Ankit Metal & Power Ltd

Ankit Metal & Power Ltd (ANKITMETAL) is a micro-cap Metals & Mining company valued at ₹35 crore operating in Iron & Steel on the NSE and BSE.

Recent price move

Ankit Metal & Power Ltd last traded at ₹3.91, modestly down 0.51% on the day.

Recent developments

On 2024-03-31, the promoter holding remained at 71.02%, but 71.44% of these shares were pledged, indicating potential liquidity concerns. The company reported a net loss of ₹193 crore in its latest financial year, reflecting a worsening loss trend over the past three years.

Financial performance

The company's revenue grew 12.8% annually, but net profit turned into a loss of ₹99 crore, widening from a ₹52 crore loss the previous year. The latest quarter saw revenue fall 25.4% year-on-year, with the net loss widening from ₹43 crore to ₹76 crore.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at -0.02 times book value.

Things to watch

The company's net profit margin deteriorated to -11.6%, a 4.7 percentage point drop from the prior year. The debt-to-equity ratio stands at 3.89, indicating a highly leveraged position. The latest quarter's net loss widened significantly, showing continued pressure on profitability.

Where it stands

The company's business shows revenue growth but struggles with widening losses, with the latest quarter's net loss rising to ₹76 crore. The most significant movement is the widening net loss, which highlights ongoing challenges in profitability.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.