Aksh Optifibre Ltd

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AKSHOPTFBR •
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Stock Performance
52 Week Low - High
Today’s Low - High

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Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
46.18% Fall from 52W High
-6.8
TTM PE Ratio
Negative PE TTM
-1.9
Price to Book Ratio
High in industry
6.4
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
45.7
MFI
MFI is mid-range
37.5

Aksh Optifibre Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Aksh Optifibre Ltd shareholding Pattern

Promoter
25.9%
Public
74.1%
Promoter
26.1%
Public
73.8%
Promoter
26.8%
Public
73.2%
Promoter
27%
Domestic Institutions
0.1%
Public
73%
Promoter
27.2%
Public
72.8%
Promoter
28%
Public
72%
Foreign Institutions
0.1%
Foreign Institutions
0.2%
Mutual Funds
0.2%
Mutual Funds
0.1%

Aksh Optifibre Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
8.80
10Day EMA
8.80
12Day EMA
8.80
20Day EMA
8.70
26Day EMA
8.70
50Day EMA
8.80
100Day EMA
9.20
200Day EMA
9.70
5Day SMA
8.80
10Day SMA
8.90
20Day SMA
8.60
30Day SMA
8.60
50Day SMA
8.70
100Day SMA
9.10
150Day SMA
10.10
200Day SMA
10.20
Delivery & Volume
Resistance & Support
8.60
Pivot
Resistance
First Resistance
8.73
Second Resistance
8.93
Third Resistance
9.06
Support
First Support
8.40
Second support
8.27
Third Support
8.07
Relative Strength Index
45.73
Money Flow Index
37.48
MACD
0.04
MACD Signal
0.03
Average True Range
0.33
Average Directional Index
17.44
Rate of Change (21)
-0.23
Rate of Change (125)
-33.36
Peer comparison
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Company
Market Price
Market Cap
52W Low
52W High
Birla Cable Ltd.
813.3
176.05
432.55
Cords Cable Industries Ltd.
307.23
88.1
280
HFCL Ltd.
16670.08
61.52
135.4
Sterlite Technologies Ltd.
6719.92
109.8
179
Tamilnadu Telecommunications Ltd.
45.5
5.81
17.33
Vindhya Telelinks Ltd.
3168.57
1935.05
2899

Aksh Optifibre Ltd Company background

Founded in: 1986
Aksh Optifibre Limited (AOL) originally promoted by Choudhari and Navani family with Dr Kailash S Choudhari as the sole promoter, was established as a Private Limited Company on Mar. 86 in the name of Aksh India Private Limited and was converted into a Public Limited Company in Mar.94 and subsequently changed its name to Aksh Optifibre Limited . AOL originally used to manufacture and export PVC and PE Insulated Speciality Cables and later on diversified into Optical Fibre Cables. The Company is engaged in the manufacturing and selling of Optical Fibre, Optical Fibre Cable, Fibre Reinforced Plastic Rods, Impregnated Glass Roving Reinforcement and ophthalmic lens. It caters to both domestic and international markets. Apart from these, it provides the E Governance services and FTTH services.During the year 2000, the company has entered into a scheme of merger with Telecords (India) Private Ltd., as a major step towards backward integration for manufacturing FRP rods, one of the principal raw materials use to manufacture optical fibre cables and hence will be the only one in India that manufactures FRP rods as well as optical fibre.The company has initiated steps to build an additional stateoftheart facility to manufacture FRP Rods, Optical Fibre and Proof Cable at Khatushyamji Ringus and has acquired 1,88,720 sq.mtrs. of land with its installed capacity from 120,000 to 30,000 km per annum. The company believes that its capacity to manufacture FRP rods will be the highest in the world.The company is planning to expand their current capacities of optical fibre cables to 2,10,000 ckm. Fibre capacity to 53,00,000 lkm and FRP capacity to 10,00,000 km by Mar02.AOL is in the process of incorporating two whollyowned subsidiaries which will be up and running within 15 months. Of these, one subsidiary will offer telecom solutions to bandwidth owners and the other will deliver convergence solutions (addressing the fibertohome domain) through services like voice telephony, fast Internet downloads and videoondemand.The Company launched Proof Cable in revolutionizing Telecom Sector in 200102. It developed Gramdoot, a revolutionary concept designed to bridge the digital divide between rural India and the rest of world, by providing egovernance and rural convergence through an optical fibre network. The Company formed two wholly owned subsidiary Companies, namely Aksh Broadband Limited and Aksh Networks Limited during 2002. It developed a new aerial optical fibre cable called Droplite in 200405. Aksh Network Limited ceased to be subsidiary of the Company with the allotment of 1,20,000 equity shares to the persons other than the Company during 200304. It developed a New Micro Cable upto 72Fibre in 200405.In 200506, it launched a new ADSS cable for Aerial Installation a 24F Composite Micro Cable added 96 fibre micro cable to its series. In 200607, the undertaking of Aksh Broadband Ltd merged into the Company through the Scheme of Amalgamation implemented. In terms of the said Scheme, the shareholders of erstwhile Aksh Broadband Limited were allotted Equity Shares in the ratio of 7:2 shares in the Company by virtue of which, the shares got listed on the Stock Exchanges. APAKSH Broadband Limited was made a subsidiary of the Company upon merger of Aksh Broadband Limited with the Company. During the period 200709, the Fibre Draw Tower recommissioned, thereby increasing the Fibre Draw capacity to 1.6 million FKM. The Company thereafter developed Low Bend Fibre for the Fibre To The Home (FTTH) applications. It started commercially IPTV services under icontrol brand with MTNL in cities of Delhi and Mumbai and with BSNL in 20 cities of North India in the States like Punjab, Haryana, Rajasthan, Jammu Kashmir, Himachal and UP. It further promoted five 100% subsidiary companies, viz., Apaksh Broadband Limited, Aksh Technologies Limited, Aksh Infratel Limited, Aksh Net Tel Limited and SPYK Global Limited.In 200910, the Company with BSNL, started pilot project of FTTH (Fibre to the Home) services in the city of Jaipur. The manufacturing operations of the Company comprising manufacturing of Optical fibre, Optical fibre cable and FRP Rods was transferred on going concern basis, to the Wholly Owned Subsidiary, Aksh Technologies Limited, which became effective on 14th November, 2009. The Company incorporated one Wholly Owned Overseas Subsidiary, AOLFZE in Dubai, UAE in 201011. The erstwhile Aksh Technologies Limited (ATL), wholly owned subsidiary amalgamated with the Company effective on November 24, 2012. In 2013 14, the Company commissioned FRP Production Plant at JAFZA Dubai, through its wholly owned subsidiary AOLFZE, which commenced commercial production from September 15, 2014. During the year 201617, Aksh ventured on the inorganic journey by acquiring Unitape Mandovi Composites Private Limited (name changed to Aksh Composites Private Limited) in Silvassa, for expanding its FRP footprints, having a producon capacity of 2.16 Lakhs km/annum. The Company also done capacity expansion along with modernisaon in its Optical Fibre Cable (OFC) Plant located at Bhiwadi, wherein the OFC capacity increased by approximately 100%. It announced settingup Optical fibre (OF) manufacturing facility in Jebel Ali Free Tarde Zone (JAFZA), UAE with capacity of 4 Million fibre Km per annum costing Rs. 78 Crore. The erstwhile Apaksh Broadband Limited amalgamated with the Company through the Scheme of Amalgamation, which became effective on November 10, 2017, resulting, all business undertakings of erstwhile Apaksh were transferred to and vested in the Company effective April 1, 2016. The Company commissioned additional Optical Fibre Cable (OFC) at Silvassa Plant in June, 2018.
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Aksh Optifibre Ltd FAQs

The past 1-year return of Aksh Optifibre Ltd [AKSHOPTFBR] share was -11.89. The Aksh Optifibre Ltd [AKSHOPTFBR] share hit a 1-year low of Rs. 7.84 and a 1-year high of Rs. 15.85.

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