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Antarctica Overview

1. Business Overview

Antarctica Ltd. is an Indian company operating in the Agriculture sector. Based on its sector and industry, the company is likely involved in various aspects of the agricultural value chain. This could include the manufacturing and distribution of agricultural inputs such as seeds, fertilizers, pesticides, and animal feed. Alternatively, it might be engaged in the procurement, processing, and distribution of agricultural produce (e.g., grains, fruits, vegetables, dairy), or providing agricultural services like farm mechanization or contract farming. The company primarily makes money through the sale of its agricultural products, processed goods, or services to farmers, distributors, or end consumers.

2. Key Segments / Revenue Mix

Specific segment breakdowns are not available for Antarctica Ltd. However, typical segments for a diversified agriculture company in India might include Crop Protection (pesticides, herbicides), Seeds (hybrid, GM seeds), Nutrients (fertilizers, micronutrients), Animal Health & Nutrition, and Food Processing. Without specific data, the exact contribution from these potential segments cannot be determined.

3. Industry & Positioning

The Indian agriculture industry is one of the largest globally, characterized by its dependence on monsoons, fragmented landholdings, and a vast number of small and marginal farmers. It is subject to significant government intervention through policies on subsidies, minimum support prices (MSP), and export/import regulations. The industry is competitive, with a mix of large multinational corporations, established domestic players, and numerous regional unorganized entities. Antarctica Ltd.'s positioning within this landscape would depend on its specific product portfolio, geographic reach, and market share in its chosen sub-segments, competing against both organized and unorganized players.

4. Competitive Advantage (Moat)

Without specific company details, potential competitive advantages for Antarctica Ltd. in the Indian agriculture sector could include:

Strong Distribution Network: An extensive reach into rural areas, essential for agricultural inputs and produce collection.

Brand Reputation: Trust among farmers for quality and reliability of seeds, fertilizers, or processed foods.

R&D Capabilities: Development of improved crop varieties, efficient agricultural practices, or innovative processing technologies.

Scale: Large-scale procurement, processing, or manufacturing can lead to cost efficiencies.

Government Relations/Licenses: Navigating complex regulatory frameworks and obtaining necessary approvals.

5. Growth Drivers

Key factors that could drive growth for Antarctica Ltd. over the next 3-5 years include:

Growing Food Demand: India's rising population and increasing disposable incomes will continue to fuel demand for agricultural products.

Government Initiatives: Policies promoting agricultural growth, farmer income, irrigation, and food processing (e.g., FPO formation, PM-KISAN, Agri-infra fund).

Technological Adoption: Increasing mechanization, adoption of hybrid seeds, precision farming, and digital solutions among farmers.

Value Addition & Processing: Shift towards processed and value-added agricultural products, reducing post-harvest losses and fetching better prices.

Export Opportunities: Leveraging India's diverse agricultural produce to cater to international markets.

6. Risks

Antarctica Ltd. faces several inherent risks associated with the agriculture sector:

Monsoon Dependence & Climate Change: Vulnerability to erratic rainfall patterns, droughts, and floods, directly impacting crop yields and farmer incomes.

Commodity Price Volatility: Fluctuations in global and domestic prices of agricultural produce and inputs can impact revenues and profitability.

Government Policy Changes: Unfavorable changes in subsidies, export/import policies, MSP, or land reforms can significantly affect operations.

Pest and Disease Outbreaks: Can lead to crop failures and increased costs for farmers, impacting demand for inputs.

Supply Chain Disruptions: Issues with logistics, storage, and transportation of perishable goods.

Competition: Intense competition from both organized and unorganized players, potentially leading to pricing pressures.

7. Management & Ownership

No specific information regarding the promoters, management quality, or ownership structure of Antarctica Ltd. is available. Typically, many Indian companies have a significant promoter holding, with strategic decisions often influenced by the founding family or core group.

8. Outlook

Antarctica Ltd. operates in a foundational and growing sector of the Indian economy. The long-term outlook for agriculture in India remains positive, driven by population growth, urbanization, and government focus on food security and farmer welfare. The company stands to benefit from increasing demand for both raw agricultural produce and value-added processed foods, alongside the gradual modernization of farming practices. However, it must navigate significant inherent risks such as climate variability, commodity price fluctuations, and evolving regulatory landscapes. Success will depend on its ability to build strong supply chain efficiencies, innovate in products and services, and effectively manage relationships across the agricultural ecosystem.

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Antarctica Key Financials

Market Cap ₹13 Cr.

Stock P/E -41.2

P/B 0.8

Current Price ₹0.9

Book Value ₹ 1.1

Face Value 1

52W High ₹1.6

Dividend Yield 0%

52W Low ₹ 0.6

Antarctica Share Price

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Volume
Price

Antarctica Quarterly Price

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Antarctica Peer Comparison

Antarctica Quarterly Results

#(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 18 7 5 5 22
Other Income 0 0 0 0 0 0 0 0 0 1
Total Income 0 0 0 0 0 18 7 5 5 23
Total Expenditure 0 0 0 0 1 17 5 4 4 22
Operating Profit -0 -0 -0 -0 -0 1 2 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 1 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 -0 -0 -0 1 1 1 1 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 -0 1 1 1 0 0
Adjustments 0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments -0 -0 -0 -0 -0 1 1 1 0 0
Adjusted Earnings Per Share -0 -0 -0 -0 -0 0 0 0 0 0

Antarctica Profit & Loss

#(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 2 3 2 2 2 1 1 1 1 1 25 39
Other Income 0 0 0 0 0 0 0 0 0 0 0 1
Total Income 2 3 2 2 2 1 1 1 1 1 25 40
Total Expenditure 2 3 2 2 2 1 1 1 1 1 24 35
Operating Profit 0 0 0 0 -0 0 0 0 0 -0 1 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 0 0 0 0 0 0 0 0 0 1 1
Exceptional Income / Expenses -0 -0 0 -0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 0 0 -0 0 0 0 -0 -0 -0 3
Provision for Tax 0 -0 -0 0 0 0 0 -0 0 0 0 0
Profit After Tax -0 0 0 0 -0 0 0 0 -0 -0 -0 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 0 0 0 -0 0 0 0 -0 -0 -0 2
Adjusted Earnings Per Share -0 0 0 0 -0 0 0 0 -0 -0 -0 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2400% 192% 90% 29%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 10% 14% 1%
ROE Average -2% -2% -1% -0%
ROCE Average -2% -1% -1% -0%

Antarctica Balance Sheet

#(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 16 17 17 17 17 17 17 17 17 16 16
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 2 2 2 3 3 3 3 3 3 5
Other Non-Current Liabilities 0 0 0 0 0 0 -0 -0 -0 -0 -0
Total Current Liabilities 1 1 1 1 1 0 0 0 0 0 29
Total Liabilities 18 19 19 20 20 20 20 20 20 19 51
Fixed Assets 10 10 10 10 10 10 10 9 9 9 8
Other Non-Current Assets 1 1 1 1 1 1 1 1 1 0 5
Total Current Assets 7 8 8 9 9 9 10 10 10 10 38
Total Assets 18 19 19 20 20 20 20 20 20 19 51

Antarctica Cash Flow

#(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 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 0 -0 0 -1 -0 -0 -0 -0 -0 0 -2
Cash Flow from Investing Activities -0 -0 -0 -0 -0 -0 0 0 -0 0 -0
Cash Flow from Financing Activities -0 0 -0 1 0 0 0 -0 0 -0 2
Net Cash Inflow / Outflow 0 -0 0 -0 -0 0 0 -0 0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Antarctica Ratios

# 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) -0.02 0.01 0 0.01 -0.01 0 0 0 -0 -0.03 -0.02
CEPS(Rs) 0.02 0.02 0.01 0.02 -0 0.01 0.01 0.01 0.01 -0.02 0.05
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0.8 0.81 0.81 0.83 0.82 0.82 0.82 0.82 0.82 1.05 1.03
Core EBITDA Margin(%) 12.22 11.65 8.24 15.16 -0.34 12.26 -1.87 10.88 0.83 -40.52 3.27
EBIT Margin(%) -9.19 6.03 2.54 9.64 -7.66 3.62 2.02 1.42 -0.66 -50.78 -1.28
Pre Tax Margin(%) -9.57 5.72 2.35 9.44 -8.06 3.2 1.66 1.19 -0.74 -51.2 -1.29
PAT Margin (%) -9.57 6.19 2.89 9.18 -8.74 2.8 1.58 1.46 -0.74 -51.2 -1.29
Cash Profit Margin (%) 11.49 11.91 8.77 15.6 -1.33 11.63 12.27 12.51 16.59 -36.67 3.28
ROA(%) -1.27 0.96 0.36 1.07 -0.69 0.18 0.08 0.08 -0.03 -2.18 -0.92
ROE(%) -1.88 1.44 0.54 1.63 -1.08 0.29 0.13 0.12 -0.04 -2.96 -2
ROCE(%) -1.63 1.25 0.42 1.48 -0.79 0.31 0.14 0.09 -0.03 -2.44 -1.59
Receivable days 601.51 513.43 685.54 765.91 1167.08 1379.6 1679.13 1760.4 2610.76 2060.21 280.35
Inventory Days 439.82 410.59 533.74 592.63 915.89 1143.78 1464.81 1569.69 2525.34 2118.4 62.22
Payable days 83.97 53.9 52.56 61.4 126.92 255.16 149.44 120.04 237.13 95.19 119.43
PER(x) 0 64.66 295.45 67.27 0 208.33 500 1400 0 0 0
Price/Book(x) 0.13 0.93 1.6 1.09 0.61 0.61 0.67 1.7 0.67 1.52 0.98
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.01 4.52 9.23 7.1 6.44 7.84 10.47 23.55 16.5 32.57 0.83
EV/Core EBITDA(x) 8.29 37.9 109.54 44.13 -2587.51 62.97 82.35 188.84 99.03 -89.84 25.12
Net Sales Growth(%) -24.1 18.04 -19.18 -3.29 -30.55 -16.02 -18.31 -4.14 -34.41 23.99 2884.3
EBIT Growth(%) -203.23 177.49 -65.97 266.85 -155.21 139.66 -54.31 -32.57 -130.61 -9371.11 24.89
PAT Growth(%) -211.16 176.43 -62.3 207.17 -166.15 126.89 -53.93 -11.18 -133.11 -8494 24.76
EPS Growth(%) -211.03 176.82 -62.07 204.08 -166.52 126.97 -54.17 -9.09 -130 -9133.33 24.55
Debt/Equity(x) 0.1 0.14 0.13 0.18 0.2 0.22 0.23 0.23 0.24 0.18 0.32
Current Ratio(x) 9.99 13.06 12.92 13.02 15.26 19.92 24.68 30.44 33.49 55.13 1.28
Quick Ratio(x) 5.72 7.52 7.47 7.48 8.63 10.91 13.36 16.49 17.14 28.34 1.15
Interest Cover(x) -24.74 19.47 13.29 46.68 -19.56 8.58 5.59 6.13 -9 -121.77 -100.03
Total Debt/Mcap(x) 0.84 0.15 0.08 0.17 0.33 0.36 0.35 0.13 0.36 0.12 0.33

Antarctica Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Dec 2025 Mar 2026
Promoter 14.56 14.54 11.05 2.02 0.96 0.96 0.96 0.96 0.96 0.96
FII 0 0 0 0 0 0 0 0 0 0
DII 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7
Public 84.74 84.76 88.25 97.28 98.34 98.34 98.34 98.34 98.34 98.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Antarctica News

Antarctica Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0.96%.
  • Company has a low return on equity of -2% over the last 3 years.
  • Debtor days have increased from 95.19 to 119.43days.
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