Acknit Industries Ltd
Incorporated in 1990, Acknit Industries Ltd is in the business of Industrial Hand Gloves and Garments[1]
- Market Cap ₹ 87.4 Cr.
- Current Price ₹ 288
- High / Low ₹ 369 / 198
- Stock P/E 10.2
- Book Value ₹ 259
- Dividend Yield 0.53 %
- ROCE 11.0 %
- ROE 11.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.11 times its book value
Cons
- The company has delivered a poor sales growth of 5.13% over past five years.
- Company has a low return on equity of 12.6% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
97 | 134 | 149 | 161 | 159 | 160 | 172 | 170 | 172 | 216 | 238 | 221 | |
90 | 127 | 143 | 149 | 150 | 152 | 163 | 158 | 158 | 200 | 220 | 204 | |
Operating Profit | 7 | 8 | 6 | 11 | 9 | 8 | 9 | 12 | 14 | 16 | 19 | 17 |
OPM % | 7% | 6% | 4% | 7% | 6% | 5% | 5% | 7% | 8% | 7% | 8% | 8% |
1 | 0 | 4 | 0 | 3 | 4 | 5 | 1 | 0 | 1 | 0 | 0 | |
Interest | 3 | 2 | 4 | 4 | 5 | 6 | 5 | 5 | 3 | 3 | 3 | 2 |
Depreciation | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
Profit before tax | 2 | 4 | 4 | 5 | 5 | 4 | 6 | 6 | 8 | 11 | 12 | 11 |
Tax % | 38% | 35% | 32% | 38% | 35% | 29% | 21% | 22% | 26% | 28% | 26% | 25% |
2 | 2 | 3 | 3 | 3 | 3 | 5 | 4 | 6 | 8 | 9 | 9 | |
EPS in Rs | 6.07 | 9.76 | 11.94 | 12.02 | 12.66 | 9.77 | 15.39 | 14.38 | 19.24 | 26.12 | 29.67 | 28.12 |
Dividend Payout % | 27% | 17% | 14% | 14% | 13% | 15% | 10% | 10% | 8% | 6% | 5% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 9% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 13% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 31% |
3 Years: | 27% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 20 | 22 | 24 | 27 | 32 | 38 | 42 | 46 | 51 | 59 | 67 | 76 |
38 | 44 | 54 | 56 | 57 | 55 | 59 | 47 | 45 | 62 | 43 | 59 | |
15 | 26 | 18 | 20 | 24 | 22 | 21 | 23 | 19 | 23 | 19 | 18 | |
Total Liabilities | 76 | 95 | 100 | 106 | 116 | 118 | 124 | 119 | 119 | 147 | 133 | 156 |
19 | 19 | 21 | 25 | 24 | 24 | 27 | 32 | 32 | 37 | 37 | 35 | |
CWIP | 0 | 0 | 2 | 0 | 2 | 3 | 1 | 1 | 3 | 1 | 0 | 4 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
57 | 75 | 76 | 80 | 90 | 91 | 97 | 86 | 84 | 109 | 95 | 117 | |
Total Assets | 76 | 95 | 100 | 106 | 116 | 118 | 124 | 119 | 119 | 147 | 133 | 156 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | -2 | 1 | 4 | 7 | 5 | 3 | 24 | 9 | -8 | 25 | -9 | |
-3 | -1 | -5 | -4 | -2 | -4 | -2 | -8 | -3 | -6 | -3 | -4 | |
2 | 4 | 5 | -2 | -5 | -2 | -2 | -16 | -6 | 14 | -22 | 13 | |
Net Cash Flow | -0 | 1 | 0 | -2 | 1 | -1 | 0 | -0 | -0 | -0 | 0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 57 | 61 | 51 | 55 | 69 | 67 | 65 | 47 | 51 | 52 | 44 | 56 |
Inventory Days | 144 | 120 | 122 | 138 | 139 | 156 | 154 | 207 | 160 | 200 | 146 | 192 |
Days Payable | 53 | 73 | 43 | 47 | 63 | 59 | 47 | 54 | 44 | 47 | 33 | 33 |
Cash Conversion Cycle | 148 | 108 | 131 | 146 | 145 | 163 | 172 | 200 | 168 | 206 | 157 | 214 |
Working Capital Days | 159 | 130 | 135 | 135 | 147 | 151 | 156 | 127 | 136 | 144 | 115 | 161 |
ROCE % | 10% | 10% | 11% | 11% | 11% | 10% | 11% | 11% | 12% | 12% | 13% | 11% |
Documents
Announcements
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 2d
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Announcement under Regulation 30 (LODR)-Change in Management
29 Jun - Mr. Shri Krishan Saraf (DIN: 00128999) is re-appointed as the Managing Director of the Company for a further period of 3 years with effect from …
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 29 Jun
- Closure of Trading Window 26 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Newspaper Publication of Postal Ballot Notice 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
Company is in the business of manufacturing and export of industrial gloves and garments. The products are manufactured as per CE norms and over 90% productions are exported to Europe. Co is a recognized export house by government of India.