Ankit Metal & Power Ltd

Ankit Met.Power Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ankit Metal & Power Ltd

₹ 4.30 -3.37%
24 Apr - close price
ankitmetal.com BSE: 532870 NSE : ANKITMETAL
About

Ankit Metal & Power Limited, incorporated in 2002, is engaged in manufacturing of Iron Ore Pellets, Sponge Iron, MS Billets, Re- Rolled products with a Captive Power Plant (CPP).[1]

Key Points

Market Presence
The company is one of the significant manufacturers of iron and steel in Eastern India.[1] Its TMT Bars are well accepted in the state of West Bengal.[2]

Website BSE NSE
  • Market Cap ₹ 61.1 Cr.
  • Current Price ₹ 4.30
  • High / Low ₹ 6.11 / 2.30
  • Stock P/E
  • Book Value ₹ -73.2
  • Dividend Yield 0.00 %
  • ROCE -34.2 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.934 Cr.
  • Promoters have pledged 100% of their holding.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
66 209 141 212 149 239 207 187 197 262 203 206 147
74 206 182 211 145 224 212 190 231 285 248 300 213
Operating Profit -8 3 -41 1 5 14 -4 -3 -34 -22 -45 -94 -67
OPM % -12% 1% -29% 0% 3% 6% -2% -2% -17% -9% -22% -46% -45%
0 0 16 0 0 1 0 0 0 0 0 7 0
Interest 3 2 2 2 1 0 0 0 0 0 0 0 0
Depreciation 9 14 12 11 10 9 9 9 9 8 8 9 10
Profit before tax -20 -13 -39 -12 -6 6 -14 -12 -43 -31 -53 -97 -76
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-20 -13 -39 -12 -6 6 -14 -12 -43 -31 -53 -97 -76
EPS in Rs -1.43 -0.94 -2.78 -0.83 -0.45 0.40 -0.96 -0.82 -3.06 -2.17 -3.77 -6.87 -5.39
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
926 1,193 1,476 1,148 962 24 186 409 548 418 757 854 818
838 1,017 1,410 1,164 1,124 259 265 454 528 431 762 917 1,046
Operating Profit 88 176 65 -17 -162 -236 -79 -45 20 -13 -5 -63 -228
OPM % 10% 15% 4% -1% -17% -998% -42% -11% 4% -3% -1% -7% -28%
1 1 3 10 1 -8 0 0 0 0 1 0 7
Interest 35 71 115 113 135 15 62 3 44 19 5 0 0
Depreciation 14 41 60 74 61 41 41 45 51 44 42 35 35
Profit before tax 40 65 -106 -193 -357 -299 -181 -92 -75 -76 -52 -99 -257
Tax % 17% 21% 28% 0% 0% 0% 0% 0% 0% 0% 0% 0%
33 51 -77 -193 -357 -299 -181 -92 -75 -76 -52 -99 -257
EPS in Rs 3.49 5.37 -6.27 -15.83 -25.30 -21.21 -12.85 -6.54 -5.32 -5.37 -3.66 -7.00 -18.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: 36%
3 Years: 16%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: -12%
TTM: -310%
Stock Price CAGR
10 Years: -6%
5 Years: 54%
3 Years: 65%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 95 95 122 122 141 141 141 141 141 141 141 141 141
Reserves 353 404 381 187 -151 -450 -632 -724 -800 -875 -926 -1,024 -1,173
605 823 834 1,201 1,252 1,245 1,239 1,220 1,197 1,170 1,140 1,105 1,105
242 334 430 447 658 682 737 793 737 781 865 973 1,105
Total Liabilities 1,295 1,656 1,766 1,957 1,899 1,618 1,485 1,430 1,275 1,216 1,219 1,195 1,178
469 706 849 776 715 685 644 599 548 504 461 426 408
CWIP 242 165 1 1 1 0 0 0 0 0 28 47 47
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
584 785 915 1,180 1,183 932 841 831 727 712 729 722 722
Total Assets 1,295 1,656 1,766 1,957 1,899 1,618 1,485 1,430 1,275 1,216 1,219 1,195 1,178

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 18 61 -255 46 84 108 139 212 27 60 54
-410 -200 -50 17 8 -6 4 -0 0 0 -28 -19
387 173 -13 242 -59 -81 -113 -140 -212 -27 -32 -35
Net Cash Flow 3 -8 -1 5 -5 -3 -0 -2 -0 0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 70 79 80 105 116 3,944 293 131 74 45 17 26
Inventory Days 99 140 120 231 258 867 943 533 446 651 387 292
Days Payable 76 90 90 135 192 917 948 548 416 537 390 302
Cash Conversion Cycle 93 130 110 202 182 3,894 288 116 105 159 14 17
Working Capital Days 109 123 89 225 172 1,712 -249 -275 -354 -58 -65 -107
ROCE % 9% 11% 1% -6% -16% -25% -14% -13% -5% -12% -12% -34%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Mar 2024
71.02% 71.02% 71.02% 71.02% 71.02% 71.02% 71.02% 71.02% 71.02% 71.02% 71.02% 71.02%
28.98% 28.98% 28.98% 28.98% 28.98% 28.98% 28.98% 28.97% 28.99% 28.98% 28.99% 28.99%
No. of Shareholders 10,05111,02411,49621,10931,03534,55835,69635,50134,86434,56433,89633,216

Documents

Announcements

Annual reports

Credit ratings