Ashoka Metcast Limited (ASHOKAMET) AI Stock Analysis

• Market Cap: ₹418.43M
• Dividend Yield: N/A
• Average Volume (3M): 39.16K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.88
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): N/A
• Shares Outstanding: 24,996,000
• 10 Day Avg. Volume: 3,134
• 30 Day Avg. Volume: 39,160
• PEG Ratio: 0.11
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 1.11
• P/FCF Ratio: -5.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹16.50 ▼(-0.84% Downside)

The overall stock score for Ashoka Metcast Limited is primarily influenced by its financial performance, which is challenged by declining revenues and negative cash flows. Technical analysis shows a neutral to slightly bearish trend, while the lack of valuation data limits the assessment of the stock's attractiveness. The absence of earnings call and corporate events data further restricts the evaluation.

Ashoka Metcast Limited Business Overview & Revenue Model

Company Description

Ashoka Metcast Limited (ASHOKAMET) is a prominent player in the manufacturing and supply of high-quality metal castings and components, primarily serving the automotive, industrial machinery, and construction sectors. With a strong focus on innovation and sustainability, the company offers a diverse range of products, including iron and aluminum castings, which are produced using advanced technologies and stringent quality control processes to meet the evolving needs of its customers.

How the Company Makes Money

Ashoka Metcast Limited generates revenue through the sale of its metal castings and components to various industries, including automotive, industrial machinery, and construction. The company's primary revenue streams include direct sales to original equipment manufacturers (OEMs) and tiered suppliers, as well as aftermarket sales for replacement parts. Additionally, ASHOKAMET may engage in custom casting services, allowing clients to specify unique designs and specifications, thereby capturing niche markets. Strategic partnerships with key players in the automotive and industrial sectors enhance its market reach and provide a steady demand for its products. The company's focus on quality and customer satisfaction helps to foster long-term relationships, contributing to stable revenue growth.

Ashoka Metcast Limited Financial Statement Overview

Summary

Ashoka Metcast Limited faces challenges with declining revenues and negative cash flows, despite maintaining a strong balance sheet with low leverage. The improvement in profitability metrics is a positive sign, but the company needs to address cash flow issues and stabilize revenue growth to enhance financial health.

Income Statement

Ashoka Metcast Limited has shown fluctuating revenue growth with a significant decline of 45.78% in the most recent year. The gross profit margin has been relatively stable, but the net profit margin improved significantly to 18.84% from 7.24% the previous year. However, the revenue decline is a concern, indicating potential market challenges or operational inefficiencies.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.13, indicating conservative leverage. Return on equity improved to 6.59%, reflecting better profitability. The equity ratio is strong, suggesting financial stability. However, the overall asset base has not grown significantly, which may limit future expansion.

Cash Flow

Cash flow performance is weak, with negative operating and free cash flows. The free cash flow to net income ratio is positive, but the negative growth in free cash flow indicates cash management issues. The company needs to improve its cash generation to support operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	331.60M	389.63M	662.49M	511.89M	670.29M	542.97M
Gross Profit	77.69M	76.07M	127.75M	76.64M	90.10M	89.58M
EBITDA	96.54M	101.80M	67.90M	49.83M	42.28M	16.15M
Net Income	69.41M	73.39M	47.94M	32.21M	20.91M	1.53M
Balance Sheet
Total Assets	0.00	1.43B	1.38B	1.33B	741.77M	510.01M
Cash, Cash Equivalents and Short-Term Investments	7.99M	7.99M	15.06M	13.80M	2.13M	821.16K
Total Debt	0.00	149.34M	166.50M	157.52M	208.95M	233.09M
Total Liabilities	-1.19B	242.27M	266.32M	264.81M	309.51M	305.28M
Stockholders Equity	1.19B	1.11B	1.05B	1.01B	406.26M	204.73M
Cash Flow
Free Cash Flow	0.00	-79.37M	70.98M	-479.86M	-146.79M	-80.51M
Operating Cash Flow	0.00	-62.66M	158.97M	-472.07M	-145.75M	-78.45M
Investing Cash Flow	0.00	-24.16M	-133.20M	-104.82M	-36.38M	-4.49M
Financing Cash Flow	0.00	79.76M	-24.52M	529.11M	182.12M	82.45M

Ashoka Metcast Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHOKAMET, the sentiment is Negative. The current price of 16.64 is below the 20-day moving average (MA) of 16.87, below the 50-day MA of 16.91, and below the 200-day MA of 17.88, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 43.53 is Neutral, neither overbought nor oversold. The STOCH value of 38.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASHOKAMET.

Ashoka Metcast Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAHASTEEL	69 Neutral	₹9.95B	117.54	―	―	2.99%	45.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKSIA	58 Neutral	₹4.37B	8.10	―	―	40.00%	-23.59%
ASHOKAMET	47 Neutral	₹418.43M	―	―	―	―	―
MANGALAM	47 Neutral	₹1.01B	―	―	―	-16.39%	-410.09%

Ashoka Metcast Limited Corporate Events

Ashoka Metcast Announces Resignation of Independent Director

Ashoka Metcast Limited has announced the resignation of Mr. Umangkumar Patel as a Non-Executive Independent Director, effective from September 17, 2025. The resignation is due to personal reasons, and the company has confirmed that there are no other material reasons for his departure. This change in the board may impact the company’s governance structure, but it is not expected to have significant implications for its operations or market position.

Ashoka Metcast Limited Announces 16th AGM and Key Appointments

Ashoka Metcast Limited has announced the scheduling of its 16th Annual General Meeting (AGM) on September 26, 2025, to be conducted via video conferencing. The meeting will address the adoption of financial statements for the fiscal year ending March 31, 2025, the re-appointment of Mr. Hiteshkumar Donga as a Non-Executive Director, and the appointment of Mr. Chintan K. Patel as the Secretarial Auditor for a five-year term. These decisions are pivotal for the company’s governance and compliance, ensuring continued oversight and strategic direction.

Ashoka Metcast Secures Approval to Boost Share Capital

Ashoka Metcast Limited has successfully passed a resolution to increase its authorized share capital through a postal ballot, as confirmed by the scrutinizer’s report. This development is expected to enhance the company’s financial flexibility and support its growth initiatives, potentially impacting its market positioning positively.

Ashoka Metcast Limited Increases Authorised Share Capital to Rs. 95 Crore

Ashoka Metcast Limited has announced an amendment to its Memorandum of Association, specifically the Capital Clause, following an increase in its authorised share capital. The company has raised its authorised share capital from Rs. 75 crore to Rs. 95 crore, allowing for the issuance of an additional 2 crore equity shares. This strategic move, approved by the company’s members through a postal ballot, is aimed at enhancing the company’s financial flexibility and potential for growth, which may positively impact its market position and stakeholder interests.