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Last Updated: April 2, 2026, 4:09 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540923 | NSE: ASHOKAMET

Ashoka Metcast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.81Overvalued by 70.92%vs CMP ₹13.10

P/E (3.6) × ROE (3.0%) × BV (₹44.10) × DY (2.00%)

₹28.39Undervalued by 116.72%vs CMP ₹13.10
MoS: +53.9% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4.7723%Over (-63.6%)
Graham NumberEarnings₹60.1817%Under (+359.4%)
Earnings PowerEarnings₹3.1411%Over (-76%)
DCFCash Flow₹77.2711%Under (+489.8%)
Net Asset ValueAssets₹44.177%Under (+237.2%)
EV/EBITDAEnterprise₹5.349%Over (-59.2%)
Earnings YieldEarnings₹36.507%Under (+178.6%)
ROCE CapitalReturns₹15.647%Under (+19.4%)
Revenue MultipleRevenue₹7.806%Over (-40.5%)
Consensus (9 models)₹28.39100%Undervalued
Key Drivers: EPS CAGR 25.1% lifts DCF — verify sustainability. | ROE 3.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.1%

*Investments are subject to market risks

Investment Snapshot

46
Ashoka Metcast Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 3.8% WeakROE 3.0% WeakD/E 1.12 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 53.6% Stable
Earnings Quality55/100 · Moderate
OPM expanding (8% → 10%) ImprovingWorking capital: 774 days Capital intensive
Quarterly Momentum35/100 · Weak
Revenue (4Q): -67% YoY DecliningProfit (4Q): -12% YoY DecliningOPM: 36.5% (up 4.9% YoY) Margin expansion
Industry Rank35/100 · Weak
P/E 3.6 vs industry 102.1 Cheaper than peersROCE 3.8% vs industry 15.2% Below peersROE 3.0% vs industry 8.8% Below peers3Y sales CAGR: -17% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Ashoka Metcast Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 3.6 vs Ind 102.1 | ROCE 3.8% | ROE 3.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.12x | IntCov 0.0x | Current 1.86x | Borrow/Reserve 0.36x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹5 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +28.4% | Q NP +51.7% | Q OPM +15.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+116.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.36xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-592Latest shareholder count minus previous count
Quarterly Sales Change+28.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+51.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+15.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:09 am

Market Cap 32.7 Cr.
Current Price 13.1
Intrinsic Value₹28.39
High / Low 21.1/11.5
Stock P/E3.58
Book Value 44.1
Dividend Yield0.00 %
ROCE3.83 %
ROE2.96 %
Face Value 10.0
PEG Ratio0.14

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ashoka Metcast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ashoka Metcast Ltd 32.7 Cr. 13.1 21.1/11.53.58 44.10.00 %3.83 %2.96 % 10.0
Ausom Enterprise 135 Cr. 99.0 178/73.04.54 1161.01 %16.3 %14.6 % 10.0
IFL Enterprises Ltd 42.3 Cr. 0.34 1.32/0.304.90 1.070.00 %7.27 %5.54 % 1.00
Garodia Chemical Ltd 7.68 Cr. 10.7 13.3/6.012.02 1.010.00 %323 %% 10.0
Oswal Agro Mills Ltd 543 Cr. 40.5 111/33.46.26 71.80.00 %16.3 %12.6 % 10.0
Industry Average10,858.54 Cr140.30102.09119.050.48%15.22%8.81%7.62

All Competitor Stocks of Ashoka Metcast Ltd

Quarterly Result

MetricSep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 18.4519.2514.225.916.7339.3911.2614.336.886.495.455.216.69
Expenses 17.7217.3813.005.696.2934.2610.3810.484.719.664.934.094.25
Operating Profit 0.731.871.220.220.445.130.883.852.17-3.170.521.122.44
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%
Other Income 0.750.000.000.110.221.431.300.940.543.661.142.533.17
Interest 0.360.180.42-0.020.220.910.210.570.400.370.390.380.34
Depreciation 0.140.140.080.080.080.500.140.350.26-0.110.150.150.15
Profit before tax 0.981.550.720.270.365.151.833.872.050.231.123.125.12
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%
Net Profit 1.121.250.710.350.383.571.523.481.790.541.132.964.49
EPS in Rs 0.450.500.280.140.151.430.611.390.720.220.451.181.80

Last Updated: March 3, 2026, 12:10 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:35 pm

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 19.170.0021.9954.3067.0350.4466.2538.9623.84
Expenses 19.260.3321.2652.5462.6645.9859.2435.2022.93
Operating Profit -0.09-0.330.731.764.374.467.013.760.91
OPM % -0.47%3.32%3.24%6.52%8.84%10.58%9.65%3.82%
Other Income -0.250.280.080.040.310.751.754.5710.50
Interest 0.000.000.300.981.270.721.531.561.48
Depreciation 0.000.040.410.640.640.430.740.660.34
Profit before tax -0.34-0.090.100.182.774.066.496.119.59
Tax % -2.94%0.00%20.00%27.78%19.13%24.14%26.04%10.15%
Net Profit -0.28-0.190.030.152.353.224.795.499.12
EPS in Rs -0.26-0.180.030.141.191.291.922.203.65
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)32.14%115.79%400.00%1466.67%37.02%48.76%14.61%
Change in YoY Net Profit Growth (%)0.00%83.65%284.21%1066.67%-1429.65%11.74%-34.14%

Ashoka Metcast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:-17%
TTM:-48%
Compounded Profit Growth
10 Years:%
5 Years:200%
3 Years:58%
TTM:19%
Stock Price CAGR
10 Years:%
5 Years:50%
3 Years:23%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:5%
3 Years:5%
Last Year:7%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: December 10, 2025, 3:51 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10.7110.7110.7110.7117.5425.0025.0025.0025.00
Reserves 10.4310.249.649.7623.0976.4979.5686.4285.26
Borrowings 5.544.8114.6023.3120.9015.7515.7814.9430.88
Other Liabilities 2.912.938.837.2212.6415.7217.5716.4817.94
Total Liabilities 29.5928.6943.7851.0074.17132.96137.91142.84159.08
Fixed Assets 4.985.1211.5411.258.498.7317.0116.5616.55
CWIP 0.325.100.000.000.000.000.001.501.50
Investments 12.695.495.445.474.864.5510.3711.126.80
Other Assets 11.6012.9826.8034.2860.82119.68110.53113.66134.23
Total Assets 29.5928.6943.7851.0074.17132.96137.91142.84159.08

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.00-2.26-10.05-7.84-14.58-46.3315.90-6.27
Cash from Investing Activity + 0.003.27-0.25-0.45-3.64-5.41-13.32-2.42
Cash from Financing Activity + 0.00-0.629.798.2518.2152.91-2.457.98
Net Cash Flow 0.000.39-0.51-0.050.001.170.13-0.71
Free Cash Flow 0.000.11-11.65-8.05-14.68-47.067.10-7.94
CFO/OP 0%685%-1,377%-445%-334%-1,039%248%-143%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-5.63-5.14-13.87-21.55-16.53-11.29-8.77-11.18

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 146.61196.36115.15128.46207.25144.79244.80
Inventory Days 0.00177.8893.35152.37271.98234.81464.28
Days Payable 102.0732.2433.2450.4431.6658.54
Cash Conversion Cycle 146.61272.17176.25247.58428.79347.94650.54
Working Capital Days 83.97142.0892.76156.61579.05384.72774.41
ROCE %-1.26%1.32%2.95%6.91%5.13%5.38%3.83%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 46.36%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

Shareholding Pattern Chart

No. of Shareholders

Ashoka Metcast Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.941.921.291.190.14
Diluted EPS (Rs.) 2.941.921.290.840.14
Cash EPS (Rs.) 2.462.211.401.640.72
Book Value[Excl.RevalReserv]/Share (Rs.) 44.5741.8342.6124.6419.12
Book Value[Incl.RevalReserv]/Share (Rs.) 44.5741.8342.6124.6419.12
Revenue From Operations / Share (Rs.) 15.5926.5020.1838.2150.70
PBDIT / Share (Rs.) 3.333.502.082.671.68
PBIT / Share (Rs.) 3.073.211.912.311.08
PBT / Share (Rs.) 2.442.601.621.580.16
Net Profit / Share (Rs.) 2.191.921.231.280.12
NP After MI And SOA / Share (Rs.) 2.191.921.291.190.14
PBDIT Margin (%) 21.3613.2210.326.983.31
PBIT Margin (%) 19.6812.109.486.032.12
PBT Margin (%) 15.679.798.054.130.32
Net Profit Margin (%) 14.077.236.113.340.23
NP After MI And SOA Margin (%) 14.077.236.383.110.28
Return on Networth / Equity (%) 4.924.583.175.140.74
Return on Capital Employeed (%) 6.007.014.297.623.32
Return On Assets (%) 3.833.472.422.810.30
Long Term Debt / Equity (X) 0.060.010.030.200.62
Total Debt / Equity (X) 0.130.150.140.501.12
Asset Turnover Ratio (%) 0.270.480.480.000.06
Current Ratio (X) 6.484.024.772.371.86
Quick Ratio (X) 3.862.573.291.231.15
Inventory Turnover Ratio (X) 1.052.000.000.000.00
Interest Coverage Ratio (X) 5.345.747.223.681.84
Interest Coverage Ratio (Post Tax) (X) 4.524.145.282.761.13
Enterprise Value (Cr.) 60.0466.0057.0535.3427.39
EV / Net Operating Revenue (X) 1.540.991.130.520.50
EV / EBITDA (X) 7.217.5410.967.5515.23
MarketCap / Net Operating Revenue (X) 0.990.670.760.180.08
Price / BV (X) 0.340.430.370.300.23
Price / Net Operating Revenue (X) 0.990.670.760.180.08
EarningsYield 0.140.100.080.160.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ashoka Metcast Ltd. is a Public Limited Listed company incorporated on 29/07/2009 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L70101GJ2009PLC057642 and registration number is 057642. Currently Company is involved in the business activities of Wholesale of other electronic equipments and parts thereof. Company's Total Operating Revenue is Rs. 1.80 Cr. and Equity Capital is Rs. 25.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Trading & Distributors7th Floor, Ashoka Chambers, Opposite HCG Hospital, Ahmedabad Gujarat 380006Contact not found
Management
NamePosition Held
Mr. Ashok ShahManaging Director
Mr. Shalin ShahNon Executive Director
Mr. Hiteshkumar DongaNon Executive Director
Mr. Rushabh ShahIndependent Director
Mrs. Deepti GavaliIndependent Director
Mr. Umangkumar PatelIndependent Director

FAQ

What is the intrinsic value of Ashoka Metcast Ltd and is it undervalued?

As of 05 April 2026, Ashoka Metcast Ltd's intrinsic value is ₹28.39, which is 116.72% higher than the current market price of ₹13.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.96 %), book value (₹44.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ashoka Metcast Ltd?

Ashoka Metcast Ltd is trading at ₹13.10 as of 05 April 2026, with a FY2026-2027 high of ₹21.1 and low of ₹11.5. The stock is currently near its 52-week low. Market cap stands at ₹32.7 Cr..

How does Ashoka Metcast Ltd's P/E ratio compare to its industry?

Ashoka Metcast Ltd has a P/E ratio of 3.58, which is below the industry average of 102.09. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ashoka Metcast Ltd financially healthy?

Key indicators for Ashoka Metcast Ltd: ROCE of 3.83 % is on the lower side compared to the industry average of 15.22%; ROE of 2.96 % is below ideal levels (industry average: 8.81%). Dividend yield is 0.00 %.

Is Ashoka Metcast Ltd profitable and how is the profit trend?

Ashoka Metcast Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹39 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does Ashoka Metcast Ltd pay dividends?

Ashoka Metcast Ltd has a dividend yield of 0.00 % at the current price of ₹13.10. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ashoka Metcast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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