Ankit Metal & Power Limited
Ankit Metal & Power Limited manufactures and sells iron and steel products in India. The company offers sponge iron, M.S. billets, TMT bars, pig iron, silico manganese, power, ferro silicon, wire Rods, and rolled products. It serves real estate developers, construction units, forging units, wire drawing units, railways, and engineering industries. The company was incorporated in 2002 and is based… Read more
Ankit Metal & Power Limited (ANKITMETAL) - Net Assets
Latest net assets as of September 2023: ₹-10.32 Billion INR
Based on the latest financial reports, Ankit Metal & Power Limited (ANKITMETAL) has net assets worth ₹-10.32 Billion INR as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹11.78 Billion) and total liabilities (₹22.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹-10.32 Billion |
| % of Total Assets | -87.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -275.61% |
| Growth Volatility | 63.27 |
Ankit Metal & Power Limited - Net Assets Trend (2007–2023)
This chart illustrates how Ankit Metal & Power Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ankit Metal & Power Limited (2007–2023)
The table below shows the annual net assets of Ankit Metal & Power Limited from 2007 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-03-31 | ₹-8.83 Billion | -12.41% |
| 2022-03-31 | ₹-7.85 Billion | -6.95% |
| 2021-03-31 | ₹-7.34 Billion | -11.46% |
| 2020-03-31 | ₹-6.59 Billion | -13.00% |
| 2019-03-31 | ₹-5.83 Billion | -18.82% |
| 2018-03-31 | ₹-4.91 Billion | -58.61% |
| 2017-03-31 | ₹-3.09 Billion | -2966.76% |
| 2016-03-31 | ₹-100.86 Million | -103.26% |
| 2015-03-31 | ₹3.09 Billion | -38.52% |
| 2014-03-31 | ₹5.03 Billion | +0.69% |
| 2013-03-31 | ₹4.99 Billion | +11.43% |
| 2012-03-31 | ₹4.48 Billion | +62.51% |
| 2011-03-31 | ₹2.76 Billion | +95.99% |
| 2010-03-31 | ₹1.41 Billion | +17.43% |
| 2009-03-31 | ₹1.20 Billion | +5.68% |
| 2008-03-31 | ₹1.13 Billion | +115.83% |
| 2007-03-31 | ₹525.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ankit Metal & Power Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1330175900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹1.41 Billion | % |
| Other Comprehensive Income | ₹12.22 Million | % |
| Other Components | ₹3.05 Billion | % |
| Total Equity | ₹-8.83 Billion | 100.00% |
Ankit Metal & Power Limited Competitors by Market Cap
The table below lists competitors of Ankit Metal & Power Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ALPHAHELIX MOL.DIAGN. SK1
F:4MB
|
$723.25K |
|
Mentor Capital Inc.
OTCQB:MNTR
|
$723.43K |
|
Alligator Bioscience AB
ST:ATORX
|
$723.60K |
|
MICRODATA
BC:MICRODATA
|
$724.01K |
|
Hubilu Venture Corporation
PINK:HBUV
|
$721.52K |
|
Mining Global Inc
PINK:MNGG
|
$721.51K |
|
Benz Mining Corp
PINK:BENZF
|
$721.38K |
|
KORE Mining Ltd
PINK:KOREF
|
$720.91K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ankit Metal & Power Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -7,851,807,000 to -8,826,431,000, a change of -974,624,000.
- Net loss of 987,473,000 reduced equity.
- Other comprehensive income increased equity by 12,849,000.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-987.47 Million | -11.19% |
| Other Comprehensive Income | ₹12.85 Million | +0.15% |
| Total Change | ₹- | % |
Book Value vs Market Value Analysis
This analysis compares Ankit Metal & Power Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹15.97 | ₹1.53 | x |
| 2008-03-31 | ₹34.47 | ₹1.53 | x |
| 2009-03-31 | ₹36.43 | ₹1.53 | x |
| 2010-03-31 | ₹42.78 | ₹1.53 | x |
| 2011-03-31 | ₹83.85 | ₹1.53 | x |
| 2012-03-31 | ₹46.97 | ₹1.53 | x |
| 2013-03-31 | ₹52.34 | ₹1.53 | x |
| 2014-03-31 | ₹41.17 | ₹1.53 | x |
| 2015-03-31 | ₹25.31 | ₹1.53 | x |
| 2016-03-31 | ₹-0.77 | ₹1.53 | x |
| 2017-03-31 | ₹-21.92 | ₹1.53 | x |
| 2018-03-31 | ₹-34.77 | ₹1.53 | x |
| 2019-03-31 | ₹-41.31 | ₹1.53 | x |
| 2020-03-31 | ₹-46.68 | ₹1.53 | x |
| 2021-03-31 | ₹-52.03 | ₹1.53 | x |
| 2022-03-31 | ₹-55.64 | ₹1.53 | x |
| 2023-03-31 | ₹-62.55 | ₹1.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ankit Metal & Power Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.04%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 20.07% | 5.43% | 0.88x | 4.19x | ₹52.91 Million |
| 2008 | 20.13% | 8.07% | 0.92x | 2.71x | ₹114.85 Million |
| 2009 | 5.37% | 1.31% | 1.26x | 3.25x | ₹-55.40 Million |
| 2010 | 14.84% | 3.32% | 1.46x | 3.07x | ₹68.08 Million |
| 2011 | 8.80% | 3.59% | 0.87x | 2.83x | ₹-33.15 Million |
| 2012 | 7.42% | 3.59% | 0.71x | 2.89x | ₹-115.56 Million |
| 2013 | 10.25% | 4.29% | 0.72x | 3.32x | ₹12.72 Million |
| 2014 | -15.22% | -5.19% | 0.84x | 3.51x | ₹-1.27 Billion |
| 2015 | -62.57% | -16.85% | 0.59x | 6.34x | ₹-2.24 Billion |
| 2016 | 0.00% | -37.15% | 0.51x | 0.00x | ₹-3.56 Billion |
| 2017 | 0.00% | -1267.94% | 0.01x | 0.00x | ₹-2.68 Billion |
| 2018 | 0.00% | -99.20% | 0.12x | 0.00x | ₹-1.32 Billion |
| 2019 | 0.00% | -23.48% | 0.27x | 0.00x | ₹-339.73 Million |
| 2020 | 0.00% | -14.04% | 0.42x | 0.00x | ₹-91.72 Million |
| 2021 | 0.00% | -21.96% | 0.28x | 0.00x | ₹-22.87 Million |
| 2022 | 0.00% | -7.63% | 0.55x | 0.00x | ₹268.95 Million |
| 2023 | 0.00% | -13.04% | 0.63x | 0.00x | ₹-104.83 Million |
Industry Comparison
This section compares Ankit Metal & Power Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,319,221,083
- Average return on equity (ROE) among peers: 19.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ankit Metal & Power Limited (ANKITMETAL) | ₹-10.32 Billion | 20.07% | N/A | $722.48K |
| APL Apollo Tubes Limited (APLAPOLLO) | $24.64 Billion | 25.12% | 0.81x | $4.04 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $23.00K | 60.87% | 7947.74x | $1.75 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.83 Billion | 21.21% | 1.65x | $84.98 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.45 Billion | 17.08% | 3.51x | $8.02 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.38 Billion | 0.97% | 2.02x | $61.29 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $31.33 Million |
| Gallantt Ispat Limited (GALLANTT) | $1.10 Billion | 27.96% | 1.96x | $327.71 Million |
| Grand Foundry Limited (GFSTEELS) | $-57.50 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $490.54 Million | 25.50% | 2.98x | $163.26 Million |