Akshar Spintex

What is the bonus history of the Akshar Spintex?

Akshar Spintex has announced a 1:5 bonus issue, with an ex-date and record date set for February 15, 2024. Shareholders will receive one additional share for every five shares held.

Akshar Spintex has a recent bonus issue where they announced a 1:5 bonus. The ex-date for this bonus is set for February 15, 2024. This means that for every five shares held, shareholders will receive one additional share as a bonus. The record date for this bonus is also February 15, 2024. If you have any further questions about the company or its financial activities, feel free to ask!

Has Akshar Spintex declared dividend?

Akshar Spintex Ltd has declared a 1% dividend, amounting to ₹0.01 per share, with an ex-date of January 4, 2024. Despite this, the company has experienced significant price declines over various periods, with only the 5-year return showing a positive total return of 88.25%.

Akshar Spintex Ltd has declared a 1% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 1%<BR>- Amount per share: 0.01<BR>- Ex-date: 04 Jan 24<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -15.49%, the dividend return was 0%, resulting in a total return of -15.49%.<BR><BR>Over the past year, the price return was -65.47%, the dividend return was 0%, leading to a total return of -65.47%.<BR><BR>In the 2-year period, the price return was -84.14%, with a dividend return of 0.29%, resulting in a total return of -83.85%.<BR><BR>For the 3-year period, the price return was -84.93%, the dividend return was 0.22%, culminating in a total return of -84.71%.<BR><BR>In the last 4 years, the price return was -9.11%, the dividend return was 1.69%, which gave a total return of -7.42%.<BR><BR>Over the past 5 years, the price return was 85.47%, with a dividend return of 2.78%, resulting in a total return of 88.25%.<BR><BR>Overall, while Akshar Spintex has declared a dividend, the total returns over various periods indicate significant declines in price, particularly in the shorter terms, with only the 5-year period showing a positive return. This suggests challenges in the company's performance despite the recent dividend declaration.

Is Akshar Spintex overvalued or undervalued?

As of February 17, 2025, Akshar Spintex Ltd. is considered overvalued and risky due to its negative PE ratio of -10.64, EV to EBITDA ratio of -20.65, and poor stock performance, with a year-to-date return of -20% compared to the Sensex's 5.56%.

As of 17 February 2025, Akshar Spintex Ltd. has moved from an attractive to a risky valuation grade. The company appears to be overvalued given its negative PE ratio of -10.64, an EV to EBITDA ratio of -20.65, and a ROE of -5.03%. These figures indicate significant financial distress and inefficiency in generating returns for shareholders.<BR><BR>In comparison to its peers, Akshar Spintex's valuation metrics are concerning, particularly when considering that it has a PEG ratio of 0.00, suggesting no growth expectations. Notably, other companies in the industry may have more favorable ratios, reinforcing the perception of Akshar Spintex's overvaluation. The company's stock performance has also lagged significantly behind the Sensex, with a year-to-date return of -20% compared to the Sensex's 5.56%, further emphasizing the challenges it faces.

What is the technical trend for Akshar Spintex?

As of May 12, 2025, Akshar Spintex shows a mildly bearish trend due to daily moving averages indicating bearishness, while weekly MACD and KST present mildly bullish signals, resulting in a cautious outlook with a slight bearish bias.

As of 12 May 2025, the technical trend for Akshar Spintex has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend, while the weekly MACD and KST show mildly bullish signals. The Bollinger Bands are bearish on both weekly and monthly time frames, reinforcing the bearish sentiment. The RSI shows no signal on both weekly and monthly charts, indicating a lack of momentum. Overall, the mixed signals suggest a cautious outlook with a slight bearish bias.

Who are the peers of the Akshar Spintex?

Akshar Spintex's peers include Mohite Industrie, GTN Industries, Sparkle GoldRock, and others, with average management risk and below-average growth and capital structure. Sparkle GoldRock leads in 1-year returns at 718.29%, while Akshar Spintex has the lowest at -65.26%.

Peers: The peers of Akshar Spintex are Mohite Industrie, GTN Industries, Sparkle GoldRock, Mohit Industries, 7NR Retail Ltd, Katare Spinning, Angel Fibers, Jet Knitwears, and Laxmi Cotspin.<BR><BR>Quality Snapshot: Below Average management risk is observed at Mohite Industrie, Mohit Industries, 7NR Retail Ltd, Katare Spinning, Angel Fibers, Jet Knitwears, and Laxmi Cotspin, while Average management risk is found at GTN Industries, Sparkle GoldRock, and Akshar Spintex. Growth is Below Average for Mohite Industrie, GTN Industries, Sparkle GoldRock, Mohit Industries, 7NR Retail Ltd, Akshar Spintex, Katare Spinning, Angel Fibers, Jet Knitwears, and Laxmi Cotspin, while no peers are rated as Above Average. Capital Structure is Below Average for Mohite Industrie, GTN Industries, Sparkle GoldRock, Mohit Industries, 7NR Retail Ltd, Akshar Spintex, Katare Spinning, Angel Fibers, Jet Knitwears, and Laxmi Cotspin, with no peers rated as Above Average.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Sparkle GoldRock at 718.29%, while Akshar Spintex has the lowest at -65.26%. Akshar Spintex's 1-year return is significantly lower than all peers. Additionally, the six-month return is negative for Mohite Industrie, GTN Industries, Sparkle GoldRock, Mohit Industries, 7NR Retail Ltd, Akshar Spintex, Katare Spinning, and Angel Fibers.

Who are in the management team of Akshar Spintex?

As of March 2020, the management team of Akshar Spintex includes Ashokbhai Bhalala (Director), Amit Gadhiya (Managing Director), Harikrishna Chauhan (Chairman & Wholetime Director), Ilaben Paghdar (Executive Director), and several independent directors, along with a Company Secretary and an Additional Director. This team is responsible for the company's operations and strategic direction.

As of March 2020, the management team of Akshar Spintex includes the following individuals:<BR><BR>1. Ashokbhai Bhalala - Director<BR>2. Amit Gadhiya - Managing Director<BR>3. Harikrishna Chauhan - Chairman & Wholetime Director<BR>4. Ilaben Paghdar - Executive Director<BR>5. Vipul Patel - Independent Director<BR>6. Nirala Joshi - Independent Director<BR>7. Rohit Dobariya - Independent Director<BR>8. Kishorkumar M Kikani - Company Secretary<BR>9. Parshotam Lakhabhai Vasoya - Additional Director<BR><BR>This team oversees the operations and strategic direction of the company.

What does Akshar Spintex do?

Akshar Spintex Ltd manufactures 100% cotton yarn and operates in the Garments & Apparels industry as a Micro Cap company. It reported net sales of 306 Cr and a net loss of 11 Cr for the quarter ending March 2025.

Overview: <BR>Akshar Spintex Ltd is engaged in the manufacturing of 100% cotton yarn and operates within the Garments & Apparels industry, categorized as a Micro Cap company.<BR><BR>History: <BR>Akshar Spintex Ltd was originally incorporated as a Private Limited Company on June 19, 2013, in Jamnagar, Gujarat, and was later converted into a Public Limited Company on January 5, 2018. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 306 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -11 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 45 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.04 <BR>Return on Equity: -5.03% <BR>Price to Book: 0.51<BR><BR>Contact Details: <BR>Address: Revenue Survey No. 102/2 Paiki, Plot No 2 Ranuja Road Kalavad Jamnagar Gujarat : 361013 <BR>Tel: 91-9825213622 <BR>Email: admin@aksharspintex.in <BR>Website: http://www.aksharspintex.in

Who are the top shareholders of the Akshar Spintex?

The top shareholders of Akshar Spintex include promoter Harikrushna Shamjibhai Chauhan with 0.11% and public shareholder Ankit Jain with 1.5%. Individual investors hold a significant 94.15%, with no mutual funds or foreign institutional investors involved and no pledged promoter holdings.

The top shareholders of Akshar Spintex include Harikrushna Shamjibhai Chauhan, who is the promoter with the highest holding at 0.11%. The highest public shareholder is Ankit Jain, holding 1.5%. Additionally, individual investors collectively hold a significant portion of the shares, accounting for 94.15%. There are no mutual funds or foreign institutional investors currently holding shares in the company, and there are no pledged promoter holdings.

How big is Akshar Spintex?

As of 24th July, Akshar Spintex Ltd has a market capitalization of 44.00 Cr and reported Net Sales of 116.76 Cr, with a Net Profit loss of 4.44 Cr over the latest four quarters. Shareholder's Funds are 43.88 Cr, and Total Assets amount to 73.86 Cr as of March 2024.

As of 24th July, Akshar Spintex Ltd has a market capitalization of 44.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Akshar Spintex reported Net Sales of 116.76 Cr. However, the company experienced a loss of 4.44 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024. Shareholder's Funds are reported at 43.88 Cr, while Total Assets amount to 73.86 Cr.

How has been the historical performance of Akshar Spintex?

Akshar Spintex experienced significant financial fluctuations, with net sales dropping from 174.96 Cr in March 2024 to 116.77 Cr in March 2025, resulting in negative operating profit and a profit after tax of -4.45 Cr. Total liabilities and assets increased during the same period, while cash flow from operating activities turned negative at -29.00 Cr.

Answer:<BR>The historical performance of Akshar Spintex shows significant fluctuations in its financial metrics over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Akshar Spintex's net sales peaked at 174.96 Cr in March 2024 but dropped to 116.77 Cr by March 2025. The total operating income followed a similar trend, decreasing from 174.96 Cr in March 2024 to 116.77 Cr in March 2025. The company's total expenditure also saw a decline from 167.22 Cr in March 2024 to 119.20 Cr in March 2025. Operating profit (PBDIT) turned negative in March 2025 at -0.15 Cr, contrasting with a positive 10.70 Cr in March 2024. Profit before tax also fell sharply from 5.02 Cr in March 2024 to -5.88 Cr in March 2025, leading to a profit after tax of -4.45 Cr in March 2025, down from 3.46 Cr the previous year. The company's total liabilities increased from 73.86 Cr in March 2024 to 97.42 Cr in March 2025, while total assets rose from 73.86 Cr to 97.42 Cr in the same period. Cash flow from operating activities turned negative at -29.00 Cr in March 2025, compared to a positive 4.00 Cr in March 2024, indicating a challenging financial environment for the company.

When is the next results date for Akshar Spintex Ltd?

The next results date for Akshar Spintex Ltd is 13 February 2026.

The next results date for Akshar Spintex Ltd is scheduled for 13 February 2026.

Are Akshar Spintex Ltd latest results good or bad?

Akshar Spintex Ltd's latest results are concerning, showing a 53.76% increase in revenue to ₹34.35 crores but a net loss of ₹3.80 crores, a 92.89% decline in profitability. The operating margin has worsened to negative 14.79%, indicating significant operational challenges despite revenue growth.

The latest results for Akshar Spintex Ltd indicate a troubling situation for the company. While there was a significant increase in revenue, which rose by 53.76% quarter-on-quarter to ₹34.35 crores, the company reported a net loss of ₹3.80 crores, marking a staggering 92.89% decline in profitability compared to the previous quarter. This loss is also worse than the loss reported in the same quarter last year.<BR><BR>Additionally, the operating margin has deteriorated sharply to negative 14.79%, the lowest performance in seven quarters. This suggests that despite the growth in sales, the company is struggling with its cost structure and operational efficiency, leading to substantial losses.<BR><BR>Overall, the financial performance reflects a company in distress, with persistent operating losses and a lack of profitability, raising serious concerns about its operational viability and future prospects.

Should I buy, sell or hold Akshar Spintex Ltd?

Why is Akshar Spintex Ltd falling/rising?

As of 17-Mar, Akshar Spintex Ltd's stock price is at 0.40, unchanged from the previous session, and has significantly underperformed with a year-to-date decline of 21.57%. The stock is trading below its moving averages, indicating a bearish trend, and investor participation has decreased, reflecting reduced interest.

As of 17-Mar, Akshar Spintex Ltd's stock price is currently at 0.40, showing no change from the previous trading session. The stock has been underperforming significantly in various time frames, with a year-to-date decline of 21.57% compared to a 10.74% drop in the Sensex. Over the past year, the stock has decreased by 31.03%, while the Sensex has increased by 2.56%. <BR><BR>In the short term, the stock has also shown negative performance, with a 1-week decline of 2.44% against a 2.73% drop in the benchmark index. Additionally, the stock is trading below its moving averages across multiple periods, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. <BR><BR>Investor participation has decreased, as evidenced by a delivery volume of 8.48 lacs on 16 March, which is down 36.24% compared to the 5-day average delivery volume. This decline in trading activity suggests reduced interest among investors. Overall, these factors contribute to the stock's downward trajectory.

Why is Akshar Spintex Ltd falling/rising?

As of 18-Mar, Akshar Spintex Ltd's stock price is at 0.40, with significant underperformance compared to the Sensex, declining 21.57% year-to-date. The company faces financial struggles, including operating losses and low profitability, contributing to decreased investor confidence and a downward price trend.

As of 18-Mar, Akshar Spintex Ltd's stock price is currently at 0.40, showing no change (0.00%). The stock has been underperforming significantly compared to the benchmark Sensex, with a decline of 2.44% over the past week and a staggering 21.57% year-to-date. Over the last year, the stock has fallen by 32.20%, while the Sensex has gained 1.86%. <BR><BR>Today's performance indicates that the stock has underperformed its sector by 2.79%. Additionally, it is trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a consistent downward trend in its price.<BR><BR>Investor participation has also decreased, with a delivery volume of 4.31 lacs on 17 March, which is down by 65.38% compared to the 5-day average. This decline in trading activity reflects a lack of confidence among investors.<BR><BR>The company's financial health is concerning, as it has reported operating losses and has a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -2.23. Furthermore, the company has generated a low Return on Equity of 3.76%, highlighting its low profitability. The negative results reported for December 25, including a PAT of Rs -3.80 crore and a PBDIT of Rs -5.08 crore, further emphasize the company's struggles.<BR><BR>Overall, the combination of poor financial performance, declining investor interest, and underperformance relative to both the sector and benchmark indices contributes to the falling stock price of Akshar Spintex Ltd.

Why is Akshar Spintex Ltd falling/rising?

As of 19-Mar, Akshar Spintex Ltd's stock price is rising to 0.41, reflecting a 2.5% increase and outperforming the sector. Despite long-term declines, recent investor activity and short-term gains indicate a positive trend.

As of 19-Mar, Akshar Spintex Ltd's stock price is rising, currently at 0.41, reflecting a change of 0.01 or 2.5% increase. This upward movement is notable as it outperformed the sector by 5.28%, despite the broader textile sector experiencing a decline of 2.78%. Additionally, there has been a significant increase in investor participation, with a delivery volume of 15.77 lacs on 18 March, which is up by 70.79% compared to the 5-day average delivery volume. <BR><BR>While the stock has shown a negative performance over longer periods, such as a year-to-date decline of 19.61% and a 3-year drop of 88.25%, the current performance indicates a short-term positive trend. The stock is trading higher than its 5-day moving averages, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that while there is a recent uptick, the stock still faces challenges in the longer-term context. Overall, the combination of improved investor activity and a relative outperformance against the sector contributes to the current rise in Akshar Spintex Ltd's stock price.

Why is Akshar Spintex Ltd falling/rising?

As of 20-Mar, Akshar Spintex Ltd's stock price is at 0.40, down 2.44%, and has underperformed its sector. The stock is trading below all key moving averages, with a significant drop in investor participation and a month-to-date decline of 14.89%.

As of 20-Mar, Akshar Spintex Ltd's stock price is falling, currently at 0.40, reflecting a change of -0.01 or -2.44%. The stock has underperformed its sector by 2.29% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 39.53% compared to the 5-day average. Over the past month, the stock has decreased by 14.89%, and year-to-date, it has fallen by 21.57%. These factors collectively contribute to the stock's current decline.

Why is Akshar Spintex Ltd falling/rising?

As of 23-Mar, Akshar Spintex Ltd's stock price is currently at 0.40, reflecting a 2.56% increase today, outperforming its sector despite a year-to-date decline of 21.57%. Increased investor participation may be contributing to this short-term rise, but the stock remains below its moving averages, indicating a longer-term downtrend.

As of 23-Mar, Akshar Spintex Ltd's stock price is rising, currently at 0.40, with a change of 0.01, reflecting an increase of 2.56%. This rise is notable as the stock has outperformed its sector by 4.9% today, despite the broader textile sector experiencing a decline of 2.41%. <BR><BR>However, it is important to consider that the stock has been underperforming over longer periods, with a year-to-date decline of 21.57% and a one-year drop of 31.03%. Additionally, the stock is trading below its moving averages across various time frames, indicating a general downtrend. <BR><BR>On a positive note, there has been a rise in investor participation, with a delivery volume of 11.15 lacs on March 20, which is up by 20.28% compared to the five-day average. This increased activity may contribute to the current upward movement in the stock price. Overall, while the stock is experiencing a rise today, it is essential to recognize the context of its longer-term performance and the prevailing market conditions.

Why is Akshar Spintex Ltd falling/rising?

As of 24-Mar, Akshar Spintex Ltd's stock price is at 0.40, unchanged from the previous session, and has significantly underperformed with a year-to-date decline of 21.57%. The company faces ongoing financial difficulties, including negative profit and weak debt servicing ability, leading to its classification as a strong sell.

As of 24-Mar, Akshar Spintex Ltd's stock price is currently at 0.40, showing no change from the previous trading session. The stock has been underperforming significantly, with a year-to-date decline of 21.57% compared to a 13.09% drop in the benchmark Sensex. Over the past year, the stock has fallen by 29.82%, while the Sensex has only decreased by 5.02%. <BR><BR>Today, the stock underperformed its sector, which gained by 2.56%, and it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, despite a rise in delivery volume by 35.47% on March 23, the overall performance remains weak due to the company's operating losses and poor financial fundamentals. <BR><BR>The company reported a negative profit after tax of Rs -3.80 crore, which represents a significant decline of 127.5% compared to the previous four-quarter average. Furthermore, the company's ability to service its debt is weak, with a poor EBIT to interest ratio of -2.23, and it has generated a low return on equity of 3.76%. These factors contribute to the stock being classified as a strong sell, as the company faces ongoing financial difficulties and risks associated with negative EBITDA.

Why is Akshar Spintex Ltd falling/rising?

As of 25-Mar, Akshar Spintex Ltd's stock price is 0.40, unchanged from the previous day, and has significantly underperformed with a year-to-date decline of 21.57%. The company faces financial challenges, including operating losses and low profitability, contributing to its declining stock price and reduced investor interest.

As of 25-Mar, Akshar Spintex Ltd's stock price is currently at 0.40, with no change from the previous day. The stock has been underperforming significantly, with a year-to-date decline of 21.57%, compared to a decline of 11.67% in the benchmark Sensex. Over the past year, the stock has fallen by 28.57%, while the Sensex has only decreased by 3.52%. <BR><BR>Today's performance indicates that the stock has underperformed its sector by 1.69%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a consistent downward trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 32.58% compared to the 5-day average. <BR><BR>The company's financial health is concerning, as it has reported operating losses and a weak long-term fundamental strength. The average EBIT to Interest ratio is -2.23, indicating difficulties in servicing its debt. Furthermore, the company has generated a low return on equity of 3.76%, reflecting low profitability. Recent financial results have also been poor, with a PAT of Rs -3.80 crore, which has fallen by 127.5% compared to the previous four-quarter average, and the lowest PBDIT recorded at Rs -5.08 crore.<BR><BR>Overall, the combination of poor financial performance, declining investor interest, and significant underperformance relative to benchmarks and moving averages contributes to the falling stock price of Akshar Spintex Ltd.

Which are the latest news on Akshar Spintex?