BSE: 538812 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aanchal Ispat Ltd is a below average quality company.
The key valuation ratios of Aanchal Ispat Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aanchal Ispat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.7% | 9.9% | 9.1% | 8.6% | 11.6% | -3.3% | 0.4% | 1.7% | -23.7% | -4.8% | - |
| Value Creation Index ⓘ | -0.5 | -0.3 | -0.4 | -0.4 | -0.2 | -1.2 | -1.0 | -0.9 | -2.7 | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 191 | 227 | 279 | 385 | 353 | 170 | 121 | 170 | 194 | 109 | 138 |
| Sales YoY Gr. | - | 18.9% | 23.2% | 37.7% | -8.2% | -51.7% | -29% | 40.5% | 14.1% | -43.7% | - |
| Adj EPS ⓘ | 0.2 | 0.5 | 0.6 | 0.7 | 1.4 | -4 | -2.6 | -2.1 | -11.3 | -3 | -0.5 |
| YoY Gr. | - | 157.9% | 20.4% | 11.9% | 113.6% | -381.6% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 18.8 | 19.3 | 19.9 | 20.6 | 21.9 | 18 | 15.4 | 13.7 | 2.4 | -0.6 | -0.6 |
| Adj Net Profit ⓘ | 0.4 | 1 | 1.2 | 1.4 | 3 | -8.3 | -5.4 | -4.3 | -23.6 | -6.3 | -1 |
| Cash Flow from Ops. ⓘ | -5.6 | 4.7 | -5.2 | 4.9 | 3 | -16.9 | -4.5 | 2.2 | 2.2 | 6.3 | - |
| Debt/CF from Ops. ⓘ | -4.2 | 5.8 | -7.5 | 8.1 | 15.3 | -3.7 | -15.6 | 35.5 | 36.8 | 13.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -6% | -20.9% | -3.3% | -43.7% | ||||
| Adj EPS ⓘ | -235.9% | -216.3% | NA | NA | ||||
| BVPSⓘ | -167.7% | -148% | -133.1% | -123% | ||||
| Share Price | -11.7% | -16.8% | -32.7% | -42.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.2 | 2.6 | 2.5 | 2.3 | 4.7 | -13.7 | -10.1 | -8.9 | -67.3 | -31.2 | 79.7 |
| Op. Profit Mgn % ⓘ | 2.6 | 2.6 | 2.2 | 1.9 | 2.9 | -2.5 | -1.9 | -1.8 | -11.8 | -3.2 | -1.8 |
| Net Profit Mgn % ⓘ | 0.2 | 0.5 | 0.4 | 0.4 | 0.8 | -4.9 | -4.5 | -2.5 | -12.1 | -5.7 | -0.7 |
| Debt to Equity ⓘ | 0.6 | 0.7 | 1 | 0.9 | 1 | 1.7 | 2.2 | 2.7 | 15.9 | -72.7 | 0 |
| Working Cap Days ⓘ | 131 | 132 | 126 | 105 | 118 | 223 | 310 | 225 | 170 | 256 | 85 |
| Cash Conv. Cycle ⓘ | 89 | 95 | 86 | 65 | 72 | 161 | 266 | 193 | 150 | 226 | -18 |
Return on Equity has increased versus last 3 years average to 79.70%
Sales growth is good in last 4 quarters at 58.34%
Sales growth has been subdued in last 3 years -3.33%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.5 | - |
| TTM Sales (₹ Cr.) | 138 | - |
| BVPS (₹.) ⓘ | -0.6 | - |
| Reserves (₹ Cr.) ⓘ | -22 | - |
| P/BV ⓘ | -8.33 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 4.81 / 9.60 |
| All Time Low / High (₹) | 3.55 / 28.55 |
| Market Cap (₹ Cr.) | 10.8 |
| Equity (₹ Cr.) | 20.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 22.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 190.68 | 226.66 | 279.25 | 384.51 | 352.99 | 170.43 | 121.04 | 170.05 | 194.06 | 109.35 |
| Operating Expenses ⓘ | 185.73 | 220.84 | 273.01 | 377.34 | 342.87 | 174.66 | 123.32 | 173.11 | 216.89 | 112.79 |
| Manufacturing Costs | 7.34 | 14.72 | 8.16 | 12.54 | 10.73 | 15.34 | 7.69 | 7.07 | 9.95 | 8.44 |
| Material Costs | 176.54 | 204.54 | 259.85 | 358.27 | 327.49 | 154.76 | 112.93 | 162.77 | 181.89 | 99.49 |
| Employee Cost | 0.59 | 0.70 | 0.99 | 1.38 | 1.75 | 1.51 | 1.12 | 1.24 | 1.74 | 2.37 |
| Other Costs ⓘ | 1.26 | 0.89 | 4.01 | 5.15 | 2.90 | 3.06 | 1.59 | 2.03 | 23.31 | 2.48 |
| Operating Profit ⓘ | 4.95 | 5.82 | 6.24 | 7.17 | 10.12 | -4.23 | -2.28 | -3.06 | -22.83 | -3.44 |
| Operating Profit Margin (%) | 2.6% | 2.6% | 2.2% | 1.9% | 2.9% | -2.5% | -1.9% | -1.8% | -11.8% | -3.1% |
| Other Income ⓘ | 0.08 | 1.12 | 0.99 | 0.59 | 0.69 | 1.80 | 3.27 | 4.36 | 0.47 | 0.04 |
| Interest ⓘ | 3.73 | 4.96 | 4.73 | 4.80 | 5.79 | 5.15 | 6.74 | 6.58 | 7.68 | 3.51 |
| Depreciation ⓘ | 0.64 | 0.52 | 0.49 | 0.73 | 0.75 | 0.74 | 0.62 | 0.62 | 0.64 | 0.63 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.13 | 0.20 | 0 |
| Profit Before Tax ⓘ | 0.66 | 1.47 | 2.02 | 2.23 | 4.27 | -8.32 | -6.37 | -4.76 | -30.47 | -7.54 |
| Tax ⓘ | 0.27 | 0.46 | 0.78 | 0.90 | 1.47 | -0.03 | -0.98 | -1.23 | -7.02 | -1.29 |
| Profit After Tax | 0.39 | 1 | 1.24 | 1.33 | 2.80 | -8.29 | -5.39 | -3.53 | -23.46 | -6.25 |
| PAT Margin (%) | 0.2% | 0.4% | 0.4% | 0.3% | 0.8% | -4.9% | -4.4% | -2.1% | -12.1% | -5.7% |
| Adjusted EPS (₹) | 0.2 | 0.5 | 0.6 | 0.6 | 1.3 | -4.0 | -2.6 | -1.7 | -11.3 | -3.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 39.20 | 40.21 | 60.38 | 61.69 | 64.42 | 55.99 | 50.47 | 46.80 | 23.21 | 16.82 |
| Share Capital ⓘ | 20.85 | 20.85 | 20.85 | 20.85 | 20.85 | 20.85 | 20.85 | 20.85 | 20.85 | 20.85 |
| Reserves ⓘ | 18.35 | 19.35 | 39.53 | 40.84 | 43.57 | 35.14 | 29.62 | 25.95 | 2.36 | -4.03 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 23.27 | 27.20 | 38.89 | 39.91 | 45.44 | 61.78 | 70.81 | 74.70 | 69.78 | 14.66 |
| Long Term Debt | 0.57 | 0.39 | 2.53 | 4.24 | 0.97 | 0.69 | 60.04 | 60.64 | 55.70 | 0 |
| Short Term Debt | 22.70 | 26.81 | 36.37 | 35.66 | 44.47 | 61.09 | 10.78 | 14.06 | 14.08 | 14.66 |
| Trade Payables | 23.40 | 28.47 | 28.44 | 42.06 | 29.95 | 6.85 | 3.65 | 4.71 | 0.98 | 2.43 |
| Others Liabilities ⓘ | 4.72 | 6.83 | 5.88 | 9.91 | 4.72 | 4.38 | 7.04 | 7.09 | 9.14 | 73.58 |
| Total Liabilities ⓘ | 90.59 | 102.71 | 133.60 | 153.57 | 144.53 | 129 | 131.97 | 133.30 | 103.11 | 107.50 |
Fixed Assets | ||||||||||
| Gross Block | 10.37 | 12.03 | 31.38 | 33.05 | 33.80 | 33.67 | 34.07 | 34.10 | 34.12 | 34.06 |
| Accumulated Depreciation | 4.51 | 5.01 | 5.50 | 6.23 | 6.98 | 7.25 | 8.34 | 8.21 | 8.84 | 9.47 |
| Net Fixed Assetsⓘ | 5.86 | 7.02 | 25.88 | 26.81 | 26.82 | 26.41 | 25.73 | 25.90 | 25.28 | 24.59 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.47 | 0.48 | 0.48 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0.06 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Inventories | 25.57 | 37.12 | 35.19 | 38.06 | 31.53 | 14.40 | 20.94 | 17 | 16.15 | 11.78 |
| Trade Receivables | 53.87 | 48.98 | 58.73 | 77.45 | 67.43 | 77.47 | 73.38 | 76.84 | 54.64 | 56.49 |
| Cash Equivalents | 0.31 | 4.15 | 6.28 | 6.43 | 8.89 | 2.65 | 0.34 | 2.82 | 0.20 | 6.13 |
| Others Assetsⓘ | 4.99 | 5.44 | 7.52 | 4.81 | 9.80 | 7.98 | 11.48 | 10.18 | 6.28 | 7.94 |
| Total Assets ⓘ | 90.59 | 102.71 | 133.60 | 153.57 | 144.53 | 129 | 131.97 | 133.30 | 103.11 | 107.50 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5.64 | 4.74 | -5.23 | 4.94 | 2.98 | -16.89 | -4.54 | 2.20 | 2.20 | 6.30 |
| PBT ⓘ | 0.66 | 1.47 | 2.02 | 2.23 | 4.27 | -8.32 | -6.37 | -5.89 | -30.47 | -7.54 |
| Adjustment ⓘ | 4.31 | 4.88 | 4.62 | 4.87 | 5.90 | 5.95 | 7.35 | 7.18 | 28.92 | 4.14 |
| Changes in Working Capital ⓘ | -10.19 | -1.57 | -11.12 | -1.42 | -5.69 | -14.52 | -5.52 | 0.91 | 3.76 | 9.7 |
| Tax Paid ⓘ | -0.42 | -0.03 | -0.75 | -0.74 | -1.50 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2.36 | 0.27 | 0.13 | -1.08 | -0.36 | -0.53 | -0.07 | -1.39 | -0.15 | -0.07 |
| Capex | -0.87 | -1.70 | -0.40 | -1.67 | -0.90 | -0.53 | -0.07 | -1.39 | -0.16 | -0.07 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.50 | 1.97 | 0.53 | 0.59 | 0.54 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cash Flow From Financing Activityⓘ | 7.64 | -1.17 | 7.03 | -3.72 | -0.15 | 11.19 | 2.29 | 0.54 | -4.67 | -0.30 |
| Net Proceeds from Shares ⓘ | 16.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2.28 | -0.34 | 2.13 | 1.72 | -3.27 | -0.28 | 59.34 | 0.61 | -4.95 | -55.70 |
| Interest Paid ⓘ | -3.71 | -4.95 | -4.66 | -4.73 | -5.69 | -5.15 | -6.74 | -6.57 | -7.65 | -3.51 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2.38 | 4.11 | 9.56 | -0.71 | 8.81 | 16.62 | -50.31 | 6.49 | 7.93 | 58.91 |
| Net Cash Flow ⓘ | -0.36 | 3.84 | 1.93 | 0.15 | 2.46 | -6.24 | -2.31 | 1.35 | -2.63 | 5.93 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.24 | 2.53 | 3.03 | 3.15 | 6.32 | -19.92 | -15.49 | -11.65 | -139.47 | -317.74 |
| ROCE (%) | 7.7 | 9.85 | 9.1 | 8.6 | 11.55 | -3.33 | 0.36 | 1.74 | -23.69 | -4.77 |
| Asset Turnover Ratio | 2.56 | 2.51 | 2.37 | 2.68 | 2.37 | 1.25 | 0.93 | 1.28 | 1.64 | 1.04 |
| PAT to CFO Conversion(x) | -14.46 | 4.74 | -4.22 | 3.71 | 1.06 | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 79 | 77 | 70 | 65 | 75 | 155 | 227 | 161 | 124 | 185 |
| Inventory Days | 46 | 47 | 47 | 35 | 36 | 49 | 53 | 41 | 31 | 47 |
| Payable Days | 35 | 34 | 33 | 36 | 40 | 43 | 17 | 9 | 6 | 6 |
Aanchal Ispat was incorporated as ‘Vinita Projects Private Limited’ a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated January 30, 1996 issued by the Registrar of Companies, West Bengal. The name of the company was changed to ‘Aanchal Ispat Private Limited’ pursuant to fresh certificate of incorporation consequent upon change of name dated November 29, 2012, issued by the Registrar of Companies, West Bengal. The company was converted into a public limited company under the Companies Act and the name of the company was changed to ‘Aanchal Ispat Limited’ pursuant to certificate of incorporation consequent upon conversion to public limited company dated August 21, 2014, issued by the Registrar of Companies, West Bengal.
Currently, the company is having two manufacturing facilities, one for TMT Re-bars and other for Structural Re-bars. The company is having an installed capacity of 21000 TPA for TMT Re-bars and 24000 TPA for Structural Re-Bars. The company is also engaged in the trading of the products like Mild Steel Billets, Cement & Clinker and TMT & Structural Re-Bars.
Business area of the company
The company is engaged in manufacturing of Mild Steel TMT Re-bars, Structural Re-bars, Round and other Sectional products as per orders. Its products are broadly categorized as the Re-bars in the Steel Industry. The main applications of the products currently being manufactured are used in the Infrastructure and Construction Industry. The company’s existing manufacturing unit is ISO 9001:2008 certified from BSCIC Quality Management Systems. The products that the company manufactures conform to ISI Standard. Necessary license has been obtained from BIS being license No. CM/L 5525566 for IS:1786 and CM/L 5489992 for IS:2062.
History
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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