Consumer Food · Founded 1994 · www.ansfoods.com · BSE 531406 · · ISIN INE234J01018
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1. Business Overview
ANS Industries Ltd. operates in the Consumer Food sector in India. The company is primarily involved in the processing, manufacturing, and distribution of food products intended for consumer consumption. Its core business model revolves around sourcing raw materials, transforming them into various packaged food items, and then marketing and selling these products through established distribution channels to reach end consumers. The company generates revenue through the sale of its food products in the domestic market.
2. Key Segments / Revenue Mix
Information regarding specific business segments or a detailed breakdown of revenue mix by product category, geography, or sales channel is not publicly available or disclosed in the provided input. It is likely that the company operates as a single segment entity within the broader consumer food category, or details of sub-segments are not granular enough for public reporting.
3. Industry & Positioning
ANS Industries Ltd. operates within the Indian Consumer Food industry, a large, diverse, and competitive market characterized by both organized and unorganized players. The industry is driven by India's large population, rising disposable incomes, increasing urbanization, and a growing preference for packaged, convenience, and value-added food products. The market includes a mix of large multinational corporations, established national players, and numerous regional and local brands. Without specific market share data or unique product offerings, ANS Industries Ltd. is positioned as a participant within this competitive landscape, likely catering to specific regional markets or niche product categories. Differentiation through quality, pricing, distribution, or specific product innovation is crucial for its standing against a wide range of competitors.
4. Competitive Advantage (Moat)
Based on the limited information, a strong, durable competitive advantage (moat) for ANS Industries Ltd. is not readily apparent. In the consumer food sector, moats often stem from strong brand equity, extensive distribution networks, economies of scale in production and procurement, or proprietary recipes/technology. While the company may possess some operational efficiencies or a loyal customer base in its target markets, these are typically less durable than a well-established national brand or a significant cost advantage. The company likely operates in a highly competitive environment where continuous innovation and execution are key to maintaining its position.
5. Growth Drivers
Key factors that can drive growth for ANS Industries Ltd. over the next 3-5 years include:
Growing Indian Consumer Market: Continued population growth, rising per capita income, and increasing urbanization in India lead to higher demand for food products.
Shift towards Packaged Foods: A rising preference for branded, hygienic, and convenient packaged food products among Indian consumers, especially in urban and semi-urban areas.
Expansion of Product Portfolio: Introduction of new products, flavors, and categories that cater to evolving consumer tastes, health trends, and dietary preferences.
Enhanced Distribution Network: Expansion into new geographies or strengthening existing distribution channels, including modern trade, e-commerce, and rural markets.
Value-added Products: Focus on premium or value-added products that can command better margins and attract new consumer segments.
6. Risks
Key business risks for ANS Industries Ltd. include:
Raw Material Price Volatility: Fluctuations in the prices of agricultural commodities and other inputs can impact production costs and profitability.
Intense Competition: High competition from established national and international brands, as well as regional players, can put pressure on pricing and market share.
Changing Consumer Preferences: Rapid shifts in consumer tastes, dietary trends, and health consciousness require constant product innovation and adaptation.
Regulatory Changes: Strict food safety standards, labeling requirements, and other government regulations can increase compliance costs and operational complexities.
Supply Chain Disruptions: Issues such as adverse weather conditions, logistics challenges, or geopolitical events can disrupt raw material sourcing and product distribution.
Brand Reputation Risk: Product recalls, quality issues, or negative publicity can severely damage brand trust and sales.
7. Management & Ownership
As is common with many Indian companies, ANS Industries Ltd. is likely promoter-driven, with significant ownership held by the founding family or group. The specific details regarding the quality, experience, and track record of the current management team are not available in the provided input. The ownership structure typically involves a promoter group holding a majority stake, alongside institutional and public shareholders forming the remaining float.
8. Outlook
ANS Industries Ltd. operates in the dynamic and growing Indian Consumer Food sector, benefiting from favorable demographic and economic trends. The company has opportunities to grow by expanding its product offerings, strengthening its brand, and enhancing its distribution network to tap into the increasing demand for packaged foods. However, the sector is highly competitive, characterized by intense price wars, significant marketing spends by larger players, and the constant need for innovation to adapt to evolving consumer preferences. Key challenges include managing raw material price volatility, navigating a complex regulatory environment, and building a sustainable competitive advantage against a multitude of rivals. Its future success will largely depend on its ability to effectively execute its growth strategies, maintain product quality, manage costs efficiently, and differentiate its offerings in a crowded market.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | 0 | -0 | -2 | -0 | -0 | -0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 0 | -0 | -2 | -0 | -0 | -0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 |
| Profit After Tax | -0 | -0 | 0 | -0 | -2 | -0 | -0 | -0 | -0 | -0 |
| Adjustments | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | -0 | -2 | -0 | -0 | -0 | -0 | -0 |
| Adjusted Earnings Per Share | -0.2 | -0.3 | 0.3 | -0.3 | -1.8 | -0.2 | -0.1 | -0.2 | -0.1 | -0.2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3 | 5 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 1 | 3 | 3 | 1 | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 0 |
| Total Income | 4 | 8 | 6 | 4 | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 0 |
| Total Expenditure | 5 | 5 | 4 | 3 | 1 | 1 | 4 | 1 | 1 | 1 | 3 | 0 |
| Operating Profit | -1 | 4 | 2 | 1 | -0 | -0 | -3 | -0 | -1 | 0 | -2 | 0 |
| Interest | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -2 | 1 | -0 | -0 | -1 | -1 | -3 | -2 | -1 | -0 | -2 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Tax | -2 | 1 | -0 | -0 | -1 | -1 | -3 | -2 | -2 | -0 | -2 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -2 | 1 | -0 | -0 | -1 | -1 | -3 | -2 | -2 | -0 | -2 | 0 |
| Adjusted Earnings Per Share | -1.9 | 0.7 | -0.4 | -0.2 | -1 | -0.8 | -3.2 | -2.1 | -1.8 | -0.4 | -2.4 | -0.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -100% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -12% | 25% | 10% | -4% |
| ROE Average | -54% | -29% | -28% | -15% |
| ROCE Average | -39% | -20% | -18% | -8% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 13 | 14 | 14 | 13 | 12 | 12 | 9 | 7 | 6 | 5 | 3 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 |
| Total Current Liabilities | 30 | 16 | 19 | 11 | 9 | 10 | 8 | 4 | 4 | 4 | 3 |
| Total Liabilities | 43 | 31 | 32 | 24 | 23 | 22 | 18 | 12 | 10 | 9 | 6 |
| Fixed Assets | 10 | 9 | 8 | 8 | 9 | 9 | 8 | 7 | 5 | 5 | 4 |
| Other Non-Current Assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Total Current Assets | 32 | 20 | 22 | 14 | 12 | 12 | 7 | 3 | 2 | 2 | 0 |
| Total Assets | 43 | 31 | 32 | 24 | 23 | 22 | 18 | 12 | 10 | 9 | 6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 2 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 1 | -1 | 2 | 16 | 1 | -0 | 0 | 0 | -1 | -1 | -1 |
| Cash Flow from Investing Activities | -0 | 0 | -0 | -0 | -1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Cash Flow from Financing Activities | -0 | -1 | -1 | -15 | -2 | -0 | -0 | 0 | 0 | -0 | 1 |
| Net Cash Inflow / Outflow | 1 | -1 | 1 | 1 | -2 | -0 | 0 | 0 | -0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 2 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -1.89 | 0.68 | -0.44 | -0.22 | -1.03 | -0.79 | -3.19 | -2.05 | -1.78 | -0.4 | -2.38 |
| CEPS(Rs) | -1.01 | 1.42 | 0.2 | 0.36 | -0.65 | -0.5 | -2.9 | -0.76 | -0.82 | 0.09 | -2.07 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 14.28 | 15.06 | 14.68 | 14.5 | 13.48 | 12.96 | 9.86 | 7.81 | 6.03 | 5.62 | 3.25 |
| Core EBITDA Margin(%) | -60.41 | 12.14 | -20.58 | 2.24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT Margin(%) | -48.78 | 58.66 | 42.16 | 1.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre Tax Margin(%) | -58.2 | 12.25 | -12.61 | -6.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT Margin (%) | -58.2 | 12.25 | -12.61 | -6.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Profit Margin (%) | -31.15 | 25.57 | 5.57 | 10.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROA(%) | -5.69 | 1.7 | -1.3 | -0.72 | -4.05 | -3.27 | -14.74 | -12.82 | -15.16 | -3.87 | -28.72 |
| ROE(%) | -12.39 | 4.63 | -2.99 | -1.52 | -7.34 | -6.01 | -27.97 | -23.23 | -25.73 | -6.95 | -53.66 |
| ROCE(%) | -4.94 | 8.47 | 4.57 | 0.17 | -3.36 | -3.45 | -16.78 | -13.25 | -16.96 | -4.4 | -39.28 |
| Receivable days | 103.7 | 76.27 | 134.39 | 137.86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 486.93 | 326.08 | 564.57 | 500.87 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 47.52 | 82.22 | 108.45 | 137.54 | 0 | 0 | 26.72 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 39.71 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 1.79 | 0 | 0 | 0 | 0 | 1.84 | 1.68 | 1.78 | 1.92 | 3.48 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 12.08 | 7.72 | 7.8 | 4.88 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | -55.6 | 10.72 | 12.92 | 27.3 | -45.48 | -38.61 | -8.81 | -28.97 | -21.37 | 76.41 | -5.96 |
| Net Sales Growth(%) | -40.61 | 70.98 | -36.51 | -0.34 | -100 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT Growth(%) | -265.59 | 305.6 | -54.37 | -96.6 | -1652.02 | 5.87 | -326.39 | 42.25 | 15.53 | 78.26 | -622 |
| PAT Growth(%) | -355.5 | 135.99 | -165.37 | 50.13 | -363.27 | 22.64 | -301.92 | 35.7 | 13.26 | 77.27 | -487.89 |
| EPS Growth(%) | -355.51 | 135.99 | -165.37 | 50.14 | -363.35 | 22.64 | -301.91 | 35.7 | 13.26 | 77.27 | -487.87 |
| Debt/Equity(x) | 2.18 | 1.08 | 1.29 | 0.67 | 0.66 | 0.57 | 0.74 | 0.32 | 0.29 | 0.31 | 0.51 |
| Current Ratio(x) | 1.08 | 1.23 | 1.18 | 1.29 | 1.24 | 1.17 | 0.88 | 0.63 | 0.56 | 0.57 | 0.11 |
| Quick Ratio(x) | 0.95 | 0.92 | 0.91 | 0.93 | 0.83 | 0.78 | 0.88 | 0.63 | 0.56 | 0.57 | 0.11 |
| Interest Cover(x) | -5.18 | 1.26 | 0.77 | 0.19 | -3.5 | -44.32 | -3194.98 | 0 | -131.36 | -42.41 | -400.5 |
| Total Debt/Mcap(x) | 0 | 0.61 | 0 | 0 | 0 | 0 | 0.4 | 0.19 | 0.17 | 0.16 | 0.15 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.75 | 0.54 | 0.54 | 0.54 | 0.54 |
| Public | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.26 | 46.47 | 46.47 | 46.47 | 46.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.43 | 0.43 | 0.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 | 52.99 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.75 | 0.54 | 0.54 | 0.54 | 0.54 |
| Public | 47.01 | 47.01 | 47.01 | 47.01 | 47.01 | 47.01 | 47.01 | 47.01 | 47.01 | 47.01 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | — | — | -100% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -12% | +25% | +10% | -4% |
| ROE Average | -54% | -29% | -28% | -15% |
| ROCE Average | -39% | -20% | -18% | -8% |
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