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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 541303 | NSE: AKSHAR

Fundamental Analysis of Akshar Spintex Ltd

Basic Stock Data

Last Updated: April 23, 2024, 2:36 pm

Market Cap 70.8 Cr.
Current Price 2.35
High / Low7.08/2.10
Stock P/E11.9
Book Value 1.42
Dividend Yield0.35 %
ROCE3.66 %
ROE6.58 %
Face Value 1.00

Data Source: screener.in

Competitors of Akshar Spintex Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Suryalakshmi Cotton Mills Ltd 136 Cr. 73.589.5/50.916.6 1410.00 %10.3 %5.91 % 10.0
Precot Ltd 473 Cr. 394394/148 3340.00 %0.13 %6.69 % 10.0
Salona Cotspin Ltd 161 Cr. 306383/22019.3 1470.00 %13.8 %26.6 % 10.0
Nagreeka Exports Ltd 103 Cr. 33.049.8/17.610.7 36.70.00 %3.82 %2.92 % 5.00
Nahar Polyfilms Ltd 484 Cr. 197293/17755.4 3270.76 %5.33 %5.08 % 5.00
Industry Average271.40 Cr200.7020.40197.140.15%6.68%9.44%8.00

Quarterly Result

MonthSep 2017Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales45.4434.1444.2046.8446.9348.3318.7831.0337.3938.4543.5744.80
Expenses38.3229.5643.6442.7543.2046.1025.2429.8134.9836.6941.7442.99
Operating Profit7.124.580.564.093.732.23-6.461.222.411.761.831.81
OPM %15.67%13.42%1.27%8.73%7.95%4.61%-34.40%3.93%6.45%4.58%4.20%4.04%
Other Income1.160.640.800.941.080.780.120.750.740.870.860.52
Interest1.090.710.550.590.700.440.400.480.400.300.360.29
Depreciation1.931.051.061.061.051.071.071.071.071.071.071.07
Profit before tax5.263.46-0.253.383.061.50-7.810.421.681.261.260.97
Tax %52.09%-0.29%0.00%-1.18%87.91%28.00%0.64%-11.90%-104.17%28.57%28.57%27.84%
Net Profit2.523.48-0.243.420.371.08-7.760.473.440.900.900.70
EPS in Rs0.090.12-0.010.110.010.04-0.260.020.110.030.030.02

Last Updated: April 10, 2024, 5:51 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:36 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales15588693101109110172136164
Expenses1350778595108104159136156
Operating Profit289861513-08
OPM %14%14%10%8%6%1%5%8%-0%5%
Other Income0106421323
Interest1232333321
Depreciation1444444444
Profit before tax03384-5-010-45
Tax %282%23%4%-6%42%-25%789%27%34%
Net Profit-13392-617-36
EPS in Rs-0.020.090.090.300.07-0.190.040.23-0.090.19
Dividend Payout %0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)400.00%0.00%200.00%-77.78%-400.00%116.67%600.00%-142.86%
Change in YoY Net Profit Growth (%)0.00%-400.00%200.00%-277.78%-322.22%516.67%483.33%-742.86%

Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:8%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:15%
TTM:202%
Stock Price CAGR
10 Years:%
5 Years:6%
3 Years:55%
1 Year:-51%
Return on Equity
10 Years:%
5 Years:1%
3 Years:5%
Last Year:-7%

Last Updated: April 16, 2024, 6:26 pm

Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20242424252525252525
Reserves-12211161011181618
Borrowings45444237332825261817
Other Liabilities6477111112241815
Total Liabilities70757579857473937675
Fixed Assets54585652495046433937
CWIP0000500000
Investments0000000000
Other Assets17171926312427503738
Total Assets70757579857473937675

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 101267986310
Cash from Investing Activity -44-8-1-0-5-0-1-1-0
Cash from Financing Activity 35-5-5-7-3-8-6-2-10
Net Cash Flow1-2-000-0-0-0-0

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-43.00-36.00-33.00-29.00-27.00-27.00-20.00-13.00-18.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days50132420181510233
Inventory Days1537856636140658853
Days Payable1061121172721313645
Cash Conversion Cycle978060665234445441
Working Capital Days1094229505231545548
ROCE %9%8%15%9%-2%4%19%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
Promoters46.06%47.07%49.19%50.49%50.59%50.61%43.74%43.74%43.74%43.75%37.57%15.23%
FIIs0.00%0.00%0.00%0.00%0.00%0.05%0.06%0.00%0.00%0.00%0.01%0.01%
Public53.94%52.93%50.81%49.51%49.40%49.33%56.19%56.25%56.25%56.26%62.41%84.77%
No. of Shareholders6595414683456611,0803,9652,4032,1803,33232,39291,872

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.112.790.50-2.290.90
Diluted EPS (Rs.)-1.112.790.50-2.290.90
Cash EPS (Rs.)0.604.472.15-0.652.42
Book Value[Excl.RevalReserv]/Share (Rs.)16.2617.2914.5014.0116.30
Book Value[Incl.RevalReserv]/Share (Rs.)16.2617.2914.5014.0116.30
Revenue From Operations / Share (Rs.)54.2268.8543.8243.6440.25
PBDIT / Share (Rs.)0.716.562.591.024.05
PBIT / Share (Rs.)-0.984.870.93-0.612.53
PBT / Share (Rs.)-1.683.85-0.07-1.841.54
Net Profit / Share (Rs.)-1.112.790.49-2.290.89
PBDIT Margin (%)1.329.525.912.3410.07
PBIT Margin (%)-1.827.072.13-1.416.27
PBT Margin (%)-3.095.58-0.16-4.223.82
Net Profit Margin (%)-2.034.051.13-5.252.22
Return on Networth / Equity (%)-6.8016.133.42-16.365.50
Return on Capital Employeed (%)-5.0320.524.44-2.979.85
Return On Assets (%)-3.617.261.69-7.712.65
Long Term Debt / Equity (X)0.200.260.370.350.47
Total Debt / Equity (X)0.430.590.510.610.62
Asset Turnover Ratio (%)1.572.031.481.371.23
Current Ratio (X)1.311.421.231.021.42
Quick Ratio (X)0.670.510.470.570.77
Inventory Turnover Ratio (X)4.675.026.488.006.27
Interest Coverage Ratio (X)1.056.402.570.834.10
Interest Coverage Ratio (Post Tax) (X)-0.603.721.49-0.871.91
Enterprise Value (Cr.)170.08165.5941.7938.0581.43
EV / Net Operating Revenue (X)1.250.960.380.340.80
EV / EBITDA (X)94.6410.106.4514.888.03
MarketCap / Net Operating Revenue (X)1.120.810.210.150.55
Price / BV (X)3.753.240.640.471.38
Price / Net Operating Revenue (X)1.120.810.210.150.55
EarningsYield-0.010.040.05-0.340.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1.12

The stock is overvalued by 52.52% compared to the current price ₹2.35

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (104.40 cr) and profit (2.40 cr) over the years.
  1. The stock has a low average ROCE of 6.44%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 52.22, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 58.67, which may not be favorable.
  4. The company has higher borrowings (31.50) compared to reserves (10.30), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Akshar Spintex Ltd:
    1. Net Profit Margin: -2.03%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -5.03% (Industry Average ROCE: 10.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -6.80% (Industry Average ROE: 15.06%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.60
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.67
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 11.9 (Industry average Stock P/E: 19.54)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.43
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★☆☆☆☆

About the Company

Akshar Spintex Ltd. is a Public Limited Listed company incorporated on 13/06/2013 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17291GJ2013PLC075677 and registration number is 075677. Currently Company is involved in the business activities of Preparation and spinning of textile fibres. Company’s Total Operating Revenue is Rs. 172.11 Cr. and Equity Capital is Rs. 25.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedRevenue Survey No. 102/2, Paiki, Jamnagar Dist. Gujarat 361013info@aksharspintex.in
http://www.aksharspintex.in
Management
NamePosition Held
Mr. Harikrushna Shamjibhai ChauhanChairman & Wholetime Director
Mr. Amit Vallabhbhai GadhiyaManaging Director
Mrs. Ilaben Dineshbhai PaghdarExecutive Director
Mr. Nirala Indubhai JoshiInd. Non-Executive Director
Mr. Rohit Bhanjibhai DobariyaInd. Non-Executive Director
Mr. Parshotam Lakhabhai VasoyaInd. Non-Executive Director

Akshar Spintex Ltd. Share Price Update

Share PriceValue
Today₹2.39
Previous Day₹2.39

FAQ

What is the latest fair value of Akshar Spintex Ltd?

The latest fair value of Akshar Spintex Ltd is ₹1.12.

What is the Market Cap of Akshar Spintex Ltd?

The Market Cap of Akshar Spintex Ltd is 70.8 Cr..

What is the current Stock Price of Akshar Spintex Ltd as on 23 April 2024?

The current stock price of Akshar Spintex Ltd as on 23 April 2024 is 2.35.

What is the High / Low of Akshar Spintex Ltd stocks in FY 2024?

In FY 2024, the High / Low of Akshar Spintex Ltd stocks is ₹7.08/2.10.

What is the Stock P/E of Akshar Spintex Ltd?

The Stock P/E of Akshar Spintex Ltd is 11.9.

What is the Book Value of Akshar Spintex Ltd?

The Book Value of Akshar Spintex Ltd is 1.42.

What is the Dividend Yield of Akshar Spintex Ltd?

The Dividend Yield of Akshar Spintex Ltd is 0.35 %.

What is the ROCE of Akshar Spintex Ltd?

The ROCE of Akshar Spintex Ltd is 3.66 %.

What is the ROE of Akshar Spintex Ltd?

The ROE of Akshar Spintex Ltd is 6.58 %.

What is the Face Value of Akshar Spintex Ltd?

The Face Value of Akshar Spintex Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Akshar Spintex 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