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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Ashoka Metcast Limited is engaged in the trading of steel and other items. The Company is engaged in trading and manufacturing of structural steel products like thermo-mechanically treated (TMT) bars, angles, channels, mild steel (MS) bars and others. Its segments operate in…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, trading cheap versus its own history — but flagged on governance.
ASHOKA METCAST LIMITED is scored on the general / industrial framework. It keeps a fat 28.9% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -1.59×) — worth a closer look. Free cash flow is worth about -44.7% of its market value.
Over the last 3 years revenue compounded at -10%/yr and profit at 52%/yr. Book value has grown 8%/yr. Return on equity is a modest 10.4%. In the latest quarter profit grew 46% versus the prior quarter.
At 2× earnings, the stock sits at the 5th percentile of its own 3.4-year range — the cheap end of where it has historically traded. Today's price asks for only ~-22%/yr growth over a decade — undemanding expectations. The forensic screen raises 2 red flags: Only ₹-2.07 of cash per ₹1 profit over 4 years — earnings not converting to cash; 70% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 2.7 | 6.69 | better |
| P/B | 0.28 | — | — |
| EV/EBITDA | 2.67 | — | — |
| ROE | 10.36 | 24.99 | worse |
| ROCE | 12.35 | 4.19 | better |
| ROA | 7.41 | — | — |
| Quick Ratio | 2.55 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue declined 18% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (52% vs -10%) — margin expansion is at work. The latest year saw a +47% swing — check if it's a one-off or structural.
Operating margin has expanded from 8% to 37% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 8% — modest; the capital isn't working hard. Capital efficiency improving — ROE up 5pp across the window.
EPS has grown every year — each share earns more than the last, consistently. EPS outpaced profit growth — possible buybacks are concentrating earnings into fewer shares. 67% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 34% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (41% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 24% above earlier ones.
Profit jumped 45% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.4y median.
Promoter holding at 53.6% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.