1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Ankit Metal & Power Limited

Ankit Metal & Power Limited

2.50
INR
-0.05
(-1.96%)
-18.20EPS
714.02MMarket Cap
Ankit Metal & Power Limited
BSE:ANKITMETAL
(Bombay Stock Exchange)

Recent

price

2.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
INR
86.02
149.64
191.29
209.4
97.07
125.06
120.88
94.02
73.11
1.56
12.95
27.84
37.89
24.44
47.92
53.68
54.61
Revenue per Share
6.94
1.96
6.35
7.38
3.49
5.37
-6.27
-15.83
-27.13
-21.21
-12.85
-6.54
-5.32
-5.36
-3.66
-7
-18.2
Basic EPS, GAAP
-12.2
-4.43
-2.44
-70.76
-39.91
-19.17
1.83
-20.91
3.47
5.25
7.65
9.84
15.01
1.91
4.26
3.82
- -
Free Cash Flow per Basic Share
- -
0.5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
34.47
36.43
42.78
83.85
46.97
52.34
41.17
25.32
-0.71
-21.92
-34.77
-41.31
-46.68
-52.03
-55.64
-62.55
- -
Book Value per Share
34.47
36.43
42.78
83.82
46.94
52.31
41.16
25.31
-0.72
-21.92
-34.77
-41.31
-46.68
-52.03
-55.64
-62.55
- -
Tangible Book Value per Share
33
33
33
33
95
95
122
122
132
141
141
141
141
141
141
141
141
Basic Weighted Avg Shares
2,828
4,920
6,289
6,884
9,258
11,928
14,757
11,477
9,621
220
1,828
3,929
5,347
3,448
6,761
7,575
7,706
Sales/Revenue/Turnover
14.71
5.38
4.92
7.13
7.96
11.33
0.38
-7.76
-23.19
-1,246.03
-65.49
-22.7
-5.62
-16.61
-7.01
-12.94
-34.11
Operating Margin (%)
44
104
109
124
142
411
596
737
611
405
412
449
511
443
424
353
355
Depreciation Expense
228
64
209
243
332
512
-765
-1,933
-3,570
-2,993
-1,813
-923
-750
-757
-516
-987
-2,568
Net Income, GAAP
33.91
27.12
- -
13.5
16.77
21.11
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
8.07
1.31
3.32
3.52
3.59
4.29
-5.19
-16.84
-37.11
-1,358.75
-99.2
-23.48
-14.04
-21.96
-7.63
-13.04
-33.32
Profit Margin (%)
754
1,061
1,427
777
923
1,288
-196
3,080
27
-3,397
-5,765
-7,389
-9,335
-10,589
-12,073
-13,430
- -
Working Capital
1,153
1,521
1,786
1,621
3,676
4,731
3,264
7,783
7,312
6,587
5,621
4,471
2,762
1,765
657
110
- -
LT Debt
1,133
1,198
1,406
2,757
4,480
4,992
5,026
3,090
-101
-3,093
-4,906
-5,829
-6,587
-7,342
-7,852
-8,826
- -
Total Equity
- -
2.57
- -
5.3
4.1
4.47
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
7.71
- -
8.7
4.1
4.47
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
5.52
16.03
11.65
9.19
10.81
-15.28
-47.63
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
- -
10,939
- -
LT Borrowings
- -
110
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
141
141
141
Market Capitalization
450
779
714

Working Capital

INR

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
- -
7,215
- -
Cash, Cash Equivalents & STI
- -
68
- -
Accounts Receivable, Net
- -
656
- -
Inventories
- -
4,680
- -
Total Current Liabilities
- -
21,943
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
10,939
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
294.69%
12.53%
12.41%
Free Cash Flow
-125.79%
21.24%
-10.2%
Net Income, GAAP
-7.52%
-1.48%
91.29%
Sales/Revenue/Turnover
84.1%
44.73%
12.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
1,472
2,043
1,262
2,203
6,761
2023
1,745
1,474
1,963
2,394
7,575
2024
1,941
1,914
1,458
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-2.78
-0.83
-0.45
0.4
-3.66
2023
-0.96
-0.82
-3.06
-2.17
-7
2024
-3.77
-6.87
-5.39
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
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Business
Ankit Metal & Power Limited is an integrated steel manufacturing company primarily engaged in the production of iron and steel products. Founded in 2002 and headquartered in Bankura, West Bengal, the company operates a manufacturing facility in Bankura, focusing on various steel-related products. Its main product portfolio includes sponge iron, iron ore pellets, mild steel (MS) billets, TMT bars, pig iron, re-rolled products, and structural steel items such as beams, channels, and angles. The company also manufactures a range of ferroalloys including ferro silicon, ferro manganese, and ferro chrome, which are essential raw materials for steel production. Additionally, Ankit Metal & Power operates a captive power plant with a capacity of 12.5 MW to support its steel-making activities and ensure a consistent energy supply. The company provides steel fabrication services involving cutting, bending, and welding, and is also involved in steel trading, sourcing and distributing quality steel products to customers predominantly in India. In terms of recent corporate developments, Ankit Metal & Power has been undergoing a corporate insolvency resolution process (CIRP) since 2024 with several meetings of the Committee of Creditors (CoC) announced during the year, signaling significant restructuring efforts. While specific large-scale acquisitions or new product launches in the last two years are not publicly highlighted, the insolvency proceedings and ongoing resolution plans represent major strategic operational changes impacting the company. Despite the financial restructuring, the company continues to serve the steel and allied industries with its established product lines and integrated manufacturing capabilities. Ankit Metal & Power caters mainly to construction, real estate developers, steel fabricators, and industrial consumers within eastern India and the broader regional market. The company was initially floated as an integrated steel plant in 2005 to produce 100,000 metric tons per annum (MTPA) of rolled products. This company operates entirely within India, with a particular geographic focus on West Bengal, and competes in the steel manufacturing and metal products sector. Ankit Metal & Power is part of the broader SKP group based in Kolkata. Its reputation in the market includes well-accepted own brand products such as ANKIT-TMT bars, reflecting its foothold in the regional steel industry. The strategic presence of a captive power plant alongside its manufacturing units exemplifies its integrated operational model aimed at cost efficiency and supply stability. The combination of steel product manufacturing, ferroalloy production, steel fabrication, and captive power generation positions Ankit Metal & Power as a multifaceted player in the iron and steel segment in India. Ankit Metal & Power Limited continues to focus on expanding its product offerings in the steel sector and managing operational challenges through financial restructuring measures while maintaining production of its core steel products and allied services across eastern India.