Data is delayed. Analysis is best done in real-time! Open a FREE Sharekhan Demat A/c in 15 mins* and continue your analysis with real-time data.
Market Data
Essential tool: analyze, trade, manage, decide.
What’s Your Call?
Collective community sentiment on Acknit Industries Ltd
Your Vote -
Buy
62.50%
Hold
12.50%
Sell
25.00%
62.50%
8 users have voted
Option Chain
Analyzes market sentiment, predicts Acknit Industries Ltd' movement.
NO_RECORD_FOUND
News
Media spotlight triggers stock stock attention, sentiment.
-
Acknit Industries Lt Q3 net profit down 11.50% at Rs 1.77 cr
-
Acknit Industries Lt - Appointment of Company Secretary and Compliance Officer
-
Acknit Industries Lt - Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
-
Acknit Industries Lt - Announcement under Regulation 30 (LODR)-Change in Directorate
-
Acknit Industries Lt - Integrated Filing (Financial)
-
Acknit Industries Lt - Financial Results For The Quarter Ended 31St December, 2024
-
Acknit Industries Lt - Board Meeting Outcome for Outcome Of Board Meeting Held On 12Th February, 2025
-
Acknit Industries Lt - Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results For The Qua
-
Acknit Industries Lt has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024
-
Acknit Industries Lt - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
-
Acknit Industries Lt - Clarification On Price Movement Sought By BSE Limited
-
Acknit Industries Lt - Clarification sought from Acknit Industries Ltd
Key fundamentals
Evaluate the intrinsic value of Acknit Industries Ltd stock
Name | March-24 | March-23 | March-22 | March-21 | March-20 |
---|---|---|---|---|---|
Assets | 137.3596 | 113.384 | 123.7992 | 96.4272 | 93.6803 |
Liabilities | 137.3596 | 113.384 | 123.7992 | 96.4272 | 93.6803 |
Equity | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 |
Gross Profit | 16.8883 | 18.1863 | 15.5025 | 10.1098 | 11.2444 |
Net Profit | 8.552 | 9.0201 | 7.9381 | 5.8458 | 4.3677 |
Cash From Operating Activities | -8.5302 | 25.4058 | -7.6315 | 8.9973 | 24.1648 |
NPM(%) | 3.87 | 3.78 | 3.65 | 3.46 | 2.57 |
Revenue | 220.6573 | 238.4687 | 217.384 | 168.4702 | 169.9246 |
Expenses | 203.769 | 220.2824 | 201.8815 | 158.3603 | 158.6802 |
ROE(%) | 10.85 | 11.44 | 10.07 | 7.41 | 5.54 |
Corporate Action
XD-Date | Dividend-Amount | Dividend-% | Dividend Yield(%GE) | Price on that day |
---|
Peers
Other companies within the same industry or sector that are comparable to Acknit Industries Ltd
Company | Price | Price (% change) | pe(x) | EV/EBITDA(x) | ROE(%) | ROCE(%) |
---|---|---|---|---|---|---|
Prime Urban Development India Ltd | 7.98 | -4.77 | 0.00 | 596.81 | -38.30 | 0.00 |
Indian Acrylics Ltd | 7.31 | -2.01 | 0.00 | 3031.22 | -39.94 | 0.00 |
Futura Polyesters Ltd | 3.85 | -3.75 | 0.00 | 0.00 | -36.55 | 0.00 |
SEL Manufacturing Company Ltd | 31.16 | 4.99 | 0.00 | 742.22 | -582.33 | 0.00 |
Company Info
The Company was originally incorporated under Companies Act 1956 as a Private Limited Company on 12.10.1990 (Certificate of Incorporation No.21-50020 of 1990 issued by Registrar of Companies, West Bengal) in the name of Acknit Knitting Private Ltd. Subsequently the Company has been converted into a Public Limited Company and the name was changed to Acknit Knitting Limited and fresh certificate of incorporation was obtained from Registrar of Companies, West Bengal at Calcutta on 08.08.94 consequent upon change of name. In pursuance of its object, the Company has set up a 100% Export Oriented Unit at Falta Export Processing Zone, West Bengal in the year 1991 by installing only 20 fully computerised knitting machines imported from Japan. Installed production capacity of the unit was then 108000 dozen pairs of Seamless knitted handgloves. The unit commenced commercial production from September'91 and has been successfully exporting its entire production since then. Quality of the products manufactured by the Company was well accepted in the international market since very beginning. Encouraged with the potential of manufacture and export of the product, the Company embarked upon an expansion plan during the second year of production itself with another 40 fully automatic computerised knitting machines of Japanese make. All these machines have been successfully commissioned and commercial production therefrom has already commenced. The Company has been able to successfully export its products to countries like Italy and France. To penetrate other overseas markets as well as for expansion of export sales in their existing markets, the Company had been awarded with a grant assistance of US$ 16,500 by Bank Of Baroda under its World Bank aided Export Development Fund in the year 1993-94. The Company has all along been exporting its products only to GCA countries thereby earning valuable foreign exchange for the country. Having established itself in the export market supported by the confidence of overseas clientele as demonstrated by large scale repeat orders, the Company has planned to undertake further expansion of capacity with an element of horizontal diversification of product range for 100% export at an estimated project cost of Rs.412.19 lacs to gain from the potential of export of such products and current governmental policies and thrusts towards export. MAIN OBJECTS OF THE COMPANY : The main objects of the Company are set forth in the Memorandum of Association and include, inter alia, 1. To establish, carry on, maintain, operate and run in India or elsewere business of trading, re-sale, manufacture, production, process, conservation and to do job work of all kinds and forms of cotton, hosiery, knitting, synthetic, woolen, canvas, handgloves, socks, sleeves, underwear garments, readymade garments, sweaters, cardigans, shawls, hankies caps and shoes made from or based on one or more of the products, or articles mentioned herein above and exports, imports of such hand-gloves, socks, sleeves, yarn, cloth and such raw materials, clothes, yarn and other textiles and allied products and dealing in their wastages and by-products. 2. To import, export, buy, sell or deal in hand-gloves, socks, sleeves, underwear-garments, readymade garments and hosiery, curtain and furnishing items, decorations and art goods made of cloth, piece-goods and to establish retail chain of stores, offices, shops, show-rooms, depots in India or abroad. 2005 -Board recommends dividend of 20%. 2008 -Company name has been changed from Acknit Knitting Ltd to Acknit Industries Ltd. 2009 - Acknit Industries Ltd has recommended for payment of Dividend at 15% i.e. Rs 1.50 per share. 2011 - Acknit Industries Ltd has recommended a dividend at Rs. 1/50 per share i.e. @ 15% . 2012 - Acknit Industries Ltd has recommended payment of a dividend at 15% i.e., @Rs. 1.50 per share 2014 - Acknit Industries Ltd has recommended payment of dividend at Rs. 1.50 per share.
The Company was originally incorporated under Companies Act 1956 as a Private Limited Company on 12.10.1990 (Certificate of Incorporation No.21-50020 of 1990 issued by Registrar of Companies, West Bengal) in the name of Acknit Knitting Private Ltd. Subsequently the Company has been converted into a Public Limited Company and the name was changed to Acknit Knitting Limited and fresh certificate of incorporation was obtained from Registrar of Companies, West Bengal at Calcutta on 08.08.94 consequent upon change of name. In pursuance of its object, the Company has set up a 100% Export Oriented Unit at Falta Export Processing Zone, West Bengal in the year 1991 by installing only 20 fully computerised knitting machines imported from Japan. Installed production capacity of the unit was then 108000 dozen pairs of Seamless knitted handgloves. The unit commenced commercial production from September'91 and has been successfully exporting its entire production since then. Quality of the products manufactured by the Company was well accepted in the international market since very beginning. Encouraged with the potential of manufacture and export of the product, the Company embarked upon an expansion plan during the second year of production itself with another 40 fully automatic computerised knitting machines of Japanese make. All these machines have been successfully commissioned and commercial production therefrom has already commenced. The Company has been able to successfully export its products to countries like Italy and France. To penetrate other overseas markets as well as for expansion of export sales in their existing markets, the Company had been awarded with a grant assistance of US$ 16,500 by Bank Of Baroda under its World Bank aided Export Development Fund in the year 1993-94. The Company has all along been exporting its products only to GCA countries thereby earning valuable foreign exchange for the country. Having established itself in the export market supported by the confidence of overseas clientele as demonstrated by large scale repeat orders, the Company has planned to undertake further expansion of capacity with an element of horizontal diversification of product range for 100% export at an estimated project cost of Rs.412.19 lacs to gain from the potential of export of such products and current governmental policies and thrusts towards export. MAIN OBJECTS OF THE COMPANY : The main objects of the Company are set forth in the Memorandum of Association and include, inter alia, 1. To establish, carry on, maintain, operate and run in India or elsewere business of trading, re-sale, manufacture, production, process, conservation and to do job work of all kinds and forms of cotton, hosiery, knitting, synthetic, woolen, canvas, handgloves, socks, sleeves, underwear garments, readymade garments, sweaters, cardigans, shawls, hankies caps and shoes made from or based on one or more of the products, or articles mentioned herein above and exports, imports of such hand-gloves, socks, sleeves, yarn, cloth and such raw materials, clothes, yarn and other textiles and allied products and dealing in their wastages and by-products. 2. To import, export, buy, sell or deal in hand-gloves, socks, sleeves, underwear-garments, readymade garments and hosiery, curtain and furnishing items, decorations and art goods made of cloth, piece-goods and to establish retail chain of stores, offices, shops, show-rooms, depots in India or abroad. 2005 -Board recommends dividend of 20%. 2008 -Company name has been changed from Acknit Knitting Ltd to Acknit Industries Ltd. 2009 - Acknit Industries Ltd has recommended for payment of Dividend at 15% i.e. Rs 1.50 per share. 2011 - Acknit Industries Ltd has recommended a dividend at Rs. 1/50 per share i.e. @ 15% . 2012 - Acknit Industries Ltd has recommended payment of a dividend at 15% i.e., @Rs. 1.50 per share 2014 - Acknit Industries Ltd has recommended payment of dividend at Rs. 1.50 per share.
Read More
Parent Organisation
Acknit Industries Ltd.
Founded
12/10/1990
Managing Director
Mr.Shri Krishan Saraf
NSE Symbol
FAQ
The current price of Acknit Industries Ltd is
The 52-week high for Acknit Industries Ltd is
The market capitalization of Acknit Industries Ltd is currently
This value can fluctuate based on stock price movements and changes in the number of shares outstanding.To buy Acknit Industries Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.
To invest in Acknit Industries Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Acknit Industries Ltd shares.
The CEO of Acknit Industries Ltd is Mr.Shri Krishan Saraf, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.