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

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 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

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Jun 2021 Mar 2022 Jun 2022
127.17 286.07 204.63
125.38 282.26 199.35
Operating Profit 1.79 3.81 5.28
OPM % 1.41% 1.33% 2.58%
1.58 5.51 0.99
Interest 0.72 0.56 0.17
Depreciation 0.10 0.14 0.11
Profit before tax 2.55 8.62 5.99
Tax % 17.25% 26.80% 25.71%
Net Profit 2.12 6.32 4.45
EPS in Rs 1.08 3.22 2.26

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%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Jun 2022
73.26 73.26 73.26 73.26 73.26 73.26 72.37 72.37 72.37
0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.04 10.02
26.74 26.74 26.74 26.74 26.74 26.74 27.63 21.58 17.60

Documents