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Collective community sentiment on Acknit Industries Ltd

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Buy

62.50%

Hold

12.50%

Sell

25.00%

62.50%

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News

Media spotlight triggers stock stock attention, sentiment.

  • Acknit Industries Lt Q3 net profit down 11.50% at Rs 1.77 cr

    13 Feb 2025, 12:40PM The company reported standalone net profit of Rs 1.77 crore for the quarter ended December 31, 2024 as compared to Rs 2.00 crore in the same period la
  • Acknit Industries Lt - Appointment of Company Secretary and Compliance Officer

    12 Feb 2025, 6:32PM Ms Paulami Mukherjee, (Membership No. A49780) has been appointed as the Company Secretary and Compliance officer of the Company w.e.f Thursday, 13th f
  • Acknit Industries Lt - Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

    12 Feb 2025, 6:29PM Mr Ravi Kumar Bahl has tendered his resignation from the post of Company Secretary and Compliance officer of Acknit Industries Limited w.e.f the closu
  • Acknit Industries Lt - Announcement under Regulation 30 (LODR)-Change in Directorate

    12 Feb 2025, 6:26PM Re-appointment of Mr Deo Kishan Saraf (DIN: 00128804) as whole-time director for a further period of 3 years w.e.f 1st April, 2025.
  • Acknit Industries Lt - Integrated Filing (Financial)

    12 Feb 2025, 6:19PM Integrated Financials for the quarter and nine months ended 31st December, 2024.
  • Acknit Industries Lt - Financial Results For The Quarter Ended 31St December, 2024

    12 Feb 2025, 6:14PM Financial Results for the quarter and nine months ended 31.12.2024
  • Acknit Industries Lt - Board Meeting Outcome for Outcome Of Board Meeting Held On 12Th February, 2025

    12 Feb 2025, 5:52PM This is to inform pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that the Board of Directo
  • Acknit Industries Lt - Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results For The Qua

    5 Feb 2025, 7:20PM ACKNIT INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2025 ,inter alia, to consider a
  • Acknit Industries Lt has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    21 Jan 2025, 5:20PM As of December 2024, 50.35% is owned by Indian Promoters and 49.66% by Public. <p align=justify> Top five Promoters holding highest number of shares o
  • Acknit Industries Lt - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    17 Jan 2025, 9:40PM Compliance Certificate under Reg 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended 31st December, 2024.
  • Acknit Industries Lt - Clarification On Price Movement Sought By BSE Limited

    18 Dec 2024, 5:23PM Reply to Clarification on Price Movement sought by BSE Limited
  • Acknit Industries Lt - Clarification sought from Acknit Industries Ltd

    17 Dec 2024, 7:08PM The Exchange has sought clarification from Acknit Industries Ltd on December 17, 2024 with reference to significant movement in price, in order to ens

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

Shareholding Pattern

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.

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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.

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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.

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