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Acknit Industries Ltd share Price Today

Company details

318.00
333.00
198.00
369.45
6M Return 25.50%
1Y Return 48.57%
Mkt Cap.(Cr) 100.02
Volume 184
Div Yield 0.46%
OI
-
OI Chg %
-
Volume 184

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Acknit Industries Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 3 quarters

Weakness (2)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Degrowth in Revenue and Profit

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 335.3
R2 347.6
R3 355.3
Pivot

327.65

S1 315.4
S2 307.7
S3 295.4
EMA SMA
319.0
304.7
288.9
268.1
316.9
303.2
276.7
271.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BYNASONS Bulk Sell 2023-05-15 147.96 24677 BSE
VED PRAKASH AGARWAL Bulk Purchase 2022-01-04 152.76 28000 BSE
A K GUPTA Bulk Purchase 2021-07-09 134.31 16626 BSE
Name Category Shares
SHRI KRISHAN SARAF PROMOTER 14.27%
DEO KISHAN SARAF PROMOTER 7.52%
KUSUM SARAF PROMOTER 5.61%
ABHISHEK SARAF PROMOTER 4.73%
SHRI KRISHAN SARAF (HUF) PROMOTER 4.53%
DEO KISHAN SARAF (HUF) PROMOTER 4.48%
RASHI SARAF PROMOTER 2.8%
RITULA SARAF PROMOTER 2.23%
ADITYA SARAF PROMOTER 1.37%
SARAF CAPITAL MARKETS LTD. PROMOTER 2.8%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Acknit Industries Ltd Stocks COMPARISON

Financials( in Cr) Acknit Industries Ltd Grasim Industries Ltd Trident Ltd Welspun Living Ltd Vardhman Textiles Ltd
Price 329.00 2,756.25 37.18 172.48 532.00
% Change 7.13 -1.64 -1.59 4.20 0.07
Mcap Cr 100.02 187,576.59 18,946.76 16,761.74 15,384.11
Revenue TTM Cr 215.65 117,627.08 6,808.83 8,093.76 10,137.49
Net Profit TTM Cr 7.94 11,078.20 349.99 202.51 804.75
PE TTM 11.48 30.43 55.26 25.14 24.74
1 Year Return 48.57 58.76 11.15 78.74 47.02
ROCE 12.45 9.04 10.48 5.91 11.62
ROE 13.70 14.35 8.23 5.03 9.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 61.73 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,657.67 50,536.31
LAST 3M 100,816.35 52,758.00
LAST 6M 183,679.85 45,520.24
LAST 12M 311,925.41 84,454.62

Acknit Industries Ltd Information

Stock PE (TTM)
11.48
Promoter Holding
50.34%
Book Value
259.2434
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 : cs:acknitindia.com; calcutta:acknitindia.com
Website : http://www.acknitindia.com
Registrar

S K Infosolutions Pvt Ltd

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

FAQ’s on Acknit Industries Ltd Shares

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 Jul 19, 2024 01:55 PM the closing price of Acknit Industries Ltd was Rs.329.00.

The latest PE ratio of Acknit Industries Ltd as of Jul 19, 2024 01:55 PM is 11.48

The latest PB ratio of Acknit Industries Ltd as of Jul 19, 2024 01:55 PM is 0.80

The 52-week high of Acknit Industries Ltd share price is Rs. 369.45 while the 52-week low is Rs. 198.00

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 Jul 19, 2024 01:55 PM, the market cap of Acknit Industries Ltd stood at Rs. 100.02 Cr.

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