Trading · Founded 1987 · www.anandrayons.com · BSE 542721 · · ISIN INE02GA01012
No Notes Added Yet
Business
Anand Rayons Ltd. (ARL) operates in the Trading sector, specializing in the Industry of Trading. As a trading company, its core business involves the purchase and sale of goods, which could include raw materials, intermediate products, or finished goods, across different markets or timeframes. The company typically generates revenue by profiting from the differential between the purchase price and the selling price of the traded goods (arbitrage), providing supply chain intermediation, or through commissions for facilitating transactions. The business model generally relies on market knowledge, sourcing capabilities, distribution networks, and efficient logistics.
Revenue Mix
Information regarding Anand Rayons Ltd.'s specific key segments, product lines, or their individual contributions to overall revenue is not publicly available. For a typical trading company, segments might be organized by product category, geographical region, or type of client served.
Industry
The trading industry in India is generally fragmented and highly competitive, characterized by diverse players ranging from small regional traders to large conglomerates. Competition can be intense, often leading to margin pressure, especially in commodity trading. Success in this industry relies heavily on efficient supply chain management, strong relationships with suppliers and buyers, market intelligence, and effective risk management. Without specific operational data, ARL's precise positioning relative to its peers (e.g., market share, niche focus, scale of operations) cannot be determined.
MOAT
Without specific details on Anand Rayons Ltd.'s operations, it is difficult to identify any definitive durable competitive advantages (moats). For a trading company, potential moats could include:
Scale: Ability to negotiate better prices due to large volume transactions.
Network Effects: Extensive and entrenched relationships with a wide base of suppliers and customers.
Proprietary Market Information: Superior intelligence on supply, demand, and price trends.
Logistics Efficiency: A highly optimized and cost-effective supply chain and distribution network.
Financial Strength: Ability to offer or obtain favorable credit terms, managing working capital efficiently.
However, it is not known if ARL possesses any of these attributes to a significant degree.
Growth Drivers
Potential growth drivers for Anand Rayons Ltd., common to the trading sector, include:
Economic Growth: Increased industrial activity and consumer demand driving higher trade volumes.
Expansion into New Markets: Venturing into new product categories or geographical regions.
Supply Chain Optimization: Enhancing efficiency to reduce costs and improve margins.
Digital Transformation: Adoption of technology for better market analysis, logistics, and customer engagement.
Increased Demand for Specific Commodities/Products: Favorable trends in the particular goods the company trades.
Risks
Key risks for Anand Rayons Ltd., inherent in the trading business, include:
Commodity Price Volatility: Sudden price swings in traded goods can erode margins or lead to inventory losses.
Geopolitical and Economic Instability: Disruptions to global supply chains, trade policies, and economic downturns can severely impact demand and operations.
Currency Fluctuations: For international trade, adverse movements in exchange rates can affect profitability.
Credit Risk: Risk of default by buyers or counterparties.
Intense Competition: Pressure from numerous players can lead to margin compression.
Logistics Disruptions: Delays, cost increases in transportation, or infrastructure bottlenecks.
Regulatory Changes: Alterations in trade tariffs, import/export duties, or other government policies.
Management & Ownership
Specific information regarding the promoters, management quality, or detailed ownership structure of Anand Rayons Ltd. is not provided. In India, many companies, especially in traditional sectors like trading, are promoter-led, where the founding family or group maintains significant control and strategic direction.
Outlook
The outlook for a trading company like Anand Rayons Ltd. is inherently tied to broader economic conditions and specific market dynamics of the goods it trades.
Bull Case: ARL could perform well by demonstrating strong market intelligence, efficient risk management, robust supplier/customer relationships, and agile adaptation to market changes. If it operates in high-growth product categories or effectively leverages its network to capture arbitrage opportunities, it can generate consistent profits, especially during periods of economic expansion or supply chain volatility.
Bear Case: The company faces significant challenges from intense competition, potentially thin margins, and exposure to commodity price volatility and macroeconomic downturns. Without clear competitive advantages or diversification, it could struggle to maintain profitability in a highly dynamic and often low-margin industry. Its success will depend on its ability to navigate these external factors and execute its trading strategy effectively.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 95 | 70 | 83 | 75 | 86 | 76 | 112 | 127 | 118 | 96 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Total Income | 95 | 70 | 83 | 75 | 86 | 76 | 113 | 127 | 119 | 96 |
| Total Expenditure | 92 | 69 | 81 | 73 | 83 | 75 | 111 | 122 | 115 | 93 |
| Operating Profit | 3 | 1 | 2 | 2 | 3 | 1 | 2 | 5 | 4 | 3 |
| Interest | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 5 | 3 | 2 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 5 | 3 | 2 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | 0 |
| Profit After Adjustments | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 5 | 3 | 2 |
| Adjusted Earnings Per Share | 1.3 | 0.3 | 0.7 | 0.5 | 1.2 | 0.6 | 0.7 | 2.1 | 1.2 | 1.1 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 283 | 244 | 207 | 334 | 337 | 344 | 314 | 433 | 453 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 4 |
| Total Income | 283 | 245 | 208 | 334 | 337 | 344 | 314 | 435 | 455 |
| Total Expenditure | 276 | 241 | 204 | 326 | 329 | 337 | 306 | 423 | 441 |
| Operating Profit | 7 | 4 | 4 | 8 | 7 | 7 | 8 | 12 | 14 |
| Interest | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 1 | 1 | 4 | 4 | 4 | 5 | 10 | 11 |
| Provision for Tax | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 0 |
| Profit After Tax | 2 | 1 | 1 | 3 | 3 | 3 | 3 | 7 | 11 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 1 | 1 | 3 | 3 | 3 | 3 | 7 | 11 |
| Adjusted Earnings Per Share | 2.1 | 0.4 | 0.5 | 2 | 2.1 | 2.1 | 1.9 | 3.4 | 5.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 38% | 9% | 16% | 0% |
| Operating Profit CAGR | 50% | 20% | 25% | 0% |
| PAT CAGR | 133% | 33% | 48% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -93% | -5% | -25% | NA% |
| ROE Average | 9% | 8% | 9% | 8% |
| ROCE Average | 10% | 10% | 11% | 10% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 14 | 26 | 27 | 30 | 33 | 36 | 77 | 102 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 10 | 9 | 10 | 8 | 8 | 5 | 4 | 1 |
| Other Non-Current Liabilities | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 30 | 30 | 32 | 41 | 35 | 33 | 18 | 50 |
| Total Liabilities | 54 | 66 | 69 | 79 | 76 | 74 | 99 | 153 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Other Non-Current Assets | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 4 |
| Total Current Assets | 52 | 64 | 68 | 78 | 75 | 72 | 97 | 148 |
| Total Assets | 54 | 66 | 69 | 79 | 76 | 74 | 99 | 153 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 24 |
| Cash Flow from Operating Activities | -36 | -14 | 0 | 9 | 7 | 5 | 11 | -11 |
| Cash Flow from Investing Activities | -1 | 1 | 0 | -0 | -2 | -2 | -24 | -14 |
| Cash Flow from Financing Activities | 37 | 14 | -1 | -9 | -0 | -0 | 22 | 36 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | -0 | 5 | 2 | 9 | 10 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 5 | 3 | 24 | 34 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.07 | 0.45 | 0.48 | 1.96 | 2.1 | 2.09 | 1.89 | 3.38 |
| CEPS(Rs) | 2.11 | 0.52 | 0.54 | 2.03 | 2.17 | 2.24 | 2.06 | 3.54 |
| DPS(Rs) | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 13.48 | 17.56 | 18.04 | 20 | 22.1 | 24.19 | 36.03 | 45.43 |
| Core EBITDA Margin(%) | 2.27 | 1.36 | 1.8 | 2.38 | 2.1 | 2.09 | 2.38 | 2.3 |
| EBIT Margin(%) | 2.28 | 1.63 | 1.89 | 2.38 | 2.1 | 2.05 | 2.31 | 2.77 |
| Pre Tax Margin(%) | 1.12 | 0.37 | 0.48 | 1.23 | 1.25 | 1.22 | 1.47 | 2.24 |
| PAT Margin (%) | 0.75 | 0.27 | 0.34 | 0.87 | 0.93 | 0.9 | 1.1 | 1.67 |
| Cash Profit Margin (%) | 0.77 | 0.32 | 0.38 | 0.9 | 0.96 | 0.97 | 1.2 | 1.75 |
| ROA(%) | 3.95 | 1.12 | 1.07 | 3.98 | 4.07 | 4.17 | 4.02 | 5.76 |
| ROE(%) | 15.38 | 3.34 | 2.7 | 10.31 | 9.99 | 9.03 | 6.78 | 8.85 |
| ROCE(%) | 15.11 | 7.8 | 6.46 | 12.88 | 11.11 | 10.76 | 9.24 | 10.41 |
| Receivable days | 62.81 | 65.57 | 77.81 | 60.09 | 61.45 | 49.81 | 52.39 | 56.87 |
| Inventory Days | 2.65 | 9.72 | 14.86 | 7.27 | 7.31 | 6.73 | 12.12 | 9.26 |
| Payable days | 12.67 | 11.03 | 8.4 | 11.51 | 12.51 | 7.6 | 6.78 | 3.45 |
| PER(x) | 0 | 77.64 | 64.97 | 25.47 | 16.77 | 18.18 | 105.9 | 18.55 |
| Price/Book(x) | 0 | 1.98 | 1.73 | 2.5 | 1.6 | 1.57 | 5.55 | 1.38 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.14 | 0.35 | 0.4 | 0.32 | 0.24 | 0.21 | 1.15 | 0.32 |
| EV/Core EBITDA(x) | 5.99 | 20.81 | 20.37 | 13.08 | 11.36 | 9.65 | 47.23 | 11.02 |
| Net Sales Growth(%) | 0 | -13.71 | -15.01 | 61.15 | 0.73 | 2.3 | -8.86 | 38 |
| EBIT Growth(%) | 0 | -38.01 | -0.83 | 101.4 | -11 | -0.05 | 2.6 | 64.61 |
| PAT Growth(%) | 0 | -68.59 | 7.47 | 307.78 | 7.18 | -0.58 | 10.87 | 108.8 |
| EPS Growth(%) | 0 | -78.42 | 7.46 | 307.8 | 7.18 | -0.58 | -9.62 | 78.77 |
| Debt/Equity(x) | 2.08 | 1.28 | 1.33 | 1.04 | 1.03 | 0.8 | 0.24 | 0.37 |
| Current Ratio(x) | 1.74 | 2.13 | 2.11 | 1.88 | 2.12 | 2.22 | 5.36 | 2.96 |
| Quick Ratio(x) | 1.67 | 1.76 | 1.92 | 1.71 | 1.94 | 2.02 | 4.56 | 2.81 |
| Interest Cover(x) | 1.97 | 1.29 | 1.34 | 2.07 | 2.46 | 2.47 | 2.75 | 5.22 |
| Total Debt/Mcap(x) | 0 | 0.65 | 0.77 | 0.42 | 0.64 | 0.51 | 0.04 | 0.27 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 70.72 | 71.42 | 71.42 | 58.22 | 51.53 | 52.19 | 52.19 | 52.57 | 52.57 | 53.6 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 29.28 | 28.58 | 28.58 | 41.78 | 48.47 | 47.81 | 47.81 | 47.43 | 47.43 | 46.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.06 | 1.07 | 1.07 | 1.07 | 1.08 | 1.11 | 1.11 | 1.13 | 1.13 | 1.17 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.43 | 0.43 | 0.77 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.5 | 1.5 | 1.5 | 1.84 | 2.1 | 2.13 | 2.13 | 2.15 | 2.15 | 2.19 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +38% | +9% | +16% | — |
| Operating Profit CAGR | +50% | +20% | +25% | — |
| PAT CAGR | +133% | +33% | +48% | — |
| Share Price CAGR | -93% | -5% | -25% | — |
| ROE Average | +9% | +8% | +9% | +8% |
| ROCE Average | +10% | +10% | +11% | +10% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 70.72 | 71.42 | 71.42 | 58.22 | 51.53 | 52.19 | 52.19 | 52.57 | 52.57 | 53.6 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 29.28 | 28.58 | 28.58 | 41.78 | 48.47 | 47.81 | 47.81 | 47.43 | 47.43 | 46.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.06 | 1.07 | 1.07 | 1.07 | 1.08 | 1.11 | 1.11 | 1.13 | 1.13 | 1.17 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.43 | 0.43 | 0.77 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.5 | 1.5 | 1.5 | 1.84 | 2.1 | 2.13 | 2.13 | 2.15 | 2.15 | 2.19 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.