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10 Yrs X-Ray 
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Analyst Note 
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About
Anik Industries Ltd (ANIKINDS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519383 NSE: ANIKINDS Trading | Small Cap | Anik Industries Share Price
₹44.99 0.26 (0.58%)
As on 18-Sep'26 16:59
Anik Industries Ltd (ANIKINDS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519383 NSE: ANIKINDS Trading | Small Cap | Anik Industries Share Price
₹44.99 0.26 (0.58%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹125 Cr.
Current Price
₹45
52-Week Low / High
₹33 / 83
TTM EPS
₹-0.3
TTM Sales
₹110 Cr.
Book Value per Share
₹139.3
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
39.4
Price to Book (P/B)
0.32
Lower than its 5-year historical median
Price to Sales (P/S)
1.14
Higher than its 5-year historical median
EV/EBITDA
93.47
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.79%
Underperforms industry median
Return on Capital Employed (ROCE)
1.09%
Underperforms industry median
Return on Assets (ROA)
0.72%
Operating Profit Margin
2.6%
Net Profit Margin
2.61%
Gross Profit Margin
3.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-61.1%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
913.33%
Asset Quality
Promoter Holding
37.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹359 Cr.
Equity
₹27.8 Cr.
Face Value
₹10
All Time Low / High
₹1.85 / 131.90
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Anik Industries Ltd a good quality company?
Anik Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Anik Industries Ltd performance compare with that of its Peers?
Revenue growth of Anik Industries Ltd vs industry peers?
Anik Industries Ltd revenue CAGR is -25.25%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Anik Industries Ltd?
Promoters hold 37.14% of the Anik Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Anik Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Anik Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.8% | 22.4% | 8.8% | -2.7% | -13% | 4.9% | 6.2% | 2.8% | 1.8% | 1.8% | - |
| Value Creation Index ⓘ | -0.8 | 0.6 | -0.4 | -1.2 | -1.9 | -0.7 | -0.6 | -0.8 | -0.9 | -0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 365 | 731 | 610 | 605 | 492 | 134 | 244 | 118 | 101 | 116 | 110 |
| Sales YoY Gr. | - | 100.4% | -16.6% | -0.8% | -18.5% | -72.9% | 82.2% | -51.5% | -14.8% | 15.7% | - |
| Adj EPS ⓘ | 2.3 | -38.8 | -0.2 | -6.5 | -14.2 | 0.3 | 2.9 | 2.4 | 1.7 | 1.2 | 0.8 |
| YoY Gr. | - | -1816.4% | NA | NA | NA | NA | 1019.2% | -18.6% | -26.6% | -29.9% | - |
| BVPS (₹) ⓘ | 95.8 | 108.7 | 113.7 | 108.2 | 94.1 | 95.7 | 99.3 | 101.2 | 101.3 | 102.7 | 103.7 |
| Adj Net Profit ⓘ | 6.3 | -108 | -0.6 | -17.9 | -39.3 | 0.7 | 8.1 | 6.6 | 4.8 | 3.4 | 2 |
| Cash Flow from Ops. ⓘ | 130 | -178 | -54 | 14.1 | 3.5 | -36.5 | 56.8 | 33.9 | 42.5 | -52 | - |
| Debt/CF from Ops. ⓘ | 1 | -0 | -1 | 4.8 | 20.5 | -2.9 | 1.5 | 0.9 | 0.2 | -0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -11.9% | -25.1% | -21.8% | 15.7% | ||||
| Adj EPS ⓘ | -6.6% | NA | -25.2% | -29.9% | ||||
| BVPSⓘ | 0.8% | 1.8% | 1.1% | 1.4% | ||||
| Share Price | 4.6% | 20.2% | 5% | -38.6% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.4 | -37.9 | -0.2 | -5.8 | -14 | 0.3 | 3 | 2.4 | 1.7 | 1.2 | 0.7 |
| Op. Profit Mgn % ⓘ | -1.4 | -18.2 | 0.7 | -3.3 | -10.6 | 1.3 | 1.8 | 7 | 7 | 3.2 | 0.1 |
| Net Profit Mgn % ⓘ | 1.7 | -14.7 | -0.1 | -3 | -8 | 0.5 | 3.3 | 5.6 | 4.8 | 2.9 | 1.9 |
| Debt to Equity ⓘ | 0.5 | 0 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 831 | 321 | 246 | 268 | 324 | 1,138 | 653 | 974 | 661 | 548 | 399 |
| Cash Conv. Cycle ⓘ | -339 | -14 | 104 | 99 | 90 | 298 | 192 | 368 | 324 | 260 | 349 |
Valuation of Anik Industries - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 730 | 610 | 605 | 499 | 134 | 244 | 118 | 101 | 116 |
| Operating Expenses ⓘ + | 866 | 605 | 625 | 552 | 133 | 241 | 112 | 94 | 114 |
| Operating Profit ⓘ | -135 | 4 | -20 | -53 | 1 | 2 | 6 | 7 | 3 |
| Operating Profit Margin (%) | -18.6% | 0.7% | -3.3% | -10.6% | 0.7% | 1.0% | 4.8% | 6.9% | 2.3% |
| Other Income ⓘ + | 8 | 27 | 12 | 7 | 16 | 20 | 4 | 5 | 2 |
| Interest ⓘ | 44 | 12 | 13 | 11 | 11 | 7 | 4 | 1 | 1 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax ⓘ | 34 | 18 | -22 | -58 | 6 | 16 | 6 | 4 | 4 |
| Tax ⓘ | -1 | 4 | -7 | -19 | 2 | 6 | 1 | 4 | 1 |
| Profit After Tax | 35 | 14 | -14 | -39 | 4 | 10 | 5 | 0 | 3 |
| PAT Margin (%) | 4.8% | 2.3% | -2.4% | -7.8% | 3.4% | 4.1% | 4.3% | 0.3% | 2.6% |
| Adjusted EPS (₹) | 12.9 | 5.0 | -5.5 | -13.6 | 1.6 | 3.6 | 1.8 | 0.1 | 1.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 438 | 421 | 403 | 364 | 369 | 378 | 384 | 384 | 387 | ||
| Debt + | 4 | 47 | 68 | 72 | 104 | 50 | 27 | 4 | 0 | ||
| Minority Interest | 0 | 31 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | ||
| Trade Payables | 167 | 144 | 149 | 103 | 52 | 7 | 6 | 5 | 10 | ||
| Others Liabilities ⓘ | 104 | 78 | 147 | 162 | 200 | 293 | 2 | 7 | 15 | ||
| Total Liabilities ⓘ | 713 | 721 | 786 | 720 | 744 | 747 | 436 | 417 | 430 | ||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 161 | 153 | 152 | 150 | 149 | 148 | 147 | 146 | 99 | ||
| CWIP ⓘ | 6 | 9 | 10 | 11 | 6 | 6 | 7 | 11 | 0 | ||
| Investments ⓘ | 11 | 23 | 34 | 42 | 43 | 46 | 0 | 0 | 0 | ||
| Inventories | 64 | 72 | 83 | 50 | 54 | 40 | 21 | 6 | 92 | ||
| Trade Receivables | 288 | 277 | 240 | 187 | 151 | 133 | 111 | 104 | 107 | ||
| Cash Equivalents | 33 | 24 | 28 | 26 | 31 | 19 | 11 | 2 | 2 | ||
| Others Assets ⓘ | 149 | 163 | 238 | 254 | 309 | 355 | 140 | 148 | 131 | ||
| Total Assets ⓘ | 713 | 721 | 786 | 720 | 744 | 747 | 436 | 417 | 430 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -277 | -51 | 71 | 4 | -36 | 57 | 34 | 44 | -119 |
| Cash Flow From Investing Activity ⓘ + | 467 | 11 | -78 | 1 | 24 | 3 | 26 | -21 | 119 |
| Cash Flow From Financing Activity ⓘ + | -188 | 31 | 4 | -6 | 21 | -69 | -61 | -24 | 1 |
| Net Cash Flow ⓘ | 3 | -10 | -3 | -1 | 10 | -9 | -1 | -1 | 0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8 | 3.3 | -3.5 | -10.14 | 1.23 | 2.69 | 1.33 | 0.08 | 0.79 | |
| ROCE (%) | 17.47 | 6.59 | -1.91 | -10.31 | 3.74 | 4.8 | 2.13 | 1.32 | 1.09 | |
| Asset Turnover Ratio | 1.02 | 0.85 | 0.8 | 0.66 | 0.18 | 0.33 | 0.2 | 0.24 | 0.27 | |
| PAT to CFO Conversion(x) | -7.91 | -3.64 | N/A | N/A | -9 | 5.7 | 6.8 | N/A | -39.67 | |
| Working Capital Days | ||||||||||
| Receivable Days | 143.90 | 169.10 | 156.20 | 156.30 | 460.90 | 212.80 | 378.30 | 391.50 | 331 | |
| Inventory Days | 32.20 | 40.90 | 46.70 | 48.60 | 142.90 | 70.60 | 94.40 | 50.10 | 153.60 | |
| Payable Days | 118.20 | 96.10 | 91.20 | 94.70 | 241.40 | 50.50 | 25.20 | 21.60 | 23.80 | |
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Anik Industries Ltd FAQs
The current trading price of Anik Industries on 18-Sep-2026 16:59 is ₹44.99.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Anik Industries stood at ₹124.9 Cr
The latest P/E ratio of Anik Industries as of 17-Sep-2026 is 59.06.
The latest P/B ratio of Anik Industries as of 17-Sep-2026 is 0.43.
The 52-week high of Anik Industries is ₹83.29 and the 52-week low is ₹32.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Anik Industries is ₹110 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Anik Industries Ltd is a below average quality company.
The key valuation ratios of Anik Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Anik Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Anik Industries Ltd
Anik Industries, belongs to Ruchi group, is engaged in Food Products business,it was incorporated in 1976 as Anik Industries Pvt. Ltd.
Anik Industries Pvt. Ltd joined with Madhya Pradesh Glychem Industries Ltd. (MPGIL) to bring about a revolutionary new venture Anik Industries Ltd. In the very first year of its inception, the company recorded a turnover of Rs. 218 Crore.
Synergizing forces, production and distribution network, the company is already a force to reckon with in Dairy and Milk derivative products, Wind Power, Soya Protein Isolate & Concentrate plans underway to diversify into food processing in a big way, Anik Industries Ltd. shall take the market by storm with its high quality packaged food products, leaving thousands of farmers smiling and prosperous in its wake.
Anik Industries operates under three segments: dairy products, which include milk, ghee, milk powder and other dairy products; wind power, which includes wind power generation, and other segment includes trading of coal, agri commodities and edible oils.
The Company market its product under the brand name, Sourabh. Other brands of the Company include Anik spray, skimmed milk powder, Anik Anytime, Anik Madhur and dairy mixes.
The Company’s subsidiaries include Anik Energy Pvt. Ltd. and Anik Ferro-Alloys Pvt. Ltd. In April 2010, the Company announced that it purchased 60% interest in Anik Ferro-Alloys Pvt. Ltd. and Anik Energy Pvt. Ltd.
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