AKI India Ltd
Incorporated in 1994, AKI India Ltd designs, manufactures and exports leather products[1]
- Market Cap ₹ 76.3 Cr.
- Current Price ₹ 7.43
- High / Low ₹ 18.5 / 6.63
- Stock P/E 31.5
- Book Value ₹ 9.68
- Dividend Yield 0.00 %
- ROCE 4.60 %
- ROE 1.86 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.77 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.7.20 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 | 91.81 | |
| 14.12 | 32.65 | 39.26 | 40.04 | 45.03 | 58.57 | 67.32 | 68.57 | 81.11 | 92.30 | |
| Operating Profit | -0.26 | 0.32 | 0.97 | 0.90 | 1.02 | 2.33 | 2.91 | 2.34 | -0.15 | -0.49 |
| OPM % | -1.88% | 0.97% | 2.41% | 2.20% | 2.21% | 3.83% | 4.14% | 3.30% | -0.19% | -0.53% |
| 0.95 | 1.50 | 2.12 | 2.41 | 3.08 | 3.04 | 2.57 | 3.22 | 6.52 | 7.20 | |
| Interest | 0.22 | 1.60 | 1.59 | 1.71 | 1.16 | 1.39 | 2.01 | 1.83 | 1.89 | 2.18 |
| Depreciation | 0.27 | 1.38 | 1.39 | 1.40 | 1.34 | 2.23 | 1.90 | 1.85 | 1.81 | 1.89 |
| Profit before tax | 0.20 | -1.16 | 0.11 | 0.20 | 1.60 | 1.75 | 1.57 | 1.88 | 2.67 | 2.64 |
| 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 | 1.90 | |
| EPS in Rs | 0.18 | -1.10 | 0.17 | 0.03 | 0.23 | 0.25 | 0.17 | 0.16 | 0.19 | 0.19 |
| 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: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | % |
| 3 Years: | -6% |
| TTM: | 149% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | -26% |
| 1 Year: | -58% |
| 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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper Advertisement of extract of Standalone and Consolidated Unaudited Financial results for the Quarter and Half year ended on 30th september 2025
-
Integrated Filing (Financial)
14 Nov - Unaudited Q2/H1 FY2025 results: consolidated revenue ₹2,892.74L, PBT ₹114.05L, PAT ₹84.88L; EPS ₹0.08; equity ₹2,064.12L.
-
Submission Of Financial Result For Quarter And Half Year Ended On 30Th September, 2025
14 Nov - Approved unaudited standalone and consolidated results for quarter and half-year ended 30 Sep 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 14Th November, 2025
14 Nov - Board approved unaudited Q2/H1 results ended 30 Sep 2025; consolidated H1 revenue Rs 4,856.88L, H1 PAT Rs 84.88L.
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Board Meeting Outcome for Intimation Of Rescheduling Of Board Meeting
13 Nov - Board meeting rescheduled to 14 Nov 2025 4:00 PM to approve Q2/H1 Sep 30, 2025 unaudited results.
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