Anmol India Ltd. (ANMOL) AI Stock Analysis

• Market Cap: ₹623.21M
• Dividend Yield: N/A
• Average Volume (3M): 4.79K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 1.26
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 8
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Coal
• EPS (TTM): 0.52
• Shares Outstanding: 56,914,150
• 10 Day Avg. Volume: 7,289
• 30 Day Avg. Volume: 4,794
• PEG Ratio: -0.19
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -0.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹11.00 ▼(-21.99% Downside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is held down mainly by weakened financial performance—margin compression, sharply higher leverage, and a significant cash-flow reversal in 2025. Technicals are mixed (short-term support but longer-term downtrend and negative MACD), while the low P/E provides some valuation support.

Positive Factors

Multi-year revenue growth track record

The company delivered multi-year top-line expansion through 2024, showing an ability to grow volumes or market share over several years. A sustained growth track record supports long-term commercial durability and indicates established customer channels and operational scale.

Demonstrated cash-generation capability (2024)

The firm has shown it can produce substantial operating cash when market and operating conditions align. That historical cash-generation ability implies the business model can be cash positive, providing a path to repair liquidity and fund operations when volumes or pricing recover.

Expanded asset base and prior high ROE

Asset expansion alongside a prior ROE near 21% indicates the company scaled productive capacity and delivered strong returns in favorable years. A larger asset base and prior efficiency provide structural capacity to monetize resources and rebuild profitability over time.

Negative Factors

Rising leverage and weakened balance sheet

Leverage has increased materially, more than doubling debt-to-equity in a year, which reduces financial flexibility. Higher indebtedness raises interest costs, covenant and refinancing risk, and limits ability to invest, making the capital structure more vulnerable during industry downturns.

Sharp cash-flow reversal in 2025

A swing from strong positive to deeply negative operating cash flow signals unstable cash conversion and working-capital strain. Persistent or recurrent negative OCF raises funding needs, increases reliance on debt or asset sales, and creates sustained liquidity risk for operations and capex.

Margin compression and weaker profitability

Margins have compressed materially, leaving earnings thin and sensitive to commodity price or cost shifts. Lower gross and net margins reduce the margin of safety, depress returns on capital, and make long-term profitability contingent on sustained pricing improvement or cost reduction.

Anmol India Ltd. Business Overview & Revenue Model

Company Description

Anmol India Limited engages in the trading of coal and related products in India. The company primarily trades in GCV coal, USA coal, Indonesian coal, Saudi pet coke, and USA pet coke. It serves brick kiln industry, coal traders, and other industries. Anmol India Limited was incorporated in 1998 and is based in Ludhiana, India.

How the Company Makes Money

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Anmol India Ltd. Financial Statement Overview

Summary

Recent fundamentals weakened materially: 2025 revenue fell (~6.5%), margins compressed (net margin ~0.5% vs ~1.4% prior year), leverage rose sharply (debt ~2.0x equity vs ~0.85x), and operating/free cash flow turned deeply negative after a strong 2024. Prior multi-year growth is a positive, but the latest year’s profitability, leverage, and cash burn dominate.

Income Statement

Revenue scaled meaningfully from 2020 to 2024, but the most recent year (2025) saw a decline of about 6.5%, signaling a slowdown. Profitability is consistently thin for the sector: gross margin is ~1.5% in 2025 versus ~2.2% in 2024, and net margin fell sharply to ~0.5% in 2025 from ~1.4% in 2024, with net income dropping materially. Overall, the business shows a history of growth but currently faces margin compression and weaker earnings momentum.

Balance Sheet

Leverage increased significantly in 2025, with debt rising to ~2.0x equity versus ~0.85x in 2024, reducing financial flexibility. Returns also weakened, with return on equity dropping to ~6.5% in 2025 from ~21% in 2024, reflecting lower profitability and/or higher capital burden. While total assets expanded, the balance sheet risk profile has moved in the wrong direction due to the heavier debt load.

Cash Flow

Cash generation is volatile and recently deteriorated: operating cash flow swung to about -1.2B in 2025 from +2.1B in 2024, with free cash flow also deeply negative in 2025. Earlier years also showed multiple periods of negative operating and free cash flow, pointing to working-capital or cash-conversion instability. The 2024 cash performance was strong, but the sharp reversal in 2025 elevates near-term liquidity and funding risk.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	13.31B	12.74B	15.01B	14.10B	10.59B	6.91B
Gross Profit	233.90M	197.10M	335.65M	313.97M	259.18M	150.65M
EBITDA	284.80M	256.70M	341.45M	321.05M	275.21M	162.22M
Net Income	87.10M	69.90M	212.20M	186.57M	155.55M	99.65M
Balance Sheet
Total Assets	0.00	3.59B	2.83B	4.65B	2.97B	1.44B
Cash, Cash Equivalents and Short-Term Investments	1.38B	1.38B	1.50B	1.72B	1.19B	598.54M
Total Debt	0.00	2.20B	852.96M	2.95B	1.79B	469.44M
Total Liabilities	-1.07B	2.51B	1.82B	3.86B	2.36B	1.05B
Stockholders Equity	1.07B	1.07B	1.01B	791.14M	603.97M	395.74M
Cash Flow
Free Cash Flow	0.00	-1.21B	2.12B	-442.50M	-640.97M	-58.58M
Operating Cash Flow	0.00	-1.20B	2.12B	-439.51M	-634.77M	-55.94M
Investing Cash Flow	0.00	-111.00M	-112.86M	-81.92M	-81.41M	25.52M
Financing Cash Flow	0.00	1.19B	-2.23B	1.06B	1.31B	74.18M

Anmol India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SURYALAXMI	55 Neutral	₹979.94M	53.55	―	―	4.60%	226.64%
DAMODARIND	54 Neutral	₹548.48M	17.63	―	―	-19.99%	259.87%
NAGREEKEXP	51 Neutral	₹741.54M	31.72	―	―	-27.67%	-61.81%
ANMOL	47 Neutral	₹623.21M	6.70	―	―	―	―
SELMC	42 Neutral	₹973.17M	-0.62	―	―	―	―