Anlon Technology Solutions Ltd
Incorporated in 2015, Anlon Technology
Solutions Ltd provides engineering services, training, consultancy, advisory, and research
development services for the engineering systems, automotive equipment and other
related areas[1]
- Market Cap ₹ 378 Cr.
- Current Price ₹ 604
- High / Low ₹ 616 / 335
- Stock P/E 40.3
- Book Value ₹ 103
- Dividend Yield 0.00 %
- ROCE 19.3 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 54.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 97.1 to 138 days.
- Promoter holding has decreased over last 3 years: -7.19%
- Working capital days have increased from 155 days to 248 days
* 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
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 6.41 | 14.64 | 15.10 | 14.35 | 19.34 | 32.89 | 35.02 | 50.23 | 72.55 | |
| 6.23 | 14.31 | 14.20 | 13.07 | 15.64 | 25.69 | 28.70 | 40.59 | 59.17 | |
| Operating Profit | 0.18 | 0.33 | 0.90 | 1.28 | 3.70 | 7.20 | 6.32 | 9.64 | 13.38 |
| OPM % | 2.81% | 2.25% | 5.96% | 8.92% | 19.13% | 21.89% | 18.05% | 19.19% | 18.44% |
| 0.32 | 0.66 | 0.33 | 0.09 | 0.25 | 0.30 | 0.65 | 0.61 | 1.25 | |
| Interest | 0.01 | 0.01 | 0.07 | 0.14 | 0.75 | 1.09 | 0.62 | 0.95 | 1.17 |
| Depreciation | 0.04 | 0.05 | 0.13 | 0.19 | 0.20 | 0.20 | 0.22 | 0.58 | 0.89 |
| Profit before tax | 0.45 | 0.93 | 1.03 | 1.04 | 3.00 | 6.21 | 6.13 | 8.72 | 12.57 |
| Tax % | 31.11% | 29.03% | 27.18% | 29.81% | 28.33% | 28.66% | 26.26% | 25.57% | |
| 0.32 | 0.66 | 0.75 | 0.74 | 2.14 | 4.44 | 4.52 | 6.49 | 9.36 | |
| EPS in Rs | 320.00 | 660.00 | 750.00 | 740.00 | 2,140.00 | 7.92 | 8.06 | 10.38 | 14.96 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 37% |
| TTM: | 99% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 45% |
| TTM: | 93% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| 1 Year: | 65% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 5.61 | 5.61 | 6.26 | 6.26 |
| Reserves | 0.56 | 1.22 | 1.97 | 2.45 | 4.87 | 19.67 | 24.18 | 52.56 | 57.98 |
| 0.07 | 0.00 | 0.17 | 1.61 | 5.81 | 2.88 | 3.49 | 7.90 | 10.10 | |
| 3.16 | 6.69 | 8.64 | 11.46 | 10.27 | 5.76 | 10.93 | 14.29 | 17.63 | |
| Total Liabilities | 3.80 | 7.92 | 10.79 | 15.53 | 20.96 | 33.92 | 44.21 | 81.01 | 91.97 |
| 0.18 | 0.21 | 0.00 | 1.59 | 3.87 | 3.98 | 4.01 | 17.16 | 19.02 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 4.64 | 1.71 | 6.91 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3.62 | 7.71 | 10.79 | 13.94 | 17.09 | 29.93 | 35.56 | 62.14 | 66.04 | |
| Total Assets | 3.80 | 7.92 | 10.79 | 15.53 | 20.96 | 33.92 | 44.21 | 81.01 | 91.97 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 1.50 | 2.37 | 0.12 | -1.46 | -9.27 | 2.05 | -16.73 | ||
| -0.08 | -1.87 | 0.05 | -2.34 | -0.05 | -4.30 | -10.34 | ||
| -0.05 | 0.13 | 1.33 | 3.45 | 11.93 | -0.01 | 26.01 | ||
| Net Cash Flow | 1.37 | 0.63 | 1.50 | -0.35 | 2.61 | -2.27 | -1.06 | |
| Free Cash Flow | 1.42 | 0.50 | 0.07 | -3.95 | -9.58 | -2.82 | -27.53 | |
| CFO/OP | 536% | 294% | 16% | -23% | -98% | 61% | -154% |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74.59 | 76.04 | 73.97 | 109.63 | 97.76 | 70.80 | 82.76 | 137.85 |
| Inventory Days | 0.00 | 0.00 | 52.14 | 76.11 | 100.04 | 81.23 | 149.04 | 470.20 |
| Days Payable | 372.82 | 737.77 | 334.58 | 48.10 | 147.59 | 171.83 | ||
| Cash Conversion Cycle | 74.59 | 76.04 | -246.71 | -552.03 | -136.79 | 103.94 | 84.20 | 436.23 |
| Working Capital Days | -20.50 | -27.67 | -65.99 | -74.02 | -35.67 | 108.09 | 108.92 | 248.30 |
| ROCE % | 100.53% | 65.09% | 37.94% | 50.81% | 37.58% | 21.97% | 19.34% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Total Employees Number |
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| Service Income / Sale of Services INR Lakhs |
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| Manufacturing and Assembly Revenue INR Lakhs |
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| Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
5 May 2026 - Anlon published EGM notice in newspapers for May 25, 2026 meeting.
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Bagging/Receiving of orders/contracts
4 May 2026 - Received Rs. 1.23 crore AMC order from Mumbai International Airport Limited for 3 Panther fire vehicles, Apr 2026-Mar 2027.
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Bagging/Receiving of orders/contracts
4 May 2026 - Anlon won Rs. 1.05 crore PPE fire proximity suit order from TRV Kerala International Airport Ltd, deliverable in 4 months.
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Shareholders meeting
2 May 2026 - EGM on May 25, 2026 to approve capital hike, 12.54 lakh-share preferential issue worth Rs 49.99 crore, and management changes.
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Outcome of Board Meeting
1 May 2026 - Board approved Rs 49.99 crore preferential issue, capital increase, and appointed EGM on 25 May 2026.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Nov 2024TranscriptPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Mar 2024TranscriptAI SummaryPPT
Business Overview:[1]
ATSL is associated with international OEMs in the areas of Mobile Fire Fighting and Rescue equipment, Runway Rubber Removal Machine, Airport Baggage and Cargo handling, Road Cleaning Equipment, Power Transmission System, Friction Testing Machines, Climate Control Systems for off and on highway vehicles (including construction and mining equipment etc).
Company looks after the spare parts distribution and after-sales service for equipment supplied by its associates.
ATSL works with all the major airports in India such as Delhi, Mumbai, Hyderabad, Bangalore, Chennai, Refineries, Municipal Corporations etc., with whom it has Annual Maintenance Contracts