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Acknit Industries Ltd. Stock Analysis

Small Cap
Evaluated by 191 users | BSE: 530043 | NSE: |
Textile
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...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.62%8.31%6.03%6.31%4.16%7.59%5.35%4.68%5.08%7%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 658996.6134149161159161172170
Y-o-Y Gr. Rt.-36.9%8.5%39%10.7%8.1%-1.1%1.3%6.8%-1.2%
Adjusted EPS (Rs.) 2.18.044.169.361.8612.695.471.564.2211.67
Y-o-Y Gr. Rt.-282.9%-48.3%125%-80.1%582.3%-56.9%-71.5%170.5%176.5%
Book Value per Share (Rs.) 80.3984.5388.8696.89106.59116.81135.55135.93148.12160.22
Adjusted Net Profit 0.521.12.40.53.21.40.51.33.6
Net Op. Cash Flow (Rs. Cr.) -0.41.50.8-2.10.63.97.55.33.524.2
Debt to Cash Flow from Ops -67.8722.0450.35-21.0291.414.577.6510.2816.881.96
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Acknit Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.3%2.7%2.2%-1.2%
Adjusted EPS 21%44.4%28.7%176.5%
Book Value per Share 88.55.78.2
Share Price 11.6% -5.7% -15.3% 15.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 2.659.644.749.981.8111.274.31.262.977.57
Operating Profit Margin (%) 7.078.66.985.693.856.775.835.074.956.81
Net Profit Margin (%) 0.822.281.081.760.321.990.870.30.752.09
Debt to Equity 1.41.541.71.821.891.661.321.30.97
Working Capital Days 216184199183184173191200194192
Cash Conversion Cycle 114991098894104113117119124
Entity Percentage Holding
Promoters 50.34%
Institutions 0.44%
Non-Institutions 49.22%
Pledged *26.1426.1426.1426.1426.1426.1426.1426.1426.1426.14
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Acknit Industries Ltd.'s performance infers:

Acknit Industries Ltd. earnings have grown by 44.4%, whereas share price has depreciated -5.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Acknit Industries Ltd. share prices over the last 10 years. Here is what we found out:

Acknit Industries Ltd. share price has depreciated 8.2% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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