Akshar Spintex Ltd. (AKSHAR) AI Stock Analysis

• Market Cap: ₹314.99M
• Dividend Yield: N/A
• Average Volume (3M): 1.00M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: -31.38%
• EPS Growth: -2648.39%
• Country: IN
• Employees: 190
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.05
• Shares Outstanding: 787,468,500
• 10 Day Avg. Volume: 974,883
• 30 Day Avg. Volume: 1,004,216
• PEG Ratio: 0.04
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 0.25
• P/FCF Ratio: -0.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹0.41 ▼(-18.82% Downside)
• Action: Reiterated Date: 03/11/26
• Date: Action: Reiterated 03/11/26

The score is weighed down primarily by deteriorating profitability and cash flow (net loss, negative EBITDA and free cash flow) and bearish technical momentum (price below key moving averages, negative MACD). A strong equity position and low leverage provide some stability, but valuation remains challenging due to losses (negative P/E) and no stated dividend yield.

Positive Factors

Strong Balance Sheet

A very high equity ratio and minimal leverage provide durable financial stability, reducing solvency risk and giving management room to fund operations or capex without heavy refinancing pressure; this supports resilience through industry cycles and funding flexibility.

Stable Business Model

Core spinning operations supplying yarn to downstream textile manufacturers represent a fundamental, repeatable B2B business with structural demand from apparel and home-textile production; recurring orders and industry integration support steady long-term revenue potential.

Positive Gross Margin

A reported gross margin above zero indicates the company covers direct production costs and retains pricing power on inputs or product mix; this provides a foundation for operational recovery if volumes stabilize and cost controls improve over the medium term.

Negative Factors

Sharp Revenue Decline

A severe revenue contraction materially erodes scale economics, reduces utilization of fixed assets and can weaken supplier/customer relationships; sustained declines impair margin recovery and make reinvestment or diversification more difficult over the coming quarters.

Negative Profitability

Persistent net losses and negative operating margins limit internal funding for growth, depress returns on equity and can force strategic cutbacks; until operating profitability is restored, reinvestment, dividend ability and stakeholder confidence remain constrained.

Negative Free Cash Flow & Financing Reliance

Ongoing negative free cash flow and dependence on financing to support operations raise liquidity and refinancing risk; structurally, this reduces flexibility to fund capex or absorb shocks and makes the business sensitive to credit conditions over months.

Akshar Spintex Ltd. Business Overview & Revenue Model

Company Description

Akshar Spintex Limited engages in the manufacturing and trading of spun cotton yarns primarily in India. It offers cotton, organic and BCI certified cotton, viscose, modal, and excel fiber products; carded, semi combed, and combed cotton yarns; and slub, core spun, TFO, Eli twist, fancy, melange, blended, BCI certified, and organic yarns. The company was incorporated in 2013 and is based in Rajkot, India.

How the Company Makes Money

Akshar Spintex Ltd. primarily makes money by manufacturing and selling yarn produced through its spinning operations. Revenue is generated from (1) sales of yarn to domestic and/or export customers in the textile value chain (e.g., weaving/knitting units and fabric manufacturers), with pricing typically linked to yarn count/quality specifications and prevailing fiber/yarn market rates; and (2) any ancillary operating income directly tied to its manufacturing activities (e.g., processing-related receipts), if applicable. Specifics on product mix (e.g., cotton vs. blended, combed vs. carded, specialty yarns), customer concentration, export share, and named partnerships/contracts are not available here; null.

Akshar Spintex Ltd. Financial Statement Overview

Summary

Mixed fundamentals: a strong balance sheet (high equity ratio and low debt-to-equity) is offset by weak income and cash flow performance, including a sharp revenue decline (-33.26%), negative net income/EBITDA margin, and negative free cash flow with reliance on financing cash flows.

Income Statement

Akshar Spintex Ltd. exhibits fluctuating revenue growth and profitability. The latest annual revenue decreased significantly from the previous year, indicating a -33.26% growth rate. The net profit margin turned negative in the latest year due to a net loss, reflecting profitability concerns. Gross profit margin remains positive at 13.73%, but the negative EBITDA margin highlights operational challenges.

Balance Sheet

The company's balance sheet shows a strong equity position with an equity ratio of 89.90%, indicating financial stability. The debt-to-equity ratio has improved to 0.07, suggesting effective management of debt levels. However, the return on equity is negative, reflecting the impact of negative net income on shareholder returns.

Cash Flow

Cash flow analysis reveals a negative free cash flow in the latest year, indicating potential liquidity issues. The operating cash flow to net income ratio is negative, suggesting cash flow challenges in core operations. Financing cash flow remains positive, indicating reliance on external financing to support operations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.06B	1.17B	1.75B	1.36B	1.73B	1.10B
Gross Profit	138.39M	59.99M	143.84M	68.22M	224.21M	213.25M
EBITDA	-27.57M	-1.49M	106.60M	17.43M	163.24M	64.87M
Net Income	-63.17M	-44.48M	34.55M	-27.64M	70.24M	12.43M
Balance Sheet
Total Assets	0.00	981.13M	738.58M	764.41M	960.39M	733.24M
Cash, Cash Equivalents and Short-Term Investments	27.99M	27.99M	98.00K	174.00K	500.00K	889.00K
Total Debt	0.00	59.41M	189.80M	176.74M	256.46M	250.92M
Total Liabilities	-882.12M	99.02M	299.75M	357.99M	528.05M	370.68M
Stockholders Equity	882.12M	882.12M	438.83M	406.42M	432.34M	362.57M
Cash Flow
Free Cash Flow	0.00	-320.81M	1.57M	96.02M	5.21M	56.24M
Operating Cash Flow	0.00	-295.72M	47.71M	98.36M	19.12M	61.44M
Investing Cash Flow	0.00	-22.59M	-45.05M	-1.80M	-1.90M	-5.09M
Financing Cash Flow	0.00	346.20M	-2.74M	-96.89M	-17.61M	-56.58M

Akshar Spintex Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKSHAR, the sentiment is Negative. The current price of 0.51 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.47, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 36.66 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AKSHAR.

Akshar Spintex Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AKSHAR	52 Neutral	₹314.99M	-2.54	―	―	-31.38%	-2648.39%
SUMEETINDS	49 Neutral	₹15.54B	44.64	―	―	0.58%	―
JBFIND	43 Neutral	₹361.87M	-5.38	―	―	―	―

Akshar Spintex Ltd. Corporate Events

Akshar Spintex Seeks Shareholder Nod via Postal Ballot for Independent Director Appointment

Akshar Spintex Ltd. has initiated a postal ballot process, conducted entirely through remote e-voting, to seek shareholder approval for a key board appointment in line with the Companies Act, 2013 and SEBI listing regulations. The company is asking shareholders to ratify the appointment of Mr. Bhavin Jayantibhai Kothiya as a Non-Executive Independent Director for a five-year term from November 24, 2025 to November 23, 2030, following his earlier induction as an Additional Independent Director, a move aimed at strengthening its independent oversight and corporate governance framework.

Akshar Spintex Board Clears Postal Ballot to Ratify Director Appointments and Pay

Akshar Spintex Ltd.’s board, at its 19 January 2026 meeting, approved a postal ballot process to seek shareholder approval via remote e-voting for ratifying the appointment of Bhavin Jayantibhai Kothiya as a non-executive independent director and for re-seeking approval of the appointment and remuneration of executive director Harry Paghadar. To facilitate this process and ensure regulatory compliance and transparency, the board also appointed Bigshare Services Pvt. Ltd. as the e-voting agency and engaged practising company secretary Dipali Vora as scrutinizer to oversee the remote e-voting and provide a formal scrutinizer’s report, underscoring the company’s focus on formalizing board composition and remuneration through shareholder consent.