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Aksh Optifibre Ltd (AKSHOPTFBR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532351 NSE: AKSHOPTFBR Cable | Small Cap | Aksh Optifibre Share Price

₹6.77 -0.13 (-1.88%)

As on 02-Jul'26 16:59

Aksh Optifibre Ltd (AKSHOPTFBR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532351 NSE: AKSHOPTFBR Cable | Small Cap | Aksh Optifibre Share Price

₹6.77 -0.13 (-1.88%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹110 Cr.
Current Price
₹6.8
52-Week Low / High
₹4 / 9
TTM EPS
₹-0.5
TTM Sales
₹126 Cr.
Book Value per Share
₹3.8
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
55.4
Price to Book (P/B)
1.77
Higher than its 5-year historical median
Price to Sales (P/S)
0.88
Higher than its 5-year historical median
EV/EBITDA
29.65
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-24.94%
Underperforms industry median
Return on Capital Employed (ROCE)
-9.25%
Underperforms industry median
Return on Assets (ROA)
-8.64%
Operating Profit Margin
-2.3%
Net Profit Margin
-15.82%
Gross Profit Margin
-7.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-40.88%
Operating Profit Growth (1 Year)
-
-131.02%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
19.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-19 Cr.
Equity
₹81.4 Cr.
Face Value
₹5
All Time Low / High
₹2.68 / 173.20

Aksh Optifibre stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Aksh Optifibre Ltd a good quality company?
Aksh Optifibre Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Aksh Optifibre Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Aksh Optifibre Ltd vs industry peers?
Aksh Optifibre Ltd revenue CAGR is -12.65%, compared to the industry median CAGR of 4.57%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Aksh Optifibre Ltd?
Promoters hold 19.37% of the Aksh Optifibre Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Aksh Optifibre Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -8.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Aksh Optifibre Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.7%6.3%8%10.4%-39.8%5.9%10.8%9.1%-83.5%-9.3%-
Value Creation
Index
-0.3-0.6-0.4-0.3-3.8-0.6-0.2-0.4-7.0-1.7-

Growth Parameters

Sales 435458583529250246301274215127126
Sales YoY Gr.-5.3%27.4%-9.4%-52.7%-1.4%22.2%-9.2%-21.4%-40.9%-
Adj EPS 2.40.81.41.6-8.90.210.9-3.4-1.3-0.5
YoY Gr.--64.6%69.1%10.6%-668.2%NA431.6%-10.9%-472.2%NA-
BVPS (₹) 27.428.830.231.616.316.417.518.45.64.33.8
Adj Net
Profit
38.613.623.225.6-145316.414.6-54.5-20.4-9
Cash Flow from Ops. 29.455.53.110482.54456.552.622.9-20.2-
Debt/CF from Ops. 32.4741.91.93.41.91.52.8-3.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -12.8%-12.7%-25%-40.9%
Adj EPS -193.1%NA-207.4%NA
BVPS-18.5%-23.2%-37.2%-22.1%
Share Price -9% -7.5% -7.5% -24.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.234.85.1-37.31.165-26.6-20.5-13
Op. Profit
Mgn %
16.710.711.916.78.714.117.416.54.4-2.31.2
Net Profit
Mgn %
8.9344.8-581.25.55.3-25.3-16-6.9
Debt to
Equity
0.20.30.50.40.60.60.40.30.70.90
Working Cap
Days
21022921626544931523323018816894
Cash Conv.
Cycle
6266729816210363491318-97

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales435458583529250246301274215127
Operating Expenses + 362409514440228212249228206130
Manufacturing Costs54536558384855211712
Material Costs26030538131414012715517014689
Employee Cost 22263536302422212118
Other Costs 26253432211317162210
Operating Profit 73496988223552459-3
Operating Profit Margin (%) 16.7%10.7%11.9%16.7%8.7%14.1%17.4%16.5%4.4%-2.3%
Other Income + 4657566432
Exceptional Items -70-14-236-101-2220
Interest 1413182826222013109
Depreciation 19202124171615151312
Profit Before Tax 37223547-25332423-233-22
Tax 491218-5177-23-2
Profit After Tax 34142328-24821715-210-20
PAT Margin (%) 7.7%3.0%3.9%5.3%-99.1%0.9%5.7%5.6%-97.4%-15.8%
Adjusted EPS (₹)2.10.81.41.7-15.20.11.11.0-12.9-1.2
Dividend Payout Ratio (%)0%0%21.40%0%0%0%0%0%0%0%

Valuation of Aksh Optifibre - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 44646949251426526728530010989
Share Capital 81818181818181818181
Reserves 364388410433183186203219288
Debt +6710120817413310656211641
Long Term Debt27288067482211000
Short Term Debt4074128107858444211641
Minority Interest0000000000
Trade Payables709810493777470374526
Others Liabilities 50628910192991201138059
Total Liabilities 632730893882566546530471251215

Fixed Assets

Net Fixed Assets +8091176170162149135126120100
Gross Block246278368386394395396290279276
Accumulated Depreciation166187192216232247261164159176
CWIP 2165152153210000
Investments 2601511561601501821851853126
Inventories24444866423635212015
Trade Receivables142156213183124102106382421
Cash Equivalents 310231419211962120
Others Assets 121114125135675550943433
Total Assets 632730893882566546530471251215

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 295531048244575323-20
PBT 37223547-25332423-233-22
Adjustment 2628344527433322725115
Changes in Working Capital -2711-60196415369-13
Tax Paid -6-6-6-7-3-7-2-3-40
Cash Flow From Investing Activity + -8-59-80-21-11-28-1-6-20
Capex -6-45-93-20-7-1-3-5-30
Net Investments 0-3-3-4-600000
Others -2-101642-273-110
Cash Flow From Financing Activity + -22280-87-68-19-52-48-2217
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -101039-7-24-5-11-1100
Interest Paid -10-13-19-28-26-13-11-15-10-3
Dividend Paid 000-6000000
Others -1559-47-18-1-30-21-1220
Net Cash Flow -1-23-34-34-2-1-3

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.9934.755.59-63.640.846.175.28-107.25-24.94
ROCE (%)9.726.317.9810.42-39.85.910.89.13-83.51-9.25
Asset Turnover Ratio0.750.70.730.60.350.440.560.550.60.55
PAT to CFO Conversion(x)0.853.930.133.71N/A223.353.53N/AN/A
Working Capital Days
Receivable Days106.10113.50114.10136.60223.90167.30126.3096.6053.1065.10
Inventory Days20.7025.9028.303978.2057.8043.1037.103550.30
Payable Days90.80100.3096.90114.20220.50217.20168.70113.70102.30145.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aksh Optifibre Ltd FAQs

The current trading price of Aksh Optifibre on 02-Jul-2026 16:59 is ₹6.77.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Aksh Optifibre stood at ₹110.2 Cr

The latest P/E ratio of Aksh Optifibre as of 01-Jul-2026 is 0.00.

The latest P/B ratio of Aksh Optifibre as of 01-Jul-2026 is 1.77.

The 52-week high of Aksh Optifibre is ₹9.33 and the 52-week low is ₹3.81.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aksh Optifibre is ₹126 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Aksh Optifibre Ltd is a average quality company.

The key valuation ratios of Aksh Optifibre Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Aksh Optifibre Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Aksh Optifibre Ltd

Aksh Optifibre Limited, an ISO 9002 company certified by US-based Underwriters Laboratories Inc, was incorporated in the year 1986 as private limited company. It was converted into a public limited company on March 13, 1994.

The company is engaged in the production of a variety of cables such as:

  • SingleMode & MultiMode Cables
  • Duct Cables
  • Armoured & Aerial Cables, Indoor
  • Outdoor Cables
  • The company has also the facilities of producing ribbon Fibre Optic

Aksh Optifibre diversified into the manufacture of Optic Fibre Cables in September 1994, by setting up a plant amidst pastoral environment at Bhiwadi, Rajasthan that is at a distance of about 70 km from New Delhi. The project was set up with a state-of-the-art computerized machinery supplied by the Rosendahl (Austria), an affiliate of Alcatel under their guarantee for producing cables of highest quality with annual capacity of 6500 CKM. 

In order to protect itself from raw material shortages, Aksh, in 1995, set up a 150,000 fibre kilometre (fkm) facility for manufacture of optical fibres from quartz 'Preforms'. Nokia of Finland supplied the equipment. This was the first stage of backward integration for Aksh. With this set-up Aksh was among the first companies in India to set up its own fibre optic-manufacturing units.In 1999- 2000 it changed focus to exclusively manufacturing optic fibre and optic fibre cables and hived off the copper division and acquired CMI Ltd.'s Optic Fibre division, a move that enhanced its capacities from 33,222 ckm in '98-99 to 50,358 ckm.

Aksh has two plants at Bhiwadi and one at Jaitpura, Rajasthan manufacturing FRP rods, with capacity of I.2 lac. Aksh has also recently commissioned a fibre tower and has increased capacity of FRP manufacturing, from 1.2 lac to 3 lac km per annum, at Ringus. Both the plants at Bhiwadi are ISO-9002 certified by Underwriters Laboratories for manufacture of premises cable .

Currently Aksh has an in-house capacity to manufacture 150,000 fkm. This has been increased by 6,50,000 fkm by commissioning of the 1st tower under the old project.

Aksh raised Rs 358.10 million through a public issue in August 2000, to finance the expansion of optic fibre capacity from 150,000 fkm to 1.45 million fkm per annum; optic fibre cables from 50,358 ckm to 81,000 ckm; and for creating capacity to manufacture preforms for 1.08 million fkm per annum.

Milestone Achievements

  • 1986 : Incorporated as a Private Limited Company
  • 1994 : Converted into a Public Limited Company
  • 1994 : Diversified into the manufacture of Optic Fibre Cables (OFC) by setting up a plant at Bhiwadi (Plant-I). Annual capacity - 6500 Cable Kilometers (CKM).
  • 1995 : Integrated backwards into manufacture of Optical Fibre with Annual capacity of 150,000 Fibre Kilometres (FKM).
  • 1998 : ISO 9002 accreditation by United Laboratories (UL), USA.
  • 1999 : Turnover OFC manufacturing capacity to 33,000 CKM
  • 1999 : Took over the Optical Fibre Cable plant of CMI Ltd., Plant-II, Capacity increased to 50,000 CKM.
  • 2000 : Came out with an IPO and got listed on BSE, NSE and JSE.
  • 2000 : Merged Telecords (India) Private Limited manufacture of FRP rods with Plant at JaitPura (Plant-IV).
  • 2001 : Enhanced the production capacity of Fibre to 1.45 million FKM, by commissioning a dual Fibre Drawing Tower
  • 2001 : Started a plant for Fibre Reinforced Plastic (FRP) rods at Ringus (Plant-III) with capacity of 0.3 million KM.
  • 2002 : Increased capacity at Ringus plant to 0.8 million KMs
  • 2003 : Added capability to manufacture Ribbon cable and special access cable
  • 2009 : Aksh Optifibre Ltd Successful renewal of ISO 9001:2008 by Underwriters Laboratories Inc. (UL). - Aksh Optifibre Ltd Became member of FTTH council.
  • 2012 : Aksh Optifibre Ltd merger with Aksh Technologies Ltd.

Other developments

Recently Aksh has taken a step further for backward integration by merger with Telecords (I) Pvt. Ltd. for the manufacture of Fibre Reinforced Plastic (FRP) rods. AKSH produces variety of cables such as SingleMode & MultiMode Cables, Duct Cables, Armoured & Aerial Cables, Indoor & Outdoor Cables. The Company has also the facilities or producing ribbon Fibre Optic Cables.

Aksh has recently developed a new cost-effective concept called 'Fibre-to-Home', through which they expect to revolutionise the IT and telecom industry completely. It's a concept that would bring wireless Voice, Audio, Video and Internet direct to home.

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