Acknit Industries Ltd Stock Analysis

BSE: 530043 | NSE: | Textile | Small Cap

BSE Share Price 29-Nov-2022 12:41
161.00 2.40 (1.51%)

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Acknit Industries Price Chart

P/E Ratio (SA) :
5.14
Market Cap :
48.2 Cr.
52-wk low :
111
52-wk high :
194
Bole Toh?

1. Is Acknit Industries Ltd a good quality company?

Data is not available for this company.

2. Is Acknit Industries Ltd undervalued or overvalued?

The key valuation ratios of Acknit Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Acknit Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Acknit Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Acknit Industries:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6%6.3%4.2%7.6%5.4%4.7%5.1%7%8.5%8.4%-
Value Creation Index -0.6-0.6-0.7-0.5-0.6-0.7-0.6-0.5-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 96.6134149161159161172170172216257
YoY Gr. Rt. %-39%10.7%8.1%-1.1%1.3%6.8%-1.2%1.1%25.5%-
Adj EPS 4.29.41.912.75.51.64.211.719.324.230.9
YoY Gr. Rt. %-125%-80.1%582.3%-56.9%-71.5%170.5%176.5%65.1%25.6%-
BVPS (₹) 88.996.9106.6116.8135.6135.9148.1160.2178.4203.1216.2
Adj Net Profit 1.12.40.53.21.40.51.33.65.97.49
Cash Flow from Ops. 0.8-2.10.63.97.55.33.524.29-7.6-
Debt/CF from Ops. 50.4-2191.414.67.710.316.925-8.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%6.3%7.8%25.5%
Adj EPS 21.6%34.7%79%25.6%
BVPS 9.68.411.113.8
Share Price 19.6% 7.1% 41.7% 38.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.7101.811.34.31.337.611.412.714.7
Op. Profit Mgn % 75.73.96.85.85.156.887.36.4
Net Profit Mgn % 1.11.80.320.90.30.82.13.43.43.7
Debt to Equity 1.71.821.91.71.31.310.810
Working Cap Days 199183184173191200194192177161149
Cash Conv. Cycle 109889410411311711912411811342

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Net Profit is growing at healthy rate in last 3 years 79.02%

Sales growth is good in last 4 quarters at 38.57%

Sales growth has been subdued in last 3 years 7.83%

Debt to equity has increased versus last 3 years average to 1.01

Latest Financials - Acknit Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 30.9 -
TTM Sales (₹ Cr.) 257 -
BVPS (₹.) 216.2 -
Reserves (₹ Cr.) 63 -
P/BV 0.73 -
PE 5.14 -
From the Market
52 Week Low / High (₹) 111.00 / 194.00
All Time Low / High (₹) 2.25 / 194.00
Market Cap (₹ Cr.) 48.2
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 23.7

Management X-Ray of Acknit Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.1426.1426.1426.1426.1426.1426.1426.1426.1426.14
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Acknit Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Acknit Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Acknit Industries on 29-Nov-2022 12:41 is : 161.0.
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 29-Nov-2022 12:41 the market cap of Acknit Industries stood at ₹ 48.21.
The latest PE ratio of Acknit Industries as of 29-Nov-2022 12:41 is 5.14.
The latest PB ratio of Acknit Industries as of 29-Nov-2022 12:41 is 0.73
The 52-week high of Acknit Industries is ₹ 194.0 and the 52-week low is ₹ 111.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Acknit Industries is ₹ 257.2 ( Cr.) .

About Acknit Industries Ltd

Acknit Knitting was incorporated in 1990 in India for manufacturing and export of seamless hand gloves to various countries in the world.

The company has now emerged as a leading exporter in India. Having established leadership in seamless hand gloves and export extended to European, USA and Canadian countries on the strength of best quality and competitive cost, Acknit has now diversified its product range under divisions, namely seamless gloves division, leather division and other leather products division and industrial garments division.

Divisions

  • Gloves Division: Acknit Knitting produces all types of seamless gloves made of different yarn of cotton, poly/cotton, polyamide, kevlar, dyneema.
  • Leather Division: The company manufactures all types of leather gloves, jackets, aprons, leg guarsd made from split, chrome, heat-resistance, water-repellent leather, etc.
  • Industrial Garment: This division produces industrial garments made from 100% cotton fabric, poly/cotton, polyester and high visibility fabrics.
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