Ashoka MetcastNSE:ASHOKAMET -1.33%76 Quick Ratio is 2.55 as of Mar. 2026, which is 10% below its 10-year median of 2.84. GuruFocus rates NSE:ASHOKAMET with a GF Score™ of 76/100 and a GF Value™ of ₹16.19 (Fairly Valued). The stock has 4 warning signs investors should review. Among 635 Steel companies, Ashoka Metcast ranks better than 80.47% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Ashoka Metcast's quick ratio for the quarter that ended in Mar. 2026 was 2.55.
Ashoka Metcast has a quick ratio of 2.55. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ashoka Metcast's Quick Ratio or its related term are showing as below:
NSE:ASHOKAMET'
s Quick Ratio Range Over the Past 10 Years
Min: 1.02 Med: 2.84 Max: 125.45
Current: 2.55
During the past 13 years, Ashoka Metcast's highest Quick Ratio was 125.45. The lowest was 1.02. And the median was 2.84.
NSE:ASHOKAMET's Quick Ratio is ranked better than 80.47% of 635
companies
in the Steel industry
Industry Median: 1.02
vs NSE:ASHOKAMET: 2.55
Ashoka Metcast (NSE:ASHOKAMET) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Ashoka Metcast Quick Ratio Related Terms
Ashoka Metcast Quick Ratio Historical Data
* Premium members only.
The historical data trend for Ashoka Metcast's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ASHOKAMET vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Ashoka Metcast's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ashoka Metcast Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Ashoka Metcast's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ashoka Metcast's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Ashoka Metcast's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ashoka Metcast (NSE:ASHOKAMET) has a Quick Ratio of 2.55 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ashoka Metcast and its competitors. This is 10% below median its historical median of 2.84. Over the past decade, Ashoka Metcast's Quick Ratio has ranged from 1.02 to 125.45. According to the industry distribution chart, Ashoka Metcast ranks #124 out of 635 companies in the Steel industry, placing it in the top 19.5%.
Is Ashoka Metcast's Quick Ratio too high?
Ashoka Metcast's current Quick Ratio of 2.55 is 10% below median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 125.45. The Steel industry median Quick Ratio is 1.02. Ashoka Metcast's value of 2.55 is 150% above this industry median. Based on the distribution chart, Ashoka Metcast ranks #124 out of 635 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ashoka Metcast has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Metcast's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Ashoka Metcast ranks #124 out of 635 companies for Quick Ratio. This places Ashoka Metcast in the top 20% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.02. Ashoka Metcast's value of 2.55 is 150% above this benchmark. Historically, Ashoka Metcast's own Quick Ratio has ranged from 1.02 to 125.45 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.02, Ashoka Metcast has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashoka Metcast's current Quick Ratio of 2.55 is 150% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ashoka Metcast and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Metcast's current Quick Ratio is 2.55, which is 10% below median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Metcast stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.19, compared to a current price of ₹14.85 — trading 8.3% below its estimated fair value. The current Quick Ratio is 2.55, which is 10% below median its 10-year median of 2.84 and 150% above the Steel industry median of 1.02. Ashoka Metcast's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Ashoka Metcast (NSE:ASHOKAMET), the current Quick Ratio is 2.55 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Metcast stock appears to be undervalued.
The current stock price of ₹14.85 is trading 8.3% below its estimated GF Value™ of ₹16.19.
GuruFocus considers Ashoka Metcast to be Fairly Valued.
Key valuation signals for NSE:ASHOKAMET:
Quick Ratio: 2.55 (10% below median its 10-year median of 2.84)
GF Value™: ₹16.19 vs. price of ₹14.85 (8.3% below fair value)
Industry Position: 150% above the Steel median (#124 of 635)
No single metric tells the full story. See the NSE:ASHOKAMET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.
76GF Score
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