Ashoka Metcast Limited (ASHOKAMET) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Ashoka Metcast Limited ₹14.11, price ₹14.53, upside -2.9%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
39‑month range ₹12.23 – ₹34.50 · fair‑value band ₹14.11 – ₹15.72 · the ₹14.53 price screens above the ₹14.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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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.
Stock analysis
Ashoka Metcast Limited (ASHOKAMET) currently trades at ₹14.53, while our model-based Fair Value estimate is ₹14.11, so the stock looks roughly fairly valued today (gap 3.0%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹84.65 per share, and 11 of the 13 models we run sit above the ₹14.53 price.
Bear case: the Multiples group reads lowest at ₹15.10, and 2 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹14.11 (bear) to ₹15.72 (bull), the price of ₹14.53 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Ashoka Metcast Limited reported revenue of ₹277M in FY2026 versus ₹670M in FY2022, a compound −19.8%/yr. Reported net income was ₹108M in FY2026, compounding +50.8%/yr from FY2022.
Key figures
Market cap ₹363M (≈ $3.8M) · P/E ratio 2.4 · P/S ratio 0.94 · EPS (TTM) ₹6.05 · Net margin 39.0% · Return on equity 8.6% · Return on assets (EBIT) 5.8% · Operating margin 19.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at −3%, ASHOKAMET screens cheaper than that median.
Fair Value models
Bear ₹14.11Fair Value ₹14.11Bull ₹15.72
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹3.05 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+111.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +14.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.98.6% vs 92.3%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 20%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 2.1%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2026 sits 125% above its own trend.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 406 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−2.9% · Above median
Profitability
Return on equity (TTM)8.6% · Above median
Return on assets2.0% · Below median
Net margin (TTM)39.0% · Top 25%
Operating margin (TTM)19.5% · Top 25%
Growth and dividend
Revenue growth23.6% · Top 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
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Is Ashoka Metcast Limited (ASHOKAMET) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹14.11 versus a price of ₹14.53, about −3% upside (fairly valued).
What is the fair value of ASHOKAMET?
Our model-based fair value for Ashoka Metcast Limited is ₹14.11 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹14.53.
What is the quality score of ASHOKAMET?
Ashoka Metcast Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ashoka Metcast Limited (ASHOKAMET)?
Our model-based price target is the fair value of ₹14.11 (as of Sep 27, 2026) from 13 valuation models. Cautious scenario ₹14.11, optimistic scenario ₹15.72. It is a calculation from audited fundamentals, not an analyst target.
What is the Ashoka Metcast Limited stock forecast for 2026?
Our models put fair value at ₹14.11, about −3% upside versus a price of ₹14.53 (fairly valued). Cautious scenario ₹14.11, optimistic scenario ₹15.72. The calculation is refreshed regularly with new filings.
What is the revenue of Ashoka Metcast Limited (ASHOKAMET)?
Ashoka Metcast Limited reported trailing-twelve-month revenue of about ₹277M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Ashoka Metcast Limited (ASHOKAMET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ashoka Metcast Limited it is ₹14.11 per share (as of Sep 27, 2026), against a price of ₹14.53. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Ashoka Metcast Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ASHOKAMET trades above its calculated fair value: price ₹14.53, fair value ₹14.11, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ASHOKAMET?
No. The price is what the market pays today (₹14.53); the fair value is what the company's own numbers justify (₹14.11). For Ashoka Metcast Limited the two are ₹0.4210 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ashoka Metcast Limited worth?
The market values Ashoka Metcast Limited at about ₹363M (market capitalisation, as of Sep 27, 2026). Per share that is ₹14.53; our models calculate a fair value of ₹14.11 per share.
What do the bullish and bearish scenarios say about ASHOKAMET?
Our models span a range for Ashoka Metcast Limited: cautious scenario ₹14.11, base ₹14.11, optimistic ₹15.72 per share (as of Sep 27, 2026, price ₹14.53). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASHOKAMET?
Ashoka Metcast Limited trades at a price-to-earnings ratio of 2.4 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹14.11 is built from several models across several years. Other multiples: P/B 0.3, P/S 1.3, EV/EBITDA 12.4.
How solid is the balance sheet of Ashoka Metcast Limited (ASHOKAMET)?
Balance-sheet figures for Ashoka Metcast Limited (as of Sep 27, 2026): return on equity 8.6%, debt of 0.35 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is ASHOKAMET from its 52-week high?
Ashoka Metcast Limited trades at ₹14.53, about 16% below its 52-week high of ₹17.20 and 19% above the low of ₹12.23 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹14.11 is for.
Which stocks are comparable to Ashoka Metcast Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ashoka Metcast Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹14.53, calculated fair value ₹14.11 (−3%), Quality Score 42/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ASHOKAMET calculated?
We run Ashoka Metcast Limited through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹14.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Ashoka Metcast Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ashoka Metcast Limited (ASHOKAMET)?
The closing price on Oct 1, 2026 was ₹14.53. Our model-based fair value is ₹14.11, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ashoka Metcast Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (₹14.11 to ₹15.72), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Ashoka Metcast Limited
How large is the market capitalisation of Ashoka Metcast Limited (ASHOKAMET)?
The market capitalisation of Ashoka Metcast Limited is ₹363M (≈ $3.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ashoka Metcast Limited (ASHOKAMET)?
The price-to-sales ratio of Ashoka Metcast Limited is 0.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ashoka Metcast Limited (ASHOKAMET)?
Earnings per share at Ashoka Metcast Limited are ₹6.05 (price ÷ EPS = P/E 2.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ashoka Metcast Limited (ASHOKAMET)?
The net margin of Ashoka Metcast Limited is 39.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ashoka Metcast Limited (ASHOKAMET)?
The return on equity (ROE) of Ashoka Metcast Limited is 8.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ashoka Metcast Limited (ASHOKAMET)?
On an EBIT basis the return on assets of Ashoka Metcast Limited is 5.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ashoka Metcast Limited (ASHOKAMET)?
The operating margin of Ashoka Metcast Limited is 19.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ashoka Metcast Limited (ASHOKAMET)?
Revenue at Ashoka Metcast Limited is growing +23.6% versus a year earlier (3y avg −18.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ashoka Metcast Limited (ASHOKAMET)?
Earnings per share at Ashoka Metcast Limited are growing +150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ashoka Metcast Limited (ASHOKAMET) generate?
The free cash flow of Ashoka Metcast Limited is −₹216M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ashoka Metcast Limited (ASHOKAMET) carry?
The net debt of Ashoka Metcast Limited is ₹559M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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