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Anupam Rasayan India Ltd (ANURAS) Fair Value & Analysis

Basic Materials · IN · Market cap ₹145B

AR Anupam Rasayan India Ltd ANURAS · NSE
Price₹1,208
Fair Value₹254.03
Upside-79.0%
Quality42/100
Expensive Growth
Thin margins · 7.2% net margin
Low debt · negative free cash flow
0.12% dividend yield
Mixed vs. peers (6/13)
Narrow moat 42/100
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Evidence: Medium Range ₹214.46 – ₹317.53 Share as image

Fair value as of: Aug 2, 2026

From 16 valuation models · updated yesterday

Share price −4.9% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹317.53). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹1,376 ₹547.91 Fair Value ₹254.03 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹547.91 – ₹1,376 · fair‑value band ₹214.46 – ₹317.53 · the ₹1,208 price screens above the ₹254.03 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Anupam Rasayan India Ltd (ANURAS) currently trades at ₹1,208, while our model-based Fair Value estimate is ₹254.03, implying the stock looks roughly 79.0% overvalued today. We read business quality at 42/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Anupam Rasayan India Ltd generated revenue of ₹23.7B at a net margin of 7.2%. Revenue grew 27.5% year over year. It earns a return on equity of 5.8%. Net debt stands at ₹14.7B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹214.46 (bear case) to ₹317.53 (bull case); at ₹1,208, the current price sits above that range. The share trades about 15% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -67% fair-value upside, at -79%, ANURAS screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income ₹224.07 ₹225.59 ₹215.78 76
ROIC Compounder ₹331.62 ₹453.14 ₹571.28 72
Gordon GGM ₹12.26 ₹25.49 ₹40.43 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹101.61 ₹708.62 ₹994.44 54
Lynch FV ₹299.89 ₹428.41 ₹556.93 50
PEG = 1.0 ₹299.89 ₹428.41 ₹556.93 46
EPV ₹309.36 ₹357.66 ₹399.92 59
Dividend Discount
Gordon GGM ₹12.26 ₹25.49 ₹40.43 70
DDM Multi-Stage ₹12.26 ₹21.49 ₹26.75 61
Multiples
P/E Multiple ₹224.14 ₹298.86 ₹373.57 63
P/S Multiple ₹190.52 ₹254.03 ₹317.53 58
P/B Multiple ₹190.52 ₹254.03 ₹317.53 55
EV/EBIT ₹476.00 ₹628.15 ₹780.31 53
EV/EBITDA ₹469.02 ₹618.84 ₹768.67 54
EV/Revenue ₹327.23 ₹459.09 ₹590.96 43
Asset-Based
NCAV (Graham) ₹146.41 ₹196.19 ₹292.82 50
Economic Profit
Residual Income ₹224.07 ₹225.59 ₹215.78 76
ROIC Compounder ₹331.62 ₹453.14 ₹571.28 72
Growth Earnings
Growth-Adj P/E ₹365.57 ₹522.25 ₹678.92 68

Widest divergence: Growth Earnings (₹522.25) versus Dividend Discount (₹21.49). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹23.7B
Revenue growth (YoY) +27.5%
Net margin 7.2%
Return on equity 5.8%
Free cash flow −₹3.6B FY2026
P/E ratio 82.3
More key figures
Operating margin 14.9%
EPS (TTM) ₹15.43
Dividend yield 0.1%
EPS growth (YoY) -7.6%
Net debt ₹14.7B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 36 · Market factors (momentum, volatility) 55

Profitability 26
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 13
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 55
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

Anupam Rasayan India Ltd engages in the custom synthesis and manufacturing of specialty chemicals in India, Europe, Japan, Singapore, China, North America, and internationally. It operates through two segments: Life Science related Specialty Chemicals and Other Specialty Chemicals.

Full company description

Anupam Rasayan India Ltd engages in the custom synthesis and manufacturing of specialty chemicals in India, Europe, Japan, Singapore, China, North America, and internationally. It operates through two segments: Life Science related Specialty Chemicals and Other Specialty Chemicals. The company offers life science related specialty chemicals, such as agro intermediates and agro active ingredients for the agrochemicals industry; anti-bacterial and ultraviolet protection intermediates and ingredients for the personal care industry; and intermediates and key starting materials for active pharmaceutical ingredients. It provides other specialty chemicals used in various end-user segments, including specialty pigments, specialty dyes, and polymer additives. The company was incorporated in 1984 and is headquartered in Surat, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Anupam Rasayan India Ltd reported revenue of ₹23.7B in FY2026 versus ₹10.7B in FY2022, a compound +21.8%/yr. Reported net income was ₹1.7B in FY2026, compounding +2.8%/yr from FY2022.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹23.7B
Latest YoY
+64.0%
Avg. growth/yr (3Y)
+13.9%
Avg. growth/yr (5Y)
+23.7%
Avg. growth/yr (9Y)
+26.6%
Revenue +21.8%/yr
FY22 ₹10.7B
FY23 ₹16.0B
FY24 ₹14.8B
FY25 ₹14.4B
FY26 ₹23.7B
Net income +2.8%/yr
FY22 ₹1.5B
FY23 ₹1.8B
FY24 ₹1.3B
FY25 ₹933M
FY26 ₹1.7B

ANURAS screens 79% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Anupam Rasayan India Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ANURAS

Peer Group

Specialty Chemicals · 724 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Below median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth 28% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 82.3× · Pricier than 75% of peers
P/B 4.34× · Pricier than 75% of peers
P/S (TTM) 6.11× · Pricier than 75% of peers
EV/EBITDA 27.1× · Pricier 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 0 · sector 0
FUTURE 100 · sector 21
PAST 23 · sector 22
HEALTH 97 · sector 95
DIVIDEND 2 · sector 23

VALUE 0: the price sits above our fair-value range.

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $520.74 $226.27 -57%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,132 ₹836.47 -80%

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Frequently asked questions

Is Anupam Rasayan India Ltd (ANURAS) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹254.03 versus a price of ₹1,208, about −79% (overvalued).
What is the fair value of ANURAS?
Our model-based fair value for Anupam Rasayan India Ltd is ₹254.03 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹1,208.
What is the quality score of ANURAS?
Anupam Rasayan India Ltd has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Anupam Rasayan India Ltd (ANURAS)?
Anupam Rasayan India Ltd reported trailing-twelve-month revenue of about ₹23.7B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ANURAS?
The net profit margin of Anupam Rasayan India Ltd is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does Anupam Rasayan India Ltd pay a dividend?
Anupam Rasayan India Ltd currently shows a dividend yield of about 0.12% relative to its recent price (as of Aug 2, 2026).

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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