AKI India Ltd
Incorporated in 1994, AKI India Ltd designs, manufactures and exports leather products[1]
- Market Cap ₹ 52.0 Cr.
- Current Price ₹ 5.04
- High / Low ₹ 16.2 / 4.20
- Stock P/E 19.7
- Book Value ₹ 9.68
- Dividend Yield 0.00 %
- ROCE 4.60 %
- ROE 1.86 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.52 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.23% over last 3 years.
- Earnings include an other income of Rs.9.70 Cr.
- Promoter holding has decreased over last 3 years: -18.9%
- Working capital days have increased from 102 days to 146 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.86 | 32.97 | 40.23 | 40.94 | 46.05 | 60.90 | 70.23 | 70.91 | 80.96 | 94.76 | |
| 14.12 | 32.65 | 39.26 | 40.04 | 45.03 | 58.57 | 67.32 | 68.57 | 81.11 | 97.48 | |
| Operating Profit | -0.26 | 0.32 | 0.97 | 0.90 | 1.02 | 2.33 | 2.91 | 2.34 | -0.15 | -2.72 |
| OPM % | -1.88% | 0.97% | 2.41% | 2.20% | 2.21% | 3.83% | 4.14% | 3.30% | -0.19% | -2.87% |
| 0.95 | 1.50 | 2.12 | 2.41 | 3.08 | 3.04 | 2.57 | 3.22 | 6.52 | 9.70 | |
| Interest | 0.22 | 1.60 | 1.59 | 1.71 | 1.16 | 1.39 | 2.01 | 1.83 | 1.89 | 2.21 |
| Depreciation | 0.27 | 1.38 | 1.39 | 1.40 | 1.34 | 2.23 | 1.90 | 1.85 | 1.81 | 1.98 |
| Profit before tax | 0.20 | -1.16 | 0.11 | 0.20 | 1.60 | 1.75 | 1.57 | 1.88 | 2.67 | 2.79 |
| Tax % | 50.00% | -6.90% | -54.55% | 45.00% | 30.62% | 5.71% | 26.75% | 27.13% | 37.08% | |
| 0.10 | -1.08 | 0.17 | 0.11 | 1.11 | 1.65 | 1.16 | 1.37 | 1.68 | 2.12 | |
| EPS in Rs | 0.18 | -1.10 | 0.17 | 0.03 | 0.23 | 0.25 | 0.17 | 0.16 | 0.19 | 0.21 |
| Dividend Payout % | 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: | % |
| 3 Years: | 10% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | % |
| 3 Years: | -6% |
| TTM: | 83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | -35% |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.87 | 1.50 | 1.50 | 5.00 | 7.50 | 10.30 | 13.39 | 17.15 | 17.71 | 20.64 |
| Reserves | 1.86 | 0.83 | 0.99 | 1.10 | -0.25 | 3.77 | 1.60 | 42.56 | 47.43 | 79.22 |
| 8.27 | 20.71 | 21.84 | 20.89 | 16.48 | 29.43 | 29.51 | 18.07 | 19.34 | 25.99 | |
| 5.14 | 15.00 | 15.35 | 13.07 | 13.13 | 16.99 | 18.75 | 26.33 | 29.88 | 28.03 | |
| Total Liabilities | 16.14 | 38.04 | 39.68 | 40.06 | 36.86 | 60.49 | 63.25 | 104.11 | 114.36 | 153.88 |
| 4.98 | 9.35 | 9.89 | 9.35 | 7.66 | 13.73 | 12.16 | 12.73 | 11.63 | 13.74 | |
| CWIP | 0.23 | 1.11 | 1.87 | 2.00 | 2.00 | 2.51 | 4.47 | 7.00 | 8.77 | 8.78 |
| Investments | 0.45 | 0.04 | 0.04 | 0.04 | 0.04 | 2.48 | 1.03 | 1.03 | 1.14 | 1.03 |
| 10.48 | 27.54 | 27.88 | 28.67 | 27.16 | 41.77 | 45.59 | 83.35 | 92.82 | 130.33 | |
| Total Assets | 16.14 | 38.04 | 39.68 | 40.06 | 36.86 | 60.49 | 63.25 | 104.11 | 114.36 | 153.88 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 1.27 | -0.69 | 3.20 | 0.76 | -1.05 | -17.62 | -2.67 | |||
| -2.69 | -0.99 | 0.56 | -0.99 | -0.74 | -17.69 | -1.51 | |||
| 1.26 | 1.37 | -4.16 | 0.34 | 1.99 | 35.65 | 5.15 | |||
| Net Cash Flow | -0.17 | -0.31 | -0.41 | 0.11 | 0.20 | 0.34 | 0.97 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 161.43 | 149.56 | 120.85 | 107.97 | 94.72 | 106.26 | 103.32 | 108.56 | 128.90 |
| Inventory Days | 101.68 | 127.63 | 120.29 | 135.69 | 108.28 | 131.86 | 129.33 | 178.61 | 169.55 |
| Days Payable | 155.01 | 185.37 | 153.19 | 136.24 | 110.64 | 124.33 | 118.20 | 135.82 | 124.97 |
| Cash Conversion Cycle | 108.11 | 91.82 | 87.95 | 107.42 | 92.36 | 113.79 | 114.45 | 151.35 | 173.47 |
| Working Capital Days | 127.99 | 118.35 | 97.90 | 125.53 | 102.09 | 30.39 | 30.51 | 130.28 | 146.21 |
| ROCE % | 7.18% | 7.44% | 10.88% | 8.14% | 6.07% | 4.60% |
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 ・Standalone data |
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| Revenue from Operations (Product Sales Breakup - Standalone) INR Lakhs ・Standalone data |
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| Export Revenue (Foreign Exchange Earnings CIF/FOB) INR Lakhs ・Standalone data |
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| Footwear Segment Revenue (Standalone) INR Lakhs ・Standalone data |
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| Leather Segment Revenue (Standalone) INR Lakhs ・Standalone data |
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| Total Revenue (Consolidated) INR Lakhs |
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Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Submission of newspaper advertisement under Regulation 47 of SEBI (LODR) Regulation, 2015
-
Integrated Filing (Financial) For The Quarter And Nine Month Ended On 31St December, 2025
12 Feb - Unaudited Q3 and nine-month results to 31 Dec 2025; consolidated income Rs 2,948.93 lakh.
- Outcome Of Board Meeting Held Today I.E. 12Th February, 2026 12 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 12Th February, 2026
12 Feb - Board approved Q3 and 9M FY2026 unaudited standalone/consolidated results; limited review dated 12 Feb 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