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Akshar Spintex Ltd

(AKSHAR)

₹1.652.37%

as on 04:01PM, 19 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹1.6
    ₹1.71
  • 52 Week's Low

    52 Week's High

    ₹1.29
    ₹4.39
1 Month Return+ 23.36 %
3 Month Return-34.24 %
1 Year Return-72.2 %
Previous Close₹1.69
Open₹1.71
Volume8.94L
Upper Circuit-
Lower Circuit-
Market Cap₹133.08Cr

Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹133.08 Cr
P/B Ratio1.51
EPS0
Dividend Yield0
SectorTextiles
ROE8.19

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹133.08 Cr-14.63%0.65NANA
NA₹1,118.19 Cr265.15%0.67₹46 Cr₹564 Cr
NA₹154.81 Cr117.66%0.79NANA
NA₹1,022.26 Cr19.32%0.55NANA
NA₹113.83 Cr70.61%0.72₹2 Cr₹125 Cr

Company Information

Akshar Spintex Limited was incorporated in 2013 as a private limited company and converted into a public limited company in 2017. The company is engaged in the production of 100 cotton-based yarn which includes combed, semi-combed, and carded yarn. Their manufacturing facility is situated in Kalavad, Rajkot, Gujarat spread across 183437 sq. ft. It is close to the cotton-growing region of Gujarat. The promoters of the company Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan, and Rekhaben Chauhan have extensive knowledge and experience in the cotton and textile industry. On April 12th, 2016 Abhishekbhai Tala transferred his 866,000 Equity Shares to Amit and Nayan Gadhiya, respectively. Whereas, Ashok Dudhagara, Bakulesh Jani, and Tarish Trivedi had transferred all their 5,000, 1,000, and 1,000 Shares to Rekhaben Chauhan on January 28, 2014.

Share Price: ₹1.65 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹133.08Cr as of today
Listing date: 23 May, 2022
Chairperson Name: Harikrishna Chauhan
OrganisationAkshar Spintex Ltd
HeadquartersRajkot
IndustryTextiles
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Key events for Akshar Spintex Ltd

  • Akshar Spintex Ltd Shares Drop 27% in Last 30 Days - 19 Mar, 2024

    The share price of Akshar Spintex Limited has dropped by 27% in the last thirty days, with shareholders who have held through the last twelve months now sitting on a 44% share price drop. The P/S ratio of 0.5x is moderate because investors think this respectable revenue growth might not be enough to outperform the broader industry in the near future.

  • Akshar Spintex Ltd's Key Financial Indicators Look Decent Despite Share Price Drop - 15 Mar, 2024

    Despite a 47% drop in share price over the past three months, Akshar Spintex Ltd's key financial indicators look decent. The company's ROE is being studied as an indicator of potential long-term growth.

Insights on Akshar Spintex Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 87.96% to 88.38% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, AKSHAR stock has moved down by -34.2%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 12.04% to 11.62% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.01% to 0.00% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹74.99Cr (-)₹96.11Cr (↑28.16%)₹80.61Cr (↓16.13%)₹77.34Cr (↓4.06%)
Total Liabilities₹38.73Cr (-)₹52.88Cr (↑36.53%)₹39.97Cr (↓24.41%)₹33.46Cr (↓16.29%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹7.79Cr (-)₹6.14Cr (↓21.18%)₹2.92Cr (↓52.44%)₹9.84Cr (↑236.99%)₹4.77Cr (↓51.52%)
0

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
11.62%
-3.46
Foreign Institutions
0%
-100.00
Mutual Funds
0%
0.00
Retail Investors
88.38%
0.48
Others
0%
-100.00

Key Indicators

Details20202021202220232024
Return On Equity %-15.123.4817.66-6.588.19

Earnings and Dividends

  • Akshar Spintex Ltd Earnings Results

    Akshar Spintex Ltd’s net profit fell -30% since last year same period to ₹0.63Cr in the Q1 2024-2025. On a quarterly growth basis, Akshar Spintex Ltd has generated -34.37% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Akshar Spintex Ltd Dividends December,2023

    In the quarter ending September 2023, Akshar Spintex Ltd has declared dividend of ₹0.01 - translating a dividend yield of 0.59%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Akshar Spintex Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Akshar Spintex Ltd (AKSHAR) share price today is ₹1.65

Akshar Spintex Ltd is listed on NSE

Akshar Spintex Ltd is listed on BSE

  • Today’s highest price of Akshar Spintex Ltd is ₹1.71.
  • Today’s lowest price of Akshar Spintex Ltd is ₹1.6.

Today’s traded volume of Akshar Spintex Ltd(AKSHAR) is 8.94L.

Today’s market capitalisation of Akshar Spintex Ltd(AKSHAR) is ₹133.08Cr.

Akshar Spintex Ltd(AKSHARPrice
52 Week High
₹4.39
52 Week Low
₹1.29

Akshar Spintex Ltd(AKSHAR) share price is ₹1.65. It is down -62.41% from its 52 Week High price of ₹4.39

Akshar Spintex Ltd(AKSHAR) share price is ₹1.65. It is up 27.91% from its 52 Week Low price of ₹1.29

Akshar Spintex Ltd(AKSHARReturns
1 Day Returns
-0.04%
1 Month Returns
23.36%
3 Month Returns
-34.24%
1 Year Returns
-72.2%