Akshar Spintex Ltd
₹ 0.61
1.67%
22 May
3:27 p.m.
About
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
Key Points
- Market Cap ₹ 48.0 Cr.
- Current Price ₹ 0.61
- High / Low ₹ 8.95 / 0.50
- Stock P/E
- Book Value ₹ 1.12
- Dividend Yield 1.37 %
- ROCE -6.10 %
- ROE -6.74 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.52 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.37% over past five years.
- Promoter holding is low: 0.27%
- Company has a low return on equity of -2.50% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -50.2%
- Working capital days have increased from 84.6 days to 160 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.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
15 | 58 | 86 | 93 | 101 | 109 | 110 | 172 | 136 | 175 | 117 | |
13 | 50 | 77 | 85 | 95 | 108 | 104 | 159 | 136 | 167 | 119 | |
Operating Profit | 2 | 8 | 9 | 8 | 6 | 1 | 5 | 13 | -0 | 8 | -2 |
OPM % | 14% | 14% | 10% | 8% | 6% | 1% | 5% | 8% | -0% | 4% | -2% |
0 | 1 | 0 | 6 | 4 | 2 | 1 | 3 | 2 | 3 | 2 | |
Interest | 1 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 1 |
Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
Profit before tax | 0 | 3 | 3 | 8 | 4 | -5 | -0 | 10 | -4 | 5 | -6 |
Tax % | 282% | 23% | 4% | -6% | 42% | 25% | -789% | 27% | -34% | 31% | -24% |
-1 | 3 | 3 | 9 | 2 | -6 | 1 | 7 | -3 | 3 | -4 | |
EPS in Rs | -0.01 | 0.04 | 0.03 | 0.11 | 0.03 | -0.07 | 0.02 | 0.09 | -0.04 | 0.04 | -0.06 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 1% |
3 Years: | -12% |
TTM: | -33% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | % |
TTM: | -229% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -18% |
3 Years: | -69% |
1 Year: | -93% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | -3% |
Last Year: | -7% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 25 | 30 | 79 |
Reserves | -1 | 2 | 2 | 11 | 16 | 10 | 11 | 18 | 16 | 14 | 9 |
45 | 44 | 42 | 37 | 33 | 28 | 25 | 26 | 18 | 19 | 6 | |
6 | 4 | 7 | 7 | 11 | 11 | 12 | 24 | 18 | 11 | 4 | |
Total Liabilities | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 | 98 |
54 | 58 | 56 | 52 | 49 | 50 | 46 | 43 | 39 | 39 | 37 | |
CWIP | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | 17 | 19 | 26 | 31 | 24 | 27 | 50 | 37 | 34 | 61 | |
Total Assets | 70 | 75 | 75 | 79 | 85 | 74 | 73 | 93 | 76 | 74 | 98 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
10 | 12 | 6 | 7 | 9 | 8 | 6 | 3 | 10 | 5 | -30 | |
-44 | -8 | -1 | -0 | -5 | -0 | -1 | -1 | -0 | -4 | -2 | |
35 | -5 | -5 | -7 | -3 | -8 | -6 | -2 | -10 | -0 | 35 | |
Net Cash Flow | 1 | -2 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 3 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 13 | 24 | 20 | 18 | 15 | 10 | 2 | 33 | 10 | 24 |
Inventory Days | 153 | 78 | 56 | 63 | 61 | 40 | 65 | 88 | 53 | 60 | 155 |
Days Payable | 106 | 11 | 21 | 17 | 27 | 21 | 31 | 36 | 45 | 21 | 8 |
Cash Conversion Cycle | 97 | 80 | 60 | 66 | 52 | 34 | 44 | 54 | 41 | 50 | 171 |
Working Capital Days | 109 | 42 | 29 | 50 | 52 | 31 | 54 | 55 | 48 | 45 | 160 |
ROCE % | 9% | 8% | 15% | 9% | -2% | 4% | 19% | -4% | 11% | -6% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Director
16h - Two directors resigned on May 21, 2025, citing personal reasons; no other material reasons disclosed.
-
Announcement under Regulation 30 (LODR)-Change in Management
16h - Appointment of Harry Paghdar as MD and Sureshkumar Gajera as Independent Director, subject to approval.
-
Board Meeting Outcome for Change In Management Structure .E. Appointment Of Mr Harry Paghdar & Mr Suresh Gajera As Additonal Director And Resignation Of Mr Brijeshkumar Patel & Sohil Kumar And Appointmenent Of MD & Reconstitute The Committee
16h - Akshar Spintex appoints Harry Paghdar as MD; two directors resign; board committees reconstituted.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
1d - Two additional directors resigned from Akshar Spintex Limited due to personal reasons, effective upcoming board meeting.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
2d - Resignation of Additional Executive and Independent Directors effective immediately due to personal reasons.
Annual reports
-
Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
Product Profile[1]
a) Fibres:
100% Natural Cotton (Sankar -6), 100% Natural Cotton (MCU-5), 100% Natural Cotton (MECH-1), 100% BCI Certified Cotton, 100% Organic Certified Cotton, 100% Viscose, 100% Modal and 100% Excel.
b) Yarn:
Carded Cotton Yarn (16's to 44's Ne), Semi Combed Cotton Yarn (16's to 44's Ne), Combed Cotton Yarn (16's to 44's Ne), Slub Yarn, Core Spun Yarn, TFO Yarn, Eli Twist Yarn, Fancy Yarn, Melange Yarn, Blended Yarn, BCI Certified Yarn, and Organic Yarn