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.

When is the next results date for Acknit Indus.?

Acknit Indus. will announce its results on 04 August 2025.

Acknit Indus. is scheduled to declare its results on 04 August 2025.

Are Acknit Indus. latest results good or bad?

Acknit Industries' latest results are concerning, with a 13.6% decline in Profit After Tax to Rs 1.71 crore and net sales dropping to Rs 55.25 crore, the lowest in five quarters. This indicates significant challenges and a negative outlook for the company.

Acknit Industries' latest financial results indicate a challenging situation for the company. For the quarter ending June 2025, the Profit After Tax (PAT) has declined by 13.6% year-on-year, amounting to Rs 1.71 crore. This decline reflects difficulties in maintaining profitability. Additionally, net sales have dropped to Rs 55.25 crore, marking the lowest level in the last five quarters and representing a negative growth trend of -3.46% compared to the same quarter last year.<BR><BR>The Profit Before Tax (PBT), excluding other income, has also decreased, reaching Rs 2.18 crore, which further emphasizes the downward trajectory in financial performance. Furthermore, the Earnings per Share (EPS) has fallen to Rs 5.63, the lowest in five quarters, indicating reduced earnings for shareholders.<BR><BR>Overall, these results suggest that Acknit Industries is facing significant challenges in the current market environment, leading to a flat financial performance and a negative outlook.

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.

Should I buy, sell or hold Acknit Indus.?

Why is Acknit Industries Ltd falling/rising?

As of 18-Jan, Acknit Industries Ltd's stock price has declined to Rs 260.00, down 4.41%, due to negative market sentiment, underperformance relative to its sector, and financial challenges including a high Debt to EBITDA ratio. This has led to a bearish outlook and a perception of the stock as a strong sell.

As of 18-Jan, Acknit Industries Ltd is experiencing a decline in its stock price, currently at Rs 260.00, which reflects a change of -12.0 (-4.41%). This drop can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock opened significantly lower today, with a loss of -5.85%, and reached an intraday low of Rs 256.05, indicating a negative market sentiment. Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish trend.<BR><BR>In terms of performance relative to the market, Acknit Industries has underperformed its sector by -4% today and has shown a negative return of -6.51% over the past year, while the broader market (BSE500) has generated positive returns of 7.89%. Furthermore, the company has reported a decline in profits by -11.8% over the past year, contributing to a weak outlook for investors.<BR><BR>The company's financial health is also a concern, as indicated by a high Debt to EBITDA ratio of 2.66 times, which suggests a low ability to service debt. This, combined with weak long-term fundamental strength, has led to a perception of the stock as a strong sell.<BR><BR>Overall, the combination of poor recent performance, negative market sentiment, and financial challenges has resulted in the falling stock price of Acknit Industries Ltd.

Which are the latest news on Acknit Indus.?