Akshar Spintex Ltd share Price Today

Akshar Spintex Limited is a leading textile manufacturing & trading company having a market capitalization worth Rs. 26 crores as of 10th May 2021. The company was incorporated in the year 2013 as a private limited company and has reported an annual turnover of Rs. 109.09 crores by the end of March 2020. It has reported its half-yearly revenue of Rs. 40.79 lacs at the end of September'20. Akshar Spintex Limited can be found on the Bombay Stock Exchange (BSE) with the code 541303. The company claims to be the industry leader in India for producing high-quality cotton yarn, with 7500 MT of cotton yarn produced each year. It manufactures combed, semi-combed, and carded yarn. Akshar Spintex has its manufacturing facility at Kalavad of Rajkot District in Gujarat with a 183437 square feet area, which is among the richest cotton-growing areas of Gujarat. It uses modern german and Japanese technology in producing cotton yarns. There are 217 permanent employees on rolls of the company and average percentile increases already made in employees' salaries during the last financial year. The company's promoters include Ashok Bhalala, Amit Gadhiya, Rekhaben Chauhan, and Harikrishna Chauhan, having a sound cognizance of the manufacturing process, marketing, finance, and all kinds of other commercial activities and experience of the industry in which they operate. The textile industry is highly diversified, and under the conditions of uncertain price fluctuation, cut-throat competition, and strict restrictions imposed in the country due to the covid-19 company is turned into a loss-making unit together with a negative EPS of -2.29 as of March 2020. However, the company has maintained its competitive position in the industry and has emerged as a strong player. Akshar Spintex Limited reported its debt-to-equity ratio at 0.81 with zero promoter pledge as of March 2020. The company's revenue has grown at an unprecedented annual rate of 48% against the industry average of -3.14% over the last five years.