Akshar Spintex Limited chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 68.82
Dividend & YieldN/A₹ (N/A)
Beta -0.13
Market capitalization 1.91B
Operating cash flow 19.12M
ESG Scores unknown

Company description

Akshar Spintex Limited engages in the manufacturing and trading of spun cotton yarns primarily in India. It offers cotton, organic and BCI certified, viscose, modal, and excel fiber products; carded, semi combed, and combed cotton yarns; and slub, core spun, TFO, Eli twist, fancy, melange, blended, BCI certified, and organic yarns. The company was incorporated in 2013 and is based in Rajkot, India.

Sector: Consumer Cyclical - Industry: Textile Manufacturing

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 25.34M -5.06M 22.2M 60.32M
Total Cashflows From Investing Activities -54.6M -1.13M -5.09M -1.9M
Net Borrowings -43.88M -46.98M -31.76M 5.54M
Total Cash From Financing Activities -30.62M -76.93M -56.58M -17.61M
Change To Operating Activities -24.29M 24.04M 19.9M -41.69M
Issuance Of Stock 39.96M
Net Income 22.43M -57.32M 12.43M 69.77M
Change In Cash 133.41k -161.68k -229.59k -389k
Effect Of Exchange Rate
Total Cash From Operating Activities 85.35M 77.9M 61.44M 19.12M
Depreciation 38.21M 41.02M 41.38M 42.12M
Change To Account Receivables 1.23M 4.69M 14.04M 20.44M
Other Cashflows From Financing Activities -26.7M -29.95M -24.82M -23.16M
Change To Netincome 33.76M 38.61M 8.27M 43.55M
Capital Expenditures -51.14M -47.81M -5.2M -13.91M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 38.47M -46.04M -1.82M 96.16M
Net Income 22.43M -57.32M 12.43M 69.77M
Selling General Administrative 57.19M 56.48M 47.74M 75.45M
Gross Profit 219.62M 171.02M 213.25M 346.41M
Ebit 20.17M -35.37M 10.02M 87.14M
Operating Income 20.17M -35.37M 10.02M 87.14M
Interest Expense -38.84M -32.43M -26.85M -25.62M
Income Tax Expense 16.04M 11.28M -14.25M 26.39M
Total Revenue 1.01B 1.09B 1.1B 1.72B
Cost Of Revenue 786.7M 919.95M 882.13M 1.37B
Total Other Income ExpenseNet 18.3M -10.67M -11.85M 9.02M
Net Income From Continuing Ops 22.43M -57.32M 12.43M 69.77M
Net Income Applicable To Common Shares 22.43M -57.32M 12.43M 69.77M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 437.84M 392.43M 370.68M 528.05M
Total Stockholder Equity 407.46M 350.14M 362.57M 432.34M
Other Current Liabilities 659.21k -1 19.81k 84.06M
Total Assets 845.3M 742.57M 733.24M 960.39M
Common Stock 249.99M 249.99M 249.99M 249.99M
Other Current Assets 46.95M 39.09M 41.81M
Retained Earnings 127.5M 70.18M 82.61M
Treasury Stock 182.35M
Cash 1.28M 1.12M 889k 500k
Total Current Liabilities 204.45M 224.05M 206.37M 367.16M
Other Stockholder Equity 182.35M
Property, Plant, and Equipment 537.47M 497.04M 460.85M 432.12M
Total Current Assets 290.95M 227.78M 253.69M 519.93M
Net Tangible Assets 407.46M 350.14M 362.57M 432.34M
Net Receivables 110.93M 87.41M 54.01M 187.61M
Accounts Payable 58.26M 53.2M 75.4M 135.73M


Insider Transactions

Here are the insider transactions of stock shares related to Akshar Spintex Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Sorathiya (Nipaben Vikasbhai)D2022-02-18Promoter855k
Sorathiya (Nipaben Vikasbhai)D2022-02-16Promoter45k
Sorathiya (Nipaben Vikasbhai)D2022-02-14Promoter75k
Chauhan (Rekhaben Harikrishnabhai)Other at price 0.14 per share.D2021-08-09Promoter1.53M
Bhalala (Sukanbhai Veljibhai) HUFOther at price 0.14 per share.D2021-08-09UNREPORTED70k
Bhalala (Ashok Sukanbhai) HUFOther at price 0.14 per share.D2021-08-09Promoter50k
Bhalala (Chetanben Ashokbhai)Other at price 0.14 per share.D2021-08-09Promoter100k
Chauhan (Rekhaben Harikrishnabhai)I2021-08-09Promoter
Chauhan (Harikrishna Shamjibhai)Other at price 0.14 per share.D2021-08-09Promoter1.33M
Chauhan (Harikrishna Shamjibhai)I2021-08-09Promoter
Bhalala (Paresh Shukan)Other at price 0.14 per share.D2021-08-09Promoter1.24M
Chauhan (Narmadaben Shamjibhai)I2021-08-09Promoter
Bhalala (Pravin Sukanbhai) HUFOther at price 0.14 per share.D2021-08-09Promoter60k
Chauhan (Narmadaben Shamjibhai)Other at price 0.14 per share.D2021-08-09Promoter1.24M
Bhalala (Paresh Sukanbhai) HUFOther at price 0.14 per share.D2021-08-09Promoter110k
Chauhan (Harikrishna Shamjibhai) HUFI2021-08-09UNREPORTED
Bhalala (Pravin Sukanbhai)Other at price 0.14 per share.D2021-08-09Promoter1.33M
Chauhan (Harikrishna Shamjibhai) HUFOther at price 0.14 per share.D2021-08-09UNREPORTED390k
Bhalala (Ashok Shukan)Other at price 0.14 per share.D2021-08-09Promoter1.53M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Akshar Spintex Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Akshar Spintex Limited

Here is the result of two systematic investment strategies applied to Akshar Spintex Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Akshar Spintex Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Akshar Spintex Limited:

Akshar Spintex Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0 ₹

Invested capital

0 ₹

Annualized return

0 %
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Momentum strategy results on Akshar Spintex Limited

This is the result of two momentum investment strategies applied to Akshar Spintex Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Akshar Spintex Limited

The following chart shows all the entries opened by the momentum investment system on Akshar Spintex Limited:

Akshar Spintex Limited momentum entries
  • The first momentum investment strategy would give 0% of return on Akshar Spintex Limited. That represents 0₹ of latent gain with 0₹ of employed capital.
  • The second momentum investment strategy would give 0% of return on Akshar Spintex Limited. That represents 0₹ of latent gain with 0₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

0 %

Latent gain

0 ₹

Invested capital

0 ₹

Annualized return

0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0 ₹

Invested capital

0 ₹

Annualized return

0 %

Momentum equity curve on Akshar Spintex Limited

The following chart shows the equity curve of the two momentum strategies applied to Akshar Spintex Limited:

Akshar Spintex Limited momentum equity

Note: the dividends potentially given by Akshar Spintex Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Akshar Spintex Limited

The following chart shows the employed capital evolution of the two momentum strategies on Akshar Spintex Limited since the beginning:

Akshar Spintex Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on Akshar Spintex Limited

Buy the dip entry openings on Akshar Spintex Limited

Akshar Spintex Limited

The performance achieved by the robo-advisor on Akshar Spintex Limited is 0%. That represents 0$ of latent gain with 0₹ of employed capital. The following chart shows Akshar Spintex Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Akshar Spintex Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0 ₹

Invested capital

0 ₹

Annualized return

0 %

Equity curve of the strategy applied to Akshar Spintex Limited

The following chart shows the result of the investment strategy applied to Akshar Spintex Limited:

Akshar Spintex Limited

Note: the dividends potentially given by Akshar Spintex Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Akshar Spintex Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Akshar Spintex Limited:

Akshar Spintex Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Akshar Spintex Limited

In this section, I will compare the three previous investment strategies applied to Akshar Spintex Limited.

Equity curve comparison on Akshar Spintex Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Akshar Spintex Limited investment strategy comparison

Employed capital comparison on Akshar Spintex Limited

Akshar Spintex Limited investment comparison

Performance comparison on Akshar Spintex Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0₹ 0₹ 0%
Momentum 1 quarter 0% 0₹ 0₹ 0%
Momentum 2 quarters 0% 0₹ 0₹ 0%
Non-directional 0% 0₹ 0₹ 0%
Annualized return comparison

Automatic investment

0 %

Momentum 1Q

0 %

Momentum 2Q

0 %

Non-directional

0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Akshar Spintex Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Akshar Spintex Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Akshar Spintex Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Akshar Spintex Limited
Country India
City Rajkot
Address C-704, The Imperial Heights
Phone 91 75 7488 7001
Website www.aksharspintex.in
FullTime employees
Industry Textile Manufacturing
Sector Consumer Cyclical
Exchange XNSE
Ticker AKSHAR.XNSE
Market

Akshar Spintex Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown