Acknit Industries Ltd

Acknit Industries Ltd

₹ 325 -1.47%
14 Jun - close price
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.

  • Market Cap 98.9 Cr.
  • Current Price 325
  • High / Low 369 / 159
  • Stock P/E 11.6
  • Book Value 259
  • Dividend Yield 0.46 %
  • ROCE 11.0 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 5.13% over past five years.
  • Company has a low return on equity of 12.6% 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
52.58 37.95 56.08 58.09 63.13 74.30 63.29 47.90 52.98 49.85 56.03 46.33 68.45
48.93 35.53 52.20 53.27 59.14 69.50 58.98 43.34 48.46 46.46 52.05 42.31 62.94
Operating Profit 3.65 2.42 3.88 4.82 3.99 4.80 4.31 4.56 4.52 3.39 3.98 4.02 5.51
OPM % 6.94% 6.38% 6.92% 8.30% 6.32% 6.46% 6.81% 9.52% 8.53% 6.80% 7.10% 8.68% 8.05%
0.37 0.44 0.02 0.02 1.08 0.01 0.01 0.00 0.04 0.13 0.04 0.03 0.04
Interest 0.67 0.54 0.65 0.63 0.79 0.85 0.76 0.60 0.59 0.59 0.65 0.53 0.61
Depreciation 0.76 0.75 0.75 0.76 0.81 0.80 0.81 0.84 0.86 0.82 0.84 0.84 0.79
Profit before tax 2.59 1.57 2.50 3.45 3.47 3.16 2.75 3.12 3.11 2.11 2.53 2.68 4.15
Tax % 38.61% 26.11% 25.60% 25.80% 31.99% 24.37% 24.73% 25.96% 27.33% 26.07% 24.11% 25.00% 25.78%
1.60 1.17 1.85 2.56 2.36 2.39 2.07 2.30 2.26 1.56 1.92 2.00 3.07
EPS in Rs 5.26 3.85 6.09 8.42 7.76 7.86 6.81 7.57 7.43 5.13 6.32 6.58 10.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
97 134 149 161 159 160 172 170 172 216 238 221
90 127 143 149 150 152 163 158 158 200 220 204
Operating Profit 7 8 6 11 9 8 9 12 14 16 19 17
OPM % 7% 6% 4% 7% 6% 5% 5% 7% 8% 7% 8% 8%
1 0 4 0 3 4 5 1 0 1 0 0
Interest 3 2 4 4 5 6 5 5 3 3 3 2
Depreciation 2 2 1 2 2 2 2 2 3 3 3 3
Profit before tax 2 4 4 5 5 4 6 6 8 11 12 11
Tax % 38% 35% 32% 38% 35% 29% 21% 22% 26% 28% 26% 25%
2 2 3 3 3 3 5 4 6 8 9 9
EPS in Rs 6.07 9.76 11.94 12.02 12.66 9.77 15.39 14.38 19.24 26.12 29.67 28.12
Dividend Payout % 27% 17% 14% 14% 13% 15% 10% 10% 8% 6% 5% 5%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: 9%
TTM: -7%
Compounded Profit Growth
10 Years: 13%
5 Years: 13%
3 Years: 13%
TTM: -6%
Stock Price CAGR
10 Years: 24%
5 Years: 30%
3 Years: 44%
1 Year: 95%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 13%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 20 22 24 27 32 38 42 46 51 59 67 76
38 44 54 56 57 55 59 47 45 62 43 59
15 26 18 20 24 22 21 23 19 23 19 18
Total Liabilities 76 95 100 106 116 118 124 119 119 147 133 156
19 19 21 25 24 24 27 32 32 37 37 35
CWIP 0 0 2 0 2 3 1 1 3 1 0 4
Investments 0 0 0 0 0 0 0 0 0 0 0 0
57 75 76 80 90 91 97 86 84 109 95 117
Total Assets 76 95 100 106 116 118 124 119 119 147 133 156

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 -2 1 4 7 5 3 24 9 -8 25 -9
-3 -1 -5 -4 -2 -4 -2 -8 -3 -6 -3 -4
2 4 5 -2 -5 -2 -2 -16 -6 14 -22 13
Net Cash Flow -0 1 0 -2 1 -1 0 -0 -0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 61 51 55 69 67 65 47 51 52 44 56
Inventory Days 144 120 122 138 139 156 154 207 160 200 146 192
Days Payable 53 73 43 47 63 59 47 54 44 47 33 33
Cash Conversion Cycle 148 108 131 146 145 163 172 200 168 206 157 214
Working Capital Days 159 130 135 135 147 151 156 127 136 144 115 161
ROCE % 10% 10% 11% 11% 11% 10% 11% 11% 12% 12% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.34% 50.34% 50.34% 50.34% 50.34% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35% 50.35%
0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.34% 0.00% 0.00%
49.22% 49.22% 49.22% 49.22% 49.22% 49.22% 49.22% 49.22% 49.22% 49.33% 49.66% 49.66%
No. of Shareholders 2,4772,7292,5672,3382,1962,2292,2962,2172,1652,1432,2222,154

* 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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