AKSHAR · Akshar Spintex Ltd · Apparel/Accessories
AKSHAR · Akshar Spintex Ltd · Apparel/Accessories
As of 05 Nov close
52-week range
31.1% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹30 Cr
Revenue YoY
PAT YoY
+148.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.4
P/S (TTM)
0.3
Sector P/E
Not available from data source
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| AKSHAR (this stock) | Not meaningful (earnings negative over the last 12 months) | 0.4 | -4.6% | -6.9% | 0.06 | 0.0% |
| Page Industries | 61.1 | 25.7 | +14.1% | +50.3% | 0.18 | +1.7% |
| Vardhman Textiles | 21.4 | 1.5 | +8.3% | +8.1% | 0.18 | +0.9% |
| Indo Count Industries | 57.6 | 4.1 | +3.4% | +6.4% | 0.57 | +0.3% |
Promoter
stable
FII
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedAkshar Spintex Limited reported a net loss in FY2025-26 due to global cotton price volatility, foreign exchange fluctuations, geopolitical developments, and subdued international demand. The company has taken steps to improve operational efficiency, expand market reach, and enhance profitability. It does not have foreign collaborations or direct foreign investments. The board has stated a recommendation to resubmit remuneration proposals for approval, citing ongoing responsibilities and financial conditions. The company emphasizes its commitment to technology-driven innovation and sustainability, while facing challenges related to cotton availability, energy costs, and global trade policies.
- The company faces financial challenges due to global market volatility and has incurred losses in recent years.
- Management is focusing on improving operational efficiency, optimizing costs, and expanding market reach.
- The company does not have foreign collaborations or direct foreign investments.
- Management has stated a recommendation to resubmit remuneration proposals for directors for approval due to financial conditions.
- Commitment to technology absorption and sustainability initiatives, though no specific efforts were reported.
Key takeaway: Akshar Spintex Limited is navigating financial challenges driven by global market conditions and is implementing strategies to enhance operational efficiency and profitability.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (3 items); Regulatory Action (2 items); Default / Covenant Breach (4 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
3 occurrencesRecent (last 12 months)
The auditor could not obtain sufficient audit evidence due to the absence of physical verification of inventory by the company's management, leading to a qualified audit opinion.
Older (3+ years ago)
The auditor has not independently verified the Company's inventories and certain balances (trade receivables, trade payables) during the year under review, and any adjustments to these values could affect the loss and net assets for the period and year ended March 31, 2023.
The auditor has not complied with the requirements specified in Note 2.5 of the section Summary of Significant Accounting Policies.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company failed to appoint a qualified Company Secretary as a compliance officer from September 30, 2025, to October 18, 2025, and had a board composition of less than six directors from November 25, 2025, to February 18, 2026, resulting in penalties under SEBI LODR regulations.
Earlier (1-3 years ago)
The company was fined by stock exchanges for not implementing a bonus issue announced in December 2023, with a penalty of Rs. 1,18,000 including GST from each exchange.
Default / Covenant Breach
4 occurrencesRecent (last 12 months)
The company has unpaid professional tax dues under the Gujarat Professional Tax Act for FY 2020-21 to FY 2025-26, with amounts unpaid as of the balance sheet date.
Earlier (1-3 years ago)
The company's quarterly returns and statements of current assets filed with banks and financial institutions do not agree with its books of accounts.
Older (3+ years ago)
The company has unpaid statutory dues for Gujarat Professional Tax Act for the fiscal years 2020-21, 2021-22, and 2022-23, with amounts unpaid as of the balance sheet date.
The company has unpaid statutory dues for Gujarat Professional Tax for the fiscal years 2020-21 and 2021-22, with amounts of 4.97 lacs and 5.09 lacs respectively, which were not paid as of the report date.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has income tax matters in dispute in respect of Assessment dues before CIT (Appeal) for A.Y. 2018-19.
Earlier (1-3 years ago)
The company has contingent liabilities not provided for in respect of income tax matters in dispute for A.Y. 2018-19.
The company has contingent liabilities not provided for in respect of income tax matters in dispute in respect of Assessment dues before CIT (Appeal) for A.Y. 2018-19.
Older (3+ years ago)
The company has a contingent liability related to income tax matters in dispute in respect of Assessment dues before CIT (Appeal) for A.Y. 2018-19.
Akshar Spintex Limited has contingent liabilities related to appeals filed in respect of disputed income-tax demands.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
Akshar Spintex Limited paid salaries and bonuses to relatives of directors during the financial year 2025-26. The transactions were approved by the board and are stated to be non-material, with no adverse effects on stakeholders.
Earlier (1-3 years ago)
The company had transactions with related parties, including loans accepted and repaid, and reimbursement of expenses paid to individuals such as Harikrishna Chauhan, Amitbhai Gadhiya, and Harry Dineshbhai Paghdar.
Akshar Spintex Limited paid salaries and bonuses totaling 5,06,000/-, 7,59,000/-, and 4,43,000/- to relatives of directors during the financial year 2023-2024, as disclosed in the annual report.
Older (3+ years ago)
The company has transactions with related parties including remuneration to Key Managerial Personnel (KMPs) and their relatives, interest payments, loans accepted and repaid, and rent paid. These transactions involve individuals such as Ilaben Paghdar, Amitbhai Gadhiya, Harikrishna Chauhan, and others.
The company entered into related party transactions involving relatives of directors, including renting property and providing salaries, which were approved by the board and deemed not material in nature.
Management & Board Governance
3 occurrencesRecent (last 12 months)
The Internal Auditor resigned on 12th August, 2022 and no new Internal Auditor was appointed up to 31st March 2026.
Older (3+ years ago)
Mr. Jagdishbhai Dhirubhai Otradi, the Chief Financial Officer, resigned effective 27th May 2023. Mr. Pratik Mukeshbhai Makwana, the Company Secretary, also resigned effective 31st July 2023.
Mr. Kishor M. Kikani resigned as Company Secretary and Compliance Officer on 25 December 2021 due to personal reasons, and Mr. Pratik M. Makwana was appointed to the role on 9 March 2022.