ASHOKAMET
Ashoka Metcast financials
- Market cap
- ₹43 Cr
- Sector
- Metals & Mining
What Ashoka Metcast Limited does
Ashoka Metcast Limited's standalone operations consist of trading in steel and other goods. The company holds a majority stake in Rhetan TMT Limited, a separately listed subsidiary whose stated business is the manufacture of basic iron & steel; this subsidiary accounts for the bulk of the group's consolidated revenue. Beyond the trading and holding activities disclosed in its FY25 annual report, the filing does not describe any manufacturing operations, plants, or products of Ashoka Metcast itself.
Segments
- Steel and goods trading (standalone)
- Basic iron & steel manufacturing (via subsidiary)
- Group manufacturing subsidiary
- Rhetan TMT Limited (listed, manufactures basic iron & steel)
- Standalone business lines
- Steel trading; other goods trading
Quarterly results
Q1 FY27: revenue down 25.3%, net profit up 185.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 7 | 6 | 5 | 5 −64% | 7 −3% | 10 +59% | 4 −25% |
| EBITDA | 4 | 2 | -3 | 1 | 1 −71% | 2 +12% | 2 +176% | -1 −242% |
| Net profit | 3 | 2 | 1 | 1 | 3 −15% | 4 +151% | 2 +311% | 3 +186% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +4.2% 1Y
1Y: ₹16.51 on 10 Sept 2025 → ₹17.2. High ₹19.08 (18 Sept 2025), low ₹12.23 (30 Mar 2026).
Financials, as filed
Revenue fell 35.3% a year over 2 years, FY24 to FY26. Operating margin widened to 23.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹66 Cr | ₹39 Cr | ₹28 Cr |
| Operating profit | ₹7 Cr | ₹4 Cr | ₹6 Cr |
| Operating margin | 10.6% | 9.6% | 23.4% |
| Interest | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹5 Cr | ₹7 Cr | ₹11 Cr |
| Net margin | 7.6% | 18.8% | 39.0% |
| Cash from operations | ₹16 Cr | ₹-6 Cr | ₹-17 Cr |
| Free cash flow | ₹7 Cr | ₹-8 Cr | ₹-22 Cr |
| ROCE | 5.0% | 4.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹18 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹10 Cr | ₹23 Cr | ₹76 Cr | ₹80 Cr | ₹85 Cr | ₹97 Cr |
| Borrowings | ₹23 Cr | ₹21 Cr | ₹16 Cr | ₹16 Cr | ₹31 Cr | ₹58 Cr |
| Other liabilities | ₹7 Cr | ₹13 Cr | ₹16 Cr | ₹18 Cr | ₹18 Cr | ₹29 Cr |
| Total liabilities | ₹51 Cr | ₹74 Cr | ₹133 Cr | ₹138 Cr | ₹159 Cr | ₹208 Cr |
| Fixed assets | ₹11 Cr | ₹8 Cr | ₹9 Cr | ₹17 Cr | ₹17 Cr | ₹16 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹6 Cr |
| Investments | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹10 Cr | ₹7 Cr | ₹10 Cr |
| Other assets | ₹34 Cr | ₹61 Cr | ₹120 Cr | ₹111 Cr | ₹134 Cr | ₹176 Cr |
| Total assets | ₹51 Cr | ₹74 Cr | ₹133 Cr | ₹138 Cr | ₹159 Cr | ₹208 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 10% to 16,985.
- Promoters
- 53.6%
- Public
- 46.4%
Since Jun 2025
- Public +0.02 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 53.6%, Public 46.4%.Dec '23: Promoters 53.6%, Public 46.4%.Mar '24: Promoters 53.6%, Public 46.4%.Jun '24: Promoters 53.6%, Public 46.4%.Sep '24: Promoters 53.6%, Public 46.4%.Dec '24: Promoters 53.6%, Public 46.4%.Mar '25: Promoters 53.6%, Public 46.4%.Jun '25: Promoters 53.6%, Public 46.3%.Sep '25: Promoters 53.6%, Public 46.4%.Dec '25: Promoters 53.6%, Public 46.4%.Mar '26: Promoters 53.6%, Public 46.4%.Jun '26: Promoters 53.6%, Public 46.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ashoka Metcast Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shalin Ashok Shah | 22.18% | unchanged |
| Leena Ashok Shah | 9.85% | unchanged |
| Ashok Chinubhai Shah | 9.61% | unchanged |
| Shalin A Shah Huf | 7.18% | unchanged |
| Payal Shalin Shah | 4.83% | unchanged |
| Ashnisha Industries Ltd | 0.00% | unchanged |
| Lesha Ventures Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Ashoka Metcast Limited
Guides on how to read this kind of business and the numbers that matter.