| Market Cap | ₹14,388 CrMid-cap |
|---|---|
| Revenue TTM | ₹2,365 CrAnnual Operating |
| RSI | 41.99Neutral Zone |
| Order from | BASQUEVOLT, S.A. |
| Execution period | Up to 10 years |
| Deal value | ₹2,880 Cr |
| Share of market cap | 20.0% |
| Share of annual revenue | 121.8% |
Key highlights
- Signed a non-binding Letter of Intent with Spanish firm Basquevolt for cumulative revenue of $300 million
- Proposed supply period spans up to 10 years for a specialty chemical product used in battery tech
- Engagement focuses on the development of next-generation solid-state lithium battery solutions
- Supply is contingent upon successful product development and definitive agreement negotiations
- Expansion into electronic chemicals domain aligns with the company's long-term R&D strategy
What Is the Order?
The company has signed a Letter of Intent with BASQUEVOLT, S.A. to explore the potential supply of a specialty chemical product over a decade-long period. With a cumulative revenue potential of $300 million, or approximately ₹2,880 crore, this preliminary agreement involves product development tailored for advanced battery technologies.
While the LOI is currently non-binding, it establishes a framework for a definitive supply agreement once technical milestones are achieved. This project highlights the company's ability to meet stringent specifications for high-tech industrial applications in the electronics space.
Client Profile
Headquartered in Miñano, Spain, BASQUEVOLT, S.A. is a prominent European developer of next-generation solid-state lithium metal battery solutions. The company specializes in proprietary polymer electrolyte technology designed to improve the safety, energy density, and cost-efficiency of batteries compared to traditional lithium-ion systems.
Their applications span critical sectors including electric vehicles, heavy transport, aviation, and renewable energy storage. By partnering with Basquevolt, Anupam Rasayan embeds itself into the supply chain of a technology leader aiming to scale solid-state cell production globally.
Business Impact
This engagement significantly strengthens Anupam Rasayan's footprint in the electronic chemicals space, a high-margin segment catering to advanced manufacturing. The potential long-term revenue provides substantial visibility for the company's specialty chemicals vertical over the next ten years. By diversifying into the EV battery materials market, the company reduces its dependence on traditional agrochemical and pharmaceutical cycles.
This shift underscores the effectiveness of recent R&D investments and positions the firm to capture emerging opportunities in the global transition toward sustainable energy storage technologies.
Financial Context
- Annual operating revenue reached ₹2,365.46 crore with a 64.56% year-on-year growth
- Operating profit margins currently stand at 21.59% for the latest reported quarter
- Promoter holding is 59.07% with approximately 17.11% of shares currently pledged
- The stock maintains a Piotroski Score of 6, indicating a stable financial position
Strategic Direction
This LOI reinforces our strategic focus on expanding in the electronic chemical domain, which we believe will be a key growth driver going forward. Our continued investments in R&D, process capabilities, and customer-centric innovation positions us well to capture emerging opportunities in this space.
“This development marks a significant step forward in the Company’s strategy to deepen its footprint in the high-growth electronic chemicals space, catering to advanced manufacturing and technology-driven industries.”
| Share price | ₹1263.8 |
|---|---|
| Market capitalisation | ₹14,388.15 Cr |
| Revenue (annual) | ₹2,365.46 Cr |
| Net profit (annual) | ₹170.12 Cr |
| Revenue (latest quarter) | ₹635.78 Cr+24.07% vs previous quarter |
| Net profit (latest quarter) | ₹42.65 Cr-13.03% vs previous quarter |
| P/E (TTM) | 84.58×Sector 43.88× |
| Promoter holding | 59.07%0.00% QoQ |
| FII holding | 6.91%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Anupam Rasayan India Ltd announcing a $300 Million Letter of Intent with BASQUEVOLT, S.A. Market figures from a third-party data provider.
