Revenue and Profit Growth
Over the six-year period ending March 2025, ANI Integrated’s net sales have shown a robust upward trend, rising from ₹108.97 crores in 2020 to ₹227.46 crores in 2025. This represents a compound growth trajectory, with particularly strong jumps in recent years, such as the increase from ₹187.50 crores in 2024 to ₹227.46 crores in 2025. The company’s total operating income mirrors this growth, as other operating income remained negligible throughout the period.
Profitability has also improved significantly. The consolidated net profit turned positive after a loss in 2020, reaching ₹9.00 crores in 2025 from a negative ₹3.44 crores in 2020. Earnings per share (EPS) followed a similar pattern, climbing from a negative ₹3.55 in 2020 to ₹8.7 in 2025. Operating profit margins, excluding other income, improved from a negative margin in 2020 to 6.17% in 2025, reflecting enhanced operational efficiency and cost management.
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Cost Structure and Margins
The company’s expenditure profile reveals that employee costs constitute the largest expense, rising from ₹94.43 crores in 2020 to ₹180.17 crores in 2025. Raw material costs have remained relatively low and stable, indicating a possible focus on labour-intensive operations or efficient procurement. Other expenses have also increased steadily, from ₹14.54 crores in 2020 to ₹22.77 crores in 2025.
Despite rising costs, ANI Integrated has managed to improve its operating profit before depreciation, interest, and tax (PBDIT) from a loss in 2020 to ₹14.44 crores in 2025. Interest expenses have increased moderately but remain manageable relative to earnings. The company’s profit before tax (PBT) and profit after tax (PAT) have both shown consistent improvement, underscoring a strengthening bottom line.
Balance Sheet and Financial Position
ANI Integrated’s balance sheet reflects a growing asset base, with total assets increasing from ₹57.31 crores in 2020 to ₹123.80 crores in 2025. Shareholders’ funds have expanded significantly, rising from ₹34.55 crores to ₹70.56 crores over the same period, supported by increasing reserves. The book value per share has improved from ₹35.66 in 2020 to ₹64.93 in 2025, indicating enhanced net worth per share.
Debt levels have risen, with total debt increasing from ₹3.18 crores in 2020 to ₹21.43 crores in 2025. However, the company’s ability to generate higher profits and maintain positive cash flows suggests that this leverage is being managed prudently. Current liabilities have also increased, reflecting the company’s expanding scale of operations.
Cash Flow Trends
Cash flow from operating activities has been somewhat volatile, with negative cash flows recorded in 2024 and 2025, indicating working capital pressures or timing differences in collections and payments. Nevertheless, net cash inflow was positive in 2025, supported by financing activities. Cash and cash equivalents have increased modestly, providing a buffer for operational needs.
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Summary and Outlook
ANI Integrated’s historical performance over the past six years reveals a company on a growth path, with substantial increases in revenue and profitability. The firm has successfully transitioned from losses to consistent profits, improving key financial ratios and shareholder value. While rising costs and debt levels warrant monitoring, the overall financial health appears sound, supported by expanding reserves and net worth.
Investors should note the company’s improving operating margins and earnings per share, which reflect operational improvements and market acceptance. The cash flow dynamics suggest some working capital challenges, but these have been offset by financing inflows and a steady increase in cash reserves. As ANI Integrated continues to scale, its financial trajectory suggests potential for sustained growth, albeit with the need for prudent management of liabilities and expenses.
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