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AksharChem (India) Ltd Fundamentals

Market Cap
₹ 220.27 Cr
P/E Ratio (TTM)
0.00
P/B Ratio
0.83
Debt to Equity
0.13
ROE
-0.34
EPS (TTM)
0.00
Dividend Yield
0.18 %
Book Value
330.38

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AksharChem (India) Ltd Financials

AksharChem (India) Ltd Financials

AksharChem (India) Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 62.70 % 62.70 % 62.70 % 62.70 %
Retail 28.60 % 27.94 % 28.16 % 28.18 %
Others 8.21 % 8.62 % 8.40 % 8.38 %
FII 0.43 % 0.68 % 0.68 % 0.68 %
Mutual Funds 0.06 % 0.06 % 0.06 % 0.06 %

Promoters

62.70%

Retail

28.60%

Others

8.21%

FII

0.43%

Mutual Funds

0.06%

Promoters

62.70%

Retail

27.94%

Others

8.62%

FII

0.68%

Mutual Funds

0.06%

Promoters

62.70%

Retail

28.16%

Others

8.40%

FII

0.68%

Mutual Funds

0.06%

Promoters

62.70%

Retail

28.18%

Others

8.38%

FII

0.68%

Mutual Funds

0.06%

Resistance and Support

₹275.73

PIVOT

resistance-arrow
Resistance
First Resistance₹280.617
Second Resistance₹284.283
Third Resistance₹289.167
support-arrow
Support
First Support₹272.067
Second Support₹267.183
Third Support₹263.517

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day17,0115,86847.26
Week12,4165,460-57.99
1 Month12,4164,133-57.99
6 Months4,305,7251,739,35464.05

About AksharChem (India) Ltd

AksharChem (India) Ltd. (Formerly Known as Audichem (India) Ltd.) was promoted by Mrs. Paru M. Jaykrishna in 1989. The Company is headquartered in the chemical belt of Mehsana (Gujarat) with a total manufacturing capacity of 23,400 metric tonnes per annum (MTPA). Presently, the Company is in the field of inorganic chemicals (Precipitated Silica) for tyre and rubber manufacturers. The Company is one of the leading chemicals manufacturing company based in India with a focus on exports to over 20 countries. Our product offerings fall into two categories organic chemicals and inorganic chemicals, which further diversified into Vinyl Sulphone, H Acid, CPC Green in organic chemicals and Precipitated Silica in inorganic chemicals. Out of which organic chemicals have multiple applications in textile, inks, plastics and paints industries and inorganic chemicals have applications in tyre, rubber, agrochemical and animal feed industries. During the year 2014-15, the Court approved Scheme of Arrangement through demerger and transfer of CPC Green Division of Asahi Songwon Colors Limited to the Company and consequential restructure of the Share Capital of Asahi Songwon Colors Limited dated November 29, 2014, which became effective from December 2, 2014. Consequent upon the Scheme, all the assets and liabilities of CPC Green Division of Asahi Songwon Colors Limited were transferred to the Company on the Appointed date i.e. April 1, 2014. Pursuant to Scheme of Arrangement in the nature of demerger and transfer of CPC Green division from Asahi Songwon Colors Limited along with the Vinyl Sulphone (VS), new product namely CPC Green was introduced in the business of the Company in 2014-15. During the year 2015-16 the Company acquired one subsidiary namely M/s. Akshar Pigments Pvt. Ltd. by acquiring 99.90% stake therein and also subscribed 51% stake of M/s. Chhatral Environment Management System Private Limited, however subsequently sold the entire stake in M/s. Chhatral Environment System Pvt. Ltd. Hence, at the end of the financial year the Company had one subsidiary company namely M/s. Akshar Pigments Private Limited. During 2017-18, the Company announced the Capex plan of Rs 175 Crores is in Specialty Chemicals, Dyes & Intermediates and Organic Pigments. The Share Capital of Company increased through Qualified Institutions Placement of 8,89,690 Equity Shares of Rs 10 each of the Company to Qualified Institutional Buyers, and accordingly, due to this the percentage of the holding of promoters of the Company changed and reduced to 62.70% from 70.33% in 2017-18. The Company commissioned Precipitated Silica plant at Dahej in 2020-21,

Managing Director

1989

Founded

Paru M Jaykrishna

NSE Symbol

AKSHARCHEM

AksharChem (India) Ltd Management

NameDesignation
Pradeep JhaIndependent Director
Gokul M JaykrishnaNon Executive Director
Kiran J Mehta Director
Munjal M JaykrishnaJoint Managing Director & CEO
Gautam M JainIndependent Director
Meet J JoshiCompany Sec. & Compli. Officer
Param J Shah Director
Jigar Mukesh PatelIndependent Director
Maitri Kirankumar MehtaIndependent Director
Gurcharan Singh Additional Director
Ashok Dolatsinh BarotExecutive Director
Paru M JaykrishnaChairperson & M D
Mehul C. NaliyadharaCompany Sec. & Compli. Officer

Events

Dividend Announcement for AksharChem (India) Ltd - May 30, 2023

On May 30, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 5.0%. This dividend percentage reflect...

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AksharChem (India) Ltd News

AksharChem (India) to table results
On 29 May 2024
AksharChem (India) reports standalone net profit of Rs 0.33 crore in the December 2023 quarter
Sales rise 15.98% to Rs 75.28 crore
AksharChem (India) to table results
On 30 January 2024
AksharChem (India) reports standalone net loss of Rs 7.60 crore in the September 2023 quarter
Sales decline 19.02% to Rs 73.30 crore
AksharChem (India) to conduct board meeting
On 7 November 2023
AksharChem (India) to hold AGM
On 27 September 2023
AksharChem (India) reports standalone net loss of Rs 5.38 crore in the June 2023 quarter
Sales decline 37.40% to Rs 71.68 crore
AksharChem (India) to convene board meeting
On 10 August 2023
Board of AksharChem (India) recommends final dividend
Of Rs 0.5 per share
AksharChem (India) reports standalone net loss of Rs 1.97 crore in the March 2023 quarter
Sales decline 42.18% to Rs 64.74 crore

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AksharChem (India) Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase AksharChem (India) Ltd shares in BlinkX

AksharChem (India) Ltd's P/E ratio is 0.00 times as of May 24, 2024 at 04:14 PM.

AksharChem (India) Ltd's most recent financial reports indicate a price-to-book ratio of 0.83, 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. AksharChem (India) Ltd's market is 220 Cr as on May 24, 2024 at 04:14 PM.

The current financial records of AksharChem (India) Ltd show a -0.34% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to AksharChem (India) 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 AksharChem (India) Ltd stands at 62.70%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 0.68% to 0.43%.