Ashoka Metcast Ltd

Ashoka Metcast Ltd

₹ 14.3 1.42%
20 Mar - close price
About

Incorporated in 2009, Ashoka Metcast Ltd
is in the business of trading of steel, goods
and other items[1]

Key Points

Business Overview:[1]
AML is a part of Gujarat based business group and is engaged in trading and manufacturing of structural steel products like TMT bars, angles, channels, MS Bars etc.

  • Market Cap 35.6 Cr.
  • Current Price 14.3
  • High / Low 21.1 / 12.6
  • Stock P/E 3.91
  • Book Value 44.1
  • Dividend Yield 0.00 %
  • ROCE 3.83 %
  • ROE 2.96 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.32 times its book value
  • Company has delivered good profit growth of 154% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 3.63% over last 3 years.
  • Earnings include an other income of Rs.10.5 Cr.
  • Company has high debtors of 245 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
18.45 19.25 14.22 5.91 6.73 39.39 11.26 14.33 6.88 6.49 5.45 5.21 6.69
17.72 17.38 13.00 5.69 6.29 34.26 10.38 10.48 4.71 9.66 4.93 4.09 4.25
Operating Profit 0.73 1.87 1.22 0.22 0.44 5.13 0.88 3.85 2.17 -3.17 0.52 1.12 2.44
OPM % 3.96% 9.71% 8.58% 3.72% 6.54% 13.02% 7.82% 26.87% 31.54% -48.84% 9.54% 21.50% 36.47%
0.75 0.00 0.00 0.11 0.22 1.43 1.30 0.94 0.54 3.66 1.14 2.53 3.17
Interest 0.36 0.18 0.42 -0.02 0.22 0.91 0.21 0.57 0.40 0.37 0.39 0.38 0.34
Depreciation 0.14 0.14 0.08 0.08 0.08 0.50 0.14 0.35 0.26 -0.11 0.15 0.15 0.15
Profit before tax 0.98 1.55 0.72 0.27 0.36 5.15 1.83 3.87 2.05 0.23 1.12 3.12 5.12
Tax % 6.12% 14.84% 11.11% 7.41% 5.56% 30.49% 16.39% 9.82% 12.68% -139.13% 0.00% 5.13% 12.50%
1.12 1.25 0.71 0.35 0.38 3.57 1.52 3.48 1.79 0.54 1.13 2.96 4.49
EPS in Rs 0.45 0.50 0.28 0.14 0.15 1.43 0.61 1.39 0.72 0.22 0.45 1.18 1.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
19.17 0.00 21.99 54.30 67.03 50.44 66.25 38.96 23.84
19.26 0.33 21.26 52.54 62.66 45.98 59.24 35.20 22.93
Operating Profit -0.09 -0.33 0.73 1.76 4.37 4.46 7.01 3.76 0.91
OPM % -0.47% 3.32% 3.24% 6.52% 8.84% 10.58% 9.65% 3.82%
-0.25 0.28 0.08 0.04 0.31 0.75 1.75 4.57 10.50
Interest 0.00 0.00 0.30 0.98 1.27 0.72 1.53 1.56 1.48
Depreciation 0.00 0.04 0.41 0.64 0.64 0.43 0.74 0.66 0.34
Profit before tax -0.34 -0.09 0.10 0.18 2.77 4.06 6.49 6.11 9.59
Tax % -2.94% 0.00% 20.00% 27.78% 19.13% 24.14% 26.04% 10.15%
-0.28 -0.19 0.03 0.15 2.35 3.22 4.79 5.49 9.12
EPS in Rs -0.26 -0.18 0.03 0.14 1.19 1.29 1.92 2.20 3.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: -17%
TTM: -67%
Compounded Profit Growth
10 Years: %
5 Years: 154%
3 Years: 20%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: 26%
3 Years: 0%
1 Year: -17%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 10.71 10.71 10.71 10.71 17.54 25.00 25.00 25.00 25.00
Reserves 10.43 10.24 9.64 9.76 23.09 76.49 79.56 86.42 85.26
5.54 4.81 14.60 23.31 20.90 15.75 15.78 14.94 30.88
2.91 2.93 8.83 7.22 12.64 15.72 17.57 16.48 17.94
Total Liabilities 29.59 28.69 43.78 51.00 74.17 132.96 137.91 142.84 159.08
4.98 5.12 11.54 11.25 8.49 8.73 17.01 16.56 16.55
CWIP 0.32 5.10 0.00 0.00 0.00 0.00 0.00 1.50 1.50
Investments 12.69 5.49 5.44 5.47 4.86 4.55 10.37 11.12 6.80
11.60 12.98 26.80 34.28 60.82 119.68 110.53 113.66 134.23
Total Assets 29.59 28.69 43.78 51.00 74.17 132.96 137.91 142.84 159.08

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.00 -2.26 -10.05 -7.84 -14.58 -46.33 15.90 -6.27
0.00 3.27 -0.25 -0.45 -3.64 -5.41 -13.32 -2.42
0.00 -0.62 9.79 8.25 18.21 52.91 -2.45 7.98
Net Cash Flow 0.00 0.39 -0.51 -0.05 0.00 1.17 0.13 -0.71

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 146.61 196.36 115.15 128.46 207.25 144.79 244.80
Inventory Days 0.00 177.88 93.35 152.37 271.98 234.81 464.28
Days Payable 102.07 32.24 33.24 50.44 31.66 58.54
Cash Conversion Cycle 146.61 272.17 176.25 247.58 428.79 347.94 650.54
Working Capital Days 83.97 142.08 92.76 156.61 579.05 384.72 774.41
ROCE % -1.26% 1.32% 2.95% 6.91% 5.13% 5.38% 3.83%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Subsidiaries with Manufacturing Capability
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Revenue from Steel Trading (Standalone)
INR Lakhs ・Standalone data
Revenue from Trading of Other Goods (Standalone)
INR Lakhs ・Standalone data
Geographic Market Focus
States ・Standalone data
Debtors Turnover Ratio (Consolidated)
Ratio

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
53.64% 53.64% 53.64% 53.64% 53.64% 53.64% 53.64% 53.64% 53.64% 53.64% 53.64% 53.64%
46.36% 46.35% 46.35% 46.35% 46.36% 46.35% 46.35% 46.35% 46.36% 46.34% 46.35% 46.35%
No. of Shareholders 5476613,2294,81811,60816,02915,42619,62719,18718,80418,50517,913

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