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

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]

  • 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

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
127.17 236.08 168.36 286.07 204.63 91.64 130.45
125.38 234.38 165.96 282.26 199.35 88.31 124.75
Operating Profit 1.79 1.70 2.40 3.81 5.28 3.33 5.70
OPM % 1.41% 0.72% 1.43% 1.33% 2.58% 3.63% 4.37%
1.58 0.76 4.94 5.51 0.99 0.30 0.94
Interest 0.72 0.19 0.21 0.56 0.17 0.11 0.12
Depreciation 0.10 0.12 0.14 0.14 0.11 0.30 0.32
Profit before tax 2.55 2.15 6.99 8.62 5.99 3.22 6.20
Tax % 17.25% 26.51% 22.75% 26.80% 25.71% 28.57% 24.35%
Net Profit 2.12 1.57 5.40 6.32 4.45 2.29 4.70
EPS in Rs 0.11 0.08 0.27 0.32 0.23 0.12 0.24
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

22 recently
Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
73.26 73.26 73.26 73.26 73.26 73.26 73.26 72.37 72.37 72.37 72.37 69.65
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.04 10.02 10.93 11.63
26.74 26.74 26.74 26.74 26.74 26.74 26.74 27.63 21.58 17.60 16.69 18.71

* 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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