Akshar Spintex Ltd.
Snapshot View

16.31 ▼0%

26 July 2021, 04:00:00 P.M.

Overview View Details

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

  • 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
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

Balance Sheet View Details

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

Profit Loss View Details

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

Cash Flow View Details

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

Shareholding Pattern View Details

8 Qtrs 2017-09 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%) 2021-06 (%)
Promoter 63.23 46.06 46.06 46.06 46.06 46.06 46.06 46.06
Public 36.77 53.94 53.94 53.94 53.94 53.94 53.94 53.94
Depository Receipts 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

Announcements View Details

Mon, 12 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- KISHOR KIKANI
Designation :- Company Secretary and Compliance Officer
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.
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

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral 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 Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Either SRS Or ARS Going Above Zero Either SRS Or ARS Going Above Zero

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