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    3. Akshar Share Price

    Akshar Spintex Share PriceAkshar Spintex

    Small Cap 3.7k Result
    ₹7.55
    0.35 (4.86%)
    As on 04 December, 2023 | 02:33 BSE: 541303 NSE: AKSHARISIN: INE256Z01025
    Split

    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

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    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 %
    Invest in Akshar Spintex

    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

    More Information

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