Akshar Spintex Ltd
₹ 0.62
-1.59%
25 Apr
9:09 a.m.
About
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
Key Points
- Market Cap ₹ 48.8 Cr.
- Current Price ₹ 0.62
- High / Low ₹ 8.95 / 0.50
- Stock P/E
- Book Value ₹ 0.55
- Dividend Yield 1.34 %
- ROCE 10.5 %
- ROE 8.19 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.14 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 0.27%
- Company has a low return on equity of 6.20% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.2.12 Cr.
- Promoter holding has decreased over last 3 years: -50.2%
* 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 - Cotton/Blended
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
15 | 58 | 86 | 93 | 101 | 109 | 110 | 172 | 136 | 175 | 134 | |
13 | 50 | 77 | 85 | 95 | 108 | 104 | 159 | 136 | 167 | 134 | |
Operating Profit | 2 | 8 | 9 | 8 | 6 | 1 | 5 | 13 | -0 | 8 | 1 |
OPM % | 14% | 14% | 10% | 8% | 6% | 1% | 5% | 8% | -0% | 4% | 1% |
0 | 1 | 0 | 6 | 4 | 2 | 1 | 3 | 2 | 3 | 2 | |
Interest | 1 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 1 |
Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
Profit before tax | 0 | 3 | 3 | 8 | 4 | -5 | -0 | 10 | -4 | 5 | -3 |
Tax % | 282% | 23% | 4% | -6% | 42% | 25% | -789% | 27% | -34% | 31% | |
-1 | 3 | 3 | 9 | 2 | -6 | 1 | 7 | -3 | 3 | -2 | |
EPS in Rs | -0.01 | 0.04 | 0.03 | 0.11 | 0.03 | -0.07 | 0.02 | 0.09 | -0.04 | 0.04 | -0.03 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 17% |
TTM: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 41% |
TTM: | -139% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -22% |
3 Years: | -67% |
1 Year: | -92% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 6% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 30 | 30 |
Reserves | -1 | 2 | 2 | 11 | 16 | 10 | 11 | 18 | 16 | 14 | 13 |
45 | 44 | 42 | 37 | 33 | 28 | 25 | 26 | 18 | 19 | 18 | |
6 | 4 | 7 | 7 | 11 | 11 | 12 | 24 | 18 | 11 | 8 | |
Total Liabilities | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 | 69 |
54 | 58 | 56 | 52 | 49 | 50 | 46 | 43 | 39 | 39 | 39 | |
CWIP | -0 | -0 | -0 | -0 | 5 | -0 | -0 | -0 | -0 | -0 | -0 |
Investments | -0 | -0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | -0 |
17 | 17 | 19 | 26 | 31 | 24 | 27 | 50 | 37 | 34 | 30 | |
Total Assets | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 | 69 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
10 | 12 | 6 | 7 | 9 | 8 | 6 | 3 | 10 | 5 | |
-44 | -8 | -1 | -0 | -5 | -0 | -1 | -1 | -0 | -4 | |
35 | -5 | -5 | -7 | -3 | -8 | -6 | -2 | -10 | -0 | |
Net Cash Flow | 1 | -2 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 13 | 24 | 20 | 18 | 15 | 10 | 2 | 33 | 10 |
Inventory Days | 153 | 78 | 56 | 63 | 61 | 40 | 65 | 88 | 53 | 60 |
Days Payable | 106 | 11 | 21 | 17 | 27 | 21 | 31 | 36 | 45 | 21 |
Cash Conversion Cycle | 97 | 80 | 60 | 66 | 52 | 34 | 44 | 54 | 41 | 50 |
Working Capital Days | 109 | 42 | 29 | 50 | 52 | 31 | 54 | 55 | 48 | 45 |
ROCE % | 9% | 8% | 15% | 9% | -2% | 4% | 19% | -4% | 11% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Director
9 Apr - Resignation of Keshav Makhija as Non-Executive Independent Director.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
9 Apr - Resignation of Mr. Rohit Naval as Executive Director.
-
Board Meeting Outcome for Outcome Board Meeting
9 Apr - Resignation of Executive and Non-Executive Directors.
-
Board Meeting Intimation for To Consider And Note The Resignation Of Mr Rohit Raval & Mr Keshvji Makhija
5 Apr - Board meeting to discuss resignations of two directors.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificate under Regulation 74(5) for Q1 2025.
Annual reports
-
Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
Product Profile[1]
a) Fibres:
100% Natural Cotton (Sankar -6), 100% Natural Cotton (MCU-5), 100% Natural Cotton (MECH-1), 100% BCI Certified Cotton, 100% Organic Certified Cotton, 100% Viscose, 100% Modal and 100% Excel.
b) Yarn:
Carded Cotton Yarn (16's to 44's Ne), Semi Combed Cotton Yarn (16's to 44's Ne), Combed Cotton Yarn (16's to 44's Ne), Slub Yarn, Core Spun Yarn, TFO Yarn, Eli Twist Yarn, Fancy Yarn, Melange Yarn, Blended Yarn, BCI Certified Yarn, and Organic Yarn