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Acknit Industries

BSE:530043
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
530043
BSE
₹273M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Acknit Industries Limited manufactures and sells industrial safety gloves and garments in India. The last earnings update was 66 days ago. More info.


Add to Portfolio Compare Print
  • Acknit Industries has significant price volatility in the past 3 months.
530043 Share Price and Events
7 Day Returns
-0.6%
BSE:530043
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-10.1%
BSE:530043
-3.3%
IN Luxury
0.1%
IN Market
530043 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acknit Industries (530043) -0.6% -3% -29.8% -10.1% -13.4% 180.5%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 530043 underperformed the Luxury industry which returned -3.3% over the past year.
  • 530043 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
530043
Industry
5yr Volatility vs Market
Related Companies

530043 Value

 Is Acknit Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Acknit Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Acknit Industries.

BSE:530043 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 19.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:530043
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (194.18%))
1.433
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.433 * 8.6%)
19.88%

Discounted Cash Flow Calculation for BSE:530043 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Acknit Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:530043 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.88%)
2019 24.36 Est @ 12.75% 20.32
2020 27.09 Est @ 11.19% 18.85
2021 29.83 Est @ 10.1% 17.31
2022 32.61 Est @ 9.33% 15.79
2023 35.48 Est @ 8.8% 14.33
2024 38.47 Est @ 8.42% 12.96
2025 41.61 Est @ 8.16% 11.70
2026 44.93 Est @ 7.98% 10.53
2027 48.45 Est @ 7.85% 9.48
2028 52.21 Est @ 7.76% 8.52
Present value of next 10 years cash flows ₹139.80
BSE:530043 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹52.21 × (1 + 7.55%) ÷ (19.88% – 7.55%)
₹455.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹455.54 ÷ (1 + 19.88%)10
₹74.33
BSE:530043 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹139.80 + ₹74.33
₹214.13
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹214.13 / 3.04
₹70.44
BSE:530043 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹70.44
Current discount Discount to share price of ₹89.75
= -1 x (₹89.75 - ₹70.44) / ₹70.44
-27.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Acknit Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Acknit Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acknit Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:530043 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹14.63
BSE:530043 Share Price ** BSE (2019-04-18) in INR ₹89.75
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Acknit Industries.

BSE:530043 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:530043 Share Price ÷ EPS (both in INR)

= 89.75 ÷ 14.63

6.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acknit Industries is good value based on earnings compared to the IN Luxury industry average.
  • Acknit Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does Acknit Industries's expected growth come at a high price?
Raw Data
BSE:530043 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Acknit Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Acknit Industries's assets?
Raw Data
BSE:530043 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹142.85
BSE:530043 Share Price * BSE (2019-04-18) in INR ₹89.75
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:530043 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:530043 Share Price ÷ Book Value per Share (both in INR)

= 89.75 ÷ 142.85

0.63x

* Primary Listing of Acknit Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acknit Industries is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Acknit Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Acknit Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

530043 Future Performance

 How is Acknit Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Acknit Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acknit Industries expected to grow at an attractive rate?
  • Acknit Industries's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Acknit Industries's earnings growth is positive but not above the India market average.
  • Unable to compare Acknit Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:530043 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:530043 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.6%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:530043 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:530043 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,665 43
2018-09-30 1,609 41
2018-06-30 1,584 37
2018-03-31 1,621 53 30
2017-12-31 1,603 25
2017-09-30 1,620 30
2017-06-30 1,632 33
2017-03-31 1,606 74 32
2016-12-31 1,579 31
2016-09-30 1,607 30
2016-06-30 1,634 31
2016-03-31 1,603 39 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acknit Industries's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Acknit Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:530043 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Acknit Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:530043 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 14.63
2018-09-30 13.41
2018-06-30 12.76
2018-03-31 10.73
2017-12-31 9.33
2017-09-30 12.08
2017-06-30 12.97
2017-03-31 12.65
2016-12-31 12.17
2016-09-30 11.83
2016-06-30 12.14
2016-03-31 12.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Acknit Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Acknit Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Acknit Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

530043 Past Performance

  How has Acknit Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Acknit Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Acknit Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Acknit Industries's 1-year earnings growth exceeds its 5-year average (72.2% vs 7.6%)
  • Acknit Industries's earnings growth has exceeded the IN Luxury industry average in the past year (72.2% vs 14.8%).
Earnings and Revenue History
Acknit Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Acknit Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:530043 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,664.61 43.49 63.59
2018-09-30 1,608.90 40.64 60.87
2018-06-30 1,583.71 36.99 58.58
2018-03-31 1,620.91 29.72 57.48
2017-12-31 1,602.54 25.26 55.68
2017-09-30 1,619.85 30.45 54.76
2017-06-30 1,632.02 32.73 53.94
2017-03-31 1,606.30 31.88 53.03
2016-12-31 1,578.64 30.64 61.76
2016-09-30 1,607.46 29.81 63.15
2016-06-30 1,634.32 30.61 46.12
2016-03-31 1,603.18 30.31 57.82
2015-12-31 1,583.39 32.21 90.13
2015-09-30 1,485.43 28.63 85.29
2015-06-30 1,439.87 25.99 84.17
2015-03-31 1,487.12 30.06 30.45
2014-12-31 1,480.07 26.61 75.10
2014-09-30 1,494.50 27.00 73.25
2014-06-30 1,454.05 27.38 24.39
2014-03-31 1,342.19 24.65 69.70
2013-12-31 1,221.40 25.39 61.06
2013-09-30 1,117.69 23.41 61.07
2013-06-30 1,020.33 18.79 59.67
2013-03-31 965.71 15.30 59.37
2012-12-31 886.47 12.10 55.71
2012-09-30 881.48 10.84 54.64
2012-06-30 890.34 11.26 15.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Acknit Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acknit Industries used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Acknit Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Acknit Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Acknit Industries has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

530043 Health

 How is Acknit Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Acknit Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acknit Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acknit Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acknit Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Acknit Industries Company Filings, last reported 3 months ago.

BSE:530043 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 434.24 530.70 23.01
2018-09-30 434.24 530.70 23.01
2018-06-30 413.22 546.49 14.71
2018-03-31 413.22 546.49 14.71
2017-12-31 332.65 599.83 18.93
2017-09-30 332.65 599.83 18.93
2017-06-30 327.02 570.19 18.73
2017-03-31 343.97 570.19 18.06
2016-12-31 309.78 598.48 15.55
2016-09-30 309.78 598.48 15.55
2016-06-30 296.75 552.23 5.31
2016-03-31 296.75 561.94 5.31
2015-12-31 284.52 583.44 12.57
2015-09-30 284.52 583.44 12.57
2015-06-30 270.98 541.23 27.69
2015-03-31 270.98 541.23 27.69
2014-12-31 260.37 470.09 15.34
2014-09-30 260.37 470.09 15.34
2014-06-30 246.54 439.62 22.41
2014-03-31 246.54 443.51 22.41
2013-12-31 238.93 352.97 13.51
2013-09-30 238.93 352.97 13.51
2013-06-30 226.31 383.81 7.32
2013-03-31 226.31 383.81 7.32
2012-12-31 219.91 319.79 10.07
2012-09-30 219.91 319.79 10.07
2012-06-30 219.45 339.32 12.79
  • Acknit Industries's level of debt (122.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (148.1% vs 122.2% today).
  • Debt is not well covered by operating cash flow (10%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Acknit Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Acknit Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

530043 Dividends

 What is Acknit Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.67%
Current annual income from Acknit Industries dividends.
If you bought ₹2,000 of Acknit Industries shares you are expected to receive ₹33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Acknit Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • Acknit Industries's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:530043 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:530043 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-30 1.500 1.406
2017-09-22 1.500 1.361
2016-08-30 1.500 1.421
2016-05-30 1.500 1.426
2015-10-09 1.500 1.719
2014-08-22 1.500 2.732
2014-06-02 1.500 4.132
2013-06-04 1.500 5.095
2012-08-22 1.500 5.522
2011-06-01 1.500 5.620
2011-05-18 1.500 5.488
2010-11-11 1.500 5.193
2009-06-01 1.500 4.942
2009-04-20 1.500 6.697

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Acknit Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Acknit Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Acknit Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acknit Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

530043 Management

 What is the CEO of Acknit Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shree Saraf
COMPENSATION ₹4,200,000
AGE 64
CEO Bio

Mr. Shree Krishan Saraf serves as the Chairman, Managing Director and Executive Director at Acknit Industries Limited.

CEO Compensation
  • Shree's compensation has been consistent with company performance over the past year.
  • Shree's remuneration is higher than average for companies of similar size in India.
Management Team

Shree Saraf

TITLE
Chairman
COMPENSATION
₹4M
AGE
64

Deo Saraf

TITLE
CFO & Whole Time Director
COMPENSATION
₹2M
AGE
52

Bandana Saha

TITLE
Company Secretary & Compliance Officer
TENURE
1.2 yrs

Abhishek Saraf

TITLE
Vice President of Leather Division
AGE
38

Aditya Saraf

TITLE
Vice President of Readymade Garment Division
AGE
33

Bishnu Kesan

TITLE
General Manager
AGE
54

Joydeep Sengupta

TITLE
Business Head of Safet Garments Division
AGE
35
Board of Directors Tenure

Average tenure and age of the Acknit Industries board of directors in years:

2.9
Average Tenure
64
Average Age
  • The average tenure for the Acknit Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shree Saraf

TITLE
Chairman
COMPENSATION
₹4M
AGE
64

Deo Saraf

TITLE
CFO & Whole Time Director
COMPENSATION
₹2M
AGE
52
TENURE
28.5 yrs

Samir Ghosh

TITLE
Non Executive Independent Director
COMPENSATION
₹60K
AGE
80
TENURE
14 yrs

Mukul Banerjee

TITLE
Non-Executive Independent Director
COMPENSATION
₹47K
TENURE
2.9 yrs

Rashi Saraf

TITLE
Non-Executive-Non-Independent Director
COMPENSATION
₹46K
AGE
39
TENURE
2.6 yrs

Jadav Mukherjee

TITLE
Independent Non-Executive Director
AGE
65
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
19. Jun 18 Buy Abhishek Saraf Individual 09. Apr 18 18. Jun 18 11,000 ₹105.45 ₹1,160,000
X
Management checks
We assess Acknit Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Acknit Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

530043 News

Simply Wall St News

530043 Company Info

Description

Acknit Industries Limited manufactures and sells industrial safety gloves and garments in India. It operates through Hand Gloves, Garments, and Power Generation segments. 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. It also exports its industrial safety gloves and garments. The company was formerly known as Acknit Knitting Limited. Acknit Industries Limited was incorporated in 1990 and is based in Kolkata, India.

Details
Name: Acknit Industries Limited
530043
Exchange: BSE
Founded: 1990
₹273,296,000
3,040,000
Website: http://www.acknitindia.com
Address: Acknit Industries Limited
Ecostation,
5th Floor, Suit No. 504,
Kolkata,
West Bengal, 700091,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 530043 Equity Shares Mumbai Stock Exchange IN INR 18. Jan 2005
Number of employees
Current staff
Staff numbers
177
Acknit Industries employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:31
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.