Anik Industries
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Anik Industries has won a series of income-tax appeals before the Commissioner of Income Tax (Appeals) in Mumbai, resulting in a cumulative positive impact of around ₹94 crores. The orders, all received on 30 June 2026, cover assessment years from 2014‑15 to 2019‑20 and were passed in the company’s favour, effectively overturning earlier adverse assessments. The largest single relief is ₹86.04 crores for assessment year 2017‑18, with the remaining orders adding a further ₹8 crores across other years. The company disclosed the development to stock exchanges on 1 July 2026, noting that the allowed appeals have no alleged violations left to contest and will strengthen its financial position.
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Anik Industries has won a series of income-tax appeals before the Commissioner of Income Tax (Appeals) in Mumbai, resulting in a cumulative positive impact of around ₹94 crores. The orders, all received on 30 June 2026, cover assessment years from 2014‑15 to 2019‑20 and were passed in the company’s favour, effectively overturning earlier adverse assessments. The largest single relief is ₹86.04 crores for assessment year 2017‑18, with the remaining orders adding a further ₹8 crores across other years. The company disclosed the development to stock exchanges on 1 July 2026, noting that the allowed appeals have no alleged violations left to contest and will strengthen its financial position.
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Anik Industries and its wholly owned subsidiary Revera Milk and Foods have acquired a 50% stake in Best Season Developers LLP, a recently incorporated real estate entity, for a total consideration of ₹40.47 crores. Anik Industries contributed ₹25.10 crores for a 32% interest, while Revera Milk and Foods paid ₹15.37 crores for the remaining 18%. The target was formed on 25 May 2026 with the sole objective of developing land owned by the other LLP partner into an integrated township. The consideration was discharged through the transfer of existing advances. The acquisition was approved at a board meeting concluded on 17 June 2026 and takes effect immediately.
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Anik Industries and its wholly owned subsidiary Revera Milk and Foods have acquired a 50% stake in Best Season Developers LLP, a recently incorporated real estate entity, for a total consideration of ₹40.47 crores. Anik Industries contributed ₹25.10 crores for a 32% interest, while Revera Milk and Foods paid ₹15.37 crores for the remaining 18%. The target was formed on 25 May 2026 with the sole objective of developing land owned by the other LLP partner into an integrated township. The consideration was discharged through the transfer of existing advances. The acquisition was approved at a board meeting concluded on 17 June 2026 and takes effect immediately.
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June 17 (Reuters) - Anik Industries Ltd ANIK.NS:
ANIK INDUSTRIES - BUYS 50% STAKE IN BEST SEASON DEVELOPERS LLP FOR 404.7 MILLION RUPEES
Source text: ID:nBSE7bpvsk
Further company coverage: ANIK.NS
(([email protected];;))
June 17 (Reuters) - Anik Industries Ltd ANIK.NS:
ANIK INDUSTRIES - BUYS 50% STAKE IN BEST SEASON DEVELOPERS LLP FOR 404.7 MILLION RUPEES
Source text: ID:nBSE7bpvsk
Further company coverage: ANIK.NS
(([email protected];;))
July 1 (Reuters) - Anik Industries Ltd ANIK.NS:
RE-APPOINTS MANISH SHAHRA AS MANAGING DIRECTOR
Further company coverage: ANIK.NS
(([email protected];))
July 1 (Reuters) - Anik Industries Ltd ANIK.NS:
RE-APPOINTS MANISH SHAHRA AS MANAGING DIRECTOR
Further company coverage: ANIK.NS
(([email protected];))
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What does Anik Industries do?
Anik Industries Limited, formerly known as Madhya Pradesh Glychem Industries Limited, operates in wind power generation, housing development, property development, and trading of edible oil and other commodities.
Who are the competitors of Anik Industries?
Anik Industries major competitors are Newtime Infrastruct., Coral India Fin &Hsg, Raja Bahadur Intnl., Prajay Engg.Syndicat, Swadeshi Polytex, Dharan Infra-EPC, Parsvnath Developers. Market Cap of Anik Industries is ₹119 Crs. While the median market cap of its peers are ₹131 Crs.
Is Anik Industries financially stable compared to its competitors?
Anik Industries seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Anik Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Anik Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Anik Industries allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances
How strong is Anik Industries balance sheet?
Balance sheet of Anik Industries is moderately strong.
Is the profitablity of Anik Industries improving?
The profit is oscillating. The profit of Anik Industries is -₹0.94 Crs for TTM, ₹3.1 Crs for Mar 2025 and ₹0.3 Crs for Mar 2024.
Is the debt of Anik Industries increasing or decreasing?
Yes, The net debt of Anik Industries is increasing. Latest net debt of Anik Industries is ₹27.58 Crs as of Mar-26. This is greater than Mar-25 when it was ₹0.3 Crs.
Is Anik Industries stock expensive?
Anik Industries is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Anik Industries is 75.87, while 3 year average PE is 54.65. Also latest EV/EBITDA of Anik Industries is 0.0 while 3yr average is 52.83.
Has the share price of Anik Industries grown faster than its competition?
Anik Industries has given better returns compared to its competitors. Anik Industries has grown at ~5.26% over the last 8yrs while peers have grown at a median rate of 4.58%
Is the promoter bullish about Anik Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Anik Industries is 37.14% and last quarter promoter holding is 37.14%.
Are mutual funds buying/selling Anik Industries?
The mutual fund holding of Anik Industries is stable. The current mutual fund holding in Anik Industries is 0.03% while previous quarter holding is 0.03%.