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Akshar Spintex Ltd share Price Today

Company details

2.45
2.60
2.15
7.08
6M Return -54.03%
1Y Return -57.54%
Mkt Cap.(Cr) 73.50
Volume 851,070
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 851,070

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Akshar Spintex Ltd shares SWOT Analysis

Strengths (3)

  • Company with Low Debt
  • Increasing Revenue every Quarter for the past 4 Quarters
  • Company with Zero Promoter Pledge

Weakness (3)

  • Red Flag: High Interest Payments Compared to Earnings
  • Promoter holding decreased by more than -2% QoQ
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects

Resistance and support

R1 2.6
R2 2.6
R3 2.7
Pivot

2.52

S1 2.5
S2 2.4
S3 2.4
EMA SMA
2.5
2.7
3.3
4.1
2.4
2.6
3.2
4.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SHUBHAM ASHOKBHAI PATEL Bulk Sell 2024-04-02 2.45 1691538 NSE
SHUBHAM ASHOKBHAI PATEL Bulk Purchase 2024-03-28 2.41 1583691 BSE
SHUBHAM ASHOKBHAI PATEL Bulk Sell 2024-03-28 2.22 191063 BSE
Name Category Shares
REKHABEN HARIKRUSHNABHAI CHAUHAN PROMOTER 8.05%
HARIKRUSHNA SHAMJIBHAI CHAUHAN PROMOTER 1.96%
AMIT VALLABHBHAI GADHIYA PROMOTER 1.86%

FINANCIALS

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

Akshar Spintex Ltd Stocks COMPARISON

Financials( in Cr) Akshar Spintex Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 2.45 2,423.65 40.20 2,253.85 144.15
% Change -5.77 2.28 4.28 4.33 1.80
Mcap Cr 73.50 164,941.50 20,485.74 15,004.78 14,008.61
Revenue TTM Cr 135.53 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr -2.76 11,078.20 441.61 536.96 202.51
PE TTM 12.60 28.49 48.83 8.87 20.73
1 Year Return -57.54 40.38 22.56 40.79 54.50
ROCE -3.65 9.04 11.89 21.11 5.91
ROE -6.58 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 40.64 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 44,248.95 -31,659.16
LAST 3M 105,886.10 -43,482.14
LAST 6M 173,149.22 48,654.40
LAST 12M 264,707.07 127,969.33
NSE Board Meetings Forthcomming

May 20, 2024 l NSE Board Meetings Forthcomming

Board Meeting for Today

May 20, 2024 l Board Meetings for Today

Date Action Type Ratio
Feb 15, 2024 Bonus 1:5
Jan 04, 2024 Dividend 1
Jul 31, 2023 Split 1:10

Akshar Spintex Ltd Information

Stock PE (TTM)
12.6
Promoter Holding
12.04%
Book Value
1.4177
ROCE
-3.65%
ROE
-6.58%
Description
  • 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.

Registered Address

Revenue Survey No. 102/2 Paiki, Plot No 2 Ranuja Road Kalavad, Jamnagar, Gujarat, 361013

Tel : 91-9825213622
Email : admin:aksharspintex.in
Website : http://www.aksharspintex.in
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 541303
NSE Code : AKSHAR
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE256Z01025

FAQ’s on Akshar Spintex Ltd Shares

You can buy Akshar Spintex Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Akshar Spintex Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:54 PM the closing price of Akshar Spintex Ltd was Rs.2.45.

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 May 17, 2024 03:54 PM, the market cap of Akshar Spintex Ltd stood at Rs. 73.50.

The latest PE ratio of Akshar Spintex Ltd as of May 17, 2024 03:54 PM is 12.60

The latest PB ratio of Akshar Spintex Ltd as of May 17, 2024 03:54 PM is 0.58

The 52-week high of Akshar Spintex Ltd share price is Rs. 7.08 while the 52-week low is Rs. 2.15

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