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Ankit Metal & Power Limited

(NSE: ANKITMETAL)

ANKITMETAL

6.5

0.10 (1.56%)

Price Chart

Price Chart

Price Summary

Today’s High

6.65

Today’s Low

6.35

52 Week's High

6.65

52 Week's Low

6.35

Company Essentials

Market Cap

100.9 Cr

CASA

NA

No. Of Shares

14.1 Cr

P/E

0.0

P/B

-0.0

Face Value

10.0

Dividend Yeild

0.0

Book Value

-52.0

Net Interest Income

5.2

Cost to Income

NA

Promoter Holdings

71.0

EPS

-5.4

CAR

NA

ROE

0.0

ROCE

-11.7

Profit Growth

NA

Peer Comparison

COMPANY

PRICE

MCAP (cr)

P/B

P/E

EPS

ROE

ROCE

NII

Ankit Metal & Power Limited

6.4

100

-0.0

0.0

-5.4

0.0

-11.7

5.2

Prakash Steelage Limited

6.35

107

-0.1

0.3

2.9

0.0

0.0

3.80 L

Kritika Wires Limited

102.5

93

1.0

76.2

0.5

1.3

4.3

16.71 L

INCREDIBLE INDUSTRIES LIMITED

23.65

109

0.8

25.0

0.8

3.1

6.7

4.48 L

Zenith Steel Pipes & Industries Limited

6.2

85

-0.0

0.0

-1.5

0.0

0.0

4.2

Gyscoal Alloys Limited

3.05

75

-0.6

0.0

-4.7

0.0

-121.4

15.1

FAQ’s on Ankit Metal & Power Limited

About

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