Akshar Spintex Ltd
Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]
- Market Cap ₹ 44.1 Cr.
- Current Price ₹ 0.56
- High / Low ₹ 1.78 / 0.49
- Stock P/E
- Book Value ₹ 1.12
- Dividend Yield 1.49 %
- ROCE -6.01 %
- ROE -6.72 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.50 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: | -25% |
3 Years: | -74% |
1 Year: | -67% |
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
-
Board Meeting Outcome for Outcome Of Board Meeting For Noting Of Cession And Approval Of Cost Audit Report For Year Ended On 31.03.2025
2 Sep - Board approved cost audit; MD and independent director ceased after AGM vote failed (AGM: 25 Aug 2025).
-
Announcement under Regulation 30 (LODR)-Cessation
27 Aug - AGM 25/08/2025: reappointment of Parshotam Vasoya failed; cessation effective 22/08/2026.
-
Announcement under Regulation 30 (LODR)-Cessation
27 Aug - AGM on 25 Aug 2025: Sureshkumar C. Gajera’s independent director appointment not approved; position vacates.
-
Announcement under Regulation 30 (LODR)-Cessation
27 Aug - AGM on 25 Aug 2025 rejected appointment of Harry D. Paghdar as Managing Director.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
25 Aug - 12th AGM (25 Aug 2025): adopted FY2024-25 accounts; MD appointed; remuneration Rs1,200,000 p.a.; other director appointments.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
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