APL Metals unlisted share price

Price history

About

APL Metals Limited was incorporated on 22 December 1948 as Associated Pigments Limited and took its present name in October 2016. The registered office is at New Alipore, Kolkata. The company is listed on the Calcutta Stock Exchange, but its annual report says no shares traded there during FY24. The business is lead recycling and refining. APL melts used battery scrap and refines lead ingots into refined lead and lead alloys. It also makes lead oxides from refined lead. These are raw materials for lead-acid storage batteries. In FY24 lead made up about 89% of output and lead oxides about 11%, and total production was 38648 MT, down from 41539 MT a year earlier. It runs three plants: a lead unit at Panskura in West Bengal, a lead oxide unit on B.T. Road in Kolkata, and another lead oxide unit at Malwan near Fatehpur in Uttar Pradesh. The board has proposed to bring its manufacturing together at one location in West Bengal and to develop the vacated land for commercial or residential use. The numbers below are from the standalone FY24 annual report, in which the company reports in ₹ lakh. Revenue from operations was ₹70,256.85 lakh against ₹73,583.94 lakh in FY23. The company made a loss of ₹983.54 lakh in FY24 against a profit of ₹253.32 lakh the year before, as finance costs rose and operating profit fell. Borrowings are large compared with its equity. Promoters and the promoter group held 72.55% of the shares on 31 March 2024. Sanjiv Nandan Sahaya is the Managing Director and CEO. APL has not filed for an IPO. Its unlisted shares are dealt off-market between private parties at indicative prices, which are not exchange prices. IPO Guru shows an indicative price of ₹12.5 and a lot size of 5000 shares.