Axita Cotton Ltd
Established in 2013 Axita Cotton (ACL, The
Company) is a manufacturer and exporter of
international quality Cotton Bales & Cotton Yarn. [1]
- Market Cap ₹ 592 Cr.
- Current Price ₹ 22.7
- High / Low ₹ 62.2 / 18.5
- Stock P/E 28.2
- Book Value ₹ 2.23
- Dividend Yield 0.33 %
- ROCE 49.1 %
- ROE 38.4 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 71.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.8%
Cons
- Stock is trading at 10.2 times its book value
- Promoter holding has decreased over last quarter: -5.20%
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
123 | 213 | 484 | 619 | 818 | 553 | 1,009 | |
120 | 210 | 481 | 610 | 808 | 533 | 986 | |
Operating Profit | 3 | 3 | 4 | 9 | 10 | 19 | 23 |
OPM % | 2% | 1% | 1% | 1% | 1% | 3% | 2% |
1 | 0 | 0 | 0 | 13 | 5 | 7 | |
Interest | 2 | 2 | 3 | 3 | 2 | 0 | 0 |
Depreciation | 0 | 1 | 1 | 0 | 0 | 1 | 1 |
Profit before tax | 1 | 1 | 1 | 5 | 20 | 23 | 28 |
Tax % | -4% | 32% | 35% | 31% | 24% | 26% | |
1 | 0 | 0 | 4 | 15 | 17 | 21 | |
EPS in Rs | 0.12 | 0.02 | 0.01 | 0.14 | 0.59 | 0.65 | 0.80 |
Dividend Payout % | 0% | 0% | 0% | 0% | 64% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 4% |
TTM: | 41% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 71% |
3 Years: | 265% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 66% |
3 Years: | 125% |
1 Year: | -58% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 39% |
Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 2 | 7 | 13 | 13 | 20 | 20 | 20 |
Reserves | 1 | 11 | 5 | 9 | 17 | 33 | 39 |
17 | 15 | 15 | 14 | 0 | 6 | 6 | |
2 | 5 | 32 | 71 | 72 | 22 | 115 | |
Total Liabilities | 23 | 38 | 64 | 107 | 109 | 81 | 179 |
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 | 170 | |
Total Assets | 23 | 38 | 64 | 107 | 109 | 81 | 179 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
1 | -11 | 6 | 4 | 9 | 7 | |
-0 | -0 | -0 | -0 | -0 | -1 | |
0 | 11 | -3 | -2 | -16 | -2 | |
Net Cash Flow | 0 | 0 | 2 | 1 | -6 | 5 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 32 | 18 | 31 | 42 | 33 | 29 |
Inventory Days | 20 | 18 | 4 | 6 | 2 | 5 |
Days Payable | 1 | 6 | 21 | 34 | 32 | 10 |
Cash Conversion Cycle | 50 | 30 | 14 | 14 | 3 | 24 |
Working Capital Days | 46 | 48 | 19 | 13 | 13 | 26 |
ROCE % | 9% | 11% | 26% | 61% | 49% |
Documents
Announcements
- Board Meeting Intimation for Approval Of Financial Result For The Quarter And Year Ended On March 31, 2024 And Other Business Matter 1d
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Year Ended On March 31, 2024. 11 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Submission of certificate under regulation 74(5) of SEBI (DP) Regulation, 2018, for the quarter ended on March 31, 2024.
- Closure of Trading Window 28 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 27 Mar
Annual reports
Concalls
-
Jan 2023TranscriptNotesPPT
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]