Acknit Industries Limited manufactures, sells, and exports industrial safety gloves and garments in India.
Solid track record and fair value.
Share Price & News
How has Acknit Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 530043 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 530043 underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: 530043 underperformed the Indian Market which returned 10.7% over the past year.
Price Volatility Vs. Market
How volatile is Acknit Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Acknit Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 530043 (₹60.95) is trading above our estimate of fair value (₹42.42)
Significantly Below Fair Value: 530043 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 530043 is good value based on its PE Ratio (3.7x) compared to the Luxury industry average (11.2x).
PE vs Market: 530043 is good value based on its PE Ratio (3.7x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 530043's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 530043 is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).
How is Acknit Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Acknit Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Acknit Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Acknit Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Acknit Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 530043 has high quality earnings.
Growing Profit Margin: 530043's current net profit margins (2.8%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: 530043's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: 530043's earnings growth over the past year (14.4%) exceeds its 5-year average (11.7% per year).
Earnings vs Industry: 530043 earnings growth over the past year (14.4%) exceeded the Luxury industry 5.6%.
Return on Equity
High ROE: 530043's Return on Equity (10.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Acknit Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 530043's short term assets (₹898.9M) exceed its short term liabilities (₹671.4M).
Long Term Liabilities: 530043's short term assets (₹898.9M) exceed its long term liabilities (₹107.5M).
Debt to Equity History and Analysis
Debt Level: 530043's debt to equity ratio (119.4%) is considered high.
Reducing Debt: 530043's debt to equity ratio has reduced from 180.8% to 119.4% over the past 5 years.
Debt Coverage: 530043's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 530043's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Inventory Level: 530043 has a high level of physical assets or inventory.
Debt Coverage by Assets: 530043's debt is covered by short term assets (assets are 1.6x debt).
What is Acknit Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 530043's dividend (2.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 530043's dividend (2.46%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: 530043's dividends per share have been stable in the past 10 years.
Growing Dividend: 530043's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.2%), 530043's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Shri Saraf (65yo)
Mr. Shri Krishan Saraf serves as the Chairman, Managing Director and Executive Director at Acknit Industries Limited.
CEO Compensation Analysis
Compensation vs Market: Shri's total compensation ($USD83.85K) is above average for companies of similar size in the Indian market ($USD50.34K).
Compensation vs Earnings: Shri's compensation has increased by more than 20% in the past year.
|CFO & Whole Time Director||29.3yrs||₹4.80m||12% ₹21.2m|
|Non Executive Independent Director||14.8yrs||₹74.50k||0.016% ₹29.0k|
|Non-Executive Independent Director||3.8yrs||₹68.50k||no data|
|Non-Executive-Non-Independent Director||3.4yrs||₹57.00k||2.8% ₹4.9m|
|Independent Non-Executive Director||1.8yrs||₹42.50k||0.033% ₹58.0k|
Experienced Board: 530043's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Acknit Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Acknit Industries Limited
- Ticker: 530043
- Exchange: BSE
- Founded: 1990
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₹176.320m
- Shares outstanding: 3.04m
- Website: https://www.acknitindia.com
Number of Employees
- Acknit Industries Limited
- 5th Floor, Suit No. 504
- West Bengal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|530043||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2005|
Acknit Industries Limited manufactures, sells, and exports industrial safety gloves and garments in India. It operates through three segments: Hand Gloves, Garments, and Power Generation. The company offers cut and sewn dipped, seamless dipped, cut level 3/5 protection, cut level 5 protection, knitted, Kevlar, Canadian, welder, driver, cut resistant, heat resistant, and Kevlar leather gloves. It also provides leather garments, including jackets, bib trousers, aprons, and arm and leg protectors; and industrial and readymade garments. In addition, the company generates power through windmills. The company was formerly known as Acknit Knitting Limited. Acknit Industries Limited was incorporated in 1990 and is based in Kolkata, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 12:30|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.