Key Metrics of Anik Industries Limited
About Anik Industries Limited
Company details
- Registered office
- 610, Tulsiani Chambers Nariman Point, Mumbai, In-mh, 400021
- Listed
- NSE: ANIKINDS · ₹39.74
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
NoteLatest action: rating withdrawn (CARE, 29 Nov 2023)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 29 Nov 2023 | CARE | Withdrawn | D | — | — | — | View |
| 01 Sep 2022 | CARE | Non-cooperating | D | — | — | ₹78.0 Cr | View |
| 21 Jul 2021 | CARE | Non-cooperating | D | — | — | ₹480 Cr | View |
| 19 Jun 2020 | CARE | Non-cooperating | D | — | — | ₹480 Cr | View |
| 21 Aug 2019 | CARE | Non-cooperating | D | A4 | — | ₹240 Cr | View |
| 09 Jul 2019 | CARE | Non-cooperating | C | A4 | Stable | ₹240 Cr | View |
| 15 Mar 2019 | CARE | Non-cooperating (from BB+) | B+ | A4 | Stable | ₹240 Cr | View |
| 18 Feb 2019 | CARE | Watch | BB+ | A4 | — | ₹240 Cr | View |
Credit strengths (CARE, Sep 2022)
—
Credit challenges
− On-going delays in debt servicing
As per results published on stock exchange for quarter ended June 30, 2022, there has been instance of Letter of Credit (LC) devolvement. Furthermore, one of the lenders also informed that there were instances of LC devolvement in the month of June and August 2022.
Could lead to an upgrade
• The ability of the company to meet its debt obligation in timely manner for a period of at least consecutive t hree months.
Agency-reported financials (CARE, 29 Nov 2023)
| Metric | March 31, 2022 | March 31, 2023 | H1FY24 |
|---|---|---|---|
| Total operating income | ₹244 Cr | ₹118 Cr | ₹32.92 Cr |
| PBILDT | ₹2.53 Cr | ₹5.88 Cr | ₹5.00 Cr |
| PAT | ₹10.03 Cr | ₹5.07 Cr | ₹3.20 Cr |
| Overall gearing (times) | 0.15× | 0.11× | 0.03× |
| Interest coverage (times) | 0.37× | 1.64× | 5.49× |
| Revenue growth (YoY) | — | −51.5% | — |
| EBITDA margin | 1.0% | 5.0% | 15.2% |
| Implied interest cost (EBITDA ÷ coverage) | ₹6.84 Cr | ₹3.59 Cr | ₹0.91 Cr |
| PAT margin | 4.1% | 4.3% | 9.7% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long Term Bank Facilities | Working capital & bank lines | — | ₹10.0 Cr | — | D | Non-cooperating | CARE |
| Short Term Bank Facilities | Working capital & bank lines | — | ₹68.0 Cr | — | D | Non-cooperating | CARE |
CARE ratings on record (checked 22 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Long Term | — | Withdrawn |
| Short Term | — | Withdrawn |
| Working Capital Demand loan | — | Withdrawn |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | In default (CARE D) |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Withdrawal | CARE · 29 Nov 2023 · Withdrawn at company request with lender NOCs |
| Next action stable or better (model) | 24% |
| Information on file | 67% · missing: Capex / investment plans, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 24% chance the next rating action is stable or better
- Current rating D (below investment grade)
- Interest coverage 14.48×
- Issuer not cooperating with the rating agency
- CARE withdrew its ratings on 29 Nov 2023 — usually after the rated bank loans were repaid or moved to another lender
Rated limits by facility
Timeline
From the report
Analytical approach: Standalone Detailed description of the key rating drivers: Key weaknesses Delays in debt servicing: As per AIL’s annual report for FY23, the company had defaulted in repayments of its debt obligations.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.