Akshar Spintex Ltd

₹ 108 7.96%
05 Aug - close price
About

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

  • Market Cap 272 Cr.
  • Current Price 108
  • High / Low 119 / 21.8
  • Stock P/E 39.0
  • Book Value 14.5
  • Dividend Yield 0.00 %
  • ROCE 19.8 %
  • ROE 19.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 22.0% CAGR over last 5 years

Cons

  • Stock is trading at 7.44 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.27% for last 3 years.

* 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2017
45.44
38.32
Operating Profit 7.12
OPM % 15.67%
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 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
15 58 86 93 101 109 110 172
13 50 77 85 95 108 104 159
Operating Profit 2 8 9 8 6 1 5 13
OPM % 14% 14% 10% 8% 6% 1% 5% 8%
0 1 0 6 4 2 1 3
Interest 1 2 3 2 3 3 3 3
Depreciation 1 4 4 4 4 4 4 4
Profit before tax 0 3 3 8 4 -5 -0 10
Tax % 282% 23% 4% -6% 42% -25% 789% 27%
Net Profit -1 3 3 9 2 -6 1 7
EPS in Rs -0.25 1.11 1.08 3.56 0.90 -2.29 0.50 2.79
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 20%
TTM: 57%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: 46%
TTM: 463%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 111%
1 Year: 386%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 2%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
20 24 24 24 25 25 25
Reserves -1 2 2 11 16 10 11
45 44 42 37 33 28 25
6 4 7 7 11 11 12
Total Liabilities 70 75 75 79 85 74 73
54 58 56 52 49 50 46
CWIP 0 0 0 0 5 0 0
Investments 0 0 0 0 0 0 0
17 17 19 26 31 24 27
Total Assets 70 75 75 79 85 74 73

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10 12 6 7 9 8 6 2
-44 -8 -1 -0 -5 -0 -1 -0
35 -5 -5 -7 -3 -8 -6 -2
Net Cash Flow 1 -2 -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
Debtor Days 50 13 24 20 18 15 10
Inventory Days 153 78 56 63 61 40 65
Days Payable 106 11 21 17 27 21 31
Cash Conversion Cycle 97 80 60 66 52 34 44
Working Capital Days 109 42 29 50 52 31 32
ROCE % 9% 8% 15% 9% -2% 4%

Shareholding Pattern

Numbers in percentages

Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
46.06 46.06 46.06 46.06 46.06 46.06 46.06 47.07 49.19 50.49
53.94 53.94 53.94 53.94 53.94 53.94 53.94 52.93 50.81 49.51

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