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Acknit Industries Ltd

Company details

151.00
158.25
117.10
194.00
6M Return 4.08%
1Y Return 16.79%
Mkt Cap.(Cr) 46.51
Volume 1,578
Div Yield 0.98%
OI
-
OI Chg %
-
Volume 1,578

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 61.73 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 10,846.35 -17,022.91
LAST 3M 25,915.29 -5,903.92
LAST 6M 50,214.07 67,090.14
LAST 12M 182,243.81 -105,158.90

INFORMATION

Stock PE (TTM)

4.96

Promoter Holding

50.34%

Book Value

216.2178

ROCE

12.45%

ROE

13.7%

Description

  • Acknit Industries Limited is a textile sector company, having its market capitalization worth Rs.30.64 crores as of 12th May 2021. The company was incorporated in 1990. The company has reported its total annual revenue of Rs.172.90 crores at the end of March 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 530043 and is not listed on the National Stock Exchange (NSE). The share price today, as of 12th May 2021, stands at Rs. 100.8 on Bombay Stock Exchange. Acknit Industries Limited was originally set up as a Private Limited Company under the Companies Act, 1956, in West Bengal. This company was subsequently converted into a Public Limited Company after changing the name to Acknit Knitting Limited in August 1994. In 1991, the company set up a 100% export-oriented unit at the Falta Export Processing Zone in West Bengal by installing 20 fully computerized machines imported from Japan for knitting. The unit began with commercial production and had been successfully exporting since then. Notable penetration in the overseas market based on quality products, the company was awarded grant assistance in 1993-94 by Bank of Baroda under the World Bank aided Export Development Fund. In 2008, the company was renamed Acknit Industries Limited. The company has three divisions: the seamless gloves division, the industrial leather products division, and the industrial garments division. It operates in 4 segments: the power generation segment, own manufactured cotton and synthetic gloves, and other and traded items. It has three different manufacturing units in Kolkata. Acknit Industries Limited reported total revenue of Rs. 25.21 crores as of the quarter ended June 2020. The net profit for the same tenure was Rs. 0.42 crores, and the EPS stood at Rs. 1.38. The company witnessed a growth in the Net Profit with an increasing quarter-on-quarter profit margin. It is a company with improving book value per share for the last two years and high RoCE. However, the company's cash flow is declining along with a growth in the year-on-year costs for the long-term projects. The year-on-year growth in the company's revenue was 5.51% as of the year ended March 2020.

Registered Address

817 Krishna, 224 A J C Bose Road, Kolkata, West Bengal, 700017

Tel : 91-33-22878293
Email : calcutta:acknitindia.com
Website : http://www.acknitindia.com

Registrar

S K Computers

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 530043
NSE Code :
Book Closure Date (Month) : Sep
BSE Group : X
ISIN : INE326C01017

ICICIdirect Acknit Industries Ltd FAQ

You can buy Acknit Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Acknit Industries Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 25, 2023 04:01 PM the closing price of Acknit Industries Ltd was ₹ 153.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 25, 2023 04:01 PM, the market cap of Acknit Industries Ltd stood at ₹ 46.51.
The latest PE ratio of Acknit Industries Ltd as of Jan 25, 2023 04:01 PM is 4.96
The latest PB ratio of Acknit Industries Ltd as of Jan 25, 2023 04:01 PM is 1.41
The 52-week high of Acknit Industries Ltd is ₹ 194.00 while the 52-week low is ₹ 117.10

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