Akshar Spintex Ltd
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
- Market Cap ₹ 63.3 Cr.
- Current Price ₹ 2.13
- High / Low ₹ 7.08 / 2.10
- Stock P/E 18.3
- Book Value ₹ 1.46
- Dividend Yield 0.39 %
- ROCE 10.5 %
- ROE 8.19 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Promoter holding has decreased over last quarter: -0.42%
- Promoter holding is low: 11.6%
- 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.2.96 Cr.
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|
15 | 58 | 86 | 93 | 101 | 109 | 110 | 172 | 136 | 175 | |
13 | 50 | 77 | 85 | 95 | 108 | 104 | 159 | 136 | 167 | |
Operating Profit | 2 | 8 | 9 | 8 | 6 | 1 | 5 | 13 | -0 | 8 |
OPM % | 14% | 14% | 10% | 8% | 6% | 1% | 5% | 8% | -0% | 4% |
0 | 1 | 0 | 6 | 4 | 2 | 1 | 3 | 2 | 3 | |
Interest | 1 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 1 |
Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Profit before tax | 0 | 3 | 3 | 8 | 4 | -5 | -0 | 10 | -4 | 5 |
Tax % | 282% | 23% | 4% | -6% | 42% | 25% | -789% | 27% | -34% | 31% |
-1 | 3 | 3 | 9 | 2 | -6 | 1 | 7 | -3 | 3 | |
EPS in Rs | -0.02 | 0.09 | 0.09 | 0.30 | 0.07 | -0.19 | 0.04 | 0.23 | -0.09 | 0.12 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 17% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 41% |
TTM: | 225% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 18% |
1 Year: | -65% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 30 |
Reserves | -1 | 2 | 2 | 11 | 16 | 10 | 11 | 18 | 16 | 14 |
45 | 44 | 42 | 37 | 33 | 28 | 25 | 26 | 18 | 19 | |
6 | 4 | 7 | 7 | 11 | 11 | 12 | 24 | 18 | 11 | |
Total Liabilities | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 |
54 | 58 | 56 | 52 | 49 | 50 | 46 | 43 | 39 | 39 | |
CWIP | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | 17 | 19 | 26 | 31 | 24 | 27 | 50 | 37 | 34 | |
Total Assets | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 |
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% | 10% |
Documents
Announcements
- Board Meeting Intimation for Quarterly Financial Results & Any Other Business Matter 8h
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 2d
- Board Meeting Outcome for Resignation Of Company Secretary & Compliance Officer 2d
- Board Meeting Intimation for Notice Of Board Meeting To Be Held On 20.07.2024 13 Jul
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Jul
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