AKSHAR

Akshar Spintex Share PriceAkshar Spintex

₹7.55
0.35 (4.86%)
As on 04 December, 2023 | 02:33 BSE: 541303 NSE: AKSHARISIN: INE256Z01025

Akshar Spintex Performance

Day Range

  • Low 7.30
  • High 7.55
₹ 7.55

52 Week Range

  • Low 4.85
  • High 8.50
₹ 7.55
  • Open Price7.50
  • Previous Close7.20
  • Volume5159967

Start SIP in Akshar Spintex

Start SIP

Akshar Spintex Share Price

  • Over 1 Month 10.22%
  • Over 3 Month 0.67%
  • Over 6 Month 9.58%
  • Over 1 Year 14.05%

Akshar Spintex Key Statistics

P/E Ratio 33
PEG Ratio 0.1
Market Cap Cr 189
Price to Book Ratio 4.6
EPS -0.1
Dividend 0
Relative Strength Index 60.8
Money Flow Index 47.49
MACD Signal 0.06
Average True Range 0.43

Akshar Spintex Investment Rating

  • Master Rating:
  • Akshar Spintex has an operating revenue of Rs. 150.44 Cr. on a trailing 12-month basis. An annual revenue de-growth of -21% needs improvement, Pre-tax margin of -3% needs improvement, ROE of -6% is poor and needs improvement. The company has a reasonable debt to equity of 20%, which signals a healthy balance sheet. It is currently FORMING a base in its weekly chart and is trading around 11% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 45 which is a POOR score indicating inconsistency in earnings, a RS Rating of 33 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 90 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of C is fair but needs to improve. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Akshar Spintex Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 44383731194847
Operating Expenses Qtr Cr 42373530254643
Operating Profit Qtr Cr 2221-624
Depreciation Qtr Cr 1111111
Interest Qtr Cr 0000001
Tax Qtr Cr 00-20003
Net Profit Qtr Cr 1130-810
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 138176
Operating Expenses Annual Cr 136159
Operating Profit Annual in Cr -113
Depreciation Cr 44
Interest Annual Cr 23
Tax Annual Cr -13
Net Profit Annual Cr -37
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 2
Cash from Investing Activity Annual Cr 0
Cash from Financing Annual Activity Cr -2
Net Cash Flow Annual Cr 0
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 4143
Fixed Assets Annual Cr 3943
Total Non Current Assets Annual Cr 4044
Total Current Assets Annual Cr 3652
Total Assets Annual Cr 7696
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 1617
ROE Annual % -716
ROCE Annual % -521
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 110
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 %

Akshar Spintex Technicals

EMA & SMA

Current Price
₹7.55
0.35 (4.86%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹6.93
  • 50 Day
  • ₹6.88
  • 100 Day
  • ₹6.90
  • 200 Day
  • ₹7.01
  • 20 Day
  • ₹6.74
  • 50 Day
  • ₹6.75
  • 100 Day
  • ₹7.06
  • 200 Day
  • ₹6.88

Akshar Spintex Resistance and Support

PIVOT
₹7.47
Resistance
First Resistance 7.63
Second Resistance 7.72
Third Resistance 7.88
RSI 60.80
MFI 47.49
MACD Single Line 0.06
MACD 0.15
Support
First Resistance 7.38
Second Resistance 7.22
Third Resistance 7.13

Akshar Spintex Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 6,562,518 377,476,035 57.52
Week 9,082,875 434,070,596 47.79
1 Month 5,716,110 280,146,572 49.01
6 Month 1,028,908 53,184,230 51.69

Akshar Spintex Result Highlights

Akshar Spintex Synopsis

NSE-Apparel-Clothing Mfg

Akshar Spintex is involved in the business activities of Preparation and spinning of textile fibres. Company’s Total Operating Revenue is Rs. 135.53 Cr. and Equity Capital is Rs. 25.00 Cr. for the Year ended 31/03/2023. Akshar Spintex Ltd. is a Public Limited Listed company incorporated on 13/06/2013 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17291GJ2013PLC075677 and registration number is 075677.
Market Cap 189
Sales 150
Shares in Float 14.00
No of funds
Yield
Book Value 4.63
U/D Vol ratio
LTDebt / Equity 20
Alpha 0.08
Beta 0.29

Akshar Spintex

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 43.75%43.75%43.75%43.75%
Foreign Portfolio Investors 0.06%
Individual Investors 47.46%46.48%44.41%45.88%
Others 8.79%9.77%11.84%10.31%

Akshar Spintex Management

Name Designation
Mr. Harikrushna Shamjibhai Chauhan Chairman & Wholetime Director
Mr. Amit Vallabhbhai Gadhiya Managing Director
Mrs. Ilaben Dineshbhai Paghdar Executive Director
Mr. Nirala Indubhai Joshi Non Exe. & Ind. Director
Mr. Rohit Bhanjibhai Dobariya Non Exe. & Ind. Director
Mr. Parshotam Lakhabhai Vasoya Non Exe. & Ind. Director

Akshar Spintex Forecast

Price Estimates

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

Other Analyst Rating

Akshar Spintex Corporate Action

Date Purpose Remarks
2023-12-15 Interim Dividend, Bonus & Buy Back
2023-11-06 Quarterly Results
2023-08-11 Quarterly Results
2023-07-31 Others To consider and approve the Resignation of Mr. Pratik M. Makwana, Company Secretary & Compliance Officer of the Company. split from Rs. 10/- to Re. 1/-.
2023-05-27 Audited Results & Stock Split
Date Purpose Remarks
2023-07-31 Split Rs.0.00 split from Rs. 10/- to Re. 1/-.

Akshar Spintex FAQs

What is Share Price of Akshar Spintex ?

Akshar Spintex share price is ₹7 As on 04 December, 2023 | 02:19

What is the Market Cap of Akshar Spintex ?

The Market Cap of Akshar Spintex is ₹188.7 Cr As on 04 December, 2023 | 02:19

What is the P/E ratio of Akshar Spintex ?

The P/E ratio of Akshar Spintex is 33 As on 04 December, 2023 | 02:19

What is the PB ratio of Akshar Spintex ?

The PB ratio of Akshar Spintex is 4.6 As on 04 December, 2023 | 02:19

Q2FY23