AKSHAR
Akshar Spintex financials
- Market cap
- ₹33 Cr
- Sector
- Textiles
What Akshar Spintex Limited does
Akshar Spintex Limited runs a single cotton yarn spinning mill at Kalavad in Jamnagar district, Gujarat, sited in the Shankar-6 cotton belt about 250 km from Kandla port for easy access to raw cotton. The mill spins natural cotton (Shankar-6, MCU-5, DCH-32, MECH-1, J-34), BCI-certified and organic-certified cotton, and viscose, modal and excel fibers into carded, semi-combed, combed, slub, core-spun, TFO, melange, blended and other yarns across a 16s to 44s Ne count range. Production runs on German and Japanese spinning machinery, with an administrative office maintained separately in Rajkot.
Segments
- Cotton yarn manufacturing
- Raw fiber sourcing
- Installed spindles
- 24,480
- Annual yarn production capacity
- 6,000-7,500 MT (as stated across the annual report)
- Manufacturing facility area
- 2,20,000 sq ft
- Manufacturing facilities
- 1 (Kalavad, Jamnagar district, Gujarat)
- Yarn count range spun
- 16's to 44's Ne
- Yarn product types
- 12
Quarterly results
Q1 FY27: revenue up 14.3%, net profit up 148.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 26 | 31 | 26 | 22 −4% | 34 +32% | 34 +12% | 30 +14% |
| EBITDA | -1 | -2 | -1 | -1 | -0 +79% | -5 −126% | 1 +246% | 2 +521% |
| Net profit | -2 | -2 | -1 | -1 | -2 −23% | -4 −63% | -0 +66% | 1 +148% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.5% 1Y
1Y: ₹0.55 on 10 Sept 2025 → ₹0.41. High ₹0.73 (10 Oct 2025), low ₹0.37 (4 Mar 2026).
Financials, as filed
Revenue fell 18.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to -4.0%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹175 Cr | ₹117 Cr | ₹117 Cr |
| Operating profit | ₹8 Cr | ₹-2 Cr | ₹-5 Cr |
| Operating margin | 4.4% | -2.1% | -4.0% |
| Interest | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹4 Cr | ₹5 Cr | ₹7 Cr |
| Net profit | ₹3 Cr | ₹-4 Cr | ₹-7 Cr |
| Net margin | 2.0% | -3.8% | -6.3% |
| Cash from operations | ₹5 Cr | ₹-30 Cr | ₹8 Cr |
| Free cash flow | ₹0 Cr | ₹-32 Cr | ₹0 Cr |
| ROCE | 11.0% | -6.0% | -9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹30 Cr | ₹79 Cr | ₹79 Cr |
| Reserves | ₹11 Cr | ₹18 Cr | ₹16 Cr | ₹14 Cr | ₹6 Cr | ₹2 Cr |
| Borrowings | ₹25 Cr | ₹26 Cr | ₹18 Cr | ₹19 Cr | ₹5 Cr | ₹5 Cr |
| Other liabilities | ₹12 Cr | ₹24 Cr | ₹18 Cr | ₹11 Cr | ₹6 Cr | ₹10 Cr |
| Total liabilities | ₹73 Cr | ₹93 Cr | ₹76 Cr | ₹74 Cr | ₹96 Cr | ₹96 Cr |
| Fixed assets | ₹46 Cr | ₹43 Cr | ₹39 Cr | ₹39 Cr | ₹38 Cr | ₹40 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹27 Cr | ₹50 Cr | ₹37 Cr | ₹34 Cr | ₹58 Cr | ₹56 Cr |
| Total assets | ₹73 Cr | ₹93 Cr | ₹76 Cr | ₹74 Cr | ₹96 Cr | ₹96 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 1,41,087.
- Promoters
- 0.3%
- Public
- 99.7%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 43.8% to 0.3% — −43.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 43.8%, Public 56.3%.Dec '23: Promoters 37.6%, FIIs 0.0%, Public 62.4%.Mar '24: Promoters 12.0%, FIIs 0.0%, Public 88.0%.Jun '24: Promoters 11.6%, Public 88.4%.Sep '24: Promoters 0.7%, Public 99.3%.Dec '24: Promoters 0.3%, Public 99.7%.Mar '25: Promoters 0.3%, Public 99.7%.Jun '25: Promoters 0.3%, Public 99.7%.Sep '25: Promoters 0.3%, Public 99.7%.Dec '25: Promoters 0.3%, Public 99.7%.Mar '26: Promoters 0.3%, Public 99.7%.Jun '26: Promoters 0.3%, Public 99.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- JR Seamless Private Limited newly disclosed 1.90% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Akshar Spintex Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Abhijeet Agarwal | 3.52% | unchanged |
| JR Seamless Private Limited | 1.90% | newly disclosed |
| Ankit Jain | 1.51% | unchanged |
| Harikrushna Shamjibhai Chauhan | 0.11% | unchanged |
| Rekhaben Harikrushnabhai Chauhan | 0.09% | unchanged |
| Harikrishna Shamjibhai Chauhan (Huf) | 0.06% | unchanged |
| Amit Vallabhbhai Gadhiya | 0.01% | unchanged |
| Kantaben Vallabhbhai Gadhiya | 0.00% | unchanged |
| Nayan Vallabhbhai Gadhiya | 0.00% | unchanged |
| Pooja Amit Gadhiya | 0.00% | unchanged |
| Priyanka Harikrushnabhai Chauhan On behalf of Whitecott fabrics | 0.00% | unchanged |
| Narmadaben Shamjibhai Chauhan | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Akshar Spintex Limited
Guides on how to read this kind of business and the numbers that matter.