Akshar Spintex Ltd
₹ 69.2
-1.14%
30 May
- close price
About
Akshar Spintex Limited is engaged in the business of manufacturing and trading of spun cotton yarn. [1]
Key Points
- 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
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
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% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
17h - Submission of Revised Annual Secretarial Compliance Report for the year ended 31-03-2023 Dear Sir/Madam, Pursuant to Regulation 24A of the SEBI (LODR) Regulations, 2015 read …
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Dear Sir/Madam, With reference to the above subject, please find attached herewith copy of Newspaper Advertisement dated 29th May, 2023 in Financial Express (English edition) …
- Disclosure Of Related Party Transaction Pursuant To Regulation 23 (9) Of SEBI (LODR) Regulations, 2015 27 May
- Appointment Of Secretarial Auditor And Cost Auditor Of The Company For The Financial Year 2023-2024. 27 May
- Financial Results For The Quarter & Year Ended On 31.03.2023 27 May
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]