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Last Updated: April 2, 2026, 4:05 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542721 | NSE: ARL

Anand Rayons Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹29.69Overvalued by 52.50%vs CMP ₹62.50

P/E (14.2) × ROE (6.1%) × BV (₹41.80) × DY (2.00%)

₹46.41Overvalued by 25.74%vs CMP ₹62.50
MoS: -34.7% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹35.2023%Over (-43.7%)
Graham NumberEarnings₹65.7017%Fair (+5.1%)
Earnings PowerEarnings₹4.2011%Over (-93.3%)
DCFCash Flow₹90.0311%Under (+44%)
Net Asset ValueAssets₹35.457%Over (-43.3%)
EV/EBITDAEnterprise₹37.319%Over (-40.3%)
Earnings YieldEarnings₹45.907%Over (-26.6%)
ROCE CapitalReturns₹38.627%Over (-38.2%)
Revenue MultipleRevenue₹73.236%Under (+17.2%)
Consensus (9 models)₹46.41100%Overvalued
Key Drivers: Wide model spread (₹4–₹90) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 18.6%

*Investments are subject to market risks

Investment Snapshot

60
Anand Rayons Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 9.2% AverageROE 6.1% AverageD/E 1.33 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 52.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 2% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +24% YoY AcceleratingProfit (4Q): +118% YoY Strong
Industry Rank45/100 · Moderate
P/E 14.2 vs industry 50.9 Cheaper than peersROCE 9.2% vs industry 10.8% AverageROE 6.1% vs industry 29.5% Below peers3Y sales CAGR: -2% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Anand Rayons Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 14.2 vs Ind 50.9 | ROCE 9.2% | ROE 6.1% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.33x | IntCov 0.0x | Current 2.11x | Borrow/Reserve 0.28x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹3 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +12.8% | Q NP +200.0% | Q OPM +2.6 pp
Derived FieldValueHow it is derived
Valuation Gap %-25.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.28xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-224Latest shareholder count minus previous count
Quarterly Sales Change+12.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+200.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+2.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:05 am

Market Cap 134 Cr.
Current Price 62.5
Intrinsic Value₹46.41
High / Low 470/58.1
Stock P/E14.2
Book Value 41.8
Dividend Yield0.00 %
ROCE9.24 %
ROE6.13 %
Face Value 10.0
PEG Ratio0.77

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Anand Rayons Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Anand Rayons Ltd 134 Cr. 62.5 470/58.114.2 41.80.00 %9.24 %6.13 % 10.0
Globus Power Generation Ltd 127 Cr. 12.8 18.4/11.0 0.810.00 %7.29 %7.29 % 10.0
Bannari Amman Spinning Mills Ltd 154 Cr. 19.3 38.2/17.09.25 58.60.00 %4.49 %1.82 % 5.00
Bhilwara Technical Textiles Ltd 185 Cr. 31.6 61.2/31.0160 28.80.00 %4.40 %4.10 % 1.00
CIL Nova Petrochemicals Ltd 320 Cr. 118 129/25.7 32.80.00 %3.35 %3.68 % 10.0
Industry Average1,369.00 Cr94.1150.9181.700.16%10.78%29.54%8.11

All Competitor Stocks of Anand Rayons Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 71.9985.7374.5384.5490.6094.5970.3182.9574.6485.8575.95112.25126.66
Expenses 70.7583.1072.9183.0789.0991.9269.3980.9372.8983.0174.82110.90121.84
Operating Profit 1.242.631.621.471.512.670.922.021.752.841.131.354.82
OPM % 1.72%3.07%2.17%1.74%1.67%2.82%1.31%2.44%2.34%3.31%1.49%1.20%3.81%
Other Income 0.030.050.000.010.010.050.000.010.000.090.310.650.61
Interest 0.730.700.670.760.720.730.340.900.810.600.180.410.84
Depreciation 0.020.040.020.060.070.070.060.060.120.080.090.090.09
Profit before tax 0.521.940.930.660.731.920.521.070.822.251.171.504.50
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 0.521.940.920.660.731.920.521.070.812.251.181.504.50
EPS in Rs 0.351.290.610.440.491.280.350.710.541.220.560.702.11

Last Updated: March 3, 2026, 12:27 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 7:46 pm

MetricSep 2018n n 1mMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 129283244207334336344314401
Expenses 127276241204326329337306391
Operating Profit 3634877810
OPM % 2%2%1%2%2%2%2%2%3%
Other Income 001000002
Interest 133343332
Depreciation 000000000
Profit before tax 131144459
Tax % 36%33%26%29%29%26%26%25%
Net Profit 121133339
EPS in Rs 0.702.080.450.481.962.102.091.894.59
Dividend Payout % 0%24%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-50.00%0.00%200.00%0.00%0.00%0.00%
Change in YoY Net Profit Growth (%)0.00%50.00%200.00%-200.00%0.00%0.00%

Anand Rayons Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:-2%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:39%
3 Years:6%
TTM:39%
Stock Price CAGR
10 Years:%
5 Years:61%
3 Years:65%
1 Year:553%
Return on Equity
10 Years:%
5 Years:8%
3 Years:8%
Last Year:6%

Last Updated: September 5, 2025, 2:16 pm

Balance Sheet

Last Updated: July 25, 2025, 1:53 pm

MonthSep 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 1010151515151518
Reserves 24111215182158
Borrowings 2929343631342916
Other Liabilities 20116618996
Total Liabilities 6154666979767499
Fixed Assets 00000011
CWIP 00000000
Investments 00000000
Other Assets 6154656979767398
Total Assets 6154666979767499

Reserves and Borrowings Chart

Cash Flow

MonthSep 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -38-36-360971611
Cash from Investing Activity + -1-1-10-0-22-24
Cash from Financing Activity + 393737-1-9-0-822
Net Cash Flow 0000-05109
Free Cash Flow -39-37-370971610
CFO/OP -1,502%-543%-1,049%13%123%117%239%165%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2018n n 1m
Free Cash Flow-23.00-31.00-32.00-23.00-27.00-22.00-8.003.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthSep 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 16163598867584457
Inventory Days 73181187717
Days Payable 48137918885
Cash Conversion Cycle 12053709057574469
Working Capital Days 11328516340382664
ROCE %8%6%13%11%11%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.84%69.84%70.72%70.72%70.72%70.72%71.42%71.42%58.22%51.53%52.19%52.19%
Public 30.16%30.17%29.28%29.29%29.28%29.29%28.58%28.58%41.78%48.46%47.81%47.80%
No. of Shareholders 6,4486,1835,9555,9236,2095,9025,7195,2634,8874,6714,6514,427

Shareholding Pattern Chart

No. of Shareholders

Anand Rayons Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.892.092.111.960.48
Diluted EPS (Rs.) 2.242.092.111.960.48
Cash EPS (Rs.) 2.062.242.172.030.53
Book Value[Excl.RevalReserv]/Share (Rs.) 41.8324.1922.1120.0018.04
Book Value[Incl.RevalReserv]/Share (Rs.) 41.8324.1922.1120.0018.04
Revenue From Operations / Share (Rs.) 170.68229.74224.56222.93138.33
PBDIT / Share (Rs.) 4.154.904.825.412.71
PBIT / Share (Rs.) 3.984.754.755.342.65
PBT / Share (Rs.) 2.532.832.822.760.67
Net Profit / Share (Rs.) 1.892.092.111.960.48
PBDIT Margin (%) 2.432.132.142.421.96
PBIT Margin (%) 2.322.072.112.391.91
PBT Margin (%) 1.481.231.251.230.48
Net Profit Margin (%) 1.100.900.930.870.34
Return on Networth / Equity (%) 4.518.639.529.802.66
Return on Capital Employeed (%) 9.0317.1217.4621.2410.80
Return On Assets (%) 3.514.224.283.721.04
Long Term Debt / Equity (X) 0.050.140.220.250.36
Total Debt / Equity (X) 0.200.790.951.041.33
Asset Turnover Ratio (%) 3.624.654.414.523.08
Current Ratio (X) 5.362.222.191.882.11
Quick Ratio (X) 4.562.022.011.711.92
Inventory Turnover Ratio (X) 29.9153.7347.7947.8523.36
Interest Coverage Ratio (X) 2.872.542.492.091.37
Interest Coverage Ratio (Post Tax) (X) 2.312.082.091.761.24
Enterprise Value (Cr.) 360.2170.9182.09106.0782.81
EV / Net Operating Revenue (X) 1.150.200.240.310.39
EV / EBITDA (X) 47.239.6511.3713.0820.37
MarketCap / Net Operating Revenue (X) 1.170.160.150.220.22
Price / BV (X) 4.781.571.592.501.73
Price / Net Operating Revenue (X) 1.170.160.150.220.22
EarningsYield 0.010.050.050.030.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Anand Rayons Ltd. is a Public Limited Listed company incorporated on 02/10/2018 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L51909GJ2018PLC104200 and registration number is 104200. Currently Company is involved in the business activities of Wholesale of textiles, fabrics, yarn, household linen, articles of clothing, floor coverings and tapestry, sports clothes. Company's Total Operating Revenue is Rs. 313.75 Cr. and Equity Capital is Rs. 18.38 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - GeneralNo. 305-306, Jay Sagar Complex, Surat Gujarat 395002Contact not found
Management
NamePosition Held
Mr. Anand BakshiChairman & Managing Director
Mrs. Shilpa BakshiWhole Time Director
Mrs. Jigisha ChorawalaNon Executive Director
Mr. Nilesh BodiwalaNon Exe. & Ind. Director
Mr. Anil MerchantNon Exe. & Ind. Director
Mr. Pankesh PatelNon Exe. & Ind. Director

FAQ

What is the intrinsic value of Anand Rayons Ltd and is it undervalued?

As of 05 April 2026, Anand Rayons Ltd's intrinsic value is ₹46.41, which is 25.74% lower than the current market price of ₹62.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.13 %), book value (₹41.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Anand Rayons Ltd?

Anand Rayons Ltd is trading at ₹62.50 as of 05 April 2026, with a FY2026-2027 high of ₹470 and low of ₹58.1. The stock is currently near its 52-week low. Market cap stands at ₹134 Cr..

How does Anand Rayons Ltd's P/E ratio compare to its industry?

Anand Rayons Ltd has a P/E ratio of 14.2, which is below the industry average of 50.91. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Anand Rayons Ltd financially healthy?

Key indicators for Anand Rayons Ltd: ROCE of 9.24 % is on the lower side compared to the industry average of 10.78%; ROE of 6.13 % is below ideal levels (industry average: 29.54%). Dividend yield is 0.00 %.

Is Anand Rayons Ltd profitable and how is the profit trend?

Anand Rayons Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹314 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a mixed trend.

Does Anand Rayons Ltd pay dividends?

Anand Rayons Ltd has a dividend yield of 0.00 % at the current price of ₹62.50. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Anand Rayons Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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