Ashoka Metcast Ltd

Ashoka Metcast Ltd (540923)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-11.78 %
3 Month Return-0.75 %
1 Year Return89.49 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 405
Rank 421
Rank 275
Dividend Yield
Rank 113
Rank 723
Price To Book Ratio
Debt To Asset
Rank 138

Company Information

Ashoka Metcast Limited was incorporated as Tanya Estate Private Limited on July 29 2009. The company had in its earlier years began to develop real estate infrastructure and land plotting vertical however due to unforeseen circumstances and changes in market dynamics the real estate business division faced delays in execution of its plans and eventually could not complete the proposed acquisition and related plans. Hence the company was thereafter nonoperative for since incorporation and has been over time looking to realign its business model and financial allocations. The Company has changed its main objects on July 202017 and the name was changed to Ashoka Metcast Private Limited on September 13 2017. Further the status of the company was changed to a public limited company by a special resolution passed at a shareholders meeting on October 23 2017 and consequently name of the Company was changed to Ashoka Metcast Limited on November 09 2017. The company is currently engaged in trading and manufacturing of structural steel products like TMT bars angles channels MS Bars etc. Further the company has recently acquired 100 stake in Shree Ghantakarna Rolling Mills Pvt. Ltd. making it its wholly owned subsidiary company. The subsidiary company owns a rolling mill having aggregate installed capacity of 12000 tons however the same has been nonoperational for 16 years due to internal financial constraints as well as market conditions. Post acquisition the company has begun the process of revamping as well as expanding its production facilities and intend to begin its production in April 2018 with an aggregate installed capacity of 18000 tons per annum.
OrganisationAshoka Metcast Ltd