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Ashoka Metcast Limited
(ASHOKAMET)
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Rating:62Neutral
Price Target:
₹18.00
▲(19.60% Upside)
Action:Reiterated
Date:09/12/26
The score is held back primarily by weak and inconsistent cash generation (negative operating/free cash flow in most years) and a sharp increase in debt in 2026, despite improved profitability. Technicals are supportive with the price above major moving averages and positive MACD, but RSI is overbought. Valuation is a key offset, with a very low P/E providing upside potential if cash flow stabilizes.
Positive Factors
Improved profitability
The substantial rise in net income indicates that the company has improved earnings power from its earlier base. If profitability remains at these stronger levels, it can support internal reinvestment, strengthen equity accumulation, and provide a more durable foundation for future growth.
Negative Factors
Weak cash conversion
Persistent negative operating and free cash flow shows that reported earnings are not consistently converting into usable funds. This can increase dependence on borrowing or other financing, constrain investment flexibility, and make the business more vulnerable if weak cash generation continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
The substantial rise in net income indicates that the company has improved earnings power from its earlier base. If profitability remains at these stronger levels, it can support internal reinvestment, strengthen equity accumulation, and provide a more durable foundation for future growth.
Read all positive factors
Ashoka Metcast Limited (ASHOKAMET) vs. iShares MSCI India ETF (INDA)
Market Cap
₹427.68M
Dividend YieldN/A
Average Volume (3M)8.22K
Price to Earnings (P/E)3.1
Beta (1Y)1.14
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees2
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)5.52
Shares Outstanding24,996,000
10 Day Avg. Volume19,423
30 Day Avg. Volume8,223
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.19
Price to Sales (P/S)0.84
P/FCF Ratio-1.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ashoka Metcast Limited Business Overview & Revenue Model
Company Description
Ashoka Metcast Limited, founded in 2009, is headquartered in Ahmedabad, India. The company's primary activities revolve around the purchase and sale of steel, alongside a variety of other goods and merchandise, predominantly within the Gujarat are...
How the Company Makes Money
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Ashoka Metcast Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 309.49M | 277.02M | 389.63M | 662.49M | 511.89M | 670.29M |
| Gross Profit | 140.06M | 116.52M | 76.07M | 127.75M | 76.64M | 90.10M |
| EBITDA | 183.08M | 160.97M | 101.80M | 67.90M | 49.83M | 42.28M |
| Net Income | 129.08M | 108.00M | 73.39M | 47.94M | 32.21M | 20.91M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.08B | 1.43B | 1.38B | 1.33B | 741.77M |
| Cash, Cash Equivalents and Short-Term Investments | 17.88M | 17.88M | 7.99M | 15.06M | 13.80M | 2.13M |
| Total Debt | 0.00 | 577.28M | 149.34M | 166.50M | 157.52M | 208.95M |
| Total Liabilities | -1.34B | 746.18M | 242.27M | 266.32M | 264.81M | 309.51M |
| Stockholders Equity | 1.34B | 1.22B | 1.11B | 1.05B | 1.01B | 406.26M |
Cash Flow | ||||||
| Free Cash Flow | -61.05M | -216.35M | -79.37M | 70.98M | -479.86M | -146.79M |
| Operating Cash Flow | -58.39M | -171.85M | -62.66M | 158.97M | -472.07M | -145.75M |
| Investing Cash Flow | 40.53M | 14.66M | -24.16M | -133.20M | -104.82M | -36.38M |
| Financing Cash Flow | 18.25M | 167.07M | 79.76M | -24.52M | 529.11M | 182.12M |
Ashoka Metcast Limited Technical Analysis
Positive
15.05
Price Trends
14.20
Positive
14.97
Positive
14.97
Positive
Market Momentum
0.28
Negative
74.46
Negative
75.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASHOKAMET, the sentiment is Positive. The current price of 15.05 is above the 20-day moving average (MA) of 14.04, above the 50-day MA of 14.20, and above the 200-day MA of 14.97, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 74.46 is Negative, neither overbought nor oversold. The STOCH value of 75.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASHOKAMET.
Ashoka Metcast Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹32.73B | 36.34 | ― | 0.55% | 8.91% | 14.58% | |
63 Neutral | ₹41.84B | 40.22 | ― | 0.07% | 21.73% | 13.47% | |
62 Neutral | ₹427.68M | 3.12 | ― | ― | ― | ― | |
58 Neutral | ₹15.51B | 20.48 | ― | 0.03% | 61.15% | -9.11% | |
57 Neutral | ₹48.02B | 39.60 | ― | 1.16% | -15.69% | -78.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹566.00M | 26.52 | ― | ― | ― | ― |
* General Sector Average
IN:ASHOKAMET
Ashoka Metcast Limited
17.11
0.61
3.70%
IN:ELECTCAST
Electrosteel Castings Ltd.
77.68
-21.47
-21.65%
IN:GFSTEELS
Grand Foundry Ltd.
18.60
9.55
105.52%
IN:HITECH
Hi-Tech Pipes Ltd.
76.37
-27.82
-26.70%
IN:STEELCAS
Steelcast Ltd.
323.45
119.78
58.81%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
2,019.80
702.76
53.36%
Ashoka Metcast Limited Corporate Events
Ashoka Metcast Names New Company Secretary and Compliance Officer
Jul 30, 2026
Ashoka Metcast Limited’s board has approved the appointment of Ankur Rastogi as Company Secretary and Compliance Officer, effective July 29, 2026. Rastogi, a qualified company secretary, law graduate, and commerce professional with over eigh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.