MarketFriction

Anik Industries Ltd

NSE ANIKINDS · BSE 519383 · Trading & Distributors
₹44.00 -1.01%
NSE close2026-10-01
52 week range32.50 - 83.40
Market cap₹110 Cr.
Price band 20% Delivery 82.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales14.8811.3556.3410.6127.8029.2348.7447.7671.6816.588.0413.53
Expenses15.3911.3859.7610.5126.6828.7147.8147.5171.1716.0710.7213.20
Operating Profit-0.51-0.03-3.420.101.120.520.930.250.510.51-2.680.33
OPM %-3.43%-0.26%-6.07%0.94%4.03%1.78%1.91%0.52%0.71%3.08%-33.33%2.44%
Other Income0.300.453.881.220.260.73-0.130.350.290.661.810.20
Interest0.220.00-0.020.000.200.180.190.140.140.050.030.00
Depreciation0.140.140.140.140.140.140.110.110.110.110.080.12
Profit before tax-0.570.280.341.181.040.930.500.350.551.01-0.980.41
Tax %-17.54%-3.57%1,020.59%13.56%5.77%35.48%12.00%34.29%49.09%27.72%123.47%41.46%
Net Profit-0.480.29-3.131.020.980.610.430.230.280.74-2.190.23
EPS in Rs-0.170.10-1.130.370.350.220.150.080.100.27-0.790.08
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales489610605499134244118101116144110
Expenses62560662555213324111294113145111
Operating Profit-1364-21-5312673-1-1
OPM %-28%0.7%-3.5%-11%0.7%1.0%4.9%7%2.6%-1.0%-1.2%
Other Income2152712817214-1233
Interest4412131111741100
Depreciation11111111100
Profit before tax3517-23-5761664411
Tax %-3%21%-33%-34%28%36%12%93%17%200%
Net Profit3614-15-38410503-1-1
EPS in Rs12.894.98-5.47-13.611.623.611.830.111.12-0.34-0.34
Dividend Payout %0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%2%7%-28%
Compounded Profit Growth%%%-142%
Stock Price CAGR5%20%4%-31%
Return on Equity-5%1%0%0%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital28282828282828282828
Reserves410393376336341351356356359358
Borrowings851687210487307431
Other Liabilities26825032431229830345455861
Total Liabilities714722795748771769459436449478
Fixed Assets1611531521501491481471469998
CWIP6910116671100
Investments1123344243460000
Other Assets536537598545573568305279350379
Total Assets714722795748771769459436449478
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-277-51714-36573444-119-50
Cash from Investing Activity46711-78124326-2111924
Cash from Financing Activity-188314-621-69-61-24127
Net Cash Flow3-10-3-110-9-1-101
Free Cash Flow-323-26143-2658340-61-27
CFO/OP204%-1,067%-358%-10%-3,883%2,336%597%640%-3,912%3,345%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days215166145137412200345378335204
Inventory Days46455138169688529309405
Days Payable1188992781621223203217
Cash Conversion Cycle14212110497418256407387611593
Working Capital Days11014611189360133377501695690
ROCE %2%-2%-10%2%4%2%3%1%0%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.81%37.81%37.81%37.81%37.81%37.81%37.24%37.24%37.17%39.74%37.14%37.14%
FIIs4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.09%4.09%4.09%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Government2.59%2.59%2.59%2.59%2.59%2.59%2.59%2.59%2.59%0.00%0.00%0.00%
Public55.57%55.57%55.55%55.56%55.56%55.56%56.13%56.13%56.21%56.13%58.75%58.74%
No. of Shareholders14,41113,33513,03912,81812,51612,10411,97011,80412,06612,03911,97411,897

Fundamentals

Market Cap₹ 110 Cr.
Current Price₹ 44.1
Book Value₹ 139
ROCE0.30 %
ROE-0.24 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-28%
Compounded Profit Growth (TTM)-142%
Consolidated figures.
Valuation
Market capRs 110 Cr
Enterprise valueRs 137 Cr
Price to book0.28x
Price to sales1.00x
EV / EBITDA77.99x
EV / EBIT102.44x
EV / sales1.25x
Earnings yield-0.86%
P/E, 3-year average250.98x
P/B, 3-year average0.59x
P/E, 5-year average131.62x
P/B, 5-year average0.40x
Profitability
Operating margin (excl. other income)-0.98%
Operating margin (incl. other income)1.17%
EBITDA margin1.60%
Pre-tax margin0.90%
Net profit margin-0.86%
Net margin, latest quarter1.70%
ROE-0.24%
ROCE0.32%
ROA-0.20%
ROE, 3-year average0.21%
ROCE, 3-year average0.91%
ROA, 3-year average0.19%
ROE, 5-year average0.93%
ROCE, 5-year average1.93%
ROA, 5-year average0.54%
ROIC (approx.)-0.32%
Tax rate200.00%
Other income / net worth0.80%
Growth
Sales growth (latest year)23.79%
Profit growth (latest year)-130.32%
Sales CAGR, 3 years6.85%
Sales CAGR, 5 years1.50%
Sales growth QoQ68.28%
Sales growth YoY (latest quarter)-71.67%
Profit growth YoY (latest quarter)0.00%
Per share
EPS (TTM)Rs -0.38
EPS (latest quarter)Rs 0.09
EPS, 3-year averageRs 0.61
EPS, 5-year averageRs 1.67
Book value per shareRs 154.94
Sales per shareRs 44.06
Cash flow per shareRs -20.00
Free cash flow per shareRs -10.83
Efficiency
Asset turnover0.30x
Fixed asset turnover1.47x
Inventory turnover0.90x
Inventory days405 days
Debtor days204 days
Debtors turnover1.79x
Creditor days17 days
Cash conversion cycle593 days
Working capital days690 days
Leverage
Total debtRs 31 Cr
Cash and bankRs 3 Cr
Net debtRs 28 Cr
Debt to equity0.08x
Net debt / EBITDA15.67x
Interest coverage3.83x
Owners' fund to total sources80.86%
Debt to assets6.41%
Cash flow
Cash from Operating Activity (latest year)Rs -50 Cr
Cash from Investing Activity (latest year)Rs 24 Cr
Cash from Financing Activity (latest year)Rs 27 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -27 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-2.00x
Statement figures
Net sales (TTM)Rs 110 Cr
Net sales (latest year)Rs 144 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 136 Cr
Total expenditure (latest year)Rs 145 Cr
Total income (latest year)Rs 147 Cr
Share capitalRs 28 Cr
ReservesRs 358 Cr
Shareholders' fundsRs 386 Cr
Total assetsRs 478 Cr
Net blockRs 98 Cr
ReceivablesRs 81 Cr
InventoryRs 151 Cr
Other liabilitiesRs 61 Cr
Shares outstanding (crore)2.49
Ownership
Promoter holding37.14% (-0.10 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.32 is at the 67th percentile (median 0.23).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodANIKINDSNifty 50Difference
1 week+2.3%-2.8% +5.1 pts
1 month-4.1%-6.8% +2.7 pts
3 months-1.7%-7.6% +5.9 pts
6 months+33.9%+0.4% +33.5 pts
1 year-32.9%-9.9% -22.9 pts
2 years-45.7%-13.6% -32.1 pts
3 years+13.1%+14.2% -1.1 pts
5 years+147.2%+27.9% +119.3 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -5092% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
explainDebt up, profit down Borrowings up 698% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 65% vs sales +24% in 2026
lookProfit leans on other income Other income was 333% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-08-26: Anik Industries Limited has informed the Exchange about Action(s) taken or orders passed
lookAuditor change Auditor change 2026-06-18: Anik Industries Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹14 Cr -71.7% vs Jun 2025. Net profit ₹0 Cr +0.0%.
Against our estimate for Jun 2026: sales -52.8%, profit +84.0% in line. Our estimate for Sep 2026: sales Rs 43 Cr, profit Rs 0 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-08-25Annual General Meeting
2022-09-16Annual General Meeting
2021-08-26 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-14 Annual General Meeting
2017-09-18 Annual General Meeting
2016-09-20 Annual General Meeting
2015-09-15 Annual General Meeting
2014-09-04Annual General Meeting
2013-09-23Annual General Meeting
2012-09-25Annual General Meeting
2011-09-26Annual General Meeting
2010-09-24Annual General Meeting And Dividend Re.0.60 Per Share
2009-09-24Agm/Div-Re.0.60 Per Share
2008-09-24Agm/Dividend - 12%
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-10-01Shareholder meetingShareholders meeting
2026-09-29Shareholder meetingShareholders meeting
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-09UpdatesReport on Re-lodgment of Transfer Requests of Physical Shares.
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-05UpdatesNOTICE OF CLOSURE OF REGISTER OF MEMBERS AND SHARE TRANSFER BOOKS UNDERREGULATION 42 OF SEBI (LODR) REGULATIONS, 2015.
2026-08-27UpdatesBoard of Directors Comments on fine levied by the Stock Exchange..
2026-08-27Board meeting outcomeOutcome of Board Meeting held on August 27, 2026.
2026-08-26Regulatory actionAction(s) taken or orders passed
2026-08-17UpdatesBoard of Directors Comments on fine levied by the Stock Exchange.
2026-08-14Board meeting outcomeAnik Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-08UpdatesReport on Re-lodgment of Transfer Requests of Physical Shares.
2026-07-04UpdatesReport on Re-Lodgment of Transfer Request of Physical Shares..
2026-07-01Regulatory actionAction(s) taken or orders passed
2026-07-01LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-06-20Reasons for Delayed/Non-submReasons for Delayed/Non-submission of Financial Results
2026-06-19Board meeting outcomeAnik Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-06-18Change in AuditorsChange in Auditors of the company.
2026-06-18Board meeting outcomeAnik Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-06-17Regulatory actionAction(s) taken or orders passed
2026-06-17AcquisitionAcquisition
2026-06-17Board meeting outcomeOutcome of Board Meeting held on Jun 17, 2026.
2026-06-05Disclosure under SEBI TakeovAnik Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-06-05UpdatesReport on re-lodgement of physical shares.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Anik Industries Ltd?

Anik Industries Ltd (ANIKINDS) has a market capitalisation of Rs 110 Cr. at the 2026-10-01 close.

What were Anik Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Anik Industries Ltd sales was Rs 14 Cr (-71.7% vs Jun 2025) and net profit was Rs 0 Cr.

What is the 52-week high and low of Anik Industries Ltd?

The 52-week high is Rs 83.40 and the 52-week low is Rs 32.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03