Anupam Rasayan India Ltd - Stock Valuation and Financial Performance

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

Anupam Rasayan India Share Price

862.95 2.10 0.24%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Anupam Rasayan India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Anupam Rasayan India stock performance -

mw4me loader
P/E Ratio (SA):
69.79
Market Cap:
9,787.9 Cr.
52-wk low:
782.3
52-wk high:
1,249.8

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 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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Anupam Rasayan India Ltd is likely to Fall 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.7%19.6%17.1%9.7%6.9%6.5%6.9%6.5%7.6%8.1%-
Value Creation
Index
0.50.50.3-0.3-0.5-0.5-0.5-0.5-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2282722882883435025298111,0741,2841,192
Sales YoY Gr.-19.6%5.9%0%18.9%46.3%5.5%53.3%32.4%19.6%-
Adj EPS 3.66.78.66.789.911.36.214.817.412.3
YoY Gr.-86.6%29.1%-22.4%19.6%24.3%14.2%-45.4%139.3%17.2%-
BVPS (₹) 14.221.529.548.886.396.4113157.3171.6218.5262.7
Adj Net
Profit
17.833.34333.439.949.656.661.9149187140
Cash Flow from Ops. 5168.568.817.1-20.542.494.80.9-171244-
Debt/CF from Ops. 2.32.14.118.3-20.715.68.6432.6-4.63.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 21.2%30.2%34.4%19.6%
Adj EPS 19.2%16.8%15.3%17.2%
BVPS35.5%20.4%24.6%27.3%
Share Price - - 20.3% 3.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
28.837.233.716.811.310.310.35.799.15.1
Op. Profit
Mgn %
21.524.927.924.421.818.625.423.828.328.627.3
Net Profit
Mgn %
7.812.214.911.611.69.910.77.613.814.511.8
Debt to
Equity
1.61.31.91.30.91.31.40.30.50.3-
Working Cap
Days
147140155227302291349318362396267
Cash Conv.
Cycle
83535083123152173160221239142

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 34.41%

Net Profit is growing at healthy rate in last 3 years 15.29%

Return on Equity has declined versus last 3 years average to 5.10%

Sales growth is not so good in last 4 quarters at -4.75%

Latest Financials - Anupam Rasayan India Ltd.

Standalone Consolidated
TTM EPS (₹) 12.3 13.6
TTM Sales (₹ Cr.) 1,192 1,554
BVPS (₹.) 262.7 265.3
Reserves (₹ Cr.) 2,874 2,903
P/BV 3.28 3.24
PE 69.79 63.40
From the Market
52 Week Low / High (₹) 782.30 / 1249.75
All Time Low / High (₹) 472.25 / 1249.75
Market Cap (₹ Cr.) 9,788
Equity (₹ Cr.) 113.7
Face Value (₹) 10
Industry PE 47

Management X-Ray of Anupam Rasayan India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.009.29
* 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2282722882883435015298111,0741,284
Operating Expenses 179204208218268408400618770942
Manufacturing Costs2226543439104130203288273
Material Costs121134118123158257211340371513
Employee Cost 561213161821324954
Other Costs 303924485629384362102
Operating Profit 496880707593129193304342
Operating Profit Margin (%) 21.5%24.9%27.7%24.4%21.8%18.6%24.4%23.8%28.3%26.6%
Other Income 268116191727728
Interest 22142221152445693162
Depreciation 5101315182329526066
Exceptional Items 0000000000
Profit Before Tax 2450544549667199220242
Tax 614111091618306974
Profit After Tax 1836433540505370151169
PAT Margin (%) 8.1%13.3%14.8%12.1%11.6%10.0%10.0%8.6%14.0%13.1%
Adjusted EPS (₹)3.77.38.57.08.010.110.67.015.015.7
Dividend Payout Ratio (%)0%0%6%0%0%0%0%7%10%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 711081472504565065931,5721,7212,348
Share Capital 10505056757578100100107
Reserves 6158971943824325151,4721,6202,241
Minority Interest0000000000
Debt107129253280381609761290703591
Long Term Debt3857164223268455525247494355
Short Term Debt6972895711215423743208236
Trade Payables193434536274130199226284
Others Liabilities 2132475090136184243237346
Total Liabilities 2173034816329891,3251,6692,3042,8863,569

Fixed Assets

Gross Block1141793053744607831,0991,2881,4281,528
Accumulated Depreciation2433466179101121172225288
Net Fixed Assets901452593133816829781,1161,2031,240
CWIP 12164882481831014243113
Investments 02222000148158
Inventories515875103173195297491863880
Trade Receivables3027225688121129205280373
Cash Equivalents 2515151291027296210551
Others Assets2034445988134136153139252
Total Assets 2173034816329891,3251,6692,3042,8863,569

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 51686917-2142951-171244
PBT 2450544549667199220242
Adjustment 2724343632508112085146
Changes in Working Capital 0-5-19-64-93-61-48-201-441-90
Tax Paid 0000-9-13-9-17-35-54
Cash Flow From Investing Activity -37-88-168-93-246-261-178-192-412-478
Capex -39-86-168-93-247-258-180-145-147-207
Net Investments 0000012-47-265-273
Others 1-2001-40001
Cash Flow From Financing Activity 11910073266209102416384376
Net Proceeds from Shares 00068149009447481
Net Proceeds from Borrowing 00107584618743-234257-149
Interest Paid -22-14-21-21-15-24-44-69-31-58
Dividend Paid 00-300000-10-20
Others 332316-328547103-225160122
Net Cash Flow 24-100-3-1-919224-199142
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)29.7740.6333.4617.7911.811110.126.549.168.28
ROCE (%)28.7229.2222.1913.338.838.799.049.9711.2110.73
Asset Turnover Ratio1.291.10.780.520.420.430.350.410.410.4
PAT to CFO Conversion(x)2.831.891.60.49-0.530.841.790.01-1.131.44
Working Capital Days
Receivable Days42362949777686758393
Inventory Days806980113147134170177230248
Payable Days487210412813396176176209182

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 28-Mar-2024 16:01 is ₹863.0.
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 28-Mar-2024 16:01 the market cap of Anupam Rasayan India stood at ₹9,787.9.
The latest P/E ratio of Anupam Rasayan India as of 28-Mar-2024 16:01 is 69.79.
The latest P/B ratio of Anupam Rasayan India as of 28-Mar-2024 16:01 is 3.28.
The 52-week high of Anupam Rasayan India is ₹1,249.8 and the 52-week low is ₹782.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Anupam Rasayan India is ₹1,192 ( 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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