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Akshar Spintex Ltd Fundamentals

Market Cap
₹ 79.2 Cr
P/E Ratio (TTM)
22.00
P/B Ratio
1.80
Debt to Equity
0.52
ROE
-6.58
EPS (TTM)
0.12
Dividend Yield
0.38 %
Book Value
1.46

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Akshar Spintex Ltd Financials

Akshar Spintex Ltd Financials

Akshar Spintex Ltd Shareholding Pattern

Held By Mar 2024 Feb 2024 Dec 2023 Sep 2023
Retail 82.20 % 78.65 % 55.03 % 47.46 %
Promoters 12.04 % 15.23 % 37.57 % 43.75 %
Others 5.75 % 6.11 % 7.39 % 8.79 %
FII 0.01 % 0.01 % 0.01 % 0.00 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Retail

82.20%

Promoters

12.04%

Others

5.75%

FII

0.01%

Mutual Funds

0.00%

Retail

78.65%

Promoters

15.23%

Others

6.11%

FII

0.01%

Mutual Funds

0.00%

Retail

55.03%

Promoters

37.57%

Others

7.39%

FII

0.01%

Mutual Funds

0.00%

Retail

47.46%

Promoters

43.75%

Others

8.79%

FII

0.00%

Mutual Funds

0.00%

Resistance and Support

₹2.64

PIVOT

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Resistance
First Resistance₹2.673
Second Resistance₹2.717
Third Resistance₹2.753
support-arrow
Support
First Support₹2.593
Second Support₹2.557
Third Support₹2.513

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day771,172790,436100.00
Week790,436775,1252.50
1 Month790,436901,6742.50
6 Months668,385,268416,742,51095.32

About Akshar Spintex Ltd

Akshar Spintex Limited was originally incorporated as a private limited company 'Akshar Spintex Private Limited' at Jamnagar, Gujarat on June 19,2013. Subsequently, the company was converted into a Public Limited Company pursuant to special resolution passed by the members in Extraordinary General Meeting held on December 26, 2017 and the name of the Company was changed to 'Akshar Spintex Limited' on January 5, 2018. Abhishekbhai Tala, Amit Gadhiya, Ashok Dudhagara, Bakulesh Jani and Harish Trivedi were the initial subscribers to the Memorandum of Association of the Company. Abhishekbhai Tala had transferred his entire shareholding i.e. 8,66,000 Equity shares to Amit Gadhiya and Nayan Gadhiya on April 12, 2016. i.e. 4,00,000 and 4,66,000 Equity shares respectively. Further, Ashok Dudhagara, Bakulesh Jani and Tarish Trivedi had transferred their entire shareholding i.e. 5,000 shares, 1,000 shares and 1,000 shares, respectively to Rekhaben Chauhan on January 28, 2014. Akshar Spintex is engaged in manufacturing of cotton yarn. The Company manufactures 100% cotton yarn which include combed, semi combed and carded yarn. The manufacturing facility of the Company is situated at Kalavad of Rajkot District in Gujarat state in 1,83,437 sq. ft. area which is in the vicinity of the rich cotton growing areas of Gujarat. The Company is promoted by Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan. They have sound knowledge and experience in the industry in which it operates. The Promoters have sound knowledge of manufacturing process, marketing, finance and all kind of other commercial activities related to the cotton textile industry including but not limited to manufacturing and marketing of raw cotton, Cotton bales, Cotton seeds, yarn and by-products.

Managing Director

Amit Gadhiya

Founded

2013

NSE Symbol

AKSHAR

Akshar Spintex Ltd Management

NameDesignation
Amit GadhiyaManaging Director
Harikrishna ChauhanChairman & Wholetime Director
Ilaben PaghdarExecutive Director
Nirala JoshiIndependent Director
Rohit DobariyaIndependent Director
Parshotam Lakhabhai VasoyaAdditional Director
Pratik MakwanaCompany Secretary

Akshar Spintex Ltd News

Akshar Spintex standalone net profit declines 72.09% in the March 2024 quarter
Sales rise 28.72% to Rs 48.13 crore
Akshar Spintex to table results
On 20 May 2024
Akshar Spintex schedules board meeting
On 12 April 2024
Akshar Spintex to consider Bonus Issuet
On 17 February 2024
Akshar Spintex standalone net profit rises 48.94% in the December 2023 quarter
Sales rise 44.38% to Rs 44.80 crore
Akshar Spintex to hold board meeting
On 30 January 2024
Akshar Spintex schedules EGM
On 31 January 2024
Board of Akshar Spintex recommends interim dividend
Of Rs 0.01 per share
Akshar Spintex fixes record date for interim dividend
Record date is 30 December 2023
Akshar Spintex Ltd leads losers in 'B' group
Delphi World Money Ltd, S.A.L Steel Ltd, Onward Technologies Ltd and Aarti Surfactants Ltd Partly Paidup are among the other losers in the BSE's 'B' group today, 21 December 2023.

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Akshar Spintex Ltd FAQ

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

Akshar Spintex Ltd's P/E ratio is 22.00 times as of June 14, 2024 at 04:14 PM.

Akshar Spintex Ltd's most recent financial reports indicate a price-to-book ratio of 1.80, 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. Akshar Spintex Ltd's market is 79 Cr as on June 14, 2024 at 04:14 PM.

The current financial records of Akshar Spintex Ltd show a -6.58% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Akshar Spintex 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 Akshar Spintex Ltd stands at 12.04%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.01% to 0.01%.