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Akshar Spintex

  • Market Cap: Micro Cap
  • Industry: Textile
  • ISIN: INE256Z01025
  • NSEID: AKSHAR
  • BSEID: 541303
INR
0.59
0.02 (3.51%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 9.61 lacs

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

0.560.59

52 Week

0.502.10
Valuation
Technical
Day's Volume

CASH

9.61 lacs (-9.85%) Volume

Shareholding (Dec 2024)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

0.27%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

With a Operating Losses, the company has a Weak Long Term Fundamental Strength

  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 0.46
  • The company has been able to generate a Return on Equity (avg) of 5.22% signifying low profitability per unit of shareholders funds
2

The company has declared Negative results for the last 3 consecutive quarters

3

Stock is technically in a Mildly Bearish range

4

Risky - Negative Operating Profits

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Textile

stock-summary
Market cap

INR 46 Cr (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

18

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.42

stock-summary
Return on Equity

-5.45%

stock-summary
Price to Book

1.05

Revenue and Profits (1 Year):
Net Sales:
26 Cr
(Quarterly Results - Dec 2024)
Net Profit:
-2 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-61.44%
0%
-61.44%
1 Year
-66.3%
0%
-66.3%
2 Years
-82.05%
0.26%
-81.79%
3 Years
-83.82%
0.31%
-83.51%
4 Years
7.07%
1.79%
8.86%
5 Years
49.04%
2.94%
51.98%

Latest dividend: 0.01 per share ex-dividend date: Jan-04-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-7.67%
EBIT Growth (5y)
-170.09%
EBIT to Interest (avg)
0.46
Debt to EBITDA (avg)
1.55
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.95
Tax Ratio
24.03%
Dividend Payout Ratio
8.68%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.18%
ROE (avg)
5.22%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
18
Price to Book Value
1.05
EV to EBIT
-16.17
EV to EBITDA
62.73
EV to Capital Employed
1.03
EV to Sales
0.47
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
0.44%
ROE (Latest)
-5.45%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Harikrushna Shamjibhai Chauhan (0.11%)

Highest Public shareholder

Ankit Jain (1.5%)

Individual Investors Holdings

93.3%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 11.99% vs -37.36% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -45.62% vs -353.97% in Sep 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "25.97",
          "val2": "23.19",
          "chgp": "11.99%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-2.25",
          "val2": "-1.30",
          "chgp": "-73.08%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.28",
          "val2": "0.32",
          "chgp": "-12.50%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-2.33",
          "val2": "-1.60",
          "chgp": "-45.62%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-8.66%",
          "val2": "-5.61%",
          "chgp": "-3.05%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is -26.59% vs 22.22% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -153.89% vs 126.95% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "60.21",
          "val2": "82.02",
          "chgp": "-26.59%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.65",
          "val2": "3.58",
          "chgp": "-81.84%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.68",
          "val2": "0.65",
          "chgp": "4.62%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-0.97",
          "val2": "1.80",
          "chgp": "-153.89%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "1.08%",
          "val2": "4.36%",
          "chgp": "-3.28%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -32.05% vs 29.22% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -232.00% vs 140.26% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "86.18",
          "val2": "126.82",
          "chgp": "-32.05%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-1.60",
          "val2": "5.39",
          "chgp": "-129.68%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.96",
          "val2": "0.94",
          "chgp": "2.13%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-3.30",
          "val2": "2.50",
          "chgp": "-232.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-1.86%",
          "val2": "4.25%",
          "chgp": "-6.11%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 29.09% vs -21.25% in Mar 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 225.36% vs -139.54% in Mar 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "174.96",
          "val2": "135.53",
          "chgp": "29.09%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "7.74",
          "val2": "-0.59",
          "chgp": "1,411.86%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.33",
          "val2": "1.72",
          "chgp": "-22.67%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "3.46",
          "val2": "-2.76",
          "chgp": "225.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "4.42%",
          "val2": "-0.44%",
          "chgp": "4.86%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
25.97
23.19
11.99%
Operating Profit (PBDIT) excl Other Income
-2.25
-1.30
-73.08%
Interest
0.28
0.32
-12.50%
Exceptional Items
0.00
0.00
Standalone Net Profit
-2.33
-1.60
-45.62%
Operating Profit Margin (Excl OI)
-8.66%
-5.61%
-3.05%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is 11.99% vs -37.36% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -45.62% vs -353.97% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
60.21
82.02
-26.59%
Operating Profit (PBDIT) excl Other Income
0.65
3.58
-81.84%
Interest
0.68
0.65
4.62%
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.97
1.80
-153.89%
Operating Profit Margin (Excl OI)
1.08%
4.36%
-3.28%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is -26.59% vs 22.22% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is -153.89% vs 126.95% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
86.18
126.82
-32.05%
Operating Profit (PBDIT) excl Other Income
-1.60
5.39
-129.68%
Interest
0.96
0.94
2.13%
Exceptional Items
0.00
0.00
Standalone Net Profit
-3.30
2.50
-232.00%
Operating Profit Margin (Excl OI)
-1.86%
4.25%
-6.11%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is -32.05% vs 29.22% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is -232.00% vs 140.26% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
174.96
135.53
29.09%
Operating Profit (PBDIT) excl Other Income
7.74
-0.59
1,411.86%
Interest
1.33
1.72
-22.67%
Exceptional Items
0.00
0.00
Standalone Net Profit
3.46
-2.76
225.36%
Operating Profit Margin (Excl OI)
4.42%
-0.44%
4.86%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 29.09% vs -21.25% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is 225.36% vs -139.54% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Akshar Spintex Ltd stock-summary
stock-summary
Akshar Spintex Ltd
Micro Cap
Textile
Akshar Spintex Limited originally incorporated as a Private Limited Company in the name of "Akshar Spintex Private Limited" at Jamnagar, Gujarat on June 19,2013 was subsequently converted into a Public Limited Company and the name of the Company was changed to "Akshar Spintex Limited" on January 5, 2018. The Company is engaged in manufacturing of cotton yarn. The Company manufactures 100% cotton yarn which include combed, semi combed and carded yarn.
Company Coordinates stock-summary
Company Details
Revenue Survey No. 102/2 Paiki, Plot No 2 Ranuja Road Kalavad Jamnagar Gujarat : 361013
stock-summary
Tel: 91-9825213622
stock-summary
http://www.aksharspintex.in
stock-summary
admin@aksharspintex.in
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai
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