Anupam Rasayan India Ltd (ANURAS) — share price & stock analysis

Market cap

₹14,464 Cr

P/E

85×

ROE

5.5%

vs own 10-yr valuation

68th pctile

Book value / share

₹293

EPS (TTM)

₹15.0

10-yr median P/E

70.6×

Revenue (FY26)

₹2,365 Cr

Profit after tax (FY26)

₹222 Cr

Weinstein stage

Stage 2 (62 weeks)

Data as of

1 July 2026

1 of the 5 things we track are currently moving the right way — most of the dashboard is red.

Where the levels actually stand: ROCE 7% — weak; debt moderate (0.56× equity); margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The price is tracking the earnings — no froth, no gift

Since Jun 2021, the stock is up 63% and earnings per share are up 41% — the price has tracked the profits, not run ahead of them.pricettm_eps

The market is paying for delivery, not promises. What you see in earnings is what you get in the price.

Today’s P/E of 85× is the middle of its own range against its own history since 2021 (68th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (70.6×).

An uptrend that has held for 62 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 62 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹1,232 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 69 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

8 of the last 11 years ended with profits higher — quiet, steady compounding

Over 11 years, sales went from ₹228 Cr to ₹2,365 Cr (about 24% a year), and profit from ₹18.0 Cr to ₹222 Cr.revenuenet_profit

Margins took a round trip — down to 18.5% in FY19, back to 22.2% now. The profit growth survived the squeeze.operating_profit

Sales jumped 27% last quarter — the 6th straight quarter of growth

Mar 26 sales were ₹636 Cr, up 27% on the same quarter last year.revenue

That makes 6 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are compressing — 29% → 22% in a year

Of every ₹100 of sales, the company keeps ₹21.6 as operating profit (a year ago it kept ₹28.9).opm_pct

The gross margin moved the same way (53% → 48%), so this is about input costs and pricing power — the raw-material equation worsened.gpm_pctopm_pct

Profit declined 11% last quarter

Mar 26 profit after tax was ₹56.0 Cr, down 11% year on year.net_profit

Profits on paper, cash lagging behind

Over the last 5 profitable years, the business reported ₹918 Cr of profit and collected ₹484 Cr of operating cash — about 53% conversion.operating_cash_flownet_profit

The cash cycle is tightening — money comes home faster

One rupee now takes about 377 days to go out the door as materials and come back as collected cash — down from 715 days the year before.cash_conversion_cycle

The biggest mover: inventory moving faster off the shelf (876 → 490 days).inventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹90.0 Cr (FY15) to ₹3,713 Cr, with another ₹114 Cr of capacity under construction right now.fixed_assetscwip

The build is bigger than the cash engine: investing outflows (₹1,542 Cr) exceeded operating cash (₹363 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Debt is present but comfortable

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹56 — total borrowings have grown from ₹117 Cr to ₹1,867 Cr over the window.borrowings

Every ₹100 kept in the business earns just ₹7

Return on capital employed is 7.0% (a year ago: 7.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Promoter holding dropped in one step — an event, not a slow exit

Promoters hold 59.1% (down 2.2 points over 8 quarters). Foreign funds own 6.9%, domestic funds 0.3%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Sep 25) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

Foreign funds tell the real story: they sold from 9.8% down to 4.9% (Jun 25), and have been buying back since — now 6.9%. A completed round trip like that usually means the doubts got answered.fiis_pct

Meanwhile domestic funds have been the sellers — from 3.7% to 0.3% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

A good business — the question is the price

The numbers are genuinely mixed, and the price is roughly fair to the delivery so far.

Best thing in the data: cash generation rising (₹−30.0 Cr → ₹334 Cr).operating_cash_flow

Biggest worry: domestic-fund holding falling (2.3% → 0.3%).diis_pct

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data