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Acknit Industries Ltd (530043)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530043 NSE: Textile | Small Cap | Acknit Industries Share Price
₹333 13.00 (4.06%)
As on 28-Aug'26 16:59
Acknit Industries Ltd (530043)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530043 NSE: Textile | Small Cap | Acknit Industries Share Price
₹333 13.00 (4.06%)
As on 28-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹101 Cr.
Current Price
₹333
52-Week Low / High
₹225 / 357
TTM EPS
₹28.5
TTM Sales
₹247 Cr.
Book Value per Share
₹320.3
P/E Ratio
11.69
Higher than its 5-year historical median
Industry PE
35.5
Price to Book (P/B)
1.04
Higher than its 5-year historical median
Price to Sales (P/S)
0.41
Higher than its 5-year historical median
EV/EBITDA
9.09
Higher than its 5-year historical median
Dividend Yield
0.45%
Profitability Efficiency
Return on Equity (ROE)
10.83%
Outperforms industry median
Return on Capital Employed (ROCE)
10.80%
Outperforms industry median
Return on Assets (ROA)
5.52%
Operating Profit Margin
7.5%
Net Profit Margin
3.74%
Gross Profit Margin
6.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.93%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
5.34%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
5.26%
Asset Quality
Promoter Holding
56.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹94 Cr.
Equity
₹3 Cr.
Face Value
₹10
All Time Low / High
₹2.25 / 405.90
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Acknit Industries Ltd a good quality company?
Acknit Industries Ltd is a weak quality company, based on a inconsistent 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 Acknit Industries Ltd performance compare with that of its Peers?
Revenue growth of Acknit Industries Ltd vs industry peers?
Acknit Industries Ltd revenue CAGR is 7.18%, compared to the industry median CAGR of 0.83%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Acknit Industries Ltd?
Promoters hold 56.13% of the Acknit Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Acknit Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.4% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Acknit Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.2% | 11% | 10.4% | 11.3% | 10.5% | 11.6% | 12.5% | 12.9% | 11.3% | 10.8% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | -0.3 | -0.2 | -0.3 | -0.2 | -0.1 | -0.1 | -0.2 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 161 | 159 | 161 | 172 | 170 | 172 | 216 | 238 | 221 | 240 | 247 |
| Sales YoY Gr. | - | -1.1% | 1.3% | 6.8% | -1.2% | 1.1% | 25.5% | 10.6% | -7.5% | 8.9% | - |
| Adj EPS ⓘ | 12.7 | 5.5 | 1.6 | 4.2 | 11.7 | 19.3 | 24.2 | 29.8 | 28.1 | 29.5 | 28.5 |
| YoY Gr. | - | -56.9% | -71.5% | 170.5% | 176.5% | 65.1% | 25.6% | 23.1% | -5.6% | 5% | - |
| BVPS (₹) ⓘ | 116.8 | 135.6 | 135.9 | 148.1 | 160.2 | 178.4 | 203.1 | 231.6 | 259.2 | 287.2 | 320.3 |
| Adj Net Profit ⓘ | 3.2 | 1.4 | 0.5 | 1.3 | 3.6 | 5.9 | 7.4 | 9.1 | 8.5 | 9 | 9 |
| Cash Flow from Ops. ⓘ | 3.9 | 7.5 | 5.3 | 3.5 | 24.2 | 9 | -7.6 | 25.4 | -8.5 | 10.1 | - |
| Debt/CF from Ops. ⓘ | 14.6 | 7.7 | 10.3 | 16.9 | 2 | 5 | -8.1 | 1.7 | -6.9 | 5.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.6% | 7.2% | 3.7% | 8.9% | ||||
| Adj EPS ⓘ | 9.8% | 20.4% | 6.8% | 5% | ||||
| BVPSⓘ | 10.5% | 12.4% | 12.3% | 10.8% | ||||
| Share Price | 12.7% | 24.5% | 15.3% | 12.3% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.3 | 4.3 | 1.3 | 3 | 7.6 | 11.4 | 12.7 | 13.7 | 11.5 | 10.8 | 9.4 |
| Op. Profit Mgn % ⓘ | 6.8 | 5.8 | 5.1 | 5 | 6.8 | 8 | 7.3 | 7.8 | 7.8 | 7.6 | 7.5 |
| Net Profit Mgn % ⓘ | 2 | 0.9 | 0.3 | 0.8 | 2.1 | 3.4 | 3.4 | 3.8 | 3.9 | 3.7 | 3.5 |
| Debt to Equity ⓘ | 1.9 | 1.7 | 1.3 | 1.3 | 1 | 0.8 | 1 | 0.6 | 0.7 | 0.7 | - |
| Working Cap Days ⓘ | 173 | 191 | 200 | 194 | 192 | 177 | 163 | 156 | 175 | 186 | 88 |
| Cash Conv. Cycle ⓘ | 104 | 113 | 117 | 119 | 124 | 118 | 114 | 115 | 135 | 143 | 34 |
Valuation of Acknit Industries - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 161 | 159 | 161 | 172 | 170 | 172 | 216 | 238 | 221 | 240 |
| Operating Expenses ⓘ + | 150 | 150 | 153 | 164 | 158 | 158 | 200 | 220 | 203 | 222 |
| Operating Profit ⓘ | 11 | 9 | 8 | 8 | 12 | 14 | 16 | 18 | 17 | 18 |
| Operating Profit Margin (%) | 6.6% | 5.8% | 5.1% | 4.9% | 6.8% | 8.0% | 7.3% | 7.8% | 7.8% | 7.5% |
| Other Income ⓘ + | 1 | 3 | 4 | 5 | 1 | 1 | 1 | 0 | 0 | 0 |
| Interest ⓘ | 4 | 5 | 6 | 5 | 5 | 3 | 3 | 3 | 3 | 3 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Profit Before Tax ⓘ | 5 | 5 | 4 | 6 | 6 | 8 | 11 | 12 | 11 | 12 |
| Tax ⓘ | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 |
| Profit After Tax | 3 | 3 | 3 | 5 | 4 | 6 | 8 | 9 | 9 | 9 |
| PAT Margin (%) | 1.9% | 2.0% | 1.9% | 2.7% | 2.6% | 3.4% | 3.7% | 3.8% | 3.9% | 3.7% |
| Adjusted EPS (₹) | 12.0 | 12.7 | 9.8 | 15.4 | 14.4 | 19.2 | 26.1 | 29.7 | 28.1 | 29.6 |
| Dividend Payout Ratio (%) | 12.50% | 11.90% | 15.30% | 9.70% | 10.40% | 7.80% | 5.70% | 5.10% | 5.30% | 5.10% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 30 | 34 | 41 | 45 | 49 | 54 | 62 | 70 | 79 | 87 | |
| Debt + | 55 | 56 | 53 | 57 | 45 | 42 | 59 | 43 | 58 | 58 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 14 | 18 | 16 | 13 | 13 | 12 | 15 | 13 | 12 | 17 | |
| Others Liabilities ⓘ | 7 | 7 | 8 | 9 | 12 | 10 | 11 | 7 | 6 | 7 | |
| Total Liabilities ⓘ | 106 | 116 | 118 | 124 | 119 | 119 | 147 | 133 | 156 | 170 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 25 | 24 | 24 | 27 | 32 | 32 | 37 | 37 | 35 | 35 | |
| CWIP ⓘ | 0 | 2 | 3 | 1 | 1 | 3 | 1 | 0 | 4 | 7 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 40 | 39 | 42 | 43 | 50 | 44 | 65 | 57 | 71 | 85 | |
| Trade Receivables | 24 | 30 | 29 | 31 | 22 | 24 | 31 | 28 | 34 | 31 | |
| Cash Equivalents | 1 | 2 | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | |
| Others Assets ⓘ | 15 | 19 | 18 | 22 | 13 | 16 | 13 | 9 | 12 | 12 | |
| Total Assets ⓘ | 106 | 116 | 118 | 124 | 119 | 119 | 147 | 133 | 156 | 170 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 4 | 7 | 5 | 3 | 24 | 9 | -8 | 25 | -9 | 10 |
| Cash Flow From Investing Activity ⓘ + | -4 | -2 | -4 | -2 | -8 | -3 | -6 | -3 | -4 | -7 |
| Cash Flow From Financing Activity ⓘ + | -2 | -5 | -2 | -2 | -16 | -6 | 14 | -22 | 13 | -3 |
| Net Cash Flow ⓘ | -2 | 1 | -1 | 0 | -0 | -0 | -0 | 0 | 0 | -0 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.77 | 10.03 | 7.87 | 10.85 | 9.32 | 11.36 | 13.69 | 13.65 | 11.46 | 10.83 |
| ROCE (%) | 11.24 | 10.95 | 10.43 | 11.33 | 10.54 | 11.61 | 12.45 | 12.85 | 11.31 | 10.8 |
| Asset Turnover Ratio | 1.57 | 1.45 | 1.39 | 1.43 | 1.41 | 1.46 | 1.62 | 1.71 | 1.53 | 1.48 |
| PAT to CFO Conversion(x) | 1.33 | 2.33 | 1.67 | 0.6 | 6 | 1.5 | -1 | 2.78 | -1 | 1.11 |
| Working Capital Days | ||||||||||
| Receivable Days | 50.90 | 61.60 | 66.60 | 62.70 | 55.60 | 48.10 | 46.40 | 45.40 | 51.40 | 49.40 |
| Inventory Days | 86.20 | 90.60 | 92 | 89.80 | 99.20 | 98.80 | 92.30 | 93.50 | 105.30 | 117.90 |
| Payable Days | 45.20 | 55.70 | 62.20 | 52.40 | 54.30 | 45.90 | 41.70 | 35.90 | 35.50 | 39.30 |
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Acknit Industries Ltd FAQs
The current trading price of Acknit Industries on 28-Aug-2026 16:59 is ₹333.0.
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 27-Aug-2026 the market cap of Acknit Industries stood at ₹101.2 Cr
The latest P/E ratio of Acknit Industries as of 27-Aug-2026 is 11.69.
The latest P/B ratio of Acknit Industries as of 27-Aug-2026 is 1.04.
The 52-week high of Acknit Industries is ₹357.0 and the 52-week low is ₹224.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Acknit Industries is ₹247 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Acknit Industries Ltd is a below average quality company.
The key valuation ratios of Acknit Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
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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