Akshar Spintex Ltd

₹ 0.42 2.44%

12 Oct - close price

aksharspintex.in BSE: 541303 NSE: AKSHAR

About

Incorporated in 2013, Akshar Spintex Ltd is in the business of manufacturing and trading cotton yarns.^[1]

Key Points

Business Overview:^[1]
ASL is Gujarat based company which manufactures carded, combed and compact cotton yarn of finer quality ranging between 16s to 44s counts having 24,480 spindles

Website BSE NSE

Market Cap ₹ 33.1 Cr.
Current Price ₹ 0.42
High / Low ₹ 0.70 / 0.36
Stock P/E
Book Value ₹ 1.03
Dividend Yield 0.00 %
ROCE -10.2 %
ROE -10.6 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Stock is trading at 0.41 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 -5.16% over last 3 years.
Earnings include an other income of Rs.3.88 Cr.
Promoter holding has decreased over last 3 years: -43.5%

* 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	38.45	43.57	44.80	48.13	37.02	23.19	25.97	30.58	26.19	22.34	34.35	34.40	29.93
	36.69	41.74	42.99	45.79	35.07	24.48	28.21	31.41	26.71	22.61	39.42	33.19	27.74
Operating Profit	1.76	1.83	1.81	2.34	1.95	-1.29	-2.24	-0.83	-0.52	-0.27	-5.07	1.21	2.19
OPM %	4.58%	4.20%	4.04%	4.86%	5.27%	-5.56%	-8.63%	-2.71%	-1.99%	-1.21%	-14.76%	3.52%	7.32%
	0.87	0.86	0.52	0.70	0.64	0.39	0.39	0.85	0.50	0.47	1.62	1.22	0.57
Interest	0.30	0.36	0.29	0.39	0.36	0.32	0.28	0.13	0.12	0.11	0.10	0.09	0.07
Depreciation	1.07	1.07	1.07	1.12	1.15	1.17	1.16	1.16	1.59	1.69	1.82	1.74	1.65
Profit before tax	1.26	1.26	0.97	1.53	1.08	-2.39	-3.29	-1.27	-1.73	-1.60	-5.37	0.60	1.04
Tax %	28.57%	28.57%	27.84%	37.25%	41.67%	-33.05%	-29.18%	-10.24%	-28.32%	23.12%	-29.42%	165.00%	42.31%
	0.90	0.90	0.70	0.96	0.63	-1.60	-2.33	-1.14	-1.24	-1.97	-3.80	-0.39	0.60
EPS in Rs	0.01	0.01	0.01	0.01	0.01	-0.02	-0.03	-0.01	-0.02	-0.03	-0.05	-0.00	0.01
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	Mar 2024	Mar 2025	Mar 2026	TTM
	15	58	86	93	101	109	110	172	136	175	117	117	121
	13	50	77	85	95	108	104	159	136	167	119	122	123
Operating Profit	2	8	9	8	6	1	5	13	-0	8	-2	-5	-2
OPM %	14%	14%	10%	8%	6%	0.6%	4.7%	8%	-0.3%	4.4%	-2.0%	-3.9%	-1.6%
	0	1	0	6	4	2	1	3	2	3	2	4	4
Interest	1	2	3	2	3	3	3	3	2	1	1	0	0
Depreciation	1	4	4	4	4	4	4	4	4	4	5	7	7
Profit before tax	0	3	3	8	4	-5	-0	10	-4	5	-6	-8	-5
Tax %	282%	23%	4%	-6%	42%	25%	-789%	27%	-34%	31%	-24%	-9%
	-1	3	3	9	2	-6	1	7	-3	3	-4	-7	-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	-0.09	-0.07
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	9%	0%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	1%
3 Years:	-5%
TTM:	14%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	12%

Stock Price CAGR
10 Years:	%
5 Years:	-43%
3 Years:	-71%
1 Year:	-40%

Return on Equity
10 Years:	1%
5 Years:	-2%
3 Years:	-5%
Last Year:	-11%

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	Mar 2026
Equity Capital	20	24	24	24	25	25	25	25	25	30	79	79
Reserves	-1	2	2	11	16	10	11	18	16	14	9	2
	45	44	42	37	33	28	25	26	18	19	6	5
	6	4	7	7	11	11	12	24	18	11	4	10
Total Liabilities	70	75	75	79	85	74	73	93	76	74	98	96
	54	58	56	52	49	50	46	43	39	39	37	40
CWIP	0	0	0	0	5	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	17	17	19	26	31	24	27	50	37	34	61	56
Total Assets	70	75	75	79	85	74	73	93	76	74	98	96

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	Mar 2026
	10	12	6	7	9	8	6	3	10	5	-32	2
	-44	-8	-1	-0	-5	-0	-1	-1	-0	-4	-2	-8
	35	-5	-5	-7	-3	-8	-6	-2	-10	-0	35	-1
Net Cash Flow	1	-2	-0	0	0	-0	-0	-0	-0	-0	1	-7
Free Cash Flow	-33	3	4	7	3	8	6	2	10	0	-34	-6
CFO/OP	469%	151%	69%	91%	152%	1,161%	123%	30%	-2,329%	63%	1,331%	-39%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	50	13	24	20	18	15	10	2	33	10	24	16
Inventory Days	153	78	56	63	61	40	65	88	53	60	155	139
Days Payable	106	11	21	17	27	21	31	36	45	21	8	29
Cash Conversion Cycle	97	80	60	66	52	34	44	54	41	50	171	126
Working Capital Days	-33	28	5	28	31	1	15	26	23	25	154	121
ROCE %		9%	8%	15%	9%	-2%	4%	19%	-4%	11%	-6%	-10%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Installed Capacity (Cotton Yarn)
Metric Tonnes per Annum

x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
		xx,xxx		xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
		xxx			xxx	xxx	xxx	xxx		xxx
		xx.xx	xx.xx			xx.xx	xx.xx
						x,xxx.xx	x,xxx.xx	x,xxx.xx

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Number of Spindles
spindles

Actual Production (Cotton Yarn)
Metric Tonnes

Capacity Utilization (Cotton Yarn)
%

Number of Permanent Employees
employees

Top 5 Customer Concentration
% of TOI

Value-Added Yarn Sales Volume
Tonnes

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	37.57%	12.04%	11.62%	0.72%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	62.41%	87.96%	88.38%	99.28%	99.72%	99.72%	99.72%	99.72%	99.71%	99.72%	99.73%	99.71%
No. of Shareholders	32,392	95,076	99,399	1,10,102	1,34,055	1,48,333	1,47,891	1,47,519	1,44,736	1,42,952	1,41,087	1,38,894

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	46.06%	46.06%	46.06%	50.49%	43.74%	12.04%	0.27%	0.27%	0.27%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%
	53.94%	53.94%	53.94%	49.51%	56.25%	87.96%	99.72%	99.72%	99.71%
No. of Shareholders	821	731	662	345	2,403	95,076	1,48,333	1,42,952	1,38,894

* 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.

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Akshar Spintex Ltd

Akshar Spintex Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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