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BSE: 532870 | NSE: ANKITMETAL | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ankit Metal & Power Ltd is a average quality company.
The key valuation ratios of Ankit Metal & Power Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ankit Metal & Power Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.4% | -8% | -19.1% | -25.9% | -16.4% | -13% | -7.4% | -12.9% | -12.3% | -34% | - |
| Value Creation Index ⓘ | -1.0 | -1.6 | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,476 | 1,148 | 962 | 23.6 | 186 | 409 | 548 | 418 | 757 | 854 | 771 |
| Sales YoY Gr. | - | -22.2% | -16.2% | -97.6% | 689.2% | 119.6% | 34% | -23.8% | 81.1% | 12.9% | - |
| Adj EPS ⓘ | -6.2 | -15.8 | -25.3 | -20.7 | -12.9 | -6.5 | -5.3 | -5.4 | -3.7 | -7 | -18.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 41.2 | 25.3 | -0.7 | -21.9 | -34.8 | -41.3 | -46.7 | -52 | -55.6 | -62.6 | -78.6 |
| Adj Net Profit ⓘ | -75.5 | -192 | -357 | -292 | -181 | -91.9 | -74.5 | -75.8 | -52 | -98.2 | -257 |
| Cash Flow from Ops. ⓘ | 61.4 | -255 | 45.7 | 84.1 | 108 | 139 | 212 | 27 | 60.1 | 54 | - |
| Debt/CF from Ops. ⓘ | 13.6 | -4.7 | 27.4 | 14.8 | 11.5 | 8.8 | 5.7 | 43.3 | 19 | 20.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -5.9% | 35.6% | 15.9% | 12.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -204.8% | NA | NA | NA | ||||
| Share Price | -6.9% | 52% | 62.7% | -7.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -15.1 | -47.4 | -238.6 | 182.9 | 45.3 | 17.1 | 12 | 10.9 | 6.8 | 11.8 | 25.8 |
| Op. Profit Mgn % ⓘ | 4.5 | -1.4 | -16.8 | -991.2 | -42.1 | -11.7 | 1.9 | -3.8 | -0.7 | -7.3 | -29.6 |
| Net Profit Mgn % ⓘ | -5.1 | -16.8 | -37.1 | -1237.7 | -97.3 | -22.5 | -13.6 | -18.2 | -6.9 | -11.5 | -33.3 |
| Debt to Equity ⓘ | 1.7 | 3.9 | -124.1 | -4 | -2.5 | -2.1 | -1.8 | -1.6 | -1.5 | -1.3 | - |
| Working Cap Days ⓘ | 183 | 292 | 422 | 14,729 | 1,714 | 744 | 518 | 628 | 347 | 310 | 152 |
| Cash Conv. Cycle ⓘ | 82 | 153 | 223 | 11,591 | 836 | 274 | 70 | 295 | 51 | 23 | -299 |
Return on Equity has increased versus last 3 years average to 25.80%
Sales growth is growing at healthy rate in last 3 years 15.92%
Sales growth is not so good in last 4 quarters at 8.99%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -18.2 | -13.7 |
| TTM Sales (₹ Cr.) | 771 | 1,148 |
| BVPS (₹.) ⓘ | -78.6 | 0 |
| Reserves (₹ Cr.) ⓘ | -1,250 | 187 |
| P/BV ⓘ | -0.05 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.32 / 6.11 |
| All Time Low / High (₹) | 0.35 / 107.50 |
| Market Cap (₹ Cr.) | 57.2 |
| Equity (₹ Cr.) | 141.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.4 |
| Pledged * | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,475.70 | 1,147.69 | 962.09 | 23.61 | 186.33 | 409.13 | 548.28 | 417.87 | 756.72 | 853.99 |
| Operating Expenses ⓘ | 1,410.47 | 1,164.48 | 1,124.48 | 259.35 | 264.86 | 457.37 | 538.64 | 433.63 | 762.03 | 917.43 |
| Manufacturing Costs | 84.36 | 102.80 | 73.32 | 19.77 | 40.16 | 77 | 77.57 | 103.12 | 185.68 | 185.68 |
| Material Costs | 1,298.22 | 1,031.80 | 1,028.48 | 221.59 | 211.17 | 363.70 | 434.95 | 319.31 | 562.87 | 714.10 |
| Employee Cost | 14.11 | 16.94 | 14.52 | 0.43 | 0.65 | 11.91 | 20.63 | 9.77 | 11.70 | 12.59 |
| Other Costs ⓘ | 13.78 | 12.94 | 8.16 | 17.56 | 12.88 | 4.76 | 5.49 | 1.43 | 1.77 | 5.06 |
| Operating Profit ⓘ | 65.23 | -16.78 | -162.40 | -235.75 | -78.53 | -48.23 | 9.64 | -15.76 | -5.31 | -63.44 |
| Operating Profit Margin (%) | 4.4% | -1.5% | -16.9% | -998.0% | -42.1% | -11.8% | 1.8% | -3.8% | -0.7% | -7.4% |
| Other Income ⓘ | 3.13 | 10.26 | 1.37 | 0.51 | 0.17 | 3.53 | 10.68 | 3.01 | 0.87 | 0.09 |
| Interest ⓘ | 115.20 | 113.10 | 134.86 | 15.10 | 61.72 | 2.66 | 44.23 | 18.65 | 4.80 | 0.11 |
| Depreciation ⓘ | 59.64 | 73.66 | 61.12 | 40.53 | 41.21 | 44.91 | 51.13 | 44.31 | 42.40 | 35.28 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -8.43 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -106.48 | -193.28 | -357 | -299.30 | -181.30 | -92.27 | -75.04 | -75.71 | -51.62 | -98.75 |
| Tax ⓘ | -29.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -76.52 | -193.28 | -357 | -299.30 | -181.30 | -92.27 | -75.04 | -75.71 | -51.62 | -98.75 |
| PAT Margin (%) | -5.2% | -16.8% | -37.1% | -1,267.9% | -97.3% | -22.6% | -13.7% | -18.1% | -6.8% | -11.6% |
| Adjusted EPS (₹) | -6.3 | -15.8 | -25.3 | -21.2 | -12.9 | -6.5 | -5.3 | -5.4 | -3.7 | -7.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 502.63 | 309.05 | -10.09 | -309.30 | -490.59 | -582.92 | -658.73 | -734.19 | -785.18 | -882.64 |
| Share Capital ⓘ | 122.08 | 122.08 | 141.11 | 141.11 | 141.11 | 141.11 | 141.11 | 141.11 | 141.11 | 141.11 |
| Reserves ⓘ | 380.55 | 186.97 | -151.20 | -450.41 | -631.70 | -724.03 | -799.84 | -875.30 | -926.29 | -1,023.75 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 740.47 | 1,201.09 | 1,195.03 | 1,115.75 | 1,013.70 | 878.77 | 678.42 | 552.66 | 411.52 | 322.14 |
| Long Term Debt | 313.71 | 778.25 | 731.16 | 658.73 | 562.07 | 447.14 | 276.22 | 176.52 | 65.66 | 11.03 |
| Short Term Debt | 426.76 | 422.84 | 463.87 | 457.01 | 451.62 | 431.63 | 402.20 | 376.14 | 345.86 | 311.11 |
| Trade Payables | 320.80 | 380.79 | 540.13 | 556.48 | 548.61 | 546.37 | 495.36 | 470.14 | 601.26 | 590.13 |
| Others Liabilities ⓘ | 202.26 | 66.40 | 173.99 | 254.62 | 413.59 | 587.91 | 760.37 | 927.87 | 991.75 | 1,165.43 |
| Total Liabilities ⓘ | 1,766.16 | 1,957.33 | 1,899.07 | 1,617.55 | 1,485.31 | 1,430.13 | 1,275.41 | 1,216.48 | 1,219.36 | 1,195.05 |
Fixed Assets | ||||||||||
| Gross Block | 1,006.59 | 1,007 | 775.90 | 787.08 | 786.92 | 786.98 | 786.97 | 787.22 | 787.22 | 787.25 |
| Accumulated Depreciation | 157.18 | 231.13 | 61.12 | 101.65 | 142.73 | 187.64 | 238.77 | 283.33 | 325.73 | 361.01 |
| Net Fixed Assetsⓘ | 849.41 | 775.86 | 714.78 | 685.43 | 644.19 | 599.34 | 548.20 | 503.89 | 461.49 | 426.24 |
| CWIP ⓘ | 1.18 | 1.18 | 1.18 | 0 | 0 | 0 | 0 | 0 | 28.40 | 47.20 |
| Investmentsⓘ | 0.12 | 0.16 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.07 |
| Inventories | 427.82 | 653.43 | 725.96 | 526.46 | 545.45 | 530.77 | 531.38 | 569.92 | 596.97 | 571.86 |
| Trade Receivables | 323.79 | 331.03 | 306.53 | 255.11 | 149.64 | 147.03 | 111.66 | 51.33 | 35.54 | 61.49 |
| Cash Equivalents | 32.76 | 24.22 | 12.80 | 6.62 | 2.20 | 0.64 | 0.62 | 0.91 | 0.65 | 1.09 |
| Others Assetsⓘ | 131.08 | 171.45 | 137.70 | 143.81 | 143.71 | 152.22 | 83.43 | 90.30 | 96.19 | 87.10 |
| Total Assets ⓘ | 1,766.16 | 1,957.33 | 1,899.07 | 1,617.55 | 1,485.31 | 1,430.13 | 1,275.41 | 1,216.48 | 1,219.36 | 1,195.05 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 61.43 | -254.80 | 45.74 | 84.10 | 108 | 138.91 | 211.87 | 27.01 | 60.10 | 53.97 |
| PBT ⓘ | -106.48 | -193.28 | -357 | -299.30 | -181.30 | -92.27 | -75.04 | -75.71 | -51.62 | -98.75 |
| Adjustment ⓘ | 174.19 | 186.16 | 194.86 | 56.98 | 102.80 | 47.93 | 95.35 | 62.74 | 47.99 | 37.29 |
| Changes in Working Capital ⓘ | -1.64 | -246.35 | 208.35 | 328.2 | 186.52 | 183.74 | 192.38 | 39.81 | 63.95 | 116.16 |
| Tax Paid ⓘ | -3.17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -50.04 | 17.47 | 8.47 | -5.86 | 4.17 | -0.02 | 0.06 | 0.04 | -28.35 | -18.67 |
| Capex | -39.07 | -0.41 | -0.03 | -10 | 0.03 | -0.06 | 0 | 0 | -28.40 | -18.83 |
| Net Investments | 0 | -0.04 | 6.56 | 3.63 | 3.97 | -0.02 | 0 | -0.01 | 0.01 | 0.07 |
| Others ⓘ | -10.96 | 17.92 | 1.94 | 0.52 | 0.17 | 0.06 | 0.06 | 0.05 | 0.04 | 0.09 |
| Cash Flow From Financing Activityⓘ | -12.62 | 242.22 | -59.12 | -80.78 | -112.62 | -140.46 | -211.96 | -26.78 | -32.01 | -34.83 |
| Net Proceeds from Shares ⓘ | 39.64 | 0 | 38.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -69.32 | 267.28 | -47.09 | -72.43 | -96.66 | -114.94 | -170.92 | -99.70 | -110.86 | -54.63 |
| Interest Paid ⓘ | -107.65 | -21.13 | -91.13 | -1.50 | -10.57 | -5.53 | -11.61 | -0.08 | -1.65 | -0.08 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 124.71 | -3.93 | 41.03 | -6.85 | -5.39 | -19.99 | -29.43 | 73 | 80.50 | 19.87 |
| Net Cash Flow ⓘ | -1.23 | 4.89 | -4.91 | -2.55 | -0.45 | -1.57 | -0.02 | 0.28 | -0.25 | 0.47 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -15.28 | -47.63 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 0.66 | -5.63 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.96 | 0.68 | 0.52 | 0.01 | 0.12 | 0.28 | 0.41 | 0.34 | 0.62 | 0.71 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 65 | 94 | 116 | 3,948 | 393 | 132 | 86 | 71 | 21 | 21 |
| Inventory Days | 87 | 155 | 250 | 8,803 | 1,042 | 480 | 354 | 481 | 281 | 250 |
| Payable Days | 77 | 124 | 163 | 903 | 955 | 549 | 437 | 552 | 347 | 304 |
Ankit Metal & Power (AMPL) is promoted by S K Patni, a well known figure in the iron and steel sector with a strong presence as a quality ferro alloy provider to the steel industry in India and worldwide. Bolstered with a strategic advantage in terms of both, desired depth of operational knowledge as well as the required market visibility, the group portfolio spans activities like manufacture, trade, import and export of steel intermediates.
The company has been incorporated with a view to set up an integrated steel plant with facilities to manufacture sponge iron, pig iron, MS ingots and billets, pellets, and finally variety of superior quality rolled products along with a captive power plant.
The plant is located at Jorehira in Bankura district of West Bengal with a capacity to produce 1,00,000 MTPA of rolled products (TMT), along with intermediate products like sponge iron, MS ingots/billets and 12.5 MW captive power plant. Having its sponge Iron unit operationalised in October 2005, presently, the unit has successfully implemented all the facilities, and has started producing 100,000 MT of TMT bars (ISI Certified) annually under the brand name of Ankit TMT.
The captive power plant is a combination of waste heat recovery based and AFBC, which entails the company to generate power at a lower cost compared to the state utilities, consequently resulting in overall lower cost of production. The plant is enjoying a locational advantage by being positioned close to the coal belt in Ranigunj and having linkage with Coal India Ltd. for supply of company’s annual coal requirement, thereby deriving cost savings in logistics and transportation. The plant site has good linkages with state and national highways, railways and ports thus ensuring an uninterrupted movement of raw materials and finished products.
Product of the company
Group companies
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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