Akshar Spintex

Akshar_Spintex29 Apr 2024

Textiles

₹

+0.04 (+1.69%)

Lowest Today

Highest Today

Prev. Close

Today’s Open

52 Week High

52 Week Low

BUY

SELL

To Invest in Akshar Spintex

Akshar Spintex

Textiles

Akshar_Spintex29 Apr 2024

₹

+0.04 (+1.69%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date	Ratio
27-May-2023	S	Dear Sir/Madam, With reference to the above captioned subject and in Compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the outcome of the meeting of the Board of Directors of the Company held on Saturday, 27th May, 2023 at the Registered Office of the Company situated at Revenue Survey No.102/2 Paiki, Plot No. - 2 Village: Haripar, Ranuja Road. Tal: Kalavad. Jamnagar-361013 (Guj). We attached herewith the Intimation of Record Date as pursuant to Regulation 42 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 for the purpose of Sub-division/Split of Shares. We requested to you kindly take the above on your record. Thanking You. (As per BSE Announcement Dated on 30/06/2023) Trading Members of the Exchange are hereby informed that Akshar Spintex Limited, has fixed Record Date for the purpose of Sub-Division of Equity Shares of the Company:- DEMATERIALISED SECURITIES - ROLLING SETTLEMENT SEGMENT COMPANY NAME & CODE Akshar Spintex Limited (541303) RECORD DATE 31.07.2023 PURPOSE Subdivision of existing Equity Shares from One Equity Share of Rs.10/- each into Ten Equity Shares of Re.1/- each. SUB-DIVIDED PAID-UP VALUE Re.1/- SUB-DIVIDED PAID-UP VALUE W.E.F. 31/07/2023 DR-582/2023-2024 Note: - i. ISIN No. INE256Z01017 of Rs.10/- paid up will not be valid for transactions done on the Exchange on or after 31/07/2023. ii. The new ISIN Number for Re.1/- paid up will be informed to the market by a separate notice. (As Per BSE Notice Dated on 18.07.2023) In Continuation of Notice No. 20230718-48 dated July 18, 2023, Trading Members of the Exchange are hereby informed that the New ISIN number for the Sub-Divided Equity Shares of the company will be as under: - Company Name & Scrip Code AKSHAR SPINTEX LIMITED (541303) New ISIN No. INE256Z01025 Remarks Sub-division of Equity Shares from Rs.10/- to Re.1/- The new ISIN number given above, for Equity Shares of Re.1/- each of the company shall be effective for trades done on and from the Ex-Date i.e. 31-07-2023 (DR-582/2023-2024) (As Per BSE Notice Dated on 28.07.2023)	31-Jul-2023
22-Dec-2023	D	Outcome of board meeting The board has discussed & decided to declare an Interim Dividend @ 1% i.e., 1.00 /- paisa per Equity Share of face value of Rs. 1.00 /-each for the Financial Year 2023-2024.The record date for the purpose of payment of Interim Dividend is fixed as 04th January 2023. The said interim dividend will be paid within 30 days from the date of declaration as per the provisions of Companies Act, 2013 to those shareholders whose names appear in the Register of Members/ Beneficial Owners of the Company as on the Record Date i.e. 04th January 2023.	04-Jan-2024
25-Jan-2024	B	1:5 Bonus Issue of Equity Shares Trading Members of the Exchange are hereby informed that, AKSHAR SPINTEX LIMITED has fixed Record Date for the purpose of Bonus Issue of Equity Shares of the Company. The transactions in the Equity Shares of the Company would be on an Ex-Bonus basis with effect from the undermentioned date : DEMATERIALISED SECURITIES - ROLLING SETTLEMENT SEGMENT COMPANY NAME & CODE Akshar Spintex Limited (541303) RECORD DATE 15/02/2024 PURPOSE Issue of 01 (One) Bonus Equity Share of Re.1/- each for every 05 (Five) existing Equity Shares of Re.1/- each held. Ex-Bonus basis from Date & Sett. No. 15/02/2024 DR- 718/2023-2024 (As Per BSE Notice Dated on 09.02.2024)	15-Feb-2024	1:5
22-Apr-2024	BC	Outcome of Board meeting for Appointment & Resignation of Secretarial Auditor Intimation About Appointment of Secretarial auditor of the company	22-Apr-2024
08-Apr-2024	BC	Akshar Spintex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/04/2024 inter alia to consider and approve Intimation of board meeting for the purpose	12-Apr-2024
22-Dec-2023	BC	Outcome of board meeting The board has discussed & decided to declare an Interim Dividend @ 1% i.e., 1.00 /- paisa per Equity Share of face value of Rs. 1.00 /-each for the Financial Year 2023-20	31-Mar-2024
23-Feb-2024	BC	Trading members of the Exchange are hereby informed that the under mentioned new securities of Akshar Spintex Limited (Scrip Code - 541303) are listed and permitted to trade on the Exchange with effe	26-Feb-2024
26-Feb-2024	BC	Outcome of Board meeting for APPOINTMENT OF CHIEF FINANCIAL OFFICER(CFO) from 26th February, 2024	26-Feb-2024

No Rights has been declared by Akshar_Spintex

Book Closure

Record Date	Split Date	Purpose
22-Apr-2024	-	Outcome of Board meeting for Appointment & Resignation of Secretarial Auditor Intimation About Appointment of Secretarial auditor of the company
12-Apr-2024	-	Akshar Spintex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/04/2024 inter alia to consider and approve Intimation of board meeting for the purpose
31-Mar-2024	-	Outcome of board meeting The board has discussed & decided to declare an Interim Dividend @ 1% i.e., 1.00 /- paisa per Equity Share of face value of Rs. 1.00 /-each for the Financial Year 2023-20
26-Feb-2024	-	Trading members of the Exchange are hereby informed that the under mentioned new securities of Akshar Spintex Limited (Scrip Code - 541303) are listed and permitted to trade on the Exchange with effe
26-Feb-2024	-	Outcome of Board meeting for APPOINTMENT OF CHIEF FINANCIAL OFFICER(CFO) from 26th February, 2024

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Akshar Spintex Ltd ₹2.41(+0.04/1.69%)	2.41	+0.04	71.10	-57.45	11.85	1.67
Arvind Ltd ₹318.35(+4.20/1.34%)	318.35	+4.20	8,219.12	219.23	27.22	2.50
Bombay Dyeing & Manufacturing Company Ltd ₹170.40(+2.65/1.58%)	170.40	+2.65	3,464.62	86.26	0.00	-2.59
Grasim Industries Ltd ₹2,372.80(+27.40/1.17%)	2,372.80	+27.40	156,870.10	38.90	104.38	3.10
Century Enka Ltd ₹468.45(+6.15/1.33%)	468.45	+6.15	1,010.13	21.02	25.17	0.76
Garware Technical Fibres Ltd ₹3,243.85(-14.15/-0.43%)	3,243.85	-14.15	6,639.21	12.32	35.94	5.90

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	44.80	43.57	38.45	37.39	31.03	18.78
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	44.80	43.57	38.45	37.39	31.03	18.78
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	0.52	0.86	0.87	0.74	0.75	0.12
Total Income	45.32	44.43	39.32	38.13	31.78	18.90
Total Expenditure	42.99	41.75	36.69	34.97	29.81	25.23
PBIDT	2.33	2.68	2.63	3.15	1.97	-6.33
Interest	0.29	0.36	0.30	0.40	0.48	0.40
PBDT	2.04	2.33	2.33	2.75	1.49	-6.74
Depreciation	1.07	1.07	1.07	1.07	1.07	1.07
Tax	0.32	-0.46	0.46	-0.79	0.00	0.00
Deferred Tax	-0.05	0.82	-0.10	-0.96	-0.05	-0.05
Reported Profit After Tax	0.70	0.90	0.90	3.44	0.47	-7.76
Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	0.70	0.90	0.90	3.44	0.47	-7.76

EPS (Unit Curr.)	0.03	0.04	0.36	1.38	0.19	-3.10
EPS (Adj) (Unit Curr.)	0.02	0.03	0.03	0.11	0.02	-0.26
Calculated EPS (Unit Curr.)	0.28	0.36	0.36	1.38	0.19	-3.10
Calculated EPS (Adj) (Unit Curr.)	0.23	0.30	0.03	0.11	0.02	-0.26
Calculated EPS (Ann.) (Unit Curr.)	1.11	1.44	1.44	5.50	0.76	-12.41
Calculated EPS (Adj) (Ann.) (Unit Curr.)	0.92	1.20	0.12	0.46	0.06	-1.03
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	25.00	25.00	25.00	25.00	25.00	25.00
Reserve & Surplus	0.00	0.00	0.00	0.00	0.00	0.00
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	5.20	6.15	6.84	8.42	6.35	-33.71
PBDTM(%)	4.55	5.35	6.06	7.35	4.80	-35.89
PATM(%)	1.56	2.07	2.34	9.20	1.51	-41.32

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	25.00	25.00	25.00	25.00	25.00	24.00
Reserves Total	15.64	18.23	11.26	10.02	15.75	10.51
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	40.64	43.23	36.26	35.02	40.75	34.51
Secured Loans	11.20	13.17	14.08	16.75	19.13	24.28
Unsecured Loans	6.47	12.47	11.01	11.52	13.84	13.07
Total Debt	17.67	25.64	25.09	28.27	32.97	37.35
Total Liabilities	58.31	68.87	61.35	63.29	73.72	71.86
APPLICATION OF FUNDS :
Gross Block	71.99	71.76	70.53	70.01	65.37	64.82
Less : Accumulated Depreciation	32.82	28.55	24.45	20.31	16.25	12.43
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	39.17	43.21	46.08	49.70	49.12	52.39
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	0.00	0.00	0.00	0.00	4.63	0.00
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.31	0.31	0.00	0.00
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	17.38	33.18	15.64	9.97	13.16	12.01
Sundry Debtors	12.13	1.04	3.14	4.55	5.02	5.14
Cash and Bank	0.02	0.05	0.09	0.11	0.13	0.11
Loans and Advances	6.43	14.57	6.50	8.15	10.79	7.83
Total Current Assets	35.96	48.84	25.37	22.77	29.09	25.09
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	17.47	21.52	9.16	6.59	6.83	4.51
Provisions	0.56	1.13	0.01	0.02	0.01	0.01
Total Current Liabilities	18.02	22.66	9.17	6.60	6.84	4.51
Net Current Assets	17.94	26.18	16.20	16.17	22.25	20.57
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	4.43	3.23	1.66	0.11	0.08	1.91
Deferred Tax Liability	4.16	4.33	4.35	4.22	3.89	4.13
Net Deferred Tax	0.27	-1.10	-2.69	-4.11	-3.81	-2.22
Total Assets	57.38	68.29	59.91	62.07	72.19	70.74
Contingent Liabilities	1.19	1.19	0.00	0.00	0.00	35.23

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash and Cash Equivalents at Beginning of the year	0.05	0.09	0.11	0.13	0.11
Net Cash from Operating Activities	9.84	2.92	6.14	7.79	8.54
Net Cash Used In Investing Activities	-0.18	-0.95	-0.51	-0.11	-5.46
Net Cash Used In Financing Activities	-9.69	-2.01	-5.66	-7.69	-3.06
Net Inc./Dec In Cash And Cash Equivalents	-0.03	-0.04	-0.02	-0.02	0.01
Cash And Cash Equivalents At End Of The Year	0.02	0.05	0.09	0.11	0.13

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

12.04%

FII Shareholding

0.01%

DII Shareholding

0.00%

Public Shareholding

87.96%

**Promoter pledged shareholding 12.04%

About Akshar Spintex Ltd

Akshar Spintex Ltd is in the Textiles sector, having a market capitalization of Rs. 71.1 crores. It has reported a sales of Rs. 44.8 crores and a net profit of Rs. 0.7 crores for the quarter ended December 2018. The company management includes Harikrishna Chauhan, Amit Gadhiya,Harikrishna Chauhan,Ilaben Paghdar,Nirala Joshi,Rohit Dobariya,Parshotam Lakhabhai Vasoya,Pratik Makwana (Akshar Spintex Ltd) among others.

Chairman

Harikrishna Chauhan

Registered office

Revenue Survey No. 102/2 Paiki,Plot No 2 Ranuja Road Kalavad,Jamnagar,Gujarat,361013

FAX :

Background

Incorporation Year2013

Face Value₹1

Market Lot1

How to buy Akshar Spintex shares on nse?

To buy Akshar Spintex shares in Motilal Oswal, you just need to open a demat account and get your KYC documents verified

What is the Akshar Spintex share price today?

The Akshar Spintex shares price on nse is Rs.2.41 today.

What is the market cap of Akshar Spintex shares on BSE ?

The company has a market capitalization of Rs.71.10Cr

What is the PE & PB ratio of Akshar Spintex shares ?

PE is 11.85 and PB is 1.67

What is the 52 Week High and Low of Akshar Spintex shares?

Akshar Spintex stock price high: Rs.7 Akshar Spintex stock price low: Rs.2.1