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Axita Cotton Ltd share price logo

Axita Cotton Ltd

(AXITA)

₹12.423.87%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Axita Cotton Ltd Performance

  • Day's Low

    Day's High

    ₹12.4
    ₹13.09
  • 52 Week's Low

    52 Week's High

    ₹12.4
    ₹26.55
1 Month Return-13.29 %
3 Month Return-28.66 %
1 Year Return-16.91 %
Previous Close₹12.92
Open₹13.07
Volume37.00L
Upper Circuit-
Lower Circuit-
Market Cap₹449.32Cr

Axita Cotton Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹449.32 Cr
P/B Ratio8.46
EPS0
Dividend Yield0
SectorTextiles
ROE34.79

Axita Cotton Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹449.32 Cr5.21%0.64NANA
NA₹357.29 Cr151.86%0.82NANA
NA₹571.65 Cr96.83%0.68₹9 Cr₹1,471 Cr
SELL₹3,697.20 Cr-3.29%0.74NANA
NA₹101.18 Cr26.82%0.57NANA

About Axita Cotton Ltd

Axita Cotton Limited was incorporated in 2013 by Promoters Mr. Nitinbhai Govindbhai Patel and Mr. Amitkumar Govindbhai Patel in Ahmedabad, India. The company built a cotton ginning and pressing plant with a capacity of 87600 MT/Per annum of seed cotton. The company produces two varieties of cotton bales (Shankar6 and MCU5/MECH) and trades in areas such as Kapas cotton bales and cotton seeds. It is an ISO 9001:2015 certified company and is also affiliated with the Better Cotton Initiatives Independent Organization. In 2015, under the leadership of one of the Promoters, Mr. Kushal Nitinbhai Patel, Axita Cotton started exporting its products to countries such as Bangladesh, Pakistan, Vietnam and China. In 2016, the Promoters also incorporated Axita Exports Private Limited for the purpose of exporting cotton bales to various countries. Axita Exports also exports cotton bales that are purchased from other suppliers, in addition to those purchased from Axita Cotton.

Share Price: ₹12.42 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹449.32Cr as of today
Revenue: ₹129.89Cr as on September 2024 (Q3 24)
Net Profit: ₹0.44Cr as on September 2024 (Q3 24)
Listing date: 21 Jun, 2022
Chairperson Name: Nitinbhai Govindbhai Patel
OrganisationAxita Cotton Ltd
Headquarters
IndustryTextiles
E-voting on sharesClick here to vote

Key events for Axita Cotton Ltd

  • Axita Cotton Surges on Bonus Issue Announcement - 21 Sep, 2024

    Axita Cotton's stock surged nearly 16% due to the ex-date for a 1:3 bonus issue. The stock closed at Rs 17.32, up 6.72% on BSE. Despite a YTD drop of 14%, strong fundamentals and a healthy debt-to-equity ratio indicate potential for growth.

  • Axita Cotton Announces Bonus Issue and Strong Returns - 14 Sep, 2024

    Axita Cotton Limited has declared a 1:3 bonus issue, with a record date set for September 20, 2024. The stock has delivered a remarkable 561% return over the past three years. For Q1FY25, the company reported revenue of Rs 154.93 crore and a net profit of Rs 3.54 crore, with an EPS of Rs 0.13. The stock closed at Rs 21.84, down 1.93%. A final dividend of Rs 0.10 per share was also announced, with an ex-date of August 28, 2024.

  • Axita Cotton Reports Mixed Financial Performance - 26 Aug, 2024

    Axita Cotton's stock rose 0.5% to Rs. 24.68, despite a 32% YoY decline in Q1FY25 revenue to Rs. 155 crores and a 38.6% drop in profit. The company has a market cap of Rs. 629.5 crores and reported a return on equity of 34.8%. While it delivered a 23% return over the past year, it faced a 9.8% decline year-to-date.

Insights on Axita Cotton Ltd

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

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.52% to 1.96% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 36.71% to 56.12% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 27.5% return, outperforming this stock by 44.4%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, AXITA stock has moved down by -7.1%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 62.77% to 41.93% in Sep 2024 quarter

Axita Cotton Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹107.23Cr (-)₹108.78Cr (↑1.45%)₹80.81Cr (↓25.71%)₹98.38Cr (↑21.74%)
Total Liabilities₹85.41Cr (-)₹72.51Cr (↓15.10%)₹28.44Cr (↓60.78%)₹33.81Cr (↑18.88%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹5.89Cr (-)₹3.82Cr (↓35.14%)₹9.39Cr (↑145.81%)₹7.26Cr (↓22.68%)-₹13.20Cr (↓281.82%)
0

Axita Cotton Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
41.93%
-33.21
Foreign Institutions
1.96%
276.51
Mutual Funds
0%
0.00
Retail Investors
56.12%
52.87
Others
0%
0.00

Axita Cotton Ltd Key Indicators

Details20202021202220232024
Return On Equity %1.9518.753.0638.4534.79

Axita Cotton Ltd Earnings and Dividends

  • Axita Cotton Ltd Dividends April,2024

    In the quarter ending March 2024, Axita Cotton Ltd has declared dividend of ₹0.10 - translating a dividend yield of 1.61%.

    Read More about Dividends

Axita Cotton Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Axita Cotton Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Axita Cotton Ltd (AXITA) share price today is ₹12.42

Axita Cotton Ltd is listed on NSE

Axita Cotton Ltd is listed on BSE

  • Today’s highest price of Axita Cotton Ltd is ₹13.09.
  • Today’s lowest price of Axita Cotton Ltd is ₹12.4.

Today’s traded volume of Axita Cotton Ltd(AXITA) is 37.00L.

Today’s market capitalisation of Axita Cotton Ltd(AXITA) is ₹449.32Cr.

Axita Cotton Ltd(AXITAPrice
52 Week High
₹26.55
52 Week Low
₹12.4

Axita Cotton Ltd(AXITA) share price is ₹12.42. It is down -53.22% from its 52 Week High price of ₹26.55

Axita Cotton Ltd(AXITA) share price is ₹12.42. It is up 0.16% from its 52 Week Low price of ₹12.4

Axita Cotton Ltd(AXITAReturns
1 Day Returns
-0.5%
1 Month Returns
-13.29%
3 Month Returns
-28.66%
1 Year Returns
-16.91%