Anmol India Limited (ANMOL)
₹11.90 +1.62% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Anmol India's revenue was ₹456 Cr (-21.1% year on year, +47.7% on the previous quarter), and net profit ₹6.0 Cr (+4.9% year on year); the operating margin was 2.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹456 | -21.1% | +47.7% |
| Operating profit | ₹9.9 | -2.7% | +252.9% |
| Net profit | ₹6.0 | +4.9% | +139.0% |
| EPS (₹) | 1.05 | +4.0% | +138.6% |
| Operating margin | 2.2% | — | — |
ANMOL exchange data
NSE end-of-day data for
It closed at a price band (circuit) on 4 sessions in about the last 20.
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
CARE Ratings Limited has reaffirmed Anmol India Limited's credit ratings for Rs 500 crore of bank facilities. Long-term/short-term facilities of Rs 90.50 crore (reduced from Rs 174.77 crore) were reaffirmed at 'CARE BBB+; Stable / CARE A2', while short-term facilities of Rs 409.50 crore (enhanced from Rs 325.23 crore) were reaffirmed at 'CARE A2'. The agency highlighted a recovery in FY26 operational performance driven by diversification into steel trading (34% of FY26 income) and low net debt gearing of 0.23x as of March 31, 2026.
- Reaffirmed ratings on bank facilities totaling Rs 500.00 crore across long-term and short-term facilities
- Long-term/short-term facilities of Rs 90.50 crore reaffirmed at CARE BBB+; Stable / CARE A2 (reduced from Rs 174.77 crore)
- Short-term facilities of Rs 409.50 crore reaffirmed at CARE A2 (enhanced from Rs 325.23 crore)
- Overall gearing stood at 1.05x and net debt gearing at 0.23x as on March 31, 2026
- Steel trading contributed approximately 34% of FY26 total operating income of Rs 1416.58 crore
Anmol India Limited has disclosed the outcome of its 28th Annual General Meeting (AGM) held physically on September 26, 2026, at its registered office in Ludhiana. The meeting commenced at 10:00 AM and concluded at 10:40 AM with the presence of a requisite quorum. All resolutions outlined in the AGM notice were approved by shareholders with the requisite majority. Detailed voting results and proceedings are slated to be submitted to the exchanges separately.
- 28th Annual General Meeting conducted on Saturday, September 26, 2026
- Meeting commenced at 10:00 AM and concluded at 10:40 AM
- All resolutions passed with requisite majority as per AGM notice
- Held in physical mode at registered office in Ludhiana, Punjab
Anmol India Limited submitted a clarification to NSE and BSE on September 10, 2026, regarding recent significant price movements in its securities. The company stated that it has timely disclosed all material information bearing on operations under Regulation 30 of SEBI LODR Regulations. Management confirmed that the recent share price fluctuations are purely market driven. No undisclosed material events or corporate actions were reported.
- Clarification filed with NSE and BSE on September 10, 2026
- Company stated compliance under Regulation 30 of SEBI Listing Regulations
- Confirmed price movement is purely market driven with no undisclosed material news
Anmol India has issued notice for its 28th Annual General Meeting scheduled for September 26, 2026. A key special resolution seeks shareholder approval under Section 185 to grant loans or financial assistance up to ₹25.00 Cr to Anmol Fincap Limited, an entity in which directors are interested. The proposed ₹25 Cr loan is significant relative to the company's financial profile, representing ~21.0% of net worth (₹119 Cr) and ~43.9% of market capitalization (₹57 Cr). Remote e-voting is scheduled from September 23 to September 25, 2026, with a cut-off date of September 19, 2026.
- Notice issued for 28th AGM to be held on September 26, 2026.
- Special resolution proposed to grant loans/financial assistance up to ₹25,00,00,000 (₹25 Cr) to related entity Anmol Fincap Limited.
- Proposed loan limit constitutes ~21.0% of net worth (₹119 Cr) and ~43.9% of current market capitalization (₹57 Cr).
- E-voting period opens September 23, 2026 and closes September 25, 2026 with cut-off date of September 19, 2026.
Anmol India Limited's Board has approved convening its 28th Annual General Meeting (AGM) on September 26, 2026. Key special business includes seeking shareholder approval under Section 185 to extend loans/financial assistance up to ₹25.00 crore to Anmol Fincap Limited, a company in which directors are interested. The proposed ₹25 crore loan limit is significant, representing ~21% of Anmol India's net worth (₹119 crore) and ~44% of its market capitalization (₹57 crore).
- Board approved notice for the 28th AGM scheduled for September 26, 2026
- Special Resolution proposed to grant loans/financial assistance up to ₹25.00 crore to Anmol Fincap Limited under Section 185
- Proposed loan limit constitutes ~21% of the company's net worth of ₹119 crore
- Remote e-voting window set from September 23, 2026 (10:00 AM) to September 25, 2026 (5:00 PM) with cut-off date of September 19, 2026
Anmol India Limited reported a net profit of Rs 6.00 Cr for the quarter ended June 30, 2026, marking a sharp 139% recovery from Rs 2.51 Cr in the previous quarter. Revenue from operations reached Rs 455.72 Cr, growing 47.7% sequentially, though it remains 21% lower than the Rs 577.36 Cr reported in the same quarter last year. The company's EPS improved to Rs 1.05 from Rs 0.44 in the preceding quarter. Despite the growth, finance costs remain high at Rs 4.34 Cr, consuming a significant portion of operating profits.
- Net Profit grew 139% sequentially to Rs 6.00 Cr from Rs 2.51 Cr in March 2026.
- Revenue from operations stood at Rs 455.72 Cr, representing 32.1% of the total TTM revenue.
- Earnings Per Share (EPS) increased to Rs 1.05 for Q1 FY27 compared to Rs 1.01 in Q1 FY26.
- Finance costs decreased slightly to Rs 4.34 Cr from Rs 4.89 Cr in the year-ago period.
- Total Comprehensive Income for the period reached Rs 6.00 Cr, up from Rs 5.72 Cr YoY.
Anmol India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The Registrar and Share Transfer Agent, Bigshare Services Pvt Ltd, confirmed that 100% of the company's shares are currently held in dematerialized form. No requests for dematerialization or rematerialization were received during the quarter ended June 30, 2026. This is a standard procedural filing confirming the company's adherence to electronic shareholding norms.
- 100% of the company's shares are held in dematerialized form as of June 30, 2026
- Zero requests for dematerialization or rematerialization were processed during the quarter
- Compliance certificate issued by Registrar Bigshare Services Pvt Ltd on July 10, 2026
- The company maintains a TTM revenue base of Rs 1417 Cr with a thin operating margin of 1.3%
Anmol India Limited has informed the stock exchanges that its trading window will be closed starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and those with access to unpublished price sensitive information. The window will reopen 48 hours after the financial results are officially announced.
- Trading window closure effective from July 1, 2026
- Closure pertains to the financial results for the quarter ending June 30, 2026
- Window to remain closed until 48 hours post-result declaration
Anmol India Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter group, along with persons acting in concert, confirmed that no new encumbrances or pledges were placed on their shareholding during this period. This is a standard regulatory filing aimed at ensuring transparency regarding promoter share stability. The declaration indicates that promoters have not used additional shares as collateral for loans during the fiscal year.
- Annual compliance filing under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoters confirmed zero new encumbrances, direct or indirect, for the year ended March 31, 2026.
- The disclosure was submitted to both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on April 6, 2026.
- Declaration signed by Managing Director Vijay Kumar on behalf of the entire promoter group.
Anmol India Limited reported its audited standalone financial results for the fiscal year ended March 31, 2026. The company's total equity improved to ₹118.96 crore from ₹107.47 crore in the previous year, indicating steady internal accruals. However, total assets saw a marginal decline to ₹344.19 crore from ₹358.84 crore. A key point of observation is the 27.6% increase in trade receivables, while cash and cash equivalents remained robust at ₹127.07 crore.
- Total Equity increased by 10.7% year-on-year to ₹118.96 crore
- Trade Receivables rose significantly to ₹91.96 crore from ₹72.06 crore
- Inventories decreased to ₹75.84 crore from ₹94.73 crore in the previous year
- Cash and cash equivalents stood at ₹127.07 crore as of March 31, 2026
- Non-current borrowings remained stable at ₹40.81 crore
Anmol India Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended March 31, 2026, as required by SEBI Insider Trading regulations. The certificate, issued by a practicing company secretary, confirms that the company has maintained a non-tamperable internal database with an audit trail. During the quarter, the company successfully captured 01 event related to unaudited financial results. No instances of non-compliance were reported, indicating healthy corporate governance regarding price-sensitive information.
- Confirmed full compliance with Regulation 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations.
- The Structured Digital Database (SDD) is maintained internally and is capable of storing records for 8 years.
- Exactly 01 event related to unaudited financial results was captured in the database during the quarter.
- Reported zero non-compliances or remedial actions for the period ended March 31, 2026.
Anmol India Limited has responded to a clarification request from the stock exchanges regarding recent significant movements in its share price. The company stated that it is in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It confirmed that all material information has been promptly disclosed to the exchanges and there is no undisclosed price-sensitive information. This response is a standard regulatory procedure when a stock exhibits unusual volatility without a specific news trigger.
- Exchange sought clarification on April 09, 2026, regarding significant price movement in company securities
- Company submitted formal response on April 10, 2026, confirming adherence to Regulation 30 of SEBI LODR
- Management stated that all relevant information has been furnished to the exchanges within prescribed timelines
- No undisclosed material events or information were reported as the cause for the recent price fluctuation
Anmol India Limited has informed the stock exchanges that its trading window for dealing in securities will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results. The window will remain closed for all designated persons and those with access to unpublished price-sensitive information. It is scheduled to reopen 48 hours after the announcement of the financial results for the quarter and year ending March 31, 2026.
- Trading window closure effective from April 1, 2026
- Applies to all Designated Persons and individuals with access to UPSI
- Closure pertains to the financial results for the quarter and year ended March 31, 2026
- Window to reopen 48 hours after the official declaration of financial results
Anmol India Limited has announced the restructuring of its key board committees following the resignation of Independent Director Mr. Sanjeev Kumar on March 17, 2026. The Board has inducted Mr. Ripan Goyal, an Independent Director, into four major committees: Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR. Specifically, Mr. Ripan Goyal has been appointed as the Chairperson of the Audit Committee. These changes are aimed at maintaining corporate governance standards and ensuring the functional continuity of the board's oversight mechanisms.
- Resignation of Independent Director Mr. Sanjeev Kumar effective from March 17, 2026.
- Reconstitution of 4 key committees: Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR.
- Appointment of Mr. Ripan Goyal as the new Chairperson of the Audit Committee.
- The Audit Committee now consists of 2 Independent Directors and 1 Managing Director/CFO.
Mr. Sanjeev Kumar has resigned as an Independent Director of Anmol India Limited effective March 17, 2026. He cited personal commitments as the reason for his departure and confirmed there are no other material reasons. Mr. Kumar was a key board member, serving as the Chairperson of the Audit Committee and a member of three other committees. The company must now appoint a replacement to ensure compliance with SEBI's corporate governance requirements.
- Resignation of Independent Director Sanjeev Kumar effective March 17, 2026.
- Vacancy created in the Chairperson role of the Audit Committee.
- Served on the CSR, Stakeholders Relationship, and Nomination & Remuneration Committees.
- Confirmed no material reasons for resignation other than personal pre-occupations.
Financial Performance
Revenue Growth by Segment
Total Operating Income (TOI) moderated by 15% to INR 1,274.27 Cr in FY25 compared to FY24. Coal trading remains the primary segment, while the newly introduced Iron and Steel trading segment contributed INR 222 Cr (approximately 17.4% of total revenue) in FY25. Q1FY26 revenue grew 10.8% YoY to INR 577.36 Cr from INR 520.93 Cr.
Geographic Revenue Split
Not specifically disclosed by percentage, but the company sources coal globally from the USA, Indonesia, and Saudi Arabia to serve the Indian domestic market.
Profitability Margins
Profitability remains moderate with FY25 PBILDT margin at 1.25% and PAT margin at 0.55%. The Net Profit Margin fell from previous levels, signaling tighter margins and lower earnings efficiency. Return on Net Worth saw a significant decline from 20.79% to 6.47% in FY25 due to lower net profits.
EBITDA Margin
EBITDA margin was 2.59% in Q4 FY23 (up 25 bps YoY). However, by FY25, the PBILDT margin moderated to 1.25% due to decreased realizations and higher operating costs. Operating profit margin dropped to 0.02% in FY25, indicating nearly no operating profit buffer from revenues.
Capital Expenditure
Not disclosed in absolute INR Cr for future plans, but the company recently invested in a strategic transformation of its end-to-end supply chain model and advanced research capabilities.
Credit Rating & Borrowing
CARE reaffirmed 'CARE BBB+; Stable' for Long Term and 'CARE A2' for Short Term facilities as of September 2025. Non-fund-based limit utilization was high at 88.11% for the 12 months ending November 2023.
Operational Drivers
Raw Materials
The company is a trader; its primary 'raw materials' or traded goods include USA Coal, Indonesian Coal, Saudi Arabian Coal, Coking Coal, Met Coke, Iron, Steel, and Chemicals.
Import Sources
Major sourcing countries include the USA, Indonesia, and Saudi Arabia. Domestic logistics are managed across India to provide last-mile delivery to small-scale manufacturing units.
Key Suppliers
Specific supplier names are not disclosed, but the top five suppliers accounted for 45.46% of total purchase costs in FY23, down slightly from 49.76% in FY22.
Capacity Expansion
As a trading entity, capacity is measured by volume and logistics. The company expanded its portfolio into Iron and Steel (contributing INR 222 Cr in FY25) and is increasing its presence in Coking Coal and Met Coke to diversify from thermal coal.
Raw Material Costs
Purchases of stock-in-trade for the half-year ended September 30, 2025, totaled INR 840.84 Cr. Procurement strategies involve back-to-back sales to mitigate price volatility and pegging imported goods to USD to pass on currency risk to customers.
Manufacturing Efficiency
Not applicable as a trading company; efficiency is measured by capital rotation and logistics optimization through advanced analytics.
Logistics & Distribution
Operating and other expenses, which include logistics, were INR 1.50 Cr for the half-year ended September 30, 2025.
Strategic Growth
Expected Growth Rate
10.80%
Growth Strategy
Growth is targeted through strategic diversification into high-value commodities like Coking Coal, Met Coke, and Iron & Steel. The company is also expanding its geographic presence and adopting an integrated end-to-end supply chain model to enhance market position and adaptability.
Products & Services
Wholesale trading of USA Coal, Indonesian Coal, Saudi Arabian Coal, Coking Coal, Met Coke, Iron, Steel, and Chemicals.
Brand Portfolio
Anmol India Limited.
New Products/Services
Iron and Steel trading (17.4% of FY25 revenue), Coking Coal, Met Coke, and Chemicals are the primary new product additions expected to drive future growth.
Market Expansion
Targeting increased market share in the small-scale manufacturing sector as more industries shift to cheaper, washed imported coal.
Market Share & Ranking
Not disclosed in absolute percentage, but the company is a listed player on BSE and NSE in the wholesale coal trading industry.
External Factors
Industry Trends
The industry is shifting toward imported coal due to its lower cost and higher quality (washed). Government initiatives in coal gasification and rising power demand are positive long-term drivers.
Competitive Landscape
Operates in a highly competitive wholesale trading market with low barriers to entry, leading to inherently thin margins (PAT margin < 1%).
Competitive Moat
Moat is based on the promoters' 35+ years of experience and established long-term relationships with global suppliers and domestic customers, which are difficult for new entrants to replicate quickly.
Macro Economic Sensitivity
Highly sensitive to global trade routes and industrial power demand. A slowdown in the manufacturing sector would directly reduce demand for traded coal and steel.
Consumer Behavior
Industrial consumers are increasingly shifting toward imported coal for efficiency, and small-scale units are growing in number, expanding the addressable market.
Geopolitical Risks
High exposure to international shipping disruptions (Red Sea) and port-specific incidents which can delay inventory turnover and increase finance costs.
Regulatory & Governance
Industry Regulations
Subject to international trade regulations, import duties on coal, and domestic environmental norms regarding coal handling and storage.
Environmental Compliance
The company is committed to sustainable business practices through its CSR policy, though specific ESG compliance costs are not disclosed.
Taxation Policy Impact
The company follows standard Indian corporate tax rates; profit before tax for the half-year ended September 2025 was INR 7.82 Cr.
Legal Contingencies
Not disclosed in available documents. Auditors identified revenue recognition as a 'Key Audit Matter' due to the risk of fraud/overstatement to meet performance targets, though no specific pending litigation values were provided.
Risk Analysis
Key Uncertainties
Volatility in international coal prices and freight rates could impact margins by more than 1-2% if not managed via back-to-back contracts.
Geographic Concentration Risk
Revenue is concentrated in India, while sourcing is concentrated in the USA, Indonesia, and Saudi Arabia.
Third Party Dependencies
High dependency on top 5 suppliers (45.46%) and top 5 customers (42.23%).
Technology Obsolescence Risk
Low risk of product obsolescence, but high risk if the company fails to digitize its supply chain and logistics tracking compared to competitors.
Credit & Counterparty Risk
Trade receivables stood at INR 2.98 Cr (adjustment in cash flow) for the half-year ended September 2025, with a focus on selling to 'big customers' to mitigate credit risk.
