Acknit Industries (BSE: ACKNIT) had a P/E of 11.3× on 6 Nov 2026, below the industry P/E of 35.5×, and the shares are 10% below their 52-week high. It earns ROCE of 13% and ROE of 9.0%, and sales grew 0.6% a year over 3 years while net profit fell 3.2%. Its dividend yield is 0.5%, and debt is 0.74× equity. It is a small-cap company with a market cap of ₹98 Cr, ranked 17th of 27 Footwear & Accessories companies by market cap; the shares rose 0.4% over the past year.
- ₹309.00
- ₹349.80
- ₹309.00
- ₹305.30
- 107
Health check
- ReturnsAhead
+0.4% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 11.3 vs industry 35.5.
- GrowthSlow
Sales +0.6%, profit −3.2% a year over 3 years.
- ProfitabilityAverage
ROCE 13.2% vs peer median 15.5%.
- Balance sheetFair
Debt 0.74× equity, interest covered 4.0×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹98 Cr
- Small cap
- P/E
- 11.3
- Industry 35.5
- Price to book
- 1.03
- Peers 6.00
- Dividend yield
- 0.47%
- ROE
- 9.0%
- Peers 10.9%
- ROCE
- 13.2%
- Peers 15.5%
- Debt to equity
- 0.74
- Debt ₹71 Cr
- EPS (TTM)
- ₹28.48
- OPM (TTM)
- 7.5%
- Net margin 3.5%
- Sales growth
- +12.3%
- Latest quarter vs a year ago
- Profit growth
- +27.8%
- Latest quarter vs a year ago
- Price to sales
- 0.39
- EV/EBITDA 9.1
Strengths and risks
Strengths
- Quarterly profit up 27.8% on a year ago.
- P/E of 11.3 against an industry P/E of 35.5.
About Acknit Industries
Acknit Industries Limited manufactures and sells industrial gloves and garments in India. It operates through four segments: Industrial Hand Gloves, Garments, Power Generation, and Other & Traded Items. The company offers head protection, such as chin strap, inner fitting, safety cap and hood, safety helmet, and sweatband; ear muffs, body protection, including basic, image, protective, reflective, uniform, and workwear; fall protection, comprising body…
- Headquarters
- Kolkata
- Employees
- 131
- Sector
- Consumer Cyclical
- ISIN
- INE326C01017
- Website
- acknitindia.com
Price range
- Avg volume (3M)
- 728
- 1-year return
- plus 0.4%
- From 52-week high
- minus 10.1%
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| ACKNITAcknit Industries | 321.00 | plus 5.14% | 98 | 11.3 | 1.03 | 13.2% | 9.0% | 7.5% | 0.6% | −3.2% | 0.47% | plus 0.4% |
| Median of 7 peers | – | −0.91% | 6,052 | 39.5 | 6.00 | 15.5% | 10.9% | 9.6% | 6.1% | 6.9% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 55.2 | 66.8 | 51.5 | 66.9 | 62.1 | |
| 51.3 | 63.1 | 47.8 | 60.5 | 57.2 | |
| 3.9 | 3.7 | 3.7 | 6.4 | 4.9 | |
| 7.1% | 5.5% | 7.1% | 9.5% | 7.9% | |
| 0.1 | 0 | 0 | 0.2 | 0 | |
| 1 | 1 | 1 | 0.9 | 1.1 | |
| 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | |
| 2.3 | 1.9 | 1.9 | 4.8 | 2.9 | |
| 25.6% | 26.4% | 23.2% | 24.9% | 25.7% | |
| 1.7 | 1.4 | 1.5 | 3.6 | 2.2 | |
| 5.62 | 4.63 | 4.79 | 11.89 | 7.17 |
Profit & loss
- Sales CAGR 3Y
- +0.6%
- Profit CAGR 3Y
- −3.2%
- EPS CAGR 3Y
- −3.2%
- ROE
- 9.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 229 | 221 | 231 | 234 | |
| – | minus 3.8% | +4.6% | +1.2% | |
| 213 | 205 | 215 | 215 | |
| 16.8 | 15.2 | 15.6 | 18.8 | |
| 7.3% | 6.9% | 6.7% | 8.1% | |
| 1.1 | 1.6 | 2.6 | −1.1 | |
| 2.3 | 2 | 2.7 | 3.6 | |
| 3.3 | 3.3 | 3.3 | 3.2 | |
| −0.1 | −0 | 0 | −0 | |
| 12.1 | 11.5 | 12.1 | 10.9 | |
| 25.7% | 25.4% | 25.9% | 25.0% | |
| 9 | 8.6 | 9 | 8.2 | |
| – | minus 5.2% | +5.2% | minus 9.0% | |
| 29.67 | 28.13 | 29.59 | 26.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3 | 3 | 3 | |
| 67.4 | 75.8 | 84.3 | 92.1 | |
| 43 | 58.6 | 58.6 | 70.7 | |
| 19.2 | 18.2 | 24.1 | 22.5 | |
| 133 | 156 | 170 | 188 | |
| 37.1 | 38.3 | 41.9 | 51.8 | |
| 0 | 3.6 | 7.1 | 4.4 | |
| 0 | 0.3 | 0.3 | 0 | |
| 0.7 | 0.8 | 0.2 | 0.6 | |
| 94.7 | 113 | 121 | 132 | |
| 133 | 156 | 170 | 188 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.4 | −8.5 | 10.1 | 4.7 | |
| −3 | −3.9 | −7.2 | −12.3 | |
| −22.3 | 12.7 | −3.3 | 7.7 | |
| 0.1 | 0.3 | −0.5 | 0.1 | |
| −3.3 | −4.5 | −7.4 | −13.1 | |
| 22.1 | −13.1 | 2.6 | −8.4 | |
| −0.5 | −0.5 | −0.5 | −0.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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