Fertilizers · Founded 2011 · www.apfl.in · NSE · ISIN INE0SI601032
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1. Business Overview
Anya Polytech & Fertilizers Ltd. (ANYA) is an Indian company primarily engaged in the fertilizers sector. Its core business involves the manufacturing, marketing, and distribution of various types of fertilizers, crucial inputs for agricultural productivity. The company's business model revolves around sourcing raw materials (both domestic and imported), processing them into finished fertilizer products, and distributing them to farmers across India, either directly or through a network of dealers and retailers. Revenue is generated from the sale of these fertilizer products to the agricultural sector. The "Polytech" in its name may suggest potential diversification into related chemicals or polymer-based products, though its primary industry classification is Fertilizers.
2. Key Segments / Revenue Mix
Without specific company data, the typical revenue mix for a fertilizer company in India would include a range of products such as Urea (nitrogenous fertilizer), Diammonium Phosphate (DAP), and various grades of NPK (Nitrogen, Phosphorus, Potassium) complex fertilizers. Some companies also produce industrial chemicals as by-products or separate offerings. Specific segment contributions for Anya Polytech & Fertilizers Ltd. are not available.
3. Industry & Positioning
The Indian fertilizer industry is highly regulated, capital-intensive, and critical for national food security. It is characterized by government subsidies on certain fertilizers (like Urea and P&K fertilizers) to ensure affordability for farmers, and significant dependence on imported raw materials (e.g., natural gas for Urea, rock phosphate, potash). Competition comes from both domestic manufacturers and importers. Without specific market share or operational data, Anya's precise positioning (e.g., national leader, regional player, niche producer) cannot be determined. However, any player in this industry must navigate raw material price volatility, government policy changes, and logistics challenges to maintain competitiveness.
4. Competitive Advantage (Moat)
In the commodity-driven fertilizer industry, sustainable competitive advantages are challenging to build but can include:
Scale and Integrated Operations: Larger players often achieve cost efficiencies through scale and integration across the value chain (e.g., captive power, efficient raw material sourcing).
Strong Distribution Network: An extensive and efficient distribution network, especially in rural areas, can ensure product availability and market penetration.
Technological Expertise: Efficient manufacturing processes and the ability to produce a diversified product portfolio.
Proximity to Markets/Raw Materials: Strategic plant locations can reduce logistics costs.
It is unclear from the given information whether Anya Polytech & Fertilizers Ltd. possesses any of these advantages in a significant and durable manner.
5. Growth Drivers
Key factors that can drive growth for Anya Polytech & Fertilizers Ltd. over the next 3-5 years include:
Rising Food Demand: India's growing population will continue to drive demand for food, and consequently, for agricultural inputs like fertilizers.
Government Initiatives: Continued government support for agriculture through schemes, subsidies, and credit facilities can stimulate fertilizer consumption.
Increased Cropping Intensity: Efforts to improve agricultural productivity and increase cropping intensity will boost demand.
Product Innovation: Development and marketing of specialized, efficiency-enhancing, or region-specific fertilizers.
Expansion/Modernization: Capacity expansion or modernization of existing facilities to improve efficiency and output.
6. Risks
Anya Polytech & Fertilizers Ltd. faces several risks inherent to the industry:
Regulatory & Subsidy Risk: Changes in government subsidy policies, pricing controls, or environmental regulations can significantly impact profitability and operational viability.
Raw Material Price Volatility: Fluctuations in global prices of key inputs like natural gas, rock phosphate, ammonia, and potash directly affect production costs.
Monsoon Dependence: Agricultural output and fertilizer demand are highly dependent on the quality and timing of the monsoon season in India.
Currency Fluctuations: Dependence on imported raw materials exposes the company to foreign exchange rate volatility.
Environmental Concerns: Increasingly stringent environmental norms regarding emissions and waste disposal may lead to higher compliance costs.
Competition: Intense competition from domestic and international players can put pressure on margins.
7. Management & Ownership
No specific information on the promoters, management team, or ownership structure of Anya Polytech & Fertilizers Ltd. is provided. In India, many companies, especially in core sectors, are promoter-led, meaning a founding family or group holds a significant stake and plays a key role in management and strategic decision-making. The quality of management would typically be assessed based on their strategic vision, execution capabilities, capital allocation decisions, and governance practices.
8. Outlook
Anya Polytech & Fertilizers Ltd. operates in a crucial sector for India's economy, with inherent demand driven by population growth and the need for food security. Government support for the agricultural sector provides a baseline for demand. However, the industry is highly susceptible to policy changes, raw material price volatility, and environmental regulations. Success will depend on the company's ability to manage input costs, maintain an efficient distribution network, adapt to evolving government policies, and potentially diversify its product portfolio or improve operational efficiencies. The balance between essential demand and external dependencies defines the medium-term outlook for the company.
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| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|
| Net Sales | 92 | 116 | 123 | |
| Other Income | 0 | 0 | 2 | |
| Total Income | 92 | 116 | 125 | |
| Total Expenditure | 87 | 104 | 106 | |
| Operating Profit | 5 | 12 | 19 | |
| Interest | 2 | 2 | 4 | |
| Depreciation | 3 | 3 | 3 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | |
| Profit Before Tax | 1 | 6 | 12 | |
| Provision for Tax | -0 | 0 | 2 | |
| Profit After Tax | 1 | 6 | 10 | |
| Adjustments | 0 | -1 | -0 | |
| Profit After Adjustments | 1 | 5 | 10 | |
| Adjusted Earnings Per Share | 0.2 | 1.5 | 3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 6% | 0% | 0% | 0% |
| Operating Profit CAGR | 58% | 0% | 0% | 0% |
| PAT CAGR | 67% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -33% | NA% | NA% | NA% |
| ROE Average | 31% | 19% | 19% | 19% |
| ROCE Average | 19% | 12% | 12% | 12% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Shareholder's Funds | 22 | 27 | 40 |
| Minority's Interest | 0 | 2 | 2 |
| Borrowings | 14 | 34 | 19 |
| Other Non-Current Liabilities | 0 | 0 | -0 |
| Total Current Liabilities | 24 | 32 | 49 |
| Total Liabilities | 60 | 96 | 110 |
| Fixed Assets | 18 | 33 | 40 |
| Other Non-Current Assets | 6 | 15 | 8 |
| Total Current Assets | 37 | 48 | 62 |
| Total Assets | 60 | 96 | 110 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 1 |
| Cash Flow from Operating Activities | -6 | 3 | 2 |
| Cash Flow from Investing Activities | -9 | -28 | 1 |
| Cash Flow from Financing Activities | 15 | 25 | -2 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 1 |
| # | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Earnings Per Share (Rs) | 0.22 | 1.47 | 2.99 |
| CEPS(Rs) | 1.11 | 2.84 | 4.06 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 7 | 8.54 | 11.63 |
| Core EBITDA Margin(%) | 5.34 | 9.64 | 13.89 |
| EBIT Margin(%) | 2.38 | 7.12 | 12.77 |
| Pre Tax Margin(%) | 0.59 | 5.22 | 9.64 |
| PAT Margin (%) | 0.76 | 4.94 | 8.08 |
| Cash Profit Margin (%) | 3.87 | 7.87 | 10.53 |
| ROA(%) | 1.17 | 7.31 | 9.67 |
| ROE(%) | 3.13 | 22.93 | 30.91 |
| ROCE(%) | 4.47 | 12.9 | 19.1 |
| Receivable days | 26.11 | 30.52 | 44.49 |
| Inventory Days | 50.25 | 51.97 | 72.27 |
| Payable days | 46.33 | 48.02 | 58.17 |
| PER(x) | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.63 | 0.71 | 0.53 |
| EV/Core EBITDA(x) | 11.5 | 7.08 | 3.47 |
| Net Sales Growth(%) | 0 | 25.81 | 6.81 |
| EBIT Growth(%) | 0 | 275.6 | 91.61 |
| PAT Growth(%) | 0 | 712.2 | 74.94 |
| EPS Growth(%) | 0 | 571.17 | 103.17 |
| Debt/Equity(x) | 1.19 | 1.87 | 1.32 |
| Current Ratio(x) | 1.55 | 1.48 | 1.26 |
| Quick Ratio(x) | 1.01 | 0.85 | 0.68 |
| Interest Cover(x) | 1.33 | 3.76 | 4.09 |
| Total Debt/Mcap(x) | 0 | 0 | 0 |
| # | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoter | 65.4 | 65.4 | 65.4 | 65.4 | 65.4 | 65.4 |
| FII | 6.18 | 4.71 | 2.58 | 2.22 | 2.1 | 2.31 |
| DII | 6.13 | 4.03 | 3.41 | 3.4 | 3.36 | 3.36 |
| Public | 22.29 | 25.86 | 28.61 | 28.98 | 29.14 | 28.93 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoter | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 |
| FII | 0.74 | 0.57 | 0.31 | 0.27 | 0.25 | 0.28 |
| DII | 0.74 | 0.48 | 0.41 | 0.41 | 0.4 | 0.4 |
| Public | 2.67 | 3.1 | 3.43 | 3.48 | 3.5 | 3.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 12 | 12 |
| # | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoter | 65.4 | 65.4 | 65.4 | 65.4 | 65.4 | 65.4 |
| FII | 6.18 | 4.71 | 2.58 | 2.22 | 2.1 | 2.31 |
| DII | 6.13 | 4.03 | 3.41 | 3.4 | 3.36 | 3.36 |
| Public | 34.6 | 34.6 | 34.6 | 34.6 | 34.6 | 34.6 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoter | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 |
| FII | 0.74 | 0.57 | 0.31 | 0.27 | 0.25 | 0.28 |
| DII | 0.74 | 0.48 | 0.41 | 0.41 | 0.4 | 0.4 |
| Public | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 12 | 12 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +6% | — | — | — |
| Operating Profit CAGR | +58% | — | — | — |
| PAT CAGR | +67% | — | — | — |
| Share Price CAGR | -33% | — | — | — |
| ROE Average | +31% | +19% | +19% | +19% |
| ROCE Average | +19% | +12% | +12% | +12% |
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