Axita Cotton Ltd

NSE
AXITA •
BUY

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1M Return

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6M Return

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1Y Return

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Start SIP in Axita Cotton Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
61.69% Fall from 52W High
-3.5
TTM PE Ratio
Above industry Median
29.7
Price to Book Ratio
High in industry
11.9
Dividend yield 1yr %
Low in industry
0.3
TTM PEG Ratio
PEG TTM is much higher than 1
1.6
RSI
RSI is mid-range
38.2
MFI
MFI is mid-range
62.8

Axita Cotton Ltd shareholding Pattern

Promoter
64.8%
Foreign Institutions
0.5%
Public
34.8%

Axita Cotton Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
3
Bearish Moving Averages
13
5Day EMA
23.90
10Day EMA
24.10
12Day EMA
24.20
20Day EMA
24.60
26Day EMA
24.90
50Day EMA
25.30
100Day EMA
25.00
200Day EMA
24.90
Delivery & Volume
Resistance & Support
23.83
Pivot
Resistance
First Resistance
24.17
Second Resistance
24.48
Third Resistance
24.82
Support
First Support
23.52
Second support
23.18
Third Support
22.87
Relative Strength Index
38.22
Money Flow Index
62.84
MACD
-0.74
MACD Signal
-0.76
Average True Range
1.02
Average Directional Index
18.92
Rate of Change (21)
-10.84
Rate of Change (125)
20.45

Axita Cotton Ltd Company background

Founded in: 2013
Managing director: Nitinbhai Govindbhai Patel
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 87,600 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 Shankar6 and MCU5/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 20162017 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.
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Axita Cotton Ltd FAQs

Axita Cotton Ltd shares are currently priced at 23.85 on NSE and 23.93 on BSE as of 3/1/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Axita Cotton Ltd [AXITA] share was -40.06. The Axita Cotton Ltd [AXITA] share hit a 1-year low of Rs. 18.56 and a 1-year high of Rs. 62.25.

The market cap of Axita Cotton Ltd is Rs. 622.2 Cr. as of 3/1/2024 12:00:00 AM.

The PE ratios of Axita Cotton Ltd is 29.91 as of 3/1/2024 12:00:00 AM.

The PB ratios of Axita Cotton Ltd is 10.72 as of 3/1/2024 12:00:00 AM

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