Acknit Industries Ltd

Acknit Industries Ltd (ACKNIT) is a micro-cap Textiles company valued at ₹94 crore operating in Textile Products on the NSE and BSE.

Recent price move

Acknit Industries Ltd last traded at ₹308.95, up 2.78% on the day.

Recent developments

On 2026-09-30, promoter holding was recorded at 56.13%, with no changes noted in foreign or domestic institutional holdings. The latest quarter results showed a rebound in net profit compared to the same period last year, indicating potential stabilization in the business.

Financial performance

The company's annual revenue remained flat at ₹240 crore, while annual net profit fell 9.1% to ₹8 crore. The latest quarter saw revenue rise 12.3% year-over-year to ₹62 crore, and net profit increased 27.5% to ₹2 crore, showing improvement in recent performance despite a decline in annual net profit.

Valuation multiples

The stock trades at 11.5 times earnings, 1.08 times book value. It yields 0.4%.

Things to watch

The company's net profit margin narrowed by 0.3 percentage points to 3.4%, and annual net profit declined 9.1%. The stock is 15.8% below its 52-week high, and profit growth has slowed significantly over the past three years, with a 3.1% annual decline in profit.

Where it stands

Acknit Industries Ltd ended the latest quarter with revenue of ₹62 crore and net profit of ₹2 crore, showing a strong recovery compared to the same quarter a year earlier. The company's net profit margin and annual net profit growth remain under pressure, with the stock trading below its 52-week high by 15.8%.

Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.