Akshar Spintex Ltd.

6.90 -0.36 ▼-5.0%

05 December 2023, 04:01:00 PM
Volume: 1,350,980

Company Profile

Sector Textile Compare with Sector peers
Industry Textile Compare with Industry peers
Website http://www.aksharspintex.in
Market Cap 172.49 Cr.
Enterprise Value(EV) 189.77 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 0.23 Trailing Twelve Months Ending 2023-09
Price-Earning Ratio (PE) 30.20 Trailing Twelve Months Ending 2023-09
Industry PE 72.91 Trailing Twelve Months Ending 2023-09
Book Value / Share 1.70 Trailing Twelve Months Ending 2023-09
Price to Book Value 4.06 Calculated using Price: 6.90
Dividend Yield 0.00 Period Ending 2023-03
No. of Shares Subscribed 25.00 Cr. 249,990,000 Shares
FaceValue 1
About Akshar Spintex Ltd.
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.

Akshar Spintex Ltd. Delivery

Delivered Qty
Traded Qty

Akshar Spintex Ltd. Performance

1 Day
-4.96%
1 Week
-4.17%
1 Month
+5.67%
3 Month
-5.99%
6 Month
-1.15%
1 Year
+4.23%
2 Year
+94.92%
5 Year
+230.14%
10 Year

Akshar Spintex Ltd. Fundamental Ratios

9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) -8.24 1.07 10.46 28.28 5.96 -15.13 3.49 17.67 -6.59
Return on Capital Employed (%) 6.50 12.90 7.79 14.91 8.93 -2.09 3.77 18.80 -3.67
Return on Assets (%) -1.79 0.32 3.50 11.13 2.75 -7.22 1.68 8.45 -3.27

Akshar Spintex Ltd. Balance Sheet

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 19 23 26 35 41 35 36 43 41 43
Non Curr. Liab. 36 38 32 26 23 17 16 13 8 7
Curr. Liab. 14 11 17 18 20 22 21 37 27 25
Minority Int.
Equity & Liab. 70 72 75 79 85 74 73 93 76 75
Non Curr. Assets 54 58 57 54 55 51 48 44 40 39
Curr. Assets 16 14 18 25 29 23 25 49 36 36
Misc. Exp. not W/O 0 0
Total Assets 70 72 75 79 85 74 73 93 76 75

Akshar Spintex Ltd. Profit and Loss

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09 Rs. Cr. TTM
Net Sales 18 64 86 93 101 109 110 172 136 150
Other Income 0 0 0 6 4 2 1 3 2 3
Total Income 18 64 86 100 105 111 112 176 138 154
Total Expenditure -14 -52 -77 -85 -95 -108 -105 -159 -136 -143
PBIDT 4 12 9 14 10 3 6 16 2 10
Interest -3 -6 -3 -2 -3 -3 -3 -3 -2 -2
Depreciation -1 -4 -4 -4 -4 -4 -4 -4 -4 -4
Taxation -1 -2 0 1 -2 -1 1 -3 1 1
Exceptional Items 0
PAT -1 0 3 9 2 -6 1 7 -3 6
Adjusted EPS 0 0 0 0 0 0 0 0 0 0

Akshar Spintex Ltd. Cash Flow

Particulars 10 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. -8 10 12 6 7 9 8 6 3 10
Cash Fr. Inv. -13 -44 -8 -1 0 -5 0 -1 -1 0
Cash Fr. Finan. 24 35 -5 -5 -7 -3 -8 -6 -2 -10
Net Change 2 1 -2 0 0 0 0 0 0 0
Cash & Cash Eqvt 2 3 1 0 0 0 0 0 0 0

Akshar Spintex Ltd. Shareholding Pattern

9 Qtrs 2021-09 (%) 2021-12 (%) 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%)
Promoter 47.07 49.19 50.49 50.60 50.62 43.75 43.75 43.75 43.75
Public 52.93 50.81 49.51 49.40 49.38 56.25 56.25 56.25 56.25
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

Akshar Spintex Ltd. Announcements

Tue, 28 Nov 2023
Board Meeting Intimation for To Consider And Approve The Issue Of Bonus Shares To Declare Interim Dividend And To Consider The Buy Back Of Shares
Akshar Spintex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/12/2023 inter alia to consider and approve To Consider and approve the Issue of Bonus shares to declare interim dividend and to consider the Buy Back of Shares
Tue, 28 Nov 2023
Closure of Trading Window
closure of trading window
Thu, 23 Nov 2023
Revised Announcement Of Significant International Order
Revised Announcement of significant International Order

Akshar Spintex Ltd. Technical Scans

Tue, 05 Dec 2023
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 2 Days Closing Below Previous Low for 2 Days
Making Lower Lows for 2 Days Making Lower Lows for 2 Days
High Increase in 1 Month High Increase in 1 Month

Akshar Spintex Ltd. Related Stocks

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Vedant Fashions Ltd. 34,782.95 1,432.45 +2.5%
K.P.R. Mill Ltd. 29,399.42 857.70 -1.2%
Trident Ltd. 18,544.18 36.39 -0.2%
Welspun Living Ltd. 15,738.44 161.95 +3.6%
Lakshmi Machine Works Ltd. 14,737.95 13,777.00 +3.0%
Vardhman Textiles Ltd. 11,932.80 408.50 +0.4%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Page Industries Ltd. Standalone 2023-09 80.39 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-09 86.98 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-09 37.27 857.70 -1.2%
Trident Ltd. Consolidated 2023-09 40.48 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-09 29.92 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-09 35.43 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-09 22.43 408.50 +0.4%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Page Industries Ltd. Standalone 2023-09 26.83 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-09 26.19 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-09 7.27 857.70 -1.2%
Trident Ltd. Consolidated 2023-09 4.47 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-09 3.75 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-09 5.81 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-09 1.35 408.50 +0.4%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Page Industries Ltd. Standalone 2023-03 0.18 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-03 0.00 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-03 0.36 857.70 -1.2%
Trident Ltd. Consolidated 2023-03 0.33 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-03 0.58 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-03 0.00 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-03 0.20 408.50 +0.4%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Page Industries Ltd. Standalone 2023-03 46.45 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-03 34.74 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-03 23.62 857.70 -1.2%
Trident Ltd. Consolidated 2023-03 10.99 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-03 5.03 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-03 17.74 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-03 9.90 408.50 +0.4%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Page Industries Ltd. Standalone 2023-03 46.45 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-03 34.74 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-03 23.62 857.70 -1.2%
Trident Ltd. Consolidated 2023-03 10.99 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-03 5.03 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-03 17.74 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-03 9.90 408.50 +0.4%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2023-03 5,000.61 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-03 1,354.93 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-03 6,185.88 857.70 -1.2%
Trident Ltd. Consolidated 2023-03 6,332.26 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-03 8,093.76 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-03 4,719.15 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-03 10,137.49 408.50 +0.4%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2023-03 571.25 36,807.75 -1.8%
Vedant Fashions Ltd. Consolidated 2023-03 429.11 1,432.45 +2.5%
K.P.R. Mill Ltd. Consolidated 2023-03 814.10 857.70 -1.2%
Trident Ltd. Consolidated 2023-03 441.61 36.39 -0.2%
Welspun Living Ltd. Consolidated 2023-03 202.51 161.95 +3.6%
Lakshmi Machine Works Ltd. Consolidated 2023-03 384.02 13,777.00 +3.0%
Vardhman Textiles Ltd. Consolidated 2023-03 804.75 408.50 +0.4%

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