Axita Cotton Ltd (AXITA)

Axita Cotton's Accrual Ratio Bodes Poorly for Future Profitability - 01 May, 2024

Axita Cotton Limited's accrual ratio of 0.56 for the year to March 2024 indicates poor future profitability, as it didn't produce any free cash flow despite reporting a profit of ₹203.4m and burning through ₹135m in the last year. However, its EPS growth over the last three years has been impressive.

Axita Cotton Q4 Revenue Up 75.59%, Profit Down 11.54% YoY - 25 Apr, 2024

Axita Cotton's Q4 revenue increased by 75.59% YoY, while profit decreased by 11.54%. Compared to the previous quarter, revenue declined by 16.93% and profit increased by 58.02%. The EPS for Q4 was ₹0.19, down 11.93% YoY. Axita Cotton delivered a return of 6.67% in the last week, 17% in the last six months, and -6.8% YTD.

Axita Cotton's March 2024 Net Sales Up by 75.59% - 24 Apr, 2024

Axita Cotton reported a YoY increase of 75.59% in net sales for March 2024, with quarterly net profit at Rs. 4.95 crore, down 11.54%. The stock closed at Rs. 24.00 on April 23, 2024 (NSE), providing returns of 17.02% over the last six months and -57.45% over the last twelve months.

Axita Cotton's Impressive ROE and Net Income Growth - 06 Apr, 2024

Axita Cotton Ltd has an impressive ROE of 36% compared to the industry average of 7.4%. The company has seen a net income growth of 61% over the past five years, higher than the industry's growth rate of 17%. With a low three-year median payout ratio of 6.4%, the company is reinvesting profits heavily to grow its business, which could have a positive impact on its share price.