Aanchal Ispat Ltd

Aanchal Ispat Ltd

₹ 7.90 -0.63%
28 Feb - close price
About

Incorporated in 1996, Aanchal Ispat Ltd deals in manufacturing of TMT Bars, MS Rounds & Angles and Trading of Steel Products

Key Points

Business Overview:[1] Company's products are categorized as Re-bars in Steel Industry, under the brand name RELICON. These products are used in Infrastructure and Construction Industry

  • Market Cap 16.5 Cr.
  • Current Price 7.90
  • High / Low 19.0 / 7.36
  • Stock P/E
  • Book Value 8.50
  • Dividend Yield 0.00 %
  • ROCE -20.1 %
  • ROE -67.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.93 times its book value
  • Debtor days have improved from 163 to 103 days.
  • Company's working capital requirements have reduced from 208 days to 132 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.8% over past five years.
  • Promoter holding is low: 32.1%
  • Company has a low return on equity of -24.6% over last 3 years.
  • Contingent liabilities of Rs.11.0 Cr.
  • Promoter holding has decreased over last 3 years: -33.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
36.52 40.21 32.06 36.02 56.33 45.64 45.16 52.68 40.56 55.67 44.71 9.02 8.35
37.21 42.20 33.90 37.50 56.94 44.80 45.84 52.92 41.03 77.14 44.30 10.31 10.25
Operating Profit -0.69 -1.99 -1.84 -1.48 -0.61 0.84 -0.68 -0.24 -0.47 -21.47 0.41 -1.29 -1.90
OPM % -1.89% -4.95% -5.74% -4.11% -1.08% 1.84% -1.51% -0.46% -1.16% -38.57% 0.92% -14.30% -22.75%
1.27 1.68 1.94 1.99 1.51 0.06 0.00 0.48 0.13 0.07 0.01 0.02 0.01
Interest 1.58 1.76 1.63 1.68 1.70 1.55 1.78 1.86 1.97 2.04 2.13 2.11 0.00
Depreciation 0.21 -0.02 0.15 0.16 0.16 0.15 0.16 0.16 0.16 0.16 0.16 0.16 0.16
Profit before tax -1.21 -2.05 -1.68 -1.33 -0.96 -0.80 -2.62 -1.78 -2.47 -23.60 -1.87 -3.54 -2.05
Tax % 0.00% 47.80% 0.00% 0.00% 0.00% 153.75% 0.00% 0.00% 0.00% 29.75% 0.00% 0.00% 0.00%
-1.21 -1.07 -1.68 -1.32 -0.96 0.43 -2.62 -1.78 -2.47 -16.59 -1.86 -3.54 -2.05
EPS in Rs -0.58 -0.51 -0.81 -0.63 -0.46 0.21 -1.26 -0.85 -1.18 -7.96 -0.89 -1.70 -0.98
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
154 144 190 191 227 279 384 353 170 121 170 194 118
150 140 185 186 221 273 377 343 174 123 173 217 142
Operating Profit 4 4 5 5 6 6 7 10 -4 -2 -3 -23 -24
OPM % 3% 3% 3% 3% 3% 2% 2% 3% -2% -2% -2% -12% -21%
0 0 0 0 1 1 1 1 2 3 4 1 0
Interest 3 3 4 4 5 5 5 6 5 7 7 8 6
Depreciation 0 0 0 1 1 0 1 1 1 1 1 1 1
Profit before tax 1 1 1 1 1 2 2 4 -8 -6 -6 -30 -31
Tax % 35% 32% 36% 41% 31% 39% 40% 35% 0% 15% 21% 23%
0 1 1 0 1 1 1 3 -8 -5 -5 -23 -24
EPS in Rs 1.16 1.35 1.80 0.19 0.48 0.59 0.64 1.34 -3.98 -2.58 -2.23 -11.25 -11.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: -13%
3 Years: 5%
TTM: -36%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -273%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 5%
1 Year: -30%
Return on Equity
10 Years: -7%
5 Years: -15%
3 Years: -25%
Last Year: -68%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 21 21 21 21 21 21 21 21 21 21
Reserves 17 18 19 18 19 40 41 44 35 30 26 2 -3
21 26 28 24 27 39 40 45 62 71 78 81 85
23 24 20 28 35 34 52 35 11 11 10 7 7
Total Liabilities 65 73 71 91 103 134 154 145 129 132 134 111 109
7 6 6 6 7 26 27 27 26 26 26 25 25
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
58 66 65 85 96 108 127 118 102 106 108 85 84
Total Assets 65 73 71 91 103 134 154 145 129 132 134 111 109

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-13 -0 -1 -6 5 -5 5 3 -17 -5 2 2
-0 0 0 -2 0 0 -1 -0 -1 -0 -1 -0
13 3 -2 8 -1 7 -4 -0 11 2 1 -5
Net Cash Flow 0 3 -2 -0 4 2 0 2 -6 -2 1 -3

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 96 67 103 79 77 74 70 167 222 165 103
Inventory Days 78 54 53 53 66 49 39 35 34 68 38 32
Days Payable 37 49 31 48 51 40 43 33 16 12 11 2
Cash Conversion Cycle 89 101 89 108 94 86 69 71 184 278 193 133
Working Capital Days 77 93 84 103 89 88 64 77 192 288 203 132
ROCE % 11% 9% 10% 8% 10% 8% 7% 10% -3% 0% 1% -20%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.14% 65.14% 65.14% 50.27% 50.27% 47.88% 45.48% 45.48% 45.48% 45.48% 32.21% 32.09%
0.00% 0.00% 0.00% 0.00% 0.48% 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.86% 34.86% 34.86% 49.73% 49.25% 51.73% 54.52% 54.51% 54.52% 54.52% 67.79% 67.91%
No. of Shareholders 2,1662,3082,3054,3474,4754,5094,5314,3164,3934,3966,5176,478

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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