Ashoka Metcast

Ahmedabad, India Founded: 2009 • Age: 17 yrs Listed
Steel products manufacturer

About Ashoka Metcast

Ashoka Metcast is a publicly listed company based in Ahmedabad (India) founded in 2009. Steel products manufacturer. Its Indian entity Ashoka Metcast Limited reported revenue of ₹37.32 Cr. Ashoka Metcast offers products and services including Metal Castings and Investor Services. Its focus areas include Chemicals and Materials, Metals and Alloys and Steel.

Company details

Ashoka Metcast was founded in 2009 and is based in Ahmedabad, India. Steel products such as TMT bars, angle bars, mild steel bars, and steel channels are produced by the company within the manufacturing sector. Operations focus on fabrication and supply of these materials for construction and industrial applications. Leadership is provided by Managing Director Shalin Shah, with the domain ashokametcast.in used for online presence.

  • Headquarters Ahmedabad, India
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website ashokametcast.in
  • Legal Name Ashoka Metcast Limited
Key Metrics
  • Market Cap
    ₹34.84 Cr

    ASHOKAMET · NSE

  • Share Price
    ₹14.15

    +1.51% today

  • Revenue
    ₹27.70 Cr

    FY 2025-26 · -28.9% YoY

  • EBITDA
    ₹6.47 Cr

    Margin 23.4%

  • Net Profit
    ₹10.79 Cr

    FY 2025-26 · +239.3% YoY

  • P/E (TTM)
    2.7x

    P/B 0.3x

Products & Services of Ashoka Metcast

Ashoka Metcast offers a comprehensive portfolio of products and services, including Metal Castings and Investor Services.

Metal Castings
Manufacturing Products

Metal castings are produced for industrial applications and are managed through established processes.

Investor Services
Financial Services

Investor relations and compliance services are offered via designated agents to support operational needs.

Board of directors of Ashoka Metcast Limited (Ashoka Metcast)

Ashoka Metcast Limited is the primary company behind Ashoka Metcast. The board of Ashoka Metcast Limited currently have 5 directors; the longest-serving is Shalin Ashok Shah, appointed in 2009. 17 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shalin Ashok Shah
DIN 00297447
Director29 Jul 200917 yrs 3 moAshoka Metcast Limited
Ashok Chinubhai Shah
DIN 02467830
Managing Director23 Oct 20179 yrsAshoka Metcast Limited
Hiteshkumar Madhubhai Donga
DIN 03393396
Director06 Apr 20233 yrs 6 moAshoka Metcast Limited
Rushabh Rajnikantbhai Shah
DIN 09474282
Director06 Apr 20233 yrs 6 moAshoka Metcast Limited
Deepti Ghanshyam Gavali
DIN 10272798
Director11 Aug 20233 yrs 2 moAshoka Metcast Limited

People of Ashoka Metcast

1 people are tracked at Ashoka Metcast (1 in leadership).

NameRoleGroup
Managing DirectorLeadership
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Complete people profiles for Ashoka Metcast

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IPO & Listings of Ashoka Metcast

Ashoka Metcast is a publicly listed company on the NSE with ticker symbol ASHOKAMET in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date05 Feb 2018
  • Listed onBSE: 540923 · NSE: ASHOKAMET
  • Listed entityAshoka Metcast Limited
  • Exchange sectorProducer manufacturing
  • ISININE760Y01011
  • Share price₹14.68 (+1.45% on the day) · 2026-10-14
  • Market capitalisation₹36.6 Cr
  • Volume (last session)25,821

Financials of Ashoka Metcast

Exchange-reported figures of Ashoka Metcast Limited, the listed company behind Ashoka Metcast (NSE: ASHOKAMET).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹27.70 Cr
-28.9% YoY
EBITDA
₹6.47 Cr
+73.0% YoY
Profit After Tax
₹10.79 Cr
+239.3% YoY
Net Worth
₹122 Cr
+9.5% YoY
Total Assets
₹192 Cr
+43.1% YoY
Total Debt
₹57.73 Cr
+286.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue27.7038.9666.2550.4467.0354.3021.99
Revenue growth-28.9%-41.2%+31.3%-24.8%+23.4%+146.9%-
EBITDA6.473.747.014.474.381.760.75
EBITDA margin+23.4%+9.6%+10.6%+8.9%+6.5%+3.2%+3.4%
Profit before tax13.836.096.494.072.780.180.12
Net profit10.793.183.843.231.840.150.05
Net profit margin+39.0%+8.2%+5.8%+6.4%+2.8%+0.3%+0.2%
EPS (₹)6.052.191.921.291.190.140.02
Balance sheet
Total assets19213412812364.9444.6037.77
Net worth12211110510140.6320.4720.35
Total debt57.7314.9415.7815.7520.9023.3114.60
Cash & bank1.790.801.511.380.210.210.26
Net working capital11390.9085.8993.9141.6224.5517.34
Cash flow
Cash from operations(17.18)(6.27)15.90(46.33)(14.58)(7.84)(10.05)
Cash from investing1.470.26(13.32)(5.41)(3.64)(0.45)(0.25)
Cash from financing16.715.30(2.45)52.9118.218.259.79
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4.0710.356.695.215.456.496.8814.33
Revenue growth (YoY)-25.3%+59.5%-2.8%-63.6%-51.6%---
Other income4.632.773.172.531.143.660.540.94
EBITDA(0.74)2.412.441.110.51(3.17)2.173.85
EBITDA margin-18.2%+23.3%+36.5%+21.3%+9.4%-48.8%+31.5%+26.9%
Depreciation0.180.400.150.150.15(0.11)0.260.35
Interest0.330.320.340.380.390.370.400.57
Profit before tax3.384.465.123.111.110.232.053.87
Tax0.152.240.640.160.00(0.32)0.260.38
Net profit3.232.224.482.951.110.551.793.49
EPS (₹)1.292.621.801.180.450.220.721.39
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3.261.801.482.680.002.211.98
Revenue growth+81.1%+21.6%-44.8%--100.0%+11.6%-
EBITDA(0.15)(0.22)(0.04)(0.09)(0.23)0.160.12
EBITDA margin-4.6%-12.2%-2.7%-3.4%-+7.2%+6.1%
Profit before tax0.672.711.240.09(0.09)0.00(0.04)
Net profit0.500.03(0.07)0.09(0.40)0.00(0.03)
Net profit margin+15.3%+1.7%-4.7%+3.4%-0.0%-1.5%
EPS (₹)0.200.960.370.04(0.06)0.00(0.03)
Balance sheet
Total assets56.1739.6737.2836.3537.6022.0724.28
Net worth39.3538.8536.4635.5433.5821.2521.29
Total debt16.000.000.000.003.200.000.17
Cash & bank1.490.500.251.100.100.030.12
Net working capital3.433.032.782.291.272.734.30
Cash flow
Cash from operations0.54(0.26)(1.69)0.091.59(0.36)1.78
Cash from investing(15.56)0.510.842.25(17.14)0.44(0.17)
Cash from financing16.000.000.00(1.33)15.62(0.17)(2.17)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.691.850.540.450.420.000.500.78
Revenue growth (YoY)+64.3%-+8.0%-42.3%-19.2%---
Other income0.180.560.000.080.460.240.530.93
Total expenses0.761.980.480.440.510.150.550.78
EBITDA(0.07)(0.13)0.060.01(0.09)(0.15)(0.05)0.00
EBITDA margin-10.1%-7.0%+11.1%+2.2%-21.4%--10.0%0.0%
Depreciation0.030.260.010.010.010.050.010.01
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.080.170.050.080.360.040.470.92
Tax0.000.170.000.000.00(0.02)0.070.07

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4.0710.356.695.215.456.496.8814.33
Revenue growth (YoY)-25.3%+59.5%-2.8%-63.6%-51.6%---
Other income4.632.773.172.531.143.660.540.94
EBITDA(0.74)2.412.441.110.51(3.17)2.173.85
EBITDA margin-18.2%+23.3%+36.5%+21.3%+9.4%-48.8%+31.5%+26.9%
Depreciation0.180.400.150.150.15(0.11)0.260.35
Interest0.330.320.340.380.390.370.400.57
Profit before tax3.384.465.123.111.110.232.053.87
Tax0.152.240.640.160.00(0.32)0.260.38
Net profit3.232.224.482.951.110.551.793.49
EPS (₹)1.292.621.801.180.450.220.721.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue27.7038.9666.2550.4467.0354.3021.99
Revenue growth-28.9%-41.2%+31.3%-24.8%+23.4%+146.9%-
Other income9.624.571.750.750.310.040.08
Total expenses21.2335.2259.2445.9762.6552.5421.24
Employee cost0.001.161.111.501.111.170.56
EBITDA6.473.747.014.474.381.760.75
EBITDA margin+23.4%+9.6%+10.6%+8.9%+6.5%+3.2%+3.4%
Depreciation0.840.660.740.430.640.640.41
Interest1.421.561.530.721.270.980.30
Profit before tax13.836.096.494.072.780.180.12
Tax3.040.621.690.980.530.050.02
Net profit10.793.183.843.231.840.150.05
Net profit margin+39.0%+8.2%+5.8%+6.4%+2.8%+0.3%+0.2%
EPS (₹)6.052.191.921.291.190.140.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.0025.0025.0025.0017.5410.7110.71
Reserves & surplus96.9886.4279.5676.4917.509.769.64
Shareholders' funds (net worth)12211110510140.6320.4720.35
Minority interest11.797.216.735.012.600.000.00
Secured loans0.000.411.102.763.321.660.00
Unsecured loans57.7314.5314.6812.9917.5821.6514.60
Total debt57.7314.9415.7815.7520.9023.3114.60
Total liabilities19213412812364.9444.6037.77
Assets
Gross block19.7119.4919.3210.529.8212.0711.87
Net block16.1616.5717.018.738.5011.2411.54
Capital work in progress5.731.500.000.000.000.000.00
Investments10.3511.1210.374.554.865.475.44
Inventories50.9839.8934.3431.8724.2011.588.47
Sundry debtors27.6426.1326.2828.6423.5917.1311.83
Cash & bank balances1.790.801.511.380.210.210.26
Loans & advances48.0431.8732.8341.132.101.312.15
Total current assets12898.6994.9610350.1030.2322.71
Total current liabilities15.607.799.079.118.485.685.37
Net working capital11390.9085.8993.9141.6224.5517.34
Total assets19213412812364.9444.6037.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.801.511.380.210.210.260.78
Net cash from operating activities(17.18)(6.27)15.90(46.33)(14.58)(7.84)(10.05)
Net cash from investing activities1.470.26(13.32)(5.41)(3.64)(0.45)(0.25)
Net cash from financing activities16.715.30(2.45)52.9118.218.259.79
Net change in cash0.99(0.71)0.131.170.00(0.05)(0.51)
Closing cash1.790.801.511.380.210.210.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-28.9%-41.2%+31.3%-24.8%+23.4%+146.9%-
EBITDA growth+73.0%-46.7%+56.8%+2.1%+148.9%+134.7%-
PBT growth+127.1%-6.2%+59.5%+46.4%+1444.4%+50.0%+9998.0%
Net income growth+239.3%-17.2%+18.9%+75.5%+1126.7%+200.0%-
Revenue CAGR (3Y)-18.1%-16.6%+6.9%+31.9%-+41.5%-
EBITDA CAGR (3Y)+13.1%-5.1%+58.5%+81.3%---
Profitability & leverage
Net income margin+39.0%+14.0%+7.3%+6.1%+3.4%+0.2%+0.5%
Return on capital employed-+4.0%+5.6%+5.3%+6.9%+2.8%+1.2%
Return on net worth-+3.0%+3.7%+4.4%+6.4%+0.6%+0.3%
Debt / equity-0.140.150.260.720.930.47
Long-term debt / equity-0.040.020.050.220.370.26
Interest cover25.2250.6524.4017.8233.9687.5088.24
Efficiency & per share
Fixed asset turnover-2.014.444.966.124.542.58
Inventory turnover-1.052.001.803.755.425.19
Debtors turnover-1.492.411.933.293.752.50
EPS (₹)6.052.191.921.291.190.140.02
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0044.5741.8340.6019.9819.1219.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.691.850.540.450.420.000.500.78
Revenue growth (YoY)+64.3%-+8.0%-42.3%-19.2%---
Other income0.180.560.000.080.460.240.530.93
Total expenses0.761.980.480.440.510.150.550.78
EBITDA(0.07)(0.13)0.060.01(0.09)(0.15)(0.05)0.00
EBITDA margin-10.1%-7.0%+11.1%+2.2%-21.4%--10.0%0.0%
Depreciation0.030.260.010.010.010.050.010.01
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.080.170.050.080.360.040.470.92
Tax0.000.170.000.000.00(0.02)0.070.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3.261.801.482.680.002.211.98
Revenue growth+81.1%+21.6%-44.8%--100.0%+11.6%-
Other income1.103.001.310.240.310.000.00
Total expenses3.412.021.522.770.232.051.86
Employee cost0.000.120.070.010.080.040.03
EBITDA(0.15)(0.22)(0.04)(0.09)(0.23)0.160.12
EBITDA margin-4.6%-12.2%-2.7%-3.4%-+7.2%+6.1%
Depreciation0.280.070.030.060.170.160.16
Interest0.000.000.000.000.000.000.00
Profit before tax0.672.711.240.09(0.09)0.00(0.04)
Tax0.170.310.320.000.000.00(0.01)
Net profit0.500.03(0.07)0.09(0.40)0.00(0.03)
Net profit margin+15.3%+1.7%-4.7%+3.4%-0.0%-1.5%
EPS (₹)0.200.960.370.04(0.06)0.00(0.03)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.0025.0025.0025.0017.5410.7110.71
Reserves & surplus14.3513.8511.4610.5410.4510.5410.58
Shareholders' funds (net worth)39.3538.8536.4635.5433.5821.2521.29
Secured loans0.000.000.000.000.000.000.17
Unsecured loans16.000.000.000.003.200.000.00
Total debt16.000.000.000.003.200.000.17
Total liabilities56.1739.6737.2836.3537.6022.0724.28
Assets
Gross block0.510.480.330.330.330.330.30
Net block0.220.250.130.150.200.240.24
Capital work in progress0.000.000.000.000.000.000.00
Investments17.2222.3323.7417.9117.9116.018.61
Inventories0.000.000.000.000.000.000.00
Sundry debtors3.193.303.184.661.593.104.51
Cash & bank balances1.490.500.251.100.100.030.12
Loans & advances0.050.190.070.070.070.060.09
Total current assets4.733.993.505.831.763.194.72
Total current liabilities1.300.960.723.540.490.460.42
Net working capital3.433.032.782.291.272.734.30
Total assets56.1739.6737.2836.3537.6022.0724.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.500.251.100.100.030.120.68
Net cash from operating activities0.54(0.26)(1.69)0.091.59(0.36)1.78
Net cash from investing activities(15.56)0.510.842.25(17.14)0.44(0.17)
Net cash from financing activities16.000.000.00(1.33)15.62(0.17)(2.17)
Net change in cash0.980.25(0.85)1.010.07(0.09)(0.56)
Closing cash1.490.500.251.100.100.030.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+81.1%+21.6%-44.8%--100.0%+11.6%-
EBITDA growth+31.8%-450.0%+55.6%+60.9%-243.8%+33.3%-
PBT growth-75.3%+118.6%+1277.8%+9998.0%+9997.0%+9997.0%+33.3%
Net income growth+1566.7%+142.9%-177.8%+122.5%-+100.0%-
Revenue CAGR (3Y)+6.8%--12.5%+10.6%--51.3%+170.5%
EBITDA CAGR (3Y)+18.6%-1.5%---6.4%-+81.7%
Profitability & leverage
Net income margin+15.3%+133.3%+62.2%+3.4%-0.0%-1.5%
Return on capital employed-+0.1%-0.2%+0.2%0.0%0.0%0.0%
Return on net worth-+0.1%-0.2%+0.3%0.0%0.0%0.0%
Debt / equity-0.000.000.050.060.000.06
Long-term debt / equity-0.000.000.050.060.000.06
Interest cover0.000.000.000.000.00-0.00
Efficiency & per share
Fixed asset turnover-4.444.488.120.007.026.60
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-0.560.380.860.000.580.39
EPS (₹)0.200.960.370.04(0.06)0.00(0.03)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0015.5414.5814.2215.9619.8419.88

Top companies in Metals & Minerals

3 companies that operate in the same segment as Ashoka Metcast (Metals & Minerals) in India, ranked by their profile score on The Company Check.

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Manufacturer of pipes, plates & coils, and home textile products
1985Mumbai, Maharashtra, IndiaUSD 544.74 M6,934
Chemical and casting products are manufactured, with shipping operations managed.
1962Chennai, Tamil Nadu, IndiaUSD 576.61 MUSD 1.43 B180
Diversified operations span automotive, agriculture, and financial services.
1945Mumbai, Maharashtra, IndiaUSD 45.15 MUSD 20.78 B78,760
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Frequently Asked Questions about Ashoka Metcast

Ashoka Metcast was founded in 2009.

Ashoka Metcast is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

The primary company behind Ashoka Metcast, Ashoka Metcast Limited, reported revenue of ₹37.32 Cr for FY 2026, down 29% year on year.

Ashoka Metcast was founded in 2009 and is based in Ahmedabad, India. Steel products such as TMT bars, angle bars, mild steel bars, and steel channels are produced by the company within the manufacturing sector. Operations focus on fabrication and supply of these materials for construction and industrial applications. Leadership is provided by Managing Director Shalin Shah, with the domain ashokametcast.in used for online presence.

Ashoka Metcast offers Metal Castings and Investor Services.

Yes, Ashoka Metcast is publicly traded on NSE under the ticker symbol ASHOKAMET.

Ashoka Metcast operates through Ashoka Metcast Limited.

The legal entities of Ashoka Metcast currently have 7 directors, including Ashok Chinubhai Shah, Shalin Ashok Shah, Hiteshkumar Madhubhai Donga and others.

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