LiveNSE delayed · 128/128 · 20 Aug 2026, 10:00 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
ANURAS · Chemicals · Small Cap · Live 20 Aug 2026, 09:59 am · Discovery

Anupam Rasayan India Ltd

CSM company with a weak working-capital culture. The red-flag engine exists for names like this.

10X Low
High Risk
Attractive Entry
Turnaround
Multibagger score
27.3/100
Market cap
₹13,532 Cr
Last price · live
₹1,231.7
+6.30 (+0.51%)
52W
₹1,045–₹1,415

Implied P/E 80.1x · ANURAS.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
0.8x
Bull multiple
2.1x
Classification
Low Probability

Starting size, cyclicality or valuation leave little room for a dramatic re-rating on conservative maths.

Final investment scorecard

Multibagger27.3 / 100
10X potentiallow
Business quality0.9 / 10
Growth runway5.6 / 10
Competitive advantage4.6 / 10
Management4.2 / 10
Balance sheet1.4 / 10
Valuation2.3 / 10
Technical setup8.2 / 10
Riskhigh

Why it could become a multibagger

  • If cash conversion is ever fixed, the earnings power is not zero — the market would re-rate a genuine CSM cleaner.

What needs to go right

  • NWC days down 30+
  • FCF positive
  • Pledge to zero

What could destroy the thesis

  • Another WC blowout
  • A CSM contract loss
  • More dilution

What would make me sell

  • NWC days still rising in FY27
  • Pledge up
  • Another QIP

Key metrics to monitor

NWC days
OCF/PAT
Net debt
Pledge
Inst holding
ROCE

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.