Akshar Spintex Ltd
AKSHARAkshar Spintex Ltd
AKSHARPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
HighStrong financials and growth story over the years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
35.66 | 2.58 | 0.26% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
43.24 | 7.27 | 0.46% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Akshar Spintex Limited is an India-based company, which is principally engaged in the business of manufacturing and trading of spun cotton yarn.
Peers
Compare with peersVedant Fashions Ltd
KPR Mill Ltd
Century Textiles and Industries Ltd
Trident Ltd
Swan Energy 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 | 59.84 | 86.34 | 99.53 | 104.93 | 111.09 | 110.88 | 175.57 | 137.92 | 177.92 | 176.25 | ||||||||||
Raw Materials | 39.81 | 66.44 | 69.37 | 78.94 | 92.49 | 88.31 | 139.12 | 121.55 | 149.93 | 165.61 | ||||||||||
Power & Fuel Cost | 0.00 | 7.47 | 8.18 | 8.03 | 9.28 | 9.51 | 11.21 | 8.31 | 11.87 | |||||||||||
Employee Cost | 3.94 | 4.81 | 6.38 | 5.66 | 5.61 | 4.73 | 7.50 | 5.05 | 4.81 | |||||||||||
Selling & Administrative Expenses | 0.00 | 0.70 | 0.74 | 1.29 | 0.75 | 0.89 | 1.31 | 1.07 | 1.53 | |||||||||||
Operating & Other expenses | 6.66 | -2.14 | 0.59 | 0.69 | 0.29 | 0.95 | -0.03 | 0.00 | -0.93 | |||||||||||
EBITDA | 9.43 | 9.06 | 14.27 | 10.32 | 2.67 | 6.49 | 16.46 | 1.94 | 10.71 | 10.64 | ||||||||||
Depreciation/Amortization | 3.60 | 3.79 | 3.84 | 3.82 | 4.10 | 4.14 | 4.21 | 4.27 | 4.34 | 4.41 | ||||||||||
PBIT | 5.83 | 5.27 | 10.43 | 6.50 | -1.43 | 2.35 | 12.25 | -2.33 | 6.37 | 6.23 | ||||||||||
Interest & Other Items | 2.37 | 2.59 | 2.39 | 2.65 | 3.18 | 2.53 | 2.58 | 1.86 | 1.36 | 1.40 | ||||||||||
PBT | 3.46 | 2.68 | 8.04 | 3.85 | -4.61 | -0.18 | 9.67 | -4.19 | 5.01 | 4.83 | ||||||||||
Taxes & Other Items | 0.80 | 0.12 | -0.51 | 1.60 | 1.13 | -1.42 | 2.64 | -1.43 | 1.56 | 1.65 | ||||||||||
Net Income | 2.66 | 2.56 | 8.55 | 2.25 | -5.74 | 1.24 | 7.03 | -2.76 | 3.45 | 3.18 | ||||||||||
EPS | 0.01 | 0.00 | 0.02 | 0.00 | -0.01 | 0.00 | 0.01 | -0.01 | 0.08 | 0.07 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.08 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryTextiles
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Akshar Spintex Ltd | 32.87 | 2.58 | 0.26% |
Vedant Fashions Ltd | 77.23 | 19.97 | 0.65% |
KPR Mill Ltd | 39.69 | 7.33 | 0.53% |
Century Textiles and Industries Ltd | 597.09 | 7.37 | 0.19% |
Price Comparison
Compare AKSHAR with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 25.95%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Feb 2024
Mar 2024
Jun 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJan 4, 2024
Dividend/Share
₹0.01
Ex DateEx Date
Jan 4, 2024
Akshar Spintex announced that the 11th Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live
Akshar Spintex will hold a meeting of the Board of Directors of the Company on 17 August 2024.Powered by Capital Market - Live
Net profit of Akshar Spintex declined 30.00% to Rs 0.63 crore in the quarter ended June 2024 as against Rs 0.90 crore during the previous quarter ended June 2023. Sales declined 3.72% to Rs 37.02 crore in the quarter ended June 2024 as against Rs 38.45 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales37.0238.45 -4 OPM %5.274.58 - PBDT2.232.33 -4 PBT1.081.26 -14 NP0.630.90 -30 Powered by Capital Market - Live
Akshar Spintex will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.14%, vs industry avg of 3.97%
Increasing Market Share
Over the last 5 years, market share increased from 0.08% to 0.11%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 8.92%, vs industry avg of 4.49%