Acknit Industries Ltd - Stock Valuation and Financial Performance

BSE: 530043 | NSE: | Textile | Small Cap

Acknit Industries Share Price

222 -0.55 -0.25%
as on 28-Mar'24 14:35

DeciZen - make an informed investing decision on Acknit Industries

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Acknit Industries stock performance -

mw4me loader
P/E Ratio (SA):
8.75
Market Cap:
67.7 Cr.
52-wk low:
135
52-wk high:
328

Is Acknit Industries Ltd an attractive stock to invest in?

1. Is Acknit Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Acknit Industries Ltd is a below average quality 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.
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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.3%4.2%7.6%5.4%4.7%5.1%7%8.5%8.4%9.5%-
Value Creation
Index
-0.6-0.7-0.5-0.6-0.7-0.6-0.5-0.4-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 134149161159161172170172216238205
Sales YoY Gr.-10.7%8.1%-1.1%1.3%6.8%-1.2%1.1%25.5%10.6%-
Adj EPS 9.41.912.75.51.64.211.719.324.229.825.4
YoY Gr.--80.1%582.3%-56.9%-71.5%170.5%176.5%65.1%25.6%23.1%-
BVPS (₹) 96.9106.6116.8135.6135.9148.1160.2178.4203.1231.6248.1
Adj Net
Profit
2.40.53.21.40.51.33.65.97.49.18
Cash Flow from Ops. -2.10.63.97.55.33.524.29-7.625.4-
Debt/CF from Ops. -2191.414.67.710.316.925-8.11.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%8.2%12%10.6%
Adj EPS 13.7%80.4%36.7%23.1%
BVPS10.2%11.2%13.1%14%
Share Price 20.7% 19.9% 35.6% 61.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
101.811.34.31.337.611.412.713.710.6
Op. Profit
Mgn %
5.73.96.85.85.156.887.37.87.8
Net Profit
Mgn %
1.80.320.90.30.82.13.43.43.83.8
Debt to
Equity
1.821.91.71.31.310.810.6-
Working Cap
Days
18318417319120019419217716315677
Cash Conv.
Cycle
889410411311711912411811411529

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.96%

Net Profit is growing at healthy rate in last 3 years 36.67%

Debt to equity has declined versus last 3 years average to 0.61

Return on Equity has declined versus last 3 years average to 10.60%

Sales growth is not so good in last 4 quarters at -15.93%

Latest Financials - Acknit Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 25.4 -
TTM Sales (₹ Cr.) 205 -
BVPS (₹.) 248.1 -
Reserves (₹ Cr.) 72 -
P/BV 0.90 -
PE 8.75 -
From the Market
52 Week Low / High (₹) 135.00 / 328.00
All Time Low / High (₹) 2.25 / 328.00
Market Cap (₹ Cr.) 67.7
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 27.9

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales134.30148.72160.77159.03161.06172.01169.92171.81215.65238.47
Operating Expenses 126.66143150.15149.76152.89163.52158.36158.07199.83219.98
Manufacturing Costs24.4228.5529.2233.3337.8543.7552.3142.7458.0657.18
Material Costs96.08107.92107.08103.3399.38101.9288.2999.67119.09142.25
Employee Cost 2.292.804.434.665.025.955.715.576.437.09
Other Costs 3.863.739.428.4310.6411.9012.0510.1016.2413.45
Operating Profit 7.645.7210.629.278.178.5011.5713.7415.8218.49
Operating Profit Margin (%) 5.7%3.8%6.6%5.8%5.1%4.9%6.8%8.0%7.3%7.8%
Other Income 0.373.930.632.773.875.081.440.501.160.07
Interest 2.493.804.504.815.585.404.913.422.923.10
Depreciation 1.721.451.852.332.262.272.492.903.083.32
Exceptional Items 0000000000
Profit Before Tax 3.814.404.904.904.195.905.607.9210.9812.14
Tax 1.341.391.871.711.221.221.242.083.053.12
Profit After Tax 2.463.013.033.192.974.684.375.857.949.02
PAT Margin (%) 1.8%2.0%1.9%2.0%1.8%2.7%2.6%3.4%3.7%3.8%
Adjusted EPS (₹)9.811.912.012.79.815.414.419.226.129.7
Dividend Payout Ratio (%)15%13%12%12%15%10%10%8%6%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 24.6527.1029.6734.4041.3245.0348.7154.2261.7370.39
Share Capital 2.762.762.762.763.043.043.043.043.043.04
Reserves 21.9024.3426.9231.6438.2841.9945.6751.1858.6967.35
Minority Interest0000000000
Debt43.9653.1655.2256.0652.8457.1644.9742.2059.3842.90
Long Term Debt5.916.949.847.9410.178.637.266.273.530.24
Short Term Debt38.0546.2245.3848.1242.6748.5337.7235.9455.8542.66
Trade Payables19.1312.6713.8317.7016.1513.1113.1411.9015.2812.68
Others Liabilities 11.166.797.487.367.738.9912.4210.2610.696.59
Total Liabilities 98.9199.73106.21115.52118.04124.29119.24118.59147.07132.56

Fixed Assets

Gross Block33.5736.7642.8926.2529.1033.6841.1943.7152.2855.51
Accumulated Depreciation14.4015.9417.582.414.676.829.3112.1815.2418.41
Net Fixed Assets19.1820.8325.3023.8324.4326.8631.8831.5237.0437.09
CWIP 0.182.170.251.682.870.661.483.050.680.04
Investments 0.110.360.170.010.010.010.010.010.010
Inventories31.5236.1040.4239.2842.4643.0350.1743.7265.3256.80
Trade Receivables22.5520.8824.3229.9429.2230.5221.7024.0430.8428.43
Cash Equivalents 2.242.770.531.871.531.371.020.580.500.79
Others Assets23.1316.6415.2318.9017.5221.8212.9815.6712.689.41
Total Assets 98.9199.73106.21115.52118.04124.29119.24118.59147.07132.56

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2.110.593.867.455.323.4724.169-7.6325.41
PBT 3.814.404.904.934.185.475.607.9210.9812.14
Adjustment 3.654.995.766.607.257.166.925.884.856.24
Changes in Working Capital -8.22-7.2-5.29-2.38-4.56-7.7813.06-2.9-20.6710.29
Tax Paid -1.35-1.60-1.51-1.70-1.55-1.39-1.43-1.91-2.79-3.26
Cash Flow From Investing Activity -0.52-5.34-4.12-1.77-4.20-1.79-8.41-3.23-6.28-2.99
Capex -2.17-5.20-4.39-2.46-4.05-2.52-8.34-4.12-5.41-2.77
Net Investments 0-0.250.200.06000000
Others 1.650.110.070.62-0.150.73-0.070.89-0.87-0.22
Cash Flow From Financing Activity 4.125.09-1.98-4.53-1.65-1.64-15.90-6.0813.69-22.35
Net Proceeds from Shares 00006.2400000
Net Proceeds from Borrowing -0.522.662.91-1.913.08-1.410.06000
Interest Paid -1.41-4.24-3.59-4.90-5.07-4.98-4.07-3.59-2.68-2.80
Dividend Paid -0.44-0.44-0.46-0.46-0.45-0.56-0.55-0.47-0.45-0.46
Others 6.497.11-0.832.73-5.455.32-11.34-2.0316.82-19.08
Net Cash Flow 1.490.34-2.241.15-0.530.04-0.14-0.31-0.230.07
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.5311.7310.7710.037.8710.859.3211.3613.6913.65
ROCE (%)9.6810.9111.2410.9510.4311.3310.5411.6112.4512.85
Asset Turnover Ratio1.531.511.571.451.391.431.411.461.621.71
PAT to CFO Conversion(x)-0.860.21.272.341.790.745.531.54-0.962.82
Working Capital Days
Receivable Days51535162676356484645
Inventory Days78828691929099999293
Payable Days55544556625254464236

Acknit Industries Ltd Stock News

Acknit Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Acknit Industries on 28-Mar-2024 14:35 is ₹222.0.
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 28-Mar-2024 14:35 the market cap of Acknit Industries stood at ₹67.66.
The latest P/E ratio of Acknit Industries as of 28-Mar-2024 14:35 is 8.75.
The latest P/B ratio of Acknit Industries as of 28-Mar-2024 14:35 is 0.90.
The 52-week high of Acknit Industries is ₹328.0 and the 52-week low is ₹135.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Acknit Industries is ₹205.2 ( 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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