Ahmedabad-based company trading in steel and other goods on a standalone basis, with a majority (55.52%) stake in listed subsidiary Rhetan TMT Limited, a basic iron & steel manufacturer.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 11 | 11 | 18 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 10 | 10 | 23 | 76 | 80 | 86 | 85 | 97 |
| Borrowings | 15 | 23 | 21 | 16 | 16 | 15 | 31 | 58 |
| Other Liabilities | 9 | 7 | 13 | 16 | 18 | 16 | 18 | 29 |
| Total Liabilities | 44 | 51 | 74 | 133 | 138 | 143 | 159 | 208 |
| AssetsFixed Assets | 12 | 11 | 8 | 9 | 17 | 17 | 17 | 16 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 6 |
| Investments | 5 | 5 | 5 | 5 | 10 | 11 | 7 | 10 |
| Other Assets | 27 | 34 | 61 | 120 | 111 | 114 | 134 | 176 |
| Total Assets | 44 | 51 | 74 | 133 | 138 | 143 | 159 | 208 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -2 | -10 | -8 | -15 | -46 | 16 | -6 | -17 |
| Cash from Investing | 3 | 0 | 0 | -4 | -5 | -13 | -2 | 1 |
| Cash from Financing | -1 | 10 | 8 | 18 | 53 | -2 | 8 | 17 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | -12 | -8 | -15 | -47 | 7 | -8 | -22 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
ASHOKAMET · CYCLICAL_UNMODELABLE
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