ANB Metals Cast IPO Review

ANB Metals Cast specialize in manufacturing a wide range of aluminium extrusion products, including motor bodies, various profiles, round bars, solar profiles, railings, and sliding windows. The products cater to a diverse array of industries, such as electronics, automotive, mechanical, solar, and architectural sectors. Their objective is to consistently deliver value to their customers by providing superior quality products and services at optimal costs, achieved through continuous improvement, integrity, and excellence in all aspects of the operations.

The Promoter and Managing Director, Mr. Avnishkumar Dhirajlal Gajera, has over one decade of experience in the aluminum industry, Import Export and Metal Casting. He began his career as a metals trader, gaining insights into the industry's intricacies. His passion for aluminum led him to establish the Company in 2019. His business acumen and hands-on experience have been instrumental in driving our Company’s growth and fostering innovation in the aluminum sector.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 16,263.57 Lakh, ₹ 11,215.41 Lakh and ₹ 8,427.56 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,747.44 Lakh, ₹ 1,070.76 Lakh and ₹ 314.76 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,024.71 Lakh, ₹ 533.63 Lakh and ₹ 184.63 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 12.66 and post-issue EPS of ₹ 8.66 for FY24. The pre-issue P/E ratio is 12.32x, while the post-issue P/E ratio is 18.02x against the Industry P/E ratio is 32x. The company's ROCE for FY24 is 24.13%, ROE for FY24 is 45.91% and RoNW is 45.91%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of ANB Metals Cast showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the ANB Metals Cast Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.