Ankit Metal & Power Ltd.
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ABOUT
AI Sector View
AI GENERATEDMetals & Mining
The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.
PROS
- Company is almost debt free
- Company has delivered good sales growth of 35.6% CAGR over last 5 years
- Company generates healthy free cash flow
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- Interest coverage is weak at -872.9x - earnings barely cover interest
- Company has a low return on capital employed of -19.3%
- Company has a low return on equity of 0.0% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.62x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1306.00 | 12.89 | 319376.29 | 0.54 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 183.60 | 20.77 | 229196.25 | 2.18 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 196.35 | 18.98 | 81102.86 | 1.20 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2522.00 | 28.81 | 66528.00 | 0.20 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| APLAPOLLO | 2217.80 | 50.10 | 61579.08 | 0.38 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| JSL | 733.55 | 18.62 | 60475.30 | 0.55 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| SHYAMMETL | 1072.40 | 26.65 | 29934.10 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| JINDALSAW | 309.55 | 30.29 | 19795.98 | 0.65 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2629.05 | 42.57 | 18427.54 | 0.38 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 490.90 | 15.31 | 17298.40 | 0.41 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 239.75 | 20.01 | 16140.90 | 0.42 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| ANKITMETAL | 1.71 | 0.00 | 24.13 | 0.00 | -76.06 | -76.27 | 145.76 | -25.73 | -34.20 | -45.64 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| 198 | 174 | 147 | 196 | 239 | 194 | 191 | 146 | |
| 224 | 212 | 190 | 231 | 285 | 248 | 300 | 213 | |
| Operating Profit | 14 | -4 | -3 | -34 | -22 | -45 | -94 | -67 |
| OPM % | 7.21% | -2.57% | -1.96% | -17.18% | -9.35% | -23.07% | -49.34% | -45.64% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 7 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 10 |
| 6 | -14 | -12 | -43 | -31 | -53 | -97 | -76 | |
| Tax % | 0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Net Profit | 6 | -14 | -12 | -43 | -31 | -53 | -97 | -76 |
| 0 | -1 | -1 | -3 | -2 | -4 | -7 | -5 | |
| Equity Capital | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,476 | 1,148 | 962 | 24 | 186 | 409 | 548 | 418 | 757 | 854 | 771 | |
| 1,410 | 1,164 | 1,124 | 259 | 265 | 457 | 539 | 434 | 762 | 917 | 1,046 | |
| Operating Profit | 68 | -7 | -161 | -235 | -78 | -45 | 20 | -13 | -4 | -63 | — |
| OPM % | 5 | -1 | -17 | -997 | -42 | -11 | 4 | -3 | -1 | -7 | — |
| Other Income | 3 | 10 | 1 | 1 | 0 | 4 | 11 | 3 | 1 | 0 | 7 |
| Interest | 115 | 113 | 135 | 15 | 62 | 3 | 44 | 19 | 5 | 0 | 0 |
| Depreciation | 60 | 74 | 61 | 41 | 41 | 45 | 51 | 44 | 42 | 35 | 35 |
| -106 | -193 | -357 | -299 | -181 | -92 | -75 | -76 | -52 | -99 | -257 | |
| Tax % | 28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -77 | -193 | -357 | -299 | -181 | -92 | -75 | -76 | -52 | -99 | -257 |
| EPS | 0 | 0 | 0 | 0 | 0 | 0 | -5 | -5 | -4 | -7 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -6 | -16 | -25 | -21 | -13 | -7 | -5 | -5 | -4 | -7 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -3%
- 5 Years:
- 36%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 1%
- 5 Years:
- -2%
- 3 Years:
- -19%
- 1 Year:
- -11%
RETURN ON EQUITY
- 10 Years:
- -30%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 122 | 122 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
| 381 | 187 | -151 | -450 | -632 | -724 | -800 | -875 | -926 | -1,024 | |
| 427 | 423 | 464 | 586 | 677 | 772 | 920 | 993 | 1,074 | 1,094 | |
| Trade Payables | 321 | 381 | 540 | 556 | 549 | 546 | 495 | 470 | 601 | 590 |
| 516 | 845 | 905 | 784 | 750 | 694 | 518 | 487 | 329 | 394 | |
| Total Liabilities | 1,766 | 1,957 | 1,899 | 1,618 | 1,485 | 1,430 | 1,275 | 1,216 | 1,219 | 1,195 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 849 | 776 | 715 | 685 | 644 | 599 | 548 | 504 | 461 | 426 | |
| Capital Work in Progress | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 28 | 47 |
| 428 | 653 | 726 | 526 | 545 | 531 | 531 | 570 | 597 | 572 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 33 | 24 | 13 | 7 | 2 | 1 | 1 | 1 | 1 | 1 |
| 455 | 502 | 444 | 399 | 293 | 299 | 195 | 142 | 132 | 149 | |
| Total Assets | 1,766 | 1,957 | 1,899 | 1,618 | 1,485 | 1,430 | 1,275 | 1,216 | 1,219 | 1,195 |
| Total Debt | 834 | 1,201 | 1,252 | 1,245 | 1,239 | 1,220 | 1,197 | 1,170 | 1,140 | 1,105 |
| Net Working Capital | -32 | 310 | 3 | -340 | -576 | -739 | -933 | -1,059 | -1,207 | -1,343 |
| Contingent Liabilities | 324 | 164 | 232 | 345 | 774 | 959 | 852 | 963 | 1,296 | 934 |
| Book Value per Share | 41.17 | 25.32 | -0.71 | -21.92 | -34.77 | -41.31 | -46.68 | -52.03 | -55.64 | -62.55 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 61 | -255 | 46 | 84 | 108 | 139 | 212 | 27 | 60 | 54 | |
| Cash from Investing | -50 | 17 | 8 | -6 | 4 | -0 | 0 | 0 | -28 | -19 |
| Cash from Financing | -13 | 242 | -59 | -81 | -113 | -140 | -212 | -27 | -32 | -35 |
| -1 | 5 | -5 | -3 | -0 | -2 | -0 | 0 | -0 | 0 | |
| Free Cash Flow | -1 | -255 | 46 | 74 | 108 | 139 | 212 | 27 | 32 | 35 |
| OCF / Net Profit | -0.80 | 1.32 | -0.13 | -0.28 | -0.60 | -1.51 | -2.82 | -0.36 | -1.16 | -0.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -29 | 111 | 579 | 560 | 517 | 444 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -6.27 | -15.83 | -25.30 | -21.21 | -12.85 | -6.54 | -5.32 | -5.36 | -3.66 | -7.00 |
| Book Value (₹) | 41.17 | 25.32 | -0.71 | -21.92 | -34.77 | -41.31 | -46.68 | -52.03 | -55.64 | -62.55 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -1.38 | -9.80 | -20.97 | -18.34 | -9.93 | -3.36 | -1.69 | -2.22 | -0.65 | -4.50 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 4.15% | -0.51% | -16.00% | -905.97% | -41.73% | -10.93% | 3.71% | -3.05% | -0.59% | -7.42% |
| Net Margin % | -4.65% | -15.18% | -35.47% | -1152.69% | -96.54% | -22.55% | -13.69% | -18.12% | -6.82% | -11.56% |
| ROE % | -15.28% | -47.63% | -238.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 0.66% | -5.63% | -16.15% | -26.11% | -14.20% | -12.94% | -5.25% | -11.72% | -11.85% | -34.20% |
| -4.47% | -10.38% | -18.51% | -17.02% | -11.69% | -6.33% | -5.55% | -6.08% | -4.24% | -8.18% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 65 | 94 | 116 | 3948 | 393 | 132 | 86 | 71 | 21 | 21 |
| Inventory Days | 87 | 155 | 250 | 8803 | 1042 | 480 | 354 | 481 | 281 | 250 |
| Payable Days | 77 | 124 | 163 | 903 | 955 | 549 | 437 | 552 | 347 | 304 |
| 75 | 125 | 202 | 11847 | 480 | 63 | 3 | 0 | -45 | -34 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.66x | 3.89x | -124.10x | -4.02x | -2.53x | -2.09x | -1.82x | -1.59x | -1.45x | -1.25x |
| Interest Coverage (x) | 0.08x | -0.71x | -1.65x | -18.83x | -1.94x | -33.74x | -0.70x | -3.06x | -9.76x | -872.87x |
| 0.97x | 1.36x | 1.00x | 0.73x | 0.59x | 0.53x | 0.44x | 0.40x | 0.38x | 0.35x | |
| GROWTH | ||||||||||
| Revenue Growth % | 23.72% | -22.23% | -16.17% | -97.55% | 689.37% | 119.57% | 34.01% | -23.79% | 81.09% | 12.85% |
| Operating Profit Growth % | -61.46% | -109.54% | -2368.37% | -46.09% | 66.69% | 42.96% | 145.46% | -162.73% | 65.24% | -1329.52% |
| Net Profit Growth % | -249.49% | -152.59% | -84.70% | 16.16% | 39.43% | 49.11% | 18.66% | -0.88% | 31.81% | -91.29% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Documents
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News
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