Akshar Spintex Ltd
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
- Market Cap ₹ 46.5 Cr.
- Current Price ₹ 0.59
- High / Low ₹ 8.62 / 0.50
- Stock P/E
- Book Value ₹ 1.12
- Dividend Yield 1.41 %
- ROCE -6.10 %
- ROE -6.74 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.50 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.37% over past five years.
- Promoter holding is low: 0.27%
- Company has a low return on equity of -2.50% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -50.2%
- Working capital days have increased from 84.6 days to 160 days
* 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
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 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
15 | 58 | 86 | 93 | 101 | 109 | 110 | 172 | 136 | 175 | 117 | |
13 | 50 | 77 | 85 | 95 | 108 | 104 | 159 | 136 | 167 | 119 | |
Operating Profit | 2 | 8 | 9 | 8 | 6 | 1 | 5 | 13 | -0 | 8 | -2 |
OPM % | 14% | 14% | 10% | 8% | 6% | 1% | 5% | 8% | -0% | 4% | -2% |
0 | 1 | 0 | 6 | 4 | 2 | 1 | 3 | 2 | 3 | 2 | |
Interest | 1 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 1 |
Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
Profit before tax | 0 | 3 | 3 | 8 | 4 | -5 | -0 | 10 | -4 | 5 | -6 |
Tax % | 282% | 23% | 4% | -6% | 42% | 25% | -789% | 27% | -34% | 31% | -24% |
-1 | 3 | 3 | 9 | 2 | -6 | 1 | 7 | -3 | 3 | -4 | |
EPS in Rs | -0.01 | 0.04 | 0.03 | 0.11 | 0.03 | -0.07 | 0.02 | 0.09 | -0.04 | 0.04 | -0.06 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 1% |
3 Years: | -12% |
TTM: | -33% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | % |
TTM: | -229% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -20% |
3 Years: | -72% |
1 Year: | -93% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | -3% |
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 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 30 | 79 |
Reserves | -1 | 2 | 2 | 11 | 16 | 10 | 11 | 18 | 16 | 14 | 9 |
45 | 44 | 42 | 37 | 33 | 28 | 25 | 26 | 18 | 19 | 6 | |
6 | 4 | 7 | 7 | 11 | 11 | 12 | 24 | 18 | 11 | 4 | |
Total Liabilities | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 | 98 |
54 | 58 | 56 | 52 | 49 | 50 | 46 | 43 | 39 | 39 | 37 | |
CWIP | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | 17 | 19 | 26 | 31 | 24 | 27 | 50 | 37 | 34 | 61 | |
Total Assets | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 | 98 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
10 | 12 | 6 | 7 | 9 | 8 | 6 | 3 | 10 | 5 | -30 | |
-44 | -8 | -1 | -0 | -5 | -0 | -1 | -1 | -0 | -4 | -2 | |
35 | -5 | -5 | -7 | -3 | -8 | -6 | -2 | -10 | -0 | 35 | |
Net Cash Flow | 1 | -2 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 3 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 13 | 24 | 20 | 18 | 15 | 10 | 2 | 33 | 10 | 24 |
Inventory Days | 153 | 78 | 56 | 63 | 61 | 40 | 65 | 88 | 53 | 60 | 155 |
Days Payable | 106 | 11 | 21 | 17 | 27 | 21 | 31 | 36 | 45 | 21 | 8 |
Cash Conversion Cycle | 97 | 80 | 60 | 66 | 52 | 34 | 44 | 54 | 41 | 50 | 171 |
Working Capital Days | 109 | 42 | 29 | 50 | 52 | 31 | 54 | 55 | 48 | 45 | 160 |
ROCE % | 9% | 8% | 15% | 9% | -2% | 4% | 19% | -4% | 11% | -6% |
Documents
Announcements
-
Intimation For Appointment Of Secretarial Auditor And Reappointment Of Cost Auditor
9h - Re-appointment of Secretarial and Cost Auditors for FY 2025-26 at Akshar Spintex Limited.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
1d - Company Secretary & Compliance Officer resigns; Chairman to act as interim compliance officer.
-
Board Meeting Outcome for Outcome Of Board Meeting Subject To Approval Of Resignation Of Company Secretary & Compliance Officer & Appointment Of Cost Auditor & Secretarial Auditor
1d - Resignation of Company Secretary; appointment of Cost and Secretarial Auditors for FY 2025-26.
-
Closure of Trading Window
27 Jun - Trading window closed from July 1, 2025 till 48 hours after Q1 results announcement.
-
Board Meeting Intimation for To Consider And Approve Resignation Of Mr. Dheeraj Sahu Kumar , Company Secretary And Compliance Officer And Re-Appointment Of M/S. Mitesh Suvagiya & Co. Practicing Cost Accountant As A Cost Auditor Of The Company For The Financial Year 2025-26
23 Jun - Board meeting on June 30 to approve Company Secretary resignation and Cost Auditor re-appointment.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
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