Acknit Indus.

Why is Acknit Industries Ltd falling/rising?

As of 08-Aug, Acknit Industries Ltd's stock price is declining at Rs 309.15, down 1.45%, despite recent gains and positive long-term performance. The decline is influenced by today's trading volatility and increased selling pressure.

As of 08-Aug, Acknit Industries Ltd is experiencing a decline in its stock price, currently at Rs 309.15, which reflects a decrease of Rs 4.55 or 1.45%. This drop comes despite the stock having outperformed its sector by 1.53% today and having gained 5.14% over the last three days. <BR><BR>The stock's performance over the past week shows a decline of 2.77%, while the benchmark Sensex has increased by 0.52%. However, in the longer term, Acknit Industries has shown positive returns, with a year-to-date increase of 14.29% compared to a 7.89% decrease in the Sensex. Over the past year, the stock has risen by 3.64%, while the Sensex has fallen by 2.63%. <BR><BR>Today's trading saw the stock reach an intraday high of Rs 320, but it also touched a low of Rs 304, indicating volatility within the trading session. The weighted average price suggests that more volume was traded closer to the low price, which may indicate selling pressure. Additionally, while there has been a significant increase in delivery volume, rising by 245.18% against the 5-day average, the overall market sentiment appears to be affecting the stock negatively at this moment. <BR><BR>In summary, despite recent gains and positive long-term performance, the current decline in Acknit Industries Ltd's stock price can be attributed to recent volatility and selling pressure observed in today's trading session.

Which are the latest news on Acknit Indus.?

Should I buy, sell or hold Acknit Industries Ltd?

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 2026, it reported net sales of 67 Cr and a net profit of 4 Cr, with a market cap of INR 85 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 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 67 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 4 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 85 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 11.00<BR>- Industry P/E: 23<BR>- Dividend Yield: 0.54%<BR>- Debt-Equity: 0.74<BR>- Return on Equity: 8.60%<BR>- Price to Book: 0.89<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 10th June, Acknit Industries Ltd has a market capitalization of 85.00 Cr, classifying it as a Micro Cap company, with recent net sales of 240.43 Cr and a net profit of 8.19 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Acknit Industries Ltd has a market capitalization of 85.00 Cr, classifying it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 240.43 Cr, while the sum of Net Profit for the same period is 8.19 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 87.29 Cr, and Total Assets amount to 170.07 Cr.

Who are in the management team of Acknit Indus.?

The management team of Acknit Indus includes S Krishan Saraf (Managing Director), Deo Kishan Saraf and Abhishek Saraf (Whole-time Directors), along with several Independent Directors and a Company Secretary. They oversee the company's operations and strategic direction.

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

Who are the peers of the Acknit Indus.?

Acknit Indus. has peers including Nagreeka Exports, SPL Industries, and Kaytex Fabrics, with varying management risks and growth rates. Acknit Indus. leads in 1-year returns at 11.92%, while Fiberweb (India) has the lowest at -47.12%.

Peers: The peers of Acknit Indus. are Nagreeka Exports, SPL Industries, Deepak Spinners, Fiberweb (India), Sanrhea Tech., Ken Enter., Veekayem Fash., and Kaytex Fabrics.<BR><BR>Quality Snapshot: Excellent management risk is observed at Sanrhea Tech. and Kaytex Fabrics, while Average management risk is found at Acknit Indus., Nagreeka Exports, Deepak Spinners, Ken Enter., Veekayem Fash., and the rest. Below Average management risk is noted at SPL Industries and Fiberweb (India). Good growth is seen at Nagreeka Exports, Sanrhea Tech., Veekayem Fash., and Kaytex Fabrics, while Average growth is present at Acknit Indus., Ken Enter., and the rest. Below Average growth is reported for SPL Industries, Deepak Spinners, Fiberweb (India), and the rest. Excellent capital structure is noted at SPL Industries and Fiberweb (India), while Good capital structure is found at Deepak Spinners, Sanrhea Tech., Ken Enter., and Kaytex Fabrics, with Below Average capital structure at Acknit Indus., Nagreeka Exports, and Veekayem Fash.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Acknit Indus. at 11.92%, while the lowest is Fiberweb (India) at -47.12%. Acknit Indus.'s return is significantly higher than that of Fiberweb (India). Additionally, peers such as SPL Industries, Deepak Spinners, Fiberweb (India), and Nagreeka Exports have negative six-month returns.

When is the next results date for Acknit Industries Ltd?

The next results date for Acknit Industries Ltd is 27 May 2026.

The next results date for Acknit Industries Ltd is scheduled for 27 May 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.

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.

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.

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.

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.