Ashoka Metcast Ltd.
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4.74 -0.24 ▼-4.8%

30 July 2021, 04:00:00 P.M.
Volume: 18,000

Overview View Details

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Website http://www.ashokametcast.in
Financial Indicators
Market Cap 5.08 Cr.
Earnings per share (EPS) 0.14 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 33.18 Trailing Twelve Months Ending 2021-03
Industry PE 117.83 Trailing Twelve Months Ending 2021-03
Book Value / Share 18.40 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.26 Calculated using Price: 4.74
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.07 Cr. 10,710,000 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
-4.82%
1 Week
-9.54%
1 Month
+36.60%
3 Month
+17.91%
6 Month
-8.85%
1 Year
+126.79%
2 Year
+34.28%
5 Year

Ratios View Details

3 years 2018-03 2019-03 2020-03
Return on Equity (%) -1.65 -0.43 0.37
Return on Capital Employed (%) -1.33 -0.32 1.35
Return on Assets (%) -1.14 -0.30 0.20

Balance Sheet View Details

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

Profit Loss View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 19 22
Other Income 0 0 0
Total Income 19 0 22
Total Expenditure -19 0 -21
PBIDT 0 0 1
Interest 0
Depreciation 0 0
Taxation 0 0
Exceptional Items 0
PAT 0 0 0

Cash Flow View Details

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

Shareholding Pattern View Details

8 Qtrs 2017-09 (%) 2018-03 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 100.00 43.98 43.98 43.98 43.98 43.98 43.98 43.98
Public 0.00 56.02 56.02 56.02 56.02 56.02 56.02 56.02
Depository Receipts 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

Announcements View Details

Fri, 30 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulation 2018 for the period ended on 30/06/2021.
Tue, 20 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- SHALIN A SHAH
Designation :- Managing Director / Whole Time Director
Thu, 08 Jul 2021
Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015 For The Half Year Ended On 31/03/2021.
Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015 For The Half Year Ended On 31/03/2021.

Technical Scans View Details

Fri, 30 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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