We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CARE BB
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 7 Aug 2025
This rating is over a year old.
View Full Report52-Week Range
Valuation
Financials (FY2025)
Source: CRISILInvestment Thesis
Anupama Steel Limited is an Ahmedabad-based company in the steel sector with a share price of ₹0.05 — a penny stock level that raises serious concerns about operational status and financial health. Investors should treat this as a very high-risk proposition and conduct thorough due diligence through MCA filings to confirm whether the company is active, dormant, or under financial distress before any investment consideration.
Pros
Cons
Business Segments
Steel Manufacturing/Trading
Manufacturing and trading of steel products for industrial and construction applications in Gujarat.
Revenue Model
If operational, Anupama Steel Limited would generate revenue through steel manufacturing and/or trading margins. However, the ₹0.05 share price strongly suggests the company may have minimal or no current revenue-generating activity.
Detailed Analysis
Growth Plans
India's steel demand growth from housing, infrastructure, and manufacturing sectors
Potential revival through new management or restructuring
Gujarat's industrial policy support for manufacturing companies
Industry Tailwinds
India's steel demand growth from housing, infrastructure, and manufacturing sectors
Recent Developments
The company's shares are tracked at ₹0.05, a penny stock level, which raises serious questions about operational status, profitability, and going concern. Investors should verify current filings with MCA.
Comparable Companies
TATASTEEL · ~1,65,000 Cr
Frequently Asked Questions
About Anupama Steel
Anupama Steel Limited is an Ahmedabad, Gujarat-based steel company incorporated in 1994. The company operates in the steel manufacturing and trading sector, serving India's construction, infrastructure, and industrial markets from its Gujarat base. Gujarat is one of India's most industrialised states with a robust steel consumption base driven by its large petrochemical, chemical, engineering, and construction sectors. The state's proximity to the Kandla and Mundra ports also facilitates both raw material imports and steel product exports. Ahmedabad, as Gujarat's commercial capital, provides access to the state's large MSME industrial base. India is the world's second-largest steel producer with production exceeding 140 million tonnes annually, and is a significant steel consumer driven by infrastructure investment under the National Infrastructure Pipeline (NIP), housing under PMAY, and manufacturing sector growth. The Indian steel market is estimated at over Rs 7 lakh crore annually. Anupama Steel has been operating for over 30 years since 1994, serving domestic steel demand in Gujarat and western India. Steel companies in India operate across a spectrum — from large integrated producers like SAIL and Tata Steel to smaller secondary producers and traders serving regional markets. The company's longevity in Gujarat's competitive steel market reflects operational capability and established customer relationships.
Key Milestones
Incorporated 1994 in Gujarat (CIN: L27101GJ1994PLC022434); listed company (L-prefix)
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Be the first to discuss Anupama Steel — share your research, ask questions, or compare notes with other investors.
Potential revival through new management or restructuring
Gujarat's industrial policy support for manufacturing companies
Industry Headwinds
Company may be dormant or financially distressed
Very limited public information
Highly competitive steel market dominated by large players
No confirmed ISIN or digital presence
Key Strengths
Favourable location of ship-recycling yards
Moderate scale of operations and profitability
Moderate capital structure and debt coverage indicators
MG maintains
Key Weaknesses
Exposure to adverse movement in steel prices and forex rates
Presence in the cyclical and competitive industry
Pakistan.
Exposure to regulatory and environment hazard risk
Downward Factors
Decline in the scale of operation of MG below ₹200 crore with profit before interest, lease, depreciation and tax (PBILDT)
Deterioration in LC coverage ratio of MG below 1.15x on a sustained basis
Any major diversion of funds to non-core business operations impacting the liquidity
Steel price cycles create revenue and margin volatility
Source: Company Financial Filings
Limited public financial disclosures available
Source: Media Reports / Public Records
Net profit margin is thin at 1.4% (FY2025) — limited buffer against revenue or cost shocks
Source: Financial data
Interest coverage ratio of 0.58x (FY2025) — EBIT does not fully cover interest expenses; risk of debt default
Source: Financial data
A share price of ₹0.05 is a strong indicator of either dormancy, financial distress, or near-zero business activity. The company may not be operational.
No confirmed ISIN, website, or financial disclosures are publicly available, making due diligence extremely difficult.
The Indian steel sector is dominated by large players (Tata Steel, JSW, SAIL, JSPL) with massive cost and scale advantages over small manufacturers.
Steel manufacturing is highly capital intensive; a small company at ₹0.05 per share is unlikely to have the resources to compete effectively.
Environmental and pollution control regulations in the steel industry require continuous compliance investments, which may be challenging for a small or dormant company.
JSWSTEEL · ~2,00,000 Cr
SAIL · ~35,000 Cr
Operates in Gujarat steel ecosystem with proximity to Alang ship-breaking cluster and Mundra port
Website active at anupamasteel.com
Omprakash Ramkumar Agarwal, Dayavanti Omprakash Agarwal (promoter family); Manju Gaurav Jhaveri, Siddharth Ghanshyambhai Patel, Renuka Arpan Shah (directors)