Axita Cotton Ltd
₹ 297
0.19%
16 Aug
11:37 a.m.
About
Axita Cotton Limited is engaged in the business of manufacturing, processing and finishing of cotton bales and cotton seeds. [1]
Key Points
- Market Cap ₹ 584 Cr.
- Current Price ₹ 297
- High / Low ₹ 305 / 36.3
- Stock P/E 40.1
- Book Value ₹ 11.1
- Dividend Yield 0.00 %
- ROCE 59.0 %
- ROE 66.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.2%
Cons
- Stock is trading at 26.8 times its book value
- Earnings include an other income of Rs.6.75 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 - Products
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| 123 | 213 | 484 | 619 | 823 | |
| 120 | 210 | 481 | 610 | 808 | |
| Operating Profit | 3 | 3 | 4 | 9 | 15 |
| OPM % | 2% | 1% | 1% | 1% | 2% |
| 1 | 0 | 0 | 0 | 7 | |
| Interest | 2 | 2 | 3 | 3 | 2 |
| Depreciation | 0 | 1 | 1 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 5 | 19 |
| Tax % | -4% | 32% | 35% | 31% | 25% |
| Net Profit | 1 | 0 | 0 | 4 | 15 |
| EPS in Rs | 1.53 | 0.23 | 0.18 | 1.89 | 7.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 216% |
| TTM: | 290% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 119% |
| 1 Year: | 680% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| Last Year: | 67% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| 2 | 7 | 13 | 13 | ||
| Reserves | 1 | 11 | 5 | 9 | |
| 17 | 15 | 15 | 14 | ||
| 2 | 5 | 32 | 71 | ||
| Total Liabilities | 23 | 38 | 64 | 107 | |
| 4 | 4 | 3 | 3 | ||
| CWIP | 0 | 0 | 0 | 0 | |
| Investments | 0 | 0 | 0 | 0 | |
| 18 | 34 | 61 | 104 | ||
| Total Assets | 23 | 38 | 64 | 107 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| 1 | -11 | 6 | 9 | -4 | |
| -0 | -0 | -0 | -0 | 1 | |
| 0 | 11 | -3 | -2 | -3 | |
| Net Cash Flow | 0 | 0 | 2 | 7 | -6 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| Debtor Days | 32 | 18 | 31 | 42 | |
| Inventory Days | 20 | 18 | 4 | 6 | |
| Days Payable | 1 | 6 | 21 | 34 | |
| Cash Conversion Cycle | 50 | 30 | 14 | 14 | |
| Working Capital Days | 46 | 48 | 19 | 13 | |
| ROCE % | 9% | 11% | 26% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15h - Submission of copies of Newspaper Publication of Financial Results for Quarter ended on June 30, 2022.
- Corporate Action-Outcome of Sub division / Stock Split 12 Aug
- Outcome Of Financial Result 12 Aug
- Board Meeting Outcome for Outcome Of Board Meeting 12 Aug
- Corporate Action-Intimation of Sub division / Stock Split 25 Jul
Products
The Co produces Cotton seeds and mainly two varieties of cotton bales, Shankar-6 and MCU-5/MECH. It also does ginning, pressing and trading of Kapas on a job work basis. It also produces Specialty Cotton which includes BCI Cotton, Organic Cotton and Primark Sustainable Cotton. [1][2]