Akshar Spintex

Why is Akshar Spintex Ltd falling/rising?

As of 24-Jun, Akshar Spintex Ltd's stock price is declining, currently at 0.44, reflecting significant underperformance with a -21.43% drop over the past year and negative financial indicators, including a negative EBITDA and declining investor interest. The stock is trading below all moving averages, indicating a bearish trend.

As of 24-Jun, Akshar Spintex Ltd's stock price is falling, currently at 0.44, which reflects a change of -0.02 or -4.35%. This decline is evident in the stock's performance over various periods, showing a significant drop of -10.20% over the past month and -21.43% over the past year. In comparison, the benchmark Sensex has shown positive returns of +2.09% for the month and -6.17% for the year, highlighting the underperformance of Akshar Spintex.<BR><BR>Today's trading performance indicates that the stock has underperformed its sector by -7.11%, while the textile sector itself has gained by 2.79%. Additionally, the stock is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend.<BR><BR>Investor participation has also declined, with a delivery volume of 3.74 lacs on 23 June, down by -34.73% compared to the 5-day average. This drop in trading volume indicates reduced interest from investors, further contributing to the stock's downward pressure.<BR><BR>Financially, the company is facing significant challenges, including a negative EBITDA of Rs. -4.67 crore and a poor EBIT to Interest ratio of -2.97, which indicates difficulties in servicing its debt. Over the past year, while the stock has lost -21.43%, its profits have plummeted by -66.7%. Furthermore, the long-term outlook is weak, with a -207.06% CAGR growth in operating profits over the last five years, suggesting a lack of fundamental strength.<BR><BR>In summary, the combination of poor financial performance, declining investor participation, and underperformance relative to both the sector and benchmarks are key factors contributing to the falling stock price of Akshar Spintex Ltd.

Which are the latest news on Akshar Spintex?

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 was incorporated in 2013 and reported net sales of 34 Cr and a net profit of 0 Cr for the quarter ending March 2026.

Overview: <BR>Akshar Spintex Ltd is engaged in the manufacturing of 100% cotton yarn and operates within the Garments & Apparels industry, classified 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 profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 34 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 36 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: -9.15% <BR>Price to Book: 0.44<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

How big is Akshar Spintex?

As of 10th June, Akshar Spintex Ltd has a market capitalization of 36.00 Cr, with net sales of 117.28 Cr and a net loss of 7.40 Cr over the last four quarters. Shareholder's funds are valued at 88.21 Cr, and total assets amount to 97.42 Cr.

As of 10th June, <BR><BR>Market Cap: Akshar Spintex Ltd has a market capitalization of 36.00 Cr, classifying it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 117.28 Cr, while the sum of Net Profit for the same period reflects a loss of 7.40 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 88.21 Cr, and Total Assets amount to 97.42 Cr.

Who are in the management team of Akshar Spintex?

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. They oversee the company's operations and strategic direction.

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 is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Akshar Spintex?

Peers of Akshar Spintex include Gem Spinners, Skybiotech Healt, Suryaamba Spinni, Anirit Ventures, Tusaldah, Swasti Vinayaka, Vera Synthetic, and Cedaar Textile. Gem Spinners has the highest 1-year return at 61.58%, while Akshar Spintex's return is -23.33%.

Peers: The peers of Akshar Spintex are Gem Spinners, Skybiotech Healt, Suryaamba Spinni, Anirit Ventures, Tusaldah, Swasti Vinayaka, Vera Synthetic, and Cedaar Textile.<BR><BR>Quality Snapshot: Excellent management risk is observed at Suryaamba Spinni, while Average management risk is found at Swasti Vinayaka, Vera Synthetic, and Cedaar Textile, and the rest have Below Average or do not qualify. Growth is rated as Good at Suryaamba Spinni, Average at Cedaar Textile, and Below Average at Skybiotech Healt, Swasti Vinayaka, Vera Synthetic, and Akshar Spintex, with the rest not qualifying. Capital Structure is Good at Swasti Vinayaka and Vera Synthetic, Average at Suryaamba Spinni and Cedaar Textile, and Below Average at the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Gem Spinners at 61.58%, while the lowest is Suryaamba Spinni at -20.77%, with Akshar Spintex's 1-year return at -23.33%, which is lower than both. Additionally, Tusaldah and Swasti Vinayaka have negative six-month returns.

Should I buy, sell or hold Akshar Spintex Ltd?

When is the next results date for Akshar Spintex Ltd?

The next results date for Akshar Spintex Ltd is 21 May 2026.

The next results date for Akshar Spintex Ltd is scheduled for 21 May 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.

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.

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.

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.

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.