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Last Updated: April 2, 2026, 4:02 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542020 | NSE: AKI

AKI India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.51Overvalued by 15.42%vs CMP ₹4.15

P/E (28.6) × ROE (1.8%) × BV (₹8.35) × DY (2.00%)

₹6.24Undervalued by 50.36%vs CMP ₹4.15
MoS: +33.5% (Strong)Confidence: 38/100 (Low)Models: 3 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.8633%Over (-31.1%)
Graham NumberEarnings₹4.1124%Fair (-1%)
Net Asset ValueAssets₹8.3511%Under (+101.2%)
Earnings YieldEarnings₹0.9011%Over (-78.3%)
ROCE CapitalReturns₹20.8413%Under (+402.2%)
Revenue MultipleRevenue₹6.668%Under (+60.5%)
Consensus (6 models)₹6.24100%Undervalued
Key Drivers: EPS CAGR -18.5% drags value — could be higher if earnings stabilize. | ROE 1.8% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -18.5%

*Investments are subject to market risks

Investment Snapshot

36
AKI India Ltd scores 36/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 4.5% WeakROE 1.8% WeakD/E 2.27 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -2.43% (6mo) SellingPromoter holding at 53.9% Stable
Earnings Quality40/100 · Moderate
OPM stable around 2% SteadyWorking capital: 168 days Capital intensive
Quarterly Momentum25/100 · Weak
Revenue (4Q): -14% YoY DecliningProfit (4Q): -53% YoY Declining
Industry Rank25/100 · Weak
P/E 28.6 vs industry 34.5 In-lineROCE 4.5% vs industry 11.7% Below peersROE 1.8% vs industry 8.7% Below peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:02 am

Market Cap 42.8 Cr.
Current Price 4.15
Intrinsic Value₹6.24
High / Low 16.2/3.72
Stock P/E28.6
Book Value 8.35
Dividend Yield0.00 %
ROCE4.54 %
ROE1.80 %
Face Value 2.00
PEG Ratio-1.55

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for AKI India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
AKI India Ltd 42.8 Cr. 4.15 16.2/3.7228.6 8.350.00 %4.54 %1.80 % 2.00
Liberty Shoes Ltd 386 Cr. 227 475/21033.1 1340.00 %9.99 %7.20 % 10.0
Relaxo Footwears Ltd 6,483 Cr. 260 531/23638.6 84.71.15 %11.2 %8.31 % 1.00
Khadim India Ltd 156 Cr. 85.0 311/77.516.2 90.20.00 %9.34 %2.20 % 10.0
Bata India Ltd 8,072 Cr. 628 1,301/60542.0 1193.03 %15.1 %15.6 % 5.00
Industry Average4,386.80 Cr238.0334.5077.040.77%11.71%8.72%5.50

All Competitor Stocks of AKI India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 12.2314.5213.1916.0117.5718.0618.7111.1521.7517.0511.3618.3813.30
Expenses 11.5213.6612.5415.4117.1217.2618.2511.4321.1617.9111.4317.5513.28
Operating Profit 0.710.860.650.600.450.800.46-0.280.59-0.86-0.070.830.02
OPM % 5.81%5.92%4.93%3.75%2.56%4.43%2.46%-2.51%2.71%-5.04%-0.62%4.52%0.15%
Other Income 0.790.500.730.590.940.750.911.751.332.411.290.811.24
Interest 0.550.670.530.440.490.330.390.400.470.620.510.550.49
Depreciation 0.480.480.400.470.470.510.440.430.440.500.400.430.47
Profit before tax 0.470.210.450.280.430.710.540.641.010.430.310.660.30
Tax % 38.30%-9.52%31.11%32.14%32.56%19.72%35.19%25.00%33.66%72.09%32.26%30.30%36.67%
Net Profit 0.290.230.310.190.290.570.360.480.670.120.210.460.19
EPS in Rs 0.040.030.050.030.040.070.040.050.080.010.020.040.02

Last Updated: March 3, 2026, 12:35 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 5:16 pm

MetricMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 12.7629.9938.6440.2442.1239.7441.0444.7960.9055.4464.8468.6660.09
Expenses 12.7529.5037.5839.2541.2938.6738.9843.2258.5752.4362.3268.7760.17
Operating Profit 0.010.491.060.990.831.072.061.572.333.012.52-0.11-0.08
OPM % 0.08%1.63%2.74%2.46%1.97%2.69%5.02%3.51%3.83%5.43%3.89%-0.16%-0.13%
Other Income 0.861.762.012.363.163.192.053.733.042.353.006.425.75
Interest 0.221.591.591.711.341.501.301.331.391.991.801.882.17
Depreciation 0.271.381.391.391.421.631.752.272.231.901.851.811.80
Profit before tax 0.38-0.720.090.251.231.131.061.701.751.471.872.621.70
Tax % 23.68%-11.11%-66.67%36.00%73.98%55.75%29.25%48.24%5.71%27.21%27.27%37.79%
Net Profit 0.29-0.630.140.150.310.500.750.891.651.081.361.630.98
EPS in Rs 0.52-0.640.140.050.060.070.110.130.250.160.160.180.09
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)122.22%7.14%106.67%61.29%50.00%18.67%85.39%-34.55%25.93%19.85%
Change in YoY Net Profit Growth (%)0.00%-115.08%99.52%-45.38%-11.29%-31.33%66.73%-119.94%60.47%-6.07%

AKI India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:11%
3 Years:4%
TTM:-13%
Compounded Profit Growth
10 Years:14%
5 Years:8%
3 Years:-7%
TTM:-6%
Stock Price CAGR
10 Years:%
5 Years:40%
3 Years:-20%
1 Year:-57%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:3%
Last Year:2%

Last Updated: September 5, 2025, 2:11 pm

Balance Sheet

Last Updated: December 10, 2025, 3:46 am

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.871.501.505.007.5010.3010.3010.3010.3013.3917.1517.7120.64
Reserves 1.871.331.481.631.011.642.402.533.771.5442.4247.1865.50
Borrowings 8.2721.1722.7620.8917.6821.3721.6327.8729.4329.5118.0719.1725.86
Other Liabilities 4.1012.6513.3612.4110.2512.1616.0516.1716.9917.3124.7026.0320.61
Total Liabilities 15.1136.6539.1039.9336.4445.4750.3856.8760.4961.75102.34110.09132.61
Fixed Assets 4.979.349.889.347.1412.2910.8515.1213.7312.1612.7311.6312.30
CWIP 0.231.111.872.004.000.917.032.312.514.477.008.778.78
Investments 0.950.950.950.951.092.542.542.492.482.482.482.592.59
Other Assets 8.9625.2526.4027.6424.2129.7329.9636.9541.7742.6480.1387.10108.94
Total Assets 15.1136.6539.1039.9336.4445.4750.3856.8760.4961.75102.34110.09132.61

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1.04-0.673.140.007.38-4.920.763.67-17.59-3.25
Cash from Investing Activity + -2.68-0.980.480.00-6.37-1.68-0.99-2.40-17.80-1.07
Cash from Financing Activity + 1.261.37-4.150.00-0.756.490.34-1.1035.654.98
Net Cash Flow -0.39-0.28-0.530.000.26-0.100.110.170.270.65
Free Cash Flow -1.64-1.652.400.000.96-6.75-0.291.39-22.55-5.73
CFO/OP 98%-52%427%0%379%-279%58%139%-675%2,182%

Free Cash Flow

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.26-20.68-21.70-19.90-16.85-20.30-19.57-26.30-27.10-26.50-15.55-19.28

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 151.32144.10118.55106.2286.8398.0083.25131.20106.26115.68103.30132.21
Inventory Days 89.78134.46120.83134.39119.57166.35197.35161.29131.86167.41196.65201.57
Days Payable 133.93180.30148.37132.16103.91134.78186.18159.46124.33145.23139.17135.75
Cash Conversion Cycle 107.1798.2691.02108.44102.48129.5794.41133.03113.79137.86160.77198.03
Working Capital Days 14.30-36.88-27.580.1812.1316.35-17.7024.8530.3928.90134.14168.04
ROCE %5.50%6.76%7.36%9.68%8.84%6.98%6.08%6.51%7.87%6.01%4.54%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.81%68.94%68.64%68.64%53.57%54.24%54.72%54.72%54.72%53.92%53.92%53.92%
FIIs 0.00%0.00%0.00%0.00%3.50%3.39%3.39%3.39%2.71%2.20%0.98%0.28%
Public 27.20%31.06%31.36%31.36%42.93%42.37%41.89%41.90%42.58%43.87%45.10%45.80%
No. of Shareholders 1502,6775,4694,4094,9676,7657,74910,15312,16412,01114,03513,899

Shareholding Pattern Chart

No. of Shareholders

AKI India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 18
FaceValue 2.002.0010.0010.0010.00
Basic EPS (Rs.) 0.190.160.731.131.48
Diluted EPS (Rs.) 0.190.160.731.131.48
Cash EPS (Rs.) 0.390.372.283.763.02
Book Value[Excl.RevalReserv]/Share (Rs.) 7.366.9610.8813.669.66
Book Value[Incl.RevalReserv]/Share (Rs.) 7.366.9611.2013.669.66
Revenue From Operations / Share (Rs.) 9.148.2752.4959.1861.42
PBDIT / Share (Rs.) 0.710.644.094.855.46
PBIT / Share (Rs.) 0.510.432.672.693.92
PBT / Share (Rs.) 0.300.211.171.342.13
Net Profit / Share (Rs.) 0.180.150.861.601.48
NP After MI And SOA / Share (Rs.) 0.180.150.861.601.48
PBDIT Margin (%) 7.867.837.798.198.89
PBIT Margin (%) 5.635.225.094.546.37
PBT Margin (%) 3.292.642.232.263.46
Net Profit Margin (%) 2.071.921.642.702.40
NP After MI And SOA Margin (%) 2.071.921.642.702.40
Return on Networth / Equity (%) 2.572.287.9311.7015.27
Return on Capital Employeed (%) 6.666.0814.2510.9823.03
Return On Assets (%) 1.461.311.822.723.00
Long Term Debt / Equity (X) 0.050.010.690.780.75
Total Debt / Equity (X) 0.290.301.771.912.27
Asset Turnover Ratio (%) 0.740.840.900.001.12
Current Ratio (X) 1.771.631.191.181.11
Quick Ratio (X) 1.100.990.670.700.65
Inventory Turnover Ratio (X) 2.801.641.650.002.61
Interest Coverage Ratio (X) 3.363.042.733.603.05
Interest Coverage Ratio (Post Tax) (X) 1.891.751.571.921.83
Enterprise Value (Cr.) 88.18190.87124.4961.680.00
EV / Net Operating Revenue (X) 1.092.691.771.010.00
EV / EBITDA (X) 13.8434.3622.7212.340.00
MarketCap / Net Operating Revenue (X) 0.882.461.430.590.00
Price / BV (X) 1.102.926.882.560.00
Price / Net Operating Revenue (X) 0.882.461.430.590.00
EarningsYield 0.020.010.010.040.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aki India Ltd. is a Public Limited Listed company incorporated on 16/05/1994 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L19201UP1994PLC016467 and registration number is 016467. Currently company belongs to the Industry of Leather/Synthetic Products. Company's Total Operating Revenue is Rs. 68.66 Cr. and Equity Capital is Rs. 17.71 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Leather/Synthetic ProductsD-115, Defence Colony, Kanpur Uttar Pradesh 208010Contact not found
Management
NamePosition Held
Mr. Mohammad AjwadManaging Director
Mrs. Sameena Asad IraqiWhole Time Director
Mr. Mohammad AsjadNon Executive Director
Mr. Raj Krishna AgrawalIndependent Director
Mr. Aslam SaeedIndependent Director
Mr. Javed IqbalIndependent Director

FAQ

What is the intrinsic value of AKI India Ltd and is it undervalued?

As of 15 April 2026, AKI India Ltd's intrinsic value is ₹6.24, which is 50.36% higher than the current market price of ₹4.15, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.80 %), book value (₹8.35), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of AKI India Ltd?

AKI India Ltd is trading at ₹4.15 as of 15 April 2026, with a FY2026-2027 high of ₹16.2 and low of ₹3.72. The stock is currently near its 52-week low. Market cap stands at ₹42.8 Cr..

How does AKI India Ltd's P/E ratio compare to its industry?

AKI India Ltd has a P/E ratio of 28.6, which is below the industry average of 34.50. This is broadly in line with or below the industry average.

Is AKI India Ltd financially healthy?

Key indicators for AKI India Ltd: ROCE of 4.54 % is on the lower side compared to the industry average of 11.71%; ROE of 1.80 % is below ideal levels (industry average: 8.72%). Dividend yield is 0.00 %.

Is AKI India Ltd profitable and how is the profit trend?

AKI India Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹69 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows a declining trend.

Does AKI India Ltd pay dividends?

AKI India Ltd has a dividend yield of 0.00 % at the current price of ₹4.15. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in AKI India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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