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Acknit Industries Ltd

ACKNIT

Acknit Industries Ltd

ACKNIT
Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹97 cr, stock is ranked 3,104
High RiskStock is 3.83x as volatile as Nifty
309.003.17% (-10.10)
309.003.17% (-10.10)

Price Chart

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Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹97 cr, stock is ranked 3,104
High RiskStock is 3.83x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

Avg

Can be considered moderately valued vs the market

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹97 cr, stock is ranked 3,104
High RiskStock is 3.83x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
11.231.300.44%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
39.166.810.72%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Acknit Industries is engaged in manufacturing of all types of garments, gloves (both cotton and leather) and other apparels (both cotton and leather)

Peers

Compare with peers 
Compare with Peers

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Forecasts

Price

Revenue

Earnings

Price Forecast

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Revenue Forecast

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Earnings Per Share Forecast

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Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 4.52%, vs industry avg of 7.66%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 0.47% to 0.39%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 12.79%, vs industry avg of 6.65%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue160.54161.80164.93177.10171.36172.31216.81238.54220.91234.57
Raw Materialssubtract109.14105.4298.14101.9593.6699.02130.73139.80138.44216.31
Power & Fuel Costsubtract2.693.003.133.663.373.624.774.493.32
Employee Costsubtract4.434.665.025.955.715.576.437.097.59
Selling & Administrative Expensessubtract5.997.278.788.759.127.6413.1410.609.83
Operating & Other expensessubtract27.0429.4037.8243.2146.5042.2244.7658.0044.25
Depreciation/Amortizationsubtract1.852.332.262.272.492.903.083.323.293.32
Interest & Other Itemssubtract4.504.815.585.404.913.422.923.102.722.48
Taxes & Other Itemssubtract1.871.711.211.221.242.083.053.112.913.32
EPS10.9911.6010.3115.4314.3419.2126.0929.7028.1630.07
DPS1.501.501.501.501.501.501.501.501.501.50
Payout ratio0.140.130.150.100.100.080.060.050.050.05
See Costs

EPS and DPS in ₹. Other numbers except Payout Ratio in ₹ cr

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2014

Annual report

PDF
FY 2015

Annual Report Unavailable

FY 2016

Annual report

PDF
FY 2017

Annual report

PDF
FY 2018

Annual report

PDF
FY 2019

Annual report

PDF
FY 2020

Annual report

PDF
FY 2021

Annual report

PDF
FY 2022

Annual report

PDF
FY 2023

Annual report

PDF
FY 2024

Annual report

PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryApparel & Accessories

Valuation

Technical

Forecast

ScreenerCompare valuation on Screener

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Acknit Industries Ltd11.991.300.44%
Page Industries Ltd96.2334.300.75%
Safari Industries (India) Ltd75.3916.100.15%
Raymond Lifestyle Ltd5.645.31—

Price Comparison

Compare ACKNIT with any stock or ETF
Compare ACKNIT with any stock or ETF
ACKNIT
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 5.55%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.34%0.00%0.00%0.00%49.66%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.44%0.34%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ACKNIT has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.44%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.44 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 11, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 11, 2024

Cash Dividend

Ex DateEx DateJul 20, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Jul 20, 2023

Cash Dividend

Ex DateEx DateSep 22, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 22, 2022

Cash Dividend

Ex DateEx DateSep 16, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 16, 2021

Cash Dividend

Ex DateEx DateSep 17, 2020

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 17, 2020

News & Opinions
Earnings
Acknit Industries standalone net profit rises 8.33% in the September 2024 quarter

Net profit of Acknit Industries rose 8.33% to Rs 2.08 crore in the quarter ended September 2024 as against Rs 1.92 crore during the previous quarter ended September 2023. Sales rose 11.35% to Rs 62.39 crore in the quarter ended September 2024 as against Rs 56.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales62.3956.03 11 OPM %6.947.10 - PBDT3.723.37 10 PBT2.922.53 15 NP2.081.92 8 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Acknit Industries to convene board meeting

Acknit Industries will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Acknit Industries to conduct AGM

Acknit Industries announced that the 34th Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Acknit Industries standalone net profit rises 26.92% in the June 2024 quarter

Net profit of Acknit Industries rose 26.92% to Rs 1.98 crore in the quarter ended June 2024 as against Rs 1.56 crore during the previous quarter ended June 2023. Sales rose 14.80% to Rs 57.23 crore in the quarter ended June 2024 as against Rs 49.85 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales57.2349.85 15 OPM %7.416.80 - PBDT3.612.93 23 PBT2.722.11 29 NP1.981.56 27 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Acknit Industries to announce Quarterly Result

Acknit Industries will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Acknit Industries standalone net profit declines 10.16% in the December 2022 quarter

1 year agoBusiness Standard

Acknit Industries standalone net profit rises 178.57% in the June 2021 quarter

3 years agoBusiness Standard

ICRA reaffirms ‘BBB-’ rating on Acknit Industries long-term bank facilities

3 years agoIndia Infoline

BRIEF-Acknit Industries Reports Higher Dec-Quarter Profit

3 years agoInvesting.com