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Ashoka Metcast (ASHOKAMET) had a P/E of 2.0× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 28% below their 52-week high. Sales fell 18% a year over 3 years while net profit grew 50%, with ROCE of 8.6% and ROE of 10%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹35 Cr, ranked 126th of 150 Steel companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹14.65
Day high
₹14.65
Day low
₹13.80
Prev. close
₹14.27
Volume
75.4K

Health check

2 fair · 3 to check
  • ReturnsBehind

    −14.7% over a year, better than 0 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSteady

    Sales −18.1%, profit +49.7% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.6% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.11× equity, interest covered 10.1×, Piotroski 4 of 9.

  • Red flags2 to check

    Quarterly sales down 25.4% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹35 Cr, #126 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹33 Cr · profit ₹13 Cr
Market cap
₹35 Cr
Small cap
P/E
2.0
Industry 19.9
Price to book
0.28
Peers 2.28
Dividend yield
0.00%
ROE
10.0%
Peers 23.4%
ROCE
8.6%
Peers 18.7%
Debt to equity
0.11
Debt ₹15 Cr
EPS (TTM)
₹6.89
Face value ₹10
OPM (TTM)
19.8%
Net margin 39.5%
Sales growth
−25.4%
Latest quarter vs a year ago
Profit growth
+187.2%
Latest quarter vs a year ago
Price to sales
1.07
EV/EBITDA 7.1

Strengths and risks

Strengths

  • Quarterly profit up 187.2% on a year ago.

Risks to check

  • Quarterly sales down 25.4% on a year ago.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Ashoka Metcast

Ashoka Metcast Limited engages in the trading of steel, goods, and other products in India. It provides thermo-mechanically treated bars, round, mild steel, and angle bars, and steel channels. The company was incorporated in 2009 and is based in Ahmedabad, India.

Headquarters
Ahmedabad
Employees
1
Sector
Basic Materials
ISIN
INE760Y01011
Website
ashokametcast.in

Price range

52 weeks

₹12.13₹19.40

Today

₹13.80₹14.65
Avg volume (3M)
84.7K
1-year return
minus 14.7%
From 52-week high
minus 27.6%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
ASHOKAMETAshoka Metcast14.04minus 1.61%352.014.38.6%19.8%0.43−18.1%minus 14.7%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
5.55.26.710.34.1
4.94.14.37.94.8
0.51.12.42.4−0.7
9.5%21.3%36.5%23.3%−18.1%
1.12.53.22.84.6
0.40.40.30.30.3
0.10.10.10.40.2
1.13.15.14.53.4
–5.0%12.4%50.3%4.4%
1.134.52.23.2
0.451.181.802.621.29

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−18.1%
Profit CAGR 3Y
+49.7%
EPS CAGR 3Y
+67.4%
ROE
10.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
50.466.23927.7
–+31.3%minus 41.2%minus 28.9%
46.259.535.321.3
4.26.83.76.4
8.4%10.2%9.5%23.0%
0.70.41.98.8
0.71.41.61.5
0.20.50.60.6
−01.32.70.8
4.16.56.113.8
24.0%26.1%10.2%22.0%
3.24.85.510.8
–+48.8%+14.4%+96.9%
1.291.922.946.05

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
25252525
76.579.686.497
15.816.615.658.1
15.716.715.828.3
133138143208
8.71718.121.9
––1.55.7
4.510.411.110.3
1.40.50.81.8
118110111169
133138143208

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−46.315.9−6.3−17.2
−5.4−13.30.31.5
52.9−2.55.316.7
1.20.1−0.71
−0.8−8.8−1.7−4.4
−47.17.1−7.9−21.6

Shareholding pattern

Source: NSE filings
53.6%
promoters
  • Promoters53.65%
  • Public46.35%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202653.65%46.35%0.00
30 Jun 202653.65%46.35%0.00
31 Mar 202653.65%46.35%0.00
31 Dec 202553.65%46.35%0.00
30 Sep 202553.65%46.35%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you