Axita Cotton Ltd
₹ 60.6
0.75%
03 Feb
- close price
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 ₹ 1,190 Cr.
- Current Price ₹ 60.6
- High / Low ₹ 64.0 / 9.69
- Stock P/E 67.0
- Book Value ₹ 2.14
- Dividend Yield 0.08 %
- ROCE 58.7 %
- ROE 49.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Cons
- Stock is trading at 28.3 times its book value
- Promoter holding has decreased over last quarter: -2.72%
- Earnings include an other income of Rs.7.74 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
Loading peers table ...
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|
123 | 213 | 484 | 619 | 823 | 713 | |
120 | 210 | 481 | 610 | 808 | 695 | |
Operating Profit | 3 | 3 | 4 | 9 | 15 | 18 |
OPM % | 2% | 1% | 1% | 1% | 2% | 3% |
1 | 0 | 0 | 0 | 7 | 8 | |
Interest | 2 | 2 | 3 | 3 | 2 | 1 |
Depreciation | 0 | 1 | 1 | 0 | 0 | 1 |
Profit before tax | 1 | 1 | 1 | 5 | 19 | 24 |
Tax % | -4% | 32% | 35% | 31% | 25% | |
Net Profit | 1 | 0 | 0 | 4 | 15 | 18 |
EPS in Rs | 0.15 | 0.02 | 0.02 | 0.19 | 0.74 | 0.91 |
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: | 170% |
1 Year: | 527% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 28% |
Last Year: | 50% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|
2 | 7 | 13 | 13 | 20 | 20 | |
Reserves | 1 | 11 | 5 | 9 | 17 | 22 |
17 | 15 | 15 | 14 | 0 | 6 | |
2 | 5 | 32 | 71 | 73 | 34 | |
Total Liabilities | 23 | 38 | 64 | 107 | 109 | 82 |
4 | 4 | 3 | 3 | 3 | 10 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
18 | 34 | 61 | 104 | 106 | 72 | |
Total Assets | 23 | 38 | 64 | 107 | 109 | 82 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|
1 | -11 | 6 | 4 | -4 | |
-0 | -0 | -0 | -0 | 1 | |
0 | 11 | -3 | -2 | -3 | |
Net Cash Flow | 0 | 0 | 2 | 1 | -6 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|
Debtor Days | 32 | 18 | 31 | 42 | 33 |
Inventory Days | 20 | 18 | 4 | 6 | 2 |
Days Payable | 1 | 6 | 21 | 34 | 32 |
Cash Conversion Cycle | 50 | 30 | 14 | 14 | 3 |
Working Capital Days | 46 | 48 | 19 | 13 | 13 |
ROCE % | 9% | 11% | 26% | 59% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Investor Presentation
31 Jan - Investor Presentation for the Quarter and Nine Months ended on December 31, 2022.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jan - Copies of newspaper advertisement of Financial Results of the Company for the quarter and nine-months ended on December 31, 2022 published in following newspaper on …
- RESULTS - FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED ON DECEMBER 31, 2022 28 Jan
- Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Saturday, January 28, 2023 28 Jan
-
Announcement under Regulation 30 (LODR)-Resignation of Director
17 Jan - Clarification from the Company with response to announcement dated June 30, 2022 informing about resignation of Mrs. Pinaben Bharatkumar Patel as an Independent Director
Annual reports
Concalls
-
Jan 2023TranscriptPPT
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]