Axita Cotton Ltd
Incorporated in 2013, Axita Cotton Ltd is in the business of manufacturing, trading, processing, and finishing of cotton bales and yarn[1]
- Market Cap ₹ 331 Cr.
- Current Price ₹ 9.53
- High / Low ₹ 21.3 / 9.42
- Stock P/E 45.4
- Book Value ₹ 1.97
- Dividend Yield 1.38 %
- ROCE 37.9 %
- ROE 34.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 113% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
Cons
- Promoter holding has decreased over last 3 years: -30.4%
* 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 - Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 123 | 213 | 484 | 619 | 818 | 548 | 1,102 | 734 | |
| 120 | 210 | 481 | 610 | 808 | 525 | 1,075 | 723 | |
| Operating Profit | 3 | 3 | 4 | 9 | 10 | 23 | 27 | 11 |
| OPM % | 2% | 1% | 1% | 1% | 1% | 4% | 2% | 2% |
| 1 | 0 | 0 | 0 | 13 | 2 | 2 | 2 | |
| Interest | 2 | 2 | 3 | 3 | 2 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 5 | 20 | 23 | 27 | 11 |
| Tax % | -4% | 32% | 35% | 31% | 24% | 26% | 25% | |
| 1 | 0 | 0 | 4 | 15 | 17 | 20 | 8 | |
| EPS in Rs | 0.09 | 0.01 | 0.01 | 0.11 | 0.44 | 0.49 | 0.58 | 0.22 |
| Dividend Payout % | -0% | -0% | -0% | -0% | 6% | 12% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 21% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 113% |
| 3 Years: | 76% |
| TTM: | -65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 1% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 40% |
| Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 7 | 13 | 13 | 20 | 20 | 26 | 35 |
| Reserves | 1 | 11 | 5 | 9 | 17 | 33 | 38 | 34 |
| 17 | 15 | 15 | 14 | -0 | 6 | 25 | 5 | |
| 2 | 5 | 32 | 71 | 72 | 22 | 8 | 50 | |
| Total Liabilities | 23 | 38 | 64 | 107 | 109 | 81 | 98 | 124 |
| 4 | 4 | 3 | 3 | 3 | 10 | 9 | 8 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 |
| 18 | 34 | 61 | 104 | 106 | 71 | 89 | 116 | |
| Total Assets | 23 | 38 | 64 | 107 | 109 | 81 | 98 | 124 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 1 | -11 | 6 | 4 | 9 | 7 | -13 | |
| -0 | -0 | -0 | -0 | -0 | -1 | 1 | |
| 0 | 11 | -3 | -2 | -16 | -2 | 10 | |
| Net Cash Flow | 0 | 0 | 2 | 1 | -6 | 5 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 18 | 31 | 42 | 33 | 29 | 13 |
| Inventory Days | 20 | 18 | 4 | 6 | 2 | 5 | 7 |
| Days Payable | 1 | 6 | 21 | 34 | 32 | 10 | 1 |
| Cash Conversion Cycle | 50 | 30 | 14 | 14 | 3 | 24 | 18 |
| Working Capital Days | 46 | 48 | 19 | 13 | 13 | 27 | 25 |
| ROCE % | 9% | 11% | 26% | 61% | 49% | 38% |
Documents
Announcements
-
Board Meeting Intimation for The Consideration And Approval Of The Standalone & Consolidated Financial Results Of The Company For The Quarter And Year Ended On March 31, 2025, And Other Business Matters
23m - Board meeting on May 26, 2025, to approve audited financial results for FY ended March 31, 2025.
-
Disclosure Of Approval Of Grant Of 1,72,000 Stock Options Under The Terms Of "Axita Cotton Employee Stock Options 2023" Under Correct Tab.
7 May - Granted 172,000 stock options at Rs.2 each, vesting after 1 year, exercisable within 1 year.
-
Announcement under Regulation 30 (LODR)-Date of payment of Dividend
6 May - Granted 172,000 stock options at Rs. 2 each, vesting after 1 year, exercisable for 1 year post vesting.
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Axita Cotton confirms non-applicability as Large Corporate under SEBI circulars for FY 2024-25.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
28 Apr - Ms. Shobha Bharti appointed as Non-Executive Independent Director by postal ballot on April 25, 2025.
Annual reports
Concalls
-
Jan 2023TranscriptNotesPPT
Business Overview:[1]
ACL is a part of the Axita Group. It is a manufacturer and exporter of cotton products. The company specializes in producing a wide range of cotton bales, including Shankar-6 and MCU-5/MECH varieties.