---
title: "Anlon Technology Solutions Ltd (ANLON) — Share Price, Financials & Analysis"
symbol: "ANLON"
company: "Anlon Technology Solutions Ltd"
canonical: "https://tapetide.com/stocks/ANLON"
isin: "INE0LR101013"
nse_symbol: "ANLON"
sector: "Commercial Services"
industry: "Diversified Services"
market_cap_cr: 499.4
generated_at: "2026-09-13T20:16:09.588Z"
---

# Anlon Technology Solutions Ltd (ANLON)

Canonical page: https://tapetide.com/stocks/ANLON

## Company

- **NSE Symbol:** ANLON
- **ISIN:** INE0LR101013
- **Sector:** Commercial Services
- **Industry:** Diversified Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2023-01-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** anlon.co

## About

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]

## Latest Price

- **Price:** ₹691.65
- **Change:** +26.65 (+4.01%)
- **Open:** ₹675
- **Day High:** ₹695
- **Day Low:** ₹675
- **Previous Close:** ₹665
- **Volume:** 3600
- **As Of:** 2026-09-11T09:59:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:20.197101Z.

- **Market Cap:** ₹499.4 Cr
- **Classification:** SME
- **P/E (reported):** 36
- **Book Value:** ₹163.36
- **Price to Book:** 4.07
- **Dividend Yield:** 0%
- **ROE:** 19.09%
- **ROCE:** 27.53%
- **Debt to Equity:** 0.17
- **Revenue (yearly):** ₹106.6 Cr
- **Net Income:** ₹13.9 Cr
- **EBITDA:** ₹21.6 Cr
- **52-Week High:** ₹748
- **52-Week Low:** ₹335
- **RSI (14):** 53.61

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 77.26 | 9% |
| growth | 97.09 | 9% |
| momentum | 98.65 | 12% |
| ownership | 47.79 | 24% |
| quality | 63.33 | 22% |
| valuation | 20.98 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 79.7% CAGR over last 5 years
- Company's working capital requirements have reduced from 159 days to 121 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -10.4%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 149.73% | 305.85% | 669.86% |
| ebitda margin growth | 314.29% | 0.5% | 3.79% | 0.5% |
| net income growth | 850% | 113.85% | 46% | 80% |
| revenue growth | 17.58% | 109.84% | 48% | 49% |
| roce | — | 71.42% | 25.36% | 27.93% |
| roe | — | 73.07% | 15.1% | -56.52% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 13 | 20 | 18 | 17 | 19 | 31 | 41 | 65 |
| Expenses | 10 | 16 | 14 | 14 | 15 | 25 | 34 | 52 |
| Operating Profit | 4 | 4 | 3 | 3 | 4 | 6 | 7 | 13 |
| OPM % | 28 | 18 | 18 | 18 | 20 | 19 | 18 | 20 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 3 | 3 | 3 | 3 | 3 | 5 | 7 | 11 |
| Tax % | 28 | 29 | 27 | 25 | 26 | 25 | 25 | 26 |
| Net Profit | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 8 |
| EPS in Rs | 5.82 | 3.66 | 3.96 | 4.1 | 4.08 | 6.3 | 8.66 | 13.51 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6 | 15 | 15 | 14 | 19 | 33 | 35 | 50 | 106 |
| Expenses | 6 | 14 | 14 | 13 | 16 | 26 | 29 | 41 | 85 |
| Operating Profit | 0 | 0 | 1 | 1 | 4 | 7 | 6 | 10 | 21 |
| OPM % | 2.8 | 2.2 | 6 | 9 | 19 | 22 | 18 | 19 | 20 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 1 | 1 | 1 | 3 | 6 | 6 | 9 | 19 |
| Tax % | 31 | 29 | 27 | 30 | 28 | 29 | 26 | 26 | 26 |
| Net Profit | 0 | 1 | 1 | 1 | 2 | 4 | 5 | 6 | 14 |
| EPS in Rs | 320 | 660 | 750 | 740 | 2140 | 7.92 | 8.06 | 10.38 | 22.19 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 6 | 6 | 6 | 6 |
| Reserves | 1 | 1 | 2 | 2 | 5 | 20 | 24 | 53 | 66 |
| Borrowings | 0 | 0 | 0 | 2 | 6 | 3 | 3 | 8 | 12 |
| Other Liabilities | 3 | 7 | 9 | 11 | 10 | 6 | 11 | 14 | 24 |
| Total Liabilities | 4 | 8 | 11 | 16 | 21 | 34 | 44 | 81 | 109 |
| Fixed Assets | 0 | 0 | 0 | 2 | 4 | 4 | 4 | 17 | 27 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 8 | 11 | 14 | 17 | 30 | 36 | 62 | 82 |
| Total Assets | 4 | 8 | 11 | 16 | 21 | 34 | 44 | 81 | 109 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 2 | 2 | 0 | -1 | -9 | 2 | -17 | 8 |
| Cash from Investing Activity | — | 0 | -2 | 0 | -2 | 0 | -4 | -10 | -9 |
| Cash from Financing Activity | — | 0 | 0 | 1 | 3 | 12 | 0 | 26 | 2 |
| Net Cash Flow | — | 1 | 1 | 2 | 0 | 3 | -2 | -1 | 1 |
| Free Cash Flow | — | 1 | 0 | 0 | -4 | -10 | -3 | -28 | -1 |
| CFO/OP | — | 536 | 294 | 16 | -23 | -98 | 61 | -154 | 54 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 75 | 76 | 74 | 110 | 98 | 71 | 83 | 138 | 124 |
| Inventory Days | 0 | 0 | 52 | 76 | 100 | 81 | 149 | 470 | 84 |
| Days Payable | — | — | 373 | 738 | 335 | 48 | 148 | 172 | 113 |
| Cash Conversion Cycle | 75 | 76 | -247 | -552 | -137 | 104 | 84 | 436 | 94 |
| Working Capital Days | -20 | -28 | -66 | -74 | -36 | 108 | 109 | 248 | 121 |
| ROCE % | — | 101 | 65 | 38 | 51 | 38 | 22 | 19 | 27 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.25% | 69.25% | 69.26% | 62.06% | 62.06% | 62.06% | 62.06% | 62.06% | 51.69% |
| FIIs | 7.98% | 3.08% | 3.53% | 6.29% | 4.07% | 0% | 1.06% | 1.06% | 0.97% |
| DIIs | 0% | 0% | 0% | 1.25% | 0.8% | 0% | 0% | 4.14% | 12.36% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 17.91% | 21.7% | 21.92% | 21.44% | 25.81% | 26.11% | 25.48% | 27.22% | 25.58% |
| Others | 4.85% | 5.96% | 5.29% | 8.96% | 7.26% | 11.83% | 11.4% | 5.52% | 9.39% |
| No. of Shareholders | 474 | 526 | 729 | 804 | 1186 | 1146 | 1156 | 1204 | 1164 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 5 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 660.07 | Buy |
| EMA (10) | 665.6 | Buy |
| SMA (20) | 660.04 | Buy |
| EMA (20) | 657.81 | Buy |
| SMA (50) | 640.8 | Buy |
| EMA (50) | 643.16 | Buy |
| SMA (100) | 625.65 | Buy |
| EMA (100) | 605.92 | Buy |
| SMA (200) | 504.94 | Buy |
| EMA (200) | 540.24 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 59.37 | Neutral |
| MACD (12,26,9) | 8.89 | Buy |
| Stochastic (14,3,3) | 69.98 | Neutral |
| ADX (14) | 13.23 | Neutral |
| Williams %R (14) | -3.99 | Sell |
| ATR (14) | 22.99 | High Volatility |
| ROC (12) | 8.07 | Buy |
| Stoch RSI (14) | 88.48 | Sell |
| UO (7,14,28) | 62.68 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 April 2026 - Anlon held a virtual group analyst/investor meeting on April 7, 2026, with multiple investors. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 April 2026 - Anlon held a virtual group analyst/investor meeting on April 7, 2026, with multiple investors.](https://nsearchives.nseindia.com/corporate/ANLON_08042026173218_Anlon_Investor_Outcome_Signed.pdf) |
| 7 March 2026 - Received Rs.0.33 Crore order from TRV (Kerala) International Airport for ARFF supplies, to be executed within two months. | [Bagging/Receiving of orders/contracts 7 March 2026 - Received Rs.0.33 Crore order from TRV (Kerala) International Airport for ARFF supplies, to be executed within two months.](https://nsearchives.nseindia.com/corporate/ANLON_07032026151757_Regulation_30_Signed.pdf) |
| 7 July 2026 - Promoters declare no new encumbrance on Anlon shares for FY2026-27. | [Disclosure under SEBI Takeover Regulations 7 July 2026 - Promoters declare no new encumbrance on Anlon shares for FY2026-27.](https://nsearchives.nseindia.com/corporate/team_sandeshc_02072026130417_24.pdf) |
| 7 April 2026 - Submitted RTA confirmation certificate under Regulation 74(5) for FY ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted RTA confirmation certificate under Regulation 74(5) for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/ANLON_07042026175028_Regulation-74_5_-Anlon_DSC_Final.pdf) |
| 6 July 2026 - Board on 6 July 2026 approved director changes, auditor reappointments, MOA alteration, AGM notice, and Shiny George resignation. | [Outcome of Board Meeting 6 July 2026 - Board on 6 July 2026 approved director changes, auditor reappointments, MOA alteration, AGM notice, and Shiny George resignation.](https://nsearchives.nseindia.com/corporate/ANLON_06072026183441_Board_Outcome_Final.pdf) |
| 6 July 2026 - Anlon Technology Solutions Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 6 July 2026 - Anlon Technology Solutions Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/ANLON_ROID_91208_KMP_Doc.zip) |
| 5 Sep - Anlon Technology Solutions won a Rs. 2.20 crore order to replace crash fire tender windshield glass and TDEC controllers. | [Bagging/Receiving of orders/contracts 5 Sep - Anlon Technology Solutions won a Rs. 2.20 crore order to replace crash fire tender windshield glass and TDEC controllers.](https://nsearchives.nseindia.com/corporate/ANLON_05092026122256_Regulation_30_Delhi_signed_fnl.pdf) |
| 5 May 2026 - Anlon published EGM notice in newspapers for May 25, 2026 meeting. | [Copy of Newspaper Publication 5 May 2026 - Anlon published EGM notice in newspapers for May 25, 2026 meeting.](https://nsearchives.nseindia.com/corporate/ANLON_05052026180255_Advertisement_Intimation_DSC.pdf) |
| 5 Jan - Filing of Confirmation Certificate under Regulation 74 (5) of the SEBI (DP) Regulation 2018. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Jan - Filing of Confirmation Certificate under Regulation 74 (5) of the SEBI (DP) Regulation 2018.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e728a2d3-3743-4c0f-ae7b-0f19bcf914ef.pdf) |
| 4 May 2026 - Received Rs. 1.23 crore AMC order from Mumbai International Airport Limited for 3 Panther fire vehicles, Apr 2026-Mar 2027. | [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.](https://nsearchives.nseindia.com/corporate/ANLON_04052026190212_Regulation_30_MUMBAI_DSC.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/ANLON_28112024234506_Regulation_30.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/ANLON_30052024131700_Transcript.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://nsearchives.nseindia.com/corporate/ANLON_05032024220612_Regulation30.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/ANLON_16082024171519_InvestorPresentation.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29869_ANLON_2025_2026_A_1736346_17072026192247.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27253_ANLON_2024_2025_A_02082025184834.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24530_ANLON_2023_2024_16072024192017.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22087_ANLON_2022_2023_27062023203852_06272023210004.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/deda54b5-d450-4252-b5f8-c5724102732e.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afb98440-7fa2-4d5f-bd60-acb36c362f6c.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6c0ce2b-6060-445b-b8a0-c89532de7dbb.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523283/74904523283.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523283/70131523283.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523283/65608523283.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:16:09.588Z.