The DISCS method had been developed for penetration analysis of an axisymmetric projectile with a slender nose into a semi-infinite medium. Recently, the authors developed an approximate approach to assess perforation of concrete slabs of finite thickness, using the DISCS method. The present paper extends the approximate model to the perforation analysis of ductile metallic thin plates and determines the key parameters of the projectile residual velocity, the target perforation limit, and the ballistic limit. The present investigation focuses on thin metallic plates, the thickness of which is considerably smaller than that of the concrete slabs and smaller in comparison to the projectile nose length. The method is rather simple, easy to implement and provides a fast solution. An idealized target is characterized by a set of discs of small thickness responding in the plate plane, disregarding the local damage around the penetration ductile hole. The in-plane response of the discs during penetration and perforation of an idealized target are calculated. The Residual Velocity upon perforation of the Idealized Target (RVIT) is lower than the residual velocity of the real plate since it disregards the local damage, hence, the RVIT is the lower bound of the true residual velocity of the real perforated thin plate. Therefore, a positive RVIT for the thin plate with a given thickness indicates right away that the real target will be perforated. Using the RVIT parameter, the proposed DISCS method turns into a series of RVIT-perforation problems of plates with thicknesses that are smaller than the real thickness, to determine the decreasing RVIT with increasing thickness, until the full thickness is considered. The analysis is carried out using the modified (hybrid) DISCS method, that aims at analyzing penetration depth into a thick target. The analysis is based on the theoretical field equations and the constitutive equations of the plate material. The proposed method is based on a theoretical model and on engineering insight. Neither empirical constants nor any calibrations are required. Validation of the proposed method is carried out thorough comparisons with numerous test data on ductile aluminum and steel plates of different thicknesses that are struck by rigid projectiles at different impact velocities. All the comparisons demonstrate very good correspondence between the proposed method predictions and the test data.