Acknit Indus.

Who are the top shareholders of the Acknit Indus.?

The top shareholders of Acknit Indus include promoter Shri Krishan Saraf with 18.06%, public shareholder Pbs Investments Private Ltd. with 4.93%, and individual investors holding a total of 23.18%. There are no mutual funds or foreign institutional investors currently involved.

The top shareholders of Acknit Indus include the promoters, who hold the majority of the shares. The promoter with the highest holding is Shri Krishan Saraf, owning 18.06% of the company. The highest public shareholder is Pbs Investments Private Ltd., which holds 4.93%. Additionally, individual investors collectively hold 23.18% of the shares. There are currently no mutual funds or foreign institutional investors (FIIs) holding shares in the company.

Who are in the management team of Acknit Indus.?

As of March 2022, the management team of Acknit Indus includes S Krishan Saraf (Managing Director), Deo Kishan Saraf (Whole-time Director), Abhishek Saraf (Whole-time Director), and several independent directors: Mukul Banerjee, Jadav Lal Mukherjee, Rajashri Gosh, and Shankar Lal Bajaj, along with Rashi Saraf (Director) and Krishan (Company Secretary & Compliance Officer).

As of March 2022, the management team of Acknit Indus includes the following individuals:<BR><BR>1. S Krishan Saraf - Managing Director<BR>2. Deo Kishan Saraf - Whole-time Director<BR>3. Mukul Banerjee - Independent Director<BR>4. Jadav Lal Mukherjee - Independent Director<BR>5. Rashi Saraf - Director<BR>6. Rajashri Gosh - Independent Director<BR>7. Shankar Lal Bajaj - Independent Director<BR>8. Abhishek Saraf - Whole Time Director<BR>9. Krishan - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Has Acknit Indus. declared dividend?

Acknit Industries Ltd has declared a 15% dividend, amounting to ₹1.5 per share, with an ex-date of September 11, 2024. While recent returns have been negative, the company has shown significant growth over the past 5 years, with a total return of 294.84%.

Acknit Industries Ltd has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 1.5<BR>- Ex-date: 11 Sep 24<BR><BR>Dividend Yield: 0.61%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -11.86%, with a dividend return of 0%, resulting in a total return of -11.86%.<BR><BR>Over the past year, the price return was -21.85%, the dividend return was 0.46%, leading to a total return of -21.39%.<BR><BR>In the 2-year period, the price return was 55.08%, the dividend return was 1.75%, culminating in a total return of 56.83%.<BR><BR>For the 3-year period, the price return was 72.87%, the dividend return was 3.53%, resulting in a total return of 76.4%.<BR><BR>In the last 4 years, the price return was 117.39%, with a dividend return of 4.59%, leading to a total return of 121.98%.<BR><BR>Over the past 5 years, the price return was 282.89%, the dividend return was 11.95%, resulting in a total return of 294.84%.<BR><BR>Overall, Acknit Industries Ltd has declared a dividend, and while the recent returns over shorter periods have been negative, the longer-term returns show significant growth, particularly in price and dividends over the 5-year period.

Who are the peers of the Acknit Indus.?

Peers of Acknit Indus. include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Digjam, Riba Textiles, Titaanium Ten, and Dhanalaxmi Roto. Acknit Indus. has average management risk and a 1-year return of -16.99%, higher than Digjam's -54.65% but lower than all other peers.

Peers: The peers of Acknit Indus. are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Digjam, Riba Textiles, Titaanium Ten, Dhanalaxmi Roto.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Dhanalaxmi Roto. Average management risk is present at Acknit Indus. and Sanrhea Tech., while Below Average management risk is noted for Digjam, Riba Textiles, Titaanium Ten, and Trident. Growth is Excellent for K P R Mill Ltd and Good for Dhanalaxmi Roto, while Below Average growth is seen at Acknit Indus., Page Industries, Vedant Fashions, Trident, Digjam, Riba Textiles, Titaanium Ten, and the rest. Capital Structure is Excellent for Page Industries, K P R Mill Ltd, and Vedant Fashions, while Below Average is noted for Acknit Indus., Digjam, Riba Textiles, Titaanium Ten, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Titaanium Ten at 221.28%, while the lowest is Digjam at -54.65%. Acknit Indus. has a 1-year return of -16.99%, which is higher than Digjam's but lower than all other peers. Additionally, the six-month return is negative for Vedant Fashions, Trident, Digjam, and Riba Textiles.

Is Acknit Indus. overvalued or undervalued?

As of May 29, 2025, Acknit Indus. is considered undervalued with a PE ratio of 8.39 and a Price to Book Value of 0.92, indicating potential for growth compared to its peers in the garments sector, despite recent lagging stock performance.

As of 29 May 2025, Acknit Indus. has seen its valuation grade change from very attractive to attractive. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE Ratio of 8.39, a Price to Book Value of 0.92, and an EV to EBITDA of 6.58, which suggest that the stock is trading at a discount compared to its earnings and book value.<BR><BR>In comparison to its peers, Acknit Indus. has a PE ratio that is lower than the industry average, which indicates potential for growth relative to competitors. For instance, if we consider similar companies in the garments and apparels sector, their PE ratios tend to be higher, reinforcing the notion that Acknit Indus. is undervalued. Additionally, the company's recent stock performance has lagged behind the Sensex, particularly in the year-to-date and one-year periods, but it has shown significant growth over the longer term, suggesting that it may be a good opportunity for investors looking for value in the market.

What is the technical trend for Acknit Indus.?

As of May 5, 2025, Acknit Indus shows a mildly bearish trend overall, with mixed signals from key indicators like MACD and Bollinger Bands across different time frames.

As of 5 May 2025, the technical trend for Acknit Indus has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals. The Bollinger Bands show a mildly bullish trend on the weekly chart but are bearish on the monthly. Daily moving averages are mildly bearish, reinforcing the overall mildly bearish outlook. The KST is mildly bullish weekly but also mildly bearish monthly, indicating a lack of strong momentum. Overall, the current technical stance is mildly bearish, with key indicators reflecting a mix of bullish and bearish signals across different time frames.

What does Acknit Indus. do?

Acknit Industries Ltd is a micro-cap company that manufactures and exports seamless hand gloves in the Garments & Apparels industry. As of March 2025, it reported net sales of ₹655 Cr and a net profit of ₹32 Cr, with a market cap of ₹90 Cr.

Overview: <BR>Acknit Industries Ltd is a micro-cap company engaged in the manufacturing and exporting of seamless hand gloves, operating within the Garments & Apparels industry.<BR><BR>History: <BR>Incorporated in 1990 as Acknit Knitting Limited, the company has undergone a name change to Acknit Industries Limited. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 655 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 32 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 90 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 10.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.51% <BR>Debt-Equity: 0.52 <BR>Return on Equity: 10.91% <BR>Price to Book: 1.09 <BR><BR>Contact Details: <BR>Address: 817 Krishna, 224 A J C Bose Road Kolkata West Bengal : 700017 <BR>Tel: 91-33-22878293 <BR>Email: calcutta@acknitindia.com <BR>Website: http://www.acknitindia.com

How big is Acknit Indus.?

As of 24th July, Acknit Industries Ltd has a market capitalization of 99.00 Cr, with recent net sales of 240.37 Cr and a net profit of 8.99 Cr over the last four quarters. Shareholder's funds are 78.81 Cr, and total assets are valued at 155.60 Cr.

As of 24th July, <BR><BR>Market Cap: Acknit Industries Ltd has a market capitalization of 99.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 240.37 Cr, while the sum of Net Profit for the same period is 8.99 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2024. Shareholder's Funds stand at 78.81 Cr, and Total Assets are valued at 155.60 Cr.

How has been the historical performance of Acknit Indus.?

Acknit Indus has shown steady growth in net sales and profits, with net sales increasing from 161.89 Cr in Mar'20 to 240.37 Cr in Mar'25, despite a dip in Mar'23. Key metrics such as operating profit and profit after tax also improved significantly during this period, reflecting overall financial resilience.

Answer:<BR>The historical performance of Acknit Indus shows a steady growth trajectory in net sales and profit metrics over the years.<BR><BR>Breakdown:<BR>Acknit Indus has demonstrated a consistent increase in net sales, rising from 161.89 Cr in Mar'20 to 240.37 Cr in Mar'25, with a notable dip in Mar'23 before rebounding in Mar'24 and Mar'25. Total operating income followed a similar trend, reaching 240.37 Cr in Mar'25. The company's total expenditure, excluding depreciation, increased from 158.36 Cr in Mar'21 to 222.46 Cr in Mar'25, reflecting rising costs in raw materials and manufacturing expenses. Operating profit, excluding other income, improved from 11.24 Cr in Mar'20 to 17.91 Cr in Mar'25, while profit before tax also saw growth, reaching 12.15 Cr in Mar'25. Profit after tax increased to 9.00 Cr in Mar'25 from 4.37 Cr in Mar'20. The company's earnings per share rose from 14.38 in Mar'20 to 29.61 in Mar'25, indicating enhanced shareholder value. On the balance sheet, total assets grew from 119.24 Cr in Mar'20 to 170.07 Cr in Mar'25, with total liabilities also increasing, reflecting a rise in short-term borrowings. Cash flow from operating activities fluctuated, with a positive cash flow of 10.00 Cr in Mar'25 after a challenging period in Mar'24. Overall, Acknit Indus has shown resilience and growth in its financial performance over the years.

When is the next results date for Acknit Industries Ltd?

The next results date for Acknit Industries Ltd is 11 February 2026.

The next results date for Acknit Industries Ltd is scheduled for 11 February 2026.

Are Acknit Industries Ltd latest results good or bad?

Acknit Industries Ltd's latest Q3 FY26 results are concerning, with a 17.51% decline in net profit and a 6.84% drop in revenue year-on-year, indicating ongoing operational challenges. Rising interest costs and a decrease in return on equity further suggest a negative financial outlook.

Acknit Industries Ltd's latest results for Q3 FY26 indicate a challenging performance. The company reported a net profit of ₹1.46 crores, which represents a decline of 17.51% year-on-year. Revenue also fell to ₹51.50 crores, down 6.84% compared to the same quarter last year and a significant 22.90% drop from the previous quarter. This marks the lowest quarterly revenue in over a year.<BR><BR>While the operating margin improved slightly to 7.13%, reflecting some success in cost management, the overall financial performance shows signs of strain. The nine-month profit for FY26 has decreased by 21.44% compared to the same period last year, further highlighting ongoing operational challenges.<BR><BR>The rising interest costs, which surged by 56.25% year-on-year, have also negatively impacted profitability. Additionally, the company has seen a decline in return on equity, which fell to 8.95% in FY2025, indicating less efficient use of shareholder capital.<BR><BR>Overall, the results suggest that Acknit Industries is facing significant headwinds in its operations, making the latest financial performance lean towards the negative side. Investors should be cautious and monitor the company's ability to stabilize and improve its financial metrics in the coming quarters.

Why is Acknit Industries Ltd falling/rising?

As of 16-Mar, Acknit Industries Ltd's stock price is at 264.00, down 1.25% after two consecutive days of decline. Despite some short-term gains, the stock is experiencing a downward trend due to reduced investor participation and recent price movements.

As of 16-Mar, Acknit Industries Ltd's stock price is currently at 264.00, reflecting a decrease of 3.35, or 1.25%. The stock has been experiencing a decline, having lost value for the last two consecutive days, resulting in a total drop of 1.88% during this period. Despite opening with a gain of 2.49% today and reaching an intraday high of Rs 274, the overall trend remains negative due to the recent consecutive falls.<BR><BR>In terms of performance relative to the market, the stock has shown a mixed picture over different time frames. Over the past week, it has decreased by 1.12%, while over the past month, it has increased by 6.41%. Year-to-date, the stock is down 2.40%, but it has performed well over the past year with a gain of 17.86%. However, the stock's performance over three and five years is notably strong, with increases of 91.30% and 196.30%, respectively.<BR><BR>Another factor contributing to the stock's decline is the falling investor participation, as evidenced by a significant drop in delivery volume, which decreased by 72.12% compared to the five-day average. This decline in trading activity may indicate reduced investor confidence or interest in the stock at its current price levels.<BR><BR>Overall, while there have been short-term gains, the recent consecutive falls, declining investor participation, and the current price movement indicate that Acknit Industries Ltd is experiencing a downward trend.

Should I buy, sell or hold Acknit Industries Ltd?

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