Anupam Rasayan India

₹790 -2.1 | 0.3%

WEBSITE BSE:543275 NSE : ANURAS 10 May, 16:01

Market Cap ₹8673 Cr.

Stock P/E 55.1

P/B 3.3

Current Price ₹790

Book Value ₹ 241.1

Face Value 10

52W High ₹1249.8

Dividend Yield 0.32%

52W Low ₹ 782.3

Edit Ratio

Anupam Rasayan India Research see more...

Overview Inc. Year: 2003Industry: Chemicals

Anupam Rasayan India Ltd. engages within the custom synthesis and manufacturing of unique chemical compounds in India. The organisation offers life technology associated speciality chemicals, inclusive of agro intermediates and agro active elements for the agrochemicals industry; anti-bacterial and ultra violet safety intermediates and ingredients for the personal care industry; and intermediates and key starting materials for active pharmaceutical components. It also gives other chemicals utilized in various end-user segments, comprising speciality pigments, speciality dyes, and polymer additives. It also exports its merchandise. Anupam Rasayan India Ltd. was established in 1984 and is primarily based in Surat, India.

Anupam Rasayan India Share Price

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Peer Comparison

Anupam Rasayan India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	249	266	325	344	393	392	480	386	392	296
Other Income	6	5	-8	-9	-10	-3	24	12	3	2
Total Income	255	271	317	334	383	389	504	399	396	298
Total Expenditure	185	191	220	245	282	281	363	285	285	216
Operating Profit	70	80	97	89	101	108	142	114	111	81
Interest	5	5	14	12	16	14	20	18	20	25
Depreciation	15	15	15	16	18	18	19	19	20	20
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	50	59	68	61	67	75	103	77	71	36
Provision for Tax	14	21	22	20	20	21	30	25	22	10
Profit After Tax	36	38	45	41	48	54	73	52	49	26
Adjustments	-0	-0	1	-1	-6	-11	-16	-14	-8	-8
Profit After Adjustments	36	38	46	40	42	43	57	39	41	18
Adjusted Earnings Per Share	3.6	3.8	4.6	4	4.1	4	5.3	3.6	3.8	1.7

Anupam Rasayan India Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	288	288	343	501	529	811	1074	1602	1554
Other Income	8	11	6	20	17	27	7	34	41
Total Income	296	299	349	521	545	838	1081	1636	1597
Total Expenditure	208	218	268	408	400	617	769	1196	1149
Operating Profit	87	81	81	113	146	220	312	440	448
Interest	21	21	15	24	45	69	31	63	83
Depreciation	13	15	18	23	29	52	60	71	78
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	54	45	49	66	72	100	222	308	287
Provision for Tax	11	10	9	16	18	30	70	91	87
Profit After Tax	43	35	40	50	53	70	152	217	200
Adjustments	0	0	1	-1	0	0	0	-36	-46
Profit After Adjustments	43	35	41	49	53	70	152	181	155
Adjusted Earnings Per Share	8.5	7	8.2	9.8	10.6	7	15.2	16.8	14.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	49%	45%	36%	0%
Operating Profit CAGR	41%	44%	40%	0%
PAT CAGR	43%	60%	40%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-30%	2%	NA%	NA%
ROE Average	11%	9%	10%	13%
ROCE Average	13%	11%	10%	11%

Anupam Rasayan India Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	147	250	457	507	594	1573	1727	2373
Minority's Interest	0	0	0	0	0	0	0	135
Borrowings	164	223	268	462	525	247	494	355
Other Non-Current Liabilities	7	9	10	14	52	57	74	104
Total Current Liabilities	163	151	266	341	500	429	595	811
Total Liabilities	481	632	1001	1324	1670	2307	2891	3778
Fixed Assets	259	313	382	681	977	1115	1202	1417
Other Non-Current Assets	70	94	281	218	135	92	242	249
Total Current Assets	152	226	338	425	558	1099	1447	2111
Total Assets	481	632	1001	1324	1670	2307	2891	3778

Anupam Rasayan India Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	15	8	7	-2	17	241	48
Cash Flow from Operating Activities	69	17	-22	39	95	1	-171	292
Cash Flow from Investing Activities	-168	-93	-255	-250	-178	-193	-412	-523
Cash Flow from Financing Activities	115	73	277	206	102	416	384	371
Net Cash Inflow / Outflow	15	-3	-1	-6	19	224	-199	140
Closing Cash & Cash Equivalent	15	12	7	2	17	241	42	188

Anupam Rasayan India Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.53	6.96	8.17	9.85	10.64	7.04	15.18	16.83
CEPS(Rs)	11.04	10.03	11.49	14.55	16.38	12.2	21.18	26.79
DPS(Rs)	0.5	0	0	0	0	0.5	1.5	2.5
Book NAV/Share(Rs)	29.45	48.75	86.51	96.5	113.08	157.4	171.85	219.76
Core EBITDA Margin(%)	26.08	22.53	21.85	18.56	24.41	23.87	28.39	25.33
EBIT Margin(%)	24.55	21.1	18.59	17.96	22.11	20.79	23.53	23.12
Pre Tax Margin(%)	17.59	14.33	14.34	13.1	13.55	12.33	20.66	19.21
PAT Margin (%)	13.97	11.14	11.64	10.01	10.06	8.67	14.17	13.54
Cash Profit Margin (%)	18.09	16.07	16.77	14.5	15.49	15.04	19.77	17.97
ROA(%)	8.86	6.25	4.88	4.32	3.55	3.54	5.86	6.5
ROE(%)	28.96	17.79	11.8	10.97	10.15	6.58	9.24	10.62
ROCE(%)	17.59	13.33	8.76	8.7	9.03	10	11.27	13.03
Receivable days	25.98	45.36	76.82	76.05	86.3	75.39	82.53	79.2
Inventory Days	90.26	104.4	146.76	133.88	169.92	177.63	230.37	204.46
Payable days	103.89	127.57	132.91	96.46	176.8	177.56	210.87	142.76
PER(x)	0	0	0	0	0	69.71	54.18	51.36
Price/Book(x)	0	0	0	0	0	3.12	4.79	3.93
Dividend Yield(%)	0	0	0	0	0	0.1	0.18	0.29
EV/Net Sales(x)	1.09	1.24	1.46	1.47	1.64	6.16	8.22	5.94
EV/Core EBITDA(x)	3.59	4.38	6.16	6.55	5.97	22.67	28.29	21.62
Net Sales Growth(%)	0	0.18	18.89	46.31	5.46	53.32	32.42	49.19
EBIT Growth(%)	0	-12.1	-3.25	41.35	29.82	44.15	49.92	46.56
PAT Growth(%)	0	-18.43	14.67	25.86	5.97	32.12	116.48	42.49
EPS Growth(%)	0	-18.43	17.44	20.53	8.04	-33.89	115.78	10.86
Debt/Equity(x)	1.89	1.25	0.95	1.32	1.38	0.25	0.46	0.33
Current Ratio(x)	0.94	1.49	1.27	1.25	1.12	2.56	2.43	2.6
Quick Ratio(x)	0.47	0.81	0.62	0.67	0.52	1.42	0.98	1.46
Interest Cover(x)	3.53	3.12	4.38	3.7	2.58	2.46	8.2	5.91
Total Debt/Mcap(x)	0	0	0	0	0	0.08	0.1	0.08

Anupam Rasayan India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.4	65.18	65.17	65.16	60.96	60.81	60.77	60.73	61.41	61.26
FII	5.73	5.73	4.98	4.59	8.19	8.52	9.79	10.26	9.13	8.07
DII	3.75	3.68	4.4	4.4	6.18	4.98	3.74	1.76	2.51	2.56
Public	25.12	25.41	25.45	25.85	24.67	25.69	25.69	27.25	26.95	28.11
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.53	6.53	6.53	6.53	6.53	6.53	6.53	6.53	6.73	6.73
FII	0.57	0.57	0.5	0.46	0.88	0.92	1.05	1.1	1	0.89
DII	0.37	0.37	0.44	0.44	0.66	0.54	0.4	0.19	0.28	0.28
Public	2.51	2.55	2.55	2.59	2.64	2.76	2.76	2.93	2.95	3.09
Others	0	0	0	0	0	0	0	0	0	0
Total	9.99	10.02	10.03	10.03	10.72	10.75	10.75	10.76	10.95	10.98

Pros

Company has delivered good profit growth of 40% CAGR over last 5 years
Debtor days have improved from 210.87 to 142.76days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
Stock is trading at 3.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.