Acknit Indus.

Why is Acknit Industries Ltd falling/rising?

As of 01-Sep, Acknit Industries Ltd's stock is experiencing a decline of 0.5%, continuing a two-day trend of losing value. Despite some long-term positive factors, such as rising promoter confidence, the stock's recent performance and decreased investor participation indicate short-term weakness.

As of 01-Sep, Acknit Industries Ltd's stock price is currently falling, with a change of -1.65, representing a decrease of 0.5%. This decline is part of a broader trend, as the stock has been losing value for the past two days, accumulating a total drop of -0.99% during this period. Additionally, the stock has underperformed its sector by -0.62% today.<BR><BR>Investor participation appears to be decreasing, as evidenced by a significant drop in delivery volume, which fell by -97.4% compared to the 5-day average. Despite the stock trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average, indicating a short-term weakness.<BR><BR>While there are positive factors such as rising promoter confidence—where promoters have increased their stake by 2%—and the stock's strong performance over the long term, these have not been sufficient to counteract the recent price decline. The stock has generated a return of 11.33% over the past year, but profits have decreased by -0.7%, which may also contribute to the current downward pressure on the stock price.

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), 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). 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.

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 June 2026, it reported net sales of 62 Cr and a net profit of 2 Cr, with a market cap of INR 101 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 June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 62 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 101 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 12.00 <BR>Industry P/E: 28 <BR>Dividend Yield: 0.45% <BR>Debt Equity: 0.74 <BR>Return on Equity: 9.10% <BR>Price to Book: 1.06<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

Who are the peers of the Acknit Indus.?

Acknit Indus. peers include Gravity (India), Surat Trade, Bhandari Hosiery, and others. Gravity (India) shows excellent management and growth, while Acknit Indus. has average management risk and a 1-year return of 11.75%.

Peers: The peers of Acknit Indus. are Gravity (India), Surat Trade, Bhandari Hosiery, Parmeshwari Silk, Deepak Spinners, SPL Industries, Addi Industries, SEL Mfg. Co, Praxis Home, and Ken Enter.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gravity (India), while Average management risk is found at Surat Trade, Bhandari Hosiery, Parmeshwari Silk, Deepak Spinners, Acknit Indus., and Ken Enter. Below Average management risk is noted for SPL Industries, Addi Industries, SEL Mfg. Co, Praxis Home, and the rest. Growth is excellent at Gravity (India), while Average growth is seen at Ken Enter and Below Average growth is found at Surat Trade, Bhandari Hosiery, Parmeshwari Silk, Deepak Spinners, Acknit Indus., SPL Industries, Addi Industries, SEL Mfg. Co, Praxis Home, and the rest. Capital Structure is good at Deepak Spinners and SPL Industries, while Below Average capital structure is noted for Gravity (India), Surat Trade, Bhandari Hosiery, Parmeshwari Silk, Acknit Indus., Addi Industries, SEL Mfg. Co, Praxis Home, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Gravity (India) at 123.52%, while the lowest is Praxis Home at -66.19%. Acknit Indus. has a 1-year return of 11.75%, which is significantly higher than Praxis Home but much lower than Gravity (India). Additionally, the six-month returns are negative for Surat Trade, Bhandari Hosiery, Addi Industries, SEL Mfg. Co, Praxis Home, and the rest.

How big is Acknit Indus.?

As of 31st August, Acknit Industries Ltd has a market capitalization of 101.00 Cr, with Net Sales of 247.24 Cr and a Net Profit of 8.66 Cr reported in the latest four quarters. Shareholder's Funds are 95.18 Cr and Total Assets are 188.38 Cr as of March 2026.

As of 31st August, Acknit Industries Ltd has a market capitalization of 101.00 Cr, classified as a Micro Cap.<BR><BR>In the latest four quarters, the company reported Net Sales of 247.24 Cr and a Net Profit of 8.66 Cr.<BR><BR>For the latest annual period ending in March 2026, Shareholder's Funds amounted to 95.18 Cr, while Total Assets were reported at 188.38 Cr.

Which are the latest news on Acknit Indus.?

Should I buy, sell or hold Acknit Industries Ltd?

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.