About ANB Metals Cast Limited

BUSINESS OVERVIEW

ANB Metals Cast is engaged in the manufacturing of a wide range of aluminium extrusion products, including motor bodies, profiles, round bars, solar profiles, railings, and sliding windows. These products serve multiple industries such as electronics, automotive, mechanical, solar, and architecture.

The 50,000 sq. ft. manufacturing facility is located in Rajkot, Gujarat, and is dedicated to aluminium extrusions and non-ferrous metal alloys. Products meet major industry specifications and are tailored to specific customer needs, featuring various profiles, finishes, tolerances, and tempers.

The company also produces hardware items, engineering products, kitchen profiles, and customized channels, sections, flat bars, and tubes. Custom-made dies, owned and regularly expanded based on client requirements, enable flexibility in design and production.

Aluminium-based metal scrap is the primary raw material, sourced both domestically and internationally. Applications include solar panel frames, automotive parts, MCBs, PCBs, aluminum doors, and kitchen systems.

A dedicated in-house quality control laboratory ensures strict pre- and post-production checks to meet diverse client expectations. The company emphasizes technological advancement, product quality, and operational excellence to remain competitive.

Certifications held:

• ISO 9001:2015 – Quality Management System

• ISO 14001:2015 – Environmental Management System

• ISO 45001:2018 – Occupational Health & Safety Management System

As on July 15, 2025 the company have the total 23 Employees. The Banker to the company is HDFC Bank Limited.

INDUSTRY ANALYSIS

Indian Aluminum Industry – Market Overview and Growth Outlook

India has emerged as a global powerhouse in the aluminum sector, currently ranking as the third-largest producer and consumer of aluminum worldwide. Despite having the second-largest production capacity, the country imports nearly 58% of its aluminum requirements, even as it exports 2 million tonnes of primary metal. India also imports 1.3 million tonnes of aluminum scrap, highlighting a stark supply-demand disparity within domestic recycling and processing infrastructure.

The industry plays a significant socio-economic role, employing around 8 lakh people directly and indirectly, with direct employment costs amounting to ₹6,000 crore. A unique advantage for India is its fully integrated aluminum operations—from bauxite mining to finished goods—spanning across rural and urban centers.

Production Trends and Mineral Support

India’s aluminum industry growth is supported by robust mining activities. In FY 2023–24, the country produced 275 MMT of iron ore and 450 MMT of limestone, together accounting for 80% of the total MCDR mineral production by value. The Q1 FY 2024–25 figures show continued momentum with iron ore production rising by 9.7% and limestone by 1.8%, reflecting strong demand from steel and cement sectors. In the non-ferrous segment, primary aluminum production grew by 1.2% year-over-year, reaching 10.43 lakh tonnes during April–June 2024.

India is currently the second-largest producer of aluminum, third-largest for lime, and fourth-largest for iron ore globally. These rankings underscore its strategic mineral wealth and the strong upstream ecosystem supporting aluminum production.

Key Drivers of Demand

Aluminum is increasingly vital across sectors such as energy, construction, transportation, packaging, and consumer goods due to its lightweight, corrosion resistance, and recyclability. Its usage is surging in automobiles, particularly as manufacturers focus on lightweight materials to meet fuel efficiency norms and electric vehicle goals. Government schemes such as ‘Make in India’, ‘Housing for All’, ‘Smart Cities’, National Infrastructure Pipeline (₹100 lakh crore), 100% rural electrification, and FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) are all set to boost aluminum consumption significantly.

Although India holds the fifth-largest coal and eighth-largest bauxite reserves globally, bauxite and power together account for 75% of aluminum production costs, making efficient resource utilization a critical factor. With a per capita consumption of just 2.8 kg, compared to the global average of 12 kg and China’s 26 kg, India’s latent demand offers immense growth potential.

Aluminum Consumption & End-Use

Aluminum's primary domestic application is in the Electrical sector (48%), followed by Automobiles & Transport (15%), Construction (13%), and Consumer Durables and Packaging. India's focus on replacing copper with aluminum in power transmission has significantly enhanced demand, with nearly 600 cable and conductor manufacturers operating across the country.

India’s per capita aluminum consumption still trails behind, and to reach the global average of 11 kg, an additional annual consumption of 16 million tonnes is required. This would position India as the second-largest consumer globally.

Aluminum Extrusion and Fabrication

The Indian aluminum extrusion market, currently at 3.73 lakh tonnes annually, is expected to more than double to 8.5 lakh tonnes by 2030, driven by a CAGR of 5%. The sector is dominated by the building and construction industry (over 50%), with electrical and electronics accounting for 15%. Increasing adoption of lightweight components in transportation and industrial equipment is likely to fuel future demand.

Extruded aluminum products are critical for window and door frames, staircase railings, and structural fittings, which are rapidly replacing wood and steel in modern infrastructure due to durability, corrosion resistance, low maintenance, and aesthetic appeal. The use of anodized aluminum in both commercial and residential buildings continues to rise with urbanization.

Die Casting Market Dynamics

India hosts over 400 die-casting companies, including 25 major producers, with significant output potential. Despite producing 1.3 million tonnes of aluminum, only 0.28 million tonnes is used for die casting, indicating significant untapped potential. The Asia-Pacific region, especially India, is becoming a key hub for pressure die-cast automotive components, owing to low labor costs, high domestic demand, and the push for lightweight electric vehicles.

Automotive and Solar Growth Linkages

The Indian automotive industry, contributing 7.1% to GDP, is a critical aluminum consumer, especially as electric vehicles and fuel-efficient designs demand lightweight materials. India’s vision to scale its auto industry to ₹15 lakh crore by 2024, backed by FDI inflows of $33.77 billion, will further boost aluminum demand.

In parallel, India’s solar panel manufacturing capacity is projected to quadruple by 2025. Government initiatives like Basic Customs Duty on imported solar cells, the Green Energy Corridor, and plans for 500 GW of non-fossil fuel electricity by 2030 create significant demand for aluminum components used in solar module frames, structures, and panels.

Medical Equipment and Global Trends

While the medical equipment segment in India is still nascent, it is growing, particularly in the consumables space. As global demand for aluminum components in diagnostic devices and medical infrastructure increases, India has the potential to emerge as a key exporter, leveraging its manufacturing base.

Outlook and Strategic Positioning

India’s aluminum industry is entering a high-growth phase, driven by its rich mineral base, integrated operations, and increasing sectoral linkages. With plans to expand aluminum capacity from 4 MTPA to 12 MTPA by 2030, and aluminum already contributing to 2% of India’s manufacturing GDP, the sector’s strategic importance is undeniable.

The outlook for aluminum extrusion is particularly strong, with mergers, acquisitions, and technology upgrades reshaping the market. Regulatory frameworks around mining and emissions will continue to influence growth, but innovation in alloys and extruding techniques offers ample headroom for expansion.

India’s aluminum industry is not only well-equipped to meet rising domestic demand but also to serve as a global supplier for critical applications in infrastructure, automotive, energy, and defense. The journey from being a mineral-rich country to a value-added aluminum powerhouse is already underway.

BUSINESS STRENGTHS

1. Diverse Product Portfolio
ANB Metals Cast aims to become a one-stop solution for non-ferrous metal products, with a strong emphasis on aluminum extrusions. A broad and customizable product range, backed by an extensive die inventory, enables responsiveness to evolving market demands and minimizes dependency on any single industry.

2. Customization & Flexibility
The company offers tailor-made aluminum profiles in various sizes, shapes, and finishes, catering to specific industry requirements. A large collection of proprietary dies allows continuous expansion of design offerings, enhancing customer satisfaction and market adaptability.

3. Reliable Raw Material Sourcing
Aluminum-based metal scrap, sourced from multiple Indian states and international markets, serves as the primary raw material. Strong supplier relationships ensure a stable and efficient procurement process for both domestic and imported inputs.

4. Optimal Resource Utilization
Operational efficiency is enhanced through process improvements, equipment modernization, and employee skill upgrades. Regular analysis of procurement and execution strategies enables streamlined operations and effective resource deployment.

5. Stringent Quality Control
A dedicated in-house quality lab ensures rigorous pre- and post-production checks, maintaining high standards of durability and precision. The company holds ISO 9001:2015 certification, reflecting adherence to international quality and environmental benchmarks.

BUSINESS STRATEGIES

1. Commitment to Quality Standards
Strategic focus remains on consistently meeting and exceeding quality standards to ensure regulatory compliance and customer satisfaction during expansion.

2. Sustaining Competitive Advantage
Executional capabilities are continuously enhanced to maintain a lead over competitors through operational improvements and product excellence.

3. Driving Cost Efficiency
Operational effectiveness is being optimized to boost production volumes, lower fixed costs, and enhance profit margins through economies of scale and better procurement leverage.

4. Expanding Production Capacity
Plans include increasing monthly aluminum extrusion capacity by 350 MT and adding value-added products to serve new customers and broaden the product portfolio.

BUSINESS RISK FACTORS & CONCERNS

1. Dependence on Aluminum Extrusion Sales
A substantial portion of revenue is generated from aluminum extrusion products used across engineering, automobile, electronics, electrical, and solar sectors. Any decline in demand or sales from these segments may materially affect financial performance. For FY 2023, 2024, and 2025, 100% of operating revenue was derived from product sales amounting to ₹8,427.46 lakhs, ₹11,212.05 lakhs, and ₹16,256.86 lakhs respectively.

2. Geographic Concentration of Manufacturing Operations
All manufacturing activities are concentrated in Rajkot, Gujarat, making operations vulnerable to regional risks such as natural disasters, weather disruptions, socio-political instability, policy shifts, or economic downturns in the region.

3. Reliance on Third-Party Logistics for Raw Materials
Procurement of essential raw materials like aluminium scrap and ingots is highly dependent on third-party transport providers. Any delays, inefficiencies, or disruptions in transportation—whether domestic or international—may negatively impact production timelines and overall operations.

Summary :
ANB Metals Cast faces key risks related to its heavy dependence on aluminum extrusion product sales, geographical concentration of its manufacturing facility in Rajkot, and reliance on third-party logistics for raw material procurement. Any adverse developments in these areas may significantly impact the company’s operations, revenue, and financial stability.