---
title: "ANG Industries Ltd (ANGIND) — Share Price, Financials & Analysis"
symbol: "ANGIND"
company: "ANG Industries Ltd"
canonical: "https://tapetide.com/stocks/ANGIND"
generated_at: "2026-10-13T11:55:55.273Z"
---

# ANG Industries Ltd (ANGIND)

Canonical page: https://tapetide.com/stocks/ANGIND

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** angindustries.com

## About

ANG Industries Limited is an India-based company, which is engaged in the manufacturing of auto components and assemblies. The Company offers products and services, including automotive components and parts, and heavy steel fabrication.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 117 to 93.3 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.0% over past five years.
- Company has a low return on equity of -64.1% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 70% | — | — |
| revenue growth | -91% | -18% | -13% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 50.13 | 47.09 | 22.2 | 18.35 | 20.97 | 23.4 | 26.88 | 8.83 | 2.86 | 1.68 | 2.17 | 0.76 |
| Expenses | 41.44 | 38.83 | 28.51 | 55.97 | 44.65 | 26.88 | 51.27 | 31.67 | 6.2 | 7.01 | 8.3 | 2.96 |
| Operating Profit | 8.69 | 8.26 | -6.31 | -37.62 | -23.68 | -3.48 | -24.39 | -22.84 | -3.34 | -5.33 | -6.13 | -2.2 |
| OPM % | 17.33 | 17.54 | -28.42 | -205.01 | -112.92 | -14.87 | -90.74 | -258.66 | -116.78 | -317.26 | -282.49 | -289.47 |
| Other Income | 0 | 0 | 0 | 0 | 0.19 | 0.03 | 0 | 0 | 0.16 | 0 | 0 | 0 |
| Interest | 4.74 | 4.12 | 3.29 | 4.32 | 2.55 | 1.6 | 0.27 | 1.8 | 1.8 | 1.23 | 1.02 | 0 |
| Depreciation | 2.1 | 2.12 | 3.29 | 4.27 | 1.83 | 1.83 | 5.2 | 2.05 | 1.45 | 1.45 | 1.69 | 1.65 |
| Profit before tax | 1.85 | 2.02 | -12.89 | -46.21 | -27.87 | -6.88 | -29.86 | -26.69 | -6.43 | -8.01 | -8.84 | -3.85 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 1.85 | 2.02 | -12.89 | -46.22 | -27.87 | -6.88 | -29.86 | -26.69 | -6.43 | -8.01 | -8.84 | -3.84 |
| EPS in Rs | 1.15 | 1.26 | -8.01 | -28.73 | -17.32 | -4.28 | -18.56 | -16.59 | -4 | -4.98 | -5.49 | -2.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 115 | 106 | 155 | 173 | 142 | 157 | 132 | 158 | 86 | 7 |
| Expenses | 97 | 91 | 132 | 141 | 125 | 134 | 113 | 143 | 181 | 24 |
| Operating Profit | 19 | 16 | 23 | 31 | 17 | 23 | 19 | 15 | -95 | -17 |
| OPM % | 16 | 15 | 15 | 18 | 12 | 15 | 15 | 10 | -111 | -228 |
| Other Income | 2 | -1 | 0 | 0 | 0 | -1 | 0 | 0 | 5 | 0 |
| Interest | 16 | 14 | 14 | 22 | 23 | 20 | 17 | 16 | 9 | 4 |
| Depreciation | 4 | 5 | 6 | 6 | 6 | 7 | 8 | 7 | 10 | 6 |
| Profit before tax | 0 | -4 | 3 | 3 | -12 | -4 | -6 | -8 | -108 | -27 |
| Tax % | 1008 | 46 | 27 | 7 | 6 | -16 | 8 | 0 | -3 | — |
| Net Profit | -1 | -6 | 2 | 3 | -13 | -4 | -6 | -8 | -106 | -27 |
| EPS in Rs | -0.94 | -5.03 | 1.49 | 2.03 | -8.29 | -2.28 | -3.73 | -5.02 | -65.62 | -16.86 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 13 | 13 | 13 | 14 | 15 | 16 | 16 | 16 | 16 |
| Reserves | 77 | 72 | 80 | 82 | 90 | 77 | 73 | 68 | 60 | -46 |
| Borrowings | 149 | 152 | 122 | 135 | 146 | 137 | 154 | 147 | 141 | 129 |
| Other Liabilities | 33 | 31 | 33 | 41 | 52 | 52 | 66 | 67 | 66 | 62 |
| Total Liabilities | 272 | 268 | 248 | 271 | 301 | 282 | 309 | 298 | 283 | 162 |
| Fixed Assets | 69 | 76 | 101 | 107 | 94 | 101 | 99 | 93 | 92 | 81 |
| CWIP | 19 | 25 | 18 | 16 | 20 | 9 | 12 | 14 | 17 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 1 |
| Other Assets | 183 | 166 | 129 | 148 | 188 | 169 | 196 | 190 | 172 | 63 |
| Total Assets | 272 | 268 | 248 | 271 | 301 | 282 | 309 | 298 | 283 | 162 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 6 | 39 | -1 | 11 | -16 | 7 | -6 | 16 | 8 |
| Cash from Investing Activity | -32 | -38 | -9 | -13 | -1 | -8 | -10 | -4 | -13 | 4 |
| Cash from Financing Activity | 72 | 3 | -39 | 13 | -5 | 18 | 4 | 6 | -7 | -14 |
| Net Cash Flow | 39 | -29 | -9 | -1 | 6 | -6 | 1 | -3 | -3 | -2 |
| Free Cash Flow | -34 | -11 | 17 | -12 | 14 | -20 | -1 | -9 | 6 | 11 |
| CFO/OP | 5 | 35 | 256 | -4 | 38 | -95 | 28 | -29 | 108 | -8 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 113 | 102 | 84 | 77 | 124 | 109 | 131 | 148 | 110 | 93 |
| Inventory Days | 281 | 410 | 416 | 303 | 303 | 354 | 356 | 426 | 315 | 52 |
| Days Payable | 111 | 91 | 121 | 125 | 150 | 165 | 204 | 259 | 195 | 136 |
| Cash Conversion Cycle | 283 | 421 | 379 | 254 | 278 | 299 | 282 | 315 | 230 | 10 |
| Working Capital Days | 246 | 353 | 290 | 233 | 260 | 260 | 269 | 308 | 228 | -25 |
| ROCE % | 17 | 7 | 8 | 8 | 11 | 4 | 7 | 5 | 4 | -64 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- |
| Promoters | 27.5% | 27.5% | 27.5% |
| FIIs | 0.06% | 0.06% | 0.06% |
| DIIs | 0.02% | 0.02% | 0.02% |
| Public | 72.42% | 72.41% | 72.42% |
| No. of Shareholders | 11763 | 10976 | 10772 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% | 27.5% |
| FIIs | 0.22% | 0.22% | 0.22% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| DIIs | 0.05% | 0.04% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 72.23% | 72.24% | 72.26% | 72.42% | 72.41% | 72.41% | 72.42% | 72.41% | 72.41% | 72.42% |
| No. of Shareholders | 11803 | 11684 | 11904 | 11763 | 11557 | 11577 | 11063 | 10976 | 10881 | 10772 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4f604fe7-6d21-4eb0-8b0c-e72ccc2b0320.pdf) |
| 2026-03-09 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d8fd56c5-aebd-4d7e-99c3-f8b19a51b890.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58e11096-8209-427c-bb20-aae58c2e18dc.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d120909-e1e0-43a0-9814-42a8ef39ee8e.pdf) |
| 2026-02-04 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ee6b540-0028-4c19-a1f1-6b08d2ef320e.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bcb089c-b760-4a2e-8924-9c33766289da.pdf) |
| 2026-01-28 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aeb2cfd1-60f1-4224-8083-119cd73c61bd.pdf) |
| 2019-02-05 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=507d911a-d041-44ea-9a64-ed8db050400e.pdf) |
| 2019-02-05 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/507d911a-d041-44ea-9a64-ed8db050400e.pdf) |
| 2019-01-28 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=085fa98b-f0fb-4418-bdb5-eeea509aaccd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bb01a6c-30fa-40ba-bb93-e1dadd031cde.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/496df6b4-be23-43a6-8d3f-87040ed1e85b.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/377c337d-660a-4873-92fd-8b3194350857.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/512179/75466512179.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/512179/72299512179.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/512179/67032512179.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/512179/5121790319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/512179/5121790318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/530721/5307210317.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/512179/5121790317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bcb089c-b760-4a2e-8924-9c33766289da.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd749419-c435-4233-b648-54a8610fa029.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/969fd609-61af-4ee5-81c1-3a1475e9f50d.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34e15f4e-8e72-4fc1-9d20-343f112bc8e7.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8122046c-73fd-46b3-bf7c-0a665b618ae7.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82f7228e-5279-4c89-85a0-f6c26abc2d32.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a448e0f1-2bfc-4a11-85b9-5cf13ef16424.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a12685c-c137-401e-b5f3-6db839c9934e.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/042c3a75-a79a-4c5d-a321-dd38436ddbba.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/425c8c78-fe58-4568-8193-cc123e33f623.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-06-05 | Credit rating update — India Ratings |
| 2025-03-21 | Credit rating update — CARE Ratings |
| 2024-04-17 | Credit rating update — India Ratings |
| 2024-02-02 | Credit rating update — CARE Ratings |
| 2023-01-25 | Credit rating update — India Ratings |
| 2022-12-29 | Credit rating update — ICRA |
| 2019-12-18 | Credit rating update — Brickwork Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:55:55.273Z.