Anik Industries Limited (ANIKINDS) AI Stock Analysis

• Market Cap: ₹1.08B
• Dividend Yield: N/A
• Average Volume (3M): 7.28K
• Price to Earnings (P/E): 50.0
• Beta (1Y): 1.27
• Revenue Growth: 86.09%
• EPS Growth: N/A
• Country: IN
• Employees: 28
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Distribution
• EPS (TTM): 0.27
• Shares Outstanding: 27,753,487
• 10 Day Avg. Volume: 2,756
• 30 Day Avg. Volume: 7,281
• PEG Ratio: 0.13
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 3.03
• P/FCF Ratio: -5.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: ₹38.00 ▼(-26.81% Downside)
• Action: Reiterated Date: 12/02/25
• Date: Action: Reiterated 12/02/25

Anik Industries Limited's stock score is primarily impacted by its financial performance challenges, including revenue fluctuations and cash flow volatility. Technical analysis indicates a bearish trend with the stock trading below major moving averages. The high P/E ratio suggests overvaluation, further affecting the overall score.

Positive Factors

Diversified Business Model

Owning both dairy processing and wind-generation assets provides revenue diversification and reduces single-market exposure. Wind power offers stable, contract-like generation income while dairy drives growth, supporting steadier consolidated cash flow over multi-month horizons.

Capital Structure Strength

An improving debt-to-equity ratio and strong equity base signal financial stability and lower solvency risk, giving management flexibility for reinvestment or weathering cyclical shocks. This durable balance-sheet strength supports long-term operations and credit access.

Recent Revenue Upside

A reported ~49% revenue growth indicates meaningful demand traction and capacity to scale sales. If sustained, this growth can underpin improved margins and better utilization of processing and distribution assets, strengthening operating leverage over coming quarters.

Negative Factors

Cash Flow Volatility

Negative and volatile operating cash flow shows earnings are not consistently converting to cash, creating liquidity risk. This undermines the company’s ability to self-fund working capital, capex or debt service, forcing reliance on external financing intermittently.

Weak Profitability Margins

Sustained low gross margins and falling EBIT/EBITDA margins point to structural cost pressures or limited pricing power in core dairy operations. Over months, this compresses operating cash generation and limits ability to invest in product or distribution upgrades.

Scale & Revenue Volatility

Significant revenue volatility coupled with a very small workforce suggests limited scale and operational bandwidth. Small scale can constrain bargaining power, distribution reach, and resilience to raw milk price swings, making earnings and cash flow forecasting harder over time.

Anik Industries Limited Business Overview & Revenue Model

Company Description

Anik Industries Limited trades in agri-commodities, edible oils, and coal in India and internationally. The company operates through Wind Power, Real Estate, and Others segments. It trades in and merchandises agri-commodities, such as cotton, oilseeds, grains, pulses, spices, and various agro based products; and offers integrated ferro alloys for use in steel making. The company also operates wind power projects located at Nagda Hills, Dewas in Madhya Pradesh and Jaisalmer in Rajasthan. In addition, it is involved in the construction and development of housing projects and properties; mining of natural resources and manganese; and development of phosphate rock deposits. The company was formerly known as Madhya Pradesh Glychem Industries Limited and changed its name to Anik Industries Limited in September 2006. Anik Industries Limited was incorporated in 1976 and is based in Indore, India.

How the Company Makes Money

Anik Industries primarily makes money through (1) selling dairy and dairy-related products and (2) generating revenue from wind power operations. In its dairy business, revenue is earned from the sale of processed milk and value-added milk products distributed through its sales channels; profitability is influenced by procurement costs of raw milk, processing/packaging costs, product mix, and pricing. In its wind power business, revenue is earned by selling electricity generated from its wind energy assets, typically under power sale arrangements with off-takers (e.g., through utility/grid sale mechanisms or contracted arrangements). Specific details such as exact product portfolio by brand, customer concentration, contract terms, or major partnerships are null.

Anik Industries Limited Financial Statement Overview

Summary

Anik Industries Limited faces challenges with fluctuating revenues and inconsistent profitability. While the balance sheet remains relatively strong with a solid equity base, cash flow volatility poses concerns for liquidity management. The company needs to address operational inefficiencies and enhance cash flow stability to improve overall financial health.

Income Statement

Anik Industries Limited shows a volatile revenue trend with significant fluctuations over the years. The gross profit margin is relatively low, indicating challenges in managing production costs. Net profit margin has improved recently, showing some recovery in profitability. However, the decline in EBIT and EBITDA margins suggests ongoing operational inefficiencies.

Balance Sheet

The company has a strong equity base with an improving debt-to-equity ratio, indicating stability. However, the return on equity remains modest, reflecting limited profitability relative to shareholder equity. The equity ratio suggests a healthy financial structure with a significant proportion of assets financed by equity.

Cash Flow

Cash flow analysis reveals substantial volatility, with operating cash flow turning negative in the latest year. Free cash flow growth is concerning, indicating cash flow management issues. The operating cash flow to net income ratio shows inconsistency in converting earnings to cash, posing a potential liquidity risk.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.97B	1.16B	1.01B	1.18B	2.44B	1.34B
Gross Profit	106.52M	81.55M	139.15M	265.97M	301.21M	163.47M
EBITDA	34.36M	47.53M	58.91M	98.85M	217.79M	178.46M
Net Income	15.50M	30.40M	3.03M	50.83M	100.33M	45.02M
Balance Sheet
Total Assets	4.72B	4.49B	4.36B	4.59B	7.69B	7.71B
Cash, Cash Equivalents and Short-Term Investments	37.88M	25.02M	10.17M	20.22M	25.62M	116.82M
Total Debt	191.07M	38.39M	73.38M	302.93M	873.47M	1.04B
Total Liabilities	659.93M	439.26M	340.98M	564.57M	3.72B	3.84B
Stockholders Equity	3.88B	3.87B	3.84B	3.84B	3.78B	3.69B
Cash Flow
Free Cash Flow	-206.62M	-625.06M	396.46M	24.96M	568.19M	-364.68M
Operating Cash Flow	-206.45M	-623.85M	439.26M	336.91M	574.81M	-360.79M
Investing Cash Flow	57.09M	674.92M	-209.96M	264.02M	27.68M	243.31M
Financing Cash Flow	153.20M	-48.07M	-240.47M	-606.34M	-693.69M	214.43M

Anik Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANIKINDS, the sentiment is Negative. The current price of 51.92 is above the 20-day moving average (MA) of 43.16, above the 50-day MA of 46.42, and below the 200-day MA of 73.35, indicating a bearish trend. The MACD of -2.41 indicates Positive momentum. The RSI at 30.03 is Neutral, neither overbought nor oversold. The STOCH value of 41.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ANIKINDS.

Anik Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANOMAY	69 Neutral	₹3.68B	19.63	―	―	8.41%	8.81%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SHREYANIND	61 Neutral	₹2.13B	-23.74	―	1.72%	6.00%	-19.96%
MARALOVER	47 Neutral	₹1.68B	8.66	―	―	-0.90%	-304.07%
ANIKINDS	46 Neutral	₹1.08B	50.01	―	―	86.09%	―
ZODIACLOTH	40 Underperform	₹1.87B	-6.35	―	―	4.96%	14.10%

Anik Industries Limited Corporate Events

Anik Industries Confirms Dispatch and Publication of Postal Ballot Notice

Anik Industries Limited has notified the stock exchanges that it has published a newspaper advertisement confirming completion of the dispatch of its postal ballot notice to shareholders. The communication, made under Indian securities listing regulations, indicates that details of the advertisement are also available on the company’s website, underscoring its compliance with disclosure norms and the formal progression of a shareholder approval process.

The announcement signals that the company is moving ahead with corporate actions requiring shareholder consent via postal ballot, a mechanism often used for key resolutions outside a physical general meeting. For investors and other stakeholders, this step primarily highlights procedural transparency and adherence to regulatory requirements, while the specific business implications will depend on the resolutions contained in the postal ballot notice, which are not detailed in the release.