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Acknit Industries Ltd Fundamentals

Market Cap
₹ 95.2 Cr
P/E Ratio (TTM)
11.13
P/B Ratio
1.21
Debt to Equity
0.80
ROE
13.65
EPS (TTM)
28.13
Dividend Yield
0.48 %
Book Value
259.24

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Acknit Industries Ltd Financials

Acknit Industries Ltd Financials

Acknit Industries Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 50.34 % 50.34 % 50.34 % 50.34 %
Retail 24.94 % 23.68 % 23.70 % 23.39 %
Others 24.72 % 25.98 % 25.62 % 25.83 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %
FII 0.00 % 0.00 % 0.34 % 0.44 %

Promoters

50.34%

Retail

24.94%

Others

24.72%

Mutual Funds

0.00%

FII

0.00%

Promoters

50.34%

Retail

23.68%

Others

25.98%

Mutual Funds

0.00%

FII

0.00%

Promoters

50.34%

Retail

23.70%

Others

25.62%

Mutual Funds

0.00%

FII

0.34%

Promoters

50.34%

Retail

23.39%

Others

25.83%

Mutual Funds

0.00%

FII

0.44%

Resistance and Support

₹322.68

PIVOT

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Resistance
First Resistance₹335.467
Second Resistance₹357.783
Third Resistance₹370.567
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Support
First Support₹300.367
Second Support₹287.583
Third Support₹265.267

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day77,62738,07749.05
Week11,51210,4980.00
1 Month11,5123,0260.00
6 Months418,818314,83483.34

About Acknit Industries Ltd

Acknit Industries Limited formerly known as Acknit Knitting Limited, incorporated in 1990, is an ISO 9001 - 2008 Public Limited Company, In a span of twenty of twenty three years of operations, the Company has been engaged in the manufacturing and exporting of seamless hand gloves. Acknit has diversified its product range into divisions, namely seamless gloves division, leather division and other leather products division and industrial garments division. Gloves Division produce all types of seamless gloves made of different yarn of cotton, poly/cotton, polyamide, kevlar, dyneema. Leather division produces all types of leather gloves, jacket, apron, leg guard made from split, chrome, heat resistance and water repellant leather. Industrial garment produces all types of industrial garments made from 100% cotton fabric, poly/cotton, polyester and fabrics. It operates in four segments: own manufactured cotton and synthetic gloves; leather gloves; other and traded items, and power generation segment. From a modest beginning Acknit has emerged as a leading producer and exporter of Seamless Gloves from India with an installed production capacity of over a million pairs a month with dotting, PU-coating and Nytrile Coating facilities for its Seamless range of Gloves. The Seamless Gloves Division is situated in Special Economic Zone (SEZ) manufacturing Seamless Gloves made of 100% Cotton, Poly / Cotton, Nylon, Kevlar, HPPE and other special cut resistant blended yarns etc., for cut lever 1 to 5., the Company is having 3 coating facilities which produces PU Coating, Nitrile Coating & Layex Coated Gloves. The Industrial Garments Division is manufacturing various types of Industrial Garments made of Cotton, Poly / Cotton, high visibility fabric with 3m reflective tape, heat resistant, Nomex and T-Shirt of all types. All the units are of international standards with sophisticated machinery and state of the art facilities having adequate production capacity to meet the growing market demands. The products are manufactured as per CE norms and well approved by the overseas customers. Over 90% productions are exported to European countries regularly and it is a recognized export house by the Government of India. The Industrial Leather Products Division owns a full integrated setup backed up with its own tanning facilities for manufacturing Leather Gloves and special type of Leather Gloves of Kevlar / HPPE / Glass Yarns with leather stitch on the palm and at the back of the finger tips. of the fastest growing and leading exporters from India in a short span of time.

Managing Director

1990

Founded

S Krishan Saraf

NSE Symbol

NA

Acknit Industries Ltd Management

NameDesignation
S Krishan SarafManaging Director
Deo Kishan SarafWhole-time Director
Mukul BanerjeeIndependent Director
Jadav Lal MukherjeeIndependent Director
Rashi SarafDirector
Rajashri GoshIndependent Director
Shankar Lal BajajIndependent Director
Abhishek SarafWhole Time Director
KrishanCompany Sec. & Compli. Officer

Acknit Industries Ltd News

Board of Acknit Industries recommends final dividend
Of Rs 1.5 per share
Acknit Industries standalone net profit rises 35.84% in the March 2024 quarter
Sales rise 29.20% to Rs 68.45 crore
Acknit Industries to hold board meeting
On 22 May 2024
Acknit Industries standalone net profit declines 13.04% in the December 2023 quarter
Sales decline 3.28% to Rs 46.33 crore
Acknit Industries to discuss results
On 12 February 2024
Acknit Industries standalone net profit declines 7.25% in the September 2023 quarter
Sales decline 11.47% to Rs 56.03 crore
Acknit Industries to table results
On 8 November 2023
Acknit Industries standalone net profit declines 34.73% in the June 2023 quarter
Sales decline 32.91% to Rs 49.85 crore
Acknit Industries to announce Quarterly Result
On 11 August 2023
Acknit Industries AGM scheduled
On 27 July 2023

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Acknit Industries Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Acknit Industries Ltd shares in BlinkX

Acknit Industries Ltd's P/E ratio is 11.13 times as of May 27, 2024 at 04:00 PM.

Acknit Industries Ltd's most recent financial reports indicate a price-to-book ratio of 1.21, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Acknit Industries Ltd's market is 95 Cr as on May 27, 2024 at 04:00 PM.

The current financial records of Acknit Industries Ltd show a 13.65% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Acknit Industries Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Acknit Industries Ltd stands at 50.34%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.00% to 0.00%.