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Akshar Spintex Ltd

AKSHAR
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹73 cr, stock is ranked 2,948
High RiskStock is 5.14x as volatile as Nifty
2.400.05 (-2.04%)

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Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹73 cr, stock is ranked 2,948
High RiskStock is 5.14x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
12.39
PB RatioPB Ratio
1.81
Dividend YieldDiv. Yield
Sector PESector PE
55.11
Sector PBSector PB
8.12
Sector Div YldSctr Div Yld
0.47%

Forecast & RatingsDetailed Forecast 

Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Akshar Spintex Limited is an India-based company, which is principally engaged in the business of manufacturing and trading of spun cotton yarn.

Financial TrendFinancial statements 

2020202120222023111.09110.88175.57137.92-5.741.247.03-2.76
Revenue
Profit
Loss
All values in ₹ cr.
See financial statements

Holdings TrendDetailed holdings 

Decreased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 31.71%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent NewsAll news 

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Recent EventsAll events 

Outcome of Board Meeting 
Announced OnApr 30, 2024

Akshar Spintex Limited has informed the Exchange regarding Board meeting held on April 30, 2024 Considered and approved the Draft Letter of Offer for proposed Right Issue of Shares. | Download

Akshar Spintex Limited has informed the Exchange regarding Board meeting held on April 30, 2024 Considered and approved the Draft Letter of Offer for proposed Right Issue of Shares. | Download

Appointment 
Announced OnApr 22, 2024

Akshar Spintex Limited has informed the Exchange regarding Appointment of Ms D N Vora and Associates as Secretarial Auditor of the company w.e.f. April 22, 2024. | Download

Akshar Spintex Limited has informed the Exchange regarding Appointment of Ms D N Vora and Associates as Secretarial Auditor of the company w.e.f. April 22, 2024. | Download

Cash Dividend 
Ex. DateJan 4, 2024

Interim • Div/Share: ₹ 0.01

See all events