530043 ACKNIT

Acknit Industries Share PriceAcknit Industries

₹290.25
-13.75 (-4.52%)
As on 10 December, 2023 | 01:01 BSE: 530043 NSE: ACKNITISIN: INE326C01017

Acknit Industries Performance

Day Range

  • Low
  • High
₹ 290.25

52 Week Range

  • Low
  • High
₹ 290.25
  • Open Price
  • Previous Close
  • Volume

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Acknit Industries Share Price

  • Over 1 Month 1.45%
  • Over 3 Month 21.39%
  • Over 6 Month 84.58%
  • Over 1 Year 83.53%

Acknit Industries Key Statistics

Acknit Industries Investment Rating

  • Master Rating:
  • Acknit Industries has an operating revenue of Rs. 206.76 Cr. on a trailing 12-month basis. An annual revenue growth of 9% is good, Pre-tax margin of 5% is okay, ROE of 12% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 44% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 1% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 62 which is a FAIR score but needs to improve its earnings, a RS Rating of 83 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 94 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of B is close to being the best. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Acknit Industries Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 56505348637564
Operating Expenses Qtr Cr 52464843597060
Operating Profit Qtr Cr 4355454
Depreciation Qtr Cr 1111111
Interest Qtr Cr 1111111
Tax Qtr Cr 1111111
Net Profit Qtr Cr 2222222
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 239219
Operating Expenses Annual Cr 220202
Operating Profit Annual in Cr 1816
Depreciation Cr 33
Interest Annual Cr 33
Tax Annual Cr 33
Net Profit Annual Cr 98
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 25-8
Cash from Investing Activity Annual Cr -3-6
Cash from Financing Annual Activity Cr -2214
Net Cash Flow Annual Cr 00
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7062
Fixed Assets Annual Cr 3738
Total Non Current Assets Annual Cr 4041
Total Current Assets Annual Cr 93106
Total Assets Annual Cr 133147
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 232203
ROE Annual % 1313
ROCE Annual % 2020
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 88
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr
Operating Expenses Qtr Cr
Operating Profit Qtr Cr
Depreciation Qtr Cr
Interest Qtr Cr
Tax Qtr Cr
Net Profit Qtr Cr
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
Depreciation Cr
Interest Annual Cr
Tax Annual Cr
Net Profit Annual Cr
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr
Cash from Investing Activity Annual Cr
Cash from Financing Annual Activity Cr
Net Cash Flow Annual Cr
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual --
EBDIT Annual Margin %

Acknit Industries Technicals

EMA & SMA

Current Price
₹290.25
-13.75 (-4.52%)
pointer
  • Bullish Moving Average
  • ___
  • 15
  • Bearish Moving Average
  • ___
  • 1
  • 20 Day
  • ₹280.59
  • 50 Day
  • ₹264.59
  • 100 Day
  • ₹244.19
  • 200 Day
  • ₹216.77
  • 20 Day
  • ₹281.09
  • 50 Day
  • ₹257.89
  • 100 Day
  • ₹248.05
  • 200 Day
  • ₹201.38

Acknit Industries Resistance and Support

PIVOT
₹294.8
Resistance
First Resistance 299.60
Second Resistance 308.80
Third Resistance 313.60
RSI 56.55
MFI 72.07
MACD Single Line 7.08
MACD 7.70
Support
First Resistance 285.60
Second Resistance 280.80
Third Resistance 271.60

Acknit Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,584 148,199 93.56
Week 13,842 997,316 72.05
1 Month 4,923 366,254 74.39
6 Month 5,437 420,237 77.29

Acknit Industries Result Highlights

Acknit Industries Synopsis

BSE-Apparel-Clothing Mfg

Acknit Industries Lt is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs. 238.47 Cr. and Equity Capital is Rs. 3.04 Cr. for the Year ended 31/03/2023. Acknit Industries Ltd. is a Public Limited Listed company incorporated on 12/10/1990 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L01113WB1990PLC050020 and registration number is 050020.
Market Cap 88
Sales 207
Shares in Float 0.15
No of funds 1
Yield 0.52
Book Value 1.25
U/D Vol ratio 3.1
LTDebt / Equity 6
Alpha 0.25
Beta 0.5

Acknit Industries

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 50.34%50.34%50.34%50.34%
Mutual Funds
Foreign Portfolio Investors 0.34%0.44%0.44%0.44%
Individual Investors 23.7%23.39%23.46%23.53%
Others 25.62%25.83%25.76%25.69%

Acknit Industries Management

Name Designation
Mr. Shri Krishan Saraf Managing Director
Mr. Deo Kishan Saraf Whole Time Director
Mrs. Rashi Saraf Non Exe.Non Ind.Director
Mr. Rajarshi Ghosh Ind. Non-Executive Director
Mr. Mukul Banerjee Ind. Non-Executive Director
Mr. Jadav Lal Mukherjee Ind. Non-Executive Director
Mr. Abhishek Saraf Whole Time Director
Mr. Shankar Lal Bajaj Ind. Non-Executive Director

Acknit Industries Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Acknit Industries Corporate Action

Date Purpose Remarks
2023-11-08 Quarterly Results
2023-08-11 Quarterly Results
2023-05-17 Audited Results & Final Dividend
2023-02-10 Quarterly Results
2022-11-12 Quarterly Results

Acknit Industries FAQs

What is Share Price of Acknit Industries ?

Acknit Industries share price is ₹290 As on 10 December, 2023 | 00:47

What is the Market Cap of Acknit Industries ?

The Market Cap of Acknit Industries is ₹88.2 Cr As on 10 December, 2023 | 00:47

What is the P/E ratio of Acknit Industries ?

The P/E ratio of Acknit Industries is 11 As on 10 December, 2023 | 00:47

What is the PB ratio of Acknit Industries ?

The PB ratio of Acknit Industries is 1.3 As on 10 December, 2023 | 00:47

Q2FY23