Anmol India Ltd. (ANMOL) AI Stock Analysis

• Market Cap: ₹605.00M
• Dividend Yield: N/A
• Average Volume (3M): 4.79K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 1.22
• 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: ₹10.50 ▼(-25.53% 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 trend

Prior multi-year top-line expansion reflects that the business built distribution, scale and market presence over several years. That structural revenue growth capability implies the company can recover volume and leverage fixed costs when sector conditions normalize, supporting medium-term stability.

Proven cash-generation in favorable year

The firm has demonstrated the ability to generate strong operating cash in a prior cycle, indicating the underlying operations can convert earnings to cash. This capability is a durable strength: in benign commodity cycles it supports reinvestment, debt paydown and rebuilding liquidity over several quarters.

Expanded asset base with prior high ROE

An expanded asset base provides capacity to scale output and capture upside when demand recovers. The prior 21% ROE demonstrates the company can deliver strong returns on that asset base under better margin conditions, implying structural upside if profitability and leverage normalize.

Negative Factors

Margin compression

Sharp margin erosion materially weakens the company's ability to absorb cost shocks and cyclic demand slumps. Persistently thin gross and net margins reduce free-cash generation and make returns highly sensitive to input costs, threatening sustainable profitability over the medium term.

Sharply higher leverage

A near doubling of leverage reduces financial flexibility, increases interest expense sensitivity, and elevates refinancing risk. Higher indebtedness limits capacity for strategic investment or weathering prolonged downturns, making capital structure a structural vulnerability for several quarters.

Volatile and negative cash flow

The swing to deeply negative operating and free cash flow highlights persistent cash-conversion instability and working-capital risk. Ongoing negative FCF raises reliance on external funding, constrains capex and deleveraging, and poses a medium-term liquidity pressure on operations and strategy.

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	₹991.04M	53.55	―	―	4.60%	226.64%
NAGREEKEXP	51 Neutral	₹667.17M	31.72	―	―	-27.67%	-61.81%
DAMODARIND	50 Neutral	₹548.48M	17.63	―	―	-19.99%	259.87%
ANMOL	47 Neutral	₹605.00M	6.70	―	―	―	―
SELMC	42 Neutral	₹991.72M	-0.62	―	―	―	―