Anupam Rasayan India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:26 am

Market Cap	7,897 Cr.
Current Price	719
High / Low	1,107/673
Stock P/E	113
Book Value	253
Dividend Yield	0.17 %
ROCE	8.89 %
ROE	4.91 %
Face Value	10.0
PEG Ratio	27.03

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
HP Adhesives Ltd	725 Cr.	78.9	131/75.0	35.2	19.2	0.38 %	17.7 %	12.6 %	2.00
Haryana Leather Chemicals Ltd	44.4 Cr.	90.5	124/56.8	9.83	87.2	1.10 %	8.96 %	7.25 %	10.0
Hardcastle & Waud Mfg Co Ltd	61.8 Cr.	909	1,355/451	32.4	663	0.00 %	7.00 %	5.98 %	10.0
Grauer & Weil (India) Ltd	4,577 Cr.	101	120/63.5	28.6	19.2	0.50 %	26.1 %	19.6 %	1.00
DMCC Speciality Chemicals Ltd	972 Cr.	390	453/245	73.3	85.4	0.26 %	10.8 %	5.68 %	10.0
Industry Average	12,868.59 Cr	928.74		58.01	173.84	0.31%	14.09%	10.82%	6.44

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	234	249	266	325	344	393	392	480	386	392	296	401	254
Expenses	173	185	191	220	245	282	281	363	285	285	216	308	201
Operating Profit	61	64	75	105	99	111	111	117	101	107	79	93	53
OPM %	26%	26%	28%	32%	29%	28%	28%	24%	26%	27%	27%	23%	21%
Other Income	4	6	5	-7	-8	-10	-3	24	12	3	2	12	6
Interest	7	5	5	14	12	16	14	20	18	20	25	26	22
Depreciation	14	15	16	15	16	18	18	19	19	20	20	21	21
Profit before tax	44	50	59	68	62	67	75	103	77	71	36	58	16
Tax %	27%	28%	36%	33%	32%	29%	28%	29%	32%	31%	28%	30%	25%
Net Profit	32	36	38	46	42	48	54	73	52	49	26	40	12
EPS in Rs	3.21	3.61	3.79	4.60	3.96	4.15	4.00	5.28	3.59	3.78	1.68	2.82	0.36

Last Updated: October 7, 2024, 8:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:03 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	502	529	811	1,074	1,602	1,475	1,343
Expenses	408	394	617	769	1,171	1,094	1,010
Operating Profit	93	135	194	305	431	381	332
OPM %	19%	25%	24%	28%	27%	26%	25%
Other Income	19	11	26	8	10	30	24
Interest	24	45	69	31	63	89	94
Depreciation	23	29	52	60	71	80	82
Profit before tax	66	72	100	222	308	242	181
Tax %	24%	26%	30%	31%	30%	31%
Net Profit	49	53	70	152	217	167	127
EPS in Rs	9.85	10.64	7.04	15.18	16.84	11.72	8.64
Dividend Payout %	0%	0%	7%	7%	15%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	8.16%	32.08%	117.14%	42.76%	-23.04%
Change in YoY Net Profit Growth (%)	0.00%	23.91%	85.07%	-74.38%	-65.80%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	24%
3 Years:	22%
TTM:	-25%

Compounded Profit Growth
10 Years:	%
5 Years:	21%
3 Years:	21%
TTM:	-61%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	-6%
1 Year:	-29%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	7%
Last Year:	5%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:16 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	50	50	100	100	107	110	110
Reserves	432	515	1,473	1,627	2,265	2,651	2,673
Borrowings	694	847	423	836	822	1,070	1,327
Other Liabilities	146	252	301	327	584	771	808
Total Liabilities	1,323	1,664	2,298	2,891	3,778	4,602	4,918
Fixed Assets	681	977	1,115	1,202	1,417	1,501	2,020
CWIP	191	101	43	44	120	609	267
Investments	0	0	0	149	67	67	19
Other Assets	451	586	1,140	1,496	2,173	2,424	2,613
Total Assets	1,323	1,664	2,298	2,891	3,778	4,602	4,918

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	39	95	1	-171	292	59
Cash from Investing Activity +	-250	-178	-193	-412	-523	-392
Cash from Financing Activity +	206	102	416	384	371	395
Net Cash Flow	-6	19	224	-199	140	62

Free Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-601.00	-712.00	-229.00	-531.00	-391.00	380.00

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

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	88	89	92	95	95	143
Inventory Days	277	515	530	852	483	627
Days Payable	105	226	215	225	167	247
Cash Conversion Cycle	260	379	408	722	410	524
Working Capital Days	168	185	233	328	253	344
ROCE %		9%	10%	11%	13%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	65.40%	65.40%	65.18%	65.17%	65.16%	60.96%	60.80%	60.77%	60.73%	61.41%	61.26%	61.23%
FIIs	5.87%	5.73%	5.73%	4.98%	4.59%	8.19%	8.52%	9.79%	10.26%	9.13%	8.07%	7.14%
DIIs	3.32%	3.75%	3.68%	4.40%	4.40%	6.18%	4.98%	3.74%	1.76%	2.51%	2.56%	2.56%
Public	25.42%	25.12%	25.41%	25.45%	25.84%	24.67%	25.68%	25.71%	27.25%	26.96%	28.10%	29.06%
No. of Shareholders	71,454	60,629	65,071	65,870	71,492	73,326	66,507	61,504	61,129	60,089	57,623	62,218

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Small Cap Fund	2,086,516	1.26	198.07	11,015	2024-12-18	18842.5%
Aditya Birla Sun Life Pure Value Fund	321,844	0.54	30.55	11,015	2024-12-18	2821.87%
Nippon India Nifty Smallcap 250 Index Fund	16,067	0.14	1.53	11,015	2024-12-18	45.86%
Axis Nifty Smallcap 50 Index Fund	11,015	0.43	1.05	11,015	2024-12-18	0%
Motilal Oswal Nifty Smallcap 250 Index Fund	9,823	0.14	0.93	11,015	2024-12-18	-10.82%
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund	8,754	0.44	0.83	11,015	2024-12-18	-20.53%
SBI Nifty Smallcap 250 Index Fund	8,158	0.14	0.77	11,015	2024-12-18	-25.94%
ICICI Prudential Nifty Smallcap 250 Index Fund	3,725	0.14	0.35	11,015	2024-12-18	-66.18%
Motilal Oswal Nifty 500 Index Fund	972	0.01	0.09	11,015	2024-12-18	-91.18%
Edelweiss Nifty Smallcap 250 Index Fund	442	0.14	0.04	11,015	2024-12-18	-95.99%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	15.48	20.91	15.22	8.56	10.64
Diluted EPS (Rs.)	15.46	20.86	15.18	8.56	6.97
Cash EPS (Rs.)	22.51	26.66	21.11	12.20	16.38
Book Value[Excl.RevalReserv]/Share (Rs.)	251.49	233.38	172.26	157.46	113.08
Book Value[Incl.RevalReserv]/Share (Rs.)	251.49	233.38	172.26	157.46	113.08
Revenue From Operations / Share (Rs.)	134.36	149.06	106.34	81.15	105.78
PBDIT / Share (Rs.)	37.43	40.94	31.14	22.04	29.13
PBIT / Share (Rs.)	30.17	34.32	25.14	16.87	23.39
PBT / Share (Rs.)	22.02	28.49	22.07	10.01	14.33
Net Profit / Share (Rs.)	15.25	20.04	15.12	7.04	10.64
NP After MI And SOA / Share (Rs.)	11.71	16.83	15.18	7.04	10.64
PBDIT Margin (%)	27.85	27.46	29.28	27.15	27.53
PBIT Margin (%)	22.45	23.02	23.64	20.78	22.10
PBT Margin (%)	16.39	19.11	20.75	12.33	13.55
Net Profit Margin (%)	11.35	13.44	14.21	8.66	10.06
NP After MI And SOA Margin (%)	8.71	11.28	14.27	8.66	10.06
Return on Networth / Equity (%)	4.65	7.62	8.81	4.46	9.41
Return on Capital Employeed (%)	10.07	12.43	10.97	8.97	9.99
Return On Assets (%)	2.79	4.78	5.26	3.05	3.19
Long Term Debt / Equity (X)	0.07	0.14	0.28	0.15	0.92
Total Debt / Equity (X)	0.36	0.33	0.46	0.24	1.35
Asset Turnover Ratio (%)	0.35	0.48	0.41	0.40	0.35
Current Ratio (X)	1.69	2.60	2.43	2.59	1.12
Quick Ratio (X)	0.89	1.46	0.98	1.42	0.51
Inventory Turnover Ratio (X)	0.69	0.85	1.02	1.19	1.20
Dividend Payout Ratio (NP) (%)	16.71	5.78	3.28	0.00	0.00
Dividend Payout Ratio (CP) (%)	10.32	4.15	2.35	0.00	0.00
Earning Retention Ratio (%)	83.29	94.22	96.72	0.00	0.00
Cash Earning Retention Ratio (%)	89.68	95.85	97.65	0.00	0.00
Interest Coverage Ratio (X)	4.59	7.02	10.13	3.21	3.22
Interest Coverage Ratio (Post Tax) (X)	2.87	4.44	5.92	2.03	2.18
Enterprise Value (Cr.)	10438.77	9646.44	8830.95	4991.83	0.00
EV / Net Operating Revenue (X)	7.08	6.02	8.28	6.16	0.00
EV / EBITDA (X)	25.40	21.93	28.29	22.67	0.00
MarketCap / Net Operating Revenue (X)	6.47	5.80	7.73	6.04	0.00
Retention Ratios (%)	83.28	94.21	96.71	0.00	0.00
Price / BV (X)	3.45	3.91	4.77	3.11	0.00
Price / Net Operating Revenue (X)	6.47	5.80	7.73	6.04	0.00
EarningsYield	0.01	0.01	0.01	0.01	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 1,406.11

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 95.56% compared to the current share price 719.00

Intrinsic Value of as of December 21, 2024 is: 1,464.90

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 103.74% compared to the current share price 719.00

Last 5 Year EPS CAGR: 4.18%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,662.29 cr) compared to borrowings (859.86 cr), indicating strong financial stability. The company has shown consistent growth in sales (263.71 cr) and profit (170.14 cr) over the years.	The stock has a low average ROCE of 8.67%, which may not be favorable. The stock has a high average Working Capital Days of 251.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 450.50, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 11.35%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.07% (Industry Average ROCE: 14.09%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.65% (Industry Average ROE: 10.82%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.87
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.89
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 113 (Industry average Stock P/E: 58.01)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.36
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 1066.00 Cr. and Equity Capital is Rs. 100.25 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Speciality - Others	1101 to 1107, 11th Floor, Icon Rio, Behind Icon Business Centre, Surat Gujarat 395007	investors@anupamrasayan.com http://www.anupamrasayan.com

Management
Name	Position Held
Dr. Kiran C Patel	Chairman & Non-Exe.Director
Mrs. Mona A Desai	Vice Chairman & Whole Time Dir
Mr. Anand S Desai	Managing Director
Dr. Anuj Hemantbhai Thakar	Whole Time Director
Dr. Namrata Dharmendra Jariwala	Independent Director
Mr. Vijay Kumar Batra	Independent Director
Mr. Vinesh Prabhakar Sadekar	Independent Director
Mr. Hetul Krishnakant Mehta	Independent Director

FAQ

What is the latest intrinsic value of Anupam Rasayan India Ltd?

The latest intrinsic value of Anupam Rasayan India Ltd as on 20 December 2024 is ₹1406.11, which is 95.56% higher than the current market price of ₹719.00. The stock has a market capitalization of 7,897 Cr. and recorded a high/low of 1,107/673 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,673 Cr and total liabilities of ₹4,918 Cr.

What is the Market Cap of Anupam Rasayan India Ltd?

The Market Cap of Anupam Rasayan India Ltd is 7,897 Cr..

What is the current Stock Price of Anupam Rasayan India Ltd as on 20 December 2024?

The current stock price of Anupam Rasayan India Ltd as on 20 December 2024 is 719.

What is the High / Low of Anupam Rasayan India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Anupam Rasayan India Ltd stocks is 1,107/673.

What is the Stock P/E of Anupam Rasayan India Ltd?

The Stock P/E of Anupam Rasayan India Ltd is 113.

What is the Book Value of Anupam Rasayan India Ltd?

The Book Value of Anupam Rasayan India Ltd is 253.

What is the Dividend Yield of Anupam Rasayan India Ltd?

The Dividend Yield of Anupam Rasayan India Ltd is 0.17 %.

What is the ROCE of Anupam Rasayan India Ltd?

The ROCE of Anupam Rasayan India Ltd is 8.89 %.

What is the ROE of Anupam Rasayan India Ltd?

The ROE of Anupam Rasayan India Ltd is 4.91 %.

What is the Face Value of Anupam Rasayan India Ltd?

The Face Value of Anupam Rasayan India Ltd is 10.0.