Ankit Met.Power

Why is Ankit Metal & Power Ltd falling/rising?

As of 23-Jun, Ankit Metal & Power Ltd's stock is at 1.48, down 4.52%, significantly underperforming the Sensex. The stock has declined 17.32% year-to-date and 30.19% over the past year, while trading below all major moving averages, indicating a persistent downward trend despite increased investor participation.

As of 23-Jun, Ankit Metal & Power Ltd's stock price is falling, currently at 1.48, which reflects a change of -0.07 or -4.52%. The stock has underperformed significantly compared to the benchmark Sensex, which has only declined by -0.79% over the past week. Over the past month, the stock has decreased by -7.50%, while the Sensex has increased by +1.04%. Year-to-date, Ankit Metal & Power Ltd has seen a decline of -17.32%, compared to a -10.58% drop in the Sensex. <BR><BR>The stock's performance over the longer term is also concerning, with a -30.19% decline over the past year and a staggering -55.82% drop over the past three years, while the Sensex has gained +20.99% in the same period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.<BR><BR>Today's performance shows that the stock has underperformed its sector, which has fallen by -2.41%. However, there has been a notable increase in investor participation, with delivery volume rising by 74.65% against the 5-day average, suggesting some interest despite the overall decline. Nonetheless, the liquidity remains adequate for trading, but the overall negative trends in price and performance metrics indicate that Ankit Metal & Power Ltd is currently experiencing a decline.

Which are the latest news on Ankit Met.Power?

How big is Ankit Met.Power?

As of 10th June, Ankit Metal & Power Ltd has a market capitalization of 23.00 Cr, with recent net sales of 770.62 Cr and a net profit loss of 256.79 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Ankit Metal & Power Ltd has a market capitalization of 23.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 770.62 Cr, while the sum of Net Profit for the same period reflects a loss of 256.79 Cr.<BR><BR>Balance Sheet Snapshot: The latest annual reporting period is March 2015, with Shareholder's Funds amounting to 308.99 Cr and Total Assets valued at 1,958.08 Cr.

Who are in the management team of Ankit Met.Power?

The management team of Ankit Met.Power includes Subham Bhagat (Chairman & Managing Director), Vineeta Barmecha (Company Secretary), and several independent directors: Sujata Agarwal, Ankit Jain, Aritro Roy, Satish Kumar Singh (Additional Non-Executive Director), Sharat Malik, and Debasish Mukherjee. This diverse team oversees the company's governance and operations.

The management team of Ankit Met.Power includes the following individuals:<BR><BR>1. **Subham Bhagat** - Chairman & Managing Director<BR>2. **Vineeta Barmecha** - Company Secretary<BR>3. **Sujata Agarwal** - Independent Director<BR>4. **Ankit Jain** - Independent Director<BR>5. **Aritro Roy** - Independent Director<BR>6. **Satish Kumar Singh** - Additional Non-Executive Director<BR>7. **Sharat Malik** - Independent Director<BR>8. **Debasish Mukherjee** - Independent Director<BR><BR>This team comprises a mix of directors and key management personnel, contributing to the company's governance and operations.

Who are the peers of the Ankit Met.Power?

Ankit Met.Power's peers include Nagpur Power, Vaswani Industri, KIC Metaliks, Indsil Hydro, Bihar Sponge, Shyam Century, Chrome Silicon, Facor Alloys, and Impex Ferro Tech. Vaswani Industri has the highest 1-year return at 24.81%, while Ankit Met.Power's return is -29.36%.

Peers: The peers of Ankit Met.Power are Nagpur Power, Vaswani Industri, KIC Metaliks, Indsil Hydro, Bihar Sponge, Shyam Century, Chrome Silicon, Facor Alloys, and Impex Ferro Tech.<BR><BR>Quality Snapshot: Below Average management risk is observed at Nagpur Power, KIC Metaliks, Shyam Century, Chrome Silicon, Facor Alloys, and the rest. Average management risk is found at Vaswani Industri and Indsil Hydro. Bihar Sponge and Impex Ferro Tech do not qualify for management risk assessment. Growth is below average for Nagpur Power, Vaswani Industri, KIC Metaliks, Indsil Hydro, Bihar Sponge, Shyam Century, Chrome Silicon, Facor Alloys, and the rest, while Ankit Met.Power does not qualify. Capital structure is good at Nagpur Power, excellent at Shyam Century, and below average at Vaswani Industri, KIC Metaliks, Indsil Hydro, Chrome Silicon, Facor Alloys, and the rest, with Ankit Met.Power not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Vaswani Industri at 24.81%, while the lowest is Shyam Century at -34.63%. Ankit Met.Power's 1-year return of -29.36% is better than Shyam Century's but worse than Vaswani Industri's. Additionally, the six-month returns are negative for Indsil Hydro, Shyam Century, Chrome Silicon, and Ankit Met.Power.

What does Ankit Met.Power do?

Ankit Metal & Power Ltd is a micro-cap company in the ferrous metals industry, incorporated in 2002, with recent quarterly results showing net sales of 146 Cr and a net loss of 76 Cr as of December 2023. The company has a market cap of INR 23 Cr and key metrics include a debt-equity ratio of -1.07 and a return on equity of 24.88%.

Overview: <BR>Ankit Metal & Power Ltd operates in the ferrous metals industry and is categorized as a micro-cap company.<BR><BR>History: <BR>The company was incorporated in 2002 as Ankit Steel Works Private Limited and was renamed Ankit Metal & Power Private Limited in 2004. It transitioned from a private to a public company, adopting its current name on August 31, 2004. The latest quarterly results reported net sales and net profit for December 2023.<BR><BR>Financial Snapshot: <BR>Net Sales: 146 Cr (Quarterly Results - Dec 2023) <BR>Net Profit: -76 Cr (Quarterly Results - Dec 2023) <BR>Market Cap: INR 23 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.07 <BR>Return on Equity: 24.88% <BR>Price to Book: -0.02<BR><BR>Contact Details: <BR>Address: 35 Chittranjan Avenue, Kolkata, West Bengal: 700012 <BR>Tel: 91-33-2211 0225/0226 <BR>Email: cs@ankitmetal.com <BR>Website: http://www.ankitmetal.com

Is Ankit Met.Power overvalued or undervalued?

As of April 25, 2023, Ankit Met.Power is classified as risky and overvalued due to its negative PE ratio of -0.13, an EV to EBITDA of -4.98, and a ROCE of -322.05%, significantly underperforming compared to peers like JSW Steel and Tata Steel, and the Sensex.

As of 25 April 2023, the valuation grade for Ankit Met.Power has moved from does not qualify to risky. The company is currently assessed as overvalued, given its negative PE ratio of -0.13, an EV to EBITDA ratio of -4.98, and a ROCE of -322.05%. These figures indicate significant financial distress compared to peers in the ferrous metals industry.<BR><BR>In comparison, JSW Steel has a PE ratio of 64.98 and an EV to EBITDA of 14.20, while Tata Steel shows a PE of 51.92 and an EV to EBITDA of 11.04, both reflecting a much healthier financial position. Notably, Ankit Met.Power has underperformed the Sensex, with a year-to-date return of -52.65% compared to the Sensex's 5.63%, further reinforcing its overvaluation status.

What is the technical trend for Ankit Met.Power?

As of May 15, 2025, Ankit Met.Power's technical trend is mildly bearish, with mixed signals from the MACD and bearish indicators from moving averages, Bollinger Bands, and KST.

As of 15 May 2025, the technical trend for Ankit Met.Power has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The daily moving averages are mildly bearish, reinforcing the overall cautious stance. The Bollinger Bands and KST on both weekly and monthly time frames are bearish, with the weekly OBV also showing a mildly bearish trend. The RSI indicates no signal on both time frames. Overall, the current technical stance is mildly bearish, with key indicators such as the moving averages and Bollinger Bands driving this assessment.

How has been the historical performance of the Ankit Met.Power?

Ankit Met.Power reported a net loss of Rs 193.34 crore for the fiscal year ending March 2015, with total sales of Rs 1,144.50 crore and high raw material costs leading to an operating loss. The company's total liabilities were Rs 1,958.08 crore, and it experienced a cash outflow from operations of Rs 254.85 crore, offset by financing activities.

Answer:<BR>The historical performance of Ankit Met.Power shows significant challenges in the fiscal year ending March 2015, with a net loss of Rs 193.34 crore.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2015, Ankit Met.Power reported net sales of Rs 1,144.50 crore and total operating income of Rs 1,147.69 crore. However, the company faced high raw material costs of Rs 745.05 crore and finished goods purchases amounting to Rs 418.04 crore, leading to a total expenditure of Rs 1,164.53 crore, which resulted in an operating loss (PBDIT) of Rs -6.58 crore. The interest expense was substantial at Rs 113.10 crore, contributing to a profit before tax of Rs -193.34 crore, which was also the profit after tax. The earnings per share stood at Rs -15.84, reflecting the company's financial struggles. On the balance sheet, total liabilities reached Rs 1,958.08 crore, with long-term borrowings of Rs 778.25 crore and short-term borrowings of Rs 423.64 crore. The total assets were equal to total liabilities at Rs 1,958.08 crore, with a book value per share of Rs 25.31. Cash flow analysis indicated a cash outflow from operating activities of Rs -254.85 crore, although financing activities provided a net inflow of Rs 243.02 crore, resulting in a slight overall cash inflow of Rs 4.92 crore by the end of the period.

Who are the top shareholders of the Ankit Met.Power?

The top shareholders of Ankit Met.Power include Astabhuja Properties Private Limited with an 11.74% stake and individual investors holding 26.92%. All promoter holdings are pledged, and there are no mutual funds or foreign institutional investors involved.

The top shareholders of Ankit Met.Power primarily consist of promoters, with Astabhuja Properties Private Limited holding the largest stake at 11.74%. Additionally, individual investors collectively hold 26.92% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company, and all promoter holdings are pledged.

When is the next results date for Ankit Met.Power?

No Upcoming Board Meetings

Has Ankit Met.Power declared dividend?

Ankit Metal & Power Ltd has declared a 5% dividend, amounting to 0.5 per share, with an ex-date of September 16, 2008. Despite the dividend declaration, the dividend yield is 0%, and total returns have shown significant volatility, with losses in the short term and gains over the long term.

Ankit Metal & Power Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 16 Sep 08<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -37.11%, the dividend return was 0%, resulting in a total return of -37.11%.<BR><BR>In the 1 year period, the price return was -40.96%, the dividend return was 0%, leading to a total return of -40.96%.<BR><BR>In the 2 years period, the price return was -40.0%, the dividend return was 0%, which resulted in a total return of -40.0%.<BR><BR>In the 3 years period, the price return was -71.54%, the dividend return was 0%, culminating in a total return of -71.54%.<BR><BR>In the 4 years period, the price return was 76.19%, the dividend return was 0%, resulting in a total return of 76.19%.<BR><BR>In the 5 years period, the price return was 534.29%, the dividend return was 0%, leading to a total return of 534.29%.<BR><BR>Overall, while Ankit Metal & Power Ltd did declare a dividend, the dividend yield remains at 0%. The total returns over the periods indicate significant volatility, with substantial losses in the short term and impressive gains over the long term.

Should I buy, sell or hold Ankit Met.Power?