Akshar Spintex Limited engages in the manufacturing and trading of spun cotton yarns primarily in India. More Details
Adequate balance sheet and overvalued.
Share Price & News
How has Akshar Spintex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 541303's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 541303 exceeded the Indian Luxury industry which returned -8% over the past year.
Return vs Market: 541303 exceeded the Indian Market which returned 1.1% over the past year.
Price Volatility Vs. Market
How volatile is Akshar Spintex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Akshar Spintex undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 541303 (₹14.16) is trading below our estimate of fair value (₹14.53)
Significantly Below Fair Value: 541303 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 541303 is unprofitable, so we can't compare its PE Ratio to the IN Luxury industry average.
PE vs Market: 541303 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 541303's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 541303 is overvalued based on its PB Ratio (1x) compared to the IN Luxury industry average (0.5x).
How is Akshar Spintex 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 Akshar Spintex 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 Akshar Spintex's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Akshar Spintex 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 Akshar Spintex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 541303 is currently unprofitable.
Growing Profit Margin: 541303 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 541303 is unprofitable, and losses have increased over the past 5 years at a rate of 21.1% per year.
Accelerating Growth: Unable to compare 541303's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 541303 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-23.2%).
Return on Equity
High ROE: 541303 has a negative Return on Equity (-16.37%), as it is currently unprofitable.
How is Akshar Spintex's financial position?
Financial Position Analysis
Short Term Liabilities: 541303's short term assets (₹227.8M) exceed its short term liabilities (₹224.1M).
Long Term Liabilities: 541303's short term assets (₹227.8M) exceed its long term liabilities (₹168.4M).
Debt to Equity History and Analysis
Debt Level: 541303's debt to equity ratio (80.7%) is considered high.
Reducing Debt: 541303's debt to equity ratio has reduced from 229.5% to 80.7% over the past 5 years.
Debt Coverage: 541303's debt is well covered by operating cash flow (27.6%).
Interest Coverage: Insufficient data to determine if 541303's interest payments on its debt are well covered by EBIT.
What is Akshar Spintex current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 541303's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 541303's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 541303's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 541303's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 541303's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Ashokbhai Shukanbhai Bhalala is the Chairman and Managing Director at Akshar Spintex Limited since January 9, 2018 and its Director from September 5, 2013. He served as Compliance Officer at Akshar Spi ...
CEO Compensation Analysis
Compensation vs Market: Ashokbhai's total compensation ($USD13.21K) is below average for companies of similar size in the Indian market ($USD56.15K).
Compensation vs Earnings: Ashokbhai's compensation has been consistent with company performance over the past year.
|Chairman & MD||2.75yrs||₹970.00k||9.48% |
|Whole Time Director||7.33yrs||₹900.00k||10.76% |
|Whole Time Director||3.75yrs||₹950.00k||5.96% |
|Executive Director||no data||₹480.00k||6.41% |
|Non-Executive & Independent Director||2.75yrs||no data||no data|
|Non-Executive & Independent Director||2.58yrs||no data||no data|
|Non-Executive & Independent Director||2.58yrs||no data||no data|
Experienced Board: 541303's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Akshar Spintex Limited's company bio, employee growth, exchange listings and data sources
- Name: Akshar Spintex Limited
- Ticker: 541303
- Exchange: BSE
- Founded: 2013
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹353.986m
- Shares outstanding: 25.00m
- Website: https://www.aksharspintex.in
Number of Employees
- Akshar Spintex Limited
- C-704, The Imperial Heights
- Opp. Big Bazzar
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|541303||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||May 2018|
Akshar Spintex Limited engages in the manufacturing and trading of spun cotton yarns primarily in India. It offers cotton, organic and BCI certified, viscose, modal, and excel fiber products; and carded, s ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 12:36|
|End of Day Share Price||2020/10/15 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.