New Risk • May 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$10m (₹296.3m market cap, or US$3.52m). Minor Risk Negative equity (-₹10b). New Risk • Mar 22
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$10m (₹355.6m market cap, or US$4.13m). Minor Risk Negative equity (-₹10b). Buy Or Sell Opportunity • Feb 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to ₹3.38. The fair value is estimated to be ₹4.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last year. Earnings per share has declined by 311%. Buy Or Sell Opportunity • Dec 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₹4.87. The fair value is estimated to be ₹4.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 42%. New Risk • Oct 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (₹530.6m market cap, or US$6.32m). Minor Risks Negative equity (-₹10b). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Sep 25
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 7.8% 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 Negative equity (-₹10b). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (₹484.0m market cap, or US$5.79m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Board Change • Sep 01
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. 5 experienced directors. 1 highly experienced director. Non-Executive Director Satish Singh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 10
Ankit Metal & Power Limited Announces Resignation of Sujal Dutta as Company Secretary & Compliance Officer Ankit Metal & Power Limited announced that Mr. Sujal Dutta, Company Secretary & Compliance Officer (CS) & Key Managerial Personnel (KMP) of the company has resigned from the services of the Company with effect effective from 31 July 2024 after the closing of business hours, due to personal reasons. Buy Or Sell Opportunity • Aug 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ₹4.97. The fair value is estimated to be ₹4.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 42%. Buy Or Sell Opportunity • Jul 19
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to ₹4.25. The fair value is estimated to be ₹3.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 42%. Buy Or Sell Opportunity • Apr 22
Now 23% overvalued Over the last 90 days, the stock has fallen 8.6% to ₹4.25. The fair value is estimated to be ₹3.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 42%. Buy Or Sell Opportunity • Apr 03
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to ₹4.00. The fair value is estimated to be ₹3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 42%. Reported Earnings • Mar 25
Third quarter 2024 earnings released: ₹5.39 loss per share (vs ₹3.06 loss in 3Q 2023) Third quarter 2024 results: ₹5.39 loss per share (further deteriorated from ₹3.06 loss in 3Q 2023). Revenue: ₹1.47b (down 26% from 3Q 2023). Net loss: ₹760.6m (loss widened 76% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Announcement • Mar 14
Ankit Metal & Power Limited to Report Q3, 2024 Results on Mar 21, 2024 Ankit Metal & Power Limited announced that they will report Q3, 2024 results on Mar 21, 2024 Announcement • Dec 22
Ankit Metal & Power Limited Announces Resignation of Mr. Vipul Jain as Chief Financial Officer Ankit Metal & Power Limited announced resignation of Mr. Vipul Jain, Chief Financial Officer, effective from December 18, 2023 due to personal reasons. Reported Earnings • Nov 16
Second quarter 2024 earnings released: ₹6.87 loss per share (vs ₹0.82 loss in 2Q 2023) Second quarter 2024 results: ₹6.87 loss per share (further deteriorated from ₹0.82 loss in 2Q 2023). Revenue: ₹2.13b (up 40% from 2Q 2023). Net loss: ₹970.0m (loss widened ₹854.7m from 2Q 2023). 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 64% per year, which means it is well ahead of earnings. Announcement • Nov 08
Ankit Metal & Power Limited to Report Q2, 2024 Results on Nov 14, 2023 Ankit Metal & Power Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 14, 2023 Announcement • Sep 26
Ankit Metal & Power Limited Appoints Sujal Dutta as Company Secretary and Compliance Officer Ankit Metal & Power Limited at its meeting held on 25th September, 2023 has appointed Mr. Sujal Dutta (Membership no. ACS - 56960) as a Company Secretary and Key Managerial Personnel and also be designated as a Compliance Officer of the Company in terms of Regulation 6 of the Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with effect from 25th September, 2023. He is an Associate Member of the Institute of Company Secretaries of India having post qualification experience of more than 5 years in Secretarial Department in renowned industries. Announcement • Sep 08
Ankit Metal & Power Limited, Annual General Meeting, Sep 28, 2023 Ankit Metal & Power Limited, Annual General Meeting, Sep 28, 2023, at 13:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet, Statement of Profit and Loss of the Company for the financial year ended 31st March, 2023 and the report of the Auditors' & Directors' thereon; to appoint a Director in place of Mr. Satish Kumar Singh, who retires by rotation and being eligible, offers himself for re-appointment; to consider that the Board of Directors be and is hereby authorized to alter and vary the terms and conditions of the re-appointment and/or remuneration as may be agreed between the Board of Directors and Mr. Subham Bhagat and/or in such manner and to such extent as may be permitted or authorized in accordance with the provisions under the Act for the time being in force, subject to the same not exceeding the limits specified in Schedule V of the Companies Act, 2013; and to consider other matters. Reported Earnings • Aug 18
First quarter 2024 earnings released: ₹3.77 loss per share (vs ₹0.96 loss in 1Q 2023) First quarter 2024 results: ₹3.77 loss per share (further deteriorated from ₹0.96 loss in 1Q 2023). Revenue: ₹1.96b (up 6.4% from 1Q 2023). Net loss: ₹531.7m (loss widened 294% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Announcement • Aug 08
Ankit Metal & Power Limited to Report Q1, 2024 Results on Aug 14, 2023 Ankit Metal & Power Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 14, 2023 New Risk • Jun 16
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 7.5% 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 Negative equity (-₹8.8b). Market cap is less than US$10m (₹496.7m market cap, or US$6.07m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Jun 12
Ankit Metal & Power Limited Announces Resignation of Vishal Shah, as Company Secretary and Compliance Officer Ankit Metal & Power Limited announced that in the meeting of the Board of Directors of the Company held on 30th May, 2023, the Board has inter-alia approved the resignation of Mr. Vishal Shah, Company Secretary cum Compliance Officer of the Company with effect from 11th June, 2023. Reported Earnings • Jun 02
Full year 2023 earnings released: ₹7.00 loss per share (vs ₹3.66 loss in FY 2022) Full year 2023 results: ₹7.00 loss per share (further deteriorated from ₹3.66 loss in FY 2022). Revenue: ₹8.54b (up 13% from FY 2022). Net loss: ₹987.5m (loss widened 91% from FY 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Ankit Metal & Power Limited to Report Q4, 2023 Results on May 30, 2023 Ankit Metal & Power Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 30, 2023 Reported Earnings • Feb 14
Third quarter 2023 earnings released: ₹3.06 loss per share (vs ₹0.45 loss in 3Q 2022) Third quarter 2023 results: ₹3.06 loss per share (further deteriorated from ₹0.45 loss in 3Q 2022). Revenue: ₹1.97b (up 53% from 3Q 2022). Net loss: ₹431.5m (loss widened ₹368.3m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Ankit Metal & Power Limited to Report Q3, 2023 Results on Feb 13, 2023 Ankit Metal & Power Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Jan 04
Ankit Metal & Power Limited Appoints Vishal Shah as Company Secretary and Compliance Officer The board of directors of Ankit Metal & Power Limited at its meeting held on January 03, 2023, has appointed Mr. Vishal Shah (Membership no. ACS - 70485) as a Company Secretary and Key Managerial Personnel and also be designated as a Compliance Officer of the Company in terms of Regulation 6 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with effect from January 03, 2023. He is an Associate Member of the Institute of Company Secretaries of India having an experience of around 2 years as Management Trainee and Assistant Company Secretary. Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹0.82 loss per share (vs ₹0.83 loss in 2Q 2022) Second quarter 2023 results: ₹0.82 loss per share (improved from ₹0.83 loss in 2Q 2022). Revenue: ₹1.87b (down 3.4% from 2Q 2022). Net loss: ₹115.3m (loss narrowed 1.7% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 12
First quarter 2023 earnings released: ₹0.96 loss per share (vs ₹2.78 loss in 1Q 2022) First quarter 2023 results: ₹0.96 loss per share (up from ₹2.78 loss in 1Q 2022). Revenue: ₹2.07b (up 47% from 1Q 2022). Net loss: ₹135.1m (loss narrowed 66% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 03
Full year 2022 earnings released: ₹3.66 loss per share (vs ₹5.37 loss in FY 2021) Full year 2022 results: ₹3.66 loss per share (up from ₹5.37 loss in FY 2021). Revenue: ₹7.57b (up 81% from FY 2021). Net loss: ₹516.2m (loss narrowed 32% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Director Satish Singh was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: ₹0.45 loss per share (up from ₹1.43 loss in 3Q 2021). Revenue: ₹1.49b (up 126% from 3Q 2021). Net loss: ₹63.1m (loss narrowed 69% from 3Q 2021). Revenue exceeded analyst estimates by 1.5%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 166% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 17
Full year 2021 earnings released: ₹5.36 loss per share (vs ₹5.32 loss in FY 2020) The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2021 results: Revenue: ₹4.18b (down 24% from FY 2020). Net loss: ₹757.1m (flat on FY 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Director Satish Singh was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Mar 11
Non-Executive Chairman Suresh Patni has left the company On the 8th of March, Suresh Patni's tenure in the role of Non-Executive Chairman ended. As of December 2020, Suresh personally held only 505.00k shares (₹833k worth at the time). Suresh is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 14
Third quarter 2021 earnings released: ₹1.43 loss per share (vs ₹0.25 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹660.1m (down 41% from 3Q 2020). Net loss: ₹202.3m (down ₹237.4m from profit in 3Q 2020). Is New 90 Day High Low • Dec 14
New 90-day high: ₹1.25 The company is up 19% from its price of ₹1.05 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 25% over the same period. Reported Earnings • Nov 14
Second quarter 2021 earnings released: ₹1.48 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: ₹711.2m (down 49% from 2Q 2020). Net loss: ₹210.0m (loss widened 61% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 