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Consolidated Standalone

Axita Cotton

₹22.2 0.2 | 0.9%

Market Cap ₹580 Cr.

Stock P/E 28.5

P/B 9

Current Price ₹22.2

Book Value ₹ 2.5

Face Value 1

52W High ₹35.4

Dividend Yield 0.45%

52W Low ₹ 18.5

Edit Ratio

Axita Cotton Research see more...

Overview Inc. Year: 2013Industry: Textile

Axita Cotton Ltd engages within the manufacture, processing, and finishing of cotton bales and cotton seeds in India. The organisation also exports its merchandise to various international locations. Axita Cotton Ltd was incorporated in 2013 and is based in Ahmedabad, India.

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Axita Cotton Share Price

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Peer Comparison

Axita Cotton Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 168 286 205 92 130 122 228 389 266 221
Other Income 5 6 1 0 1 0 1 3 1 0
Total Income 173 292 206 92 131 123 229 391 267 221
Total Expenditure 166 282 199 88 125 115 221 382 263 214
Operating Profit 7 9 6 4 7 8 8 9 5 8
Interest 0 1 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 9 6 3 6 7 8 9 4 7
Provision for Tax 2 2 2 1 2 2 2 2 1 2
Profit After Tax 5 6 4 2 5 6 6 7 3 5
Adjustments 0 0 0 0 0 0 0 -0 0 -0
Profit After Adjustments 5 6 4 2 5 6 6 7 3 5
Adjusted Earnings Per Share 0 0 0.2 0.1 0.2 0.2 0.2 0.2 0.1 0.2

Axita Cotton Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 17 77 68 90 123 213 484 619 818 553 1104
Other Income 0 0 1 1 1 0 0 0 13 5 5
Total Income 17 77 69 92 124 214 485 619 830 558 1108
Total Expenditure 17 75 67 90 120 211 481 610 808 533 1080
Operating Profit 0 2 2 2 4 3 4 9 22 24 30
Interest 0 1 1 1 2 2 3 3 2 0 0
Depreciation 0 1 1 1 0 1 1 0 0 1 0
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -0 0 0 1 1 1 5 20 23 28
Provision for Tax 0 -0 -0 -0 -0 0 0 2 5 6 7
Profit After Tax 0 -0 0 0 1 0 0 4 15 17 21
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 0 0 1 0 0 4 15 17 21
Adjusted Earnings Per Share 0 -0 0 0 0.1 0 0 0.1 0.6 0.7 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -32% 5% 35% 0%
Operating Profit CAGR 9% 82% 43% 0%
PAT CAGR 13% 0% 76% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% 130% 65% NA%
ROE Average 38% 37% 23% 15%
ROCE Average 52% 46% 32% 20%

Axita Cotton Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 3 2 2 2 4 18 18 22 36 52
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 5 3 4 7 1 0 0 1 0 0
Other Non-Current Liabilities 0 0 -0 -0 -0 -0 -0 0 -0 6
Total Current Liabilities 6 8 8 8 18 20 46 84 73 22
Total Liabilities 13 13 14 18 23 38 64 107 109 81
Fixed Assets 5 5 5 4 4 4 3 3 3 10
Other Non-Current Assets 0 0 0 0 0 0 0 0 1 0
Total Current Assets 8 8 9 13 18 34 61 104 105 71
Total Assets 13 13 14 18 23 38 64 107 109 81

Axita Cotton Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 0 1 9 10 4
Cash Flow from Operating Activities -2 4 -0 -2 1 -11 6 4 9 7
Cash Flow from Investing Activities -5 -1 0 0 -0 -0 -0 -0 -0 -1
Cash Flow from Financing Activities 7 -2 -1 2 0 11 -3 -2 -16 -2
Net Cash Inflow / Outflow 0 0 -0 -0 0 0 2 1 -6 5
Closing Cash & Cash Equivalent 0 0 0 0 0 1 3 10 4 8

Axita Cotton Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.01 -0.03 0.01 0 0.12 0.02 0.01 0.14 0.59 0.65
CEPS(Rs) 0.02 0.04 0.08 0.06 0.16 0.04 0.03 0.16 0.61 0.69
DPS(Rs) 0 0 0 0 0 0 0 0 0.05 0
Book NAV/Share(Rs) 0.26 0.23 0.24 0.24 0.38 0.68 0.69 0.83 1.38 2
Core EBITDA Margin(%) 2.84 1.84 1.95 0.48 2.29 1.35 0.8 1.47 1.19 3.48
EBIT Margin(%) 2.12 1.08 1.86 1.31 2.5 1.17 0.72 1.42 2.69 4.2
Pre Tax Margin(%) 0.6 -0.4 0.15 0.02 0.91 0.32 0.11 0.88 2.48 4.14
PAT Margin (%) 0.34 -0.37 0.18 0.03 0.94 0.22 0.07 0.6 1.88 3.08
Cash Profit Margin (%) 1.06 0.58 1.15 0.63 1.29 0.48 0.18 0.67 1.95 3.27
ROA(%) 0.44 -2.15 0.92 0.17 5.77 1.52 0.69 4.36 14.27 18
ROE(%) 2.29 -11.8 5.33 1.12 37 4.28 1.97 18.71 53.07 38.44
ROCE(%) 2.9 6.76 10.22 7.98 16.4 9.22 10.61 25.7 61.07 52.38
Receivable days 95.52 19.16 17.97 16.83 23.39 18.04 19.29 32.98 32.16 38.7
Inventory Days 60.09 15.72 24.96 27.06 20.93 13.87 5.77 3.96 2.85 3.87
Payable days 0.28 1.82 2.2 0.17 0.39 3.14 11.88 26.08 27.56 28.91
PER(x) 0 0 0 0 0 115.3 203.7 14.28 18.45 65.56
Price/Book(x) 0 0 0 0 0 3 3.98 2.44 7.84 21.33
Dividend Yield(%) 0 0 0 0 0 0 0 0 0.35 0
EV/Net Sales(x) 0.73 0.15 0.19 0.19 0.15 0.32 0.17 0.09 0.34 2.01
EV/Core EBITDA(x) 25.61 7.43 6.51 9.7 5.43 22.3 20.78 6.22 12.48 45.65
Net Sales Growth(%) 0 343.02 -11.47 32.52 36.62 73.15 126.96 27.74 32.14 -32.42
EBIT Growth(%) 0 124.6 52.96 -6.39 159.66 -19.14 40.35 151.81 150.26 5.54
PAT Growth(%) 0 -587.35 143.7 -78.25 4174.39 -60.17 -23.45 956.99 312.79 10.53
EPS Growth(%) 0 -587.35 143.7 -78.25 4173.06 -84.8 -23.32 955.56 312.7 10.53
Debt/Equity(x) 3.96 4.18 4.41 5.89 4.42 0.87 0.8 0.64 0 0
Current Ratio(x) 1.4 1.04 1.19 1.65 1.03 1.71 1.32 1.23 1.45 3.16
Quick Ratio(x) 0.92 0.54 0.46 0.67 0.68 1.21 1.2 1.14 1.38 2.85
Interest Cover(x) 1.4 0.73 1.09 1.01 1.57 1.38 1.18 2.62 13.09 65.39
Total Debt/Mcap(x) 0 0 0 0 0 0.29 0.2 0.26 0 0

Axita Cotton Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Oct 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 72.37 72.37 72.37 72.37 69.65 69.65 69.97 69.97 64.77 62.77
FII 6.04 10.02 10.61 10.93 11.63 12.45 3.43 5.33 0.46 0.47
DII 0 0 0 0 0 0 0 0 0 0
Public 21.58 17.6 17.01 16.69 18.73 17.91 26.61 24.71 34.77 36.76
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 76% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 27.56 to 28.91days.
  • Stock is trading at 9 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Axita Cotton News

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