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Ashoka Metcast Ltd Share Price Target 2024, 2025, 2026 to 2039 With Charts
Ashoka Metcast Ltd | |||
 | Symbol: ASHOKAMET | ||
| Price: ₹22.9 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Ashoka Metcast Ltd Brief Company Overview
- 1.1: Ashoka Metcast Limited: A Reputable Metals Trading Company
- 1.2: Ashoka Metcast Ltd Financial Performance
- 1.2.1: Is Ashoka Metcast Ltd A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Ashoka Metcast Ltd Share Price Target For 2024
- 2.1.1: Ashoka Metcast Ltd Share Price Target Table For 2024
- 2.1.2: Summary: Ashoka Metcast Ltd Share Price Prediction For 2024
- 2.2: Ashoka Metcast Ltd Share Price Target For 2025
- 2.2.1: Ashoka Metcast Ltd Share Price Target Table For 2025
- 2.2.2: Summary: Ashoka Metcast Ltd Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Ashoka Metcast Ltd Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Ashoka Metcast Ltd Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Ashoka Metcast Ltd Past Performance
Ashoka Metcast Ltd Brief Company Overview
Ashoka Metcast Limited: A Reputable Metals Trading Company
Established in 2009 and headquartered in Ahmedabad, India, Ashoka Metcast Limited has carved a niche for itself in the steel trading industry. The company primarily operates in Gujarat, offering a diverse range of steel products such as TMT bars, angles, MS bars, and channels.
Over the years, Ashoka Metcast Limited has built a strong reputation in the industry for its commitment to quality and customer satisfaction. The company's dedication to providing high-end products at competitive prices has earned it a loyal customer base.
Ashoka Metcast Limited's commitment extends beyond product offerings. The company prides itself on its personalized customer service, ensuring that every client's needs are met promptly and efficiently. With a team of experienced professionals, the company offers tailored solutions and expert advice to its customers, empowering them to make informed decisions.
Ashoka Metcast Ltd Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 63.08 Crore | Market valuation of Ashoka Metcast Ltd's shares. |
| Revenue (TTM) | 73.84 Crore | Total revenue generated by Ashoka Metcast Ltd over the past twelve months. |
| Net Income (TTM) | +8.91 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 29.06% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 12.07% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +153.6% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +904.59% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 8.81 | Company's total debt divided by total shareholder equity. |
| Total Debt | 10.24 Crore | Sum of Ashoka Metcast Ltd's current & long-term financial obligations. |
| Total Cash | 68.94 Lakh | Total amount of liquid funds available to Ashoka Metcast Ltd. |
| Beta | 1.25 | Beta is greater than 1 indicating that the Ashoka Metcast Ltd's price is more volatile than the market. |
Is Ashoka Metcast Ltd A Good Buy For Long Term?
Ashoka Metcast Ltd., a small-cap stock with a market capitalization of ₹62.98 crore, shows mixed signals. While its ₹8.91 crore net profit (12.07% margin) on ₹73.84 crore revenue (TTM) is positive, substantial year-to-date losses (-32.82%) and a high debt-to-cash ratio (₹10.24 crore debt vs ₹68.94 lakh cash) raise concerns. Although recent quarterly revenue growth is impressive (153.6% QoQ), long-term performance (0% over 3 and 5 years) needs improvement. Considering these factors, Ashoka Metcast is not a good buy for the long term. Further investigation is recommended.
To predict the Ashoka Metcast Ltd's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Ashoka Metcast Ltd Share Price Target For 2024
The line chart displays the monthly closing prices of Ashoka Metcast Ltd with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Ashoka Metcast Ltd shares in 2024, see the table below.
Ashoka Metcast Ltd Share Price Target Table For 2024
| Ashoka Metcast Ltd's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 23.45 (+2.4%) | Price Action: Oct 2023 High |
| 2024 Target 2 | 23.12 (+0.96%) | Fibonacci Extension Level 199% |
| 2024 Target 1 | 22.85 (-0.22%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 22.90 | Ashoka Metcast Ltd's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 22.78 (-0.53%) | Price Action: Chart |
| Stop Loss 2 | 22.54 (-1.58%) | Fibonacci Retracement Extended 61.8% |
| Stop Loss 3 | 22.30 (-2.63%) | Price Action: Feb 2024 Low |
Summary: Ashoka Metcast Ltd Share Price Prediction For 2024
In summary, Ashoka Metcast Ltd has declined by ₹-11.70, recording a notable -33.91% decrease from 1st January 2024 to 22 Nov 2024. Despite the setback, our analysis of Ashoka Metcast Ltd for 2024 predicts an additional rise of -0.22% to 2.4% by the end of 2024 with three potential targets T1: 22.85, T2: 23.12, T3: 23.45. Stop Loss at SL1: 22.78, SL2: 22.54, SL3: 22.30.
Ashoka Metcast Ltd has a 52-week high of ₹35.70, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹17.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Ashoka Metcast Ltd.
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Ashoka Metcast Ltd Share Price Target For 2025
The line chart displays the monthly closing prices of Ashoka Metcast Ltd with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Ashoka Metcast Ltd shares in 2025, see the table below.
Ashoka Metcast Ltd Share Price Target Table For 2025
| Ashoka Metcast Ltd's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 36.38 (+58.86%) | Price Action: Chart |
| 2025 Target 2 | 35.70 (+55.89%) | Fibonacci Extension Level 100% |
| 2025 Target 1 | 34.94 (+52.57%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 22.90 | Ashoka Metcast Ltd's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 19.95 (-12.89%) | Price Action: Jun 2023 High |
| Stop Loss 2 | 19.55 (-14.63%) | Price Action: Jul 2024 Low |
| Stop Loss 3 | 19.20 (-16.16%) | Price Action: Chart |
Summary: Ashoka Metcast Ltd Share Price Prediction For 2025
In summary, Ashoka Metcast Ltd has declined by ₹-11.70, recording a notable -33.91% decrease from 1st January 2024 to 22 Nov 2024. Despite the setback, our analysis of Ashoka Metcast Ltd for 2025 predicts an additional rise of 52.57% to 58.86% by the end of 2025 with three potential targets T1: 34.94, T2: 35.70, T3: 36.38. Stop Loss at SL1: 19.95, SL2: 19.55, SL3: 19.20.
Ashoka Metcast Ltd has a All-Time high of ₹35.70, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹17.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Ashoka Metcast Ltd, we have created a specific page for that check here: Ashoka Metcast Ltd Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Ashoka Metcast Ltd Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Ashoka Metcast Ltd share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 7.26% over the next 15 years.
For complete year by year Ashoka Metcast Ltd long term share price target from 2024, 2025 to 2039 check the below table.
Ashoka Metcast Ltd Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Ashoka Metcast Ltd Target | YoY Change % |
|---|---|---|
| 2024 | ₹22.9 | [Current Price] |
| 2024 | ₹23.15 | 1.09% |
| 2025 | ₹27.51 | 18.83% |
| 2026 | ₹28.81 | 4.72% |
| 2027 | ₹30.6 | 6.21% |
| 2028 | ₹33.86 | 10.68% |
| 2029 | ₹36.26 | 7.05% |
| 2030 | ₹41.51 | 14.47% |
| 2031 | ₹42.11 | 1.44% |
| 2032 | ₹43.53 | 3.37% |
| 2033 | ₹47.07 | 8.13% |
| 2034 | ₹49.37 | 4.88% |
| 2035 | ₹55.5 | 12.41% |
| 2036 | ₹55.41 | -0.17% |
| 2037 | ₹56.47 | 1.91% |
| 2038 | ₹60.27 | 6.72% |
| 2039 | ₹61.73 | 2.42% |
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Ashoka Metcast Ltd Past Performance
- In 2023, Ashoka Metcast Ltd opening price was ₹19.95
- As of Fri 22 Nov 2024 the price stands at ₹22.9.
- This represents a Compound Annual Growth Rate (CAGR) of 7.14%.
- In 1 year, an investment of 10,000 would have become ₹11,478.69.
As we wrap up, we hope you like our study on Ashoka Metcast Ltd share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
