APL Metals Struggles in FY24: Is It Time to Move On From This Unlisted Share? | Stock Market News
APL Metals Limited., a veteran lead manufacturing company, faced significant challenges in FY24. There was a 6.96% decline in production, exports were down by 40%, and gross sales decreased by 4.23%. This was mainly due to high inflation, import costs, and global logistics issues, which negatively impacted the company's profitability.
Last year, the company reported a profit of ₹2.53 crore, but this year, it reported a loss of ₹9.84 crore. However, APL Metals Limited is now centralizing its operations, and by utilizing vacant land for commercial purposes, it is expected to gain a benefit of ₹31.50 crore.
How the company performs moving forward will depend on the results in FY25, but for now, the company is in a loss-making state. If you look at the EV/Revenue ratio, it is only 0.26x, mainly because investors are not valuing it highly, and there is little demand for it.
If you hold APL Metals unlisted shares, you can consider selling them. If you want to invest in a better opportunity, feel free to call the number provided.
About APL Metals Pre IPO:
APL Metals Ltd. ("APL Metals") is a manufacturer of lead and lead oxides. The company is engaged in the production and supply of refined lead, lead alloys and lead oxides, such as red lead, lead sub oxide, and litharge.
The company manufactures refined lead (installed capacity of 114,000 mtpa) and lead oxide units (total installed capacity of 18,780 mtpa). The company operates three manufacturing units with two manufacturing units at Panskura and Sodepur in West Bengal and one in Malwan in Uttar Pradesh.
Soon after its incorporation, the company took over two separate companies namely, 'Indian Red Lead Factory Ltd.' which was manufacturing red lead and litharge, and then 'Indian Products Lead Ltd.' which was manufacturing lead and chrome.
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