Akshar Spintex Ltd.
Snapshot View

72.05 +3.40 ▲5.0%

20 May 2022, 04:01:00 PM
Volume: 21,000

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile Compare with Industry peers
Website http://www.aksharspintex.in
Market Cap 180.12 Cr.
Enterprise Value(EV) 205.12 Cr. 2021-03
Financial Indicators
Earnings per share (EPS) 0.50 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 144.96 Trailing Twelve Months Ending 2021-03
Industry PE 20.59 Trailing Twelve Months Ending 2021-03
Book Value / Share 14.50 Trailing Twelve Months Ending 2021-03
Price to Book Value 4.97 Calculated using Price: 72.05
Dividend Yield 0.00 Period Ending 2021-03
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

  • 2013: Incorporation of the company as a private Limited company under the name and style of Akshar Spintex Private Limited.
  • 2018: Conversion of company from Private Limited Company to Public Limited Company.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.95%
1 Week
+18.31%
1 Month
+12.58%
3 Month
+74.88%
6 Month
+98.76%
1 Year
+555.60%
2 Year
+1069.64%
5 Year
10 Year
8 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) -8.24 1.07 10.46 28.28 5.96 -15.13 3.49
Return on Capital Employed (%) 6.50 12.90 7.79 14.91 8.93 -2.09 3.77
Return on Assets (%) -1.79 0.32 3.50 11.13 2.75 -7.22 1.68

Balance Sheet View Details

Particulars 8 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. 2021-03 Rs. Cr.
Shh. Funds 5 19 23 26 35 41 35 36
Non Curr. Liab. 19 36 38 32 26 23 17 16
Curr. Liab. 1 14 11 17 18 20 22 21
Minority Int.
Equity & Liab. 25 70 72 75 79 85 74 73
Non Curr. Assets 12 54 58 57 54 55 51 48
Curr. Assets 11 16 14 18 25 29 23 25
Misc. Exp. not W/O 1 0 0
Total Assets 25 70 72 75 79 85 74 73

Profit Loss View Details

Particulars 8 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. 2021-03 Rs. Cr.
Net Sales 18 64 86 93 101 109 110
Other Income 0 0 0 6 4 2 1
Total Income 18 64 86 100 105 111 112
Total Expenditure -14 -52 -77 -85 -95 -108 -105
PBIDT 4 12 9 14 10 3 6
Interest -3 -6 -3 -2 -3 -3 -3
Depreciation -1 -4 -4 -4 -4 -4 -4
Taxation -1 -2 0 1 -2 -1 1
Exceptional Items 0
PAT -1 0 3 9 2 -6 1
Adjusted EPS 0 0 1 4 1 -2 1

Cash Flow View Details

Particulars 8 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. -8 10 12 6 7 9 8 6
Cash Fr. Inv. -13 -44 -8 -1 0 -5 0 -1
Cash Fr. Finan. 24 35 -5 -5 -7 -3 -8 -6
Net Change 2 1 -2 0 0 0 0 0
Cash & Cash Eqvt 2 3 1 0 0 0 0 0

Shareholding Pattern View Details

9 Qtrs 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 46.06 46.06 46.06 46.06 46.06 46.06 47.07 49.19 50.49
Public 53.94 53.94 53.94 53.94 53.94 53.94 52.93 50.81 49.51
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 20 May 2022
Migration Of Equity Shares Of Akshar Spintex Limited From SME Platform Of BSE Limited To Main Board Of BSE Limited And Listing & Trading At Main Board Of National Stock Exchange Of India Limited.
Dear Sir/Madam Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015 we hereby inform you that BSE has issued Circular for the Migration Vide Circular No. 20220519-12 dated May 19th 2022 and we have also received the Letter from Bombay Stock Exchange Limited dated May 20th 2022 stating that Company will be migrated & admitted to dealing on the Main Board of Bombay Stock Exchange Limited.Simultaneously we have also received the Letter from National Stock Exchange of India Limited dated May 19th 2022 stating that Equity Shares of the Company shall be listed and admitted to dealings on National Stock Exchange of India Limited.We are enclosing herewith both the letters and circular.We Request you to kindly take the same on your records.
Sat, 14 May 2022
Board Meeting Intimation for Prior Intimation Of Meeting Of The Board Of Directors Of AKSHAR SPINTEX LIMITED
Akshar Spintex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2022 inter alia to consider and approve Akshar Spintex Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2022 inter alia to consider and approve the following businesses:1. Audited Standalone Financial Results along with audit report thereon for the Half Year/Year ended on 31.03.2022.2. Appointment of M/s. Piyush Jethva Practicing Company Secretaries as a Secretarial Auditor of the Company for the financial year 2022-23.3. Appointment of M/s. Mitesh Suvagiya & Co. Practicing Cost Accountant as a Cost Auditor of the Company for the financial year 2022-23.4. Appointment of Mr. Mehulkumar Parmar as an Internal Auditor of the company for the financial year 2022-23.5. Approval of Statement of Assets and Liabilities as at the end of the Half Year/Year.6. Any other business(s) with permission of Chair if any.
Tue, 19 Apr 2022
Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Akshar Spintex Ltd has informed BSE regarding the details of Voting results of Postal Ballot under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here

Technical Scans View Details

Fri, 20 May 2022
High Delivery Percentage High Delivery Percentage
Close Crossing Last Month High Close Crossing Last Month High
Close Crossing 52 Week High Close Crossing 52 Week High
Opening at Low Opening at Low
Opening at Low for 3 days Opening at Low for 3 days

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