Trades metals, primarily steel, through the parent and its subsidiary Rhetan TMT Limited. FY26 consolidated revenue was Rs 27.70 crore and net profit was Rs 10.80 crore. Steel trading contributed Rs 27.17 crore of consolidated revenue, with trading of goods contributing Rs 0.54 crore. The latest segment report shows steel trading at 83.6% of segment revenue and trading of goods at 16.4%, with no revenue but Rs 1.10 crore of EBIT from 'Others'. Operations are asset-light: capex was 0.0% of revenue and depreciation 3.0% of revenue. Materials are the largest cost at 76.3% of revenue, with employee cost at 4.5% and other operating expenses at 14.2%. Long-term borrowings rose to Rs 4,294 lakhs from Rs 748 lakhs in FY26, and operating cash flow was negative Rs 1,718 lakhs. The registered office is in Ahmedabad, and the company is listed on NSE and BSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Steel Trading (84%), Trading of Goods (16%), Others (0%). Asset-light metals trading company with no manufacturing footprint
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 67 | 50 | 66 | 39 | 28 |
| EBITDA (ex other income) | — | — | 7 | 4 | 6 |
| margin % | — | — | 10.6 | 9.6 | 23.4 |
| Owners' profit | — | — | 0 | 0 | 0 |
| EPS, as reported (₹) | 1.95 | 1.29 | 1.92 | 2.94 | 6.05 |
| ROE % · ROCE % | — · 7.6 | — · 4.3 | 4.3 · 7.0 | 6.2 · 7.5 | 8.1 · 8.6 |
| Debt / equity (x) | — | — | 0.14 | 0.13 | 0.43 |
| Cash from operations | (15) | (47) | 16 | (6) | (17) |
| Capex | — | — | (9) | (2) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 7 | 6 | 5 | 5 | 7 | 10 | 4 |
| Profit before tax | 4 | 2 | 0 | 1 | 3 | 5 | 4 | 3 |
| Net profit | 3 | 2 | 1 | 1 | 3 | 4 | 2 | 3 |
| EPS (₹) | 1.39 | 0.72 | 0.22 | 0.45 | 1.18 | 1.80 | 2.62 | 1.29 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Steel Trading | 27 | 98.1 |
| Trading of Goods | 1 | 1.9 |
| Total, before eliminations | 28 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LLOYDS ENTERPRISES LTD | 10,671 | 34.8 | 1.96 | 20.5 | 7.7 | 7.5 | 365.3 | 23.2 |
| SG MART LIMITED | 9,460 | 76.1 | 5.93 | 44.6 | 7.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Aug 2026 · Ashoka Metcast sends Annual Report FY26 web link letters to shareholders | compliance | minimal | — | — |
| 26 Aug 2026 · Notice of 17th AGM on 17 Sep 2026 via video conferencing | compliance | minimal | — | — |
| 26 Aug 2026 · Annual Report FY26 with AGM notice and key resolutions | results | medium | — | — |
| 26 Aug 2026 · 17th AGM on Sep 17, 2026; key items include loan-to-equity conversion and related party deals | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Book closure for 17th AGM, record date 10 Sept 2026 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Ashoka Metcast shifts registered office to Ambli, Ahmedabad | general | low | — | — |
| 12 Aug 2026 · Ashoka Metcast appoints Chandrakant Chauhan as new CFO | management changes | high | — | — |
| 12 Aug 2026 · Ashoka Metcast appoints Jhanvi Sethi as Additional Independent Director | management changes | medium | — | — |
| 12 Aug 2026 · Q1 FY27 results: standalone revenue up 65%, profit drops; promoter loan to equity | results | high | — | — |
| 12 Aug 2026 · Board clears Q1 results, new CFO and 50 Cr promoter loan to equity | management changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 8.7 |
| — |
| 5.2 |
| NUPUR RECYCLERS LIMITED | 925 | 54.0 | 6.29 | 34.3 | 11.2 | 12.4 | — | 16.2 |
| BMW VENTURES LIMITED | 472 | 11.1 | 1.07 | — | 8.5 | 11.1 | — | 3.6 |
| EMERGENT INDUSTRIAL SOLUTIONS | 183 | 80.7 | 6.30 | 53.5 | 4.4 | 5.8 | (3.4) | 1.8 |
| La Tim Metal & Industries Limi | 143 | 17.8 | 1.82 | 9.0 | 10.4 | 11.7 | (0.3) | 4.9 |
| BONLON INDUSTRIES LIMITED | 66 | 8.1 | 0.66 | 12.7 | 2.6 | 3.0 | 32.7 | 2.6 |
| ASHOKA METCAST LIMITED ◆ | 43 | 2.5 | 0.32 | 6.2 | 8.1 | 7.8 | (12.6) | 95.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2.5 | 17.8 | 1 of 9 | 100% |
| P/B | 0.3 | 1.9 | 1 of 10 | 100% |
| ROCE | 7.8 | 7.7 | 5 of 10 | 56% |
| ROE | 8.1 | 7.3 | 4 of 10 | 67% |
| Debt / Equity | 0.4 | 0.3 | 7 of 10 | 33% |
| EBITDA margin | 95.6 | 4.7 | 1 of 10 | 100% |
| Revenue growth | (25.4) | 20.0 | 7 of 10 | 33% |
| Profit growth | 187.2 | 61.8 | 2 of 10 | 89% |
| Market cap | 43 | 163 | 8 of 10 | 22% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
