Ashoka Metcast Ltd.
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9.00 ▼0%

26 May 2022, 04:01:00 PM

Overview View Details

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Website http://www.ashokametcast.in
Market Cap 15.77 Cr.
Enterprise Value(EV) 38.86 Cr. 2021-03
Financial Indicators
Earnings per share (EPS) 1.19 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 7.55 Trailing Twelve Months Ending 2022-03
Industry PE 115.75 Trailing Twelve Months Ending 2022-03
Book Value / Share 15.29 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.59 Calculated using Price: 9.00
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.75 Cr. 17,540,000 Shares
FaceValue 10
Company Profile

The company was incorporated as ‘Tanya Estate Private Limited’ on July 29, 2009 under the Companies Act, 1956 with the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The name of the company was changed from ‘Tanya Estate Private Limited’ to ‘Ashoka Metcast Private Limited’ and a fresh certificate of incorporation was issued on September 13, 2017 by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Further, the status of the company was changed to a public limited company by a special resolution passed at a shareholders’ meeting on October 23, 2017. A fresh Certificate of Incorporation consequent upon conversion of company to public limited Company was issued on November 09, 2017 by the Registrar of Companies, Gujarat at Ahmedabad and consequently name of company was changed to ‘Ashoka Metcast Limited’.

Business area of the Company

The company is currently engaged in trading of structural steel products such as Round Bars, Flat Bars etc. and through their wholly owned Subsidiary, SGRM they are proposing to manufacture structural steel products like TMT bars, angles, channels, MS Bars etc. The company plans to leverage its group and promoter networks in the real estate and infrastructure space as well as strong balance sheet situation to increase its presence in the structural steel market of Gujarat and Western India. The company has commenced its trading operations in September, 2017. The company is in the process of building a structural steel focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs.  

Further, the company has recently acquired 100% stake in Shree Ghantakarna Rolling Mills (making it its wholly owned Subsidiary Company). The Subsidiary Company owns a rolling mill having aggregate installed capacity of 12,000 tons; however the same has been non-operational for past 16 years due to internal financial constraints as well as market conditions. Post acquisition they have begun the process of revamping as well as expanding its production facilities and they intend to begin the production in April, 2018 with an aggregate installed capacity of 18,000 tons per annum. 

Major Events:

  • 2009: Incorporation of the company as ‘Tanya Estate Private Limited’ under Companies Act, 1956.
  • 2017: The name of the company changed from ‘Tanya Estate Private Limited’ to ‘Ashoka Metcast Private Limited’.
  • 2017: Acquired 100% stake in ‘Shree Ghantakarna Rolling Mills Private Limited’, making it as their wholly owned Subsidiary Company.
  • 2017: Conversion of the company from private to public i.e. from ‘Ashok Metcast Private Limited’ to ‘Ashoka Metcast Limited’.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
1 Week
-10.0%
1 Month
+14.07%
3 Month
+17.80%
6 Month
+137.47%
1 Year
+120.59%
2 Year
+429.41%
5 Year
10 Year
4 years 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) -1.65 -0.43 0.37 0.65
Return on Capital Employed (%) -1.33 -0.32 1.35 2.98
Return on Assets (%) -1.14 -0.30 0.20 0.27

Balance Sheet View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 21 21 20 20
Non Curr. Liab. 3 8 10 14
Curr. Liab. 6 0 14 16
Minority Int.
Equity & Liab. 30 29 44 51
Non Curr. Assets 11 21 20 20
Curr. Assets 17 7 23 30
Misc. Exp. not W/O 1 1 1 0
Total Assets 30 29 44 51

Profit Loss View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 19 22 54
Other Income 0 0 0 0
Total Income 19 0 22 54
Total Expenditure -19 0 -21 -53
PBIDT 0 0 1 2
Interest 0 -1
Depreciation 0 0 -1
Taxation 0 0 0
Exceptional Items 0
PAT 0 0 0 0
Minority Interest
Share Associate 0 0 0 0
Other Related Items
Consolidated Net Profit 0 0 0 0
Adjusted EPS 0 0 0 0

Cash Flow View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -2 -10 -8
Cash Fr. Inv. 3 0 0
Cash Fr. Finan. -1 10 8
Net Change 0 -1 0
Cash & Cash Eqvt 1 0 0

Shareholding Pattern View Details

9 Qtrs 2018-03 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%) 2021-09 (%) 2022-03 (%)
Promoter 43.98 43.98 43.98 43.98 43.98 43.98 43.98 43.98 48.76
Public 56.02 56.02 56.02 56.02 56.02 56.02 56.02 56.02 51.24
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 17 May 2022
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
As per Para A of Part A of Schedule III read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby disclose that M/s. GMCA & Co. (Firm Reg. No. 109850W) Chartered Accountants Ahmedabad are appointed as Statutory Auditors of the Company.
Tue, 17 May 2022
Board Meeting Outcome for Appointment Of Statutory Auditors Of The Company
We would like to inform you that the Board of Directors of the Company in its meeting held today i.e. Tuesday 17th May 2022 at the Registered Office of the Company appointed M/s. GMCA & Co. (Firm Reg. No. 109850W) Chartered Accountants Ahmedabad as the Statutory Auditors of the Company w.e.f. 17th May 2022 till the conclusion of next Annual General Meeting to be held in the year 2022.
Thu, 12 May 2022
Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
Resignation of M/s. Sunil Poddar & Co. Chartered Accountants Ahmedabad (FRN: 110603W) as the Statutory Auditors of the Company w.e.f. 12th May 2022.

Technical Scans View Details

Thu, 26 May 2022
Opening at Low Opening at Low
Making Lower Lows for 3 days Making Lower Lows for 3 days
High Increase 1 Month High Increase 1 Month
High Increase 3 Months High Increase 3 Months
High Increase 6 Months High Increase 6 Months

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