About Akshar Spintex
Akshar Spintex is a publicly listed company based in Jamnagar (India) founded in 2013 by Ashok S Bhalala. Various specialized yarns are manufactured by Akshar Spintex in India. The company has 28 employees. Its Indian entity Akshar Spintex Limited reported revenue of ₹121 Cr. Akshar Spintex offers products and services including Carded Yarn, Combed Yarn, Slub Yarn, Core Yarn, and TFO Yarn. Its focus areas include Chemicals and Materials and Textile Yarn. Similar companies include Gokaldas Exports, Eastman Exports and Shahi; 2 of its 3 listed similar companies have raised funding.
Company details
Akshar Spintex was founded in 2013 and is based in Jamnagar, India. Operations focus on yarn production within the textile sector, where slub yarn, core spun yarn, TFO yarn, Eli twist yarn, fancy yarn, melange yarn, blended yarn, BCI certified yarn, organic yarn, and fibers are developed. The company is led by Ashok S Bhalala as co-founder and managing director, supporting regional textile needs.
- Headquarters Jamnagar, India
- Employees 28
- Founders Ashok S Bhalala
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website aksharspintex.in
- Social LinkedIn Facebook
- Legal Name Akshar Spintex Ltd.
- Market Cap₹33.07 Cr
AKSHAR · NSE
- Share Price₹0.42
0.00% today
- Revenue₹117 Cr
FY 2025-26 · +0.4% YoY
- EBITDA−₹4.65 Cr
Margin -4.0%
- Net Profit−₹7.39 Cr
FY 2025-26 · -66.1% YoY
- Debt / Equity0.06
Interest cover -4.0x
- Employee Count28
Associated legal entities of Akshar Spintex
Akshar Spintex operates through Akshar Spintex Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akshar Spintex Limited Listed CIN L17291GJ2013PLC075677 | Active | 19 Jun 2013 | Jamnagar, Gujarat | ₹121 Cr | 28 | 7 | View details |
Products & Services of Akshar Spintex
Akshar Spintex offers a comprehensive portfolio of products and services, including Carded Yarn, Combed Yarn, Slub Yarn, Core Yarn, and TFO Yarn.
Basic yarn for everyday weaving and knitting needs.
High-quality yarn with impurities removed for fine fabrics.
Textured yarn used in casual clothing and home textiles.
Strength-enhanced yarn for durable applications in industry.
Doubled yarn for improved strength in weaving processes.
Specialized yarn for enhanced elasticity in fabrics.
Decorative yarn for unique textile designs and patterns.
Blended yarn for mixed-color effects in clothing.
Combined fiber yarn for versatile and functional uses.
Board of directors of Akshar Spintex Limited (Akshar Spintex)
Akshar Spintex Limited is the primary company behind Akshar Spintex. The board of Akshar Spintex Limited currently have 5 directors; the longest-serving is Ilaben Dineshbhai Paghdar, appointed in 2016. 27 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ilaben Dineshbhai Paghdar DIN 07591339 | Director | 16 Aug 2016 | 10 yrs 2 mo | Akshar Spintex Limited |
| Harikrushna Shamjibhai Chauhan DIN 07710106 | Whole-time director | 17 Jan 2017 | 9 yrs 9 mo | Akshar Spintex Limited |
| Rohit Bhanjibhai Dobariya DIN 08085331 | Director | 14 Mar 2018 | 8 yrs 7 mo | Akshar Spintex Limited |
| Bhavin Jayantibhai Kothiya DIN 11379649 | Director | 24 Nov 2025 | 11 mo | Akshar Spintex Limited |
| Harry Paghdar DIN 11096100 | Director | 18 Feb 2026 | 8 mo | Akshar Spintex Limited |
People of Akshar Spintex
1 people are tracked at Akshar Spintex (1 in leadership); the tracked headcount is 28.
| Name | Role | Group |
|---|---|---|
Ashok S Bhalala | Co-Founder & Managing Director | Leadership |
Complete people profiles for Akshar Spintex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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IPO & Listings of Akshar Spintex
Akshar Spintex is a publicly listed company on the NSE with ticker symbol AKSHAR in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date23 May 2022
- Listed onNSE: AKSHAR
- Listed entityAkshar Spintex Ltd.
- Exchange sectorProcess industries
- ISININE256Z01025
- Share price₹0.42 · 2026-10-14
- Market capitalisation₹33.1 Cr
- EPS (diluted, trailing year)₹-0.07
- Volume (last session)655,285
Financials of Akshar Spintex
Exchange-reported figures of Akshar Spintex Limited, the listed company behind Akshar Spintex (NSE: AKSHAR).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 117 | 117 | 175 | 136 | 172 | 110 | 109 |
| Revenue growth | +0.4% | -33.3% | +29.1% | -21.3% | +57.1% | +0.4% | - |
| EBITDA | (4.65) | (2.38) | 7.75 | (0.46) | 13.00 | 5.15 | 0.67 |
| EBITDA margin | -4.0% | -2.0% | +4.4% | -0.3% | +7.6% | +4.7% | +0.6% |
| Profit before tax | (8.10) | (5.89) | 5.01 | (4.20) | 9.67 | (0.18) | (4.62) |
| Net profit | (7.39) | (4.45) | 3.45 | (2.77) | 7.00 | 1.24 | (5.75) |
| Net profit margin | -6.3% | -3.8% | +2.0% | -2.0% | +4.1% | +1.1% | -5.3% |
| EPS (₹) | (0.09) | (0.06) | 0.12 | (1.11) | 2.81 | 0.50 | (2.29) |
| Balance sheet | |||||||
| Total assets | 86.11 | 94.35 | 63.00 | 58.42 | 69.13 | 61.47 | 63.54 |
| Net worth | 80.87 | 88.21 | 43.88 | 40.64 | 43.23 | 36.26 | 35.02 |
| Total debt | 5.03 | 5.94 | 18.98 | 17.67 | 25.64 | 25.09 | 28.27 |
| Cash & bank | 1.47 | 2.80 | 0.01 | 0.02 | 0.05 | 0.09 | 0.11 |
| Net working capital | 42.19 | 54.03 | 21.78 | 17.93 | 26.19 | 16.20 | 16.17 |
| Cash flow | |||||||
| Cash from operations | 1.81 | (31.83) | 4.77 | 9.84 | 2.92 | 6.14 | 7.79 |
| Cash from investing | (7.69) | (2.26) | (4.50) | (0.18) | (0.95) | (0.51) | (0.11) |
| Cash from financing | (1.32) | 34.62 | (0.27) | (9.69) | (2.01) | (5.66) | (7.69) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.69 | 29.93 | 34.40 | 34.35 | 22.34 | 26.19 | 30.58 | 25.97 |
| Revenue growth (YoY) | +59.8% | +14.3% | +12.5% | +32.3% | -3.7% | -29.3% | - | - |
| Other income | 0.64 | 0.57 | 1.22 | 1.62 | 0.47 | 0.50 | 0.85 | 0.39 |
| Total expenses | 33.76 | 27.74 | 33.20 | 39.42 | 22.61 | 26.71 | 31.42 | 28.22 |
| EBITDA | 1.93 | 2.19 | 1.20 | (5.07) | (0.27) | (0.52) | (0.84) | (2.25) |
| EBITDA margin | +5.4% | +7.3% | +3.5% | -14.8% | -1.2% | -2.0% | -2.7% | -8.7% |
| Depreciation | 1.94 | 1.65 | 1.74 | 1.82 | 1.69 | 1.59 | 1.16 | 1.16 |
| Interest | 0.07 | 0.07 | 0.09 | 0.10 | 0.11 | 0.12 | 0.13 | 0.28 |
| Profit before tax | 0.56 | 1.04 | 0.59 | (5.37) | (1.60) | (1.73) | (1.28) | (3.30) |
| Tax | 0.26 | 0.44 | 0.99 | (1.58) | 0.37 | (0.49) | (0.13) | (0.96) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.69 | 29.93 | 34.40 | 34.35 | 22.34 | 26.19 | 30.58 | 25.97 |
| Revenue growth (YoY) | +59.8% | +14.3% | +12.5% | +32.3% | -3.7% | -29.3% | - | - |
| Other income | 0.64 | 0.57 | 1.22 | 1.62 | 0.47 | 0.50 | 0.85 | 0.39 |
| Total expenses | 33.76 | 27.74 | 33.20 | 39.42 | 22.61 | 26.71 | 31.42 | 28.22 |
| EBITDA | 1.93 | 2.19 | 1.20 | (5.07) | (0.27) | (0.52) | (0.84) | (2.25) |
| EBITDA margin | +5.4% | +7.3% | +3.5% | -14.8% | -1.2% | -2.0% | -2.7% | -8.7% |
| Depreciation | 1.94 | 1.65 | 1.74 | 1.82 | 1.69 | 1.59 | 1.16 | 1.16 |
| Interest | 0.07 | 0.07 | 0.09 | 0.10 | 0.11 | 0.12 | 0.13 | 0.28 |
| Profit before tax | 0.56 | 1.04 | 0.59 | (5.37) | (1.60) | (1.73) | (1.28) | (3.30) |
| Tax | 0.26 | 0.44 | 0.99 | (1.58) | 0.37 | (0.49) | (0.13) | (0.96) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 117 | 117 | 175 | 136 | 172 | 110 | 109 |
| Revenue growth | +0.4% | -33.3% | +29.1% | -21.3% | +57.1% | +0.4% | - |
| Other income | 3.81 | 2.28 | 2.96 | 2.39 | 3.46 | 1.34 | 1.99 |
| Total expenses | 122 | 119 | 167 | 136 | 159 | 104 | 108 |
| Employee cost | 0.00 | 5.39 | 4.81 | 5.05 | 7.50 | 4.73 | 5.61 |
| EBITDA | (4.65) | (2.38) | 7.75 | (0.46) | 13.00 | 5.15 | 0.67 |
| EBITDA margin | -4.0% | -2.0% | +4.4% | -0.3% | +7.6% | +4.7% | +0.6% |
| Depreciation | 6.85 | 4.64 | 4.34 | 4.27 | 4.21 | 4.14 | 4.10 |
| Interest | 0.41 | 1.15 | 1.36 | 1.86 | 2.58 | 2.53 | 3.18 |
| Profit before tax | (8.10) | (5.89) | 5.01 | (4.20) | 9.67 | (0.18) | (4.62) |
| Tax | (0.71) | (1.43) | 1.56 | (1.43) | 2.64 | (1.42) | 1.13 |
| Net profit | (7.39) | (4.45) | 3.45 | (2.77) | 7.00 | 1.24 | (5.75) |
| Net profit margin | -6.3% | -3.8% | +2.0% | -2.0% | +4.1% | +1.1% | -5.3% |
| EPS (₹) | (0.09) | (0.06) | 0.12 | (1.11) | 2.81 | 0.50 | (2.29) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 78.75 | 78.75 | 30.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Reserves & surplus | 2.12 | 9.46 | 13.88 | 15.64 | 18.23 | 11.26 | 10.02 |
| Shareholders' funds (net worth) | 80.87 | 88.21 | 43.88 | 40.64 | 43.23 | 36.26 | 35.02 |
| Secured loans | 1.66 | 3.62 | 12.53 | 11.20 | 13.17 | 14.08 | 16.75 |
| Unsecured loans | 3.37 | 2.32 | 6.45 | 6.47 | 12.47 | 11.01 | 11.52 |
| Total debt | 5.03 | 5.94 | 18.98 | 17.67 | 25.64 | 25.09 | 28.27 |
| Total liabilities | 86.11 | 94.35 | 63.00 | 58.42 | 69.13 | 61.47 | 63.54 |
| Assets | |||||||
| Gross block | 81.35 | 78.75 | 76.60 | 71.99 | 71.76 | 70.53 | 70.01 |
| Net block | 39.77 | 37.21 | 39.44 | 39.17 | 43.21 | 46.08 | 49.70 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.31 |
| Inventories | 38.82 | 42.74 | 24.10 | 17.38 | 33.18 | 15.64 | 9.97 |
| Sundry debtors | 5.13 | 7.73 | 5.03 | 12.13 | 1.04 | 3.14 | 4.55 |
| Cash & bank balances | 1.47 | 2.80 | 0.01 | 0.02 | 0.05 | 0.09 | 0.11 |
| Loans & advances | 6.42 | 4.53 | 3.04 | 6.43 | 14.57 | 6.50 | 8.15 |
| Total current assets | 51.84 | 57.80 | 32.18 | 35.96 | 48.84 | 25.37 | 22.78 |
| Total current liabilities | 9.65 | 3.77 | 10.40 | 18.03 | 22.65 | 9.17 | 6.61 |
| Net working capital | 42.19 | 54.03 | 21.78 | 17.93 | 26.19 | 16.20 | 16.17 |
| Total assets | 86.11 | 94.35 | 63.00 | 58.42 | 69.13 | 61.47 | 63.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.80 | 0.01 | 0.02 | 0.05 | 0.09 | 0.11 | 0.13 |
| Net cash from operating activities | 1.81 | (31.83) | 4.77 | 9.84 | 2.92 | 6.14 | 7.79 |
| Net cash from investing activities | (7.69) | (2.26) | (4.50) | (0.18) | (0.95) | (0.51) | (0.11) |
| Net cash from financing activities | (1.32) | 34.62 | (0.27) | (9.69) | (2.01) | (5.66) | (7.69) |
| Net change in cash | (7.19) | 0.54 | (0.01) | (0.03) | (0.04) | (0.02) | (0.02) |
| Closing cash | 1.47 | 2.80 | 0.01 | 0.02 | 0.05 | 0.09 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +0.4% | -33.3% | +29.1% | -21.3% | +57.1% | +0.4% | - |
| EBITDA growth | -95.4% | -130.7% | +1784.8% | -103.5% | +152.4% | +668.7% | - |
| PBT growth | -37.7% | - | +9998.0% | - | +9998.0% | +96.1% | - |
| Net income growth | -66.1% | -229.0% | +224.6% | -139.6% | +464.5% | +121.6% | - |
| Revenue CAGR (3Y) | -4.7% | -12.1% | +16.9% | +7.5% | +19.6% | +5.6% | +8.2% |
| EBITDA CAGR (3Y) | +115.6% | - | +14.6% | - | +29.2% | -13.0% | -57.9% |
| Profitability & leverage | |||||||
| Net income margin | -6.3% | -3.8% | +2.0% | -2.0% | +4.1% | +1.1% | -5.3% |
| Return on capital employed | 0.0% | -6.0% | +10.5% | -3.7% | +18.8% | +3.8% | -2.1% |
| Return on net worth | 0.0% | -6.7% | +8.2% | -6.6% | +17.7% | +3.5% | -15.1% |
| Debt / equity | 0.06 | 0.19 | 0.43 | 0.52 | 0.64 | 0.75 | 0.81 |
| Long-term debt / equity | 0.04 | 0.10 | 0.20 | 0.24 | 0.32 | 0.37 | 0.42 |
| Interest cover | -4.01 | -16.38 | 39.88 | -39.32 | 29.35 | 250.50 | -92.71 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.47 | 1.50 | 2.35 | 1.89 | 2.42 | 1.56 | 1.61 |
| Inventory turnover | 2.88 | 3.49 | 8.44 | 5.36 | 7.05 | 8.55 | 9.43 |
| Debtors turnover | 18.24 | 18.30 | 20.39 | 20.58 | 82.35 | 28.49 | 22.80 |
| EPS (₹) | (0.09) | (0.06) | 0.12 | (1.11) | 2.81 | 0.50 | (2.29) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 1.03 | 1.12 | 1.46 | 16.26 | 17.29 | 14.50 | 14.01 |
Similar companies to Akshar Spintex
Akshar Spintex has 3 listed similar companies in our database, 2 of them funded. They include Gokaldas Exports, Eastman Exports and Shahi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gokaldasexports.com | 1979 | Bengaluru, India | 7,111 | Apparel and clothing are manufactured and exported on contract. | ||
| eastmanexports.com | 2003 | Tiruppur, India | $57.97M | 4,956 | Apparel products are manufactured under contract in India. | |
| shahi.co.in | 1974 | Faridabad, India | $18.61M | 27,538 | Garments are contract-manufactured by Shahi in apparel production. |
Detailed similar companies of Akshar Spintex
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Web traffic of Akshar Spintex
The website of Akshar Spintex (aksharspintex.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 4.6% vs previous month
Top companies in Textile & Yarn Production
3 companies that operate in the same segment as Akshar Spintex (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | USD 246.88 M | 2,472 | ||
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | USD 18.65 B | 47,020 | ||
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | USD 253.24 M | 8,060 |
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Frequently Asked Questions about Akshar Spintex
Akshar Spintex was founded in 2013.
Akshar Spintex is headquartered in Jamnagar, India. It is registered at Jamnagar, Gujarat, India.
Akshar Spintex has 28 employees.
The primary company behind Akshar Spintex, Akshar Spintex Limited, reported revenue of ₹121 Cr for FY 2026, down 0% year on year.
Akshar Spintex was founded in 2013 and is based in Jamnagar, India. Operations focus on yarn production within the textile sector, where slub yarn, core spun yarn, TFO yarn, Eli twist yarn, fancy yarn, melange yarn, blended yarn, BCI certified yarn, organic yarn, and fibers are developed. The company is led by Ashok S Bhalala as co-founder and managing director, supporting regional textile needs.
Akshar Spintex's top competitors include Gokaldas Exports, Shahi and Eastman Exports.
Akshar Spintex offers Carded Yarn, Combed Yarn, Slub Yarn, Core Yarn, and 5 more products and services.
Yes, Akshar Spintex is publicly traded on NSE under the ticker symbol AKSHAR.
Akshar Spintex operates through Akshar Spintex Limited.
The legal entities of Akshar Spintex currently have 7 directors, including Harikrushna Shamjibhai Chauhan, Ilaben Dineshbhai Paghdar, Rohit Bhanjibhai Dobariya and others.