Akshar Spintex Ltd Share Price: If you want to see good returns on your investment in the coming time, then today it is very important for you to know about Akshar Spintex Stock Price.
Akshar Spintex Limited Company Overview
This company was established in 2013 and the CEO of this company is Amit Vallabh Bhai Gadhiya. This company mostly does its business in manufacturing and trading. Different types of products are manufactured and traded by Akshar Spintex Limited, such as Carded Yarn, Semi Combed Yarn, Blended Yarn, Organic Yarn, Elasticity Twist Yarn, TFO Doubling Yarn, Melange Yarn and Fancy Yarn etc. If you do not know about yarn, then we will know about it in detail now, but before that let’s take a look at some important things.
| Company Name | Akshar Spintex Ltd. |
| Founded | 2013 |
| Headquarters | Gujarat |
| Industry | Manufacturing and trading of Spun Cotton Yarn |
| CEO | Kapil Bhalala |
| Stock Exchange Listing | NSE & BSE |
| Official Website | aksharspintex.in |
Akshar Spintex Limited Fundamentals Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹61.42 Cr. |
| ROE | 8.18% |
| ROCE | 10.52% |
| P/E | 19.26 |
| P/B | 0.66 |
| Div. Yield | 0% |
| Book Value | ₹1.18 |
| Face Value | ₹1 |
| EPS (TTM) | ₹73.03 |
| 52 Week High | ₹4.37 |
| 52 Week Low | ₹0.76 |
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Akshar Spintex Limited Financials
Income Statement
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Revenue | 1.75B INR | ↑ 29.09% |
| Operating Expense | 212.15M INR | ↑ 20.09% |
| Net Income | 34.55M INR | ↑ 224.99% |
| Net Profit Margin | 1.97 | ↑ 196.57% |
| Earnings Per Share | — | — |
| EBITDA | 105.76M INR | ↑ 506.92% |
| Effective Tax Rate | 31.12% | — |
Balance Sheet
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Cash and Short-term Investments | 53.00K INR | ↓ 69.54% |
| Total Assets | 738.58M INR | ↓ 3.38% |
| Total Liabilities | 299.75M INR | ↓ 16.27% |
| Total Equity | 438.83M INR | — |
| Shares Outstanding | 299.99M | — |
| Price to Book | 0.88 | — |
| Return on Assets | 5.19% | — |
| Return on Capital | 6.44% | — |
Cash Flow
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Net income | 997.66M | +37.95% |
| Cash from operations | 1.17B | +38.65% |
| Cash from investing | -584.92M | -33.57% |
| Cash from financing | -547.08M | -36.66% |
| Net change in cash | 42.41M | +381.96% |
| Free cash flow | 999.38M | +38.51% |
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Akshar Spintex Ltd Share Price Target From 2024 to 2030
| Year | Share Target |
|---|---|
| Akshar Spintex Ltd Share Price Target 2024 | ₹2.00 |
| Akshar Spintex Ltd Share Price Target 2025 | ₹4.50 |
| Akshar Spintex Ltd Share Price Target 2026 | ₹5.20 |
| Akshar Spintex Ltd Share Price Target 2027 | ₹6.35 |
| Akshar Spintex Ltd Share Price Target 2028 | ₹7.52 |
| Akshar Spintex Ltd Share Price Target 2029 | ₹8.79 |
| Akshar Spintex Ltd Share Price Target 2030 | ₹9.18 |
Akshar Spintex Shareholding Patterns
- Retail & Other: 99.73%
- Promoters: 0.27%
- Foreign Institution: 0.00%
- Mutual Funds: 0.00%
- Other Domestic Institution: 0.00%
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Akshar Spintex Limited Competitors
- Nahar Spinning Mills
- Nahar Industrial Enterprises
- Vippy Spin Pro
- United Cotfab
- Laxmi Cotspin
- Asahi Industries
- Hisar Spinning Mills
- Gujarat Hy Spin
- Pasari Spinning Mills
- Premier Synthetics
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What is yarn and how many types are there?
Yarn is a type of long thread or fibre, which is used to make different types of clothes and other products. Basically, this yarn is made from natural (such as cotton, wool, and silk) or synthetic (such as polyester, nylon, and acrylic) fibres.
Types of Yarn
Carded Yarn
- How it is made: In the process of making carded yarn, raw cotton or other fibres are passed through a carding machine, due to which all the fibres are in the same direction. After this, these fibres are twisted together to make a thread.
- What is it used for: Carded yarn is mainly used in clothing manufacturing, knitting and embroidery. It is used more in low-quality clothes.
- Best countries for trade: India, China, Bangladesh and Vietnam.
Semi Combed Yarn
- How it is made: To make semi-combed yarn, the fibre is lightly combed so that small and incomplete fibres are removed. It is not a fully combed yarn but is of better quality than carded yarn.
- Used for: This yarn is used in garments where a little better quality is required, such as T-shirts, undergarments and other casual wear.
- Best Countries for Trade: India, Pakistan, Indonesia and Thailand.
Blended Yarn
- How it is made: Blended yarn is made by mixing two or more types of fibres (such as cotton and polyester). This blend is done to balance the properties of the fibres.
- Used for: It is used in garments where strength, durability and elasticity is required, such as dresses, suits and dress materials.
- Best Countries for Trade: China, Turkey, Bangladesh and Italy.
Organic Yarn
- How it is made: Naturally and biologically grown fibres are used to make organic yarn.
- No chemical pesticides or fertilizers are used.
- What is it used for: It is mainly used in high quality and environmentally conscious textile manufacturing, such as baby clothes, yoga wear, and handmade garments.
- Best Countries to Trade: United States, Germany, Japan and Switzerland.
Elasticity Twist Yarn
- How it is made: Elasticity twist yarn increases the flexibility of the fibre by twisting it. In this, elastic fibre is also used along with normal fibre.
- What is it used for: It is used in garments that require flexibility and fitness, such as swimwear, sportswear and leggings.
- Best Countries to Trade: South Korea, Japan, Taiwan and Vietnam.
TFO Doubling Yarn
- How it is made: TFO (Two for One) Doubling Yarn is made by twisting two or more threads together, which increases the strength and durability of the thread.
- What is it used for: It is mainly used in the textile industry, especially in heavy garments, home textiles and industrial products.
- Best Countries to Trade: India, China, Bangladesh and Pakistan
Melange Yarn
- How it is made: Melange yarn is made by mixing fibres of different colours. This gives a mixed colour effect which is used in special designs and patterns.
- What is it used for: It is mainly used in the fashion industry, such as sweaters, jackets and fashion accessories.
- Best Countries to Trade: Italy, France, Spain and Germany.
Fancy Yarn
- How it is made: Fancy yarn uses different types of fibres and twists to create special designs and textures. It uses special manufacturing processes.
- What is it used for: It is used in special fashion garments, home décor items and crafting.
- The best countries to trade with are France, Italy, the United Kingdom, and the United States.
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Conclusion
In today’s blog, we learned about Akshar Spintex Ltd company in detail. Along with this, we also learned about Akshar Spintex Ltd Share Price Target, the fundamentals of the company and how it works. An analysis of other similar companies is available on our website.
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FAQs
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What will be the Akshar Spintex Target Price in 2025?
The share price target of Akshar Spintex will touch the figure of Rs 4.5 within the year 2025. People believe that it may be a little difficult to reach this target but if the company maintains its growth and gives good financial results, then the investor can get a good return at this level.
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What will be the Akshar Spintex Target Price in 2026?
If we talk about the year 2026, then Akshar Spintex Ltd Share Price is estimated to increase to 5.20 this year. The company can further improve its operational efficiency and revenue growth. This price point can prove to be a strong milestone for investors which will help them create good value in the long term.
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What will be the Akshar Spintex Target Price in 2027?
The company’s share price is expected to go up to Rs 6.35 by 2027. During this time, if the company further strengthens its position in the textile industry, then this number can be easily achieved. This can be a good opportunity for investors where they can increase their profits as much as possible.
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What will be the Akshar Spintex Target Price in 2029?
The share price target in 2019 is Rs 8.79, which shows better growth than the previous years. By this time, if the demand for the company’s product increases further and the company’s strategy is successful in the market, then it is easily possible to reach this target.
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What will be the Akshar Spintex Target Price in 2030?
Finally, if we talk about Akshar Spintex Ltd share price target for 2030, it is 9.180. The company shows huge growth by the end of this decade. If the company keeps its financial and market share consistent, then this target will be touched 100%. For a long-term investor, this can become a high-return investment.
Disclaimer: The information given in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company
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