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Last Updated: April 2, 2026, 4:06 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543275 | NSE: ANURAS

Anupam Rasayan India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹631.03Overvalued by 50.55%vs CMP ₹1,276.00

P/E (84.5) × ROE (3.3%) × BV (₹281.00) × DY (0.06%)

₹314.14Overvalued by 75.38%vs CMP ₹1,276.00
MoS: -306.2% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹632.5223%Over (-50.4%)
Graham NumberEarnings₹311.6316%Over (-75.6%)
Earnings PowerEarnings₹20.0511%Over (-98.4%)
DCFCash Flow₹115.6614%Over (-90.9%)
Net Asset ValueAssets₹280.727%Over (-78%)
EV/EBITDAEnterprise₹422.619%Over (-66.9%)
Earnings YieldEarnings₹153.607%Over (-88%)
ROCE CapitalReturns₹290.117%Over (-77.3%)
Revenue MultipleRevenue₹189.275%Over (-85.2%)
Consensus (9 models)₹314.14100%Overvalued
Key Drivers: ROE 3.3% is below cost of equity. | Wide model spread (₹20–₹633) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.2%

*Investments are subject to market risks

Investment Snapshot

55
Anupam Rasayan India Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 7.3% WeakROE 3.3% WeakD/E 0.24 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.13% (6mo) AccumulatingDII holding down 1.84% MF sellingPromoter holding at 59.1% Stable
Earnings Quality40/100 · Moderate
OPM stable around 27% SteadyWorking capital: 160 days Capital intensive
Quarterly Momentum80/100 · Strong
Revenue (4Q): +66% YoY AcceleratingProfit (4Q): +67% YoY StrongOPM: 25.0% (down 7.0% YoY) Margin pressure
Industry Rank30/100 · Weak
P/E 84.5 vs industry 64.9 In-lineROCE 7.3% vs industry 13.0% Below peersROE 3.3% vs industry 25.4% Below peers3Y sales CAGR: 10% Moderate

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.

Anupam Rasayan India Ltd Investor Signals

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

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 84.5 vs Ind 64.9 | ROCE 7.3% | ROE 3.3% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.24x | IntCov 0.0x | Current 2.59x | Borrow/Reserve 0.40x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹160 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.03 pp | DII -0.96 pp | Prom 0.00 pp
Business Momentum
+2
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -30.0% | Q NP +7.0% | Q OPM +6.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-75.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.40xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.03 ppLatest FII% minus previous FII%
DII Change-0.96 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,316Latest shareholder count minus previous count
Quarterly Sales Change-30.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+7.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+6.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:06 am

Market Cap 14,532 Cr.
Current Price 1,276
Intrinsic Value₹314.14
High / Low 1,407/686
Stock P/E84.5
Book Value 281
Dividend Yield0.06 %
ROCE7.33 %
ROE3.32 %
Face Value 10.0
PEG Ratio357.99

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

View Share Price Target for Anupam Rasayan India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Anupam Rasayan India Ltd 14,532 Cr. 1,276 1,407/68684.5 2810.06 %7.33 %3.32 % 10.0
Aether Industries Ltd 14,807 Cr. 1,116 1,250/72379.5 1740.00 %9.92 %7.49 % 10.0
Aarti Industries Ltd 14,917 Cr. 411 495/33840.2 1580.24 %6.32 %6.03 % 5.00
Clean Science & Technology Ltd 7,439 Cr. 700 1,600/65230.3 1410.86 %27.3 %20.2 % 1.00
Himadri Speciality Chemical Ltd 22,545 Cr. 447 534/35131.9 80.60.13 %22.0 %16.4 % 1.00
Industry Average12,530.04 Cr712.4964.87182.870.55%12.98%25.40%6.41

All Competitor Stocks of Anupam Rasayan India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 392480386392296401254294390500486731512
Expenses 281363285285216308201214266356362596385
Operating Profit 11111710110779935380124144124136127
OPM % 28%24%26%27%27%23%21%27%32%29%26%19%25%
Other Income -32412321262-46582
Interest 14201820252622273231363635
Depreciation 18191920202121222931313234
Profit before tax 751037771365816345988637660
Tax % 28%29%32%31%28%30%25%10%9%29%23%24%-1%
Net Profit 54735249264012315463485761
EPS in Rs 4.005.283.593.781.682.820.361.522.564.053.103.904.31

Last Updated: March 3, 2026, 12:23 pm

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5025298111,0741,6021,4751,4372,230
Expenses 4083946177691,1711,0941,0361,698
Operating Profit 93135194305431381401532
OPM % 19%25%24%28%27%26%28%24%
Other Income 191126810301120
Interest 244569316389112138
Depreciation 232952607180102128
Profit before tax 6672100222308242198286
Tax % 24%26%30%31%30%31%19%
Net Profit 495370152217167160229
EPS in Rs 9.8510.647.0415.1816.8411.728.4915.36
Dividend Payout % 0%0%7%7%15%11%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)8.16%32.08%117.14%42.76%-23.04%-4.19%
Change in YoY Net Profit Growth (%)0.00%23.91%85.07%-74.38%-65.80%18.85%

Anupam Rasayan India 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:22%
3 Years:10%
TTM:24%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:-15%
TTM:31%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:13%
1 Year:44%
Return on Equity
10 Years:%
5 Years:6%
3 Years:5%
Last Year:3%

Last Updated: September 5, 2025, 2:21 pm

Balance Sheet

Last Updated: December 4, 2025, 2:23 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5050100100107110110114
Reserves 4325151,4731,6272,2652,6512,7403,083
Borrowings 6948474238368221,0691,3731,223
Other Liabilities 1462523013275847721,0451,230
Total Liabilities 1,3231,6642,2982,8913,7784,6025,2695,650
Fixed Assets 6819771,1151,2021,4171,5012,1852,422
CWIP 191101434412060921658
Investments 000149676799
Other Assets 4515861,1401,4962,1732,4242,8603,161
Total Assets 1,3231,6642,2982,8913,7784,6025,2695,650

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 39951-17129259-30
Cash from Investing Activity + -250-178-193-412-523-392-330
Cash from Financing Activity + 206102416384371395223
Net Cash Flow -619224-19914062-137
Free Cash Flow -209-85-144-318232-644-440
CFO/OP 55%77%10%-44%84%28%3%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-601.00-712.00-229.00-531.00-391.00380.00400.00

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 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8889929595143186
Inventory Days 277515530852483627876
Days Payable 105226215225167247348
Cash Conversion Cycle 260379408722410524715
Working Capital Days 5621168218153138160
ROCE %9%10%11%13%9%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 60.80%60.77%60.73%61.41%61.26%61.23%61.23%61.19%61.19%61.19%59.07%59.07%
FIIs 8.52%9.79%10.26%9.13%8.07%7.14%7.00%7.46%6.47%4.94%7.63%7.60%
DIIs 4.98%3.74%1.76%2.51%2.56%2.56%2.30%2.32%2.25%2.24%1.37%0.41%
Public 25.68%25.71%27.25%26.96%28.10%29.06%29.47%29.06%30.11%31.65%31.93%32.89%
No. of Shareholders 66,50761,50461,12960,08957,62362,21863,86660,93857,47847,71148,78547,469

Shareholding Pattern Chart

No. of Shareholders

Anupam Rasayan India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Samco Multi Cap Fund 4,415 0.2 0.58N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 14.5615.4820.9115.228.56
Diluted EPS (Rs.) 14.5615.4620.8615.188.56
Cash EPS (Rs.) 23.8622.5126.6621.1112.20
Book Value[Excl.RevalReserv]/Share (Rs.) 259.28251.49233.38172.26157.46
Book Value[Incl.RevalReserv]/Share (Rs.) 259.28251.49233.38172.26157.46
Revenue From Operations / Share (Rs.) 130.72134.36149.06106.3481.15
PBDIT / Share (Rs.) 37.5137.4340.9431.1422.04
PBIT / Share (Rs.) 28.2030.1734.3225.1416.87
PBT / Share (Rs.) 18.0022.0228.4922.0710.01
Net Profit / Share (Rs.) 14.5515.2520.0415.127.04
NP After MI And SOA / Share (Rs.) 8.4911.7116.8315.187.04
PBDIT Margin (%) 28.6927.8527.4629.2827.15
PBIT Margin (%) 21.5722.4523.0223.6420.78
PBT Margin (%) 13.7616.3919.1120.7512.33
Net Profit Margin (%) 11.1311.3513.4414.218.66
NP After MI And SOA Margin (%) 6.498.7111.2814.278.66
Return on Networth / Equity (%) 3.274.657.628.814.46
Return on Capital Employeed (%) 8.9510.0712.4310.978.97
Return On Assets (%) 1.772.794.785.263.05
Long Term Debt / Equity (X) 0.060.070.140.280.15
Total Debt / Equity (X) 0.460.360.330.460.24
Asset Turnover Ratio (%) 0.290.350.480.410.40
Current Ratio (X) 1.421.692.602.432.59
Quick Ratio (X) 0.620.891.460.981.42
Inventory Turnover Ratio (X) 1.151.480.851.021.19
Dividend Payout Ratio (NP) (%) 8.8216.715.783.280.00
Dividend Payout Ratio (CP) (%) 4.2110.324.152.350.00
Earning Retention Ratio (%) 91.1883.2994.2296.720.00
Cash Earning Retention Ratio (%) 95.7989.6895.8597.650.00
Interest Coverage Ratio (X) 3.674.597.0210.133.21
Interest Coverage Ratio (Post Tax) (X) 2.432.874.445.922.03
Enterprise Value (Cr.) 9804.2410438.779646.448830.954991.83
EV / Net Operating Revenue (X) 6.827.086.028.286.16
EV / EBITDA (X) 23.7825.4021.9328.2922.67
MarketCap / Net Operating Revenue (X) 5.836.475.807.736.04
Retention Ratios (%) 91.1783.2894.2196.710.00
Price / BV (X) 2.943.453.914.773.11
Price / Net Operating Revenue (X) 5.836.475.807.736.04
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Anupam Rasayan India Ltd. is a Public Limited Listed company incorporated on 30/09/2003 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24231GJ2003PLC042988 and registration number is 042988. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 895.90 Cr. and Equity Capital is Rs. 109.93 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - Others1101 to 1107, 11th Floor, Icon Rio, Behind Icon Business Centre, Surat Gujarat 395007Contact not found
Management
NamePosition Held
Dr. Kiran Chhotubhai PatelChairman & Non-Exe.Director
Mrs. Mona Anandbhai DesaiVice Chairman & Whole Time Dir
Mr. Anand Sureshbhai DesaiManaging Director
Dr. Anuj Hemantbhai ThakarWhole Time Director
Mr. Ketan Paragji DesaiIndependent Director
Dr. Madhuri Ajit SawantIndependent Director
Mr. Anand Rajeshwarrao ChatorikarIndependent Director

FAQ

What is the intrinsic value of Anupam Rasayan India Ltd and is it undervalued?

As of 04 April 2026, Anupam Rasayan India Ltd's intrinsic value is ₹314.14, which is 75.38% lower than the current market price of ₹1,276.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.32 %), book value (₹281), dividend yield (0.06 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Anupam Rasayan India Ltd?

Anupam Rasayan India Ltd is trading at ₹1,276.00 as of 04 April 2026, with a FY2026-2027 high of ₹1,407 and low of ₹686. The stock is currently near its 52-week high. Market cap stands at ₹14,532 Cr..

How does Anupam Rasayan India Ltd's P/E ratio compare to its industry?

Anupam Rasayan India Ltd has a P/E ratio of 84.5, which is above the industry average of 64.87. The premium over industry average may reflect growth expectations or speculative interest.

Is Anupam Rasayan India Ltd financially healthy?

Key indicators for Anupam Rasayan India Ltd: ROCE of 7.33 % is on the lower side compared to the industry average of 12.98%; ROE of 3.32 % is below ideal levels (industry average: 25.40%). Dividend yield is 0.06 %.

Is Anupam Rasayan India Ltd profitable and how is the profit trend?

Anupam Rasayan India Ltd reported a net profit of ₹160 Cr in Mar 2025 on revenue of ₹1,437 Cr. Compared to ₹152 Cr in Mar 2022, the net profit shows an improving trend.

Does Anupam Rasayan India Ltd pay dividends?

Anupam Rasayan India Ltd has a dividend yield of 0.06 % at the current price of ₹1,276.00. The company pays dividends, though the yield is modest.

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 Anupam Rasayan India 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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