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Last Updated: April 2, 2026, 4:05 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531223 | NSE: ANJANI

Anjani Synthetics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹19.54Overvalued by 16.14%vs CMP ₹23.30

P/E (10.3) × ROE (3.9%) × BV (₹59.60) × DY (2.00%)

₹39.13Undervalued by 67.94%vs CMP ₹23.30
MoS: +40.5% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹18.8226%Over (-19.2%)
Graham NumberEarnings₹54.9318%Under (+135.8%)
DCFCash Flow₹2.3415%Over (-90%)
Net Asset ValueAssets₹59.608%Under (+155.8%)
EV/EBITDAEnterprise₹56.2210%Under (+141.3%)
Earnings YieldEarnings₹22.508%Fair (-3.4%)
ROCE CapitalReturns₹83.288%Under (+257.4%)
Revenue MultipleRevenue₹75.866%Under (+225.6%)
Consensus (8 models)₹39.13100%Undervalued
Key Drivers: ROE 3.9% is below cost of equity. | Wide model spread (₹2–₹83) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.7%

*Investments are subject to market risks

Investment Snapshot

51
Anjani Synthetics Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 6.0% WeakROE 3.9% WeakD/E 0.93 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 74.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 4% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +20% YoY AcceleratingProfit (4Q): -29% YoY Declining
Industry Rank35/100 · Weak
P/E 10.3 vs industry 44.4 Cheaper than peersROCE 6.0% vs industry 11.1% Below peersROE 3.9% vs industry 12.6% Below peers3Y sales CAGR: -10% 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.

Share Price and Basic Stock Data

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

Market Cap 34.4 Cr.
Current Price 23.3
Intrinsic Value₹39.13
High / Low 58.2/20.2
Stock P/E10.3
Book Value 59.6
Dividend Yield0.00 %
ROCE6.04 %
ROE3.90 %
Face Value 10.0
PEG Ratio-2.82

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

View Share Price Target for Anjani Synthetics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Anjani Synthetics Ltd 34.4 Cr. 23.3 58.2/20.210.3 59.60.00 %6.04 %3.90 % 10.0
Sarla Performance Fibers Ltd 631 Cr. 75.5 128/65.010.6 61.63.97 %14.9 %13.9 % 1.00
Shekhawati Poly-Yarn Ltd 34.4 Cr. 9.99 26.9/9.128.59 5.180.00 %57.3 %60.4 % 10.0
Gini Silk Mills Ltd 27.8 Cr. 49.6 130/42.516.4 91.20.00 %3.23 %2.24 % 10.0
Minaxi Textiles Ltd 7.66 Cr. 1.55 2.51/1.193.61 0.820.00 %2.20 %42.3 % 1.00
Industry Average1,220.29 Cr126.5644.4281.390.37%11.07%12.57%7.18

All Competitor Stocks of Anjani Synthetics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 43.9981.4658.4372.2259.6663.9344.0453.0964.0963.0361.3674.6471.66
Expenses 41.7378.8756.1469.7856.6862.2441.9550.4961.1161.3159.0072.1769.00
Operating Profit 2.262.592.292.442.981.692.092.602.981.722.362.472.66
OPM % 5.14%3.18%3.92%3.38%4.99%2.64%4.75%4.90%4.65%2.73%3.85%3.31%3.71%
Other Income 0.040.640.410.620.071.440.030.040.170.180.060.060.03
Interest 1.011.011.141.231.221.060.860.640.690.760.600.620.51
Depreciation 0.710.680.590.630.660.670.560.580.600.660.590.590.69
Profit before tax 0.581.540.971.201.171.400.701.421.860.481.231.321.49
Tax % 25.86%22.73%26.80%25.00%17.95%-20.71%25.71%25.35%25.27%31.25%26.02%26.52%24.83%
Net Profit 0.431.180.710.900.951.690.531.061.400.330.920.981.11
EPS in Rs 0.290.800.480.610.641.150.360.720.950.220.620.660.75

Last Updated: March 3, 2026, 12:25 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 323343395368344307325266305330254224271
Expenses 306326376350329290309256294318245215261
Operating Profit 16171918151716101012999
OPM % 5%5%5%5%4%5%5%4%3%4%4%4%3%
Other Income 1202211320300
Interest 1111108888555532
Depreciation 2346554433323
Profit before tax 4655555455545
Tax % 32%23%24%38%37%34%25%28%18%25%10%26%
Net Profit 3443334343433
EPS in Rs 2.483.963.462.832.132.032.421.972.712.362.892.252.25
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)33.33%0.00%-25.00%0.00%0.00%33.33%-25.00%33.33%-25.00%33.33%-25.00%
Change in YoY Net Profit Growth (%)0.00%-33.33%-25.00%25.00%0.00%33.33%-58.33%58.33%-58.33%58.33%-58.33%

Anjani Synthetics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-7%
3 Years:-10%
TTM:1%
Compounded Profit Growth
10 Years:2%
5 Years:-1%
3 Years:-6%
TTM:-9%
Stock Price CAGR
10 Years:5%
5 Years:19%
3 Years:-1%
1 Year:-24%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:4%
Last Year:4%

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

Balance Sheet

Last Updated: December 10, 2025, 3:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111111151515151515151515
Reserves 24283235444752556064687173
Borrowings 63698289846954656550443227
Other Liabilities 88758660777079617163383540
Total Liabilities 186183210195220201199195211192164153155
Fixed Assets 15123026262522191716161615
CWIP 0000100000002
Investments 111124557871010
Other Assets 169169179167191172173172187168142128128
Total Assets 186183210195220201199195211192164153155

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 116212092819-57211320
Cash from Investing Activity + -32-21-14-5-1-1-1-20-5
Cash from Financing Activity + -8-81-19-14-22-206-5-20-13-15
Net Cash Flow 000-1-01-101-10-0
Free Cash Flow 88-11842519-65191017
CFO/OP 75%44%113%120%71%177%133%-41%83%183%144%220%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-47.00-52.00-63.00-71.00-69.00-52.00-38.00-55.00-55.00-38.00-35.00-23.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 12110610310511799122154140102116126
Inventory Days 84917375102128777384919796
Days Payable 64485849821131149194766068
Cash Conversion Cycle 14214911813113711485136130116153154
Working Capital Days 434936333942487867638499
ROCE %16%14%13%10%9%9%10%8%7%7%7%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%74.52%74.90%
Government 0.13%0.13%0.13%0.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 26.03%26.02%26.02%26.03%26.16%26.16%26.16%26.15%26.16%26.15%25.48%25.10%
No. of Shareholders 2,4282,3912,4102,4952,8172,8023,0563,0712,9742,9203,0293,070

Shareholding Pattern Chart

No. of Shareholders

Anjani Synthetics 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.) 2.252.892.362.711.97
Diluted EPS (Rs.) 2.252.892.362.711.97
Cash EPS (Rs.) 3.874.614.134.584.41
Book Value[Excl.RevalReserv]/Share (Rs.) 58.2255.9053.4850.7247.21
Book Value[Incl.RevalReserv]/Share (Rs.) 58.2255.9053.4850.7247.21
Revenue From Operations / Share (Rs.) 152.04172.36222.50206.58181.95
PBDIT / Share (Rs.) 6.658.098.268.478.81
PBIT / Share (Rs.) 5.036.366.506.616.37
PBT / Share (Rs.) 3.043.213.133.292.71
Net Profit / Share (Rs.) 2.252.882.362.711.97
PBDIT Margin (%) 4.374.693.714.094.84
PBIT Margin (%) 3.303.692.913.193.50
PBT Margin (%) 1.991.861.401.591.49
Net Profit Margin (%) 1.481.671.061.311.08
Return on Networth / Equity (%) 3.865.164.415.354.17
Return on Capital Employeed (%) 8.4210.9211.0311.2012.83
Return On Assets (%) 2.172.581.811.891.48
Long Term Debt / Equity (X) 0.020.040.090.160.04
Total Debt / Equity (X) 0.370.530.630.860.93
Asset Turnover Ratio (%) 1.411.431.631.501.36
Current Ratio (X) 1.941.751.541.461.40
Quick Ratio (X) 1.311.120.951.011.06
Inventory Turnover Ratio (X) 4.993.344.355.084.01
Interest Coverage Ratio (X) 3.342.572.462.552.41
Interest Coverage Ratio (Post Tax) (X) 2.131.921.701.821.54
Enterprise Value (Cr.) 100.22103.0889.03107.57105.27
EV / Net Operating Revenue (X) 0.440.400.270.350.39
EV / EBITDA (X) 10.218.647.318.618.10
MarketCap / Net Operating Revenue (X) 0.300.230.110.140.15
Price / BV (X) 0.790.720.490.580.58
Price / Net Operating Revenue (X) 0.300.230.110.140.15
EarningsYield 0.040.070.080.090.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Anjani Synthetics Ltd. is a Public Limited Listed company incorporated on 28/06/1984 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L11711GJ1984PLC007048 and registration number is 007048. Currently Company is involved in the business activities of Finishing of textiles. Company's Total Operating Revenue is Rs. 224.26 Cr. and Equity Capital is Rs. 14.75 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Processing/Texturising221 (Maliya), New Cloth Market, Ahmedabad Gujarat 380002Contact not found
Management
NamePosition Held
Mr. Vasudev S AgarwalChairman & Managing Director
Mr. Sanjay Goverdhan SharmaExecutive Director
Ms. Ruchi Prabodhchandra HalakhandiInd. Non-Executive Woman Director
Mr. Kuldeep Ashokbhai ShahInd. Non-Executive Director
Ms. Ishali Jivanbhai DesaiInd. Non-Executive Director

FAQ

What is the intrinsic value of Anjani Synthetics Ltd and is it undervalued?

As of 14 April 2026, Anjani Synthetics Ltd's intrinsic value is ₹39.13, which is 67.94% higher than the current market price of ₹23.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.90 %), book value (₹59.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Anjani Synthetics Ltd?

Anjani Synthetics Ltd is trading at ₹23.30 as of 14 April 2026, with a FY2026-2027 high of ₹58.2 and low of ₹20.2. The stock is currently near its 52-week low. Market cap stands at ₹34.4 Cr..

How does Anjani Synthetics Ltd's P/E ratio compare to its industry?

Anjani Synthetics Ltd has a P/E ratio of 10.3, which is below the industry average of 44.42. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Anjani Synthetics Ltd financially healthy?

Key indicators for Anjani Synthetics Ltd: ROCE of 6.04 % is on the lower side compared to the industry average of 11.07%; ROE of 3.90 % is below ideal levels (industry average: 12.57%). Dividend yield is 0.00 %.

Is Anjani Synthetics Ltd profitable and how is the profit trend?

Anjani Synthetics Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹224 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows a declining trend.

Does Anjani Synthetics Ltd pay dividends?

Anjani Synthetics Ltd has a dividend yield of 0.00 % at the current price of ₹23.30. 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 Anjani Synthetics 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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