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Anjani Synthetics Limited (531223) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹186M

AS Anjani Synthetics Limited 531223 · BSE
Price₹24.42
Fair Value₹40.83
Upside+67.2%
Quality64/100
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Mixed Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 31/100
Evidence: High Range ₹28.58 – ₹53.08 Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹38.96 to ₹40.83 (+4.8%) since Aug 11, 2026.

A solid business, screening 67% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹28.58). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹28.58 to ₹53.08) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹57.81 ₹21.11 Fair Value ₹40.83 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹21.11 – ₹57.81 · fair‑value band ₹28.58 – ₹53.08 · the ₹24.42 price screens below the ₹40.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Anjani Synthetics Limited (531223) currently trades at ₹24.42, while our model-based Fair Value estimate is ₹40.83, implying the stock looks roughly 67.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Industrial Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Anjani Synthetics Limited generated revenue of ₹2.5B at a net margin of 1.0%. Net debt stands at ₹296M. The stock trades on a trailing P/E of 8.8 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹28.58 (bear case) to ₹53.08 (bull case); at ₹24.42, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 54% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -27% fair-value upside, at 67%, 531223 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹27.25 ₹34.59 ₹45.52 80
Rev-Margin DCF ₹30.53 ₹46.78 ₹66.68 74
ROIC Compounder ₹22.81 ₹25.98 ₹28.56 72
All 21 models by family
DCF Models
FCF DCF ₹26.49 ₹34.31 ₹46.89 38
5Y Revenue Exit ₹30.53 ₹45.93 ₹68.29 39
5Y EBITDA Exit ₹38.09 ₹58.98 ₹86.63 41
5Y P/E Exit ₹28.90 ₹43.11 ₹60.10 38
10Y Revenue Exit ₹27.63 ₹37.56 ₹48.14 36
10Y EBITDA Exit ₹32.35 ₹44.45 ₹57.32 37
10Y P/E Exit ₹27.58 ₹36.07 ₹44.04 35
Earnings-Based
Graham-Dodd ₹17.48 ₹21.36 ₹24.03 54
EPV ₹22.81 ₹25.98 ₹28.56 59
Multiples
P/E Multiple ₹40.48 ₹53.97 ₹67.46 63
P/S Multiple ₹32.77 ₹43.69 ₹54.61 58
P/B Multiple ₹32.77 ₹43.69 ₹54.61 55
EV/EBIT ₹54.04 ₹73.27 ₹92.49 53
EV/EBITDA ₹57.26 ₹77.55 ₹97.85 54
EV/Revenue ₹37.53 ₹55.17 ₹72.82 43
Asset-Based
NCAV (Graham) ₹30.32 ₹40.63 ₹60.64 50
Growth DCF
Growth DCF ₹27.25 ₹34.59 ₹45.52 80
Rev-Margin DCF ₹30.53 ₹46.78 ₹66.68 74
Economic Profit
Residual Income ₹40.83 ₹38.99 ₹31.05 61
ROIC Compounder ₹22.81 ₹25.98 ₹28.56 72
Growth Earnings
Growth-Adj P/E ₹28.58 ₹40.83 ₹53.08 68

Widest divergence: Multiples (₹53.97) versus Earnings-Based (₹21.36). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.5B
Revenue growth (YoY) -92.1%
Net margin 1.0%
Free cash flow ₹61.5M FY2026
P/E ratio 8.8 as of Jul 4, 2026
Operating margin 4.3%
More key figures
EPS (TTM) ₹1.64
Net debt ₹296M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 32

Profitability 51
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Anjani Synthetics Limited manufactures and sells textiles in India and internationally. The company offers cotton, polyester, and corduroy shirting and suiting fabrics; formal and casual shirt materials; and dress materials for office and party wear, bridal, and other occasions, as well as salwar kameez, Punjabi suit, sharara, and churidar with kurta and …

Full company description

Anjani Synthetics Limited manufactures and sells textiles in India and internationally. The company offers cotton, polyester, and corduroy shirting and suiting fabrics; formal and casual shirt materials; and dress materials for office and party wear, bridal, and other occasions, as well as salwar kameez, Punjabi suit, sharara, and churidar with kurta and dupatta. It also provides bed sheets, including duvet covers, flat sheets, fitted sheets, pillow covers, and cushion covers. The company was founded in 1984 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Anjani Synthetics Limited reported revenue of ₹2.8B in FY2026 versus ₹3.0B in FY2022, a compound −1.9%/yr. Reported net income was ₹37.9M in FY2026, compounding −1.4%/yr from FY2022.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹2.8B
Latest YoY
+25.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.0%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.1%
Revenue −1.9%/yr
FY22 ₹3.0B
FY23 ₹3.3B
FY24 ₹2.5B
FY25 ₹2.2B
FY26 ₹2.8B
Net income −1.4%/yr
FY22 ₹40.0M
FY23 ₹34.8M
FY24 ₹42.6M
FY25 ₹33.2M
FY26 ₹37.9M

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Cite: Fair Value Calculator (2026). "Anjani Synthetics Limited Fair Value". https://www.fairvalue-calculator.com/stock/531223

Peer Group

Industrial Goods · 22 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Textile Industrial” was too small, so the broader sector is used.)

Quality Score 64 · Top 25%
Fair Value upside +67% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Above median
Revenue growth -92% · Bottom 25%
Dividend yield (TTM) 0.0% · Below median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Industrial Goods median · lower = cheaper

P/E (TTM) 8.8× · Pricier than median
P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 97 · sector 98
DIVIDEND 0 · sector 2

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Industrial stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Raymond Limited 500330 ₹640.90 ₹584.87 -9%
Arvind Limited 500101 ₹564.50 ₹203.30 -64%
Century Enka Limited 500280 ₹582.40 ₹422.06 -28%
Sat Industries Limited 511076 ₹125.00 ₹70.49 -44%
Banswara Syntex Limited 503722 ₹123.50 ₹208.05 +68%
Mafatlal Industries Limited 500264 ₹126.60 ₹74.12 -41%
Donear Industries Limited 512519 ₹88.21 ₹109.50 +24%
Loyal Textile Mills Limited 514036 ₹234.45 ₹171.90 -27%
Pasupati Acrylon Limited 500456 ₹61.16 ₹66.79 +9%
Shri Dinesh Mills Limited 503804 ₹345.00 ₹226.37 -34%

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Frequently asked questions

Is Anjani Synthetics Limited (531223) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹40.83 versus a price of ₹24.42, about +67% (undervalued).
What is the fair value of 531223?
Our model-based fair value for Anjani Synthetics Limited is ₹40.83 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹24.42.
What is the quality score of 531223?
Anjani Synthetics Limited has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Anjani Synthetics Limited (531223)?
Anjani Synthetics Limited reported trailing-twelve-month revenue of about ₹2.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531223?
The net profit margin of Anjani Synthetics Limited is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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