Axita Cotton Ltd
Established in 2013 Axita Cotton (ACL, The
Company) is a manufacturer and exporter of
international quality Cotton Bales & Cotton Yarn. [1]
- Market Cap ₹ 351 Cr.
- Current Price ₹ 10.1
- High / Low ₹ 21.3 / 9.95
- Stock P/E 48.0
- Book Value ₹ 1.97
- Dividend Yield 1.30 %
- ROCE 37.9 %
- ROE 34.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 113% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
Cons
- Promoter holding has decreased over last 3 years: -30.4%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|
123 | 213 | 484 | 619 | 818 | 548 | 1,102 | 734 | |
120 | 210 | 481 | 610 | 808 | 525 | 1,075 | 723 | |
Operating Profit | 3 | 3 | 4 | 9 | 10 | 23 | 27 | 11 |
OPM % | 2% | 1% | 1% | 1% | 1% | 4% | 2% | 2% |
1 | 0 | 0 | 0 | 13 | 2 | 2 | 2 | |
Interest | 2 | 2 | 3 | 3 | 2 | 1 | 1 | 1 |
Depreciation | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 1 | 1 | 1 | 5 | 20 | 23 | 27 | 11 |
Tax % | -4% | 32% | 35% | 31% | 24% | 26% | 25% | |
1 | 0 | 0 | 4 | 15 | 17 | 20 | 8 | |
EPS in Rs | 0.09 | 0.01 | 0.01 | 0.11 | 0.44 | 0.49 | 0.58 | 0.22 |
Dividend Payout % | 0% | 0% | 0% | 0% | 6% | 12% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 39% |
3 Years: | 21% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 113% |
3 Years: | 76% |
TTM: | -65% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 7% |
1 Year: | -43% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 40% |
Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 7 | 13 | 13 | 20 | 20 | 26 | 35 |
Reserves | 1 | 11 | 5 | 9 | 17 | 33 | 38 | 34 |
17 | 15 | 15 | 14 | 0 | 6 | 25 | 5 | |
2 | 5 | 32 | 71 | 72 | 22 | 8 | 50 | |
Total Liabilities | 23 | 38 | 64 | 107 | 109 | 81 | 98 | 124 |
4 | 4 | 3 | 3 | 3 | 10 | 9 | 8 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | 34 | 61 | 104 | 106 | 71 | 89 | 116 | |
Total Assets | 23 | 38 | 64 | 107 | 109 | 81 | 98 | 124 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
1 | -11 | 6 | 4 | 9 | 7 | -13 | |
-0 | -0 | -0 | -0 | -0 | -1 | 1 | |
0 | 11 | -3 | -2 | -16 | -2 | 10 | |
Net Cash Flow | 0 | 0 | 2 | 1 | -6 | 5 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 32 | 18 | 31 | 42 | 33 | 29 | 13 |
Inventory Days | 20 | 18 | 4 | 6 | 2 | 5 | 7 |
Days Payable | 1 | 6 | 21 | 34 | 32 | 10 | 1 |
Cash Conversion Cycle | 50 | 30 | 14 | 14 | 3 | 24 | 18 |
Working Capital Days | 46 | 48 | 19 | 13 | 13 | 27 | 25 |
ROCE % | 9% | 11% | 26% | 61% | 49% | 38% |
Documents
Announcements
-
Intimation Under Regulation 30 - Withdrawal Of Application Filed For Reclassification Under Regulation 31A Of The SEBI (LODR) Regulations, 2015
52m - Withdrawal of reclassification application for promoters.
-
Closure of Trading Window
26 Mar - Closure of trading window from April 01, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Mar - Submission of copies of Newspaper publication of extract of Notice of postal ballot and e-voting of the Company, published today i.e. 26-03-2025.
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 Mar - Postal ballot notice for appointment of independent director.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Mar - Received $971,700 order for sesame seeds from South Korea.
Annual reports
Concalls
-
Jan 2023TranscriptNotesPPT
Business Overview:{#
Company promoter started their journey in the year 2007 as a producer and exporter of cottonseed oil, under a partnership firm called 'Aditya Oil Industries.' {# https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac3d5978-c93d-489b-9750-16f33116c0c3.pdf #}
In 2013, Company was incorporated. Company's main business is Ginning and Pressing of Seed Cotton (Kapas) on job work basis and production of cotton bales and cotton seeds. It also trades Kapas, cotton bales and cotton seeds.[1]