Ankit Metal & Power Limited

BSE: 532870 NSE: ANKITMETAL
Ankit Metal & Power Limited - metals and minerals in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L27101WB2002PLC094979 Incorporated 07 August 2002 ROC Kolkata HQ Kolkata, West Bengal, India
Under Insolvency Listed - NSE: ANKITMETAL · BSE: 532870 Public Limited Company metals and minerals
Data last updated
Market Cap
₹32.88 Cr
ANKITMETAL · NSE
Share Price
₹2.29
-1.72% today
Revenue
₹1,148 Cr
FY 2014-15
EBITDA
−₹16.83 Cr
Margin -1.5%
Net Profit
−₹202 Cr
FY 2014-15
Debt / Equity
3.89
Interest cover -125.0x
Authorised capital
₹141.2 Cr
Registered with MCA
Paid-up capital
₹141.11 Cr
Issued & subscribed

About Ankit Metal & Power Limited

Data last updated:

Ankit Metal & Power Limited is a public limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 August 2002.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27101WB2002PLC094979. Its GSTIN is 19AAECA5230B1Z7 (West Bengal). The company holds 3 GST registrations, of which 1 is active. Its shares are listed on BSE: 532870 and NSE: ANKITMETAL.

The company has an authorised share capital of ₹141.2 Cr and a paid-up capital of ₹141.11 Cr. It was formerly known as Ankit Steel Works Private Limited. It is led by directors including Subham Bhagat (Managing Director) and Aritro Roy.

Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Kolkata, West Bengal.

As per the latest standalone financials for FY 2022-23, the company reported a revenue of ₹853.99 Cr, a growth of 12.9% compared to the previous year. For the same year it recorded a net loss of ₹98.75 Cr (net margin -11.6%) and EBITDA of -₹63.45 Cr (EBITDA margin -7.4%). Total assets are valued at ₹226.95 Cr (down 36.7% YoY).

The company is associated with 1 brand: Ankit Metal & Power. As per MCA filings, the company has open charges of ₹5,882.5 Cr and satisfied charges of ₹52 Cr on record. Court records list 203 cases involving the company, including 101 filed by the company and 103 filed against it; 32 cases are pending. The company has 62 deals on record (51 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹368.17 Cr; the latest was in September 2015.

The last known website on record is ankitmetal.com.

Company details

CIN L27101WB2002PLC094979
Registration Number 094979
Incorporation Date 07 August 2002
ROC Kolkata
Listing Status Listed (BSE: 532870, NSE: ANKITMETAL)
Company Status Under CIRP
Date of Last AGM 28 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant

CIN history

Ankit Metal & Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27101WB2002PLC094979, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27101WB2002PLC094979Current
U27101WB2002PTC094979Previous
U27101WB2002PLC094979Previous
Key People
Subham Bhagat Managing Director Vipul Jain Cfo Aritro Roy Director

Contact details

Ankit Metal & Power Limited's registered office is in Kolkata, West Bengal. Its website is ankitmetal.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ankitmetal.com
  • Registered Address
    35, Chittaranjan Avenue India, Kolkata, West Bengal, India – 700012
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Ankit Metal & Power Limited, buy the company report.

Comprehensive company report
Ankit Metal & Power Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Ankit Metal & Power operates one associated brand: Ankit Metal & Power. Each brand links to its own profile.

BrandDescriptionWebsite
Ankit Metal & Power
Ferro alloys and steel products are manufactured in Kolkata, India.ankitmetal.com

Business activity

The main business activity of Ankit Metal & Power is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Ankit Metal & Power Limited, buy the company report.

Financials of Ankit Metal & Power Limited

FY 2022-23 filings available

Ankit Metal & Power Limited reported revenue of ₹853.99 Cr (up 12.9% YoY) for FY 2022-23.

Financial Highlights

FY 2014-15 · Consolidated
Revenue
₹1,148 Cr
EBITDA
−₹16.83 Cr
Profit After Tax
−₹202 Cr
Net Worth
₹309 Cr
Total Assets
₹1,511 Cr
Total Debt
₹1,202 Cr

Financial summary ₹ Cr

MetricsFY 2014-15
Income statement
Revenue1,148
EBITDA(16.83)
EBITDA margin-1.5%
Profit before tax(193)
Net profit(202)
Net profit margin-17.6%
EPS (₹)0.00
Balance sheet
Total assets1,511
Net worth309
Total debt1,202
Cash & bank25.01
Net working capital734
Cash flow
Cash from operations(255)
Cash from investing16.76
Cash from financing243
MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Income statement
Revenue85475741854840918623.61
Revenue growth+12.9%+81.1%-23.8%+34.0%+119.6%+689.2%-
EBITDA(63.45)(5.16)(12.78)20.26(44.77)(78.54)(244)
EBITDA margin-7.4%-0.7%-3.1%+3.7%-10.9%-42.2%-1034.2%
Profit before tax(98.75)(51.61)(75.69)(75.04)(92.28)(181)(299)
Net profit(98.75)(51.61)(75.69)(75.04)(92.28)(181)(291)
Net profit margin-11.6%-6.8%-18.1%-13.7%-22.6%-97.3%-1232.0%
EPS (₹)(7.00)(3.66)(5.36)(5.32)(6.54)0.000.00
Balance sheet
Total assets227359440538637749935
Net worth(883)(785)(734)(659)(583)(491)(309)
Total debt1,1051,1401,1701,1971,2201,2391,245
Cash & bank1.090.650.910.620.642.206.62
Net working capital(249)(133)(65.40)(12.96)33.54101246
Cash flow
Cash from operations53.9760.1027.0121213910884.10
Cash from investing(18.67)(28.35)0.040.06(0.02)4.17(5.86)
Cash from financing(34.83)(32.01)(26.78)(212)(140)(113)(80.78)
ParticularsDec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Revenue147206203262197187207239
Revenue growth (YoY)-25.5%+9.9%-2.0%+9.9%+32.1%---
Other income0.006.920.010.030.020.030.000.73
Total expenses213300248285231190212224
EBITDA(66.52)(94.46)(44.78)(22.39)(33.71)(2.90)(4.48)14.31
EBITDA margin-45.6%-49.3%-23.1%-9.4%-17.2%-2.0%-2.6%+7.2%
Depreciation9.539.368.398.209.448.649.019.43
Interest0.000.100.020.020.020.030.020.02
Profit before tax(76.05)(97.00)(53.18)(30.58)(43.15)(11.54)(13.51)5.59
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsFY 2014-15
Revenue1,148
Other income10.26
Total expenses1,165
Employee cost16.94
EBITDA(16.83)
EBITDA margin-1.5%
Depreciation73.66
Interest113
Profit before tax(193)
Tax0.00
Net profit(202)
Net profit margin-17.6%
EPS (₹)0.00
ParticularsFY 2014-15
Equity & liabilities
Share capital122
Reserves & surplus187
Shareholders' funds (net worth)309
Minority interest0.00
Secured loans1,136
Unsecured loans66.21
Total debt1,202
Total liabilities1,511
Assets
Gross block1,007
Net block776
Capital work in progress1.18
Investments0.11
Inventories653
Sundry debtors331
Cash & bank balances25.01
Loans & advances171
Total current assets1,181
Total current liabilities447
Net working capital734
Total assets1,511
ParticularsFY 2014-15
Opening cash1.02
Net cash from operating activities(255)
Net cash from investing activities16.76
Net cash from financing activities243
Net change in cash4.93
Closing cash25.01
ParticularsFY 2014-15
Growth
PBT growth+9997.0%
Profitability & leverage
Net income margin-16.9%
Return on capital employed0.0%
Return on net worth0.0%
Debt / equity3.89
Long-term debt / equity1.80
Interest cover-124.99
Efficiency & per share
Fixed asset turnover1.26
Inventory turnover1.95
Debtors turnover3.85
EPS (₹)0.00
Dividend per share (₹)0.00
Book value per share (₹)25.31
ParticularsDec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Revenue147206203262197187207239
Revenue growth (YoY)-25.5%+9.9%-2.0%+9.9%+32.1%---
Other income0.006.920.010.030.020.030.000.73
Total expenses213300248285231190212224
EBITDA(66.52)(94.46)(44.78)(22.39)(33.71)(2.90)(4.48)14.31
EBITDA margin-45.6%-49.3%-23.1%-9.4%-17.2%-2.0%-2.6%+7.2%
Depreciation9.539.368.398.209.448.649.019.43
Interest0.000.100.020.020.020.030.020.02
Profit before tax(76.05)(97.00)(53.18)(30.58)(43.15)(11.54)(13.51)5.59
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Revenue85475741854840918623.61
Revenue growth+12.9%+81.1%-23.8%+34.0%+119.6%+689.2%-
Other income0.090.770.050.060.060.170.51
Total expenses917762431528454265268
Employee cost12.5911.709.7720.6311.910.650.43
EBITDA(63.45)(5.16)(12.78)20.26(44.77)(78.54)(244)
EBITDA margin-7.4%-0.7%-3.1%+3.7%-10.9%-42.2%-1034.2%
Depreciation35.2842.4044.3151.1344.9141.2140.53
Interest0.114.8218.6544.232.6661.7215.10
Profit before tax(98.75)(51.61)(75.69)(75.04)(92.28)(181)(299)
Tax0.000.000.000.000.000.000.00
Net profit(98.75)(51.61)(75.69)(75.04)(92.28)(181)(291)
Net profit margin-11.6%-6.8%-18.1%-13.7%-22.6%-97.3%-1232.0%
EPS (₹)(7.00)(3.66)(5.36)(5.32)(6.54)0.000.00
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Equity & liabilities
Share capital141141141141141141141
Reserves & surplus(1,024)(926)(875)(800)(724)(632)(450)
Shareholders' funds (net worth)(883)(785)(734)(659)(583)(491)(309)
Secured loans1,0941,1291,1521,1771,2011,2221,222
Unsecured loans11.0311.0318.3219.6718.6517.0122.49
Total debt1,1051,1401,1701,1971,2201,2391,245
Total liabilities227359440538637749935
Assets
Gross block787787787787787787787
Net block426461504548599644685
Capital work in progress47.2028.400.000.000.000.000.00
Investments0.070.120.120.120.120.120.12
Inventories572597570531531545526
Sundry debtors61.4935.5451.33112147150255
Cash & bank balances1.090.650.910.620.642.206.62
Loans & advances84.5194.1789.3780.80149140140
Total current assets719727712724827837928
Total current liabilities968861777737793737682
Net working capital(249)(133)(65.40)(12.96)33.54101246
Total assets227359440538637749935
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Opening cash0.620.870.600.622.202.655.20
Net cash from operating activities53.9760.1027.0121213910884.10
Net cash from investing activities(18.67)(28.35)0.040.06(0.02)4.17(5.86)
Net cash from financing activities(34.83)(32.01)(26.78)(212)(140)(113)(80.78)
Net change in cash0.47(0.25)0.28(0.02)(1.57)(0.45)(2.55)
Closing cash1.090.650.910.620.642.206.62
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Growth
Sales growth+12.9%+81.1%-23.8%+34.0%+119.6%+689.2%-
EBITDA growth-1129.7%+59.6%-163.1%+145.3%+43.0%+67.8%-
PBT growth-91.3%+31.8%-0.9%+18.7%+49.1%+39.4%+16.2%
Net income growth-91.3%+31.8%-0.9%+18.7%+49.1%+37.7%-
Revenue CAGR (3Y)+15.9%+22.8%+30.9%+185.3%-24.8%-45.5%-74.8%
EBITDA CAGR (3Y)--51.3%-45.4%--34.9%+67.3%-
Profitability & leverage
Net income margin-11.6%-6.8%-18.1%-13.7%-22.6%-97.3%-1267.7%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-0.11-10.13-32.67-143.28-2.97-51.54-5.30
Efficiency & per share
Fixed asset turnover1.080.960.530.700.520.240.03
Inventory turnover1.461.300.761.030.760.350.04
Debtors turnover17.6017.425.134.242.760.930.09
EPS (₹)(7.00)(3.66)(5.36)(5.32)(6.54)0.000.00
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(62.55)(55.64)(52.03)(46.68)(41.31)(34.77)(21.92)

To see the full year-wise statements and ratios of Ankit Metal & Power Limited, buy the company report.

Board of directors and KMP of Ankit Metal & Power Limited

Ankit Metal & Power Limited currently reports 5 directors and 1 key managerial person. 25 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Vipul Jain
Also directs: Septimus Enterprises Private Limited
Cfo30 May 20224 Years 4 MonthsAs last reported
Subham BhagatManaging Director08 Mar 20215 Years 7 MonthsAs last reported
Aritro RoyDirector20 Mar 20215 Years 7 MonthsAs last reported
Satish Kumar SinghDirector14 Aug 20215 Years 2 MonthsAs last reported
Sharat MalikDirector14 Aug 20197 Years 2 MonthsAs last reported
Debasish Mukherjee
Also directs: SKP Mining Private Limited, Whitestone Suppliers Pvt Ltd, Patni Metal & Ferro Alloys Ltd and 5 more
Director14 Aug 20197 Years 2 MonthsAs last reported
View all directors and KMP

Auditor

Ankit Metal & Power Limited is audited by J.B.S & Company for the financial year 2023.

Auditor firmFinancial yearFirm registration number
J.B.S & CompanyFY 2023323734E

Shareholding

The shareholding of Ankit Metal & Power Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ankit Metal & Power Limited, buy the company report.

Charges & borrowings

Open charges
₹5,882.5 Cr
Satisfied charges
₹52 Cr
Breakdown by lending institutions
State Bank of India (Lead Bank)₹1,834.39 Cr
Indian Overseas Bank₹1,503.70 Cr
Others₹1,487.06 Cr
State Bank of India₹389.99 Cr
Allahabad Bank₹109.00 Cr
Others₹558.36 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Dec 201410552842Others₹1,280.03 CrOpen
17 Oct 201410534495State Bank of Hyderabad₹44.89 CrOpen
30 Sep 201410532658Indian Overseas Bank₹127.18 CrOpen
04 Sep 201310448688Allahabad Bank₹50 CrOpen
13 Aug 201310448021Indian Overseas Bank₹102.78 CrOpen

To see the full charge records of Ankit Metal & Power Limited, buy the company report.

Total charge records: 40 View all charges

Deals & funding

Ankit Metal & Power Limited has 62 deals on record (51 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹368.17 Cr; the latest was in September 2015.

Total deals
62
Market trades
51
Secondary share transfers
7
Funding rounds
3
IPO
1
Disclosed funding
₹368.17 Cr

Deals on record (5 of 62)

WhenDealAmountParties
Sep 2015Funding round₹38.07 CrInvestors: Astabhuja Properties Private Limited , 2 individuals
Aug 2015Market trade₹25.4 LakhBuyer: Varaprada Distributors Private Limited
Seller: Varaprada Distributors Private Limited
Aug 2015Market trade₹50 LakhSeller: Rotomac Vinimay Pvt Ltd , Singrodia Bros Holding Private Limited
May 2014Market trade₹52.8 LakhSeller: Mayank Global Finance Limited
Oct 2013Funding round₹80.1 CrInvestors: Shreyansh Leafin Pvt.Ltd. , Whitestone Suppliers Pvt Ltd , Arthodock Vinimay Pvt Ltd

To see the full deal history of Ankit Metal & Power Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Ankit Metal & Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Ankit Metal & Power has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
19AAECA5230B1Z7West BengalActive01 Jul 2017

To see the full GST registrations and return filing status of Ankit Metal & Power Limited, buy the company report.

Recent activity

Ankit Metal & Power Limited has 46 board changes on record since 2002: 26 appointments and 20 cessations. The latest: Sujata Agarwal ceased to be Director on 03 Mar 2025.

Ceased
Sujata Agarwal ceased to be Director.
AGM
Ankit Metal & Power Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.
Filing
Ankit Metal & Power Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.
Ceased
Vineeta Barmecha ceased to be Company Secretary.
Ceased
Ankit Jain ceased to be Director.
Appointed
Vipul Jain was appointed as CFO.
Appointed
Satish Kumar Singh was appointed as Director.
Charges
A charge registered on 28 Mar 2012 via Charge ID 10352948 with Sbi Global Factors Limited was fully satisfied on 23 Jun 2021.
Ceased
Ankit Patni ceased to be Managing Director.
Appointed
Aritro Roy was appointed as Director.
Appointed
Subham Bhagat was appointed as Managing Director.
Ceased
Suresh Kumar Patni ceased to be Director.

98 earlier events are in the company report.

News

Frequently asked questions

Ankit Metal & Power is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

Ankit Metal & Power is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 August 2002 and is registered under CIN L27101WB2002PLC094979. Listed on BSE: 532870 and NSE: ANKITMETAL. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Ankit Metal & Power reported revenue of ₹853.99 Cr for FY 2022-23 (up 12.9% YoY) based on standalone financials.

Ankit Metal & Power has 6 current directors and KMP:

The latest financial statements of Ankit Metal & Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from 2015 are in the company report.

The CIN (Corporate Identification Number) of Ankit Metal & Power is L27101WB2002PLC094979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ankit Metal & Power is listed on both BSE (code: 532870) and NSE (symbol: ANKITMETAL).

Ankit Metal & Power has open charges of ₹5,882.5 Cr and satisfied charges of ₹52 Cr as per latest MCA filings.

Ankit Metal & Power has 203 court cases on record: 101 filed by the company and 103 filed against it. 32 are pending. Most are in the high courts.

Ankit Metal & Power was incorporated on 07 August 2002. It is registered with the Registrar of Companies, Kolkata.