ARL
Anand Rayons financials
- Market cap
- ₹120 Cr
Quarterly results
Q1 FY27: revenue up 25.8%, net profit up 96.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 75 | 86 | 76 | 112 +35% | 127 +70% | 118 +38% | 96 +26% |
| EBITDA | 2 | 2 | 3 | 1 | 1 −33% | 5 +175% | 3 −4% | 2 +99% |
| Net profit | 1 | 1 | 2 | 1 | 2 +40% | 5 +456% | 3 +13% | 2 +97% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −89.7% 1Y
1Y: ₹380 on 10 Sept 2025 → ₹39. High ₹464.5 (29 Oct 2025), low ₹39 (11 Sept 2026).
Financials, as filed
Revenue grew 12.1% a year over 2 years, FY24 to FY26. Operating margin held at 2.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹344 Cr | ₹314 Cr | ₹433 Cr |
| Operating profit | ₹7 Cr | ₹8 Cr | ₹10 Cr |
| Operating margin | 2.1% | 2.4% | 2.3% |
| Interest | ₹3 Cr | ₹3 Cr | ₹2 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹4 Cr | ₹5 Cr | ₹10 Cr |
| Net margin | 1.2% | 1.5% | 2.2% |
| Cash from operations | ₹16 Cr | ₹11 Cr | ₹-11 Cr |
| Free cash flow | ₹16 Cr | ₹10 Cr | ₹-14 Cr |
| ROCE | 11.0% | 9.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹18 Cr | ₹21 Cr |
| Reserves | ₹12 Cr | ₹15 Cr | ₹18 Cr | ₹21 Cr | ₹58 Cr | ₹81 Cr |
| Borrowings | ₹36 Cr | ₹31 Cr | ₹34 Cr | ₹29 Cr | ₹16 Cr | ₹36 Cr |
| Other liabilities | ₹6 Cr | ₹18 Cr | ₹9 Cr | ₹9 Cr | ₹6 Cr | ₹15 Cr |
| Total liabilities | ₹69 Cr | ₹79 Cr | ₹76 Cr | ₹74 Cr | ₹99 Cr | ₹153 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹69 Cr | ₹79 Cr | ₹76 Cr | ₹73 Cr | ₹98 Cr | ₹150 Cr |
| Total assets | ₹69 Cr | ₹79 Cr | ₹76 Cr | ₹74 Cr | ₹99 Cr | ₹153 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jul 2026
Since Jun 2025, promoters added +1.99 pp while the public trimmed −1.99 pp. The shareholder count grew 23% to 5,762.
- Promoters
- 53.5%
- Public
- 46.5%
Since Jun 2025
- Promoters +1.99 pp
- Public −1.99 pp
How it drifted, 12 quarters
Over this window promoters fell from 70.7% to 53.5% — −17.2 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 70.7%, Public 29.3%.Mar '24: Promoters 70.7%, Public 29.3%.Jun '24: Promoters 70.7%, Public 29.3%.Sep '24: Promoters 71.4%, Public 28.6%.Dec '24: Promoters 71.4%, Public 28.6%.Mar '25: Promoters 58.2%, Public 41.8%.Jun '25: Promoters 51.5%, Public 48.5%.Sep '25: Promoters 52.2%, Public 47.8%.Dec '25: Promoters 52.2%, Public 47.8%.Mar '26: Promoters 52.6%, Public 47.4%.Jun '26: Promoters 52.6%, Public 47.4%.Jul '26: Promoters 53.5%, Public 46.5%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Anand Gokulbhai Bakshi +0.46 pp 27.10% held
- Shilpa Anand Bakshi +0.38 pp 6.34% held
- Bakshi Malaya +0.37 pp 6.85% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of Anand Rayons Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Anand Gokulbhai Bakshi | 27.10% | +0.46 pp |
| Vasuben Gokulbhai Bakshi | 11.87% | −0.24 pp |
| Bakshi Malaya | 6.85% | +0.37 pp |
| Shilpa Anand Bakshi | 6.34% | +0.38 pp |
| Lalitkumar Manikchand Daga | 1.09% | unchanged |
| Mishra Hema Aruni | 0.80% | unchanged |
| Anand Bakshi Huf | 0.57% | unchanged |
| Jigisha Dharmesh Chorawala | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Anand Rayons Limited
Guides on how to read this kind of business and the numbers that matter.