Annual reportSep 2026
Sep 2026 · Updates 4 Sep - Submitted 15th Annual Report and AGM notice for FY2025-26 on September 4, 2026.
Source: Nse
Anya Polytech & Fertilizers Ltd. (ANYA)
SME CapIndustrials stocks · SME cap · NSE
Anya Polytech & Fertilizers, incorporated in 2011, is a diversified and integrated enterprise with strong presence in agri-imports, fertilizers, micronutrients, packaging solutions, certified seeds, cattle feed, renewable energy, and circular economy initiatives. Publicly listed in 2025, it operates through subsidiaries with manufacturing units in UP, Rajasthan, and MP.
₹17
-0.40 · -2.30%
Market cap ₹209 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals16 Oct 2026 · screener
Latest result05 Jun, 01:42 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
50NeutralSMA20 +15.7% / mo · MACD −
Stock trend: 50
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ANYAD candles · FIT view-2.9%Latest close ₹17.00 on 2026-10-19
Bar
-2.3%
RSI
50
MACD hist
-0.12
52W pos
28%
2026-10-19O ₹17.40H ₹17.40L ₹17.00C ₹17.00Vol 20,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ANYANifty India ManufacturingNifty 500
- ANYA
- +10.4%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +16.0 pp
Chart stats
19 Oct 2026- From 52W high
- -33.2%
- 52W range position
- 25%
- ATR (14)
- 4.8%
- Volume vs 20D
- 0.55x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹15 - ₹20.7
₹25.5
₹14.2 - ₹25.5
₹0.8
Latest completed session
20-session average
76.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST32
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral50
Price trend and sector-relative-strength timing.
Valuation
Legacy model+46.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence59
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹80 Cr | NDF | -18.4% |
| EBITDA | ₹5 Cr | NDF | -58.3% |
| Operating margin | 6.0% | NDF | -600 bps |
| PAT | ₹2 Cr | NDF | -66.7% |
| PAT margin | 2.5% | NDF | -362 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.90
- P/B
- 2.16
- EV/EBITDA
- 12.65
- Market Cap
- 209.00Cr
Profitability
- ROE
- 9.08%
- ROCE
- 10.20%
- ROA
- 4.33%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 13.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 21.00%
Balance Sheet
- Debt/Equity
- 0.85
- Interest Coverage
- 2.43×
- Altman Z
- 2.90
- Book Value
- 8.04
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 12.00 Cr
- EPS TTM
- 0.70
Shareholding
- Promoter Hold
- 65.40%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 32%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 176+29.4% vs prev
Net Profit
₹ CrLatest: 9.0+12.5% vs prev
Return on Equity
%Latest: 9.4+3.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 50. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~13.6% over last month) — short-term momentum positive.
- RSI(14) at 50 — sideways, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 30% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
39
RS percentile
Stage 1 Base / Transition
1M return
+11.5%
3M return
+8.3%
6M return
-2.9%
1Y return
-31.7%
RS 1D
-1
RS 20D
+30
Sector rank
#2
Industry rank
-
Stage evidence
- Price is within 1.0% of the 30-week proxy.
- The 30-week proxy changed -2.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price below
Sector
leading
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
230 observations
19 Oct 2026Value 74.95-1.29%
RS vs Nifty 50075
Valuation & peers
U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation10/30
Growth12/25
Quality1/20
Balance Sheet6/15
Cash Flow1/10
Piotroski
7/9 (+5)
Penalties
-3
Raw sum
32
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
32/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 46.0%.
- Growth contributes 12/25 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Quality is weaker at 1/20; verify the latest quarterly trend.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
24.9
PB
2.2
EV/EBITDA
12.7
ROE
9.1%
ROCE
10.2%
FCF Yield
—
Debt/Equity
0.8
MoS
+46.0%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
32
Previous: 32
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+46.0%
Previous: +46.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
31
31
32
32
32
32
32
32
32
32
32
32
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹11.25
-51.1% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹31.5
+46.0% MoS
PEG
1.54
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BALAJIPHOS
SME
Balaji Phosphates Ltd.
Fertilizers
match 91
38
27.2
11.4%
+31%
WATCHLIST
IPHL
SME
Indian Phosphate Ltd.
Fertilizers
match 90
71
9.2
13.8%
+78%
UNDERVALUED
AGROPHOS
Small
Agro Phos India Limited
Fertilizers
match 78
59
6.4
10.3%
+66%
FAIR VALUE
FACT
Large
Fertilizers and Chemicals Travancore Limited
Fertilizers
match 55
17
—
-2.9%
—
OVERVALUED
GSFC
Micro
Gujarat State Fertilizers & Chemicals Limited
Fertilizers
match 53
66
8.5
5.5%
+73%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-20T07:26:31.644Z
Management commentary snapshot
Anya Polytech & Fertilizers reported H1 FY26 consolidated total income of INR99.70 crores, EBITDA of INR13.39 crores, and net profit of INR6.14 crores. Management noted stable demand across segments but acknowledged margin pressure from product mix and significantly higher raw material costs, particularly sulfuric acid.
H1 FY26 results show revenue growth but significant margin compression due to a 250% increase in sulfuric acid costs. Management projects H2 FY26 EBITDA margins to recover to 17-19% and full-year revenue to exceed INR200 crores, surpassing IPO targets. The company is actively expanding capacity and product lines, and plans to become debt-free, but execution on margin recovery and new projects is key.
Current business mix
Revenue by Segment (H1 FY26)
Latest issuer-disclosed distribution across 2 reported categories.
Packaging Division32.1%
Fertilizer Division67.9%
Growth engines
Fertilizer Sector Expansion
Fertilizer sector is more attractive because new products are open in India and government is continuously encouraging local manufacturing.
Packaging Export Opportunities
US market is open for India... China is facing huge tariffs in US. So, our US market is open for India. We are now our product is cheaper in global market.
High-Margin Product Diversification
We are focusing on high margin products only... chelated salts of all the micronutrients... patented pesticides... jumbo bag and Leno bag.
Green Energy Initiatives
Yara Green Private Limited... solar infrastructure... biomass solution... pulp molding tableware... will add another INR50 crores to INR60 crores to company's turnover.
Capacity and execution
Polyfirm Packaging Integration
Successful integration of our wholly-owned subsidiary, Polyfirm Packaging Limited. The addition of this facility has strengthened our SDP, PPP manufacturing capabilities.
SSP Capacity Expansion
In fertilizer sector, we are already expanding our product portfolio capacity in Single Super Phosphate. This year we will achieve 30% more additional capacity and by next year, we will achieve 100% capacity.
Yara Green Biomass Unit
In this six months, we will establish the unit (biomass solution). Yara Green will come in production... from April onwards.
Solar Power Project
We have already started a pilot project of 700 kilowatt and company is utilizing that energy into self-captive use.
Tailwinds
Government Support for Local Manufacturing
Government is continuously encouraging local manufacturing because they don't want to import fertilizer.
US Market Opening for Packaging
US market is open for India... China is facing huge tariffs in US. So, our US market is open for India.
Startup India Benefits for Polyfirm
Polyform packaging... is in the Startup India scheme... 3 years of tax benefits... power cost is less... bypassing all the government tenders.
FCI Shift to BOPP Bags
FCI, Food Corporation of India is also shifting from jute bag to BOPP bags just because of price and quality.
Headwinds
High Raw Material Costs
Sulfuric acid prices have gone up drastically. So, they are increased by 250% in last six months because of global scenario.
Packaging Margin Limitation
There is a limitation in this sector because we cannot go beyond 10%-11% (EBITDA margin in packaging).
Risk radar
Raw Material Price Volatility
Sulfuric acid prices have gone up drastically... our purchase is slightly higher, because we take orders for six-month contract.
Competition in Packaging
Multiple regional players who operate at a lower price point.
Execution Risk for New Products/Projects
Those products will take time to make the market (high-margin fertilizers). Biomass pellets project will be completed in next 6 months and pulp molding will be completed in another 10 months.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
H1 results are presented, which are best compared year-over-year to account for potential seasonality in agri-inputs and packaging demand. The company also refers to 'previous year' for context on margins.
Sector KPIs management disclosed
Total Income (H1 FY26)
Consolidated total income of INR99.70 crores.
EBITDA (H1 FY26)
EBITDA of INR13.39 crores.
Net Profit (H1 FY26)
Net profit of INR6.14 crores.
EBITDA Margin (H1 FY26)
13.43%EBITDA margin this quarter, it is showing less because some of our raw material, our purchase was expensive in first quarter because of global scenarios like sulfuric acid.
Management forward view
FY26 Revenue Target
This year, consolidated, we will be above INR200 crores plus.
H2 FY26 Margin Outlook
EBITDA margin will touch around 17% to 19%.
Long-term Revenue Target (FY27)
By 2026-27, I am targeting INR350 crores.
Long-term EBITDA Target
EBITDA 18%-20%.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA Margin | 13.4% (H1 FY26) | Recovery to 17-19% in H2 FY26 as raw material costs normalize. |
| FY26 Revenue | INR99.70 crores (H1 FY26) | Exceeding INR200 crores for the full year. |
| SSP Capacity Expansion | 30% additional capacity this year | Achieving 100% additional capacity by next year. |
| Debt-Free Status | Planning an issue in January | Successful completion of the issue and debt reduction. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
59Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 25th percentile of the scored universe and 20th percentile within Industrials. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 1 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
25th percentile
overall median 67 · Industrials: 20th pctile, median 68 · SME: 27th pctile, median 64
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
58
watch · capital discipline
Results
45
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 65.4%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -3.8%.
- ▸OPM spread across recent quarters is 15%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Anya Polytech & Fertilizers Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Concall transcriptNov 2025
Nov 2025 · Transcript
Source: Nse
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.