AKI India Ltd
Incorporated in 1994, AKI India Ltd designs, manufactures and exports leather products[1]
- Market Cap ₹ 47.9 Cr.
- Current Price ₹ 4.64
- High / Low ₹ 16.2 / 3.72
- Stock P/E 33.3
- Book Value ₹ 8.36
- Dividend Yield 0.00 %
- ROCE 4.40 %
- ROE 1.91 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.53 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.64% over past five years.
- Company has a low return on equity of 2.24% over last 3 years.
- Earnings include an other income of Rs.4.48 Cr.
- Promoter holding has decreased over last 3 years: -18.9%
- Working capital days have increased from 201 days to 301 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29.99 | 38.64 | 40.24 | 42.12 | 39.74 | 41.04 | 44.79 | 60.90 | 55.44 | 64.84 | 68.66 | 64.71 | |
| 29.50 | 37.58 | 39.25 | 41.29 | 38.67 | 38.98 | 43.22 | 58.57 | 52.43 | 62.32 | 68.77 | 63.19 | |
| Operating Profit | 0.49 | 1.06 | 0.99 | 0.83 | 1.07 | 2.06 | 1.57 | 2.33 | 3.01 | 2.52 | -0.11 | 1.52 |
| OPM % | 1.63% | 2.74% | 2.46% | 1.97% | 2.69% | 5.02% | 3.51% | 3.83% | 5.43% | 3.89% | -0.16% | 2.35% |
| 1.76 | 2.01 | 2.36 | 3.16 | 3.19 | 2.05 | 3.73 | 3.04 | 2.35 | 3.00 | 6.42 | 4.48 | |
| Interest | 1.59 | 1.59 | 1.71 | 1.34 | 1.50 | 1.30 | 1.33 | 1.39 | 1.99 | 1.80 | 1.88 | 2.07 |
| Depreciation | 1.38 | 1.39 | 1.39 | 1.42 | 1.63 | 1.75 | 2.27 | 2.23 | 1.90 | 1.85 | 1.81 | 1.78 |
| Profit before tax | -0.72 | 0.09 | 0.25 | 1.23 | 1.13 | 1.06 | 1.70 | 1.75 | 1.47 | 1.87 | 2.62 | 2.15 |
| Tax % | -11.11% | -66.67% | 36.00% | 73.98% | 55.75% | 29.25% | 48.24% | 5.71% | 27.21% | 27.27% | 37.79% | 32.56% |
| -0.63 | 0.14 | 0.15 | 0.31 | 0.50 | 0.75 | 0.89 | 1.65 | 1.08 | 1.36 | 1.63 | 1.44 | |
| EPS in Rs | -0.64 | 0.14 | 0.05 | 0.06 | 0.07 | 0.11 | 0.13 | 0.25 | 0.16 | 0.16 | 0.18 | 0.14 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 8% |
| 3 Years: | 5% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 24% |
| 3 Years: | 10% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | -41% |
| 1 Year: | -68% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.50 | 1.50 | 5.00 | 7.50 | 10.30 | 10.30 | 10.30 | 10.30 | 13.39 | 17.15 | 17.71 | 20.64 |
| Reserves | 1.33 | 1.48 | 1.63 | 1.01 | 1.64 | 2.40 | 2.53 | 3.77 | 1.54 | 42.42 | 47.18 | 65.63 |
| 21.17 | 22.76 | 20.89 | 17.68 | 21.37 | 21.63 | 27.87 | 29.43 | 29.51 | 18.07 | 19.17 | 21.38 | |
| 12.65 | 13.36 | 12.41 | 10.25 | 12.16 | 16.05 | 16.17 | 16.99 | 17.31 | 24.70 | 26.03 | 29.76 | |
| Total Liabilities | 36.65 | 39.10 | 39.93 | 36.44 | 45.47 | 50.38 | 56.87 | 60.49 | 61.75 | 102.34 | 110.09 | 137.41 |
| 9.34 | 9.88 | 9.34 | 7.14 | 12.29 | 10.85 | 15.12 | 13.73 | 12.16 | 12.73 | 11.63 | 12.16 | |
| CWIP | 1.11 | 1.87 | 2.00 | 4.00 | 0.91 | 7.03 | 2.31 | 2.51 | 4.47 | 7.00 | 8.77 | 9.53 |
| Investments | 0.95 | 0.95 | 0.95 | 1.09 | 2.54 | 2.54 | 2.49 | 2.48 | 2.48 | 2.48 | 2.59 | 2.59 |
| 25.25 | 26.40 | 27.64 | 24.21 | 29.73 | 29.96 | 36.95 | 41.77 | 42.64 | 80.13 | 87.10 | 113.13 | |
| Total Assets | 36.65 | 39.10 | 39.93 | 36.44 | 45.47 | 50.38 | 56.87 | 60.49 | 61.75 | 102.34 | 110.09 | 137.41 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.04 | -0.67 | 3.14 | 0.00 | 7.38 | -4.92 | 0.76 | 3.67 | -17.59 | -3.25 | -20.26 | ||
| -2.68 | -0.98 | 0.48 | 0.00 | -6.37 | -1.68 | -0.99 | -2.40 | -17.80 | -1.07 | -3.23 | ||
| 1.26 | 1.37 | -4.15 | 0.00 | -0.75 | 6.49 | 0.34 | -1.10 | 35.65 | 4.98 | 22.81 | ||
| Net Cash Flow | -0.39 | -0.28 | -0.53 | 0.00 | 0.26 | -0.10 | 0.11 | 0.17 | 0.27 | 0.65 | -0.67 | |
| Free Cash Flow | -1.64 | -1.65 | 2.40 | 0.00 | 0.96 | -6.75 | -0.29 | 1.39 | -22.55 | -5.73 | -23.33 | |
| CFO/OP | 98% | -52% | 427% | 0% | 379% | -279% | 58% | 139% | -675% | 2,182% | -1,287% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144.10 | 118.55 | 106.22 | 86.83 | 98.00 | 83.25 | 131.20 | 106.26 | 115.68 | 103.30 | 132.21 | 131.88 |
| Inventory Days | 134.46 | 120.83 | 134.39 | 119.57 | 166.35 | 197.35 | 161.29 | 131.86 | 167.41 | 196.65 | 201.57 | 304.72 |
| Days Payable | 180.30 | 148.37 | 132.16 | 103.91 | 134.78 | 186.18 | 159.46 | 124.33 | 145.23 | 139.17 | 135.75 | 141.03 |
| Cash Conversion Cycle | 98.26 | 91.02 | 108.44 | 102.48 | 129.57 | 94.41 | 133.03 | 113.79 | 137.86 | 160.77 | 198.03 | 295.57 |
| Working Capital Days | -36.88 | -27.58 | 0.18 | 12.13 | 16.35 | -17.70 | 24.85 | 30.39 | 28.90 | 134.14 | 168.04 | 301.49 |
| ROCE % | 6.76% | 7.36% | 9.68% | 8.84% | 6.98% | 6.08% | 6.51% | 7.87% | 6.01% | 4.54% | 4.40% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Export Revenue Share % |
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| Traded Goods Revenue Share % |
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| Domestic/Indigenous Revenue Share % |
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| Footwear Segment Revenue Share % |
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| Leather Segment Revenue Share % |
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| Saddlery Segment Revenue Share % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Director
16h - Nandish Shaileshbhai Jani resigned as Independent Director effective 7 July 2026.
-
Announcement Under Regulation 30 (LODR) - Reconstitution Of Committee
1d - AKI India appointed four directors, reconstituted committees, and noted Ms. Hardika Ladha's resignation effective 7 July 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1d - AKI India appointed four directors, reconstituted board committees, and noted Hardika Ladha’s resignation effective 7 July 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Director
1d - AKI India appointed four directors, reconstituted committees, and noted Hardika Ladha’s resignation effective 7 July 2026.
-
Board Meeting Outcome for Outcome And Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
1d - AKI India appoints four directors, reconstitutes committees, and notes Hardika Ladha’s resignation effective 7 July 2026.
Business Overview:[1][2]
AKIIL processes hides into finished leather and upholstery, and manufactures leather products such as footwear, horse bridles, browbands, crown pieces, pony articles and saddle girths, etc. It also designs and manufactures leather products for equestrian sports, horse covers, leather bags, belts and finished leather. Company takes technical assistance from Horse Riding Group from Germany for making of Leather Saddlery & Harness Goods