Antarctica Limited is a very small Indian listed company. Its share has traded below ₹1 in the past, which is why some investors search for an Antarctica Ltd share price target. But a low price per share does not automatically mean a stock is cheap. Investors need to understand the company’s real business, profit, cash flow, debt, shareholding and trading liquidity.
There is also an important business update. Antarctica’s current company website says that its operations for FY2025–26 were in agriculture and agri-allied trading. It says the company does not carry on manufacturing and has no subsidiary, joint venture or associate company. Printing, packaging, real estate, IT and textiles appear in its Memorandum of Association as authorised business objects, but the company says these are not its current activities.
This guide reviews the latest available company information as at 31 October 2026. It explains FY2025–26 audited results, Q1 FY2026–27 results, the company’s current business, audit qualifications and key risks. It does not invent a 2027 or 2030 price target where the available information does not support one.
Key Takeaways
- Antarctica Limited is listed on the NSE under the symbol ANTGRAPHIC. Its current investor page says its equity shares are listed on NSE only.
- The company says its current activity is agriculture and agri-allied trading, not manufacturing.
- FY2025–26 audited revenue from operations was ₹62.91 crore and profit after tax was ₹1.28 crore.
- Q1 FY2026–27 revenue from operations was ₹40.41 crore, but profit after tax was only ₹0.55 crore. The result was standalone and unaudited.
- FY2025–26 cash flow from operating activities was negative ₹4.08 crore, even though the company reported a small annual profit.
- Promoter shareholding was 0.96% and public shareholding was 99.04% as at 30 June 2026, according to the company’s investor page.
- The company disclosed audit qualifications about unsecured loan documentation, physical inventory verification and its fixed-asset register.
- A low share price is not a reason to assume the stock is undervalued. A reliable future price target needs stronger evidence about sustainable earnings, cash flow and liquidity.
Antarctica Ltd Share and Company Details
Antarctica Limited is a public company incorporated in 1991. Its registered office is in Kolkata, West Bengal, and its corporate office is in Ahmedabad, Gujarat. The company identifies its NSE symbol as ANTGRAPHIC.
| Company detail | Information |
|---|---|
| Company | Antarctica Limited |
| NSE symbol | ANTGRAPHIC |
| ISIN | INE414B01021 |
| Face value | ₹1 per share |
| Paid-up equity capital | ₹15.50 crore (15.50 crore shares of ₹1 each) |
| Promoter holding | 0.96% as at 30 June 2026 |
| Public holding | 99.04% as at 30 June 2026 |
| Registrar and share transfer agent | Maheshwari Datamatics Private Limited |
| Current exchange listing stated by company | NSE only |
| Latest quarterly result reviewed | Q1 FY2026–27, quarter ended 30 June 2026 |
Share prices change every trading day. This article does not display an old quote as a live price. Check the NSE quote or your broker’s app for the latest traded price, volume and trading status before making any decision.
What Does Antarctica Limited Actually Do?
The company’s current business page says that its operations in FY2025–26 were in agriculture and agri-allied trading. This means the company is involved in buying and selling agricultural and related products. It may deal in products such as seeds, plants, fruits, vegetables and other farm or agro-food products, depending on its actual transactions and customer orders.
The distinction between trading and manufacturing is important. A manufacturer buys raw materials, processes them and sells finished goods. A trading business generally buys products from suppliers and sells them to customers. Trading can produce high revenue because the full value of goods sold is recorded as sales, but the profit margin may be much smaller than the sales figure suggests.
Antarctica’s Q1 FY27 result illustrates this point. Revenue from operations was ₹40.41 crore, while the purchase of stock-in-trade was ₹39.81 crore. After other expenses, profit before tax was about ₹0.59 crore and profit after tax was about ₹0.55 crore. High turnover therefore did not mean that the company retained a large amount of profit.
Does Antarctica Still Manufacture Printing and Packaging Products?
Older company descriptions and market websites may describe Antarctica as a printing or packaging manufacturer. The current company business page makes a clear distinction between its authorised business objects and its present operations.
The Memorandum of Association authorises several possible activities, including:
- Printing, packaging and related print work.
- Printing materials, inks and machinery.
- Real estate and construction.
- Agriculture and agro-products.
- Information technology and software services.
- Textiles and related products.
- Finance and investments, subject to applicable law.
However, the company specifically says that only agriculture and agri-allied trading is its current operating activity for FY2025–26. It also says that it does not carry on manufacturing and has no subsidiary, joint venture or associate company. The other objects in its constitution should not be described as current businesses unless a later company filing confirms that operations have actually started.
This is an important correction for readers. A company can have permission in its Memorandum of Association to enter a business without currently operating in that sector. An authorised object is not the same as a completed factory, an active contract or revenue from that business.
Antarctica Limited FY2025–26 Audited Financial Results
The company’s board approved its audited standalone results for the financial year ended 31 March 2026 on 26 June 2026. The financial statements show a large increase in sales compared with FY2024–25, but the company still reported only a small profit relative to revenue.
| Standalone financial measure | FY2025–26 | FY2024–25 |
|---|---|---|
| Revenue from operations | ₹62.91 crore | ₹25.05 crore |
| Other income | ₹0.81 crore | ₹0.01 crore |
| Total revenue | ₹63.72 crore | ₹25.05 crore |
| Total expenses | ₹62.16 crore | ₹25.38 crore |
| Profit before tax | ₹1.55 crore | Loss of ₹0.32 crore |
| Profit after tax | ₹1.28 crore | Loss of ₹0.32 crore |
| Basic earnings per share | ₹0.08 | Loss of about ₹0.02 |
Revenue from operations increased from ₹25.05 crore to ₹62.91 crore. This is a large percentage increase, but the profit amount remained small compared with the sales value. A company can report higher sales while keeping only a small margin if most of its revenue is used to buy the goods it sells.
For investors, the next question is whether the company can keep the business profitable after paying for stock purchases, employee costs, transport, other expenses and financing. Sales growth alone is not enough to assess the quality of earnings.
Q1 FY2026–27 Results: Latest Quarterly Numbers
Antarctica’s board approved unaudited standalone financial results for the quarter ended 30 June 2026 on 14 August 2026. The report states that the company had no subsidiaries, joint ventures or associates and therefore did not prepare consolidated results.
| Standalone measure | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Revenue from operations | ₹40.41 crore | ₹4.99 crore |
| Other income | Nil | Nil |
| Total expenses | ₹39.82 crore | ₹4.24 crore |
| Profit before tax | ₹0.59 crore | ₹0.74 crore |
| Profit after tax | ₹0.55 crore | ₹0.69 crore |
| Basic earnings per share | ₹0.04 | ₹0.04 |
Revenue was much higher than the same quarter a year earlier. However, profit after tax was lower, moving from ₹69.30 lakh to ₹55.06 lakh. This is an example of why investors should look at both the sales number and the amount of profit left after expenses.
In Q1 FY27, the company reported purchases of stock-in-trade of ₹39.81 crore. This was the largest expense line in the quarter. The figure is consistent with a trading business: most of the money received from customers is used to buy the goods being sold. The remaining margin must cover staff and other expenses, taxes and any future investment.
All Q1 figures above are converted from rupees in lakhs to rupees in crore. ₹100 lakh equals ₹1 crore. The results were standalone and unaudited, so they should not be presented as consolidated or audited figures.
Why Revenue Growth Does Not Automatically Mean a Strong Business
Revenue tells us how much a company sold. Profit tells us how much remained after the costs recorded in the accounts. Cash flow tells us whether the company actually received cash and paid its bills. All three are important, especially for a small trading business.
For example, a company may sell ₹100 crore of products but spend ₹98 crore to buy those products. It may then have only ₹2 crore before paying staff, transport, office expenses, tax and financing. A business with ₹20 crore of sales and a higher margin may earn more profit than a business with ₹100 crore of sales and a very low margin.
For Antarctica, the Q1 FY27 result shows revenue of ₹40.41 crore and PAT of ₹0.55 crore. This means the net profit margin was only about 1.36%. The calculation is ₹0.55 crore of profit divided by ₹40.41 crore of revenue. This is a small margin, so even a modest increase in purchase prices or operating costs could affect profit.
Investors should also check whether customer payments arrive on time. A business can report profit but still use cash if money is tied up in receivables or inventory. This is especially important when the company has limited cash available at the balance-sheet date.
Cash Flow, Debt and Balance-Sheet Risks
The FY2025–26 audited standalone balance sheet showed total assets of about ₹54.69 crore and borrowings of about ₹9.23 crore. Cash and cash equivalents were around ₹8.66 lakh, or about ₹0.09 crore, at 31 March 2026. The company also reported trade receivables of about ₹24.59 crore.
Cash flow from operating activities for FY2025–26 was negative by about ₹4.08 crore. This means the business used cash in its operating activities during the year, even though it reported a profit after tax of ₹1.28 crore. The difference can arise from changes in working capital, such as receivables, inventory and amounts owed to suppliers.
Negative operating cash flow does not automatically mean a company is failing, especially when working-capital balances change. But it is a warning that investors should understand. A small company needs enough cash to buy inventory, pay suppliers and meet other obligations.
| FY2025–26 balance-sheet or cash-flow item | Reported amount |
|---|---|
| Total assets | ₹54.69 crore |
| Net worth | ₹17.24 crore |
| Borrowings (non-current) | ₹9.23 crore |
| Trade receivables | ₹24.59 crore |
| Cash and cash equivalents | About ₹0.09 crore |
| Cash flow from operating activities | Negative ₹4.08 crore |
These are standalone figures from the audited FY2025–26 financial statements. They are dated 31 March 2026 and may have changed in later periods. Check the next filings for new borrowing, cash, receivables and operating cash flow.
Audit Qualifications: Items Investors Should Read Carefully
The FY2025–26 results package included an audit qualifications section and management responses. These points deserve attention because they relate to the supporting records behind the financial statements.
- Unsecured loan documentation: The auditor noted that formal loan agreements for certain unsecured loans were not made available. Management said the loans were received based on mutual understanding and that no interest had been agreed. It said it would improve supporting documentation.
- Inventory verification: The auditor was unable to independently verify physical inventory at the reporting date. Management said it had carried out physical verification and maintained its own records, but the auditor could not independently confirm the quantities and values.
- Fixed-assets register: The company acknowledged that it did not maintain a comprehensive fixed-assets register with all required details. Management said it had supporting invoices and accounting records and had started steps to create a more complete register.
- Deferred tax: Management explained why it had not recognised a material deferred tax asset or liability in the financial statements.
These matters do not by themselves prove fraud or mean that every figure is incorrect. They do show that investors should read the auditor’s report, qualifications and management responses rather than relying only on headline revenue and profit.
When evaluating a small company, clear records of loans, inventory and fixed assets are important. These records help shareholders understand what the company owns, what it owes and whether the reported financial position can be checked independently.
Shareholding Structure and Trading Risk
Antarctica’s investor-relations page showed promoter holding of 0.96% and public shareholding of 99.04% as at 30 June 2026. The company reported paid-up capital of ₹15.50 crore, divided into 15.50 crore shares with a face value of ₹1 each.
Promoter holding below 1% is unusual and is a point investors should investigate. It does not automatically prove poor governance or that a company is unsafe. However, investors may want to understand who controls the company, how the board is accountable, whether major shareholders have changed and whether related-party transactions are properly disclosed.
Small listed companies can also have low liquidity. Liquidity means how easily shares can be bought or sold without moving the price by a large amount. A stock may show a price on a screen, but a buyer may not be available for a large sell order at that price. Check daily traded volume, bid and ask depth, price bands and exchange surveillance measures.
The company’s current investor page says the equity shares are listed on NSE only. Older websites may show an old BSE code or historic prices. Do not assume an old BSE listing or a historical price is current. Use the exchange details and latest filing from the company’s investor page.
Why a Sub-₹1 Share Is Not Automatically Cheap
A share price below ₹1 can attract attention because it looks affordable. But the price per share alone does not tell us whether a company is cheap. The number of shares, total market value, debt, cash, profit and future business prospects all matter.
Imagine two companies. Company A has 10 crore shares at ₹100 each, giving a market value of ₹1,000 crore. Company B has 1,000 crore shares at ₹1 each, also giving a market value of ₹1,000 crore. Although Company B’s share price is much lower, the two companies have the same market value in this simple example.
For this reason, investors should compare market capitalisation and earnings instead of assuming that a ₹0.50 share can easily rise to ₹5 or ₹10. A large percentage rise is possible in a low-priced stock, but a large fall is also possible. Low liquidity can make it difficult to exit at the displayed price.
Antarctica Ltd Share Price Target: 2026 to 2030
There is no reliable basis in the available disclosures for a precise 2027 or 2030 share-price target. A useful valuation would need stable forecasts for revenue, net profit margin, operating cash flow, debt, promoter and public shareholding, and a suitable valuation method.
The old article showed dated quotations around ₹0.72 and a market value of about ₹11 crore. Those are not current quotes and should not be used as a live reference. The future market price also cannot be estimated simply by multiplying the old price by a fixed percentage.
Instead, investors should think about three possible business paths:
| Scenario | Possible business outcome | What to check |
|---|---|---|
| Positive | Agri-trading sales become more consistent, the company earns a better margin, customers pay on time and operating cash flow turns positive. | Revenue quality, net profit margin, receivables, cash flow and repeat customers. |
| Middle path | Sales remain active but margins stay low, while the company manages its working capital and debt carefully. | Quarterly results, purchases of stock-in-trade, expenses, borrowing and cash balance. |
| Weak | Sales are uneven, costs rise, customers delay payment or audit and governance issues remain unresolved. | Cash flow, overdue receivables, audit qualifications, debt and exchange disclosures. |
These are business scenarios, not stock-price forecasts. If a future analyst provides a numerical target, check the underlying earnings estimate and valuation assumptions. Avoid relying on a target that does not explain the company’s profit and cash generation.
What Should Investors Check Before Considering the Stock?
- Latest quarterly results: Check revenue, profit, EPS and whether the figures are standalone or consolidated.
- Current business activity: Confirm what the company is actually doing, rather than assuming that every object in its Memorandum of Association is an active business.
- Profit margin: Compare profit with revenue. High sales with a very small margin may leave little room for cost increases.
- Cash flow: Check whether the company collects money from customers and generates cash from its operations.
- Borrowings and receivables: Review debt, cash, amounts owed by customers and the payment terms.
- Audit qualifications: Read the auditor’s opinion and management’s responses to any qualification.
- Shareholding: Review promoter holding, public shareholding and changes in the quarterly pattern.
- Liquidity and surveillance: Check exchange notices and daily trading volume before considering a transaction.
Related Guides on Small and Distressed Shares
Different low-priced shares can have very different legal and financial situations. For example, our Birla Tyres guide explains a case where the existing shares were extinguished under an approved resolution plan and later delisted. Our Impex Ferro Tech guide covers a company under insolvency resolution with trading suspended. These situations are not the same as Antarctica’s current NSE listing and should not be mixed together.
Frequently Asked Questions
What is the current business of Antarctica Limited?
The company’s business page says current operations for FY2025–26 were agriculture and agri-allied trading. It says the company does not carry on manufacturing and has no subsidiary, joint venture or associate company.
Is Antarctica Limited a printing and packaging manufacturer?
Printing and packaging appear among the company’s authorised business objects, but its current business page says these are not its current operations. The stated current activity is agriculture and agri-allied trading.
What was Antarctica’s FY2025–26 revenue?
Audited standalone revenue from operations was ₹62.91 crore for the year ended 31 March 2026.
What was the FY2025–26 net profit?
Audited standalone profit after tax was ₹1.28 crore.
What was Antarctica’s Q1 FY27 revenue?
Unaudited standalone revenue from operations was ₹40.41 crore for the quarter ended 30 June 2026.
What was Antarctica’s Q1 FY27 net profit?
Unaudited standalone profit after tax was ₹55.06 lakh, or about ₹0.55 crore. Basic EPS was ₹0.04.
Where is Antarctica Limited listed?
The company’s current investor-relations page says its equity shares are listed on the National Stock Exchange under the symbol ANTGRAPHIC. It identifies the ISIN as INE414B01021.
Why is the promoter holding below 1% important?
The company reported promoter holding of 0.96% as at 30 June 2026. This is a point to investigate because investors may want to understand ownership and governance. It does not by itself prove misconduct.
Is Antarctica a good share to buy below ₹1?
A low price does not automatically mean good value. Investors should review profit margins, cash flow, debt, audit qualifications, liquidity and the latest exchange filings. This article does not recommend buying or selling the share.
Can Antarctica reach ₹5 or ₹10 by 2030?
No reliable target can be confirmed from the information reviewed. A future price would depend on sustainable profit, cash flow, company governance and market valuation. Treat online price claims as speculation unless a clear method is shown.
Conclusion
Antarctica Limited is currently described by its own website as an agriculture and agri-allied trading company, not a manufacturing business. FY2025–26 revenue from operations was ₹62.91 crore and profit after tax was ₹1.28 crore. Q1 FY27 revenue was ₹40.41 crore, but profit after tax was about ₹0.55 crore and the operating margin remained very small.
The company also reported negative operating cash flow for FY2025–26, a high level of trade receivables relative to cash, promoter holding of only 0.96% and audit qualifications that investors should read. These facts make it inappropriate to rely on a simple sub-₹1 share-price target. The better approach is to follow the company’s filings, profit margin, cash flow, ownership and liquidity before making any decision.
Disclaimer: This article is for general information and education only. It is not a recommendation to buy or sell any security. SharePriceHub is not a SEBI-registered investment adviser. Small and low-priced shares can be volatile and difficult to sell, and investors may lose some or all of their money. Check official company and exchange filings and speak with a qualified financial professional before making an investment decision.
Sources and Verification
- Antarctica Limited – Business segments: current operations and authorised business objects.
- Antarctica Limited – Investor relations: NSE symbol, ISIN, paid-up capital, shareholding and registrar information.
- Antarctica Limited – Official financial results: audited FY2025–26 and previous quarterly results.
- Antarctica Limited – Audited FY2025–26 financial results, 26 June 2026: revenue, profit, balance sheet, cash flow and audit-qualification responses.
- NSE filing – Q1 FY2026–27 financial results, 14 August 2026: unaudited standalone quarter ended 30 June 2026.
