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Anupam Rasayan India Ltd.
(ANURAS)
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Rating:57Neutral
Price Target:
₹1,412.00
▲(6.35% Upside)
Action:Reiterated
Date:05/25/26
The score is primarily held back by weak cash generation (recurring negative free cash flow) and a very high P/E valuation. These are partially offset by improving revenue growth, still-solid profitability, and supportive technical trend signals with moderate momentum.
Positive Factors
Revenue Recovery & Profitability
A clear revenue rebound and sustained mid-20s EBITDA margin indicate demand resilience and operational leverage in core specialty chemicals lines. Over 2–6 months this supports durable earnings, helps maintain customer confidence on supply continuity, and underpins reinvestment into complex synthesis capabilities.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow signals weak cash conversion despite accounting profits, implying reliance on external financing for capex and working-capital needs. Over months this limits financial flexibility, raises funding risk for growth projects, and can pressure credit metrics if not remediated.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery & Profitability
A clear revenue rebound and sustained mid-20s EBITDA margin indicate demand resilience and operational leverage in core specialty chemicals lines. Over 2–6 months this supports durable earnings, helps maintain customer confidence on supply continuity, and underpins reinvestment into complex synthesis capabilities.
Read all positive factors
Anupam Rasayan India Ltd. (ANURAS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹143.82B
Dividend Yield0.06%
Average Volume (3M)7.28K
Price to Earnings (P/E)83.8
Beta (1Y)0.59
Revenue Growth64.44%
EPS Growth77.60%
CountryIN
Employees1,896
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)13.66
Shares Outstanding113,848,310
10 Day Avg. Volume10,749
30 Day Avg. Volume7,276
Financial Highlights & Ratios
PEG Ratio1.05
Price to Book (P/B)4.16
Price to Sales (P/S)5.87
P/FCF Ratio-38.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.45
Revenue Forecast (FY)₹20.03B
Anupam Rasayan India Ltd. Business Overview & Revenue Model
Company Description
Anupam Rasayan India Ltd., established in Surat, India, in 1984, specializes in the custom synthesis and production of specialty chemicals. The company manufactures a diverse range of life science-oriented chemicals, including intermediates and ac...
How the Company Makes Money
Anupam Rasayan primarily makes money by manufacturing and selling specialty chemical intermediates under a business-to-business (B2B) model. Its core revenue stream is contract/custom manufacturing (custom synthesis) where customers outsource the ...
Anupam Rasayan India Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.11B | 23.65B | 14.42B | 14.80B | 16.02B | 10.74B |
| Gross Profit | 9.34B | 8.16B | 8.22B | 8.51B | 8.85B | 7.02B |
| EBITDA | 5.19B | 5.43B | 4.00B | 3.82B | 4.29B | 3.03B |
| Net Income | 1.51B | 1.70B | 933.49M | 1.29B | 1.81B | 1.52B |
Balance Sheet | ||||||
| Total Assets | 56.50B | 80.13B | 52.69B | 46.02B | 37.78B | 28.91B |
| Cash, Cash Equivalents and Short-Term Investments | 4.44B | 4.11B | 1.35B | 3.48B | 6.67B | 618.77M |
| Total Debt | 12.23B | 18.67B | 13.73B | 10.70B | 8.22B | 8.36B |
| Total Liabilities | 22.01B | 33.83B | 21.87B | 16.71B | 12.70B | 11.64B |
| Stockholders Equity | 31.97B | 33.34B | 28.50B | 27.61B | 23.73B | 17.27B |
Cash Flow | ||||||
| Free Cash Flow | 3.28B | -3.57B | -4.40B | -6.57B | 713.03M | -3.18B |
| Operating Cash Flow | 5.35B | 1.99B | -301.25M | 590.32M | 2.92B | -1.71B |
| Investing Cash Flow | -2.53B | -8.21B | -3.30B | -3.92B | -5.23B | -4.12B |
| Financing Cash Flow | 182.51M | 7.57B | 2.23B | 3.95B | 3.71B | 3.84B |
Anupam Rasayan India Ltd. Technical Analysis
Negative
1327.70
Price Trends
1322.55
Negative
1294.63
Negative
1237.46
Positive
Market Momentum
-14.76
Negative
42.62
Neutral
64.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANURAS, the sentiment is Negative. The current price of 1327.7 is above the 20-day moving average (MA) of 1288.83, above the 50-day MA of 1322.55, and above the 200-day MA of 1237.46, indicating a neutral trend. The MACD of -14.76 indicates Negative momentum. The RSI at 42.62 is Neutral, neither overbought nor oversold. The STOCH value of 64.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ANURAS.
Anupam Rasayan India Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹75.97B | 38.28 | ― | 1.37% | -0.74% | -14.12% | |
69 Neutral | ₹87.53B | 48.42 | ― | 0.62% | -2.29% | -3.26% | |
69 Neutral | ₹143.49B | 43.79 | ― | 0.15% | 22.01% | 75.16% | |
65 Neutral | ₹88.71B | 19.97 | ― | 0.67% | 11.88% | 17.67% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹143.82B | 83.79 | ― | 0.06% | 64.44% | 77.60% | |
56 Neutral | ₹96.96B | 34.58 | ― | 0.74% | 5.04% | 11.10% |
* Basic Materials Sector Average
IN:ANURAS
Anupam Rasayan India Ltd.
1,263.30
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10.46%
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Anupam Rasayan India Ltd. Corporate Events
Anupam Rasayan Publishes FY26 Audited Results in Newspapers and Online
May 25, 2026
Anupam Rasayan India Ltd. has notified the stock exchanges that it has published newspaper advertisements of its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results have been p...
Crisil lifts negative watch, reaffirms ratings on Anupam Rasayan’s Rs 1,369.82 crore bank facilities
Mar 18, 2026
Anupam Rasayan India Ltd. has disclosed that Crisil Ratings has updated its credit ratings on the company’s bank loan facilities totaling Rs 1,369.82 crore. The long-term rating has been reaffirmed at Crisil A+/Stable and the short-term rati...
Anupam Rasayan to Engage Investors at Investec India Conference 2026
Mar 6, 2026
Anupam Rasayan India Ltd. has announced that its management team will participate in the Investec India Promoter Founder Conference 2026 on March 11, 2026, at the Trident, BKC in Mumbai. The engagement will include physical one-on-one and group m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.