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Anand Rayons BSE:542721 Stock Report

Last Price


Market Cap







29 Sep, 2022


Company Financials
542721 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health4/6

542721 Stock Overview

Anand Rayons Limited engages in the manufacture and trade of various yarns, fabrics, and threads in India.

Anand Rayons Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Anand Rayons
Historical stock prices
Current Share Price₹56.95
52 Week High₹307.00
52 Week Low₹45.10
1 Month Change-13.58%
3 Month Change-0.088%
1 Year Change-31.18%
3 Year Change75.77%
5 Year Changen/a
Change since IPO109.38%

Recent News & Updates

Shareholder Returns

542721IN LuxuryIN Market

Return vs Industry: 542721 underperformed the Indian Luxury industry which returned 14.2% over the past year.

Return vs Market: 542721 underperformed the Indian Market which returned -1.9% over the past year.

Price Volatility

Is 542721's price volatile compared to industry and market?
542721 volatility
542721 Average Weekly Movement8.2%
Luxury Industry Average Movement6.1%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 542721 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 542721's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

198735Anand Bakshi

Anand Rayons Limited engages in the manufacture and trade of various yarns, fabrics, and threads in India. It offers polyester and nylon yarns, polyester and viscose embroidery threads, embroidery jari, and jari for weaving. The company was founded in 1987 and is based in Surat, India.

Anand Rayons Fundamentals Summary

How do Anand Rayons's earnings and revenue compare to its market cap?
542721 fundamental statistics
Market Cap₹835.40m
Earnings (TTM)₹31.39m
Revenue (TTM)₹3.65b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
542721 income statement (TTM)
Cost of Revenue₹3.51b
Gross Profit₹136.31m
Other Expenses₹104.93m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)2.09
Gross Margin3.74%
Net Profit Margin0.86%
Debt/Equity Ratio104.3%

How did 542721 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is 542721 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 542721?

Other financial metrics that can be useful for relative valuation.

542721 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA13.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 542721's PE Ratio compare to its peers?

542721 PE Ratio vs Peers
The above table shows the PE ratio for 542721 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.3x
514302 Vippy Spinpro
526479 Sky Industries
514087 PBM Polytex
526179 Ludlow Jute & Specialities
542721 Anand Rayons

Price-To-Earnings vs Peers: 542721 is expensive based on its Price-To-Earnings Ratio (27.2x) compared to the peer average (9.3x).

Price to Earnings Ratio vs Industry

How does 542721's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: 542721 is expensive based on its Price-To-Earnings Ratio (27.2x) compared to the Indian Luxury industry average (13.5x)

Price to Earnings Ratio vs Fair Ratio

What is 542721's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

542721 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 542721's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 542721 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 542721 (₹56.95) is trading below our estimate of fair value (₹90.36)

Significantly Below Fair Value: 542721 is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Anand Rayons forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Anand Rayons has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine Anand Rayons's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Anand Rayons competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Anand Rayons performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 542721 has high quality earnings.

Growing Profit Margin: 542721's current net profit margins (0.9%) are lower than last year (0.9%).

Past Earnings Growth Analysis

Earnings Trend: 542721's earnings have grown by 20% per year over the past 5 years.

Accelerating Growth: 542721's earnings growth over the past year (43.4%) exceeds its 5-year average (20% per year).

Earnings vs Industry: 542721 earnings growth over the past year (43.4%) underperformed the Luxury industry 50.1%.

Return on Equity

High ROE: 542721's Return on Equity (10.5%) is considered low.

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Financial Health

How is Anand Rayons's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 542721's short term assets (₹777.0M) exceed its short term liabilities (₹412.4M).

Long Term Liabilities: 542721's short term assets (₹777.0M) exceed its long term liabilities (₹77.3M).

Debt to Equity History and Analysis

Debt Level: 542721's net debt to equity ratio (104.2%) is considered high.

Reducing Debt: 542721's debt to equity ratio has reduced from 428.8% to 104.3% over the past 5 years.

Debt Coverage: 542721's debt is well covered by operating cash flow (27.9%).

Interest Coverage: 542721's interest payments on its debt are not well covered by EBIT (2.1x coverage).

Balance Sheet

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What is Anand Rayons's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Anand Rayons Dividend Yield vs Market
How does Anand Rayons dividend yield compare to the market?
SegmentDividend Yield
Company (Anand Rayons)0%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Luxury)0.7%
Analyst forecast in 3 Years (Anand Rayons)n/a

Notable Dividend: Unable to evaluate 542721's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 542721's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 542721's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 542721's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 542721 is not paying a notable dividend for the Indian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 542721 has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Anand Bakshi (48 yo)

no data




Mr. Anand Gokul Bakshi is Founder and Chairman of the Anand Rayons Limited and serves as its Managing Director since September 20, 2018. He is Promoter and Director of the Anand Rayons Limited. He has comp...

CEO Compensation Analysis

Anand Bakshi's Compensation vs Anand Rayons Earnings
How has Anand Bakshi's remuneration changed compared to Anand Rayons's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022₹2m₹2m


Dec 31 2021n/an/a


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021₹2m₹2m


Dec 31 2020n/an/a


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020₹2m₹2m


Dec 31 2019n/an/a


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019₹1m₹1m


Compensation vs Market: Anand's total compensation ($USD29.36K) is about average for companies of similar size in the Indian market ($USD40.41K).

Compensation vs Earnings: Anand's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 542721's management team is considered experienced (3.8 years average tenure).

Board Members

Experienced Board: 542721's board of directors are considered experienced (3.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 542721?
Owner TypeNumber of SharesOwnership Percentage
General Public163,7061.1%
Public Companies452,3143.0%
Private Companies635,5834.2%
Individual Insiders12,925,11886.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 17 shareholders own 98.91% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Anand Bakshi
9,204,319₹524.2m0%no data
Shilpa Bakshi
1,085,360₹61.8m0%no data
NNM Securities Pvt Ltd, Asset Management Arm
Saumik Doshi
500,000₹28.5m0%no data
Silkon Trades LLP
471,583₹26.9m0%no data
Sera Investments & Finance India Limited
452,314₹25.8m0%no data
Sagar Gajera
400,000₹22.8m0%no data
Hasmukh Parmar
400,000₹22.8m0%no data
Saianand Commercial Limited, Asset Management Arm
Ashvinikumar Mehta
236,668₹13.5m0%no data
Desai Dharmeshbhai
230,000₹13.1m-40.26%no data
Chander Vijay Gaba
180,000₹10.3m0%no data
Pooja Chander Gaba
180,000₹10.3m0%no data
Nemish Davda
176,000₹10.0m0%no data
Hema Mishra
175,542₹10.0m0%no data
Nilmesh Infrabuild Private Limited
164,000₹9.3m0%no data
Vipul Dobariya
157,229₹9.0m0%no data

Company Information

Anand Rayons Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Anand Rayons Limited
  • Ticker: 542721
  • Exchange: BSE
  • Founded: 1987
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: ₹835.398m
  • Shares outstanding: 14.98m
  • Website:

Number of Employees


  • Anand Rayons Limited
  • 305-306, Jay Sagar Complex
  • Opp. Sub Jail
  • Surat
  • Gujarat
  • 395002
  • India


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
542721BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Annual Earnings2022/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.