Axita Cotton Ltd

Axita Cotton Ltd

₹ 22.2 3.02%
14 Jun - close price
About

Established in 2013 Axita Cotton (ACL, The
Company) is a manufacturer and exporter of
international quality Cotton Bales & Cotton Yarn. [1]

Key Points

Business Overview:{#
Company promoter started their journey in the year 2007 as a producer and exporter of cottonseed oil, under a partnership firm called 'Aditya Oil Industries.' {# https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac3d5978-c93d-489b-9750-16f33116c0c3.pdf #}
In 2013, Company was incorporated. Company's main business is Ginning and Pressing of Seed Cotton (Kapas) on job work basis and production of cotton bales and cotton seeds. It also trades Kapas, cotton bales and cotton seeds.[1]

  • Market Cap 578 Cr.
  • Current Price 22.2
  • High / Low 35.4 / 18.6
  • Stock P/E 28.4
  • Book Value 2.48
  • Dividend Yield 0.34 %
  • ROCE 37.9 %
  • ROE 34.8 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • 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

  • Stock is trading at 8.95 times its book value
  • Promoter holding has decreased over last quarter: -2.00%
  • Company might be capitalizing the interest cost

* 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

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
127.17 236.08 168.36 286.07 204.63 91.64 130.45 122.13 227.87 388.72 265.31 221.03
125.38 234.38 165.96 282.26 199.35 88.31 124.75 114.69 220.86 381.27 261.56 213.79
Operating Profit 1.79 1.70 2.40 3.81 5.28 3.33 5.70 7.44 7.01 7.45 3.75 7.24
OPM % 1.41% 0.72% 1.43% 1.33% 2.58% 3.63% 4.37% 6.09% 3.08% 1.92% 1.41% 3.28%
1.58 0.76 4.94 5.51 0.99 0.30 0.94 0.45 1.02 1.73 0.89 0.28
Interest 0.72 0.19 0.21 0.56 0.17 0.11 0.12 0.11 0.12 0.11 0.10 0.48
Depreciation 0.10 0.12 0.14 0.14 0.11 0.30 0.32 0.32 0.30 0.30 0.31 0.35
Profit before tax 2.55 2.15 6.99 8.62 5.99 3.22 6.20 7.46 7.61 8.77 4.23 6.69
Tax % 17.25% 26.51% 22.75% 26.80% 25.71% 28.57% 24.35% 24.93% 24.57% 25.77% 26.00% 26.01%
2.12 1.57 5.40 6.32 4.45 2.29 4.70 5.60 5.75 6.51 3.13 4.95
EPS in Rs 0.08 0.06 0.21 0.24 0.17 0.09 0.18 0.21 0.22 0.25 0.12 0.19
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
123 213 484 619 818 553 1,102
120 210 481 610 808 533 1,075
Operating Profit 3 3 4 9 10 19 27
OPM % 2% 1% 1% 1% 1% 3% 2%
1 0 0 0 13 5 2
Interest 2 2 3 3 2 0 1
Depreciation 0 1 1 0 0 1 1
Profit before tax 1 1 1 5 20 23 27
Tax % -4% 32% 35% 31% 24% 26% 25%
1 0 0 4 15 17 20
EPS in Rs 0.12 0.02 0.01 0.14 0.59 0.65 0.78
Dividend Payout % 0% 0% 0% 0% 64% 0% 13%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 21%
TTM: 99%
Compounded Profit Growth
10 Years: %
5 Years: 113%
3 Years: 76%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 127%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: 34%
3 Years: 40%
Last Year: 35%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 7 13 13 20 20 26
Reserves 1 11 5 9 17 33 38
17 15 15 14 0 6 25
2 5 32 71 72 22 8
Total Liabilities 23 38 64 107 109 81 98
4 4 3 3 3 10 9
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0
18 34 61 104 106 71 89
Total Assets 23 38 64 107 109 81 98

Cash Flows

Figures in Rs. Crores

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

Figures in Rs. Crores

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 26 25
ROCE % 9% 11% 26% 61% 49%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.26% 73.26% 72.37% 72.37% 72.37% 72.37% 69.65% 69.65% 69.97% 69.97% 64.77% 62.77%
0.00% 0.00% 0.00% 6.04% 10.02% 10.61% 11.63% 12.45% 3.43% 5.32% 0.46% 0.47%
26.74% 26.74% 27.63% 21.58% 17.60% 17.01% 18.71% 17.90% 26.60% 24.70% 34.77% 36.76%
No. of Shareholders 991181011181,2253,67618,13321,80866,07564,0571,05,4101,28,135

* 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.

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