Acknit Industries Ltd

Acknit Indus. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Acknit Industries Ltd

₹ 260 -0.67%
11 Jun 10:49 a.m.
acknitindia.com BSE: 530043
About

Incorporated in 1990, Acknit Industries Ltd is in the business of Industrial Hand Gloves and Garments[1]

Key Points

Business Overview:[1]
Company is in the business of manufacturing and export of industrial gloves and garments. The products are manufactured as per CE norms and over 90% productions are exported to Europe. Co is a recognized export house by government of India.

Website BSE
  • Market Cap ₹ 79.0 Cr.
  • Current Price ₹ 260
  • High / Low ₹ 406 / 210
  • Stock P/E 8.78
  • Book Value ₹ 287
  • Dividend Yield 0.57 %
  • ROCE 10.6 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.91 times its book value
  • Promoter holding has increased by 3.79% over last quarter.

Cons

  • The company has delivered a poor sales growth of 7.22% over past five years.
  • Company has a low return on equity of 11.9% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
63.13 74.30 63.29 47.90 52.98 49.85 56.03 46.33 68.45 57.23 62.39 55.28 65.47
59.14 69.50 58.98 43.34 48.46 46.46 52.05 42.31 62.94 52.99 58.06 51.60 59.80
Operating Profit 3.99 4.80 4.31 4.56 4.52 3.39 3.98 4.02 5.51 4.24 4.33 3.68 5.67
OPM % 6.32% 6.46% 6.81% 9.52% 8.53% 6.80% 7.10% 8.68% 8.05% 7.41% 6.94% 6.66% 8.66%
1.08 0.01 0.01 0.00 0.04 0.13 0.04 0.03 0.04 0.07 0.03 0.02 0.36
Interest 0.79 0.85 0.76 0.60 0.59 0.59 0.65 0.53 0.61 0.70 0.64 0.64 0.96
Depreciation 0.81 0.80 0.81 0.84 0.86 0.82 0.84 0.84 0.79 0.89 0.80 0.81 0.82
Profit before tax 3.47 3.16 2.75 3.12 3.11 2.11 2.53 2.68 4.15 2.72 2.92 2.25 4.25
Tax % 31.99% 24.37% 24.73% 25.96% 27.33% 26.07% 24.11% 25.00% 25.78% 27.21% 28.77% 21.33% 25.88%
2.36 2.39 2.07 2.30 2.26 1.56 1.92 2.00 3.07 1.98 2.08 1.77 3.16
EPS in Rs 7.76 7.86 6.81 7.57 7.43 5.13 6.32 6.58 10.10 6.51 6.84 5.82 10.39
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
134 149 161 159 160 172 170 172 216 238 221 240
127 143 149 150 152 163 158 158 200 220 203 222
Operating Profit 8 6 11 9 8 9 12 14 16 19 17 18
OPM % 6% 4% 7% 6% 5% 5% 7% 8% 7% 8% 8% 7%
0 4 0 3 4 5 1 0 1 0 0 0
Interest 2 4 4 5 6 5 5 3 3 3 3 3
Depreciation 2 1 2 2 2 2 2 3 3 3 3 3
Profit before tax 4 4 5 5 4 6 6 8 11 12 11 12
Tax % 35% 32% 38% 35% 29% 21% 22% 26% 28% 26% 25% 26%
2 3 3 3 3 5 4 6 8 9 9 9
EPS in Rs 9.76 11.94 12.02 12.66 9.77 15.39 14.38 19.24 26.12 29.67 28.12 29.61
Dividend Payout % 17% 14% 14% 13% 15% 10% 10% 8% 6% 5% 5% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 4%
TTM: 9%
Compounded Profit Growth
10 Years: 12%
5 Years: 15%
3 Years: 7%
TTM: 5%
Stock Price CAGR
10 Years: 18%
5 Years: 31%
3 Years: 22%
1 Year: -19%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 12%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 22 24 27 32 38 42 46 51 59 67 76 84
44 54 56 57 55 59 47 45 62 43 59 59
26 18 20 24 22 21 23 19 23 19 18 24
Total Liabilities 95 100 106 116 118 124 119 119 147 133 156 170
19 21 25 24 24 27 32 32 37 37 35 35
CWIP 0 2 0 2 3 1 1 3 1 0 4 7
Investments 0 0 0 0 0 0 0 0 0 0 0 0
75 76 80 90 91 97 86 84 109 95 117 128
Total Assets 95 100 106 116 118 124 119 119 147 133 156 170

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 1 4 7 5 3 24 9 -8 25 -9 10
-1 -5 -4 -2 -4 -2 -8 -3 -6 -3 -4 -7
4 5 -2 -5 -2 -2 -16 -6 14 -22 13 -3
Net Cash Flow 1 0 -2 1 -1 0 -0 -0 -0 0 0 -0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 61 51 55 69 67 65 47 51 52 44 56 48
Inventory Days 120 122 138 139 156 154 207 160 200 146 201 214
Days Payable 73 43 47 63 59 47 54 44 47 33 35 43
Cash Conversion Cycle 108 131 146 145 163 172 200 168 206 157 222 219
Working Capital Days 130 135 135 147 151 156 127 136 144 115 161 156
ROCE % 10% 11% 11% 11% 10% 11% 11% 12% 12% 13% 11% 11%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.34% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35% 54.13%
0.44% 0.44% 0.44% 0.44% 0.44% 0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
49.22% 49.22% 49.22% 49.22% 49.22% 49.33% 49.66% 49.66% 49.65% 49.64% 49.65% 45.87%
No. of Shareholders 2,1962,2292,2962,2172,1652,1432,2222,1542,2702,2462,4412,434

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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