AKI India Ltd
Incorporated in 1994, AKI India Ltd designs, manufactures and exports leather products[1]
- Market Cap ₹ 52.5 Cr.
- Current Price ₹ 5.19
- High / Low ₹ 16.2 / 3.72
- Stock P/E 35.0
- Book Value ₹ 8.35
- Dividend Yield 0.00 %
- ROCE 4.54 %
- ROE 1.80 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.62 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 10.8% over past five years.
- Company has a low return on equity of 3.12% over last 3 years.
- Earnings include an other income of Rs.5.75 Cr.
- Promoter holding has decreased over last 3 years: -18.9%
- Working capital days have increased from 110 days to 168 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 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12.76 | 29.99 | 38.64 | 40.24 | 42.12 | 39.74 | 41.04 | 44.79 | 60.90 | 55.44 | 64.84 | 68.66 | 60.09 | |
| 12.75 | 29.50 | 37.58 | 39.25 | 41.29 | 38.67 | 38.98 | 43.22 | 58.57 | 52.43 | 62.32 | 68.77 | 60.17 | |
| Operating Profit | 0.01 | 0.49 | 1.06 | 0.99 | 0.83 | 1.07 | 2.06 | 1.57 | 2.33 | 3.01 | 2.52 | -0.11 | -0.08 |
| OPM % | 0.08% | 1.63% | 2.74% | 2.46% | 1.97% | 2.69% | 5.02% | 3.51% | 3.83% | 5.43% | 3.89% | -0.16% | -0.13% |
| 0.86 | 1.76 | 2.01 | 2.36 | 3.16 | 3.19 | 2.05 | 3.73 | 3.04 | 2.35 | 3.00 | 6.42 | 5.75 | |
| Interest | 0.22 | 1.59 | 1.59 | 1.71 | 1.34 | 1.50 | 1.30 | 1.33 | 1.39 | 1.99 | 1.80 | 1.88 | 2.17 |
| Depreciation | 0.27 | 1.38 | 1.39 | 1.39 | 1.42 | 1.63 | 1.75 | 2.27 | 2.23 | 1.90 | 1.85 | 1.81 | 1.80 |
| Profit before tax | 0.38 | -0.72 | 0.09 | 0.25 | 1.23 | 1.13 | 1.06 | 1.70 | 1.75 | 1.47 | 1.87 | 2.62 | 1.70 |
| Tax % | 23.68% | -11.11% | -66.67% | 36.00% | 73.98% | 55.75% | 29.25% | 48.24% | 5.71% | 27.21% | 27.27% | 37.79% | |
| 0.29 | -0.63 | 0.14 | 0.15 | 0.31 | 0.50 | 0.75 | 0.89 | 1.65 | 1.08 | 1.36 | 1.63 | 0.98 | |
| EPS in Rs | 0.52 | -0.64 | 0.14 | 0.05 | 0.06 | 0.07 | 0.11 | 0.13 | 0.25 | 0.16 | 0.16 | 0.18 | 0.09 |
| 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: | 9% |
| 5 Years: | 11% |
| 3 Years: | 4% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 8% |
| 3 Years: | -7% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -39% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.87 | 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 | 1.87 | 1.33 | 1.48 | 1.63 | 1.01 | 1.64 | 2.40 | 2.53 | 3.77 | 1.54 | 42.42 | 47.18 | 65.50 |
| 8.27 | 21.17 | 22.76 | 20.89 | 17.68 | 21.37 | 21.63 | 27.87 | 29.43 | 29.51 | 18.07 | 19.17 | 25.86 | |
| 4.10 | 12.65 | 13.36 | 12.41 | 10.25 | 12.16 | 16.05 | 16.17 | 16.99 | 17.31 | 24.70 | 26.03 | 20.61 | |
| Total Liabilities | 15.11 | 36.65 | 39.10 | 39.93 | 36.44 | 45.47 | 50.38 | 56.87 | 60.49 | 61.75 | 102.34 | 110.09 | 132.61 |
| 4.97 | 9.34 | 9.88 | 9.34 | 7.14 | 12.29 | 10.85 | 15.12 | 13.73 | 12.16 | 12.73 | 11.63 | 12.30 | |
| CWIP | 0.23 | 1.11 | 1.87 | 2.00 | 4.00 | 0.91 | 7.03 | 2.31 | 2.51 | 4.47 | 7.00 | 8.77 | 8.78 |
| Investments | 0.95 | 0.95 | 0.95 | 0.95 | 1.09 | 2.54 | 2.54 | 2.49 | 2.48 | 2.48 | 2.48 | 2.59 | 2.59 |
| 8.96 | 25.25 | 26.40 | 27.64 | 24.21 | 29.73 | 29.96 | 36.95 | 41.77 | 42.64 | 80.13 | 87.10 | 108.94 | |
| Total Assets | 15.11 | 36.65 | 39.10 | 39.93 | 36.44 | 45.47 | 50.38 | 56.87 | 60.49 | 61.75 | 102.34 | 110.09 | 132.61 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.04 | -0.67 | 3.14 | 0.00 | 7.38 | -4.92 | 0.76 | 3.67 | -17.59 | -3.25 | |||
| -2.68 | -0.98 | 0.48 | 0.00 | -6.37 | -1.68 | -0.99 | -2.40 | -17.80 | -1.07 | |||
| 1.26 | 1.37 | -4.15 | 0.00 | -0.75 | 6.49 | 0.34 | -1.10 | 35.65 | 4.98 | |||
| Net Cash Flow | -0.39 | -0.28 | -0.53 | 0.00 | 0.26 | -0.10 | 0.11 | 0.17 | 0.27 | 0.65 | ||
| Free Cash Flow | -1.64 | -1.65 | 2.40 | 0.00 | 0.96 | -6.75 | -0.29 | 1.39 | -22.55 | -5.73 | ||
| CFO/OP | 98% | -52% | 427% | 0% | 379% | -279% | 58% | 139% | -675% | 2,182% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 151.32 | 144.10 | 118.55 | 106.22 | 86.83 | 98.00 | 83.25 | 131.20 | 106.26 | 115.68 | 103.30 | 132.21 |
| Inventory Days | 89.78 | 134.46 | 120.83 | 134.39 | 119.57 | 166.35 | 197.35 | 161.29 | 131.86 | 167.41 | 196.65 | 201.57 |
| Days Payable | 133.93 | 180.30 | 148.37 | 132.16 | 103.91 | 134.78 | 186.18 | 159.46 | 124.33 | 145.23 | 139.17 | 135.75 |
| Cash Conversion Cycle | 107.17 | 98.26 | 91.02 | 108.44 | 102.48 | 129.57 | 94.41 | 133.03 | 113.79 | 137.86 | 160.77 | 198.03 |
| Working Capital Days | 14.30 | -36.88 | -27.58 | 0.18 | 12.13 | 16.35 | -17.70 | 24.85 | 30.39 | 28.90 | 134.14 | 168.04 |
| ROCE % | 5.50% | 6.76% | 7.36% | 9.68% | 8.84% | 6.98% | 6.08% | 6.51% | 7.87% | 6.01% | 4.54% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Work-in-Progress (Operational Expansion Indicator) INR Lakhs |
|
|||||||||||
| Revenue from Operations (Product Sales Breakup - Standalone) INR Lakhs |
||||||||||||
| Export Revenue (Foreign Exchange Earnings CIF/FOB) INR Lakhs |
||||||||||||
| Footwear Segment Revenue (Standalone) INR Lakhs |
||||||||||||
| Leather Segment Revenue (Standalone) INR Lakhs |
||||||||||||
| Total Revenue (Consolidated) INR Lakhs |
||||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement Under Regulation 30 Of SEBI (LODR), 2015
15 Apr - AKI India appointed two independent directors and noted three resignations on 8 April 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
15 Apr - AKI India appointed two independent directors and noted three resignations effective 8 April 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
15 Apr - On 8 April 2026, AKI India appointed two independent directors and noted three resignations.
-
Board Meeting Outcome for Outcome And Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
15 Apr - On 8 Apr 2026, AKI India appointed two independent directors and noted three independent director resignations.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
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