Today's Call

Introduction:

Ashoka Metcast Ltd is a part of a diversified business group having interests in several sectors, which include: Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. 

Its flagship Group Company - Gujarat Natural Resources Ltd is engaged in the business of Oil & Gas exploration and production. The company is listed in the BSE.

Buy the shares of Ashoka Metcast Ltd near Rs.20.40/Rs.20.50, for short term targets of Rs.32/37.

Financials:

Market Cap: Rs.50 Cr.

EPS: Rs.2.

TTM P/E: 10.10.

Industry P/E: 44.24.

Book value: Rs.41.83.

Ashoka Metcast Ltd's March, 2024 quarter's Financial Performance: 

Ashoka Metcast's net profit increased by 185.60% to Rs.3.57 crore in the quarter ending March 2024, compared to Rs.1.25 crore in the same quarter of the previous year. During the same period, sales went up by 104.62% to Rs 39.39 crore, from Rs.19.25 crore the previous year.

For the full year ending March 2024, the net profit grew by 48.76% to Rs.4.79 crore, up from Rs.3.22 crore the previous year. Annual sales also rose by 31.34% to Rs.66.25 crore, compared to Rs.50.44 crore in the previous year. 

From Simply Wall:

Ashoka Metcast had ₹127.9m of debt at March 2024, down from ₹157.5m a year prior. However, because it has a cash reserve of ₹15.1m, its net debt is less, at about ₹112.8m.

The latest balance sheet data shows that Ashoka Metcast had liabilities of ₹206.1m due within a year, and liabilities of ₹60.2m falling due after that. On the other hand, it had cash of ₹15.1m and ₹262.8m worth of receivables due within a year. So it actually has ₹11.6m more liquid assets than total liabilities.

This surplus suggests that Ashoka Metcast has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Photo: Markets Guruji.

Special Offer: If you have a portfolio size of Rs.1 (one) lakh and want to earn a steady income through a steady mix of delivery based (>= 80%) and options trading (<= 20%), then you can go for my profit sharing (70:30 below Rs.10 lakhs -- fixed) arrangement. If you remember, earlier the minimum portfolio size to join me was Rs.2 (two) lakhs.

Procedure:

💢You have to compulsorily open a demat account in my associated Brokerage House.

💢 Provide me, User Name and Password to trade (buy and sell) in your account.

💢The profit and loss will be adjusted every week and settled. If there's any loss, it will be adjusted in the future trade.

💢No stock will be bought in Figures Market, except sometimes a little risk will be taken in the Options Trading with less than 20% of the total portfolio amount (occassionally) to speed up the process and at the same time lower the risk of the money invested. 

💢No margin trading will be done in the account, to maintain a limited risk profile of the portfolio.

💢No other demat account, except those from my associated Brokerage House, will qualify for this offer.

💢This offer is valid till Kali Pooja (Deepawali/Sambat).

💢For more details, please send me a mail at: suman2005s@rediffmail.com or sumanm2007s@gmail.com.