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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543275 | NSE: ANURAS

Fundamental Analysis of Anupam Rasayan India Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:26 am

Market Cap 9,257 Cr.
Current Price 843
High / Low1,250/782
Stock P/E60.0
Book Value 223
Dividend Yield0.30 %
ROCE12.6 %
ROE8.82 %
Face Value 10.0

Data Source:

Competitors of Anupam Rasayan India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rossari Biotech Ltd 4,177 Cr. 756904/65733.3 1770.07 %18.4 %12.4 % 2.00
Chemcon Speciality Chemicals Ltd 917 Cr. 250319/23034.3 1281.60 %15.4 %12.5 % 10.0
Panama Petrochem Ltd 2,053 Cr. 340387/27511.1 1682.35 %34.9 %27.1 % 2.00
Aether Industries Ltd 11,059 Cr. 8351,211/76285.5 1540.00 %18.4 %15.9 % 10.0
Aarti Surfactants Ltd 538 Cr. 636854/54325.2 2580.00 %14.1 %11.0 % 10.0
Industry Average3,748.80 Cr563.4037.88177.000.80%20.24%15.78%6.80

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit53636164751059911111111710110779
OPM %29%23%26%26%28%32%29%28%28%24%26%27%27%
Other Income53465-7-8-10-3241232
Profit before tax313344505968626775103777136
Tax %31%33%27%28%36%33%32%29%28%29%32%31%28%
Net Profit22223236384642485473524926
EPS in Rs2.512.223.213.613.794.603.964.

Last Updated: April 10, 2024, 6:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 4:33 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit93135194305431405
OPM %19%25%24%28%27%26%
Other Income19112681042
Profit before tax6672100222308287
Tax %24%26%30%31%30%
Net Profit495370152217200
EPS in Rs9.8510.647.0415.1816.8414.33
Dividend Payout %0%0%7%7%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

YoY Net Profit Growth (%)8.16%32.08%117.14%42.76%
Change in YoY Net Profit Growth (%)0.00%23.91%85.07%-74.38%


Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:45%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:51%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:14%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:%
3 Years:8%
Last Year:9%

Last Updated: April 16, 2024, 6:24 pm

Balance Sheet

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5050100100107108
Preference Capital2528-0-0-0
Other Liabilities170280301327584686
Total Liabilities1,3231,6642,2982,8913,7784,243
Fixed Assets6819771,1151,2021,4171,449
Other Assets4515861,1401,4962,1732,413
Total Assets1,3231,6642,2982,8913,7784,243

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 39951-171292
Cash from Investing Activity -250-178-193-412-523
Cash from Financing Activity 206102416384371
Net Cash Flow-619224-199140

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow68.00107.00194.00305.00431.00

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 2023
Debtor Days8889929595
Inventory Days277515530852483
Days Payable105226215225167
Cash Conversion Cycle260379408722410
Working Capital Days168185233328253
ROCE %9%10%11%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders1,60,29877,37171,45460,62965,07165,87071,49273,32666,50761,50461,12960,089

Shareholding Pattern Chart

No. of Shareholders

Anupam Rasayan India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund20865161.26198.07
Aditya Birla Sun Life Pure Value Fund3218440.5430.55
Nippon India Nifty Smallcap 250 Index Fund160670.141.53
Axis Nifty Smallcap 50 Index Fund110150.431.05
Motilal Oswal Nifty Smallcap 250 Index Fund98230.140.93
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund87540.440.83
SBI Nifty Smallcap 250 Index Fund81580.140.77
ICICI Prudential Nifty Smallcap 250 Index Fund37250.140.35
Motilal Oswal Nifty 500 Index Fund9720.010.09
Edelweiss Nifty Smallcap 250 Index Fund4420.140.04

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)20.9115.228.5610.649.85
Diluted EPS (Rs.)20.8615.188.566.976.60
Cash EPS (Rs.)26.6621.1112.2016.3814.55
Book Value[Excl.RevalReserv]/Share (Rs.)233.38172.26157.46113.0896.41
Book Value[Incl.RevalReserv]/Share (Rs.)233.38172.26157.46113.0896.41
Revenue From Operations / Share (Rs.)149.06106.3481.15105.78100.30
PBDIT / Share (Rs.)40.9431.1422.0429.1322.52
PBIT / Share (Rs.)34.3225.1416.8723.3918.01
PBT / Share (Rs.)28.4922.0710.0114.3313.15
Net Profit / Share (Rs.)20.0415.127.0410.6410.05
NP After MI And SOA / Share (Rs.)16.8315.187.0410.649.85
PBDIT Margin (%)27.4629.2827.1527.5322.44
PBIT Margin (%)23.0223.6420.7822.1017.95
PBT Margin (%)19.1120.7512.3313.5513.11
Net Profit Margin (%)13.4414.218.6610.0610.01
NP After MI And SOA Margin (%)11.2814.278.6610.069.82
Return on Networth / Equity (%)7.628.814.469.4110.22
Return on Capital Employeed (%)12.4310.978.979.999.23
Return On Assets (%)4.785.
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.330.460.241.351.26
Asset Turnover Ratio (%)0.480.410.400.350.43
Current Ratio (X)2.602.432.591.121.26
Quick Ratio (X)1.460.981.420.510.68
Inventory Turnover Ratio (X)0.851.
Dividend Payout Ratio (NP) (%)5.783.
Dividend Payout Ratio (CP) (%)4.152.350.000.000.00
Earning Retention Ratio (%)94.2296.720.000.000.00
Cash Earning Retention Ratio (%)95.8597.650.000.000.00
Interest Coverage Ratio (X)7.0210.
Interest Coverage Ratio (Post Tax) (X)4.445.922.032.183.07
Enterprise Value (Cr.)9646.448830.954991.830.000.00
EV / Net Operating Revenue (X)
EV / EBITDA (X)21.9328.2922.670.000.00
MarketCap / Net Operating Revenue (X)5.807.736.040.000.00
Retention Ratios (%)94.2196.710.000.000.00
Price / BV (X)3.914.773.110.000.00
Price / Net Operating Revenue (X)5.807.736.040.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1183.66

The stock is undervalued by 40.41% compared to the current price ₹843

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.

*Investments are subject to market risks

Strength and Weakness

  1. The company has higher reserves (1,440.67 cr) compared to borrowings (8.83 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (307.50 cr) and profit (175.83 cr) over the years.
  1. The stock has a low average ROCE of 8.60%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 233.40, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 435.80, which may not be favorable.

Stock Analysis

  • 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 Anupam Rasayan India Ltd:
    1. Net Profit Margin: 13.44%
      • 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: 12.43% (Industry Average ROCE: 20.24%)
      • 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%: 7.62% (Industry Average ROE: 15.78%)
      • 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): 4.44
      • 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: 1.46
      • 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: 60.0 (Industry average Stock P/E: 37.88)
      • 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: 0.33
      • 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

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.
Chemicals - Speciality - Others1101 to 1107, 11th Floor, Icon Rio, Behind Icon Business Centre, Surat Gujarat
NamePosition Held
Dr. Kiran C PatelChairman & Non-Exe.Director
Mrs. Mona A DesaiVice Chairman & Whole Time Dir
Mr. Anand S DesaiManaging Director
Mr. Milan R ThakkarNon Executive Director
Dr. Namrata Dharmendra JariwalaIndependent Director
Mr. Vijay Kumar BatraIndependent Director
Mr. Vinesh Prabhakar SadekarIndependent Director
Mr. Hetul Krishnakant MehtaIndependent Director

Anupam Rasayan India Ltd. Share Price Update

Share PriceValue
Previous Day₹851.15


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

The latest fair value of Anupam Rasayan India Ltd is ₹1183.66.

What is the Market Cap of Anupam Rasayan India Ltd?

The Market Cap of Anupam Rasayan India Ltd is 9,257 Cr..

What is the current Stock Price of Anupam Rasayan India Ltd as on 23 April 2024?

The current stock price of Anupam Rasayan India Ltd as on 23 April 2024 is 843.

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

In FY 2024, the High / Low of Anupam Rasayan India Ltd stocks is ₹1,250/782.

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

The Stock P/E of Anupam Rasayan India Ltd is 60.0.

What is the Book Value of Anupam Rasayan India Ltd?

The Book Value of Anupam Rasayan India Ltd is 223.

What is the Dividend Yield of Anupam Rasayan India Ltd?

The Dividend Yield of Anupam Rasayan India Ltd is 0.30 %.

What is the ROCE of Anupam Rasayan India Ltd?

The ROCE of Anupam Rasayan India Ltd is 12.6 %.

What is the ROE of Anupam Rasayan India Ltd?

The ROE of Anupam Rasayan India Ltd is 8.82 %.

What is the Face Value of Anupam Rasayan India Ltd?

The Face Value of Anupam Rasayan India Ltd is 10.0.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 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