Company Overview

Ankit Metal & Power Limited (AMPL) was originally incorporated as Ankit Steel Works Private Limited in 2002 and later renamed to Ankit Metal & Power Private Limited on 9th July 2004. The company transformed into a Public Limited Company on 31st August 2004, adopting its current name Ankit Metal & Power Limited. The company manufactures and sells iron and steel products in India and was incorporated in 2002 with its headquarters based in Kolkata, India.

The company has established itself as a well-known figure in the Iron & Steel sector with a strong presence as a quality Ferro Alloy provider to the steel industry in India and worldwide. Ankit Metal & Power Limited was launched in 2005 as an Integrated Steel Plant designed to produce 100,000 MTPA of rolled products comprising of Sponge Iron, Steel Melting Shop, Billets and Rolling Mill along with a 12.5 MW Captive Power Plant.

Business Operations and Manufacturing Facilities

The company's plant is strategically located at Jorehira in Bankura District of West Bengal with a capacity to produce 100,000 MTPA of rolled products (TMT), along with intermediate products including Sponge Iron, M.S. Ingots/Billets and operates a 12.5 MW Captive Power Plant. The integrated steel plant is situated at village Chhatna, Jorehira in Bankura District of West Bengal and comprises a 1,05,000 TPA Sponge Iron Plant, 65,140 TPA Billet Casting Plant, 1,00,000 TPA Re-Rolling Mill, 8.5 MW Waste Heat Recovery Based (WHRB) captive power plant, and a 4 MW atmospheric fluidized bed combustion unit.

The company's product portfolio includes sponge iron, M.S. billets, TMT bars, pig iron, silico manganese, power, ferro silicon, wire rods, and rolled products. Having operationalized its Sponge Iron unit in October 2005, the company has successfully implemented all facilities and currently produces 100,000 MT of TMT bars (ISI Certified) annually under the brand name 'ANKIT TMT'.

Target Markets and Applications

The company serves diverse industries including real estate developers, construction units, forging units, wire drawing units, railways, and engineering industries. Its products find applications in bridges, flyovers, high-rise buildings, and even in areas of high humidity, cyclone-prone areas, and seismic-prone areas.

Financial Performance and Market Position

Based on the latest available financial data:

- Market Capitalization: ₹30.34 Cr (as of 8th May 2025)

- Revenue: ₹818 Cr

- Net Loss (TTM): ₹257 Cr

- Q3 2024 Performance:

- Net Loss: ₹760.6m

- Loss per Share: ₹5.39

- Revenue decrease by 26% from the same quarter last year.

Stock Performance

- 52-week high: ₹5.39

- 52-week low: ₹1.85

- Recent Trend:

- Decreased by 39.72% over the past 6 months.

- Decreased by 47.16% in the last one year.

Corporate Structure and Management

- Promoter Holding: 71.02% (as of March 2024), stable from the previous year.

- Leadership: Chairman and Managing Director Subham Bhagat.

- Capital:

- Authorized Share Capital: ₹1,412,000,000

- Paid-up Capital: ₹1,411,105,000

Power Generation Capabilities

The company operates a Captive Power Plant that combines Waste Heat Recovery Based and AFBC technologies. This setup enables power generation at lower costs compared to state utilities, contributing to overall lower production costs. The company generates power from its Captive Power Plant as an integral part of its operations.

Current Status and Challenges

- Status: Under CIRP (Corporate Insolvency Resolution Process) as per corporate records.

- Contingent Liabilities: ₹934 Cr.

- Financial Stability: Appears challenging, with an Altman Z score of -2.1, ranking 7th out of 8 competitors.

The company continues to operate in the competitive iron and steel sector, leveraging its integrated manufacturing capabilities and strategic location in West Bengal to serve various industrial segments across India.