Acknit Industries Ltd
ACKNITAcknit Industries Ltd
ACKNITPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
10.16 | 1.18 | 0.49% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
39.71 | 6.90 | 0.71% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Acknit Industries is engaged in manufacturing of all types of garments, gloves (both cotton and leather) and other apparels (both cotton and leather)
Peers
Compare with peersPage Industries Ltd
Safari Industries (India) Ltd
Raymond Lifestyle Ltd
Raymond Ltd
Arvind Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 160.54 | 161.80 | 164.93 | 177.10 | 171.36 | 172.31 | 216.81 | 238.54 | 220.91 | 234.57 | ||||||||||
Raw Materials | 109.14 | 105.42 | 98.14 | 101.95 | 93.66 | 99.02 | 130.73 | 139.80 | 138.44 | 216.31 | ||||||||||
Power & Fuel Cost | 2.69 | 3.00 | 3.13 | 3.66 | 3.37 | 3.62 | 4.77 | 4.49 | 3.32 | |||||||||||
Employee Cost | 4.43 | 4.66 | 5.02 | 5.95 | 5.71 | 5.57 | 6.43 | 7.09 | 7.59 | |||||||||||
Selling & Administrative Expenses | 5.99 | 7.27 | 8.78 | 8.75 | 9.12 | 7.64 | 13.14 | 10.60 | 9.83 | |||||||||||
Operating & Other expenses | 27.04 | 29.40 | 37.82 | 43.21 | 46.50 | 42.22 | 44.76 | 58.00 | 44.25 | |||||||||||
EBITDA | 11.25 | 12.05 | 12.04 | 13.58 | 13.00 | 14.24 | 16.98 | 18.56 | 17.48 | 18.26 | ||||||||||
Depreciation/Amortization | 1.85 | 2.33 | 2.26 | 2.27 | 2.49 | 2.90 | 3.08 | 3.32 | 3.29 | 3.32 | ||||||||||
PBIT | 9.40 | 9.72 | 9.78 | 11.31 | 10.51 | 11.34 | 13.90 | 15.24 | 14.19 | 14.94 | ||||||||||
Interest & Other Items | 4.50 | 4.81 | 5.58 | 5.40 | 4.91 | 3.42 | 2.92 | 3.10 | 2.72 | 2.48 | ||||||||||
PBT | 4.90 | 4.91 | 4.20 | 5.91 | 5.60 | 7.92 | 10.98 | 12.14 | 11.47 | 12.46 | ||||||||||
Taxes & Other Items | 1.87 | 1.71 | 1.21 | 1.22 | 1.24 | 2.08 | 3.05 | 3.11 | 2.91 | 3.32 | ||||||||||
Net Income | 3.03 | 3.20 | 2.99 | 4.69 | 4.36 | 5.84 | 7.93 | 9.03 | 8.56 | 9.14 | ||||||||||
EPS | 10.99 | 11.60 | 10.31 | 15.43 | 14.34 | 19.21 | 26.09 | 29.70 | 28.16 | 30.07 | ||||||||||
DPS | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | ||||||||||
Payout ratio | 0.14 | 0.13 | 0.15 | 0.10 | 0.10 | 0.08 | 0.06 | 0.05 | 0.05 | 0.05 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryApparel & Accessories
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Acknit Industries Ltd | 10.85 | 1.18 | 0.49% |
Page Industries Ltd | 91.72 | 32.69 | 0.79% |
Safari Industries (India) Ltd | 75.67 | 16.16 | 0.15% |
Raymond Lifestyle Ltd | 5.91 | 5.55 | — |
Price Comparison
Compare ACKNIT with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 5.55%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
ACKNIT has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.49%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.91 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 11, 2024
Dividend/Share
₹1.50
Ex DateEx Date
Sep 11, 2024
Cash Dividend
Ex DateEx DateJul 20, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Jul 20, 2023
Cash Dividend
Ex DateEx DateSep 22, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Sep 22, 2022
Cash Dividend
Ex DateEx DateSep 16, 2021
Dividend/Share
₹1.50
Ex DateEx Date
Sep 16, 2021
Cash Dividend
Ex DateEx DateSep 17, 2020
Dividend/Share
₹1.50
Ex DateEx Date
Sep 17, 2020
Net profit of Acknit Industries rose 8.33% to Rs 2.08 crore in the quarter ended September 2024 as against Rs 1.92 crore during the previous quarter ended September 2023. Sales rose 11.35% to Rs 62.39 crore in the quarter ended September 2024 as against Rs 56.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales62.3956.03 11 OPM %6.947.10 - PBDT3.723.37 10 PBT2.922.53 15 NP2.081.92 8 Powered by Capital Market - Live
Acknit Industries will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live
Acknit Industries announced that the 34th Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live
Net profit of Acknit Industries rose 26.92% to Rs 1.98 crore in the quarter ended June 2024 as against Rs 1.56 crore during the previous quarter ended June 2023. Sales rose 14.80% to Rs 57.23 crore in the quarter ended June 2024 as against Rs 49.85 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales57.2349.85 15 OPM %7.416.80 - PBDT3.612.93 23 PBT2.722.11 29 NP1.981.56 27 Powered by Capital Market - Live
Acknit Industries will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live
Acknit Industries standalone net profit declines 10.16% in the December 2022 quarter
Acknit Industries standalone net profit rises 178.57% in the June 2021 quarter
ICRA reaffirms ‘BBB-’ rating on Acknit Industries long-term bank facilities
BRIEF-Acknit Industries Reports Higher Dec-Quarter Profit
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 4.52%, vs industry avg of 7.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.47% to 0.39%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 12.79%, vs industry avg of 6.65%