Company Overview

Anmol India Limited is an India-based company primarily engaged in coal import, coal trading, and coal supply. Its product portfolio includes Indonesian Coal, High Gross Caloric Value (GCV) Coal from the United States of America (USA), and Low GCV Coal from the USA. Originally incorporated as "Anmol India Private Limited" in Shillong on April 3, 1998, it was converted to a Public Limited Company on April 4, 2000.

Established in 1998, Anmol India Limited is a recognized supplier and importer of coal in India. Initially serving the brick kiln industry and traders, the company now caters to over a dozen different industries and trades. Anmol India has evolved from its foundational vision of connecting underutilized coal resources from Eastern India to Northern India, growing into a significant business serving clients nationwide.

Business Operations and Product Portfolio

Anmol India Ltd is actively involved in the wholesale trading of coal, with a focus on Indonesian coal, domestic coal, petroleum coke (petcoke), and coking coal. The company trades in Steam/Thermal Coal and Pet Coke and supplies High GCV USA Coal (American Coal or Napp Coal), Low GCV USA Coal (ILB Coal), Russian Coal, Australian Coal, and Indonesian Coal. It particularly specializes in supplying High GCV coal, USA coal, Indonesian coal, Saudi Pet Coke, and USA Pet Coke.

The company's operational strategy involves importing coal shipments, notably USA Coal, through major ports such as Kandla and Tuna. These imports are then distributed in bulk quantities and on a truck-by-truck basis to cater to a wide array of customer needs. Anmol India primarily operates within Gujarat, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh, Uttarakhand, and the Union Territory of Chandigarh, serving the brick kiln industry, coal traders and dealers, and various other industrial sectors.

Market Position and Stock Performance

Anmol India Ltd. holds a market capitalization of ₹97 Cr as of June 19, 2025. Classified as a Small Cap company by Value Research, its stock trades on both the NSE (symbol: ANMOL) and BSE (code: 542437), having been listed on June 4, 2021.

The company's stock has experienced significant challenges recently. The Anmol India Ltd share price has seen a decline of 38% over the past six months and a decrease of 51.39% over the last year. As of July 25, 2025, the 52-week high and low for Anmol India Ltd. were ₹38.40 and ₹14.02, respectively.

Financial Performance

#### Recent Quarterly Results (Q4 FY25)

- Net Profit: Declined by 59.08% to ₹1.60 crore in the quarter ended March 2025, compared to ₹3.91 crore in the previous quarter ended March 2024.

- Sales: Decreased by 22.00% to ₹314.23 crore in the quarter ended March 2025, from ₹402.88 crore in the quarter ended March 2024.

#### Annual Financial Metrics

- Revenue: ₹1,274 Cr (FY25)

- Net Profit: ₹6.99 Cr (FY25)

- Revenue Growth: -15% annually

- Pre-tax Margin: 1%

- Return on Equity (ROE): 6.72%

While the company reports consistent profits, it does not pay dividends. Its low interest coverage ratio is a point of concern. However, the company maintains a reasonable Debt to Equity ratio of 38%, indicating a relatively healthy balance sheet.

Valuation Metrics

As of June 19, 2025, Anmol India Ltd. trades at a Price-to-Book (P/B) ratio of 0.90 times, representing a 54% discount to its peers' median of 1.96 times. Its Price-to-Earnings (P/E) ratio stands at 13.83 times, a 25% discount to its peers' median of 18.32 times. These valuation metrics suggest that the stock might be trading at a discount relative to its sector peers, potentially indicating a value opportunity or reflecting underlying business challenges.

Shareholding Pattern and Corporate Governance

- Promoter Holding: 50.2%

- Promoter Pledged/Encumbered Holding: 38.3% of promoter holding.

- Promoter Holding Change: Decreased by -6.88% over the last quarter.

- Contingent Liabilities: ₹254 Cr, representing potential future obligations that investors should monitor closely.

Industry Position and Growth Prospects

Over the past 5 years, Anmol India has demonstrated robust revenue growth at a yearly rate of 22.46%, significantly outperforming the industry average of 4.18%. Its market share has also increased from 0.47% to 1.05% during this period, indicating a historical ability to gain market share and grow faster than industry peers, despite recent performance challenges.

The coal trading industry in India is continually shaped by evolving environmental regulations, the increasing adoption of renewable energy, and fluctuating industrial demand patterns. Anmol India's diversified product range across various coal types and its established distribution network provide a solid foundation for serving multiple industrial segments. However, the company, like others in the sector, must navigate the broader industry challenges posed by transitioning energy policies and volatile commodity prices.