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Anik Industries Limited
(ANIKINDS)
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Rating:45Neutral
Price Target:
₹47.00
▲(14.63% Upside)
Action:Reiterated
Date:09/24/26
The score is weighed down primarily by weakened financial performance (FY2026 losses and two consecutive years of negative operating/free cash flow), partially offset by a relatively strong balance sheet with low leverage. Technicals are neutral with only modest support from moving averages, and valuation is weak/unclear due to the negative P/E and lack of dividend yield.
Positive Factors
Low Leverage
A modest debt burden limits interest and refinancing pressure, preserving financial flexibility while operations recover. The large equity-funded capital base also improves resilience against earnings volatility and gives management more room to fund priorities without relying heavily on external financing.
Negative Factors
Revenue and Profit Decline
The sharp latest-year contraction indicates weaker business activity and has pushed the company from profitability into losses. Continued revenue pressure could reduce operating leverage, weaken reinvestment capacity, and make recovery dependent on restoring demand, pricing, or product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A modest debt burden limits interest and refinancing pressure, preserving financial flexibility while operations recover. The large equity-funded capital base also improves resilience against earnings volatility and gives management more room to fund priorities without relying heavily on external financing.
Read all positive factors
Anik Industries Limited (ANIKINDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.22B
Dividend Yield1.04%
Average Volume (3M)1.58K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth-28.46%
EPS Growth-140.42%
CountryIN
Employees11
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)-0.33
Shares Outstanding27,753,487
10 Day Avg. Volume1,148
30 Day Avg. Volume1,585
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)0.23
Price to Sales (P/S)0.63
P/FCF Ratio-1.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Anik Industries Limited Business Overview & Revenue Model
Company Description
Anik Industries Limited, an Indore, India-based company established in 1976, operates across various sectors both within India and internationally. The firm primarily deals in agricultural commodities, edible oils, and coal. Its operations are cat...
How the Company Makes Money
Anik Industries Limited makes money primarily through revenue generated from its operating segments, chiefly dairy/food and real estate. In the dairy/food business, the company earns income by producing and selling dairy-based products (e.g., milk...
Anik Industries Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
74
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.10B | 1.44B | 1.16B | 1.01B | 1.18B | 2.44B |
| Gross Profit | 45.24M | 48.97M | 81.55M | 139.15M | 265.97M | 301.21M |
| EBITDA | 14.28M | 16.93M | 47.53M | 58.91M | 98.85M | 217.79M |
| Net Income | -9.08M | -9.35M | 30.40M | 3.03M | 50.83M | 100.33M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.78B | 4.49B | 4.36B | 4.59B | 7.69B |
| Cash, Cash Equivalents and Short-Term Investments | 30.47M | 30.47M | 25.02M | 10.17M | 20.22M | 25.62M |
| Total Debt | 0.00 | 306.26M | 38.39M | 73.38M | 302.93M | 873.47M |
| Total Liabilities | -4.05B | 728.14M | 439.26M | 340.98M | 564.57M | 3.72B |
| Stockholders Equity | 4.05B | 3.86B | 3.87B | 3.84B | 3.84B | 3.78B |
Cash Flow | ||||||
| Free Cash Flow | -206.62M | -504.92M | -625.06M | 396.46M | 24.96M | 568.19M |
| Operating Cash Flow | -206.45M | -498.29M | -623.85M | 439.26M | 336.91M | 574.81M |
| Investing Cash Flow | 57.09M | 234.60M | 674.92M | -209.96M | 264.02M | 27.68M |
| Financing Cash Flow | 153.20M | 271.13M | -48.07M | -240.47M | -606.34M | -693.69M |
Anik Industries Limited Technical Analysis
Positive
41.00
Price Trends
44.13
Positive
44.45
Positive
45.45
Negative
Market Momentum
0.02
Negative
50.84
Neutral
49.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANIKINDS, the sentiment is Positive. The current price of 41 is below the 20-day moving average (MA) of 44.66, below the 50-day MA of 44.13, and below the 200-day MA of 45.45, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 50.84 is Neutral, neither overbought nor oversold. The STOCH value of 49.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ANIKINDS.
Anik Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.41B | 10.79 | ― | 0.43% | -1.05% | 75.71% | |
60 Neutral | ₹1.02B | 33.20 | ― | 0.31% | -10.49% | 17.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹962.24M | 10.31 | ― | 0.35% | -5.34% | -12.28% | |
49 Neutral | ₹1.04B | 27.61 | ― | 1.02% | -1.58% | -14.14% | |
48 Neutral | ₹1.37B | 59.93 | ― | 0.27% | 0.65% | -4.33% | |
45 Neutral | ₹1.22B | -135.97 | ― | 1.04% | -28.46% | -140.42% |
* General Sector Average
IN:ANIKINDS
Anik Industries Limited
44.99
-18.89
-29.57%
IN:BHANDARI
Bhandari Hosiery Exports Ltd
2.88
-1.18
-29.08%
IN:LAMBODHARA
Lambodhara Textiles Ltd.
129.25
-2.65
-2.01%
IN:LOVABLE
Lovable Lingerie Limited
71.30
-25.48
-26.33%
IN:SALONA
Salona Cotspin Limited
258.75
8.31
3.32%
IN:SURYALAXMI
Suryalakshmi Cotton Mills Ltd.
55.50
-9.31
-14.37%
Anik Industries Limited Corporate Events
Anik Industries Holds 50th AGM Via Video Conferencing Under MCA and SEBI Norms
Sep 29, 2026
Anik Industries Limited convened its 50th Annual General Meeting on September 29, 2026 at 11:30 a.m. IST via video conferencing and other audio-visual means, with its Mumbai registered office deemed the official venue. The meeting format complied ...
Anik Industries Board Addresses Stock Exchange Fines for Regulatory Lapse
Aug 17, 2026
Anik Industries Limited disclosed that both BSE and NSE have imposed fines of Rs. 1,00,300 each, inclusive of GST, for non-compliance with Regulation 33 of the Listing Regulations related to timely financial reporting. The company informed that th...
Anik Industries Wins Key Income Tax Appeals, Easing Regulatory Overhang
Jul 1, 2026
Anik Industries Limited has announced that the Commissioner of Income Tax (Appeals) in Mumbai has allowed the company’s appeals against several assessment orders under various sections of the Income-tax Act, 1961, covering assessment years f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.