Anik Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 29, 2024, 10:07 pm

Market Cap	326 Cr.
Current Price	118
High / Low	128/41.4
Stock P/E
Book Value	139
Dividend Yield	0.00 %
ROCE	2.80 %
ROE	0.15 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Anik Industries Ltd

Competitors of Anik Industries Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
MRC Agrotech Ltd	34.0 Cr.	16.6	20.5/10.2		15.2	0.00 %	%	%	10.0
MRP Agro Ltd	141 Cr.	140	161/42.2	60.1	14.6	0.00 %	12.3 %	9.53 %	10.0
Mrugesh Trading Ltd	0.11 Cr.	4.63	4.63/4.20	0.17	762	0.00 %	0.00 %	0.00 %	10.0
Mukta Agriculture Ltd	10.3 Cr.	4.73	7.84/3.20	46.6	10.3	0.00 %	0.29 %	0.26 %	10.0
Muller and Phipps (India) Ltd	19.8 Cr.	317	726/173		23.8	0.00 %	%	%	10.0
Industry Average	9,942.81 Cr	175.86		136.45	128.36	0.12%	12.22%	9.11%	8.32

All Competitor Stocks of Anik Industries Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	45.32	62.81	61.39	74.07	54.27	26.54	21.45	15.83	18.04	14.88	11.35	56.34	10.61
Expenses	42.46	63.09	59.97	75.75	50.93	25.39	20.22	15.83	13.71	15.39	11.38	59.76	10.51
Operating Profit	2.86	-0.28	1.42	-1.68	3.34	1.15	1.23	0.00	4.33	-0.51	-0.03	-3.42	0.10
OPM %	6.31%	-0.45%	2.31%	-2.27%	6.15%	4.33%	5.73%	0.00%	24.00%	-3.43%	-0.26%	-6.07%	0.94%
Other Income	1.13	5.61	1.14	12.09	1.12	0.42	0.91	1.71	0.83	0.30	0.45	3.88	1.22
Interest	1.69	1.84	1.83	1.44	0.33	0.70	1.11	1.44	0.69	0.22	0.00	-0.02	0.00
Depreciation	0.20	0.20	0.18	0.20	0.19	0.19	0.16	0.27	0.14	0.14	0.14	0.14	0.14
Profit before tax	2.10	3.29	0.55	8.77	3.94	0.68	0.87	0.00	4.33	-0.57	0.28	0.34	1.18
Tax %	58.10%	15.20%	-5.45%	45.61%	-36.55%	79.41%	181.61%		16.17%	-17.54%	-3.57%	1,020.59%	13.56%
Net Profit	1.09	3.07	1.02	4.87	5.69	0.15	-0.71	-0.04	3.63	-0.48	0.29	-3.13	1.02
EPS in Rs	0.39	1.11	0.40	1.75	2.05	0.05	-0.26	-0.01	1.31	-0.17	0.10	-1.13	0.37

Last Updated: September 13, 2024, 11:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 13, 2024, 11:34 am

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	489.15	609.67	604.54	498.73	133.71	243.60	118.10	100.60	93.18
Expenses	624.68	605.68	625.41	551.55	132.79	241.12	112.27	93.65	97.04
Operating Profit	-135.53	3.99	-20.87	-52.82	0.92	2.48	5.83	6.95	-3.86
OPM %	-27.71%	0.65%	-3.45%	-10.59%	0.69%	1.02%	4.94%	6.91%	-4.14%
Other Income	214.92	26.82	11.99	8.07	16.92	20.86	4.36	-1.05	5.85
Interest	43.65	12.42	12.88	11.42	10.78	6.83	3.59	0.96	0.20
Depreciation	0.83	0.93	0.89	0.89	0.82	0.79	0.81	0.58	0.56
Profit before tax	34.91	17.46	-22.65	-57.06	6.24	15.72	5.79	4.36	1.23
Tax %	-2.52%	20.85%	-32.94%	-33.79%	28.04%	36.20%	12.26%	93.12%
Net Profit	35.78	13.82	-15.19	-37.78	4.49	10.03	5.08	0.30	-2.30
EPS in Rs	12.89	4.98	-5.47	-13.61	1.62	3.61	1.83	0.11	-0.83
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-61.38%	-209.91%	-148.72%	111.88%	123.39%	-49.35%	-94.09%
Change in YoY Net Profit Growth (%)	0.00%	-148.54%	61.20%	260.60%	11.50%	-172.74%	-44.74%

Anik Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-30%
3 Years:	-9%
TTM:	51%

Compounded Profit Growth
10 Years:	%
5 Years:	15%
3 Years:	9%
TTM:	-135%

Stock Price CAGR
10 Years:	16%
5 Years:	71%
3 Years:	62%
1 Year:	134%

Return on Equity
10 Years:	%
5 Years:	-1%
3 Years:	1%
Last Year:	0%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:01 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	28	28	28	28	28	28	28	28	28
Reserves	410	393	376	336	341	351	356	356	358
Borrowings	8	51	68	72	104	87	30	7	6
Other Liabilities	268	250	324	312	298	303	45	45	67
Total Liabilities	714	722	795	748	771	769	459	436	459
Fixed Assets	161	153	152	150	149	148	147	146	100
CWIP	6	9	10	11	6	6	7	11	0
Investments	11	23	34	42	43	46	0	0	0
Other Assets	536	537	598	545	573	568	305	279	359
Total Assets	714	722	795	748	771	769	459	436	459

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-277	-51	71	4	-36	57	34	44
Cash from Investing Activity +	467	11	-78	1	24	3	26	-21
Cash from Financing Activity +	-188	31	4	-6	21	-69	-61	-24
Net Cash Flow	3	-10	-3	-1	10	-9	-1	-1

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-143.53	-47.01	-88.87	-124.82	-103.08	-84.52	-24.17	-0.05

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	214.83	165.87	145.06	136.78	411.62	199.72	344.60	378.46
Inventory Days	45.77	44.57	51.41	37.86	169.32	68.03	85.13	26.71
Days Payable	118.22	89.26	92.49	77.50	162.47	11.73	22.94	19.00
Cash Conversion Cycle	142.38	121.17	103.98	97.14	418.47	256.01	406.79	386.17
Working Capital Days	109.85	145.80	114.61	95.69	467.89	259.52	447.92	513.21
ROCE %		1.97%	-1.97%	-9.67%	2.41%	3.91%	2.07%	2.80%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	40.91%	37.95%	37.93%	37.81%	37.81%	37.81%	37.81%	37.81%	37.81%	37.81%	37.81%	37.81%
FIIs	4.00%	4.00%	4.00%	4.12%	4.00%	4.00%	4.00%	4.00%	4.00%	4.00%	4.00%	4.00%
DIIs	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Government	0.00%	2.59%	2.59%	2.59%	2.59%	2.59%	2.59%	2.59%	2.59%	2.59%	2.59%	2.59%
Public	55.06%	55.42%	55.44%	55.45%	55.56%	55.57%	55.57%	55.57%	55.57%	55.55%	55.56%	55.56%
No. of Shareholders	12,295	13,467	13,726	15,705	15,255	15,055	14,926	14,411	13,335	13,039	12,818	12,516

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.11	1.83	3.62	1.62	-13.60
Diluted EPS (Rs.)	0.11	1.83	3.62	1.62	-13.60
Cash EPS (Rs.)	0.31	2.01	3.53	1.68	-13.70
Book Value[Excl.RevalReserv]/Share (Rs.)	144.90	144.87	143.03	139.43	137.85
Book Value[Incl.RevalReserv]/Share (Rs.)	144.90	144.87	143.03	139.43	137.85
Revenue From Operations / Share (Rs.)	36.25	42.55	87.77	48.18	179.70
PBDIT / Share (Rs.)	4.44	3.56	8.03	6.18	-16.70
PBIT / Share (Rs.)	4.23	3.27	7.75	5.89	-17.02
PBT / Share (Rs.)	1.57	1.98	5.30	2.02	-20.97
Net Profit / Share (Rs.)	0.10	1.72	3.25	1.39	-14.02
NP After MI And SOA / Share (Rs.)	0.10	1.83	3.62	1.62	-13.61
PBDIT Margin (%)	12.25	8.35	9.14	12.83	-9.29
PBIT Margin (%)	11.68	7.67	8.82	12.22	-9.47
PBT Margin (%)	4.33	4.65	6.03	4.18	-11.66
Net Profit Margin (%)	0.30	4.05	3.69	2.87	-7.80
NP After MI And SOA Margin (%)	0.30	4.30	4.11	3.36	-7.57
Return on Networth / Equity (%)	0.07	1.32	2.65	1.22	-10.37
Return on Capital Employeed (%)	2.89	2.21	5.36	3.61	-10.58
Return On Assets (%)	0.06	1.10	1.30	0.58	-5.04
Long Term Debt / Equity (X)	0.01	0.01	0.01	0.17	0.17
Total Debt / Equity (X)	0.01	0.07	0.11	0.28	0.19
Asset Turnover Ratio (%)	0.22	0.19	0.34	0.19	0.74
Current Ratio (X)	5.67	3.72	1.29	1.51	1.49
Quick Ratio (X)	5.46	3.28	1.18	1.34	1.32
Inventory Turnover Ratio (X)	0.43	0.80	0.86	0.66	0.47
Interest Coverage Ratio (X)	13.79	2.76	3.28	1.60	-4.23
Interest Coverage Ratio (Post Tax) (X)	8.61	2.34	2.33	1.36	-2.55
Enterprise Value (Cr.)	142.82	123.08	121.84	131.49	82.33
EV / Net Operating Revenue (X)	1.42	1.04	0.50	0.98	0.16
EV / EBITDA (X)	11.58	12.47	5.47	7.66	-1.78
MarketCap / Net Operating Revenue (X)	1.18	0.71	0.32	0.29	0.03
Price / BV (X)	0.30	0.22	0.21	0.10	0.04
Price / Net Operating Revenue (X)	1.18	0.71	0.32	0.29	0.03
EarningsYield	0.00	0.05	0.12	0.11	-2.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Anik Industries Ltd as of December 30, 2024 is: 3.19

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, Anik Industries Ltd is Overvalued by 97.30% compared to the current share price 118.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Anik Industries Ltd as of December 30, 2024 is: 2.49

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Anik Industries Ltd is Overvalued by 97.89% compared to the current share price 118.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -21.94%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 0.82 and average Dividend Yield of 6.18%. The company has higher reserves (364.11 cr) compared to borrowings (48.11 cr), indicating strong financial stability. The company has shown consistent growth in sales (321.25 cr) and profit (0.67 cr) over the years.	The stock has a low average ROCE of 0.19%, which may not be favorable. The stock has a high average Working Capital Days of 269.31, which may not be favorable. The stock has a high average Cash Conversion Cycle of 241.51, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Anik Industries Ltd:
1. Net Profit Margin: 0.3%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 2.89% (Industry Average ROCE: 12.22%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0.07% (Industry Average ROE: 9.11%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 8.61
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 5.46
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 136.45)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Anik Industries Ltd. is a Public Limited Listed company incorporated on 10/02/1976 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24118MH1976PLC136836 and registration number is 136836. Currently Company is involved in the business activities of Whole sale of other agriculture raw materials. Company’s Total Operating Revenue is Rs. 243.60 Cr. and Equity Capital is Rs. 27.75 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Trading & Distributors	610, Tulsiani Chambers, Nariman Point, Mumbai Maharashtra 400021	anik@anikgroup.com http://www.anikgroup.com

Management
Name	Position Held
Mr. Manish Shahra	Chairman & Managing Director
Mr. Ashok Kumar Trivedi	Whole Time Director
Mr. Shivam Asthana	Whole Time Director
Mr. Nilesh Jagtap	Independent Director
Mr. Navin Prakash Dashora	Independent Director
Ms. Bhagyashree Chitnis	Addnl.Independent Director

FAQ

What is the latest intrinsic value of Anik Industries Ltd?

The latest intrinsic value of Anik Industries Ltd as on 29 December 2024 is ₹3.19, which is 97.30% lower than the current market price of ₹118.00. The stock has a market capitalization of 326 Cr. and recorded a high/low of 128/41.4 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹358 Cr and total liabilities of ₹459 Cr.

What is the Market Cap of Anik Industries Ltd?

The Market Cap of Anik Industries Ltd is 326 Cr..

What is the current Stock Price of Anik Industries Ltd as on 29 December 2024?

The current stock price of Anik Industries Ltd as on 29 December 2024 is 118.

What is the High / Low of Anik Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Anik Industries Ltd stocks is 128/41.4.

What is the Stock P/E of Anik Industries Ltd?

The Stock P/E of Anik Industries Ltd is .

What is the Book Value of Anik Industries Ltd?

The Book Value of Anik Industries Ltd is 139.

What is the Dividend Yield of Anik Industries Ltd?

The Dividend Yield of Anik Industries Ltd is 0.00 %.

What is the ROCE of Anik Industries Ltd?

The ROCE of Anik Industries Ltd is 2.80 %.

What is the ROE of Anik Industries Ltd?

The ROE of Anik Industries Ltd is 0.15 %.

What is the Face Value of Anik Industries Ltd?

The Face Value of Anik Industries Ltd is 10.0.