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ANKITMETAL

ANKITMETAL

ANKITMETAL

Steel & Iron Products

6.5

0.00 (0.00%)

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Market Cap92 CrEPS-1.8High6.7
Stock P/E0.0Net Profit MarginNALow5.85
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Ankit Metal & Power Price chart

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NSE: Ankit Metal & Power

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Performance

Today’s Low

Today’s High

5.85

6.7

52W Low

52W High

5.05

21.75

Open Price6.5Volume11
Prev. Close6.5
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Fundamentals

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Market Cap92 CrROE-62.6%
P/E Ratio(TTM)0.0EPS(TTM)NA
P/B Ratio-0.1Dividend Yield0.0%
Industry P/E23.0Book Value-57.4
Face Value10.0
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About the Company

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

  • Sponge Iron
  • M.S. Billets
  • TMT Bars
  • Power
  • Pig Iron
  • Ferro Silicon

Group companies

  • Impex Metal and Ferro Alloys
  • Impex Ferro Tech
  • Rohit Ferro-Tech
Parent OrganisationAnkit Metal & Power Ltd.Managing DirectorSubham Bhagat
Founded2002NSE SymbolANKITMETAL
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Shareholding Pattern

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Peer Comparison

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