| Sector |
Textile
|
Compare with Sector peers |
| Industry |
Textile
|
Compare with Industry peers |
| Website | http://www.aksharspintex.in | |
| Financial Indicators | ||
|---|---|---|
| Market Cap | 40.77 Cr. | |
| Earnings per share (EPS) | 0.50 | Trailing Twelve Months Ending 2021-03 |
| Price-Earning Ratio (PE) | 32.80 | Trailing Twelve Months Ending 2021-03 |
| Industry PE | 26.45 | Trailing Twelve Months Ending 2021-03 |
| Book Value / Share | 14.01 | Trailing Twelve Months Ending 2021-03 |
| Price to Book Value | 1.16 | Calculated using Price: 16.31 |
| Dividend Yield | 0.00 | Period Ending 2020-03 |
| No. of Shares Subscribed | 2.50 Cr. | 24,999,000 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
The company was originally incorporated as ‘Akshar Spintex Private Limited’ at Jamnagar, Gujarat as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 19, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the Company was converted into a Public Limited Company pursuant to shareholders’ resolution passed in the Extra-ordinary General Meeting held on December 26, 2017 and the name of the Company was changed to ‘Akshar Spintex Limited’, vide a fresh Certificate of Incorporation dated January 5, 2018, issued by Registrar of Companies, Gujarat. The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles. Plant is located at Kalavad, District Rajkot, Gujarat. The company is promoted by Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan. They have sound knowledge and experience in the industry in which they operate. Their Promoters have sound knowledge of manufacturing process, marketing, finance and all kind of other commercial activities related to the cotton textile industry including but not limited to manufacturing and marketing of raw cotton, Cotton bales, Cotton seeds, yarn and by-products. Business area of the company Akshar Spintex Limited is engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn. The company’s activities include manufacturing, marketing of raw cotton, cotton bales, cotton seeds, yard and by-products. Plant is located in vicinity of main raw material i.e. sankar cotton. Major Events and Milestones
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Company Profile
The company was originally incorporated as ‘Akshar Spintex Private Limited’ at Jamnagar, Gujarat as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 19, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the Company was converted into a Public Limited Company pursuant to shareholders’ resolution passed in the Extra-ordinary General Meeting held on December 26, 2017 and the name of the Company was changed to ‘Akshar Spintex Limited’, vide a fresh Certificate of Incorporation dated January 5, 2018, issued by Registrar of Companies, Gujarat.
The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles. Plant is located at Kalavad, District Rajkot, Gujarat.
The company is promoted by Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan. They have sound knowledge and experience in the industry in which they operate. Their Promoters have sound knowledge of manufacturing process, marketing, finance and all kind of other commercial activities related to the cotton textile industry including but not limited to manufacturing and marketing of raw cotton, Cotton bales, Cotton seeds, yarn and by-products.
Business area of the company
Akshar Spintex Limited is engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn. The company’s activities include manufacturing, marketing of raw cotton, cotton bales, cotton seeds, yard and by-products. Plant is located in vicinity of main raw material i.e. sankar cotton.
Major Events and Milestones
| 1 Day |
|
|
| 1 Week |
|
+15.67% |
| 1 Month |
|
+52.29% |
| 3 Month |
|
+64.75% |
| 6 Month |
|
+37.64% |
| 1 Year |
|
+178.33% |
| 2 Year |
|
+46.28% |
| 5 Year |
|
| 7 years | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | |
| Return on Equity (%) | -8.24 | 1.07 | 10.46 | 28.28 | 5.96 | -15.13 | ||
| Return on Capital Employed (%) | 6.50 | 12.90 | 7.79 | 14.91 | 8.93 | -2.09 | ||
| Return on Assets (%) | -1.79 | 0.32 | 3.50 | 11.13 | 2.75 | -7.22 |
| Particulars | 7 years | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. |
| Shh. Funds | 5 | 19 | 23 | 26 | 35 | 41 | 35 | |
| Non Curr. Liab. | 19 | 36 | 38 | 32 | 26 | 23 | 17 | |
| Curr. Liab. | 1 | 14 | 11 | 17 | 18 | 20 | 22 | |
| Minority Int. | ||||||||
| Equity & Liab. | 25 | 70 | 72 | 75 | 79 | 85 | 74 | |
| Non Curr. Assets | 12 | 54 | 58 | 57 | 54 | 55 | 51 | |
| Curr. Assets | 11 | 16 | 14 | 18 | 25 | 29 | 23 | |
| Misc. Exp. not W/O | 1 | 0 | 0 | |||||
| Total Assets | 25 | 70 | 72 | 75 | 79 | 85 | 74 |
| Particulars | 7 years | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. |
| Net Sales | 18 | 64 | 86 | 93 | 101 | 109 | ||
| Other Income | 0 | 0 | 0 | 6 | 4 | 2 | ||
| Total Income | 18 | 64 | 86 | 100 | 105 | 111 | ||
| Total Expenditure | -14 | -52 | -77 | -85 | -95 | -108 | ||
| PBIDT | 4 | 12 | 9 | 14 | 10 | 3 | ||
| Interest | -3 | -6 | -3 | -2 | -3 | -3 | ||
| Depreciation | -1 | -4 | -4 | -4 | -4 | -4 | ||
| Taxation | -1 | -2 | 0 | 1 | -2 | -1 | ||
| Exceptional Items | 0 | |||||||
| PAT | -1 | 0 | 3 | 9 | 2 | -6 |
| Particulars | 7 years | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. |
| Cash Fr. Operatn. | -8 | 10 | 12 | 6 | 7 | 9 | 8 | |
| Cash Fr. Inv. | -13 | -44 | -8 | -1 | 0 | -5 | 0 | |
| Cash Fr. Finan. | 24 | 35 | -5 | -5 | -7 | -3 | -8 | |
| Net Change | 2 | 1 | -2 | 0 | 0 | 0 | 0 | |
| Cash & Cash Eqvt | 2 | 3 | 1 | 0 | 0 | 0 | 0 |
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Mon, 12 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
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Thu, 08 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 In accordance with Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 please find attached Certificate issued by Bigshare Services Private Limited Registrar and Share Transfer Agent of the Company for the Quarter ended on June 30 2021. |
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Thu, 01 Jul 2021
Shareholding for the Period Ended June 30 2021 Akshar Spintex Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here |
| Mon, 26 Jul 2021 |
Stock Outperforming Benchmark Index in both 1 Week and 3 Month
|
Stock Outperforming Sectoral Index in both 1 Week and 3 Month
|
Strongly Outperforming Benchmark Index
|
Strongly Outperforming Sectoral Index
|
Either SRS Or ARS Going Above Zero
|
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