---
title: "Metkore Alloys & Industries Ltd (METKORE) — Share Price, Financials & Analysis"
symbol: "METKORE"
company: "Metkore Alloys & Industries Ltd"
canonical: "https://tapetide.com/stocks/METKORE"
isin: "INE592I01029"
nse_symbol: "METKORE"
bse_code: "532990"
sector: "Commodities"
industry: "Ferrous Metals"
generated_at: "2026-09-13T18:36:58.868Z"
---

# Metkore Alloys & Industries Ltd (METKORE)

Canonical page: https://tapetide.com/stocks/METKORE

## Company

- **NSE Symbol:** METKORE
- **BSE Code:** 532990
- **ISIN:** INE592I01029
- **Sector:** Commodities
- **Industry:** Ferrous Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2008-06-30
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** metkore.com

## About

Metkore Alloys & Industries is engaged in manufacturing and trading of metal alloys. The Company offers high carbon ferro chrome alloys, and stainless steel hot rolled coils and bars.

## Latest Price

- **Price:** ₹0.65
- **Change:** -0.05 (-7.14%)
- **Open:** ₹0.65
- **Day High:** ₹0.65
- **Day Low:** ₹0.6
- **Previous Close:** ₹0.7
- **Volume:** 0

## Key Insights

### Strengths

- Stock is trading at 1.13 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -48.4% over past five years.
- Company has a low return on equity of -28.1% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 1,977 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 46% | — | — |
| revenue growth | -96% | -69% | -48% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.07 | 0.24 | 0.5 | 1.57 | 3.75 | 4.46 | 5.61 | 1.86 | 0.36 | 0.21 | 0 | 0 |
| Expenses | 3.82 | 3.1 | 15.02 | 2.95 | 6.93 | 6.31 | 9.79 | 8.68 | 6.26 | 1.1 | 0.37 | 0.46 |
| Operating Profit | -2.75 | -2.86 | -14.52 | -1.38 | -3.18 | -1.85 | -4.18 | -6.82 | -5.9 | -0.89 | -0.37 | -0.46 |
| OPM % | -257.01 | -1191.67 | -2904 | -87.9 | -84.8 | -41.48 | -74.51 | -366.67 | -1638.89 | -423.81 | — | — |
| Other Income | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 |
| Interest | 0.02 | 0.13 | 0.04 | 0.13 | 0.05 | -0.19 | 0.01 | 0.03 | 0.01 | -0.02 | 0.07 | 0.08 |
| Depreciation | 0.29 | 0.29 | 0.25 | 0.26 | 0.26 | 0.25 | 0.25 | 0.26 | 0.26 | 0.6 | 0.33 | 0.33 |
| Profit before tax | -3.06 | -3.28 | -14.81 | -1.76 | -3.49 | -1.91 | -4.44 | -7.11 | -6.14 | -1.47 | -0.77 | -0.87 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.14 | 0 | 0 | 0 |
| Net Profit | -3.07 | -3.28 | -14.81 | -1.75 | -3.49 | -1.91 | -4.44 | -7.11 | -6.06 | -1.47 | -0.77 | -0.87 |
| EPS in Rs | -0.44 | -0.47 | -2.1 | -0.25 | -0.5 | -0.27 | -0.63 | -1.01 | -0.86 | -0.21 | -0.11 | -0.12 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 114.37 | 170.75 | 250.02 | 223.02 | 331.16 | 284.6 | 45.79 | 10.12 | 8.14 | 0.57 |
| Expenses | 103.37 | 145.88 | 223.93 | 202.38 | 307.11 | 272.33 | 52.26 | 31.06 | 25.93 | 8.19 |
| Operating Profit | 11 | 24.87 | 26.09 | 20.64 | 24.05 | 12.27 | -6.47 | -20.94 | -17.79 | -7.62 |
| OPM % | 9.62 | 14.57 | 10.44 | 9.25 | 7.26 | 4.31 | -14.13 | -206.92 | -218.55 | -1336.84 |
| Other Income | 0.85 | 0.38 | 0.66 | 0.11 | 0.08 | 0.36 | 0.02 | 0.02 | 0.03 | 0.03 |
| Interest | 0.4 | 2.97 | 6.35 | 6.4 | 6.95 | 7.25 | 3.66 | 0.03 | 0.03 | 0.14 |
| Depreciation | 2.29 | 2.25 | 2.61 | 2.51 | 2.55 | 2.86 | 1.23 | 1.02 | 1.37 | 1.52 |
| Profit before tax | 9.16 | 20.03 | 17.79 | 11.84 | 14.63 | 2.52 | -11.34 | -21.97 | -19.16 | -9.25 |
| Tax % | 35.26 | 33.15 | 1.41 | -0.08 | -3.28 | -33.33 | 2.65 | -0.36 | -1.15 | — |
| Net Profit | 5.93 | 13.39 | 17.54 | 11.84 | 15.11 | 3.36 | -11.63 | -21.89 | -18.93 | -9.17 |
| EPS in Rs | 0.97 | 2.18 | 2.86 | 1.68 | 2.15 | 0.48 | -1.65 | -3.11 | -2.69 | -1.3 |
| Dividend Payout % | 0 | 4.59 | 3.5 | 5.95 | 5.59 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12.29 | 12.29 | 12.29 | 14.09 | 14.09 | 14.09 | 14.09 | 14.09 | 14.09 | 14.09 |
| Reserves | 19.82 | 45.2 | 61.22 | 83.13 | 96.45 | 99.81 | 88.18 | 10.58 | -8.36 | -10.04 |
| Borrowings | 8.65 | 45.17 | 39.87 | 39.37 | 38.19 | 54.61 | 58.28 | 58.21 | 58.5 | 58.47 |
| Other Liabilities | 22.05 | 28.64 | 30.52 | 25.47 | 33.9 | 27.75 | 36.74 | 74.47 | 42.77 | 39.13 |
| Total Liabilities | 62.81 | 131.3 | 143.9 | 162.06 | 182.63 | 196.26 | 197.29 | 157.35 | 107 | 101.65 |
| Fixed Assets | 22.74 | 22.31 | 21.83 | 19.64 | 19.03 | 16.61 | 15.49 | 17.87 | 16.73 | 16.07 |
| CWIP | 0 | 3.13 | 7.14 | 9.33 | 12.61 | 11.82 | 11.82 | 0 | 0 | 0 |
| Investments | 0.02 | 0.17 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 |
| Other Assets | 40.05 | 105.69 | 114.91 | 133.07 | 150.97 | 167.81 | 169.96 | 139.46 | 90.25 | 85.58 |
| Total Assets | 62.81 | 131.3 | 143.9 | 162.06 | 182.63 | 196.26 | 197.29 | 157.35 | 107 | 101.65 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11.37 | 19.8 | -33.98 | 0 | 11.01 | 11.78 | -11.75 | 0.31 | -7.03 | -0.08 |
| Cash from Investing Activity | -0.05 | -2.29 | -14.6 | 0 | -15.17 | -2.46 | 0.35 | -0.11 | 7.35 | -0.22 |
| Cash from Financing Activity | -11.03 | -13.64 | 45.43 | 0 | 4.97 | -9.54 | 9.26 | 0.01 | -0.11 | 0.26 |
| Net Cash Flow | 0.29 | 3.87 | -3.15 | 0 | 0.81 | -0.22 | -2.14 | 0.22 | 0.2 | -0.04 |
| Free Cash Flow | 11.32 | 17.52 | -48.43 | 0 | -4.16 | 9.32 | -11.4 | 0.2 | -7.03 | -0.08 |
| CFO/OP | -779 | 180 | -124 | 0 | 53 | 49 | -96 | -5 | 34 | -3 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 16.32 | 16.98 | 55.62 | 48.67 | 62.09 | 38.93 | 60.93 | 394.81 | 1572.53 | 1976.56 |
| Inventory Days | 154.16 | 94.06 | 131.18 | 68.4 | 49.62 | 90.94 | 106.43 | 543.08 | 4495.56 | 322.78 |
| Days Payable | 12.23 | 30.55 | 28.3 | 16.74 | 13.97 | 19.31 | 18.26 | 155.49 | 1280.32 | 407.01 |
| Cash Conversion Cycle | 158.25 | 80.49 | 158.51 | 100.33 | 97.75 | 110.55 | 149.1 | 782.41 | 4787.77 | 1892.33 |
| Working Capital Days | 109.35 | 57.48 | 37.28 | 55.93 | 78.56 | 67.6 | 88.53 | 466.55 | 1419.97 | -478.89 |
| ROCE % | -5.57 | 21.14 | 32.07 | 22.35 | 14.59 | 15.13 | 6.16 | -4.67 | -18.03 | -26.01 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Dec 2018 |
| --- | --- | --- | --- |
| Promoters | 61.02% | 57.22% | 57.22% |
| FIIs | 0.01% | 0.01% | 0.18% |
| DIIs | 1.69% | 1.69% | 1.69% |
| Public | 37.28% | 41.08% | 40.91% |
| No. of Shareholders | 16213 | 16750 | 16630 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.02% | 61.02% | 61.02% | 61.02% | 61.02% | 57.22% | 57.22% | 57.22% | 57.22% | 57.22% | 57.22% |
| FIIs | 0% | 0% | 0% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.18% | 0.18% |
| DIIs | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
| Public | 37.29% | 37.29% | 37.29% | 37.28% | 37.28% | 41.08% | 41.08% | 41.08% | 41.08% | 40.91% | 40.91% |
| No. of Shareholders | 16170 | 16072 | 16142 | 16213 | 16054 | 16562 | 16524 | 16750 | 16695 | 16701 | 16630 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 27.99 | Sell |
| EMA (10) | 28.23 | Sell |
| SMA (20) | 27.93 | Buy |
| EMA (20) | 28.28 | Sell |
| SMA (50) | 29.37 | Sell |
| EMA (50) | 29.65 | Sell |
| SMA (100) | 32.65 | Sell |
| EMA (100) | 32.04 | Sell |
| SMA (200) | 36.03 | Sell |
| EMA (200) | 34.65 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.57 | Neutral |
| MACD (12,26,9) | -0.29 | Buy |
| Stochastic (14,3,3) | 56.67 | Neutral |
| ADX (14) | 21.04 | Neutral |
| Williams %R (14) | -55 | Neutral |
| ATR (14) | 2.23 | High Volatility |
| ROC (12) | 6.35 | Buy |
| Stoch RSI (14) | 59.16 | Neutral |
| UO (7,14,28) | 51.44 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2021-02-08 | [Liquidation order copy](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91A89347-5C61-4961-8CE9-048218D75A66-133919.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Feb 2021 - Liquidation has been initiated in respect of Metkore Alloys & Industries Ltd, under section 33 of Insolvency and Bankruptcy code 2016, by an order of … | [Liquidation order copy 8 Feb 2021 - Liquidation has been initiated in respect of Metkore Alloys & Industries Ltd, under section 33 of Insolvency and Bankruptcy code 2016, by an order of …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91A89347-5C61-4961-8CE9-048218D75A66-133919.pdf) |
| 24 Dec 2018 - Pursuant to Regulation 30 of SEBI (Listing Obligation Disclosure Requirement) Regulations, 2015, enclosed herewith Orders passed by National Company Law Tribunal, Hyderabad Bench on 12.12.2018 … | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 24 Dec 2018 - Pursuant to Regulation 30 of SEBI (Listing Obligation Disclosure Requirement) Regulations, 2015, enclosed herewith Orders passed by National Company Law Tribunal, Hyderabad Bench on 12.12.2018 …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d0582f7-4a65-4c3f-aca3-4f2fbfa8111f.pdf) |
| 24 Dec 2018 - Listing Obligation Disclosure Requirement) Regulations, 2015, enclosed herewith Orders passed by National Company Law Tribunal, Hyderabad Bench on 12.12.2018 under Section 7 of the Insolvency … | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 24 Dec 2018 - Listing Obligation Disclosure Requirement) Regulations, 2015, enclosed herewith Orders passed by National Company Law Tribunal, Hyderabad Bench on 12.12.2018 under Section 7 of the Insolvency …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/12/3d0582f7-4a65-4c3f-aca3-4f2fbfa8111f.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 15 Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14ef5fc2-c0b4-4903-91d0-14a3a8562d25.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 15 Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/14ef5fc2-c0b4-4903-91d0-14a3a8562d25.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/532990/5329900310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:58.868Z.