government

0.00

46.35

Ashoka Metcast Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Ashoka Metcast Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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