A K Spintex Ltd

A K Spintex Ltd

₹ 152 -1.61%
28 Feb - close price
About

Incorporated in 1994, A.K. Spintex Ltd is in the business of textile processing and weaving

Key Points

Services Offered:[1][2][3]
Company works as a process house for processing synthetic, polyester fiber and cotton grey fabric on job-work basis through interlacing, weaving or knitting, and also undertakes dyeing and printing

  • Market Cap 76.6 Cr.
  • Current Price 152
  • High / Low 169 / 72.6
  • Stock P/E 9.36
  • Book Value 68.4
  • Dividend Yield 0.00 %
  • ROCE 27.5 %
  • ROE 27.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 31.5% CAGR over last 5 years
  • Debtor days have improved from 83.2 to 62.4 days.
  • Company's working capital requirements have reduced from 60.2 days to 41.8 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.6% 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 - Processing

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
16.96 17.04 8.99 17.05 22.96 23.65 27.76 28.69 27.66 32.32 30.32 27.96 28.42
14.92 16.26 7.91 15.95 20.48 20.83 24.10 23.54 23.98 28.53 25.47 24.09 22.95
Operating Profit 2.04 0.78 1.08 1.10 2.48 2.82 3.66 5.15 3.68 3.79 4.85 3.87 5.47
OPM % 12.03% 4.58% 12.01% 6.45% 10.80% 11.92% 13.18% 17.95% 13.30% 11.73% 16.00% 13.84% 19.25%
-0.00 -0.00 0.02 -0.00 0.08 0.03 -0.00 0.06 -0.00 0.07 0.04 -0.00 -0.00
Interest 0.24 0.21 0.24 0.21 0.23 0.23 0.21 0.23 0.17 0.23 0.21 0.21 0.16
Depreciation 0.93 0.81 0.84 0.84 1.24 1.08 1.20 1.80 1.50 1.63 1.50 1.55 1.63
Profit before tax 0.87 -0.24 0.02 0.05 1.09 1.54 2.25 3.18 2.01 2.00 3.18 2.11 3.68
Tax % -0.00% 45.83% -0.00% 20.00% 15.60% 46.10% 15.56% 23.58% 27.36% 22.50% 29.56% 20.85% 25.27%
0.87 -0.13 0.02 0.04 0.91 0.84 1.90 2.43 1.45 1.54 2.23 1.67 2.75
EPS in Rs 1.73 -0.26 0.04 0.08 1.81 1.67 3.78 4.83 2.88 3.06 4.43 3.32 5.47
Raw PDF

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
31 34 40 44 52 53 54 60 64 48 73 116 119
27 31 36 40 46 47 48 53 56 43 65 100 101
Operating Profit 4 3 4 4 6 6 6 7 7 5 7 16 18
OPM % 12% 8% 9% 9% 11% 11% 10% 11% 11% 10% 10% 14% 15%
0 0 0 0 0 0 2 0 0 0 0 0 0
Interest 1 1 2 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 3 4 4 3 4 6 6
Profit before tax 1 0 1 0 3 3 4 2 3 0 3 9 11
Tax % 32% 81% 16% 62% 38% 32% 12% 28% 26% -0% 33% 22%
1 0 0 0 2 2 3 1 2 0 2 7 8
EPS in Rs 1.47 0.12 0.85 0.24 3.84 4.17 6.68 2.50 3.80 0.91 3.60 14.55 16.28
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 22%
TTM: 10%
Compounded Profit Growth
10 Years: 62%
5 Years: 32%
3 Years: 56%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 39%
3 Years: 78%
1 Year: 97%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 14%
Last Year: 27%

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 5 5 5 5 7 9 13 14 16 16 18 25 29
11 15 16 15 10 10 14 13 10 11 11 10 11
9 8 9 9 10 10 13 13 14 15 18 19 21
Total Liabilities 30 33 35 35 32 35 44 46 45 47 52 60 67
17 15 16 15 15 18 25 22 21 21 25 28 29
CWIP -0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 4
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
12 18 19 20 18 17 20 23 24 26 28 32 34
Total Assets 30 33 35 35 32 35 44 46 45 47 52 60 67

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 -0 4 1 7 6 5 -0 6 4 7 11
-0 0 -2 -3 -7 -5 -8 -0 -2 -4 -8 -9
-2 3 -2 2 -1 -2 3 -0 -4 -0 1 -2
Net Cash Flow -0 3 0 -0 -1 -0 -0 -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 64 73 77 77 68 75 82 90 84 111 76 62
Inventory Days 245 220 182 125 97 86 127 123 141 260 174 101
Days Payable 307 259 263 214 207 213 247 230 236 375 300 202
Cash Conversion Cycle 1 34 -4 -12 -43 -53 -39 -17 -10 -4 -49 -38
Working Capital Days 53 76 66 63 42 34 49 59 61 85 54 42
ROCE % 10% 6% 9% 7% 18% 17% 10% 9% 11% 4% 11% 28%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.32% 65.32% 65.32% 65.32% 65.32% 65.32% 65.33% 68.16% 70.06% 70.46% 70.73% 70.76%
34.68% 34.68% 34.68% 34.68% 34.68% 34.68% 34.68% 31.84% 29.95% 29.54% 29.27% 29.24%
No. of Shareholders 9149339701,0885,3294,6964,1113,5293,2123,0183,0853,429

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