Anupam Rasayan India Ltd - Stock Valuation and Financial Performance

BSE: 543275 | NSE: ANURAS | Chemicals | Small Cap

Anupam Rasayan India Share Price

712.50 -22.05 -3.00%
as on 18-Nov'24 16:59

DeciZen - make an informed investing decision on Anupam Rasayan India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Anupam Rasayan India stock performance -

mw4me loader
P/E Ratio (SA):
132.29
Market Cap:
7,818.5 Cr.
52-wk low:
672.8
52-wk high:
1,107.5

Is Anupam Rasayan India Ltd an attractive stock to invest in?

1. Is Anupam Rasayan India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Anupam Rasayan India Ltd is a below average quality company.

2. Is Anupam Rasayan India Ltd undervalued or overvalued?

The key valuation ratios of Anupam Rasayan India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Anupam Rasayan India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Anupam Rasayan India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Anupam Rasayan India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Anupam Rasayan India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 29.2%22.2%13.3%8.8%8.8%9%10%11.2%10.7%7.6%-
Value Creation
Index
1.20.60.0-0.4-0.4-0.3-0.3-0.2-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2722882883435025298111,0741,2841,129878
Sales YoY Gr.-5.9%0%18.9%46.3%5.5%53.3%32.4%19.6%-12.1%-
Adj EPS 6.78.66.789.911.36.214.817.4105.4
YoY Gr.-29.1%-22.4%19.6%24.3%14.2%-45.4%139.3%17.2%-42.3%-
BVPS (₹) 21.529.548.886.396.4113157.3171.6218.5240.7249.9
Adj Net
Profit
33.34333.439.949.656.661.914918711059
Cash Flow from Ops. 68.568.817.1-20.542.494.80.9-17124421.8-
Debt/CF from Ops. 2.14.118.3-20.715.68.6432.6-4.63.246.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.1%17.6%11.7%-12.1%
Adj EPS 4.6%0.2%17.4%-42.3%
BVPS30.8%20.1%15.2%10.1%
Share Price - - -4.3% -23.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
37.233.716.811.310.310.35.799.14.32.2
Op. Profit
Mgn %
24.927.924.421.818.625.423.828.328.627.225.8
Net Profit
Mgn %
12.214.911.611.69.910.77.613.814.59.76.7
Debt to
Equity
1.31.91.30.91.31.40.30.50.30.40.1
Working Cap
Days
140155227302291349318362396576402
Cash Conv.
Cycle
535083123152173160221239307128

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.65%

Net Profit is growing at healthy rate in last 3 years 17.38%

Return on Equity has declined versus last 3 years average to 2.20%

Sales growth is not so good in last 4 quarters at -31.83%

Latest Financials - Anupam Rasayan India Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 6.4
TTM Sales (₹ Cr.) 878 1,245
BVPS (₹.) 249.9 253.3
Reserves (₹ Cr.) 2,636 2,673
P/BV 2.85 2.81
PE 132.29 111.85
From the Market
52 Week Low / High (₹) 672.75 / 1107.45
All Time Low / High (₹) 472.25 / 1249.75
Market Cap (₹ Cr.) 7,819
Equity (₹ Cr.) 109.9
Face Value (₹) 10
Industry PE 55.9

Management X-Ray of Anupam Rasayan India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.009.299.2910.7813.75
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Anupam Rasayan India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2722882883435015298111,0741,2841,129
Operating Expenses 204208218268408400618770917822
Manufacturing Costs26543439104130203288273266
Material Costs134118123158257211340371513426
Employee Cost 6121316182132495454
Other Costs 39244856293843627675
Operating Profit 6880707593129193304367307
Operating Profit Margin (%) 24.9%27.7%24.4%21.8%18.6%24.4%23.8%28.3%28.6%27.2%
Other Income 681161917277226
Interest 14222115244569316287
Depreciation 10131518232952606672
Exceptional Items 0000000000
Profit Before Tax 50544549667199220242174
Tax 1411109161830697456
Profit After Tax 36433540505370151169117
PAT Margin (%) 13.3%14.8%12.1%11.6%10.0%10.0%8.6%14.0%13.1%10.4%
Adjusted EPS (₹)7.38.57.08.010.110.67.015.015.710.7
Dividend Payout Ratio (%)0%6%0%0%0%0%7%10%16%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1081472504565065931,5721,7212,3482,642
Share Capital 505056757578100100107110
Reserves 58971943824325151,4721,6202,2412,532
Minority Interest0000000000
Debt129253280381609761290703591894
Long Term Debt57164223268455525247494355195
Short Term Debt72895711215423743208236698
Trade Payables3434536274130199226284388
Others Liabilities 32475090136184243237346427
Total Liabilities 3034816329891,3251,6692,3042,8863,5694,351

Fixed Assets

Gross Block1793053744607831,0991,2881,4281,5351,641
Accumulated Depreciation33466179101121172225295365
Net Fixed Assets1452593133816829781,1161,2031,2401,277
CWIP 2164882481831014243113579
Investments 2222000148158159
Inventories5875103173195297491863880991
Trade Receivables27225688121129205280373545
Cash Equivalents 15151291027296210551279
Others Assets34445988134136153139252521
Total Assets 3034816329891,3251,6692,3042,8863,5694,351

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 686917-2142951-17124422
PBT 50544549667199220242174
Adjustment 24343632508112085146142
Changes in Working Capital -5-19-64-93-61-48-201-441-90-265
Tax Paid 000-9-13-9-17-35-54-29
Cash Flow From Investing Activity -88-168-93-246-261-178-192-412-478-362
Capex -86-168-93-247-258-180-145-147-207-624
Net Investments 000012-47-265-273261
Others -2001-400012
Cash Flow From Financing Activity 910073266209102416384376398
Net Proceeds from Shares 0068149009447481189
Net Proceeds from Borrowing 0107584618743-234257-149-151
Interest Paid -14-21-21-15-24-44-69-31-58-82
Dividend Paid 0-300000-10-20-22
Others 2316-328547103-225160122462
Net Cash Flow -100-3-1-919224-19914258
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)40.6333.4617.7911.811110.126.549.168.284.7
ROCE (%)29.2222.1913.338.838.799.049.9711.2110.737.57
Asset Turnover Ratio1.10.780.520.420.430.350.410.410.40.28
PAT to CFO Conversion(x)1.891.60.49-0.530.841.790.01-1.131.440.19
Working Capital Days
Receivable Days362949777686758393148
Inventory Days6980113147134170177230248303
Payable Days7210412813396176176209182288

Anupam Rasayan India Ltd Stock News

Anupam Rasayan India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Anupam Rasayan India on 18-Nov-2024 16:59 is ₹712.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Anupam Rasayan India stood at ₹7,818.5.
The latest P/E ratio of Anupam Rasayan India as of 18-Nov-2024 16:59 is 132.3.
The latest P/B ratio of Anupam Rasayan India as of 18-Nov-2024 16:59 is 2.85.
The 52-week high of Anupam Rasayan India is ₹1,107.5 and the 52-week low is ₹672.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Anupam Rasayan India is ₹877.8 ( Cr.) .

About Anupam Rasayan India Ltd

Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. It commenced business as a partnership firm in 1984 as a manufacturer of conventional products and has, over the years, evolved into custom synthesis and manufacturing of life science related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers. Its key focus in its custom synthesis and manufacturing operations is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.

Business area of the company

The company has two distinct business verticals (i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and (ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.

Awards and Accreditations

  • 2016: Awarded ‘Green Innovation Award’ by Corning Reactor Technology for the year 2015.

Major events and milestones

  • 1984: The company was initially formed as a partnership firm as ‘Anupam Rasayan’ to commence the business of manufacture and sale of chemicals.
  • 2003: The partnership firm was converted into a joint stock company and was registered as a public limited company under the Companies Act 1956 under the name of ‘Anupam Rasayan India Limited’.
  • 2010: Started supplying specialty chemicals to Syngenta Asia Pacific Pte Ltd in Singapore.
  • 2014; Purchased the entire lease hold rights over the property and manufacturing facility at Jhagadia, Gujarat from Krishna Solvechem pursuant to a Deed of Conveyance  dated August 13, 2014 and an Asset Transfer Agreement dated May 16, 2014 respectively.
  • 2015: Received consent to establish for setting up industrial plant at Jhagadia Unit-5 from GPCB.
  • 2016: KPI LLC made its first tranche of investment in company.
  • 2017: Commenced supply of speciality chemicals to Sumitomo Chemical Company in Japan.
  • 2018: KPI LLC invested $35 million as an external commercial borrowing in company.
  • 2019: Received consolidated consents and authorisation for Jhagadia Unit - 5 and Sachin Unit-6, both from GPCB.
  • 2020: Received consolidated consent and authorisation for the research and development centre on Sachin Unit-6 from GPCB.
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