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ASHOKAMETAshoka Metcast Limited

Metals · Steel · NSE · as of 2026-10-26 (delayed ~30 min in market hours)

Ashoka Metcast Limited engages in the trading of steel, goods, and other products in India. It provides thermo-mechanically treated, round, flat, mild steel, and angle bars, and steel channels. The company was incorporated in 2009 and is based in Ahmedabad, India.

₹13.75
▼ 1.08%
36Weak

Mkt Cap
₹35 Cr
P/E
2.0
P/B
0.2
Div Yield
0.00%
52W High
₹19.40
52W Low
₹12.13

Price & Volume

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Key Ratios

Market Cap (₹ cr)35.10
P/E2.00
P/B0.20
PEG0.01
ROE %8.90
ROCE %3.10
Debt / Equity0.43
EPS6.89
Revenue Growth %-25.40
Profit Growth %186.70
Dividend Yield %0.00
Promoter Holding %53.65
FII Holding %0.00
DII Holding %—
Beta0.99

“—” means the figure isn't meaningful or isn't published for this company: ROE and Debt/Equity are undefined when shareholder equity is negative (check P/B — negative means negative equity), and DII/MF holding splits aren't provided by our current data source.

Active Pattern Signals

None of the 16 pattern scanners currently detects a setup on ASHOKAMET — signals appear here automatically when one forms (checked on every data refresh). The Trade Plan on the right always provides stop-loss and target levels regardless.

AVOIDConviction 66%

Why avoid

  • • Overall evidence is weak (AlgoScore 36/100)
  • • Revenue growth: -25.4% YoY
  • • ROE: 8.9%
  • • RSI: 39
  • • MACD: bearish

Bull case

  • • Profit growth: 186.7% YoY
  • • Debt/Equity: 0.43
  • • Promoter holding: 53.6%
  • • Volume: 1.9x 20-day average

Bear case

  • • Revenue growth: -25.4% YoY
  • • ROE: 8.9%
  • • RSI: 39
  • • MACD: bearish

Key risks

  • • Momentum is fading versus the broader market
  • • Revenue growth: -25.4% YoY
  • • ROE: 8.9%

Algorithmic analysis for research only — not SEBI-registered investment advice.

Trade Plan

Entry (CMP)
₹13.75
Stop Loss
₹13.45
risk 2.2%
Target 1 (1.5R)
₹14.19
+3.2%
Target 2 (3R)
₹14.64
+6.5%
Support (20d)
₹13.59
Resistance (52w)
₹19.40
Risk : Reward
1 : 1.5 → 1 : 3
risking ₹0.30/share
ATR (volatility)
₹1.01
avg daily range

Stop = 20-day support with a 2.5×ATR risk cap (ATR ₹1.01). Levels recompute on every data refresh. Position sizing and execution are yours — this is analysis, not advice.

Score Breakdown

Fundamental57
Technical27
Momentum15
Risk (safety)47

Peers — Metals

IGIL▲ 1.09%
81
KRISHANA▲ 2.70%
72
GFSTEELS▼ 1.98%
72
SHYAMMETL▼ 0.45%
70
JSWSTEEL▲ 6.28%
70
SAMBHV▲ 0.36%
67