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Axita Cotton Share Price

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NSEBSE

22.650.15 (0.67%)

12:00 AM,16th Apr 2024

22.670.04 (0.18%)

12:00 AM,16th Apr 2024

BSE : 542285

NSE : AXITA

Sector : Industrials

ISIN Code : INE02EZ01022

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Last Updated: Apr 16 2024 | 12:00 AM IST

Market Cap (₹ Cr)

590

Turnover (₹ Cr)

0.26

Volume (Shares)

1146959

Face Value

1

52-WK High

62.25

52-WK High Date

28 Apr 2023

52-WK Low

18.56

52-WK Low Date

19 May 2023

All Time High

62.25

All Time High Date

28 Apr 2023

All Time Low

12.75

All Time Low Date

21 Jun 2022

Axita Cotton Ltd

Axita Cotton Limited was incorporated as private limited company with the name 'Axita Cotton Private Limited' at Ahmedabad on July 16 2013. Consequent up on the conversion of the Company from Private Limited Company to Public Limited Company the name of the Company was changed to 'Axita Cotton Limited' on October 15 2018.Before incorporating the company the Promoters Mr. Nitinbhai Govindbhai Patel and Mr. Amitkumar Govindbhai Patel along with other relatives started business under a Partnership Firm named Aditya Oil Industries ('firm') in the year 2007. It was formed to start business of production and trading of Seed cotton ('Kapas') Cotton Seed Cotton Seed Oil Cotton cake etc and for which land admeasuring area of 5708 Square Meters was acquired at Chattral Kadi Road Mehsana. There were 6 oil expeller installed for producing cotton seed oil in Aditya Oil Industries and the firm has an annual capacity of producing approximately 3153.6 MT/ Per annum of cotton seed oil. After two years firm was successful in making good profits from production and selling cotton seed oil promoters expanded business by adding corn oil to their product portfolio by installing machineries for corn oil production in the same space of land. In the year 2011 firm acquired land adjacent to existing land at Kadi and set up the cotton Ginning and Pressing Plant having installed capacity of processing 26280 MT/ Per annum of seed cotton. After gaining experience of 2 years in cotton industry the promoters acquired land admeasuring area of 9961 Square Meteres at Survey No. 324 357 358 Kadi Thol Road Borisana Kadi Mahesana and floated the company in the year 2013. The company was established with the main aim of conducting business of Ginning and Pressing of seed cotton ('Kapas'). The Company has installed 48 Ginning and Pressing machines which is having capacity of processing 87600 MT/Per annum of seed cotton. This plant is equipped with modern and automatic plant and machinery. The Company is producing cotton bales and cotton seeds. It is producing mainly two varieties of cotton bales namely Shankar-6 and MCU-5/MECH. The production facility of the Company is situated at Kadi in Mahesana District of Gujarat state which is close to the rich cotton growing areas of Maharashtra Saurashtra and other regions of Gujarat. The Company is also engaged in the business of trading of Kapas cotton bales and cotton seeds. It is also doing ginning and pressing of Kapas on job work basis. It is ISO 9001:2015 certified company by OCI (Optimum Certifications INC.). It is also member of Better Cotton Initiatives (Independent Organization) which promotes better standards in cotton farming and practices across various countries. The Company is also registered under Textile Certification Global Organic Textile Standard (GOTS) Standard. Then after in 2015 under leadership of one of the Promoter - Mr. Kushal Nitinbhai Patel started exporting its products through merchandise exporters. From Financial year 2016-2017 onwards the company also commenced exporting its products directly to few countries namely Pakistan Bangladesh and Vietnam. During the FY 2016 the promoters again floated a new private limited company named Axita Exports Private Limited ('AEPL') a group company which was incorporated with the aim of exporting of cotton bales to various countries. AEPL exports cotton bales in Bangladesh Vietnam China and Pakistan purchased from Axita Cotton and also exports locally purchased cotton bales from other suppliers.

Axita Cotton Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

590

EPS - TTM (₹) [S]

0.80

P/E Ratio (X) [S]

10.16

Face Value (₹) 1
Latest Dividend (%)10.00
Latest Dividend Date 17 Nov 2023
Dividend Yield (%) -
Book Value Share (₹) [S]2.23
P/B Ratio (₹) [S]10.16
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

22.55

22.90

Week Low/High

22.35

24.00

Month Low/High

20.85

25.00

Year Low/High

18.56

62.00

All time Low/High

1.27

62.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.08%-1.95%-2.33-2.19%
1 Month3.28%3.42%0.410.57%
3 Month-25.98%-26.22%-0.250.52%
6 Month13.31%13.31%10.2412.24%
1 Year-55.39%-55.36%20.7124.23%
3 Year1021.29%%49.3851.51%

Company Info

Company Information

Independent Director : Vinod Rana

Independent Director : Apeksha Vyas

Independent Director : Dixit Dipakkumar Shah

Registered Office: Survey No 324357358, Kadi Thol Road Borisana Kadi,Mahesana,Gujarat-382715 Ph: 91-63587 47514

Email:cs@axitacotton.com

URL:http://www.axitacotton.com