Ashoka Metcast Ltd. Stock Analysis 540923.BO

Ashoka Metcast Ltd. is a holding company, which engages in the manufacturing and trading of structural steel products. The company is headquartered in Ahmedabad, Gujarat and currently employs 1 full-time employees. The company went IPO on 2018-02-05. The firm is engaged in trading and manufacturing of structural steel products like thermo-mechanically treated (TMT) bars, angles, channels, mild steel (MS) bars and others. Its segments operate in a multi-segment of trading of steel and chemical activities. TMT bars are used in building homes, multistoried high rise, bridges, flyovers and other civil engineering structures. MS bars are used for tensile stress of reinforced cement, concrete slab beams and others. Its steel channels are used as supports and guide rails and offer various channel categories, including J channels, Hat channels, U channels, and hemmed channels. The steel angles are used in construction, appliances, transportation, making signposts, used in wood flooring for athletic purposes, installing and making windows and doors. Angle bars are steel bars that are used as support for corners and outer rims. Its subsidiary is Rhetan TMT Limited.