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Axita Cotton Ltd share Price Today

Company details

22.00
22.30
19.05
35.40
6M Return 6.56%
1Y Return 7.75%
Mkt Cap.(Cr) 576.54
Volume 373,517
Div Yield 0.45%
OI
-
OI Chg %
-
Volume 373,517

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Axita Cotton Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Annual Net Profits improving for last 2 years

Weakness (6)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining Revenue every quarter for the past 2 quarters
  • Low Piotroski Score : Companies with weak financials

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • RSI indicating price weakness

Resistance and support

R1 22.1
R2 22.3
R3 22.4
Pivot

22.00

S1 21.9
S2 21.8
S3 21.6
EMA SMA
22.5
23.0
23.5
24.0
22.8
22.6
24.6
22.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-09 32.76 1323003 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-09 32.79 1323003 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-08 32.08 1377142 NSE
Name Category Shares
Nitinbhai Govindbhai Patel PROMOTER 34.71%
Kushal Nitinbhai Patel PROMOTER 23.06%
Gitaben Nitinbhai Patel PROMOTER 3.33%
Amitkumar Govindbhai Patel PROMOTER 1.54%

FINANCIALS

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

Axita Cotton Ltd Stocks COMPARISON

Financials( in Cr) Axita Cotton Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 22.10 2,442.85 38.30 2,232.00 143.45
% Change 0.68 -0.16 0.39 -1.12 0.14
Mcap Cr 576.54 166,248.16 19,517.51 14,859.32 13,940.59
Revenue TTM Cr 552.60 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 17.04 11,078.20 441.61 536.96 202.51
PE TTM 28.19 28.65 55.29 8.97 20.45
1 Year Return 7.75 42.73 11.50 43.07 52.53
ROCE 48.81 9.04 11.89 21.11 5.91
ROE 38.45 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 52.37 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -30,251.22
LAST 3M 104,708.81 -33,860.28
LAST 6M 170,310.47 50,918.71
LAST 12M 264,009.23 128,860.46

Axita Cotton Ltd Information

Stock PE (TTM)
28.19
Promoter Holding
62.77%
Book Value
2.475
ROCE
48.81%
ROE
38.45%
Description
  • Axita Cotton Limited was incorporated as private limited company with the name `Axita Cotton Private Limited` at Ahmedabad on July 16, 2013. Consequent up on the conversion of the Company from Private Limited Company to Public Limited Company, the name of the Company was changed to `Axita Cotton Limited` on October 15, 2018. Before incorporating the company, the Promoters, Mr. Nitinbhai Govindbhai Patel and Mr. Amitkumar Govindbhai Patel along with other relatives started business under a Partnership Firm named, Aditya Oil Industries (`firm`) in the year 2007. It was formed to start business of production and trading of Seed cotton (`Kapas`), Cotton Seed, Cotton Seed Oil, Cotton cake etc and for which land admeasuring area of 5708 Square Meters was acquired at Chattral, Kadi Road, Mehsana. There were 6 oil expeller installed for producing cotton seed oil in Aditya Oil Industries and the firm has an annual capacity of producing approximately 3153.6 MT/ Per annum of cotton seed oil. After two years, firm was successful in making good profits from production and selling cotton seed oil, promoters expanded business by adding corn oil to their product portfolio by installing machineries for corn oil production in the same space of land. In the year 2011, firm acquired land adjacent to existing land at Kadi and set up the cotton Ginning and Pressing Plant, having installed capacity of processing 26280 MT/ Per annum of seed cotton. After gaining experience of 2 years in cotton industry, the promoters acquired land admeasuring area of 9961 Square Meteres at Survey No. 324, 357, 358, Kadi Thol Road, Borisana, Kadi, Mahesana and floated the company in the year 2013. The company was established with the main aim of conducting business of Ginning and Pressing of seed cotton (`Kapas`). The Company has installed 48 Ginning and Pressing machines which is having capacity of processing 87,600 MT/Per annum of seed cotton. This plant is equipped with modern and automatic plant and machinery. The Company is producing cotton bales and cotton seeds. It is producing mainly two varieties of cotton bales namely Shankar-6 and MCU-5/MECH. The production facility of the Company is situated at Kadi in Mahesana District of Gujarat state which is close to the rich cotton growing areas of Maharashtra, Saurashtra and other regions of Gujarat. The Company is also engaged in the business of trading of Kapas, cotton bales and cotton seeds. It is also doing ginning and pressing of Kapas on job work basis. It is ISO 9001:2015 certified company by OCI (Optimum Certifications INC.). It is also member of Better Cotton Initiatives (Independent Organization) which promotes better standards in cotton farming and practices across various countries. The Company is also registered under Textile Certification Global Organic Textile Standard (GOTS) Standard. Then after in 2015, under leadership of one of the Promoter - Mr. Kushal Nitinbhai Patel started exporting its products through merchandise exporters. From Financial year 2016-2017 onwards, the company also commenced exporting its products directly to few countries namely Pakistan, Bangladesh and Vietnam. During the FY 2016, the promoters again floated a new private limited company named, Axita Exports Private Limited (`AEPL`), a group company, which was incorporated with the aim of exporting of cotton bales to various countries. AEPL exports cotton bales in Bangladesh, Vietnam, China and Pakistan, purchased from Axita Cotton and also exports locally purchased cotton bales from other suppliers.

Registered Address

Survey No 324,357,358, Kadi Thol Road Borisana Kadi, Mahesana, Gujarat, 382715

Tel : 91-63587 47514
Email : cs:axitacotton.com
Website : http://www.axitacotton.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 542285
NSE Code : AXITA
Book Closure Date (Month) :
BSE Group : B
ISIN : INE02EZ01022

FAQ’s on Axita Cotton Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 09:29 AM the closing price of Axita Cotton Ltd was Rs.22.10.

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 22, 2024 09:29 AM, the market cap of Axita Cotton Ltd stood at Rs. 576.54.

The latest PE ratio of Axita Cotton Ltd as of May 22, 2024 09:29 AM is 28.19

The latest PB ratio of Axita Cotton Ltd as of May 22, 2024 09:29 AM is 0.11

The 52-week high of Axita Cotton Ltd share price is Rs. 35.40 while the 52-week low is Rs. 19.05

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