New Risk • May 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹417.4m market cap, or US$4.39m). Minor Risk Revenue is less than US$5m (₹373m revenue, or US$3.9m). Announcement • Apr 29
Ashoka Metcast Limited to Report Q4, 2026 Results on May 02, 2026 Ashoka Metcast Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 02, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹16.77, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 21x in the Trade Distributors industry in India. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹12.11, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 18x in the Trade Distributors industry in India. Total loss to shareholders of 21% over the past three years. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹1.80 (vs ₹0.72 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.80 (up from ₹0.72 in 3Q 2025). Revenue: ₹98.6m (up 43% from 3Q 2025). Net income: ₹44.9m (up 151% from 3Q 2025). Profit margin: 46% (up from 26% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Ashoka Metcast Limited to Report Q3, 2026 Results on Feb 13, 2026 Ashoka Metcast Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹1.18 (vs ₹1.39 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.18 (down from ₹1.39 in 2Q 2025). Revenue: ₹77.5m (down 49% from 2Q 2025). Net income: ₹29.6m (down 15% from 2Q 2025). Profit margin: 38% (up from 23% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 05
Ashoka Metcast Limited to Report Q2, 2026 Results on Nov 11, 2025 Ashoka Metcast Limited announced that they will report Q2, 2026 results on Nov 11, 2025 New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹412.7m market cap, or US$4.69m). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Revenue is less than US$5m (₹332m revenue, or US$3.8m). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹19.20, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total returns to shareholders of 142% over the past three years. Announcement • Sep 01
Ashoka Metcast Limited, Annual General Meeting, Sep 26, 2025 Ashoka Metcast Limited, Annual General Meeting, Sep 26, 2025, at 15:30 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.45 (vs ₹0.61 in 1Q 2025) First quarter 2026 results: EPS: ₹0.45 (down from ₹0.61 in 1Q 2025). Revenue: ₹66.0m (down 48% from 1Q 2025). Net income: ₹11.3m (down 26% from 1Q 2025). Profit margin: 17% (up from 12% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. New Risk • Jun 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹390m (US$4.5m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹431.4m market cap, or US$5.02m). Minor Risk Revenue is less than US$5m (₹390m revenue, or US$4.5m). Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹2.94 (vs ₹1.92 in FY 2024) Full year 2025 results: EPS: ₹2.94 (up from ₹1.92 in FY 2024). Revenue: ₹453.9m (down 32% from FY 2024). Net income: ₹73.4m (up 53% from FY 2024). Profit margin: 16% (up from 7.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Ashoka Metcast Limited to Report Q4, 2025 Results on May 28, 2025 Ashoka Metcast Limited announced that they will report Q4, 2025 results on May 28, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.72 (vs ₹0.15 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.72 (up from ₹0.15 in 3Q 2024). Revenue: ₹74.2m (up 6.9% from 3Q 2024). Net income: ₹17.9m (up 373% from 3Q 2024). Profit margin: 24% (up from 5.5% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Ashoka Metcast Limited Announces Resignation of Manjusha Rahul Salunke as Director Ashoka Metcast Limited announced that Mrs. Manjusha Rahul Salunke has tendered her resignation from the post of Independent Director of the Company effective 15th February, 2025 due to personal reasons. Announcement • Feb 07
Ashoka Metcast Limited to Report Q3, 2025 Results on Feb 13, 2025 Ashoka Metcast Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Jan 01
Ashoka Metcast Limited Announces Resignation of Dipak Pandit Nikam as Chief Financial Officer Ashoka Metcast Limited informed that Mr. Dipak Pandit Nikam has tendered his resignation from the post of Chief Financial Officer of the company with effect from 1 January 2025 due to Personal Reasons. The Company has received his resignation letter dated 1 January 2025. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹28.45, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 487% over the past three years. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Director Payal Shah was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 23
Now 23% undervalued Over the last 90 days, the stock has risen 33% to ₹25.81. The fair value is estimated to be ₹33.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹28.61, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 38x in the Trade Distributors industry in India. Total returns to shareholders of 615% over the past three years. Reported Earnings • Oct 11
Second quarter 2025 earnings released: EPS: ₹1.39 (vs ₹0.14 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.39 (up from ₹0.14 in 2Q 2024). Revenue: ₹152.7m (up 154% from 2Q 2024). Net income: ₹34.8m (up ₹31.4m from 2Q 2024). Profit margin: 23% (up from 5.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
Ashoka Metcast Limited Appoints Payal Shalin Shah as Additional Non-Executive Director Ashoka Metcast Limited at the Board Meeting held on October 10, 2024 appointed Mrs. Payal Shalin Shah as Additional Non-Executive Director of the Company effective from 10 October, 2024. Mrs. Payal Shah has completed her Bachelor of Arts (B.A.) from St. Xavier's Ahmedabad and boast s 8 years of experience in the travel industry. She adeptly manages investment portfolios, leveraging her expertise to optimize financial assets through strategic allocation and risk management, ensuring robust growth of organization. Her expertise ensures that grow finances wisely and manage risks effectively, which ultimately strengthens financial health and supports long-term goals of the Company. Announcement • Oct 01
Ashoka Metcast Limited to Report Q2, 2025 Results on Oct 10, 2024 Ashoka Metcast Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Oct 10, 2024 Announcement • Sep 12
Ashoka Metcast Limited Appoints Manjusha Rahul Salunke as Non-Executive Independent Director Ashoka Metcast Limited announced that Members of the Company at the 15th Annual General Meeting held September 12, 2024, have approved the regularization of appointment of Mrs. Manjusha Rahul Salunke (DIN: 10666478), as Non-Executive Independent Director of the Company for a period of 5 (five) years effective from 15th June, 2024 to 14th June, 2029 Mrs. Manjusha Salunke, aged 42 years is a graduate in Bachelor of Science (Home Science). She has more than 15 years of experience as a sales manager in IT Industry and such other industry, showcasing invaluable expertise that significantly enhances the company's operations. Announcement • Aug 14
Ashoka Metcast Limited, Annual General Meeting, Sep 12, 2024 Ashoka Metcast Limited, Annual General Meeting, Sep 12, 2024, at 15:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.61 (vs ₹0.28 in 1Q 2024) First quarter 2025 results: EPS: ₹0.61 (up from ₹0.28 in 1Q 2024). Revenue: ₹125.6m (down 12% from 1Q 2024). Net income: ₹15.2m (up 114% from 1Q 2024). Profit margin: 12% (up from 5.0% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 07
Ashoka Metcast Limited to Report Q1, 2025 Results on Aug 12, 2024 Ashoka Metcast Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • Jun 15
Ashoka Metcast Limited Appoints Mrs. Payal Punit Pandya as Company Secretary and Compliance Officer Ashoka Metcast Limited announced that Mrs. Payal Punit Pandya is appointed as Company Secretary and Compliance Officer of the Company with effect from June 15, 2024 pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Payal Punit Pandya is a Qualified Company Secretary. She has also done bachelor of commerce (B. Com.). She possesses knowledge of Company law, SEBI regulations and can handle the legal matters. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹1.92 (vs ₹1.29 in FY 2023) Full year 2024 results: EPS: ₹1.92 (up from ₹1.29 in FY 2023). Revenue: ₹680.0m (up 33% from FY 2023). Net income: ₹47.9m (up 49% from FY 2023). Profit margin: 7.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹502.2m market cap, or US$6.02m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹18.04, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 35x in the Trade Distributors industry in India. Total returns to shareholders of 342% over the past three years. Announcement • May 20
Ashoka Metcast Limited to Report Q4, 2024 Results on May 28, 2024 Ashoka Metcast Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹17.20, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 29x in the Trade Distributors industry in India. Total returns to shareholders of 287% over the past three years. Announcement • Mar 22
Ashoka Metcast Limited Announces Daxaben Shah Resigns as Independent Director Ashoka Metcast Limited announced that Daxaben Shah (DIN: 08054390) has tendered her resignation from the post of Independent Director of the Company effective 19th March, 2024 due to personal reasons. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹21.62, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 30x in the Trade Distributors industry in India. Total returns to shareholders of 367% over the past three years. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹0.15 (vs ₹0.42 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.15 (down from ₹0.42 in 3Q 2023). Revenue: ₹69.4m (down 57% from 3Q 2023). Net income: ₹3.79m (down 64% from 3Q 2023). Profit margin: 5.5% (down from 6.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹26.20, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total returns to shareholders of 572% over the past three years. Announcement • Dec 22
Ashoka Metcast Limited Announces Resignation of Hi Renkumar Tribhovandas Makwana as Chief Financial Officer Ashoka Metcast Limited announced that Mr. Hi renkumar Tribhovandas Makwana has tendered his resignation from the post of Chief Financial Officer of the Company w.e.f 22nd December, 2023, due to better opportunity elsewhere. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹21.64, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 522% over the past three years. Announcement • Oct 31
Ashoka Metcast Limited to Report Q2, 2024 Results on Nov 08, 2023 Ashoka Metcast Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹18.80, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 755% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.28 (vs ₹0.23 in 1Q 2023) First quarter 2024 results: EPS: ₹0.28 (up from ₹0.23 in 1Q 2023). Revenue: ₹142.2m (up 54% from 1Q 2023). Net income: ₹7.12m (up 27% from 1Q 2023). Profit margin: 5.0% (down from 6.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Ashoka Metcast Limited to Report Q1, 2024 Results on Aug 11, 2023 Ashoka Metcast Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₹24.07, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 28x in the Trade Distributors industry in India. Total returns to shareholders of 812% over the past three years. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹1.29 (vs ₹1.19 in FY 2022) Full year 2023 results: EPS: ₹1.29 (up from ₹1.19 in FY 2022). Revenue: ₹511.9m (down 24% from FY 2022). Net income: ₹32.2m (up 54% from FY 2022). Profit margin: 6.3% (up from 3.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Ashoka Metcast Limited to Report Second Half, 2023 Results on May 24, 2023 Ashoka Metcast Limited announced that they will report second half, 2023 results on May 24, 2023 Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹19.32, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total returns to shareholders of 1,036% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹16.20, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 698% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹17.50, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 685% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹10.05, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 258% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 22% share price gain to ₹10.00, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 317% over the past three years. Announcement • Dec 02
Ashoka Metcast Limited Appoints Anchal Nareshkumar Bansal as Company Secretary and Compliance Officer Ashoka Metcast Limited announced that Ms. Anchal Nareshkumar Bansal (ACS: 45324) is appointed as the Company Secretary & Compliance Officer of the Companywith effect from 1st December, 2022 pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Qualification M.COM., Company Secretary (CS) Experience/Expertise in specific functional areas CS Anchal Bansal is an associate member (ACS-45324) of ICSI having experience of more than 5 years in the field of Corporat e Law, Corporate Governance and SEBI related matters. Reason for appointment: To fulfil the requirement of Section 203 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹9.18, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 259% over the past three years. Announcement • Nov 03
Ashoka Metcast Limited to Report Q2, 2023 Results on Nov 14, 2022 Ashoka Metcast Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 23% share price gain to ₹10.08, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total returns to shareholders of 311% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹8.20, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 165% over the past three years. Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: ₹1.19 (vs ₹0.14 in FY 2021) Full year 2022 results: EPS: ₹1.19 (up from ₹0.14 in FY 2021). Revenue: ₹670.3m (up 23% from FY 2021). Net income: ₹20.9m (up ₹19.4m from FY 2021). Profit margin: 3.1% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹7.20, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total returns to shareholders of 93% over the past three years. Announcement • Jul 04
Ashoka Metcast Limited Appoints Hiren Tribhovandas Makwana as Chief Financial Officer Ashoka Metcast Limited informed that Mr. Hiren Tribhovandas Makwana is appointed as the Chief Financial Officer of the Company effective 2nd July, 2022. Mr. Hiren T. Makwana aged about 27 years is commerce graduate. He possesses more than five years of experience in the field of accounta ncy. He is capable to organize competent financial reporting. His appointment will not only aid the Company to fruitful investment of existing resources but also benefit the Company by providing strategic recommendation to the Management team to generate more assets for the Company. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₹7.50, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₹8.52, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 21x in the Trade Distributors industry in India. Total returns to shareholders of 81% over the past three years. Announcement • Feb 08
Ashoka Metcast Limited to Appoint Daxaben Mahendrakumar Shah as the Additional Director Ashoka Metcast Limited announced the Appointment of Mrs. Daxaben Mahendrakumar Shah as the Additional Director (Independent Director Category) of the company in its board meeting to be held on February 15, 2022. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₹9.45, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹8.75, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₹4.36, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total loss to shareholders of 3.1% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹4.64, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 31x in the Trade Distributors industry in India. Total returns to shareholders of 9.2% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 21% share price gain to ₹4.88, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.04, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 28x in the Trade Distributors industry in India. Total loss to shareholders of 30% over the past three years. Announcement • Aug 25
Ashoka Metcast Limited announced that it expects to receive funding from Shivaansh Estates Pvt Ltd, TIW Systems Pvt Ltd. and other investors Ashoka Metcast Limited announced a private placement of 14,286,000 Convertible Warrants on August 24, 2021. Each warrant will be converted into equal number of equity shares within a period of 18 months from the date of allotment on preferential basis to promoters and non-promoters and is subject to the approval of the shareholders of the Company in terms of the provisions of the Companies Act, 2013, SEBI Regulation, 2018 and SEBI Regulation, 2015. The transaction will include participation from Shalin Ashok Shah for 3,690,000 Convertible Warrants, Payal Shalin Shah for 1,206,000 Convertible Warrants, Leena Ashok Shah for 1,902,000 Convertible Warrants, Ashok Chinubhai Shah for 1,902,000 Convertible Warrants, Mita H. Shah for 750,000 Convertible Warrants, Akhil H. Shah for 750,000 Convertible Warrants, Shivaansh Estates Pvt Ltd for 1,488,000 Convertible Warrants, Tapan Desai for 810,000 Convertible Warrants, TIW Systems Pvt Ltd. for 996,000 Convertible Warrants and Aalps Commodities LLP for 792,000 Convertible Warrants. The transaction has been approved company’s board of directors. Executive Departure • Jul 13
Non-Executive & Independent Director Chitra Thaker has left the company On the 2nd of July, Chitra Thaker's tenure as Non-Executive & Independent Director ended after 3.6 years in the role. We don't have any record of a personal shareholding under Chitra's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 25% share price gain to ₹4.35, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 37x in the Trade Distributors industry in India. Negligible returns to shareholders over past three years. Announcement • Jan 31
Ashoka Metcast Limited Appoints Divyarajsinh M. Zala as Company Secretary and Compliance Officer Ashoka Metcast Limited disclosed that Mr. Divyarajsinh M. Zala (Membership No. A43094) has been appointed as Whole Time Company Secretary and Compliance Officer of the Company with effect from 30th January, 2021. He is an associate member of the Institute of Company Secretaries of India and has Masters degree in Commerce. He has an experience of more than three years in Corporate Secretarial Functions. He possesses knowledge of Company law; SEBI regulations and can handle the legal matters. His appointment will help the Company to comply with all the applicable laws and to maintain good governance practice. Is New 90 Day High Low • Jan 15
New 90-day high: ₹3.72 The company is up 96% from its price of ₹1.90 on 09 October 2020. The Indian market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 66% over the same period. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₹3.23, the stock is trading at a trailing P/E ratio of 2.8x, up from the previous P/E ratio of 2.5x. This compares to an average P/E of 32x in the Trade Distributors industry in India. Total returns to shareholders over the past year are 29%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹2.85, the stock is trading at a trailing P/E ratio of 2.5x, down from the previous P/E ratio of 3.1x. This compares to an average P/E of 32x in the Trade Distributors industry in India. Total returns to shareholders over the past year are 1.4%. Is New 90 Day High Low • Dec 06
New 90-day high: ₹2.69 The company is up 27% from its price of ₹2.12 on 01 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 39% over the same period. Valuation Update With 7 Day Price Move • Dec 06
Market bids up stock over the past week After last week's 21% share price gain to ₹2.69, the stock is trading at a trailing P/E ratio of 2.4x, up from the previous P/E ratio of 2x. This compares to an average P/E of 24x in the Trade Distributors industry in India. Total returns to shareholders over the past year are 12%. 
