Annuncio • May 19
Acknit Industries Limited to Report Q4, 2026 Results on May 27, 2026 Acknit Industries Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$10m (₹749.7m market cap, or US$8.15m). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹4.79 (vs ₹5.83 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.79 (down from ₹5.83 in 3Q 2025). Revenue: ₹515.2m (down 6.8% from 3Q 2025). Net income: ₹14.6m (down 18% from 3Q 2025). Profit margin: 2.8% (down from 3.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annuncio • Feb 04
Acknit Industries Limited to Report Q3, 2026 Results on Feb 11, 2026 Acknit Industries Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Dec 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (₹847.7m market cap, or US$9.44m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Nov 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹924.2m market cap, or US$10.4m). Annuncio • Nov 08
Acknit Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Acknit Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Sep 03
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.6%). Declared Dividend • Aug 20
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 8th September 2025 Payment date: 15th October 2025 Dividend yield will be 0.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Aug 19
Acknit Industries Limited, Annual General Meeting, Sep 15, 2025 Acknit Industries Limited, Annual General Meeting, Sep 15, 2025, at 15:00 Indian Standard Time. Location: bhartiya bhasha parishad auditorium, 36a shakespeare sarani, kolkata-700 017., kolkata India New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Market cap is less than US$10m (₹854.5m market cap, or US$9.77m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). New Risk • Aug 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹875.5m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Market cap is less than US$10m (₹875.5m market cap, or US$9.98m). Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: ₹5.62 (vs ₹6.53 in 1Q 2025) First quarter 2026 results: EPS: ₹5.62 (down from ₹6.53 in 1Q 2025). Revenue: ₹553.7m (down 3.2% from 1Q 2025). Net income: ₹17.1m (down 14% from 1Q 2025). Profit margin: 3.1% (down from 3.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Annuncio • Jul 28
Acknit Industries Limited to Report Q1, 2026 Results on Aug 04, 2025 Acknit Industries Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹334, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 132% over the past three years. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹29.59 (vs ₹28.13 in FY 2024) Full year 2025 results: EPS: ₹29.59 (up from ₹28.13 in FY 2024). Revenue: ₹2.41b (up 9.2% from FY 2024). Net income: ₹90.0m (up 5.2% from FY 2024). Profit margin: 3.7% (down from 3.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 28
Acknit Industries Limited Recommends Dividend for the Financial Year Ended on March 31, 2025 Acknit Industries Limited at its board meeting held on May 28, 2025 recommended for payment of dividend of 15% (i.e. INR 1.50 per equity share of INR 10 per each fully paid-up) for the financial year ended on 31st March, 2025 subject to the approval of the shareholders at the ensuing Annual General Meeting. Annuncio • May 23
Acknit Industries Limited to Report Q4, 2025 Results on May 28, 2025 Acknit Industries Limited announced that they will report Q4, 2025 results on May 28, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹5.83 (vs ₹6.58 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.83 (down from ₹6.58 in 3Q 2024). Revenue: ₹552.9m (up 19% from 3Q 2024). Net income: ₹17.7m (down 11% from 3Q 2024). Profit margin: 3.2% (down from 4.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 12
Acknit Industries Limited Announces Change in Company Secretary and Compliance Officer Acknit Industries Limited announced that at its board meeting held on 12 February 2025, transacted the following: the resignation of Mr. Ravi Kumar Bahl from the post of Company Secretary & Compliance Officer due to personal reasons, with effect from 12 February 2025 and Ms. Paulumi Mukherjee has been appointed as the Company Secretary & Compliance Officer of the Company, with effect from 13 February 2025. Ms Paulami Mukherjee is a Company Secretary with over 9 years of experience in corporate compliance and legal affairs. Paulami holds a Company Secretary qualification from the Institute of Company Secretaries of India and is undergoing her LLB degree from G.M. Law College affiliated with Utkal University. Annuncio • Feb 05
Acknit Industries Limited to Report Q3, 2025 Results on Feb 12, 2025 Acknit Industries Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Jan 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹799.2m (US$9.22m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (₹799.2m market cap, or US$9.22m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹1.13b market cap, or US$13.3m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹370, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 225% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹6.83 (vs ₹6.31 in 2Q 2024) Second quarter 2025 results: EPS: ₹6.83 (up from ₹6.31 in 2Q 2024). Revenue: ₹624.2m (up 11% from 2Q 2024). Net income: ₹20.8m (up 8.2% from 2Q 2024). Profit margin: 3.3% (down from 3.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 04
Acknit Industries Limited to Report Q2, 2025 Results on Nov 12, 2024 Acknit Industries Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Whole-Time Director Abhishek Saraf was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 19
Acknit Industries Limited Approves Dividend for the Financial Year Ended 31St March, 2024 Acknit Industries Limited at its AGM held on 18 September 2024 approved declaration of dividend of INR 1.50 per equity shares of INR 10/- each for the Financial Year ended 31st March, 2024. Upcoming Dividend • Sep 04
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 5.3% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.5%). Annuncio • Aug 16
Acknit Industries Limited, Annual General Meeting, Sep 18, 2024 Acknit Industries Limited, Annual General Meeting, Sep 18, 2024, at 12:40 Indian Standard Time. Location: gyan manch, 11, pretoria street, kolkata- 700071., kolkata India Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹6.53 (vs ₹5.13 in 1Q 2024) First quarter 2025 results: EPS: ₹6.53 (up from ₹5.13 in 1Q 2024). Revenue: ₹573.0m (up 15% from 1Q 2024). Net income: ₹19.8m (up 27% from 1Q 2024). Profit margin: 3.5% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 02
Acknit Industries Limited to Report Q1, 2025 Final Results on Aug 09, 2024 Acknit Industries Limited announced that they will report Q1, 2025 final results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹288, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹300, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 189% over the past three years. New Risk • May 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₹936.0m market cap, or US$11.2m). Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹28.13 (vs ₹29.67 in FY 2023) Full year 2024 results: EPS: ₹28.13 (down from ₹29.67 in FY 2023). Revenue: ₹2.21b (down 7.4% from FY 2023). Net income: ₹85.5m (down 5.2% from FY 2023). Profit margin: 3.9% (up from 3.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 17
Acknit Industries Limited to Report Q4, 2024 Results on May 22, 2024 Acknit Industries Limited announced that they will report Q4, 2024 results on May 22, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹216, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 149% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹6.58 (vs ₹7.58 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.58 (down from ₹7.58 in 3Q 2023). Revenue: ₹463.6m (down 3.2% from 3Q 2023). Net income: ₹20.0m (down 13% from 3Q 2023). Profit margin: 4.3% (down from 4.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Dec 22
Acknit Industries Limited Appoints Ravi Kumar Bahl as Company Secretary & Compliance Officer Acknit Industries Limited informed that the Board of Directors in its meeting held on 21st December, 2023 based on the recommendation of the Nomination & Remuneration Committee approved the appointment of Mr. Ravi Kumar Bahl as the Company Secretary & Compliance Officer of the Company w.e.f. 21st December, 2023. Mr. Ravi Kumar Bahl is a Commerce Graduate and a Member of the Institute of Company Secretaries of India, having Membership No.F1962. He is having more than 40 years of experience in corporate, legal, securities and banking matters. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹6.31 (vs ₹6.82 in 2Q 2023) Second quarter 2024 results: EPS: ₹6.31 (down from ₹6.82 in 2Q 2023). Revenue: ₹560.7m (down 11% from 2Q 2023). Net income: ₹19.2m (down 7.4% from 2Q 2023). Profit margin: 3.4% (up from 3.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 03
Acknit Industries Limited to Report Q2, 2024 Results on Nov 08, 2023 Acknit Industries Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹258, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 291% over the past three years. Annuncio • Oct 21
Acknit Industries Limited Announces Appointment of Shri Krishan Saraf as Company Secretary and Compliance Officer Acknit Industries Limited informed that Mr. Shri Krishan Saraf, Managing Director of the Company shall act as a Compliance Officer of the Company until the appointment of Company Secretary and Compliance Officer. Date of appointment is 20th October, 2023. Mr. Shri Krishan Saraf is the Managing Director and also one of the promoter of the Company. Annuncio • Jul 28
Acknit Industries Limited Approves Dividend for the Financial Year Ended March 31, 2023 Acknit Industries Limited announced that at its AGM held on 26 July, 2023, approved the Declaration of dividend of INR 1.50 per equity shares of INR 10/- each for the Financial Year ended 31st March, 2023. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹264, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 319% over the past three years. Upcoming Dividend • Jul 13
Upcoming dividend of ₹1.50 per share at 0.6% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹195, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 237% over the past three years. Annuncio • Jun 27
Acknit Industries Limited, Annual General Meeting, Jul 27, 2023 Acknit Industries Limited, Annual General Meeting, Jul 27, 2023, at 11:30 Indian Standard Time. Location: 'GYAN MANCH', 11, Pretoria Street, Kolkata 700071 Kolkata India Agenda: To discuss Adoption of Audited Financial Statements for the Financial Year ended 31 March, 2023; to discuss Declaration of dividend for the Financial Year ended 31 March, 2023; and to discuss Approval for Material Related Party Transaction(s). Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹29.67 (vs ₹26.11 in FY 2022) Full year 2023 results: EPS: ₹29.67 (up from ₹26.11 in FY 2022). Revenue: ₹2.39b (up 9.7% from FY 2022). Net income: ₹90.2m (up 14% from FY 2022). Profit margin: 3.8% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 18
Acknit Industries Limited Recommends Payment of Dividend for the Financial Year Ended 31 March, 2023 Acknit Industries Limited announced that at Board Meeting held on May 17, 2023 recommended for payment of dividend of 15% (i.e. INR 1.50 per equity share of INR 10/- each fully paid-up) for the financial year ended 31st March, 2023, subject to the approval of the shareholders at the upcoming Annual General Meeting. Annuncio • May 11
Acknit Industries Limited to Report Q4, 2023 Results on May 17, 2023 Acknit Industries Limited announced that they will report Q4, 2023 results on May 17, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹7.58 (vs ₹8.43 in 3Q 2022) Third quarter 2023 results: EPS: ₹7.58 (down from ₹8.43 in 3Q 2022). Revenue: ₹479.0m (down 16% from 3Q 2022). Net income: ₹23.0m (down 10% from 3Q 2022). Profit margin: 4.8% (up from 4.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 03
Acknit Industries Limited to Report Q3, 2023 Results on Feb 10, 2023 Acknit Industries Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹6.82 (vs ₹6.09 in 2Q 2022) Second quarter 2023 results: EPS: ₹6.82 (up from ₹6.09 in 2Q 2022). Revenue: ₹633.0m (up 16% from 2Q 2022). Net income: ₹20.7m (up 12% from 2Q 2022). Profit margin: 3.3% (down from 3.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 06
Acknit Industries Limited to Report Q2, 2023 Results on Nov 12, 2022 Acknit Industries Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Annuncio • Oct 01
Acknit Industries Limited Approves Dividend for the Financial Year Ended March 31, 2022 Acknit Industries Limited announced that at the AGM was held on September 29, 2022, the company approved the dividend of INR 1.50 per equity shares of INR 10/- each for the financial year ended March 31, 2022. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 29 October 2022. Payout ratio is a comfortable 5.0% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Annuncio • Sep 02
Acknit Industries Limited, Annual General Meeting, Sep 29, 2022 Acknit Industries Limited, Annual General Meeting, Sep 29, 2022, at 17:00 Indian Standard Time. Location: 'GYAN MANCH', 11, Pretoria Street, Kolkata 700071 Kolkata West Bengal India Agenda: To discuss Adoption of Audited Financial Statements for the Financial Year ended 31 March, 2022; and to discuss Declaration of dividend for the Financial Year ended 31 March, 2022. Annuncio • Aug 21
Acknit Industries Limited Appoints Mr. Abhishek Saraf as Whole-Time Director Acknit Industries Limited announced that Mr. Abhishek Saraf who was appointed as an Additional Director by the Board of Directors at its meeting held on 28th May, 2022 is regularized as a Whole-time Director of the company for a period of 3 years with effect from 28th May, 2022. Mr. Abhishek Saraf holds B.Com (Hons) degree from the University of Calcutta. He was associated with Acknit Industries Limited as Vice President (Marketing), Leather Division for more than 15 years prior to his appointment as an Additional Director. Prior to his exposure in Acknit Industries Limited, he had further experience of approximately 6 years in other entities, making his total experience of approximately 22 years. Mr. Abhishek Saraf is the son of Mr. Shri Krishan Saraf, Managing Director of the Company and spouse of Mrs. Rashi Saraf, Non-Executive Director of the company. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹7.85 (vs ₹3.84 in 1Q 2022) First quarter 2023 results: EPS: ₹7.85 (up from ₹3.84 in 1Q 2022). Revenue: ₹748.1m (up 95% from 1Q 2022). Net income: ₹23.9m (up 105% from 1Q 2022). Profit margin: 3.2% (up from 3.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 06
Acknit Industries Limited to Report Q1, 2023 Results on Aug 10, 2022 Acknit Industries Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Annuncio • May 31
Acknit Industries Limited Appoints Abhishek Saraf as Additional Director Acknit Industries Limited announced that on recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held on 28th May, 2022 have appointed Mr. Abhishek Sarafas an Additional Director of the Company with immediate effect, till the conclusion of the upcoming Annual General Meeting. Mr. Abhishek Saraf holds B.Com (Hons) degree from the University of Calcutta. He is currentlyassociated with Acknit Industries Limited as Vice President (Marketing), Leather Division for more than 15 years. Prior to his exposure in Acknit Industries Limited, he had further experience of approximately 6 years in other entities, making his total experience of approximately 22 years. Annuncio • May 21
Acknit Industries Limited to Report Q4, 2022 Results on May 28, 2022 Acknit Industries Limited announced that they will report Q4, 2022 results on May 28, 2022 Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹162, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 92% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹8.43 (up from ₹7.28 in 3Q 2021). Revenue: ₹585.5m (up 30% from 3Q 2021). Net income: ₹25.6m (up 16% from 3Q 2021). Profit margin: 4.4% (down from 4.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 03
Acknit Industries Limited to Report Q3, 2022 Results on Feb 11, 2022 Acknit Industries Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 21% share price gain to ₹141, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 18% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹6.09 (vs ₹5.31 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹564.9m (up 17% from 2Q 2021). Net income: ₹18.5m (up 15% from 2Q 2021). Profit margin: 3.3% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 09
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 25 October 2021. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Board Change • Jul 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Additional Non-Executive Independent Director Rajarshi Ghosh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 04
Full year 2021 earnings released: EPS ₹19.23 (vs ₹14.37 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹1.70b (flat on FY 2020). Net income: ₹58.5m (up 34% from FY 2020). Profit margin: 3.4% (up from 2.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 18% share price gain to ₹134, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 23% share price gain to ₹124, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 24% share price gain to ₹103, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 9.7% over the past three years. Is New 90 Day High Low • Feb 12
New 90-day high: ₹94.65 The company is up 39% from its price of ₹67.90 on 13 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 21% share price gain to ₹87.00, the stock is trading at a trailing P/E ratio of 6.3x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 20x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 20%. Annuncio • Feb 05
Acknit Industries Limited to Report Q3, 2021 Results on Feb 11, 2021 Acknit Industries Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹82.75, the stock is trading at a trailing P/E ratio of 6x, up from the previous P/E ratio of 5.1x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 29%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹80.65 The company is up 21% from its price of ₹66.80 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₹73.50 The company is up 15% from its price of ₹63.75 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 22% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹5.31 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹497.2m (down 2.4% from 2Q 2020). Net income: ₹16.1m (up 5.6% from 2Q 2020). Profit margin: 3.2% (up from 3.0% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annuncio • Nov 12
Acknit Industries Limited Announces CFO Changes Acknit Industries Limited announced at the board meeting held on November 11, 2020 that company has approved Resignation of Mr. Deo kishan Saraf from the post of Chief Financial Officer and Appointment of Mr. Bishnu Kumar Kesan as the Chief Financial Officer with immediate effect. 
