Ashoka Metcast Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹36 Cr
- P/E
- 2.75
- ROE
- 8.40%
- PEG
- 0.06
- Price to sales
- 1.44
- Debt to equity
- 0.12
- 52W high / low
- ₹17.2 / ₹12.2
- Sales growth (5Y)
- -12.60%
- EBITDA margin
- 3.44%
- Net profit margin
- 35.38%
- Promoter holding
- 53.64%
- Sales (last year)
- ₹25 Cr
Incorporated in 2009, Ashoka Metcast Ltd is in the business of trading of steel, goods and other items[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Metals & Minerals Trading
on management's own guidance
- BMW VenturesGood growth2
- SG MartGood growth1
- Adani EnterprisesGood growth3
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Peers
Metals & Minerals Trading companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | SG Mart | 20–40% | Up 0–2% | ₹11,075 Cr | 73.0 |
| 2 | BMW Ventures | 20–40% | Up 0–2% | ₹562 Cr | 14.0 |
| 3 | Adani Enterprises | 20–40% | Flat | ₹3.71L Cr | 115.4 |
| 4 | 20–40% | Flat | ₹1,180 Cr | 68.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Metals & Minerals Trading rankingFinancials of Ashoka Metcast
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Ashoka Metcast
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% | 53.64% |
| Public + | 46.35% | 46.36% | 46.35% | 46.35% | 46.35% | 46.36% | 46.34% | 46.35% | 46.35% | 46.35% | 46.36% | 46.35% |
| No. of Shareholders | 4,818 | 11,608 | 16,029 | 15,426 | 19,627 | 19,187 | 18,804 | 18,505 | 17,913 | 17,402 | 16,985 | 17,114 |
Financials of Ashoka Metcast
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 5.91 | 6.73 | 39.39 | 11.26 | 14.33 | 6.88 | 6.49 | 5.45 | 5.21 | 6.69 | 10.35 | 4.07 | 3.62 |
| YoY Sales growth | -67.97% | +104.62% | -20.82% | +142.47% | +2.23% | -83.52% | -51.60% | -63.64% | -2.76% | +59.48% | -25.32% | -30.52% | |
| Expenses + | 5.69 | 6.29 | 34.26 | 10.38 | 10.48 | 4.71 | 9.66 | 4.93 | 4.09 | 4.25 | 7.94 | 4.81 | 6.88 |
| Operating Profit | 0.22 | 0.44 | 5.13 | 0.88 | 3.85 | 2.17 | -3.17 | 0.52 | 1.12 | 2.44 | 2.41 | -0.74 | -3.26 |
| OPM % | 3.72% | 6.54% | 13.02% | 7.82% | 26.87% | 31.54% | -48.84% | 9.54% | 21.50% | 36.47% | 23.29% | -18.18% | -90.06% |
| Other Income + | 0.11 | 0.22 | 1.43 | 1.30 | 0.94 | 0.54 | 3.66 | 1.14 | 2.53 | 3.17 | 2.77 | 4.63 | 6.93 |
| Interest | -0.02 | 0.22 | 0.91 | 0.21 | 0.57 | 0.40 | 0.37 | 0.39 | 0.38 | 0.34 | 0.32 | 0.33 | 0.35 |
| Depreciation | 0.08 | 0.08 | 0.50 | 0.14 | 0.35 | 0.26 | -0.11 | 0.15 | 0.15 | 0.15 | 0.40 | 0.18 | 0.18 |
| Profit before tax | 0.27 | 0.36 | 5.15 | 1.83 | 3.87 | 2.05 | 0.23 | 1.12 | 3.12 | 5.12 | 4.46 | 3.38 | 3.14 |
| Tax % | 7.41% | 5.56% | 30.49% | 16.39% | 9.82% | 12.68% | -139.13% | 0.00% | 5.13% | 12.50% | 50.22% | 4.44% | 2.55% |
| Net Profit + | 0.35 | 0.38 | 3.57 | 1.52 | 3.48 | 1.79 | 0.54 | 1.13 | 2.96 | 4.49 | 2.22 | 3.23 | 3.07 |
| EPS in Rs | 0.14 | 0.15 | 1.43 | 0.61 | 1.39 | 0.72 | 0.22 | 0.45 | 1.18 | 1.80 | 0.89 | 1.29 | 1.23 |
Financials of Ashoka Metcast
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 19 | 0 | 22 | 54 | 67 | 50 | 66 | 39 | 28 | 25 |
| Sales growth | -100% | +147% | +23% | -25% | +31% | -41% | -29% | +3% | ||
| Expenses + | 19 | 0 | 21 | 53 | 63 | 46 | 59 | 35 | 21 | 24 |
| Operating Profit | -0 | -0 | 1 | 2 | 4 | 4 | 7 | 4 | 6 | 1 |
| OPM % | -0.5% | 3.3% | 3.2% | 7% | 9% | 11% | 10% | 23% | 3.4% | |
| Other Income + | -0 | 0 | 0 | 0 | 0 | 1 | 2 | 5 | 10 | 18 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | -0 | -0 | 0 | 0 | 3 | 4 | 6 | 6 | 14 | 16 |
| Tax % | -3% | 0% | 20% | 28% | 19% | 24% | 26% | 10% | 22% | |
| Net Profit + | -0 | -0 | 0 | 0 | 2 | 3 | 5 | 5 | 11 | 13 |
| EPS in Rs | -0.26 | -0.18 | 0.03 | 0.14 | 1.19 | 1.29 | 1.92 | 2.20 | 4.32 | 5.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Ashoka Metcast
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 18 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 10 | 10 | 10 | 10 | 23 | 76 | 80 | 86 | 97 | 101 |
| Borrowings + | 6 | 5 | 15 | 23 | 21 | 16 | 16 | 15 | 58 | 15 |
| Other Liabilities + | 3 | 3 | 9 | 7 | 13 | 16 | 18 | 16 | 29 | 35 |
| Total Liabilities | 30 | 29 | 44 | 51 | 74 | 133 | 138 | 143 | 208 | 175 |
| Fixed Assets + | 5 | 5 | 12 | 11 | 8 | 9 | 17 | 17 | 16 | 16 |
| CWIP | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 2 | 6 | 6 |
| Investments | 13 | 5 | 5 | 5 | 5 | 5 | 10 | 11 | 10 | 10 |
| Other Assets + | 12 | 13 | 27 | 34 | 61 | 120 | 111 | 114 | 176 | 143 |
| Total Assets | 30 | 29 | 44 | 51 | 74 | 133 | 138 | 143 | 208 | 175 |
Financials of Ashoka Metcast
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | -2 | -10 | -8 | -15 | -46 | 16 | -6 | -17 |
| Cash from Investing Activity + | 0 | 3 | -0 | -0 | -4 | -5 | -13 | 0 | 1 |
| Cash from Financing Activity + | 0 | -1 | 10 | 8 | 18 | 53 | -2 | 5 | 17 |
| Net Cash Flow | 0 | 0 | -1 | -0 | 0 | 1 | 0 | -1 | 1 |
| Free Cash Flow | 0 | 0 | -12 | -8 | -15 | -47 | 7 | -5 | -22 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 0% | 685% | -1,377% | -445% | -334% | -1,039% | 248% | -143% | -215% |
Financials of Ashoka Metcast
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 147 | 196 | 115 | 128 | 207 | 145 | 245 | 364 | |
| Inventory Days | 0 | 178 | 93 | 152 | 272 | 235 | 464 | 1,159 | |
| Days Payable | 102 | 32 | 33 | 50 | 32 | 59 | 155 | ||
| Cash Conversion Cycle | 147 | 272 | 176 | 248 | 429 | 348 | 651 | 1,369 | |
| Working Capital Days | 84 | 142 | 93 | 157 | 579 | 385 | 774 | 1,269 | |
| ROCE % | -1% | 1% | 3% | 7% | 5% | 5% | 4% | 9% |
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What Ashoka Metcast's management said in earlier quarters
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