Aanchal Ispat
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Aanchal Ispat Limited's board approved a preferential issue of up to 10.55 lakh fully convertible warrants to promoter Mukesh Goel at ₹82 apiece, the company said on Tuesday. The transaction will raise as much as ₹8.65 crore in cash, with 25% payable on subscription and the remainder upon conversion within 18 months. Post-conversion, Goel's holding in the steel fabricator would climb from 50.20% to 60.13%, marking a significant increase in promoter control. The board also called an extraordinary general meeting on July 23 to seek shareholder approval for the issuance and associated changes to the articles of association. The infusion comes weeks after the company closed a ₹7 crore qualified institutions placement, suggesting an accelerated push to strengthen its balance sheet.
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Aanchal Ispat Limited's board approved a preferential issue of up to 10.55 lakh fully convertible warrants to promoter Mukesh Goel at ₹82 apiece, the company said on Tuesday. The transaction will raise as much as ₹8.65 crore in cash, with 25% payable on subscription and the remainder upon conversion within 18 months. Post-conversion, Goel's holding in the steel fabricator would climb from 50.20% to 60.13%, marking a significant increase in promoter control. The board also called an extraordinary general meeting on July 23 to seek shareholder approval for the issuance and associated changes to the articles of association. The infusion comes weeks after the company closed a ₹7 crore qualified institutions placement, suggesting an accelerated push to strengthen its balance sheet.
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June 23 (Reuters) - Aanchal Ispat Ltd AANC.BO:
AANCHAL ISPAT - APPROVES ISSUE OF CONVERTIBLE WARRANTS WORTH 86.51 RUPEES MILLION
Source text: ID:nBSE6Swzwf
Further company coverage: AANC.BO
(([email protected];;))
June 23 (Reuters) - Aanchal Ispat Ltd AANC.BO:
AANCHAL ISPAT - APPROVES ISSUE OF CONVERTIBLE WARRANTS WORTH 86.51 RUPEES MILLION
Source text: ID:nBSE6Swzwf
Further company coverage: AANC.BO
(([email protected];;))
April 20 (Reuters) - Aanchal Ispat Ltd AANC.BO:
AANCHAL ISPAT LTD - TO CONSIDER PROPOSAL FOR FUND RAISING
Source text: ID:nBSEbQFF86
Further company coverage: AANC.BO
(([email protected];))
April 20 (Reuters) - Aanchal Ispat Ltd AANC.BO:
AANCHAL ISPAT LTD - TO CONSIDER PROPOSAL FOR FUND RAISING
Source text: ID:nBSEbQFF86
Further company coverage: AANC.BO
(([email protected];))
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What does Aanchal Ispat do?
Aanchal Ispat Limited manufactures Mild Steel TMT Re-bars, Structural Re-bars, and other Sectional products meeting ISI Standards for the Construction and Infrastructure Industry under ISO certification.
Who are the competitors of Aanchal Ispat?
Aanchal Ispat major competitors are Metal Coatings (I), Swastik Pipes, Shri Kanha Stainless, Mittal Sections, Grand Foundry, Rathi Bars, Tulsyan NEC. Market Cap of Aanchal Ispat is ₹39 Crs. While the median market cap of its peers are ₹38 Crs.
Is Aanchal Ispat financially stable compared to its competitors?
Aanchal Ispat seems to be less financially stable compared to its competitors. Altman Z score of Aanchal Ispat is 1.77 and is ranked 5 out of its 8 competitors.
Does Aanchal Ispat pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Aanchal Ispat latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Aanchal Ispat allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Aanchal Ispat balance sheet?
Aanchal Ispat balance sheet is weak and might have solvency issues
Is the profitablity of Aanchal Ispat improving?
The profit is oscillating. The profit of Aanchal Ispat is ₹2.02 Crs for TTM, -₹13.4 Crs for Mar 2025 and -₹6.25 Crs for Mar 2024.
Is the debt of Aanchal Ispat increasing or decreasing?
Yes, The net debt of Aanchal Ispat is increasing. Latest net debt of Aanchal Ispat is -₹4.35 Crs as of Mar-26. This is greater than Mar-25 when it was -₹6.87 Crs.
Is Aanchal Ispat stock expensive?
Yes, Aanchal Ispat is expensive. Latest PE of Aanchal Ispat is 19.42, while 3 year average PE is 1.12. Also latest EV/EBITDA of Aanchal Ispat is 40.96 while 3yr average is 1.09.
Has the share price of Aanchal Ispat grown faster than its competition?
Aanchal Ispat has given better returns compared to its competitors. Aanchal Ispat has grown at ~5106.63% over the last 3yrs while peers have grown at a median rate of -18.59%
Is the promoter bullish about Aanchal Ispat?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Aanchal Ispat is 75.0% and last quarter promoter holding is 94.97%
Are mutual funds buying/selling Aanchal Ispat?
There is Insufficient data to gauge this.