Acknit Industries Ltd Stock Analysis

BSE: 530043 | NSE: | Textile | Small Cap

BSE Share Price 29-Sep-2022 18:01
155.15 -3.60 (-2.27%)

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Acknit Industries Price Chart

P/E Ratio (SA) :
5.27
Market Cap :
48.3 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 8.3%6%6.3%4.2%7.6%5.4%4.7%5.1%7%6.1%-
Value Creation Index -0.4-0.6-0.6-0.7-0.5-0.6-0.7-0.6-0.5-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8996.6134149161159161172170168247
YoY Gr. Rt. %-8.5%39%10.7%8.1%-1.1%1.3%6.8%-1.2%-0.9%-
Adj EPS 84.29.41.912.75.51.64.211.711.630.1
YoY Gr. Rt. %--48.3%125%-80.1%582.3%-56.9%-71.5%170.5%176.5%-0.9%-
BVPS (₹) 84.588.996.9106.6116.8135.6135.9148.1160.2178.4210.9
Adj Net Profit 21.12.40.53.21.40.51.33.63.59
Cash Flow from Ops. 1.50.8-2.10.63.97.55.33.524.29-
Debt/CF from Ops. 2250.4-2191.414.67.710.316.925-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%0.9%1.5%-0.9%
Adj EPS 4.1%-1.8%95%-0.9%
BVPS 8.78.89.511.3
Share Price 18.5% 6% 38.1% 31.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 9.64.7101.811.34.31.337.66.815.5
Op. Profit Mgn % 8.675.73.96.85.85.156.86.25.7
Net Profit Mgn % 2.31.11.80.320.90.30.82.12.13.7
Debt to Equity 1.51.71.821.91.71.31.310.8-
Working Cap Days 1841991831841731912001941921810
Cash Conv. Cycle 9910988941041131171191241210

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.50%

Net Profit is growing at healthy rate in last 3 years 95.02%

Debt to equity has declined versus last 3 years average to 0.83

Sales growth is good in last 4 quarters at 38.95%

Sales growth has been subdued in last 3 years 1.51%

Latest Financials - Acknit Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 30.1 -
TTM Sales (₹ Cr.) 247 -
BVPS (₹.) 210.9 -
Reserves (₹ Cr.) 61 -
P/BV 0.75 -
PE 5.27 -
From the Market
52 Week Low / High (₹) 111.00 / 194.00
All Time Low / High (₹) 2.25 / 194.00
Market Cap (₹ Cr.) 48.3
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 21.3

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

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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