Antarctica Ltd (ANTGRAPHIC) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): 17.6
• Beta (1Y): N/A
• Revenue Growth: 3413.89%
• EPS Growth: N/A
• Country: IN
• Employees: 4
• Sector: Technology
• Sector Strength: 88
• Industry: Packaging & Containers
• EPS (TTM): 0.01
• Shares Outstanding: 155,009,600
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 1.52
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.65
• P/FCF Ratio: -6.35
• 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: 44 Neutral
• Price Target: ―
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is primarily pressured by weak financial quality: despite a strong FY2025 revenue rebound, margins remain negative and gross margin fell sharply, while FY2025 operating and free cash flow turned deeply negative. A serviceable balance sheet with moderate leverage offers some support, but missing technical and valuation data limits upside in the overall score.

Positive Factors

Revenue Growth

The strong revenue growth indicates robust demand and market expansion, which can drive future profitability as operational efficiencies improve.

Moderate Leverage

Moderate leverage provides financial stability, allowing the company to manage debt effectively while pursuing growth opportunities.

Market Position

The significant revenue increase suggests a strengthening market position, enhancing competitive advantage and long-term growth potential.

Negative Factors

Negative Cash Flow

Negative cash flow indicates the company is consuming cash, which can lead to liquidity issues and limit investment in growth initiatives.

Profitability Challenges

Sustained negative margins highlight ongoing profitability challenges, which may hinder the company's ability to generate sustainable earnings.

Gross Margin Compression

Significant gross margin compression suggests pricing pressure or increased costs, impacting the company's ability to maintain healthy profit margins.

Antarctica Ltd Business Overview & Revenue Model

Company Description

Antarctica Limited manufactures and sells paper-based packaging and publishing products in India. It offers folding cartons with inner liner for powers, granulated materials and liquids lock bottom, and reverse tuck-in boxes; and hard tag double chambered tea bags with or without outer envelopes, as well as printed hard tags for tea bag making. The company also provides printed and PE coated paper cups; and books, brochures, labels, and posters. It primarily supplies its packaging materials to the tea, pharmaceutical, and spices industries. It also exports its products to Sri Lanka, the Middle East, the United Arab Emirates, Russia, Kazakhstan, Nepal, and internationally. Antarctica Limited was incorporated in 1991 and is based in Kolkata, India.

How the Company Makes Money

Antarctica Ltd generates revenue through multiple streams, primarily from service fees charged for its graphic design and marketing services. This includes project-based fees for specific design tasks, retainer agreements with clients for ongoing marketing support, and royalties from proprietary designs and branding assets. Additionally, ANTGRAPHIC has established strategic partnerships with digital marketing platforms and software providers, allowing for co-marketing opportunities and shared revenue arrangements. The company also benefits from an expanding client base, which includes both local businesses and international corporations, further diversifying its income sources.

Antarctica Ltd Financial Statement Overview

Summary

Revenue rebounded strongly in FY2025 (+~34.8% YoY), but profitability remains weak with a negative net margin (~-1.3%) and a sharp gross margin compression (~5.4% vs ~32.6% in FY2024). The balance sheet is serviceable with moderate leverage (debt-to-equity ~0.32) but returns are negative (ROE ~-2.0%). The largest concern is FY2025 cash burn: operating cash flow (~-22.9M) and free cash flow (~-25.7M) turned deeply negative, increasing liquidity/funding risk.

Income Statement

Revenue rebounded sharply in FY2025 (up ~34.8% YoY), showing strong top-line momentum. However, profitability remains weak: FY2025 net margin stayed negative (~-1.3%) and gross margin compressed materially (~5.4% vs ~32.6% in FY2024), suggesting pricing pressure and/or higher input costs. Losses narrowed meaningfully versus FY2024 (when margins were deeply negative), but the company has not yet re-established consistent bottom-line profitability.

Balance Sheet

Leverage is moderate with debt-to-equity around ~0.32 in FY2025 (up from ~0.17 in FY2024), indicating increased reliance on debt but not at extreme levels. Equity remains sizable (≈159.6M) relative to debt (≈51.8M), providing balance-sheet support. The key weakness is returns: return on equity is negative in FY2025 (about -2.0%), reflecting ongoing losses and limiting the quality of the capital base.

Cash Flow

Cash generation deteriorated sharply in FY2025: operating cash flow turned significantly negative (≈-22.9M) and free cash flow was also deeply negative (≈-25.7M). This implies the business is currently consuming cash, which can increase funding risk if sustained. While some earlier years showed smaller cash outflows (and FY2024 briefly had slightly positive operating cash flow), the latest year’s cash burn is a clear setback.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	346.08M	250.47M	8.39M	6.77M	10.32M	10.77M
Gross Profit	44.42M	13.45M	2.73M	5.99M	7.89M	6.99M
EBITDA	35.65M	8.19M	-3.04M	1.13M	1.29M	1.37M
Net Income	23.34M	-3.23M	-4.30M	-50.00K	151.00K	170.00K
Balance Sheet
Total Assets	799.01M	506.21M	192.46M	200.66M	199.49M	200.58M
Cash, Cash Equivalents and Short-Term Investments	1.15M	1.20M	3.01M	4.06M	3.02M	2.16M
Total Debt	111.67M	51.84M	28.37M	30.51M	29.04M	29.64M
Total Liabilities	627.94M	346.57M	29.58M	33.49M	32.26M	33.51M
Stockholders Equity	171.07M	159.64M	162.88M	167.17M	167.22M	167.07M
Cash Flow
Free Cash Flow	-59.88M	-25.70M	-157.00K	-539.00K	-1.39M	-1.76M
Operating Cash Flow	-57.70M	-22.86M	402.00K	-310.00K	-1.37M	-1.74M
Investing Cash Flow	-2.17M	-2.40M	1.72M	-115.00K	2.58M	124.90K
Financing Cash Flow	59.84M	23.24M	-2.18M	1.47M	-630.00K	1.73M

Antarctica Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KPITTECH	66 Neutral	₹179.28B	59.84	―	0.69%	13.34%	5.98%
LTIM	66 Neutral	₹1.24T	46.27	―	1.08%	8.72%	4.54%
ROUTE	64 Neutral	₹28.08B	11.31	―	1.54%	6.36%	-54.41%
INTELLECT	62 Neutral	₹89.72B	118.88	―	0.69%	15.87%	39.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ANTGRAPHIC	44 Neutral	―	17.61	―	―	3413.89%	―
QUICKHEAL	41 Neutral	₹7.62B	54.49	―	1.08%	―	―