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Antarctica Ltd (IN:ANTGRAPHIC)
:ANTGRAPHIC
India Market
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Antarctica Ltd (ANTGRAPHIC) AI Stock Analysis

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IN:ANTGRAPHIC

Antarctica Ltd

(ANTGRAPHIC)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
Action:Reiterated
Date:06/28/26
The score is held back primarily by weak cash conversion (deeply negative and worsening operating/free cash flow) and higher leverage despite improved profitability. A low P/E provides valuation support, but limited technical data prevents confirming market momentum.
Positive Factors
Revenue Growth
A more than doubling of revenue demonstrates sustained demand expansion and successful scale-up of sales or distribution. This structural growth improves odds for operating leverage, supports future investment in capacity or product development, and enhances competitive positioning.
Negative Factors
Negative Cash Conversion
Deep and worsening negative operating and free cash flow show earnings are not converting into cash, implying persistent working-capital strain or cash-intensive growth. Over months this can force repeated external funding, constrain reinvestment, and raise execution risk if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A more than doubling of revenue demonstrates sustained demand expansion and successful scale-up of sales or distribution. This structural growth improves odds for operating leverage, supports future investment in capacity or product development, and enhances competitive positioning.
Read all positive factors

Antarctica Ltd (ANTGRAPHIC) vs. iShares MSCI India ETF (INDA)

Antarctica Ltd Business Overview & Revenue Model

Company Description
Antarctica Limited, an Indian enterprise headquartered in Kolkata, was established in 1991. The company specializes in manufacturing and selling a diverse range of paper-based packaging and printing solutions. Its packaging offerings include vario...

Antarctica Ltd Financial Statement Overview

Summary
Strong FY2026 revenue growth and a swing to net profit are positives, and equity still supports the balance sheet. However, operating and free cash flow are deeply negative and worsening, and debt increased materially—raising liquidity and execution risk.
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
24
Negative
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue629.05M250.47M8.39M6.77M10.32M
Gross Profit11.47M13.45M2.73M5.99M7.89M
EBITDA16.73M8.19M-3.04M1.13M1.29M
Net Income12.76M-3.23M-4.30M-50.00K151.00K
Balance Sheet
Total Assets546.95M506.21M192.46M200.66M199.49M
Cash, Cash Equivalents and Short-Term Investments866.00K1.20M3.01M4.06M3.02M
Total Debt92.28M51.84M28.37M30.51M29.04M
Total Liabilities374.55M346.57M29.58M33.49M32.26M
Stockholders Equity172.40M159.64M162.88M167.17M167.22M
Cash Flow
Free Cash Flow-40.77M-25.70M-157.00K-539.00K-1.39M
Operating Cash Flow-40.77M-22.86M402.00K-310.00K-1.37M
Investing Cash Flow0.00-2.40M1.72M-115.00K2.58M
Financing Cash Flow40.44M23.24M-2.18M1.47M-630.00K

Antarctica Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
56
Neutral
11.50227.74%-41.63%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
₹52.28M1.4170.50%
43
Neutral
₹236.82M-1.71-49.54%-1862.51%
42
Neutral
₹158.15M-4.19-20.82%-118.55%
41
Neutral
₹135.32M-0.65-97.10%62.68%
40
Underperform
₹254.99M-9.4021.58%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:ANTGRAPHIC
Antarctica Ltd
IN:ASTRON
Astron Paper & Board Mill Ltd.
2.91
-12.28
-80.84%
IN:BGLOBAL
Bharatiya Global Infomedia Limited
3.30
-0.30
-8.33%
IN:INFOMEDIA
Infomedia Press Ltd.
5.08
-2.14
-29.64%
IN:PNC
Pritish Nandy Communications Limited
16.37
-19.67
-54.58%
IN:RADAAN
Radaan Mediaworks (I) Ltd.
2.92
-0.58
-16.57%

Antarctica Ltd Corporate Events

Antarctica Limited Swings to Profit on Surging FY26 Revenue
Jun 26, 2026
Antarctica Limited reported audited standalone financial results for the quarter and year ended March 31, 2026, showing a sharp rise in revenue from operations to Rs 6,290.50 lakh for the year, up from Rs 2,504.72 lakh a year earlier. Despite a sm...
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.Date of analysis: Jun 28, 2026