Akshar Spintex Ltd

Akshar Spintex Ltd

₹ 2.62 1.16%
21 Jun - close price
About

Incorporated in 2013, Akshar Spintex Ltd
does manufacturing and trading of spun
cotton yarn[1]

Key Points

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

  • Market Cap 78.6 Cr.
  • Current Price 2.62
  • High / Low 7.08 / 2.10
  • Stock P/E 22.7
  • Book Value 1.46
  • Dividend Yield 0.32 %
  • ROCE 10.5 %
  • ROE 8.19 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -25.5%
  • Promoter holding is low: 12.0%
  • Company has a low return on equity of 6.20% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.96 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 Jun 2023 Sep 2023 Dec 2023 Mar 2024
45.44 34.14 44.20 46.84 46.93 48.33 18.78 31.03 37.39 38.45 43.57 44.80 48.13
38.32 29.56 43.64 42.75 43.20 46.10 25.24 29.81 34.98 36.69 41.74 42.99 45.79
Operating Profit 7.12 4.58 0.56 4.09 3.73 2.23 -6.46 1.22 2.41 1.76 1.83 1.81 2.34
OPM % 15.67% 13.42% 1.27% 8.73% 7.95% 4.61% -34.40% 3.93% 6.45% 4.58% 4.20% 4.04% 4.86%
1.16 0.64 0.80 0.94 1.08 0.78 0.12 0.75 0.74 0.87 0.86 0.52 0.70
Interest 1.09 0.71 0.55 0.59 0.70 0.44 0.40 0.48 0.40 0.30 0.36 0.29 0.39
Depreciation 1.93 1.05 1.06 1.06 1.05 1.07 1.07 1.07 1.07 1.07 1.07 1.07 1.12
Profit before tax 5.26 3.46 -0.25 3.38 3.06 1.50 -7.81 0.42 1.68 1.26 1.26 0.97 1.53
Tax % 52.09% -0.29% 0.00% -1.18% 87.91% 28.00% 0.64% -11.90% -104.17% 28.57% 28.57% 27.84% 37.25%
2.52 3.48 -0.24 3.42 0.37 1.08 -7.76 0.47 3.44 0.90 0.90 0.70 0.96
EPS in Rs 0.09 0.12 -0.01 0.11 0.01 0.04 -0.26 0.02 0.11 0.03 0.03 0.02 0.03
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
15 58 86 93 101 109 110 172 136 175
13 50 77 85 95 108 104 159 136 167
Operating Profit 2 8 9 8 6 1 5 13 -0 8
OPM % 14% 14% 10% 8% 6% 1% 5% 8% -0% 4%
0 1 0 6 4 2 1 3 2 3
Interest 1 2 3 2 3 3 3 3 2 1
Depreciation 1 4 4 4 4 4 4 4 4 4
Profit before tax 0 3 3 8 4 -5 -0 10 -4 5
Tax % 282% 23% 4% -6% 42% -25% 789% 27% 34% 31%
-1 3 3 9 2 -6 1 7 -3 3
EPS in Rs -0.02 0.09 0.09 0.30 0.07 -0.19 0.04 0.23 -0.09 0.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 9%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 17%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 41%
TTM: 225%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 43%
1 Year: -51%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 6%
Last Year: 8%

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

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
10 12 6 7 9 8 6 3 10 5
-44 -8 -1 -0 -5 -0 -1 -1 -0 -4
35 -5 -5 -7 -3 -8 -6 -2 -10 -0
Net Cash Flow 1 -2 -0 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 Mar 2024
Debtor Days 50 13 24 20 18 15 10 2 33 10
Inventory Days 153 78 56 63 61 40 65 88 53 60
Days Payable 106 11 21 17 27 21 31 36 45 21
Cash Conversion Cycle 97 80 60 66 52 34 44 54 41 50
Working Capital Days 109 42 29 50 52 31 54 55 48 45
ROCE % 9% 8% 15% 9% -2% 4% 19% -4%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.06% 47.07% 49.19% 50.49% 50.59% 50.61% 43.74% 43.74% 43.74% 43.75% 37.57% 12.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.06% 0.00% 0.00% 0.00% 0.01% 0.01%
53.94% 52.93% 50.81% 49.51% 49.40% 49.33% 56.19% 56.25% 56.25% 56.26% 62.41% 87.96%
No. of Shareholders 6595414683456611,0803,9652,4032,1803,33232,39295,076

* 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.

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