Anand Seamless Ltd
Incorporated in 2005, Anand Seamless
Limited is engaged in the production of
seamless tubes, pipes, and finned tubes
used in industrial applications.[1]
- Market Cap ₹ 86.2 Cr.
- Current Price ₹ 72.0
- High / Low ₹ 75.0 / 68.5
- Stock P/E 15.7
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 23.9 %
- ROE 32.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 41.39 | 36.90 | 33.55 | 56.00 | |
| 35.54 | 30.37 | 27.63 | 45.76 | |
| Operating Profit | 5.85 | 6.53 | 5.92 | 10.24 |
| OPM % | 14.13% | 17.70% | 17.65% | 18.29% |
| 0.14 | 0.10 | 0.09 | 0.17 | |
| Interest | 1.51 | 1.57 | 1.96 | 2.44 |
| Depreciation | 0.48 | 0.50 | 0.47 | 0.53 |
| Profit before tax | 4.00 | 4.56 | 3.58 | 7.44 |
| Tax % | 27.75% | 26.32% | 25.98% | 26.48% |
| 2.89 | 3.36 | 2.65 | 5.48 | |
| EPS in Rs | 277.88 | 323.08 | 254.81 | 6.50 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 67% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 8.43 |
| Reserves | 7.93 | 11.29 | 13.94 | 11.10 |
| 13.22 | 14.13 | 21.13 | 28.03 | |
| 10.99 | 10.03 | 17.24 | 20.03 | |
| Total Liabilities | 32.24 | 35.55 | 52.41 | 67.59 |
| 5.45 | 6.14 | 6.77 | 6.46 | |
| CWIP | 0.03 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 26.76 | 29.41 | 45.64 | 61.13 | |
| Total Assets | 32.24 | 35.55 | 52.41 | 67.59 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2.56 | 1.51 | -3.31 | -5.57 | |
| -0.24 | -1.14 | -1.06 | -0.17 | |
| -2.13 | -0.37 | 5.31 | 4.64 | |
| Net Cash Flow | 0.20 | -0.01 | 0.95 | -1.10 |
| Free Cash Flow | 2.30 | 0.34 | -4.41 | -5.78 |
| CFO/OP | 48% | 39% | -49% | -38% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 49.47 | 27.20 | 112.27 | 88.97 |
| Inventory Days | 285.20 | 506.54 | 757.44 | 513.90 |
| Days Payable | 120.61 | 143.47 | 264.46 | 178.41 |
| Cash Conversion Cycle | 214.06 | 390.27 | 605.25 | 424.46 |
| Working Capital Days | 46.83 | 65.28 | 154.70 | 153.95 |
| ROCE % | 26.21% | 18.26% | 23.88% |
Business Overview[1]
Anand Seamless Limited is an India-based manufacturer and exporter of seamless tubes, pipes, and finned tubes, with nearly two decades of operating experience. Its products cater to industries including oil & gas, refineries, petrochemicals, power generation, heat exchangers, boilers, chemicals, pharmaceuticals, automobiles, railways, defence, and textile machinery.
The company operates as an integrated manufacturer and supplier, covering several stages of the production process in-house. This includes cold drawing, heat treatment, auto cutting, testing, and finning operations. Its manufacturing capabilities are particularly relevant for applications where product quality, dimensional accuracy, and safety certifications are important.[2]