Akshar Spintex Ltd

About

Akshar Spintex is engaged in the business of manufacturing and trading of spun cotton yarn.

  • Market Cap 70.9 Cr.
  • Current Price 28.4
  • High / Low 31.2 / 7.95
  • Stock P/E 57.2
  • Book Value 14.5
  • Dividend Yield 0.00 %
  • ROCE 3.77 %
  • ROE 3.48 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.02% for last 3 years.
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Quarterly Results

Figures in Rs. Crores

Sep 2017
45.44
38.32
Operating Profit 7.12
OPM % 15.67%
Other Income 1.16
Interest 1.09
Depreciation 1.93
Profit before tax 5.26
Tax % 52.09%
Net Profit 2.52
EPS in Rs 1.05

Profit & Loss

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
86 93 101 109 110
77 85 95 108 104
Operating Profit 9 8 6 1 5
OPM % 10% 8% 6% 1% 5%
Other Income 0 6 4 2 1
Interest 3 2 3 3 3
Depreciation 4 4 4 4 4
Profit before tax 3 8 4 -5 -0
Tax % 4% -6% 42% -25% 789%
Net Profit 3 9 2 -6 1
EPS in Rs 1.08 3.56 0.90 -2.29 0.50
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:6%
TTM:0%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-47%
TTM:122%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:6%
1 Year:126%
Return on Equity
10 Years:%
5 Years:%
3 Years:-2%
Last Year:3%

Balance Sheet

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
24 24 25 25 25
Reserves 2 11 16 10 11
Borrowings 42 37 33 28 25
7 7 11 11 12
Total Liabilities 75 79 85 74 73
56 52 49 50 46
CWIP 0 0 5 0 0
Investments 0 0 0 0 0
19 26 31 24 27
Total Assets 75 79 85 74 73

Cash Flows

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
6 7 9 8 6
-1 -0 -5 -0 -1
-5 -7 -3 -8 -6
Net Cash Flow -0 0 0 -0 -0

Ratios

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 24 20 18 15 10
Inventory Days 56 63 61 40 65
Days Payable 21 17 27 21 31
Cash Conversion Cycle 60 66 52 34 44
Working Capital Days 54 80 80 54 54
ROCE % 15% 9% -2% 4%

Shareholding Pattern

Numbers in percentages

Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021
46.06 46.06 46.06 46.06 46.06 46.06 46.06
53.94 53.94 53.94 53.94 53.94 53.94 53.94

Documents