APL Metals Ltd

Indicative price history

Key highlights

• Operating income ₹517.97 Cr (FY20), ₹633.29 Cr (FY21), about ₹724 Cr (FY22) per Acuité/CARE — thin margins.
• 1,07,26,387 shares of ₹10 (paid-up ₹10.72 Cr); CIN L24224WB1948PLC017455; listed on the dormant Calcutta Stock Exchange.
• No filings after the 21 Sep 2023 AGM found; rating coverage appears to have lapsed after 2022.
• UnlistedZone indicative ₹10.95 (27 Jul 2026; 52w ₹8–₹18; lot 5,000) values the company at about ₹11.7 Cr; wwipl ₹12.

About APL Metals

APL Metals Limited is a Kolkata-based company in the basic-metals sector, classified by its rating agencies (Acuité, CARE) as a manufacturer and trader of non-ferrous metal products. Its scale is large relative to its market value: Acuité recorded operating income rising to ₹633.29 Cr in FY21 from ₹517.97 Cr in FY20, and CARE described turnover of about ₹724 Cr in FY22 with 'subdued' margins — the profile of a metals processor and trader that earns a fraction of a percent on high volumes. The precise product mix (aluminium, copper or other alloy products) was not confirmed in the snippets available and should be verified from the annual report.

The company was incorporated in 1948 (CIN L24224WB1948PLC017455, RoC Kolkata) and its shares are listed on the Calcutta Stock Exchange, where no trading platform has operated for years, so the stock changes hands only off-market — hence its presence on unlisted-share dealer sites. Paid-up capital is ₹10.72 Cr, i.e. 1,07,26,387 equity shares of ₹10 (a registry aggregator shows ₹22.93 Cr, which likely includes preference capital). Acuité's 2021 rationale named Sanjiv Nandan Sahaya as Chairman and Managing Director, with Sanjay Sarda, Raghav Bajoria, Prakash Kumar Damani and Rahul Damani as directors; a registry profile also lists Ravi Nandan Sahaya, Bijan Ray and Roli Verma, and a 2026 aggregator shows only two active directors.

The disclosure trail goes cold after FY23: InstaFinancials records the last AGM on 21 September 2023 and the last balance sheet at 31 March 2023, and no FY24 or FY25 figures, rating updates after CARE's July 2022 release, or press coverage were found. Profit, net worth and borrowings for the years shown here are estimates built around the reported turnover and the rating agencies' comments on thin margins; they should not be read as filed numbers.

At the UnlistedZone indicative rate of ₹10.95 (27 July 2026; 52-week range ₹8–₹18; lot 5,000) the implied market capitalisation is about ₹11.7 Cr — roughly 0.016 times FY22 sales and a fraction of estimated book value, a level that signals either deep distress or simply an illiquid, forgotten scrip. wwipl shows a last trade of ₹12 (52-week ₹10–₹15). Lots are large (5,000 shares, about ₹55,000), so the entry ticket is small in rupee terms but exit depends entirely on finding another dealer buyer.

Verification status (10 Oct 2026): CIN, incorporation year, RoC, CSE listing, share count, paid-up capital, ISIN and directors are from registry aggregators and rating rationales (search snippets); FY20–FY22 operating income is from Acuité and CARE press releases. Everything else — profit, balance sheet, cash flows, headcount, product mix, shareholding split, registered-office address and filing status after 2023 — is estimated or unverified. Treat this as a placeholder profile until the FY25 annual report is obtained.

Where the revenue comes from

• Non-ferrous metal products70%

  Processed non-ferrous metal products (aluminium/copper alloy items per rating-agency classification; mix to be verified) (estimate)

• Metal trading30%

  Trading in metal ingots and scrap (estimate)

Products & services