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Akshar Spintex Ltd share price logo

Akshar Spintex Ltd

(AKSHAR)

₹0.71▲1.43%

as on 04:01PM, 22 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Akshar Spintex Ltd Performance

  • ₹0.71
    ₹0.71

  • 52 Week's Low

    52 Week's High

    ₹0.68
    ₹4.39
1 Month Return-32.04 %
3 Month Return-52.05 %
1 Year Return-88.56 %
Previous Close₹0.70
Open₹0.71
Volume8.02L
Upper Circuit-
Lower Circuit-
Market Cap₹55.12Cr

Akshar Spintex Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹55.12 Cr
P/B Ratio1.51
EPS0
Dividend Yield0
SectorTextiles
ROE8.19

Akshar Spintex Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
Akshar Spintex Ltd
Akshar Spintex Ltd
NA₹55.12 Cr-17.78%0.65NANA
Raj Rayon Industries Ltd
Raj Rayon Industries Ltd
NA₹1,294.00 Cr9288%0.81NANA
Nandan Denim Ltd
Nandan Denim Ltd
NA₹723.62 Cr80.4%0.68NANA
Vishal Fabrics Ltd
Vishal Fabrics Ltd
NA₹435.73 Cr-11.81%0.74NANA
Aditya Spinners Ltd
Aditya Spinners Ltd
NA₹45.64 Cr112.98%0.63NANA
See all

About Akshar Spintex Ltd

Akshar Spintex Limited was incorporated in 2013 as a private limited company and converted into a public limited company in 2017. The company is engaged in the production of 100 cotton-based yarn which includes combed, semi-combed, and carded yarn. Their manufacturing facility is situated in Kalavad, Rajkot, Gujarat spread across 183437 sq. ft. It is close to the cotton-growing region of Gujarat. The promoters of the company Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan, and Rekhaben Chauhan have extensive knowledge and experience in the cotton and textile industry. On April 12th, 2016 Abhishekbhai Tala transferred his 866,000 Equity Shares to Amit and Nayan Gadhiya, respectively. Whereas, Ashok Dudhagara, Bakulesh Jani, and Tarish Trivedi had transferred all their 5,000, 1,000, and 1,000 Shares to Rekhaben Chauhan on January 28, 2014.

Share Price: ₹0.71 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹55.12Cr as of today
Listing date: 23 May, 2022
Chairperson Name: Harikrishna Chauhan
OrganisationAkshar Spintex Ltd
HeadquartersRajkot
IndustryTextiles
E-voting on sharesClick here to vote

Key events for Akshar Spintex Ltd

  • Akshar Spintex Reports Significant Decline in Sales - 22 Nov, 2024

    Akshar Spintex reported a 46.76% decline in net sales to Rs 23.19 crore for September 2024, with a net loss of Rs 1.60 crore. The company's EBITDA also turned negative, reflecting ongoing financial struggles. Shares closed at 0.70, showing a steep decline of 72.55% over the last six months and 87.99% over the past year.

Insights on Akshar Spintex Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 99.28% to 99.73% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 0.72% to 0.27% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, AKSHAR stock has moved down by -32.0%

Akshar Spintex Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹74.99Cr (-)₹96.11Cr (↑28.16%)₹80.61Cr (↓16.13%)₹77.34Cr (↓4.06%)
Total Liabilities₹38.73Cr (-)₹52.88Cr (↑36.53%)₹39.97Cr (↓24.41%)₹33.46Cr (↓16.29%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹7.79Cr (-)₹6.14Cr (↓21.18%)₹2.92Cr (↓52.44%)₹9.84Cr (↑236.99%)₹4.77Cr (↓51.52%)
0

Akshar Spintex Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0.27%
-61.91
Foreign Institutions
0%
0.00
Mutual Funds
0%
0.00
Retail Investors
99.73%
0.45
Others
0%
0.00

Akshar Spintex Ltd Key Indicators

Details20202021202220232024
Return On Equity %-15.123.4817.66-6.588.19

Akshar Spintex Ltd Earnings and Dividends

  • Akshar Spintex Ltd Earnings Results

    Akshar Spintex Ltd’s net profit fell -277.78% since last year same period to ₹-1.60Cr in the Q2 2024-2025. On a quarterly growth basis, Akshar Spintex Ltd has generated -353.97% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • Akshar Spintex Ltd Dividends December,2023

    In the quarter ending September 2023, Akshar Spintex Ltd has declared dividend of ₹0.01 - translating a dividend yield of 1.43%.

    Read More about Dividends

Akshar Spintex Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Akshar Spintex Ltd is currently in a Bearish trading position according to technical analysis indicators.

More on Technical Analysis

FAQs on Akshar Spintex Ltd

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Akshar Spintex Ltd (AKSHAR) share price today is ₹0.71

Akshar Spintex Ltd is listed on NSE

Akshar Spintex Ltd is listed on BSE

  • Today’s highest price of Akshar Spintex Ltd is ₹0.71.
  • Today’s lowest price of Akshar Spintex Ltd is ₹0.71.

Today’s traded volume of Akshar Spintex Ltd(AKSHAR) is 8.02L.

Today’s market capitalisation of Akshar Spintex Ltd(AKSHAR) is ₹55.12Cr.

Akshar Spintex Ltd(AKSHARPrice
52 Week High
₹4.39
52 Week Low
₹0.68

Akshar Spintex Ltd(AKSHAR) share price is ₹0.71. It is down -83.83% from its 52 Week High price of ₹4.39

Akshar Spintex Ltd(AKSHAR) share price is ₹0.71. It is up 4.41% from its 52 Week Low price of ₹0.68

Akshar Spintex Ltd(AKSHARReturns
1 Day Returns
0.01%
1 Month Returns
-32.04%
3 Month Returns
-52.05%
1 Year Returns
-88.56%