AKI India Ltd. (IN:AKI)
:AKI
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AKI India Ltd.
(AKI)
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Rating:56Neutral
Price Target:
₹4.00
▼(-37.21% Downside)
Action:ReiteratedDate:03/17/26
The score is primarily supported by improving operating performance and revenue growth, but is held back by negative free cash flow and high leverage. Technicals are materially bearish (below key moving averages with negative MACD), and valuation is relatively high (P/E ~30.6) with no dividend support.
Positive Factors
Revenue Growth
Sustained ~23% revenue growth indicates expanding product demand and market penetration. Over the next several months this growth should support scale benefits, improve operating leverage, and provide a platform for sustained top-line momentum if the company maintains customer and geographic diversification.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow undermines internal funding for working capital and capex, forcing reliance on external financing. Over a multi-month horizon, this weakens liquidity flexibility, raises refinancing risk, and limits the firm’s ability to convert revenue growth into durable cash reserves.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~23% revenue growth indicates expanding product demand and market penetration. Over the next several months this growth should support scale benefits, improve operating leverage, and provide a platform for sustained top-line momentum if the company maintains customer and geographic diversification.
Read all positive factors
AKI India Ltd. (AKI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹476.81M
Dividend YieldN/A
Average Volume (3M)16.37K
Price to Earnings (P/E)30.6
Beta (1Y)0.96
Revenue Growth24.53%
EPS Growth3.90%
CountryIN
EmployeesN/A
SectorServices
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)0.24
Shares Outstanding103,205,956
10 Day Avg. Volume7,750
30 Day Avg. Volume16,372
Financial Highlights & Ratios
PEG Ratio2.34
Price to Book (P/B)1.13
Price to Sales (P/S)0.91
P/FCF Ratio-14.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AKI India Ltd. Business Overview & Revenue Model
Company Description
AKI India Limited manufactures and sells leather and leather goods in India. The company operates through Tannery, Footwear, Equestrian, Leather, and Chemical segments. It offers leather upholstery, leather wallets and bags, and leather belts and ...
How the Company Makes Money
AKI India Ltd. generates revenue through the manufacturing and sale of leather footwear and leather products, which are distributed both in India and globally. The company earns income from exports by supplying leather goods to international marke...
AKI India Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 501.30M | 809.62M | 709.13M | 702.62M | 609.39M | 448.52M |
| Gross Profit | 89.09M | 143.31M | 137.95M | 138.46M | 94.63M | 75.24M |
| EBITDA | 38.25M | 63.69M | 53.88M | 54.80M | 53.65M | 53.01M |
| Net Income | 14.93M | 16.78M | 13.67M | 11.55M | 16.46M | 8.92M |
Balance Sheet | ||||||
| Total Assets | 1.54B | 1.14B | 1.04B | 647.02M | 604.88M | 568.72M |
| Cash, Cash Equivalents and Short-Term Investments | 50.67M | 27.81M | 18.13M | 14.73M | 12.70M | 11.60M |
| Total Debt | 259.89M | 242.14M | 218.39M | 295.06M | 294.37M | 278.71M |
| Total Liabilities | 540.26M | 492.29M | 443.97M | 482.66M | 464.26M | 440.41M |
| Stockholders Equity | 998.58M | 651.37M | 597.14M | 149.88M | 140.62M | 128.31M |
Cash Flow | ||||||
| Free Cash Flow | -25.76M | -51.52M | -225.81M | 15.18M | -2.86M | -67.57M |
| Operating Cash Flow | -13.35M | -26.71M | -176.24M | 37.95M | 7.62M | -49.19M |
| Investing Cash Flow | -7.57M | -15.13M | -176.89M | -24.87M | -9.94M | -16.76M |
| Financing Cash Flow | 25.76M | 51.52M | 356.53M | -10.99M | 3.43M | 64.94M |
AKI India Ltd. Technical Analysis
Negative
6.37
Price Trends
5.48
Negative
6.37
Negative
8.07
Negative
Market Momentum
-0.38
Negative
46.40
Neutral
35.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKI, the sentiment is Negative. The current price of 6.37 is above the 20-day moving average (MA) of 4.60, above the 50-day MA of 5.48, and below the 200-day MA of 8.07, indicating a neutral trend. The MACD of -0.38 indicates Negative momentum. The RSI at 46.40 is Neutral, neither overbought nor oversold. The STOCH value of 35.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AKI.
AKI India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | ₹32.48M | -258,504.57 | ― | ― | -10.56% | -48.44% | |
56 Neutral | ₹476.81M | 30.57 | ― | ― | 24.53% | 3.90% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹1.85B | 15.77 | ― | ― | -12.75% | -809.36% | |
41 Neutral | ₹93.17M | -1.48 | ― | ― | -3.63% | 24.10% |
* Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.