Ankit Metal & Power Ltd.

•

ankitmetal.comBSE: 532870NSE: ANKITMETAL

Market Cap₹ 24 Cr.

Current Price

High / Low₹ 2 / 1

Stock P/E0.0

Book Value₹ 0

Price to Book—

Dividend Yield0.00 %

ROCE-34.2 %

ROE0.0 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

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.

Confidence

61%

View full sector analysis →

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

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1306.00	12.89	319376.29	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.60	20.77	229196.25	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.35	18.98	81102.86	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2522.00	28.81	66528.00	0.20	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2217.80	50.10	61579.08	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	733.55	18.62	60475.30	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1072.40	26.65	29934.10	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	309.55	30.29	19795.98	0.65	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2629.05	42.57	18427.54	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	490.90	15.31	17298.40	0.41	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	ANKITMETAL	1.71	0.00	24.13	0.00	-76.06	-76.27	145.76	-25.73	-34.20	-45.64

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024
	71.02	71.02	71.02	71.02	71.02	71.02	71.02	71.02
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.98	28.98	28.98	28.98	28.98	28.98	28.98	28.98

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for ANKITMETAL

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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

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

-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

Interest

Depreciation

-14

-12

-43

-31

-53

-97

-76

Tax %

0.00%

-0.00%

Net Profit

-14

-12

-43

-31

-53

-97

-76

-1

-3

-2

-4

-7

-5

Equity Capital

141

Reserves

Promoter Pledge %

0.00%

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

186

409

548

418

757

854

771

1,410

1,164

1,124

259

265

457

539

434

762

917

1,046

Operating Profit

-7

-161

-235

-78

-45

-13

-4

-63

—

OPM %

-1

-17

-997

-42

-11

-3

-1

-7

—

Other Income

Interest

115

113

135

Depreciation

-106

-193

-357

-299

-181

-92

-75

-76

-52

-99

-257

Tax %

Net Profit

-77

-193

-357

-299

-181

-92

-75

-76

-52

-99

-257

EPS

-5

-4

-7

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-6

-16

-25

-21

-13

-7

-5

-4

-7

—

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

LIABILITIES

Equity Capital

122

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

428

653

726

526

545

531

570

597

572

Cash & Bank

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

-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

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

-255

108

139

212

Cash from Investing

-50

-6

-0

-28

-19

Cash from Financing

-13

242

-59

-81

-113

-140

-212

-27

-32

-35

-1

-5

-3

-0

-2

-0

Free Cash Flow

-1

-255

108

139

212

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

-29

111

579

560

517

444

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

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%

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

116

3948

393

132

Inventory Days

155

250

8803

1042

480

354

481

281

250

Payable Days

124

163

903

955

549

437

552

347

304

125

202

11847

480

-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%

VALUATION

P/E (x)

0.00x

P/B (x)

0.00x

Dividend Yield %

0.00%

0.00x

Mar 2022

Jun 2022

Sep 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Mar 2024

71.02

FIIs

0.00

DIIs

0.00

Government

0.00

28.98

Ankit Metal & Power Ltd.

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Quarterly Results

Profit & Loss

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Ankit Metal & Power Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI