Akshar Spintex Ltd
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
- Market Cap ₹ 70.6 Cr.
- Current Price ₹ 2.40
- High / Low ₹ 7.08 / 2.10
- Stock P/E 11.9
- Book Value ₹ 1.42
- Dividend Yield 0.35 %
- ROCE -3.66 %
- ROE -6.58 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Promoter holding has decreased over last quarter: -25.5%
- The company has delivered a poor sales growth of 7.80% over past five years.
- Promoter holding is low: 12.0%
- Company has a low return on equity of 4.66% over last 3 years.
- Earnings include an other income of Rs.2.99 Cr.
* 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 - Cotton/Blended
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
15 | 58 | 86 | 93 | 101 | 109 | 110 | 172 | 136 | 164 | |
13 | 50 | 77 | 85 | 95 | 108 | 104 | 159 | 136 | 156 | |
Operating Profit | 2 | 8 | 9 | 8 | 6 | 1 | 5 | 13 | -0 | 8 |
OPM % | 14% | 14% | 10% | 8% | 6% | 1% | 5% | 8% | -0% | 5% |
0 | 1 | 0 | 6 | 4 | 2 | 1 | 3 | 2 | 3 | |
Interest | 1 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 1 |
Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Profit before tax | 0 | 3 | 3 | 8 | 4 | -5 | -0 | 10 | -4 | 5 |
Tax % | 282% | 23% | 4% | -6% | 42% | -25% | 789% | 27% | 34% | |
-1 | 3 | 3 | 9 | 2 | -6 | 1 | 7 | -3 | 6 | |
EPS in Rs | -0.02 | 0.09 | 0.09 | 0.30 | 0.07 | -0.19 | 0.04 | 0.23 | -0.09 | 0.19 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
TTM: | 202% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 45% |
1 Year: | -54% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 5% |
Last Year: | -7% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | -1 | 2 | 2 | 11 | 16 | 10 | 11 | 18 | 16 | 18 |
45 | 44 | 42 | 37 | 33 | 28 | 25 | 26 | 18 | 17 | |
6 | 4 | 7 | 7 | 11 | 11 | 12 | 24 | 18 | 15 | |
Total Liabilities | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 75 |
54 | 58 | 56 | 52 | 49 | 50 | 46 | 43 | 39 | 37 | |
CWIP | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | 17 | 19 | 26 | 31 | 24 | 27 | 50 | 37 | 38 | |
Total Assets | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 75 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
10 | 12 | 6 | 7 | 9 | 8 | 6 | 3 | 10 | |
-44 | -8 | -1 | -0 | -5 | -0 | -1 | -1 | -0 | |
35 | -5 | -5 | -7 | -3 | -8 | -6 | -2 | -10 | |
Net Cash Flow | 1 | -2 | -0 | 0 | 0 | -0 | -0 | -0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 13 | 24 | 20 | 18 | 15 | 10 | 2 | 33 |
Inventory Days | 153 | 78 | 56 | 63 | 61 | 40 | 65 | 88 | 53 |
Days Payable | 106 | 11 | 21 | 17 | 27 | 21 | 31 | 36 | 45 |
Cash Conversion Cycle | 97 | 80 | 60 | 66 | 52 | 34 | 44 | 54 | 41 |
Working Capital Days | 109 | 42 | 29 | 50 | 52 | 31 | 54 | 55 | 48 |
ROCE % | 9% | 8% | 15% | 9% | -2% | 4% | 19% | -4% |
Documents
Announcements
- Compliance Certificate Under Regulation 40 (9) & 40(10) 8h
-
Compliance For The Period 01.04.2023 To 31.03.2024
2d - Compliance certificate under regulation 7(3) from RTA & Compliance officer
- Announcement under Regulation 30 (LODR)-Issue of Securities 12 Apr
- Board Meeting Outcome for Outcome Of The Board Meeting 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr
Product Profile[1]
a) Fibres:
100% Natural Cotton (Sankar -6), 100% Natural Cotton (MCU-5), 100% Natural Cotton (MECH-1), 100% BCI Certified Cotton, 100% Organic Certified Cotton, 100% Viscose, 100% Modal and 100% Excel.
b) Yarn:
Carded Cotton Yarn (16's to 44's Ne), Semi Combed Cotton Yarn (16's to 44's Ne), Combed Cotton Yarn (16's to 44's Ne), Slub Yarn, Core Spun Yarn, TFO Yarn, Eli Twist Yarn, Fancy Yarn, Melange Yarn, Blended Yarn, BCI Certified Yarn, and Organic Yarn