Akshar Spintex Limited
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- Market Cap.:
- ₹1.89 billion
- Book Value:
- Revenue TTM:
- ₹1.26 billion
- Operating Margin TTM:
- Gross Profit TTM:
- ₹176.28 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Akshar Spintex Limited had its IPO on under the ticker symbol AKSHAR.
The company operates in the Consumer Cyclical sector and Textile Manufacturing industry. Akshar Spintex Limited has a staff strength of 0 employees.
Shares of Akshar Spintex Limited opened at ₹7.45 at the start of the last trading session i.e. 2023-09-13.
The stocks traded within a range of ₹6.95 - ₹7.45, and closed at ₹7.
This is a -4.11% slip from the previous day's closing price.
A total volume of 55,290 shares were traded at the close of the day’s session.
In the last one week, shares of Akshar Spintex Limited have slipped by -4.11%.
Akshar Spintex Limited's Key Ratios
Akshar Spintex Limited has a market cap of ₹1.89 billion, indicating a price to book ratio of 0 and a price to sales ratio of 0.
In the last 12-months Akshar Spintex Limited’s revenue was ₹1.26 billion with a gross profit of ₹176.28 million and an EBITDA of ₹-10459500. The EBITDA ratio measures Akshar Spintex Limited's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Akshar Spintex Limited’s operating margin was -4.24% while its return on assets stood at -3.52% with a return of equity of -6.59%.
In Q2, Akshar Spintex Limited’s quarterly earnings growth was a negative -16.3% while revenue growth was a negative 20.4%.
Akshar Spintex Limited’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at ₹-0.12 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Akshar Spintex Limited’s profitability.
Akshar Spintex Limited stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.
Akshar Spintex Limited stock pays annual dividends of ₹0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- ₹764.41 million
- Total Liabilities
- ₹273.81 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Akshar Spintex Limited ended 2023 with ₹764.41 million in total assets and ₹0 in total liabilities. Its intangible assets were valued at ₹764.41 million while shareholder equity stood at ₹406.42 million.
Akshar Spintex Limited ended 2023 with ₹0 in deferred long-term liabilities, ₹273.81 million in other current liabilities, 249990000.00 in common stock, ₹156.43 million in retained earnings and ₹0 in goodwill. Its cash balance stood at ₹174000.00 and cash and short-term investments were ₹174000.00. The company’s total short-term debt was ₹93,623,000 while long-term debt stood at ₹83.12 million.
Akshar Spintex Limited’s total current assets stands at ₹359.54 million while long-term investments were ₹0 and short-term investments were ₹0. Its net receivables were ₹121.30 million compared to accounts payable of ₹147.91 million and inventory worth ₹173.77 million.
In 2023, Akshar Spintex Limited's operating cash flow was ₹0 while its capital expenditure stood at ₹0.
Comparatively, Akshar Spintex Limited paid ₹0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Akshar Spintex Limited stock is currently trading at ₹7 per share. It touched a 52-week high of ₹12.325 and a 52-week low of ₹12.325. Analysts tracking the stock have a 12-month average target price of ₹.
Its 50-day moving average was ₹7.31 and 200-day moving average was ₹6.72 The short ratio stood at 0 indicating a short percent outstanding of 0%.
Around 7495.2% of the company’s stock are held by insiders while 0% are held by institutions.
Frequently Asked Questions About Akshar Spintex Limited
Similar Industry Stocks (Textile Manufacturing)
Akshar Spintex Limited engages in the spinning, manufacturing, and trading of spun cotton yarns primarily in India. It offers cotton, organic and BCI certified cotton, viscose, modal, and excel fibers; carded, semi combed, and combed cotton yarns; and slub, core spun, TFO, Eli twist, fancy, melange, blended, BCI certified, and organic yarns. The company was incorporated in 2013 and is based in Rajkot, India.