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Akshar Spintex Ltd

AKSHAR

Akshar Spintex Ltd

AKSHAR
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹59 cr, stock is ranked 3,455
High RiskStock is 3.83x as volatile as Nifty
0.750.00% (+0.00)
0.750.00% (+0.00)

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1M
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Max
SIP
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹59 cr, stock is ranked 3,455
High RiskStock is 3.83x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹59 cr, stock is ranked 3,455
High RiskStock is 3.83x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
87.881.380.49%
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

Akshar Spintex Limited is an India-based company, which is principally engaged in the business of manufacturing and trading of spun cotton yarn.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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

Higher 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 11.14%, vs industry avg of 2.98%

Increasing 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 increased from 0.07% to 0.1%

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 8.92%, vs industry avg of -9.63%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue59.8486.3499.53104.93111.09110.88175.57137.92177.92155.41
Raw Materialssubtract39.8166.4469.3778.9492.4988.31139.12121.55149.93148.35
Power & Fuel Costsubtract0.007.478.188.039.289.5111.218.3111.87
Employee Costsubtract3.944.816.385.665.614.737.505.054.81
Selling & Administrative Expensessubtract0.000.700.741.290.750.891.311.071.53
Operating & Other expensessubtract6.66-2.140.590.690.290.95-0.030.00-0.93
Depreciation/Amortizationsubtract3.603.793.843.824.104.144.214.274.344.51
Interest & Other Itemssubtract2.372.592.392.653.182.532.581.861.361.36
Taxes & Other Itemssubtract0.800.12-0.511.601.13-1.422.64-1.431.560.50
EPS0.010.000.020.00-0.010.000.01-0.010.080.02
DPS0.000.000.000.000.000.000.000.000.010.01
Payout ratio0.000.000.000.000.000.000.000.000.090.36

Company Updates

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

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Akshar Spintex Ltd17.581.380.49%
KPR Mill Ltd47.908.850.44%
Vedant Fashions Ltd78.4620.290.64%
Aditya Birla Real Estate Ltd587.647.250.19%

Price Comparison

Compare AKSHAR with any stock or ETF
Compare AKSHAR with any stock or ETF
AKSHAR
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Shareholdings

Promoter Holdings Trend

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

No institutional holdings trend are available

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.27%0.00%0.00%0.00%99.73%

Mar 2024

Jun 2024

Sep 2024

Oct 2024

Shareholding History

Dec '23FebMarJunSepOct0.01%0.01%0.01%0.00%0.00%0.00%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJan 4, 2024

Interim
Interim | Div/Share: ₹0.01

Dividend/Share

0.01

Ex DateEx Date

Jan 4, 2024

News & Opinions
Earnings
Akshar Spintex reports standalone net loss of Rs 1.60 crore in the September 2024 quarter

Net loss of Akshar Spintex reported to Rs 1.60 crore in the quarter ended September 2024 as against net profit of Rs 0.90 crore during the previous quarter ended September 2023. Sales declined 46.78% to Rs 23.19 crore in the quarter ended September 2024 as against Rs 43.57 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales23.1943.57 -47 OPM %-5.564.20 - PBDT-1.222.33 PL PBT-2.391.26 PL NP-1.600.90 PL Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Akshar Spintex to conduct board meeting

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Akshar Spintex schedules AGM

Akshar Spintex announced that the 11th Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Akshar Spintex to convene board meeting

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 17 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Akshar Spintex standalone net profit declines 30.00% in the June 2024 quarter

Net profit of Akshar Spintex declined 30.00% to Rs 0.63 crore in the quarter ended June 2024 as against Rs 0.90 crore during the previous quarter ended June 2023. Sales declined 3.72% to Rs 37.02 crore in the quarter ended June 2024 as against Rs 38.45 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales37.0238.45 -4 OPM %5.274.58 - PBDT2.232.33 -4 PBT1.081.26 -14 NP0.630.90 -30 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Akshar Spintex to convene board meeting

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live