MarketFriction

Antarctica Ltd

NSE ANTGRAPHIC · Packaging
₹0.69 -2.82%
NSE close2026-10-01
52 week range0.64 - 1.17
Market cap₹10.7 Cr.
P/E9.82
Price band 20% Delivery 92.5%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.220.240.210.140.4017.836.794.995.0022.4430.4740.41
Expenses0.270.270.430.340.5817.225.053.984.0222.4230.8139.82
Operating Profit-0.05-0.03-0.22-0.20-0.180.611.741.010.980.02-0.340.59
OPM %-22.73%-12.50%-104.76%-142.86%-45.00%3.42%25.63%20.24%19.60%0.09%-1.12%1.46%
Other Income0.000.000.000.000.000.000.000.000.000.500.310.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.040.040.010.020.020.021.090.270.200.230.230.00
Profit before tax-0.09-0.07-0.23-0.22-0.200.590.650.740.780.29-0.260.59
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%6.76%48.72%24.14%-69.23%6.78%
Net Profit-0.09-0.07-0.23-0.22-0.200.590.650.690.400.22-0.080.55
EPS in Rs-0.01-0.00-0.01-0.01-0.010.040.040.040.030.01-0.010.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2.892.342.261.571.321.081.030.680.8425.0562.9198.32
Expenses2.562.151.921.571.151.110.920.681.1924.2461.2497.07
Operating Profit0.330.190.340.000.17-0.030.110.00-0.350.811.671.25
OPM %11.42%8.12%15.04%0.00%12.88%-2.78%10.68%0.00%-41.67%3.23%2.65%1.27%
Other Income0.010.000.020.000.000.160.020.110.040.010.810.81
Interest0.010.000.000.010.010.000.000.000.000.000.000.00
Depreciation0.170.140.150.120.120.120.110.120.121.140.930.66
Profit before tax0.160.050.21-0.130.040.010.02-0.01-0.43-0.321.551.40
Tax %-6.25%-20.00%4.76%7.69%25.00%0.00%0.00%0.00%0.00%0.00%18.06%
Net Profit0.180.070.21-0.140.040.020.02-0.01-0.43-0.321.281.09
EPS in Rs0.010.000.01-0.010.000.000.00-0.00-0.03-0.020.080.07
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth36%125%352%228%
Compounded Profit Growth22%130%146%-37%
Stock Price CAGR%-4%-5%-34%
Return on Equity0%1%1%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital15.5015.5015.5015.5015.5015.5015.5015.5015.5015.5015.5015.50
Reserves0.841.011.081.291.151.191.211.221.220.790.461.74
Borrowings1.301.711.692.312.552.792.962.913.052.865.189.23
Other Liabilities0.720.740.760.830.730.600.390.320.300.1729.4828.22
Total Liabilities18.3618.9619.0319.9319.9320.0820.0619.9520.0719.3250.6254.69
Fixed Assets10.2510.1510.019.959.939.829.719.339.239.038.137.20
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets8.118.819.029.9810.0010.2610.3510.6210.8410.2942.4947.49
Total Assets18.3618.9619.0319.9319.9320.0820.0619.9520.0719.3250.6254.69
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.25-0.430.03-0.58-0.19-0.19-0.17-0.22-0.030.04-2.29-4.08
Cash from Investing Activity-0.03-0.060.00-0.09-0.07-0.030.010.26-0.200.17-0.240.00
Cash from Financing Activity-0.050.40-0.030.610.230.240.17-0.060.15-0.222.324.04
Net Cash Flow0.17-0.100.01-0.05-0.030.020.01-0.03-0.08-0.01-0.20-0.03
Free Cash Flow0.22-0.490.03-0.75-0.28-0.19-0.170.04-0.040.11-2.57-4.08
CFO/OP86%-130%16%-171%-112%567%-200%-11%-283%-244%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days567.61546.87694.12812.371,164.751,371.521,672.921,775.392,512.062,085.71490.75142.67
Inventory Days1,423.501,186.251,535.672,113.733,098.626,493.965,316.836,843.7525,341.435,089.1456.3720.77
Days Payable73.0052.6440.0676.27147.55212.92133.8376.04208.57146.00236.7164.32
Cash Conversion Cycle1,918.111,680.472,189.732,849.834,115.817,652.566,855.928,543.1027,644.927,028.86310.4099.13
Working Capital Days923.67896.711,135.561,327.571,952.872,422.273,018.013,260.194,965.074,136.67117.7383.14
ROCE %-1.29%0.95%0.27%1.12%-0.63%0.26%0.05%0.10%-0.51%-2.42%-1.59%6.51%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters14.56%14.54%11.05%2.02%0.96%0.96%0.96%0.96%0.96%0.96%0.96%0.96%
FIIs0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%0.46%
DIIs0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%
Government0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public84.75%84.76%88.25%97.28%98.34%98.34%98.34%98.34%98.34%98.34%98.34%98.34%
No. of Shareholders50,35066,55881,64089,39999,41699,00998,35698,35696,22094,74093,44192,779

Fundamentals

Market Cap₹ 10.7 Cr.
Current Price₹ 0.69
Stock P/E9.82
Book Value₹ 1.11
ROCE6.51 %
ROE7.71 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)228%
Compounded Profit Growth (TTM)-37%
Standalone figures.
Valuation
Market capRs 11 Cr
Enterprise valueRs 20 Cr
P/E (TTM)9.82x
Price to book0.62x
Price to sales0.11x
EV / EBITDA8.52x
EV / EBIT14.17x
EV / sales0.20x
Earnings yield10.19%
P/B, 3-year average1.25x
P/E, 5-year average1085.07x
P/B, 5-year average1.08x
Profitability
Operating margin (excl. other income)2.65%
Operating margin (incl. other income)3.94%
EBITDA margin2.37%
Pre-tax margin1.42%
Net profit margin1.11%
Net margin, latest quarter1.36%
ROE7.71%
ROCE6.51%
ROA2.43%
ROE, 3-year average1.04%
ROCE, 3-year average0.90%
ROA, 3-year average-0.22%
ROE, 5-year average0.64%
ROCE, 5-year average0.55%
ROA, 5-year average-0.12%
ROIC (approx.)4.35%
Tax rate18.06%
Other income / net worth4.70%
Growth
Sales growth (latest year)151.14%
Sales CAGR, 3 years352.28%
Sales CAGR, 5 years125.45%
Profit CAGR, 5 years129.74%
Sales growth QoQ32.62%
Sales growth YoY (latest quarter)709.82%
Profit growth YoY (latest quarter)-20.29%
Per share
EPS (TTM)Rs 0.07
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs -0.02
EPS, 5-year averageRs -0.01
Book value per shareRs 1.11
Sales per shareRs 6.34
Cash flow per shareRs -0.26
Free cash flow per shareRs -0.26
Efficiency
Asset turnover1.15x
Fixed asset turnover8.74x
Inventory turnover17.57x
Inventory days21 days
Debtor days143 days
Debtors turnover2.56x
Creditor days64 days
Cash conversion cycle99 days
Working capital days83 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 0 Cr
Net debtRs 9 Cr
Debt to equity0.54x
Net debt / EBITDA3.92x
Owners' fund to total sources31.52%
Debt to assets16.88%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-12.19x
Statement figures
Net sales (TTM)Rs 98 Cr
Net sales (latest year)Rs 63 Cr
Sales (latest quarter)Rs 40 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 60 Cr
Total expenditure (latest year)Rs 61 Cr
Total income (latest year)Rs 64 Cr
Share capitalRs 16 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 17 Cr
Total assetsRs 55 Cr
Net blockRs 7 Cr
ReceivablesRs 25 Cr
InventoryRs 3 Cr
Other liabilitiesRs 28 Cr
Shares outstanding (crore)15.51
Ownership
Promoter holding0.96% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.8 is at the 20th percentile of its own 3.8-year range (median 36.9, low 5.4, high 354.3).
P/B 0.62 is at the 24th percentile (median 0.83).
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.
PeriodANTGRAPHICNifty 50Difference
1 week-2.8%-2.8% -0.0 pts
1 month-8.0%-6.8% -1.2 pts
3 months-13.8%-7.6% -6.1 pts
6 months+1.5%+0.4% +1.1 pts
1 year-36.1%-9.9% -26.2 pts
2 years-68.2%-13.6% -54.6 pts
3 years-13.8%+14.2% -27.9 pts
5 years-23.3%+27.9% -51.2 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -1194% of net profit over the last 3 years
lookProfit leans on other income Other income was 52% of pre-tax profit in 2026
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 ₹40 Cr +709.8% vs Jun 2025. Net profit ₹1 Cr -20.3%.
Against our estimate for Jun 2026: sales +406.1%, profit +53.4% in line. Our estimate for Sep 2026: sales Rs 8 Cr, profit Rs 0 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-27Annual General Meeting
2022-09-26Annual General Meeting
2021-09-23 Annual General Meeting
2020-09-23 Annual General Meeting
2019-09-24 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-06 Annual General Meeting
2016-09-12 Annual General Meeting
2015-09-21 Annual General Meeting
2014-09-17Annual General Meeting
2013-09-19Annual General Meeting
2011-09-21Annual General Meeting
2010-09-21Annual General Meeting
2009-09-16Annual General Meeting
2008-09-19Annual General Meeting
2007-09-18Agm
2006-09-20Agm
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28General UpdatesGeneral Updates
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-24General UpdatesGeneral Updates
2026-09-09AppointmentAppointment of Ms. Mansi Kirankumar Shah as Company Secretary & Compliance Officer of the company w.e.f. September 09, 2026.
2026-09-09Board meeting outcomeOutcome of Board Meeting held on September 09, 2026.
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-09-05AppointmentAppointment of Mrs Vishakha Agrawal as Other of the company w.e.f. September 04, 2026.
2026-09-05UpdatesCorporate Announcement/Information under Regulation 42 of SEBI (LODR) Regulations, 2015regarding Book Closure and Intimation of Date of the 34th Annua...
2026-09-05UpdatesCorporate Announcement/Information under Regulation 44 of SEBI (LODR)Regulations, 2015 regarding providing Remote E-Voting Facilities for the Annual G...
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 04, 2026.
2026-08-31Clarification - Financial ReThe Exchange has sought clarification from Antarctica Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obl...
2026-08-14Board meeting outcomeAntarctica Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-29Structural Digital DatabaseCOMPLIANCE CERTIFICATE FROM JULY 01, 2026 TO JULY 29, 2026
2026-07-22AppointmentAppointment of Mr. Mitkumar Dashrathbhai Chandel as Other of the company w.e.f. May 25, 2026.
2026-07-22Structural Digital DatabaseSDD Certificate
2026-06-30Clarification - Financial ReThe Exchange has sought clarification from Antarctica Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obl...
2026-06-26Board meeting outcomeAntarctica Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-06-23Shareholder meetingVoting results.
2026-05-22Shareholder meetingNotice of Postal Ballot
2026-05-14Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-05-14General UpdatesGeneral Updates
2026-05-14Board meeting outcomeOutcome of Board Meeting held on May 14, 2026.
2026-04-10Reply to Clarification- FinaThe Exchange had sought clarification from Antarctica Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obl...
2026-04-07ResignationResignation of Mrs Udita Chowdhary as Company Secretary & Compliance Officer of the company w.e.f. March 24, 2026.
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.
Order dateForumCase
2019-02-01NCLTAntarctica Ltd Vs Madoorie Tea Estate Pvt.Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Antarctica Ltd?

Antarctica Ltd (ANTGRAPHIC) has a market capitalisation of Rs 10.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of Antarctica Ltd?

Antarctica Ltd trades at a P/E of 9.82 on trailing twelve-month profit, at the 2026-10-01 close.

What were Antarctica Ltd's latest quarterly results?

In the Jun 2026 quarter, Antarctica Ltd sales was Rs 40 Cr (+709.8% vs Jun 2025) and net profit was Rs 1 Cr.

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

The 52-week high is Rs 1.17 and the 52-week low is Rs 0.64.

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