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Axita Cotton Ltd

AXITA

Axita Cotton Ltd

AXITA
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹384 cr, stock is ranked 2,034
Moderate RiskStock is 2.81x as volatile as Nifty
11.020.36% (-0.04)
11.020.36% (-0.04)

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹384 cr, stock is ranked 2,034
Moderate RiskStock is 2.81x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

High

Strong financials and growth story over the years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹384 cr, stock is ranked 2,034
Moderate RiskStock is 2.81x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
—5.960.68%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.896.780.72%

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

Axita Cotton Limited is an India-based company, which is engaged in the activities of manufacturing, processing and finishing of cotton bales. The Company is engaged in the production and export of BCI cotton.

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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.

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 38.91%, vs industry avg of 2.99%

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 0.15% to 0.63%

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 113.32%, vs industry avg of -9.6%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue68.7691.52123.94213.49484.54618.94830.46549.741,104.38—
Raw Materialssubtract66.4889.39115.44206.50455.69528.26758.01507.881,070.02—
Power & Fuel Costsubtract0.390.370.630.530.710.670.190.250.20
Employee Costsubtract0.150.240.420.701.191.242.103.192.22
Selling & Administrative Expensessubtract1.071.721.742.376.4031.455.901.201.37
Operating & Other expensessubtract-1.26-1.932.220.3416.5348.0941.7712.791.21
Depreciation/Amortizationsubtract0.660.540.430.570.530.440.501.061.27—
Interest & Other Itemssubtract1.171.171.951.802.953.351.680.520.81—
Taxes & Other Itemssubtract-0.02-0.01-0.040.220.191.714.905.836.96—
EPS0.000.000.000.000.000.010.020.050.58—
DPS0.000.000.000.000.000.000.030.060.08—
Payout ratio0.000.000.000.000.000.001.131.080.13—
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 2019

Annual report

PDF
FY 2020

Annual report

PDF
FY 2021

Annual report

PDF
FY 2022

Annual report

PDF
FY 2023

Annual report

PDF

Investor Presentation

Jan 31PDF
FY 2024

Annual report

PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

Valuation

Technical

Forecast

ScreenerCompare valuation on Screener

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Axita Cotton Ltd18.935.960.68%
KPR Mill Ltd43.087.960.49%
Vedant Fashions Ltd73.3418.960.68%
Aditya Birla Real Estate Ltd547.616.760.20%

Price Comparison

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AXITA
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Shareholdings

Promoter Holdings Trend

Decreased 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 decreased by 20.84%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased 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 increased by 14.79%

Increased 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 increased by 1.44%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding41.93%0.00%0.00%1.96%56.12%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep3.43%5.33%0.46%0.47%0.52%1.96%

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 DateAug 28, 2024

Final
Final | Div/Share: ₹0.10

Dividend/Share

₹0.10

Ex DateEx Date

Aug 28, 2024

Cash Dividend

Ex DateEx DateNov 17, 2023

Interim
Interim | Div/Share: ₹0.10

Dividend/Share

₹0.10

Ex DateEx Date

Nov 17, 2023

Cash Dividend

Ex DateEx DateSep 19, 2022

Final
Final | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Sep 19, 2022

News & Opinions
Earnings
Axita Cotton standalone net profit declines 90.32% in the September 2024 quarter

Net profit of Axita Cotton declined 90.32% to Rs 0.63 crore in the quarter ended September 2024 as against Rs 6.51 crore during the previous quarter ended September 2023. Sales declined 66.52% to Rs 129.89 crore in the quarter ended September 2024 as against Rs 387.92 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales129.89387.92 -67 OPM %0.822.18 - PBDT0.979.07 -89 PBT0.658.77 -93 NP0.636.51 -90 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Axita Cotton to conduct board meeting

Axita Cotton 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
Earnings
Axita Cotton standalone net profit declines 38.43% in the June 2024 quarter

Net profit of Axita Cotton declined 38.43% to Rs 3.54 crore in the quarter ended June 2024 as against Rs 5.75 crore during the previous quarter ended June 2023. Sales declined 32.01% to Rs 154.93 crore in the quarter ended June 2024 as against Rs 227.87 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales154.93227.87 -32 OPM %3.683.08 - PBDT5.297.92 -33 PBT4.967.62 -35 NP3.545.75 -38 Powered by Capital Market - Live

4 months agoCapital Market - Live

Fiberweb (India) Ltd leads gainers in ‘B’ group

5 months agoBusiness Standard
Corporate
Axita Cotton to declare Quarterly Result

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

5 months agoCapital Market - Live

Agri-Tech (India) Ltd leads gainers in ‘B’ group

5 months agoBusiness Standard