Anik Industries Limited (ANIKINDS) AI Stock Analysis

• Market Cap: ₹1.40B
• Dividend Yield: N/A
• Average Volume (3M): 7.28K
• Price to Earnings (P/E): 91.3
• Beta (1Y): 1.17
• Revenue Growth: 86.09%
• EPS Growth: N/A
• Country: IN
• Employees: 28
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Distribution
• EPS (TTM): 0.10
• 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: ₹47.00 ▼(-9.48% Downside)

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

Ownership of both dairy processing and wind power provides structural revenue diversification that can smooth cash flow cycles across agri-seasonality and renewable generation. This mix supports resilience and long-term stability in core cash generation and strategic optionality.

Strong equity base and improving leverage

A solid equity base and falling leverage give the company durable financial flexibility to fund capex, absorb shocks, and pursue operational improvements without heavy reliance on expensive external debt, supporting sustainable operations and strategic investments.

Recent revenue growth

Material top-line expansion, if sustained, improves scale economics and the company’s ability to absorb fixed costs across dairy and wind segments. Higher revenue over months supports capacity utilization, bargaining power with suppliers, and potential margin recovery.

Negative Factors

Cash flow volatility and negative OCF

Negative and volatile operating cash flow undermines self-funding of working capital, maintenance capex and wind asset upkeep. Reliance on external financing or equity dilution to sustain operations is a persistent risk that can constrain long-term reinvestment and growth.

Low gross margins and declining operating margins

Persistent low gross margins and falling EBIT/EBITDA margins point to structural cost pressures in procurement/processing and operational inefficiencies. Without sustained margin improvement, profitability and free cash generation will remain constrained over the medium term.

Modest return on equity

A modest ROE indicates the company is not efficiently converting shareholder capital into profits. Given an equity-heavy structure, continued low ROE suggests limited shareholder value creation unless the firm improves margins, asset turnover, or capital allocation.

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 Limited generates revenue through several key streams. Primarily, the company earns income from the sale of its chemical products, which are used in various applications such as agriculture and industrial processes. The textile division contributes significantly by producing fabrics and garments that are sold to wholesalers and retailers. Packaging solutions also represent a crucial revenue stream, as Anik Industries provides customized packaging products to businesses in different sectors. Additionally, the company may engage in strategic partnerships with other firms to enhance its distribution capabilities or co-develop products, which can further boost its revenue. Factors such as market demand, pricing strategies, and operational efficiency play a vital role in the overall earnings of Anik Industries Limited.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.54B	1.16B	1.01B	1.18B	2.44B	1.34B
Gross Profit	91.90M	81.55M	139.15M	265.97M	301.21M	163.47M
EBITDA	40.17M	47.53M	58.91M	98.85M	217.79M	178.46M
Net Income	22.47M	30.40M	3.03M	50.83M	100.33M	45.02M
Balance Sheet
Total Assets	0.00	4.49B	4.36B	4.59B	7.69B	7.71B
Cash, Cash Equivalents and Short-Term Investments	17.73M	25.02M	10.17M	20.22M	25.62M	116.82M
Total Debt	0.00	38.39M	73.38M	302.93M	873.47M	1.04B
Total Liabilities	-4.05B	439.26M	340.98M	564.57M	3.72B	3.84B
Stockholders Equity	4.05B	3.87B	3.84B	3.84B	3.78B	3.69B
Cash Flow
Free Cash Flow	0.00	-625.06M	396.46M	24.96M	568.19M	-364.68M
Operating Cash Flow	0.00	-623.85M	439.26M	336.91M	574.81M	-360.79M
Investing Cash Flow	0.00	674.92M	-209.96M	264.02M	27.68M	243.31M
Financing Cash Flow	0.00	-48.07M	-240.47M	-606.34M	-693.69M	214.43M

Anik Industries Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 51.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Neutral. The current price of 51.92 is above the 20-day moving average (MA) of 48.68, below the 50-day MA of 52.91, and below the 200-day MA of 83.42, indicating a neutral trend. The MACD of -0.86 indicates Negative momentum. The RSI at 51.20 is Neutral, neither overbought nor oversold. The STOCH value of 75.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	₹4.01B	21.59	―	―	8.41%	8.81%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SHREYANIND	61 Neutral	₹2.23B	4.74	―	1.72%	6.00%	-19.96%
MARALOVER	47 Neutral	₹1.57B	-6.73	―	―	-0.90%	-304.07%
ANIKINDS	46 Neutral	₹1.40B	91.28	―	―	86.09%	―
ZODIACLOTH	42 Neutral	₹2.08B	-6.35	―	―	4.96%	14.10%