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Akshar Spintex share price

Akshar Spintex Ltd.

NSE: AKSHAR BSE: 541303 SECTOR: Textile  19k   26   5

3.36
-0.09 (-2.61%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 3.47

Today's Low

₹ 3.34

52 Week High

₹ 7

52 Week Low

₹ 3.22

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

100.8 Cr.

Enterprise Value

118.45 Cr.

No. of Shares

30 Cr.

P/E

16.99

P/B

2.09

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  1.61

CASH

0.02 Cr.

DEBT

17.67 Cr.

Promoter Holding

37.57 %

EPS (TTM)

₹  0.2

Sales Growth

-21.25%

ROE

-6.59 %

ROCE

-3.67%

Profit Growth

-139.36 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-21.25%
3 Year7.5%
5 Year7.81%

Profit Growth

1 Year-139.36%
3 Year14.92%
5 Year-179.79%

ROE%

1 Year-6.59%
3 Year4.86%
5 Year1.08%

ROCE %

1 Year-3.67%
3 Year6.3%
5 Year5.15%

Debt/Equity

0.4349

Price to Cash Flow

10.25

Interest Cover Ratio

-1.25669198039533

CFO/PAT (5 Yr. Avg.)

17.501910236354

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 37.57 0
Sep 2023 43.75 0
Jun 2023 43.75 0
Mar 2023 43.75 0
Dec 2022 43.75 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 7.9718 Cr.
  • The company has an efficient Cash Conversion Cycle of 42.7692863448251 days.
  • The company has a good cash flow management; CFO/PAT stands at 17.501910236354.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 88.7603042247036.

 Limitations

  • The company has shown a poor revenue growth of 7.50050416584012% for the Past 3 years.
  • Company has a poor ROE of 4.85560636873585% over the past 3 years.
  • Company has low Interest coverage ratio of -1.25669198039533.
  • The company has a low EBITDA margin of 3.69577925968729% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 31.04 37.39 38.45 43.57 44.8
Total Expenditure 29.81 34.98 36.69 41.75 42.99
Operating Profit 1.22 2.41 1.76 1.82 1.81
Other Income 0.75 0.74 0.87 0.86 0.52
Interest 0.48 0.4 0.3 0.36 0.29
Depreciation 1.07 1.07 1.07 1.07 1.07
Exceptional Items 0 0 0 0 0
Profit Before Tax 0.42 1.69 1.26 1.26 0.97
Tax -0.05 -1.75 0.36 0.36 0.28
Profit After Tax 0.47 3.44 0.9 0.9 0.7
Adjusted EPS (Rs) 0.02 0.11 0.03 0.03 0.02

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 100.63 109.1 110.24 172.11 135.53
Total Expenditure 94.61 108.41 105.09 159.12 135.99
Operating Profit 6.02 0.68 5.15 12.99 -0.45
Other Income 4.3 1.99 1.34 3.46 2.39
Interest 2.65 3.18 2.53 2.58 1.86
Depreciation 3.82 4.1 4.14 4.21 4.27
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.85 -4.6 -0.18 9.66 -4.19
Tax 1.6 1.13 -1.42 2.64 -1.43
Net Profit 2.24 -5.73 1.24 7.02 -2.76
Adjusted EPS (Rs.) 0.07 -0.19 0.04 0.23 -0.09

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 25 25 25 25 25
Total Reserves 15.75 10.02 11.26 18.23 15.64
Borrowings 19.36 12.47 13.63 11.59 8.31
Other N/C liabilities 3.97 4.37 2.8 1.34 -0.16
Current liabilities 20.44 22.41 20.64 36.72 27.38
Total Liabilities 84.53 74.26 73.32 92.88 76.17
Assets
Net Block 49.12 49.7 46.09 43.21 39.16
Capital WIP 4.63 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0.31 0.31 0 0
Loans & Advances 0.01 0.01 0.01 0.01 0.01
Other N/C Assets 1.68 1.46 1.55 0.83 1.04
Current Assets 29.1 22.78 25.37 48.83 35.95
Total Assets 84.53 74.26 73.32 92.88 76.17
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 3.85 -4.6 -0.18 9.66 -4.19
Adjustment 6.2 7.06 6.56 6.73 5.93
Changes in Assets & Liabilities -0.92 5.56 -0.06 -12.5 8.73
Tax Paid -0.58 -0.22 -0.17 -0.96 -0.64
Operating Cash Flow 8.54 7.79 6.14 2.92 9.84
Investing Cash Flow -5.46 -0.11 -0.51 -0.95 -0.18
Financing Cash Flow -3.06 -7.69 -5.66 -2.01 -9.69
Net Cash Flow 0.01 -0.02 -0.02 -0.04 -0.03

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 43.75 43.75 43.75 43.75 37.57
amit vallabhbhai gadhiya 7.35 7.35 7.35 7.35 7.28
harikrishna shamjibhai ch... 3.96 3.96 3.96 3.96 3.56
harikrushna shamjibhai ch... 7.78 10.78 10.78 10.78 9.26
nayan vallabhbhai gadhiya... 1.58 1.58 1.58 1.58 0.27
pooja amit gadhiya 1.21 1.21 1.21 1.21 0.74
rekhaben harikrushnabhai ... 14.77 17.77 17.77 17.77 16.46
kantaben vallabhbhai gadh... 0.10 0.10 0.10 0.10 -
narmadaben shamjibhai cha... 6.12 0.12 0.12 0.12 -
priyanka harikrushnabhai ... - - - 0.87 -
priyanka harikrushnabhai ... 0.87 0.87 0.87 - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 56.25 56.25 56.25 56.25 62.43
charmee nayan gadhiya 4.82 4.82 4.82 4.82 2.82
ilaben dineshbhai paghdar... 4.03 4.03 4.03 4.03 3.15
kushal nitinbhai patel 1.09 - 1.04 1.04 1.20
navneet vasharambhai gaje... 3.50 3.76 3.42 3.33 2.37
sahil jayntilal pambhar - 4.83 3.77 3.65 1.13
sonal prakashkumar sorath... 7.46 7.18 6.74 6.41 5.39
anjanaben navneetbhai gaj... 1.63 2.15 1.92 1.92 -
mehulkumar rajabhai parma... - 1.13 1.12 1.12 -
axita exports private lim... 1.23 1.18 - - -
meetkumar ramnikbhai bhal... - 1.07 - - -
dhaval ashok vaghasiya 4.49 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Akshar Spintex informs about outcome of board meeting 26 Feb 2024, 10:44AM Akshar Spintex informs about outcome of board meeting17 Feb 2024, 10:45AM Akshar Spintex informs about disclosure12 Feb 2024, 4:11PM Akshar Spintex informs about disclosure12 Feb 2024, 3:10PM Akshar Spintex - Quaterly Results30 Jan 2024, 3:48PM Akshar Spintex - Quaterly Results30 Jan 2024, 3:48PM Akshar Spintex - Quaterly Results30 Jan 2024, 3:48PM Akshar Spintex informs about disclosure18 Jan 2024, 11:54AM Akshar Spintex informs about disclosure 3 Jan 2024, 12:18PM Akshar Spintex informs about disclosure 3 Jan 2024, 12:10PM Akshar Spintex informs about disclosure23 Nov 2023, 1:14PM Akshar Spintex secures international order worth Rs 171 crore23 Nov 2023, 12:45PM Akshar Spintex informs about disclosure21 Nov 2023, 3:34PM Akshar Spintex - Quaterly Results6 Nov 2023, 5:28PM Akshar Spintex - Quaterly Results6 Nov 2023, 5:28PM Akshar Spintex informs about updates6 Nov 2023, 4:44PM Akshar Spintex informs about certificate18 Oct 2023, 12:05PM Akshar Spintex informs about newspaper publication4 Sep 2023, 5:11PM Akshar Spintex informs about AGM2 Sep 2023, 4:09PM Akshar Spintex submits annual report2 Sep 2023, 4:04PM Akshar Spintex informs about resignation of CS cum CO5 Jul 2023, 12:37PM Akshar Spintex informs about press release9 Jun 2023, 1:54PM Akshar Spintex - Quaterly Results27 May 2023, 4:23PM Akshar Spintex informs about annual secretarial compliance report19 May 2023, 11:11AM Akshar Spintex informs about compliance certificate20 Apr 2023, 11:46AM Akshar Spintex - Quaterly Results10 Feb 2023, 3:41PM Akshar Spintex - Quaterly Results10 Feb 2023, 3:41PM Akshar Spintex - Quaterly Results10 Feb 2023, 3:41PM Akshar Spintex informs about disclosure 9 Dec 2022, 5:13PM Akshar Spintex informs about newspaper publication16 Nov 2022, 3:20PM Akshar Spintex informs about press release3 Sep 2022, 3:07PM Akshar Spintex informs about disclosure14 Apr 2022, 10:27AM Akshar Spintex informs about compliance certificate13 Apr 2022, 4:46PM Akshar Spintex informs about trading window closure28 Mar 2022, 2:01PM Akshar Spintex informs about disclosure22 Feb 2022, 3:51PM Akshar Spintex informs about disclosure22 Feb 2022, 9:17AM Akshar Spintex informs about disclosure22 Feb 2022, 9:16AM Akshar Spintex informs about disclosure19 Feb 2022, 9:52AM Akshar Spintex informs about disclosure18 Feb 2022, 11:31AM Akshar Spintex informs about compliance certificate 20 Oct 2021, 2:34PM Akshar Spintex informs about certificate11 Oct 2021, 10:12AM Akshar Spintex informs about certificate7 Oct 2021, 12:46PM Akshar Spintex informs about disclosure17 Aug 2021, 12:06PM Akshar Spintex informs about certificate8 Jul 2021, 11:19AM Akshar Spintex informs about board meeting21 Jun 2021, 9:57AM Akshar Spintex informs about compliance certificate21 Apr 2021, 10:03AM Akshar Spintex informs about compliance certificate28 May 2020, 10:27AM Akshar Spintex informs about non applicability as large corporate 26 May 2020, 10:34AM

Akshar Spintex Stock Price Analysis and Quick Research Report. Is Akshar Spintex an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Akshar Spintex has a PE ratio of 16.9362992922144 which is high and comparatively overvalued .

  • Share Price: - The current share price of Akshar Spintex is Rs 3.35. One can use valuation calculators of ticker to know if Akshar Spintex share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Akshar Spintex has ROA of -3.27039144017069 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Akshar Spintex has a Current ratio of 1.31312566881051 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Akshar Spintex has a ROE of -6.59146755115642 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Akshar Spintex has a D/E ratio of 0.4349 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Akshar Spintex has an Inventory turnover ratio of 5.36134939110862 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Akshar Spintex has reported revenue growth of -21.2516646485587 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Akshar Spintex for the current financial year is -0.334015826462282 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Akshar Spintex is Rs 0 and the yield is 0 %.

Last Updated on:
Brief about Akshar Spintex
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