Ankit Metal & Power
- Market cap
- ₹ 35 Cr.
- P/E
- 2.5x
- 52-week range
- 1.29 – 2.65
- ROCE
- −34%
- Dividend yield
- 0%
- Sector
- Ferrous Metals
- Industry
- Iron & Steel
- Listed on
- NSE, BSE
About
Ankit Metal & Power Limited is an India-based company engaged in iron and steel business. The Company is engaged in manufacturing of iron ore pellets, sponge iron, MS billets, re-rolled products with a captive power plant (CPP). The Company's integrated steel plant produces 100,000 million tons per annum (MTPA) of rolled products comprising of TMT Bars, Sponge Iron, Steel Melting Shop, Pig Iron, Ferro Silicon, M.S. billets, Billets, and Rolling Mill along with a 12.5-megawatt (MW) Captive Power Plant. It also produces wire rods and other rolled products. Its products are used in bridges, flyovers, high-rise buildings, and even in areas of high humidity, cyclone-prone areas, and seismic-prone areas. The Company's products also serve real estate developers, construction units, forging units, wire drawing units, railways, and engineering industries. The Company also generates power from Captive Power Plant.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel: 15 companies →Ankit Metal & Power against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)2.5 against a typical 14.3: cheaper than most peers (1st = cheapest).1st of 15
- Sales growth−25.4% against a typical +16.3% from a year earlier.14th of 14
- Share price, 3 months+42.8% against a typical −9.3%.2nd of 15
- Size₹ 35.3 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).14th of 14
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 21 Mar 2024 | Financial Results | To consider and approve the financial results for the period ended December 31, 2023 |
| 14 Nov 2023 | Financial Results | To consider and approve the financial results for the period ended September 30, 2023 |
| 25 Sep 2023 | Other business matters | We hereby inform that the meeting of the Board of Directors of the Company is scheduled to be held on Monday, 25th September, 2023 interalia for appointment/re-appointment of Key Managerial Personnel (KMP s) of the Company. |
| 14 Aug 2023 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2023 and other business matters |
| 30 May 2023 | Financial Results | To consider and approve the financial results for the period ended March 31, 2023 |
| 3 Jan 2023 | Other business matters | Intimation for Board Meeting and Closure of Trading Window |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 209 | 141 | 212 | 149 | 239 | 207 | 187 | 197 | 262 | 203 | 206 | 147 |
| Expenses | 206 | 182 | 211 | 145 | 224 | 212 | 190 | 231 | 285 | 248 | 300 | 213 |
| Operating Profit | 3 | −41 | 1 | 5 | 14 | −4 | −3 | −34 | −22 | −45 | −94 | −67 |
| OPM % | 1.2% | −29% | 0.4% | 3.1% | 6% | −2.2% | −1.5% | −17% | −9% | −22% | −46% | −45% |
| Other Income | 0 | 16 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 7 | 0 |
| Interest | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 14 | 12 | 11 | 10 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 10 |
| Profit before tax | −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% |
| Net Profit | −13 | −39 | −12 | −6 | 6 | −14 | −12 | −43 | −31 | −53 | −97 | −76 |
| EPS in Rs | −0.94 | −2.78 | −0.83 | −0.45 | 0.4 | −0.96 | −0.82 | −3.06 | −2.17 | −3.77 | −6.87 | −5.39 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −3%
- 5 Years
- 36%
- 3 Years
- 16%
- TTM
- −1%
- 10 Years
- —
- 5 Years
- 8%
- 3 Years
- −12%
- TTM
- −310%
- 10 Years
- 1%
- 5 Years
- −1%
- 3 Years
- −29%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
Peers
Listed companies in the same business.
| Ankit Metal & Power | ₹ 2.17 | ₹ 35 Cr. | 2.5x | — | — | — |
| Bharat Forge | ₹ 1,709.60 | ₹ 81,734 Cr. | 89.6x | 10.9x | 11.5% | 6.5% |
| Havells India | ₹ 1,032.00 | ₹ 64,764 Cr. | 44.1x | 7.9x | — | 6.9% |
| Schaeffler India | ₹ 3,468.00 | ₹ 54,379 Cr. | 56.2x | 10.7x | — | 12% |
| Sterlite Technologies | ₹ 829.00 | ₹ 42,603 Cr. | 464.5x | 11.2x | 2.6% | 1.2% |
| R R Kabel | ₹ 2,150.60 | ₹ 26,329 Cr. | 51.2x | 10.1x | 20.8% | 5.1% |
Management
- Subham Bhagat
- Chairman of the Board, Managing Director
- Ajay Kumar Mishra
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.