Acknit Industries Ltd
Incorporated in 1990, Acknit Industries Ltd is in the business of Industrial Hand Gloves and Garments[1]
- Market Cap ₹ 78.7 Cr.
- Current Price ₹ 259
- High / Low ₹ 328 / 138
- Stock P/E 10.2
- Book Value ₹ 242
- Dividend Yield 0.58 %
- ROCE 12.9 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.07 times its book value
- Company has delivered good profit growth of 25.0% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 8.28% over past five years.
- Company has a low return on equity of 12.7% 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
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
89 | 97 | 134 | 149 | 161 | 159 | 160 | 172 | 170 | 172 | 216 | 238 | 205 | |
82 | 90 | 127 | 143 | 149 | 150 | 152 | 163 | 158 | 158 | 200 | 220 | 189 | |
Operating Profit | 7 | 7 | 8 | 6 | 11 | 9 | 8 | 9 | 12 | 14 | 16 | 19 | 16 |
OPM % | 8% | 7% | 6% | 4% | 7% | 6% | 5% | 5% | 7% | 8% | 7% | 8% | 8% |
0 | 1 | 0 | 4 | 0 | 3 | 4 | 5 | 1 | 0 | 1 | 0 | 0 | |
Interest | 3 | 3 | 2 | 4 | 4 | 5 | 6 | 5 | 5 | 3 | 3 | 3 | 2 |
Depreciation | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
Profit before tax | 2 | 2 | 4 | 4 | 5 | 5 | 4 | 6 | 6 | 8 | 11 | 12 | 10 |
Tax % | 33% | 38% | 35% | 32% | 38% | 35% | 29% | 21% | 22% | 26% | 28% | 26% | |
1 | 2 | 2 | 3 | 3 | 3 | 3 | 5 | 4 | 6 | 8 | 9 | 8 | |
EPS in Rs | 5.91 | 6.07 | 9.76 | 11.94 | 12.02 | 12.66 | 9.77 | 15.39 | 14.38 | 19.24 | 26.12 | 29.67 | 25.46 |
Dividend Payout % | 28% | 27% | 17% | 14% | 14% | 13% | 15% | 10% | 10% | 8% | 6% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 12% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 25% |
3 Years: | 27% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 24% |
3 Years: | 46% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 19 | 20 | 22 | 24 | 27 | 32 | 38 | 42 | 46 | 51 | 59 | 67 | 70 |
33 | 38 | 44 | 54 | 56 | 57 | 55 | 59 | 47 | 45 | 62 | 43 | 31 | |
13 | 15 | 26 | 18 | 20 | 24 | 22 | 21 | 23 | 19 | 23 | 19 | 29 | |
Total Liabilities | 68 | 76 | 95 | 100 | 106 | 116 | 118 | 124 | 119 | 119 | 147 | 133 | 133 |
20 | 19 | 19 | 21 | 25 | 24 | 24 | 27 | 32 | 32 | 37 | 37 | 36 | |
CWIP | 0 | 0 | 0 | 2 | 0 | 2 | 3 | 1 | 1 | 3 | 1 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
48 | 57 | 75 | 76 | 80 | 90 | 91 | 97 | 86 | 84 | 109 | 95 | 96 | |
Total Assets | 68 | 76 | 95 | 100 | 106 | 116 | 118 | 124 | 119 | 119 | 147 | 133 | 133 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 1 | -2 | 1 | 4 | 7 | 5 | 3 | 24 | 9 | -8 | 25 | |
-3 | -3 | -1 | -5 | -4 | -2 | -4 | -2 | -8 | -3 | -6 | -3 | |
1 | 2 | 4 | 5 | -2 | -5 | -2 | -2 | -16 | -6 | 14 | -22 | |
Net Cash Flow | 0 | -0 | 1 | 0 | -2 | 1 | -1 | 0 | -0 | -0 | -0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 57 | 61 | 51 | 55 | 69 | 67 | 65 | 47 | 51 | 52 | 44 |
Inventory Days | 126 | 144 | 120 | 122 | 138 | 139 | 156 | 154 | 207 | 160 | 200 | 146 |
Days Payable | 43 | 53 | 73 | 43 | 47 | 63 | 59 | 47 | 54 | 44 | 47 | 33 |
Cash Conversion Cycle | 141 | 148 | 108 | 131 | 146 | 145 | 163 | 172 | 200 | 168 | 206 | 157 |
Working Capital Days | 140 | 159 | 130 | 135 | 135 | 147 | 151 | 156 | 127 | 136 | 144 | 115 |
ROCE % | 11% | 10% | 10% | 11% | 11% | 11% | 10% | 11% | 11% | 12% | 12% | 13% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
-
Compliance Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
12 Apr - Compliance Certificate under Regulation 40(9) of SEBI (LODR) Regulations, 2015 for the financial year ended 31st March, 2024.
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March, 2024 8 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Compliance Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2024, as received from S.K. Infosolutions …
- Closure of Trading Window 29 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.