Akshar Spintex Ltd
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
- Market Cap ₹ 43.3 Cr.
- Current Price ₹ 0.55
- High / Low ₹ 2.10 / 0.49
- Stock P/E
- Book Value ₹ 1.12
- Dividend Yield 1.52 %
- ROCE -6.01 %
- ROE -6.72 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.49 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.36% over past five years.
- Promoter holding is low: 0.27%
- Company has a low return on equity of -2.49% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -50.3%
- Working capital days have increased from 67.1 days to 154 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 58 | 86 | 93 | 101 | 109 | 110 | 172 | 136 | 175 | 117 | 106 | |
13 | 50 | 77 | 85 | 95 | 108 | 104 | 159 | 136 | 167 | 119 | 111 | |
Operating Profit | 2 | 8 | 9 | 8 | 6 | 1 | 5 | 13 | -0 | 8 | -2 | -5 |
OPM % | 14% | 14% | 10% | 8% | 6% | 1% | 5% | 8% | -0% | 4% | -2% | -5% |
0 | 1 | 0 | 6 | 4 | 2 | 1 | 3 | 2 | 3 | 2 | 2 | |
Interest | 1 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 1 |
Depreciation | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
Profit before tax | 0 | 3 | 3 | 8 | 4 | -5 | -0 | 10 | -4 | 5 | -6 | -9 |
Tax % | 282% | 23% | 4% | -6% | 42% | 25% | -789% | 27% | -34% | 31% | -24% | |
-1 | 3 | 3 | 9 | 2 | -6 | 1 | 7 | -3 | 3 | -4 | -6 | |
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 | -0.08 |
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: | -39% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | % |
TTM: | -298% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -20% |
3 Years: | -74% |
1 Year: | -66% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | -2% |
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 | -33 | 28 | 5 | 28 | 31 | 1 | 15 | 26 | 23 | 25 | 154 |
ROCE % | 9% | 8% | 15% | 9% | -2% | 4% | 19% | -4% | 11% | -6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - Newspaper Publication for financial results declared for quarter ended on 30.06.2025
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Integrated Financial Results For Quarter Ended On 30.06.2025
7 Aug - Quarterly financial results, auditor review, rights issue fund utilization, no defaults, CSR fund compliance noted.
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Board Meeting Outcome for Outcome Of Board Meeting For Declaration Of Financial Result For Quarter Ended On 30.06.2025
7 Aug - Approved Q1 FY2026 unaudited financial results with auditor's limited review report.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Aug - Newspaper Publication for Notice of 12th Annual General Meeting to be held on 25th August, 2025
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Reg. 34 (1) Annual Report.
1 Aug - Notice of 12th AGM and annual report FY 2024-25; company reports net loss amid challenging market.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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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