Akshar Spintex Ltd

₹ 67.0 1.28%
05 Dec 4:01 p.m.
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]

  • Market Cap 168 Cr.
  • Current Price 67.0
  • High / Low 134 / 27.4
  • Stock P/E 24.1
  • Book Value 14.6
  • Dividend Yield 0.00 %
  • ROCE 18.7 %
  • ROE 17.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

  • Stock is trading at 4.59 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.17% over last 3 years.

* 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2017 Jun 2021 Sep 2021 Mar 2022 Jun 2022 Sep 2022
45.44 34.14 44.20 46.93 48.33 18.78
38.32 29.56 43.64 43.20 46.10 25.24
Operating Profit 7.12 4.58 0.56 3.73 2.23 -6.46
OPM % 15.67% 13.42% 1.27% 7.95% 4.61% -34.40%
1.16 0.64 0.80 1.08 0.78 0.12
Interest 1.09 0.71 0.55 0.70 0.44 0.40
Depreciation 1.93 1.05 1.06 1.05 1.07 1.07
Profit before tax 5.26 3.46 -0.25 3.06 1.50 -7.81
Tax % 52.09% -0.29% -0.00% 87.91% 28.00% 0.64%
Net Profit 2.52 3.48 -0.24 0.37 1.08 -7.76
EPS in Rs 1.05 1.39 -0.10 0.15 0.43 -3.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
15 58 86 93 101 109 110 172
13 50 77 85 95 108 104 159
Operating Profit 2 8 9 8 6 1 5 13
OPM % 14% 14% 10% 8% 6% 1% 5% 8%
0 1 0 6 4 2 1 3
Interest 1 2 3 2 3 3 3 3
Depreciation 1 4 4 4 4 4 4 4
Profit before tax 0 3 3 8 4 -5 -0 10
Tax % 282% 23% 4% -6% 42% -25% 789% 27%
Net Profit -1 3 3 9 2 -6 1 7
EPS in Rs -0.25 1.11 1.08 3.56 0.90 -2.29 0.50 2.79
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 20%
TTM: 57%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: 46%
TTM: 460%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 88%
1 Year: 87%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 2%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
20 24 24 24 25 25 25 25 25
Reserves -1 2 2 11 16 10 11 18 12
45 44 42 37 33 28 25 26 21
6 4 7 7 11 11 12 27 8
Total Liabilities 70 75 75 79 85 74 73 96 65
54 58 56 52 49 50 46 43 41
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 24
Total Assets 70 75 75 79 85 74 73 96 65

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10 12 6 7 9 8 6 2
-44 -8 -1 -0 -5 -0 -1 -0
35 -5 -5 -7 -3 -8 -6 -2
Net Cash Flow 1 -2 -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
Debtor Days 50 13 24 20 18 15 10 2
Inventory Days 153 78 56 63 61 40 65 88
Days Payable 106 11 21 17 27 21 31 36
Cash Conversion Cycle 97 80 60 66 52 34 44 54
Working Capital Days 109 42 29 50 52 31 54 62
ROCE % 9% 8% 15% 9% -2% 4% 19%

Shareholding Pattern

Numbers in percentages

16 recently
Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
46.06 46.06 46.06 46.06 46.06 46.06 46.06 47.07 49.19 50.49 50.59 50.61
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05
53.94 53.94 53.94 53.94 53.94 53.94 53.94 52.93 50.81 49.51 49.40 49.33

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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