Ankit Metal & Power Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:53 am

Market Cap	67.2 Cr.
Current Price	4.76
High / Low	5.62/3.07
Stock P/E
Book Value	73.2
Dividend Yield	0.00 %
ROCE	34.2 %
ROE	%
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Chennai Ferrous Industries Ltd	47.2 Cr.	131	175/103	10.7	141	0.00 %	10.2 %	5.85 %	10.0
Bihar Sponge Iron Ltd	156 Cr.	17.3	26.8/10.0	14.5	5.61	0.00 %	11.0 %	%	10.0
Ashirwad Steels & Industries Ltd	47.6 Cr.	38.1	67.6/31.5	18.5	65.7	0.00 %	4.08 %	2.84 %	10.0
Vaswani Industries Ltd	143 Cr.	47.6	73.9/25.5	13.9	42.2	0.00 %	13.3 %	7.76 %	10.0
Sarda Energy & Minerals Ltd	16,548 Cr.	470	525/180	27.7	168	0.21 %	15.3 %	14.1 %	1.00
Industry Average	17,226.22 Cr	330.91		31.30	109.63	0.10%	19.34%	18.46%	7.75

All Competitor Stocks of

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	66	209	141	212	149	239	207	187	197	262	203	206	147
Expenses	74	206	182	211	145	224	212	190	231	285	248	300	213
Operating Profit	-8	3	-41	1	5	14	-4	-3	-34	-22	-45	-94	-67
OPM %	-12%	1%	-29%	0%	3%	6%	-2%	-2%	-17%	-9%	-22%	-46%	-45%
Other Income	0	0	16	0	0	1	0	0	0	0	0	7	0
Interest	3	2	2	2	1	0	0	0	0	0	0	0	0
Depreciation	9	14	12	11	10	9	9	9	9	8	8	9	10
Profit before tax	-20	-13	-39	-12	-6	6	-14	-12	-43	-31	-53	-97	-76
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-20	-13	-39	-12	-6	6	-14	-12	-43	-31	-53	-97	-76
EPS in Rs	-1.43	-0.94	-2.78	-0.83	-0.45	0.40	-0.96	-0.82	-3.06	-2.17	-3.77	-6.87	-5.39

Last Updated: September 13, 2024, 11:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 13, 2024, 11:03 am

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	926	1,193	1,476	1,148	962	24	186	409	548	418	757	854	818
Expenses	838	1,017	1,410	1,164	1,124	259	265	454	528	431	762	917	1,046
Operating Profit	88	176	65	-17	-162	-236	-79	-45	20	-13	-5	-63	-228
OPM %	10%	15%	4%	-1%	-17%	-998%	-42%	-11%	4%	-3%	-1%	-7%	-28%
Other Income	1	1	3	10	1	-8	0	0	0	0	1	0	7
Interest	35	71	115	113	135	15	62	3	44	19	5	0	0
Depreciation	14	41	60	74	61	41	41	45	51	44	42	35	35
Profit before tax	40	65	-106	-193	-357	-299	-181	-92	-75	-76	-52	-99	-257
Tax %	17%	21%	-28%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	33	51	-77	-193	-357	-299	-181	-92	-75	-76	-52	-99	-257
EPS in Rs	3.49	5.37	-6.27	-15.83	-25.30	-21.21	-12.85	-6.54	-5.32	-5.37	-3.66	-7.00	-18.20
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	54.55%	-250.98%	-150.65%	-84.97%	16.25%	39.46%	49.17%	18.48%	-1.33%	31.58%	-90.38%
Change in YoY Net Profit Growth (%)	0.00%	-305.53%	100.33%	65.68%	101.22%	23.22%	9.71%	-30.69%	-19.81%	32.91%	-121.96%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	-3%
5 Years:	36%
3 Years:	16%
TTM:	-1%

Compounded Profit Growth
10 Years:	%
5 Years:	8%
3 Years:	-12%
TTM:	-310%

Stock Price CAGR
10 Years:	1%
5 Years:	51%
3 Years:	-24%
1 Year:	6%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	95	95	122	122	141	141	141	141	141	141	141	141	141
Reserves	353	404	381	187	-151	-450	-632	-724	-800	-875	-926	-1,024	-1,173
Borrowings	605	823	834	1,201	1,252	1,245	1,239	1,220	1,197	1,170	1,140	1,105	1,105
Other Liabilities	242	334	430	447	658	682	737	793	737	781	865	973	1,105
Total Liabilities	1,295	1,656	1,766	1,957	1,899	1,618	1,485	1,430	1,275	1,216	1,219	1,195	1,178
Fixed Assets	469	706	849	776	715	685	644	599	548	504	461	426	408
CWIP	242	165	1	1	1	0	0	0	0	0	28	47	47
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	584	785	915	1,180	1,183	932	841	831	727	712	729	722	722
Total Assets	1,295	1,656	1,766	1,957	1,899	1,618	1,485	1,430	1,275	1,216	1,219	1,195	1,178

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	26	18	61	-255	46	84	108	139	212	27	60	54
Cash from Investing Activity +	-410	-200	-50	17	8	-6	4	-0	0	0	-28	-19
Cash from Financing Activity +	387	173	-13	242	-59	-81	-113	-140	-212	-27	-32	-35
Net Cash Flow	3	-8	-1	5	-5	-3	-0	-2	-0	0	-0	0

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	-517.00	-647.00	-769.00	-18.00	-163.00	-237.00	-80.00	-46.00	19.00	-14.00	-6.00	-64.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	70	79	80	105	116	3,944	293	131	74	45	17	26
Inventory Days	99	140	120	231	258	867	943	533	446	651	387	292
Days Payable	76	90	90	135	192	917	948	548	416	537	390	302
Cash Conversion Cycle	93	130	110	202	182	3,894	288	116	105	159	14	17
Working Capital Days	109	123	89	225	172	1,712	-249	-275	-354	-58	-65	-107
ROCE %	9%	11%	1%	-6%	-16%	-25%	-14%	-13%	-5%	-12%	-12%	-34%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024
Promoters	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%	71.02%
Public	28.98%	28.98%	28.98%	28.98%	28.98%	28.98%	28.98%	28.97%	28.99%	28.98%	28.99%	28.99%
No. of Shareholders	10,051	11,024	11,496	21,109	31,035	34,558	35,696	35,501	34,864	34,564	33,896	33,216

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 15
FaceValue	10.00
Basic EPS (Rs.)	-15.84
Diluted EPS (Rs.)	-15.84
Cash EPS (Rs.)	-9.80
Book Value[Excl.RevalReserv]/Share (Rs.)	25.31
Book Value[Incl.RevalReserv]/Share (Rs.)	25.31
Revenue From Operations / Share (Rs.)	94.01
PBDIT / Share (Rs.)	-0.53
PBIT / Share (Rs.)	-6.57
PBT / Share (Rs.)	-15.84
Net Profit / Share (Rs.)	-15.84
NP After MI And SOA / Share (Rs.)	-15.84
PBDIT Margin (%)	-0.57
PBIT Margin (%)	-6.99
PBT Margin (%)	-16.84
Net Profit Margin (%)	-16.84
NP After MI And SOA Margin (%)	-16.84
Return on Networth / Equity (%)	-62.56
Return on Capital Employeed (%)	-7.37
Return On Assets (%)	-9.87
Long Term Debt / Equity (X)	2.52
Total Debt / Equity (X)	3.89
Current Ratio (X)	1.36
Quick Ratio (X)	0.60
Interest Coverage Ratio (X)	-0.05
Interest Coverage Ratio (Post Tax) (X)	-0.70
Enterprise Value (Cr.)	1212.40
EV / Net Operating Revenue (X)	1.06
EV / EBITDA (X)	-184.34
MarketCap / Net Operating Revenue (X)	0.03
Price / BV (X)	0.11
Price / Net Operating Revenue (X)	0.03
EarningsYield	-5.44

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 167.99

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 3,429.20% compared to the current share price 4.76

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of as of December 21, 2024 is: 99.27

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 1,985.50% compared to the current share price 4.76

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: -40.91%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -32.42, which is a positive sign.	The stock has a low average ROCE of -9.67%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 118.25, which may not be favorable. The company has higher borrowings (1,087.38) compared to reserves (-417.69), which may suggest financial risk. The company has not shown consistent growth in sales (454.23) and profit (-129.38).

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: -16.84%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -7.37% (Industry Average ROCE: 19.34%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -62.56% (Industry Average ROE: 18.46%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -0.7
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.6
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 31.3)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 3.89
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ankit Metal & Power Ltd. is a Public Limited Listed company incorporated on 07/08/2002 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27101WB2002PLC094979 and registration number is 094979. Currently Company is involved in the business activities of Manufacture of other basic iron and steel n.e.c. Company’s Total Operating Revenue is Rs. 756.72 Cr. and Equity Capital is Rs. 141.11 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Steel - Sponge Iron	35, Chittranjan Avenue, Kolkata West Bengal 700012	cs@ankitmetal.com http://www.ankitmetal.com

Management
Name	Position Held
Mr. Subham Bhagat	Chairman & Managing Director
Mr. Satish Kumar Singh	Non Executive Director
Mr. Aritro Roy	Independent Director
Mrs. Sujata Agarwal	Independent Director
Mr. Sharat Malik	Independent Director
Mr. Debasish Mukherjee	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹167.99, which is 3429.20% higher than the current market price of ₹4.76. The stock has a market capitalization of 67.2 Cr. and recorded a high/low of 5.62/3.07 during the current fiscal year 2024-2025. As of Sep 2023, the company has reserves of ₹-1,173 Cr and total liabilities of ₹1,178 Cr.

What is the Market Cap of ?

The Market Cap of is 67.2 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 4.76.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 5.62/3.07.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 73.2.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 34.2 %.

What is the ROE of ?

The ROE of is %.

What is the Face Value of ?

The Face Value of is 10.0.