Aankondiging • Jun 25
Aanchal Ispat Limited announced that it expects to receive INR 21.6275 million in funding Aanchal Ispat Limited announced a private placement to issue 1,055,000 Fully Convertible Warrants at an issue price of INR 20.5 for the proceeds of INR 21,627,500 on June 23, 2026. Transaction involves participation of Mukesh Goel as an investor. Warrant is exercisable at price of INR 61.5 and exercisable within a period of 18 months from the date of allotment of convertible warrants. Transaction is approved by board of directors and is subject to approval of shareholders. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹50.67, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 63% over the past three years. Reported Earnings • Apr 29
Full year 2026 earnings released: EPS: ₹7.13 (vs ₹64.27 loss in FY 2025) Full year 2026 results: EPS: ₹7.13 (up from ₹64.27 loss in FY 2025). Revenue: ₹1.01b (down 33% from FY 2025). Net income: ₹20.2m (up ₹154.2m from FY 2025). Profit margin: 2.0% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Aankondiging • Apr 20
Aanchal Ispat Limited to Report Fiscal Year 2026 Results on Apr 27, 2026 Aanchal Ispat Limited announced that they will report fiscal year 2026 results on Apr 27, 2026 Reported Earnings • Jan 23
Third quarter 2026 earnings released: EPS: ₹2.01 (vs ₹1.02 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹2.01 (up from ₹1.02 loss in 3Q 2025). Revenue: ₹194.2m (down 43% from 3Q 2025). Net income: ₹5.69m (up ₹7.84m from 3Q 2025). Profit margin: 2.9% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Aankondiging • Jan 16
Aanchal Ispat Limited to Report Q3, 2026 Results on Jan 21, 2026 Aanchal Ispat Limited announced that they will report Q3, 2026 results on Jan 21, 2026 New Risk • Dec 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹26m free cash flow). Shares are highly illiquid. Earnings have declined by 9.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Market cap is less than US$10m (₹25.0m market cap, or US$279.0k). Aankondiging • Nov 08
Aanchal Ispat Limited to Report Q2, 2026 Results on Nov 14, 2025 Aanchal Ispat Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Aankondiging • Aug 04
Aanchal Ispat Limited, Annual General Meeting, Sep 01, 2025 Aanchal Ispat Limited, Annual General Meeting, Sep 01, 2025, at 13:30 Indian Standard Time. Aankondiging • Jul 28
Aanchal Ispat Limited to Report Q1, 2026 Results on Aug 02, 2025 Aanchal Ispat Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 02, 2025 Aankondiging • May 24
Aanchal Ispat Limited to Report Q4, 2025 Results on May 30, 2025 Aanchal Ispat Limited announced that they will report Q4, 2025 results on May 30, 2025 Aankondiging • May 11
Aanchal Ispat Limited Approves the Appointment of Puspendu Kayal as Company Secretary and Compliance Officer, Effective May 10, 2025 Aanchal Ispat Limited at its board Meeting held on 10 May, 2025 approved the appointment of Mr. Puspendu Kayal as Company Secretary and Compliance Officer designated as Key Managerial Personnel (KMP) of the Company with effect from 10 May, 2025. Mr. Puspendu Kayal is an associate Member of the Institute of Company Secretaries of India (ICSI). He is experienced in the field of secretarial and legal matters, listing compliance governance and has exposure of dealing with various Government Department/Organizations. Aankondiging • Apr 19
Aanchal Ispat Limited Announces Re-Constitution of Committees of the Board of Directors Aanchal Ispat Limited at the Board Meeting held on 18 April, 2025 the re-constitution of various Committees of the Board of Directors is as under: AUDIT COMMITTEE: Ms. Nilu Nigania, Chairperson, Non-Executive Independent Director; Mr. Manoj Goel, Member, Non-Executive Director; Ms. Chetna, Member, Non-Executive Independent Director; NOMINATION & REMUNERATION COMMITTEE: Ms. Nilu Nigania, Chairperson, Non-Executive Independent Director; Mr. Manoj Goel, Member, Non-Executive Director; Ms. Chetna, Member, Non-Executive Independent Director; STAKEHOLDERS RELATIONSHIP COMMITTEE: Ms. Nilu Nigania, Chairperson, Non-Executive Independent Director; Mr. Manoj Goel, Member, Non-Executive Director; Ms. Chetna, Member, Non-Executive Independent Director. Aankondiging • Apr 18
Aanchal Ispat Limited Appoints Mukesh Kumar Agarwal as the Chief Financial Officer, Effective April 18, 2025 Aanchal Ispat Limited at its board meeting held on April 18, 2025 approved appointment of Mr. Mukesh Kumar Agarwal as the Chief Financial Officer of the Company pursuant to the provisions of Section 203 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 effective 18th April, 2025. Date of birth is October 6, 1988. Mr. Mukesh Agarwal is a member of the Institute of Chartered Accountants of India (ICAI) with experience in the field of Accounts and Finance. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹3.43, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 82% over the past three years. New Risk • Feb 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Market cap is less than US$10m (₹103.2m market cap, or US$1.19m). Reported Earnings • Feb 01
Third quarter 2025 earnings released: ₹0.10 loss per share (vs ₹0.98 loss in 3Q 2024) Third quarter 2025 results: ₹0.10 loss per share (improved from ₹0.98 loss in 3Q 2024). Revenue: ₹338.4m (up 305% from 3Q 2024). Net loss: ₹2.14m (loss narrowed 90% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Aankondiging • Jan 27
Aanchal Ispat Limited to Report Q3, 2025 Results on Jan 31, 2025 Aanchal Ispat Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: ₹0.07 loss per share (vs ₹1.70 loss in 2Q 2024) Second quarter 2025 results: ₹0.07 loss per share (improved from ₹1.70 loss in 2Q 2024). Revenue: ₹387.4m (up 329% from 2Q 2024). Net loss: ₹1.54m (loss narrowed 96% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 13
Aanchal Ispat Limited, Annual General Meeting, Sep 30, 2024 Aanchal Ispat Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹0.01 (vs ₹0.89 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.01 (up from ₹0.89 loss in 1Q 2024). Revenue: ₹440.8m (down 1.4% from 1Q 2024). Net income: ₹111.0k (up ₹18.8m from 1Q 2024). Profit margin: 0% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Jun 04
Full year 2024 earnings released: ₹3.00 loss per share (vs ₹11.25 loss in FY 2023) Full year 2024 results: ₹3.00 loss per share (improved from ₹11.25 loss in FY 2023). Revenue: ₹1.09b (down 44% from FY 2023). Net loss: ₹62.5m (loss narrowed 73% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • May 30
Aanchal Ispat Limited to Report Q4, 2024 Results on May 30, 2024 Aanchal Ispat Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (₹116.6m market cap, or US$1.40m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Buy Or Sell Opportunity • Apr 02
Now 26% overvalued Over the last 90 days, the stock has fallen 22% to ₹6.64. The fair value is estimated to be ₹5.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 60%. Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.98 loss per share (vs ₹1.19 loss in 3Q 2023) Third quarter 2024 results: ₹0.98 loss per share (improved from ₹1.19 loss in 3Q 2023). Revenue: ₹83.6m (down 79% from 3Q 2023). Net loss: ₹20.5m (loss narrowed 17% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Feb 08
Aanchal Ispat Limited to Report Q3, 2024 Results on Feb 13, 2024 Aanchal Ispat Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Dec 21
Second quarter 2024 earnings released: ₹1.70 loss per share (vs ₹0.85 loss in 2Q 2023) Second quarter 2024 results: ₹1.70 loss per share (further deteriorated from ₹0.85 loss in 2Q 2023). Revenue: ₹90.4m (down 83% from 2Q 2023). Net loss: ₹35.4m (loss widened 99% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Aankondiging • Sep 14
Aanchal Ispat Limited Announces Resignation of Puja Kaul as Company Secretary and Compliance Officer Aanchal Ispat Limited announced that Ms. Puja Kaul has tendered her resignation from the post of Company Secretary and Compliance Officer of the Company due to personal reasons with effect from close of working hours on September 12, 2023. Aankondiging • Sep 09
Aanchal Ispat Limited, Annual General Meeting, Sep 28, 2023 Aanchal Ispat Limited, Annual General Meeting, Sep 28, 2023, at 13:00 Indian Standard Time. Agenda: To consider and approve the Audited financial statement of the Company for the year ended 31 March 2023; to consider appointment of Director in place of Mr. Manoj Goel; to consider ratification of remuneration payable to Mr. Rana Ghosh, the cost auditor of the Company; and to consider reappointment of Ms. Nilu Nigania as an Independent Director. Reported Earnings • Aug 15
First quarter 2024 earnings released: ₹0.89 loss per share (vs ₹1.26 loss in 1Q 2023) First quarter 2024 results: ₹0.89 loss per share (improved from ₹1.26 loss in 1Q 2023). Revenue: ₹447.3m (down 1.0% from 1Q 2023). Net loss: ₹18.6m (loss narrowed 29% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Aankondiging • Aug 08
Aanchal Ispat Limited to Report Q1, 2024 Results on Aug 14, 2023 Aanchal Ispat Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 04
Full year 2023 earnings released: ₹11.25 loss per share (vs ₹1.68 loss in FY 2022) Full year 2023 results: ₹11.25 loss per share (further deteriorated from ₹1.68 loss in FY 2022). Revenue: ₹1.95b (up 14% from FY 2022). Net loss: ₹234.6m (loss widened ₹199.3m from FY 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Aankondiging • May 25
Aanchal Ispat Limited to Report Q4, 2023 Results on May 30, 2023 Aanchal Ispat Limited announced that they will report Q4, 2023 results on May 30, 2023 Aankondiging • Feb 09
Aanchal Ispat Limited to Report Q3, 2023 Results on Feb 14, 2023 Aanchal Ispat Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Aankondiging • Dec 13
Aanchal Ispat Limited Announces Resignation of Vijay Srivastava as Executive Director Aanchal Ispat Limited announced that Mr. Vijay Srivastava has resigned from the post of Executive Director of the Company with effect from 13th December,2022. Reason for Resignation: Due to my pre-occupation elsewhere. Aankondiging • Nov 04
Aanchal Ispat Limited to Report Q2, 2023 Results on Nov 10, 2022 Aanchal Ispat Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Aankondiging • Sep 15
Aanchal Ispat Limited, Annual General Meeting, Sep 30, 2022 Aanchal Ispat Limited, Annual General Meeting, Sep 30, 2022, at 13:00 Indian Standard Time. Agenda: To consider and adopt the audited financial statement of the company for the year ended March 31, 2022; to consider and appoint Mr. Manoj Goel; to consider the ratification of remuneration payable to Mr. Rana Ghosh the cost auditor of the company for the financial year 2022-23; and to consider other matter also. Reported Earnings • Aug 18
First quarter 2023 earnings released: ₹1.26 loss per share (vs ₹0.80 loss in 1Q 2022) First quarter 2023 results: ₹1.26 loss per share (down from ₹0.80 loss in 1Q 2022). Revenue: ₹451.6m (up 41% from 1Q 2022). Net loss: ₹26.2m (loss widened 56% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Aankondiging • Aug 07
Aanchal Ispat Limited to Report Q1, 2023 Results on Aug 13, 2022 Aanchal Ispat Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Aankondiging • May 24
Aanchal Ispat Limited to Report Q4, 2022 Results on May 30, 2022 Aanchal Ispat Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Business Development Officer & Executive Director Vijay Srivastava was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.46 loss per share (up from ₹0.58 loss in 3Q 2021). Revenue: ₹578.4m (up 58% from 3Q 2021). Net loss: ₹9.57m (loss narrowed 21% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Nov 21
Second quarter 2022 earnings released: ₹0.64 loss per share (vs ₹1.25 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹380.1m (up 14% from 2Q 2021). Net loss: ₹13.2m (loss narrowed 49% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Board Change • Sep 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Business Development Officer & Executive Director Vijay Srivastava was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Nilu Nigania was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Nilu Nigania was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Executive Departure • Aug 28
Independent Non-Executive Director Babita Bagga has left the company On the 23rd of August, Babita Bagga's tenure as Independent Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Babita's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 20
Full year 2021 earnings released: ₹2.57 loss per share (vs ₹3.97 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹1.24b (down 27% from FY 2020). Net loss: ₹53.9m (loss narrowed 35% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 20
Third quarter 2021 earnings released: ₹0.58 loss per share (vs ₹0.66 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹365.2m (up 18% from 3Q 2020). Net loss: ₹12.1m (loss narrowed 12% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 07
Aanchal Ispat Limited to Report Q3, 2021 Results on Feb 13, 2021 Aanchal Ispat Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 11
New 90-day high: ₹5.77 The company is up 28% from its price of ₹4.51 on 13 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 60% over the same period. Reported Earnings • Dec 16
Second quarter 2021 earnings released: ₹1.25 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: ₹335.1m (down 24% from 2Q 2020). Net loss: ₹26.0m (loss widened 15% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 24
Aanchal Ispat Limited, Annual General Meeting, Dec 15, 2020 Aanchal Ispat Limited, Annual General Meeting, Dec 15, 2020, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statements of the company for the year ended 31st March, 2020, the statement of profit and loss account for the year ended on that date together with the reports of the board of directors and auditors thereon and the report on secretarial audit; to appoint a director in place of Mr. Manoj Goel(din: 00554986), who retires by rotation and being eligible, offers himself for re-appointment; to appoint m/s. Rajesh Jalan & associates as statutory auditors from conclusion of this annual general meeting to the conclusion of thirtieth (30th ) annual general meeting and to fix their remuneration and in this regard, to consider and if thought fit to pass the following resolution as an ordinary resolution; and to consider other matters. Reported Earnings • Nov 10
First quarter 2021 earnings released: ₹0.02 loss per share The company reported a soft first quarter result with weaker revenues and control over expenses, though losses reduced. First quarter 2021 results: Revenue: ₹111.2m (down 82% from 1Q 2020). Net loss: ₹5.10m (loss narrowed 10% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Aankondiging • Oct 30
Aanchal Ispat Limited Announces Resignation of Minu Agarwal as Company Secretary and Compliance Officer Aanchal Ispat Limited announced that Ms. Minu Agarwal, Company Secretary and Compliance Officer of the Company has tendered her resignation with effect from close of working hours on 29th October, 2020. Is New 90 Day High Low • Oct 27
New 90-day low: ₹4.14 The company is down 18% from its price of ₹5.06 on 29 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹4.59 The company is down 31% from its price of ₹6.66 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 15% over the same period. 