MarketFriction

Axita Cotton Ltd

NSE AXITA · BSE 542285 · Other Textile Products
₹7.58 -1.69%
NSE close2026-10-01
52 week range6.57 - 12.20
Market cap₹298 Cr.
P/E76.7
Price band 20% Delivery 84.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales387.92265.31221.01154.93129.89228.04139.86156.7063.2789.4061.0358.28
Expenses379.47261.56213.78149.23128.84230.81142.46156.8762.8384.5265.1956.56
Operating Profit8.453.757.235.701.05-2.77-2.60-0.170.444.88-4.161.72
OPM %2.18%1.41%3.27%3.68%0.81%-1.21%-1.86%-0.11%0.70%5.46%-6.82%2.95%
Other Income0.730.890.290.040.021.690.462.610.250.241.163.69
Interest0.110.100.480.450.110.150.240.320.380.690.410.51
Depreciation0.300.310.350.330.320.270.180.160.150.150.150.16
Profit before tax8.774.236.694.960.64-1.50-2.561.960.164.28-3.564.74
Tax %25.77%26.00%26.01%28.63%3.12%-18.00%-27.73%17.86%75.00%39.49%-34.27%24.26%
Net Profit6.513.134.953.540.63-1.22-1.861.610.042.60-2.343.59
EPS in Rs0.170.080.130.090.02-0.03-0.050.040.000.07-0.060.09
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1232134846198185481,102653370272
Expenses1202104816108085251,075651366269
Operating Profit3349102327143
OPM %2.3%1.4%0.8%1.5%1.2%4.2%2.5%0.2%1.1%1.1%
Other Income10001322215
Interest2233211122
Depreciation0110011111
Profit before tax1115202327236
Tax %-4%32%35%31%24%26%25%30%33%
Net Profit1004151720124
EPS in Rs0.080.010.010.100.400.440.530.030.050.10
Dividend Payout %0%0%0%0%6%12%13%0%101%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%-10%-12%-58%
Compounded Profit Growth%0%-40%370%
Stock Price CAGR%25%-17%-1%
Return on Equity%22%13%6%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2713132020263538
Reserves111591733382827
Borrowings171515140625118
Other Liabilities25327172228123
Total Liabilities23386410710981987686
Fixed Assets4433310954
CWIP000000000
Investments0000000820
Other Assets18346110410671896462
Total Assets23386410710981987686
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1-116497-13451
Cash from Investing Activity-0-0-0-0-0-11-11-11
Cash from Financing Activity011-3-2-16-210-3015
Net Cash Flow0021-65-255
Free Cash Flow0-116486-14441
CFO/OP18%-348%157%44%146%64%-32%3,460%45%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days321831423329131817
Inventory Days20184625712
Days Payable1621343210171
Cash Conversion Cycle50301414324181218
Working Capital Days023961326182221
ROCE %9%11%26%61%49%38%2%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.97%64.77%62.77%62.77%41.93%41.93%41.93%41.93%41.92%41.92%41.93%41.91%
FIIs5.32%0.46%0.47%0.52%1.96%1.80%2.04%2.64%3.74%5.01%5.62%5.32%
Public24.70%34.77%36.76%36.71%56.11%56.28%56.04%55.43%54.35%53.07%52.46%52.77%
No. of Shareholders64,0571,05,4101,28,1351,24,9541,97,1191,97,4941,92,6361,87,7061,78,8861,68,0371,64,1171,59,549

Fundamentals

Market Cap₹ 298 Cr.
Current Price₹ 7.81
Stock P/E76.7
Book Value₹ 1.70
ROCE10.6 %
ROE5.75 %
Dividend Yield0.64 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-58%
Compounded Profit Growth (TTM)370%
Standalone figures.
Valuation
Market capRs 264 Cr
Enterprise valueRs 254 Cr
P/E (TTM)67.77x
Price to book4.19x
Price to sales0.97x
EV / EBITDA30.91x
EV / EBIT33.39x
EV / sales0.93x
Price to cash flow5.80x
Earnings yield1.48%
P/E, 3-year average113.87x
P/B, 3-year average7.21x
P/E, 5-year average68.61x
P/B, 5-year average4.42x
Profitability
Operating margin (excl. other income)0.22%
Operating margin (incl. other income)0.55%
EBITDA margin3.02%
Pre-tax margin2.07%
Net profit margin1.43%
Net margin, latest quarter6.16%
ROE1.71%
ROCE3.26%
ROA1.25%
ROE, 3-year average24.98%
ROCE, 3-year average30.19%
ROA, 3-year average13.98%
ROE, 5-year average29.34%
ROCE, 5-year average35.47%
ROA, 5-year average12.11%
ROIC (approx.)9.95%
Tax rate30.32%
Other income / net worth3.48%
Growth
Sales growth (latest year)-40.77%
Profit growth (latest year)-94.64%
Sales CAGR, 3 years-7.24%
Sales CAGR, 5 years6.15%
Profit CAGR, 3 years-58.64%
Profit CAGR, 5 years25.51%
Sales growth QoQ-4.51%
Sales growth YoY (latest quarter)-62.81%
Profit growth YoY (latest quarter)122.98%
Per share
EPS (TTM)Rs 0.11
EPS (latest year)Rs 0.03
EPS (latest quarter)Rs 0.10
EPS, 3-year averageRs 0.56
EPS, 5-year averageRs 2.47
Book value per shareRs 1.81
Sales per shareRs 7.82
Cash flow per shareRs 1.31
Free cash flow per shareRs 0.03
Dividend per share, 3-year averageRs 0.10
Dividend per share, 5-year averageRs 0.23
Dividends
Dividend payout, 3-year average12.20%
Dividend payout, 5-year average10.25%
Efficiency
Asset turnover8.55x
Fixed asset turnover141.59x
Inventory turnover663.33x
Inventory days1 days
Debtor days18 days
Debtors turnover20.42x
Creditor days1 days
Cash conversion cycle18 days
Working capital days21 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 11 Cr
Net debtRs -10 Cr
Debt to equity0.02x
Net debt / EBITDA-1.16x
Interest coverage3.82x
Current ratio (filing 2026-03-31)3.38x
Quick ratio (filing 2026-03-31)3.30x
Trade payables (filing 2026-03-31)Rs 1 Cr
Owners' fund to total sources82.32%
Debt to assets1.34%
Cash flow
Cash from Operating Activity (latest year)Rs 45 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs -30 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs -23 Cr
Cash from ops / profit, 5 years0.89x
Sales to cash flow14.36x
Statement figures
Net sales (TTM)Rs 272 Cr
Net sales (latest year)Rs 653 Cr
Sales (latest quarter)Rs 58 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 643 Cr
Total expenditure (latest year)Rs 651 Cr
Total income (latest year)Rs 655 Cr
Share capitalRs 35 Cr
ReservesRs 28 Cr
Shareholders' fundsRs 63 Cr
Total assetsRs 76 Cr
Net blockRs 5 Cr
InvestmentsRs 8 Cr
ReceivablesRs 32 Cr
InventoryRs 1 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)34.78
Ownership
Promoter holding41.91% (-0.02 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 67.8 is at the 47th percentile of its own 6.4-year range (median 70.5, low 20.3, high 309.9).
P/B 4.19 is at the 20th percentile (median 8.67).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAXITANifty 50Difference
1 week-5.2%-2.8% -2.5 pts
1 month-4.8%-6.8% +2.0 pts
3 months+0.4%-7.6% +8.0 pts
6 months-11.6%+0.4% -12.0 pts
1 year-5.1%-9.9% +4.8 pts
2 years-51.1%-13.6% -37.5 pts
3 years-44.6%+14.2% -58.8 pts
5 years+211.9%+27.9% +184.0 pts

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 141% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-08-12: Axita Cotton Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹58 Cr -62.8% vs Jun 2025. Net profit ₹4 Cr +123.0%.
Against our estimate for Jun 2026: sales -38.0%, profit +600.2% beat. Our estimate for Sep 2026: sales Rs 38 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Re 0.05 Per Share
2026-02-13Bonus 1:100.9091
2024-09-20Bonus 1:30.7500
2024-08-28Dividend - Re 0.10 Per Share
2023-12-22Bonus 1:30.7500
2023-11-17Interim Dividend - Re 0.10 Per Share
2023-11-13Interim Dividend - Re 0.10 Per Share
2023-06-02Buy Back
2022-10-21Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2022-09-19Dividend - Rs 0.50 Per Share
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of the 13th Annual General Meeting of the Company held on Wednesday, September 30, 2026 at 02:30 P.M. through Video Conferencing / Other A...
2026-09-08Record DateRecord date for the purpose of DI is 11-Sep-2026.
2026-09-05General UpdatesDeclaration of record date of the final dividend for FY 2025-2026
2026-09-05Shareholder meetingNotice of 13th Annual General Meeting to be held on September 30, 2026
2026-08-21UpdatesDisclosure of Filing Expression of Interest for Participation in the Corporate Insolvency Resolution Process (CIRP) of Varidhi Cotspin Private Limited...
2026-08-12Resignation of Statutory AudResignation of Statutory Auditor
2026-08-12Director changeChange in Director(s) of the company.
2026-08-12Change in ManagementAppointment of Internal Auditor of the Company.
2026-08-12Change in ManagementAppointment of Cost Auditor of the Company.
2026-08-12Board meeting outcomeOutcome of Board Meeting held on August 12, 2026.
2026-08-12Change in AuditorsChange in Auditors of the company.
2026-08-12Board meeting outcomeAxita Cotton Limited has submitted to the Exchange, Pursuant to Regulation 30, 33 and other applicable Regulations of the SEBI (Listing Obligations an...
2026-06-09General UpdatesIntimation of Grant of Stock Options under the Axita Cotton Employee Stock Option Plan 2023 ( ESOP 2023 or Scheme ) of Axita Cotton Limited ( the Co...
2026-05-28AllotmentAllotment of 178200 equity shares pursuant to the ESOP scheme of the Company.
2026-05-18Disclosure under SEBI TakeovNitinbhai Govindbhai Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-04-20Board meeting outcomeSubmission of Audited Financial Results of the Company for the quarter and financial year ended on March 31, 2026, along with the Audit Reports with u...
2026-04-20DividendBoard of Directors at its meeting held on April 20, 2026, has approved the Audited Financial Results of the Company for the quarter and financial year...
2026-04-09General UpdatesCertificate of Registration received from jurisdictional Registrar of Companies confirming Alteration in Memorandum of Association of the Company.
2026-03-25Shareholder meetingVoting results along with copy of postal ballot minutes.
2026-02-20Shareholder meetingNotice of Postal Ballot
2026-02-16General UpdatesApproval of the Allotment of Bonus Shares, in the ratio of 1:10, to eligible Members whose names appeared in the Register as on Friday, February 13, 2...
2026-02-07Shareholder meetingAxita Cotton Limited has submitted the Exchange a Outcome of Postal ballot, voting result and a copy Scrutinizers Report of Postal Ballot and Minutes...
2026-01-07Shareholder meetingNotice of Postal Ballot
2026-01-05Record DateRecord date for the purpose of Bonus is 13-Feb-2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Axita Cotton Ltd?

Axita Cotton Ltd (AXITA) has a market capitalisation of Rs 298 Cr. at the 2026-10-01 close.

What is the P/E ratio of Axita Cotton Ltd?

Axita Cotton Ltd trades at a P/E of 76.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Axita Cotton Ltd's latest quarterly results?

In the Jun 2026 quarter, Axita Cotton Ltd sales was Rs 58 Cr (-62.8% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Axita Cotton Ltd?

The 52-week high is Rs 12.20 and the 52-week low is Rs 6.57.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03