Akshar Spintex Ltd

Akshar Spintex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Akshar Spintex Ltd

₹ 69.2 -1.14%
30 May - close price
aksharspintex.in BSE: 541303 NSE : AKSHAR
About

Akshar Spintex Limited is engaged in the business of manufacturing and trading of spun cotton yarn. [1]

Key Points

Products
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.
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. [1]

Website BSE NSE
  • Market Cap ₹ 173 Cr.
  • Current Price ₹ 69.2
  • High / Low ₹ 134 / 29.6
  • Stock P/E
  • Book Value ₹ 16.3
  • Dividend Yield 0.00 %
  • ROCE -3.88 %
  • ROE -6.58 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.26 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.80% over past five years.
  • Company has a low return on equity of 4.63% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.39 Cr.

* 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

Sep 2017 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
45.44 34.14 44.20 46.84 46.93 48.33 18.78 31.03 37.39
38.32 29.56 43.64 42.75 43.20 46.10 25.24 29.81 34.98
Operating Profit 7.12 4.58 0.56 4.09 3.73 2.23 -6.46 1.22 2.41
OPM % 15.67% 13.42% 1.27% 8.73% 7.95% 4.61% -34.40% 3.93% 6.45%
1.16 0.64 0.80 0.94 1.08 0.78 0.12 0.75 0.74
Interest 1.09 0.71 0.55 0.59 0.70 0.44 0.40 0.48 0.40
Depreciation 1.93 1.05 1.06 1.06 1.05 1.07 1.07 1.07 1.07
Profit before tax 5.26 3.46 -0.25 3.38 3.06 1.50 -7.81 0.42 1.68
Tax % 52.09% -0.29% 0.00% -1.18% 87.91% 28.00% 0.64% -11.90% -104.17%
Net Profit 2.52 3.48 -0.24 3.42 0.37 1.08 -7.76 0.47 3.44
EPS in Rs 1.05 1.39 -0.10 1.37 0.15 0.43 -3.10 0.19 1.38
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15 58 86 93 101 109 110 172 136
13 50 77 85 95 108 104 159 136
Operating Profit 2 8 9 8 6 1 5 13 -1
OPM % 14% 14% 10% 8% 6% 1% 5% 8% -0%
0 1 0 6 4 2 1 3 2
Interest 1 2 3 2 3 3 3 3 2
Depreciation 1 4 4 4 4 4 4 4 4
Profit before tax 0 3 3 8 4 -5 -0 10 -4
Tax % 282% 23% 4% -6% 42% -25% 789% 27% 34%
Net Profit -1 3 3 9 2 -6 1 7 -3
EPS in Rs -0.25 1.11 1.08 3.56 0.90 -2.29 0.50 2.79 -1.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 8%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: -140%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 124%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 5%
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
20 24 24 24 25 25 25 25 25
Reserves -1 2 2 11 16 10 11 18 16
45 44 42 37 33 28 25 26 18
6 4 7 7 11 11 12 27 18
Total Liabilities 70 75 75 79 85 74 73 96 76
54 58 56 52 49 50 46 43 39
CWIP 0 0 0 0 5 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0
17 17 19 26 31 24 27 53 37
Total Assets 70 75 75 79 85 74 73 96 76

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 12 6 7 9 8 6 2 10
-44 -8 -1 -0 -5 -0 -1 -0 -0
35 -5 -5 -7 -3 -8 -6 -2 -10
Net Cash Flow 1 -2 -0 0 0 -0 -0 -0 -0

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 50 13 24 20 18 15 10 2 33
Inventory Days 153 78 56 63 61 40 65 88 53
Days Payable 106 11 21 17 27 21 31 36 45
Cash Conversion Cycle 97 80 60 66 52 34 44 54 41
Working Capital Days 109 42 29 50 52 31 54 62 48
ROCE % 9% 8% 15% 9% -2% 4% 19% -4%

Shareholding Pattern

Numbers in percentages

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
46.06 46.06 46.06 46.06 46.06 47.07 49.19 50.49 50.59 50.61 43.74 43.74
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.06 0.00
53.94 53.94 53.94 53.94 53.94 52.93 50.81 49.51 49.40 49.33 56.19 56.25

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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DRHP

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