Axita Cotton Ltd

BSE
AXITA •
BUY

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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 %
40.42% Fall from 52W High
-9.3
TTM PE Ratio
Above industry Median
27.1
Price to Book Ratio
High in industry
8.5
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is much higher than 1
1.4
RSI
RSI is mid-range
41.4
MFI
MFI is mid-range
35

Axita Cotton Ltd shareholding Pattern

Promoter
62.8%
Foreign Institutions
0.5%
Public
36.8%
Promoter
64.8%
Foreign Institutions
0.5%
Public
34.8%
Promoter
70%
Foreign Institutions
5.3%
Public
24.7%
Promoter
70%
Foreign Institutions
3.4%
Public
26.6%
Promoter
69.6%
Foreign Institutions
12.4%
Public
17.9%
Promoter
69.6%
Foreign Institutions
11.6%
Public
18.7%

Axita Cotton Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
21.20
10Day EMA
21.30
12Day EMA
21.30
20Day EMA
21.40
26Day EMA
21.50
50Day EMA
21.80
100Day EMA
22.40
200Day EMA
23.20
5Day SMA
21.20
10Day SMA
21.40
20Day SMA
21.60
30Day SMA
21.30
50Day SMA
21.60
100Day SMA
22.40
150Day SMA
24.00
200Day SMA
23.20
Delivery & Volume
Resistance & Support
21.19
Pivot
Resistance
First Resistance
21.34
Second Resistance
21.58
Third Resistance
21.73
Support
First Support
20.95
Second support
20.80
Third Support
20.56
Relative Strength Index
41.39
Money Flow Index
34.98
MACD
-0.12
MACD Signal
-0.10
Average True Range
0.50
Average Directional Index
11.33
Rate of Change (21)
-1.72
Rate of Change (125)
-33.26
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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. The Company is engaged in the business of manufacturing, trading, processing and finishing of cotton bales.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 in 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 Meters at Kadi, Mahesana and floated the company in 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 cotton growing areas of Maharashtra, Saurashtra and other regions of Gujarat. 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. In 2021, the Company entered into Sustainable Cotton Farming. In 202223, the Company introduced Cotton Yarn in the Product basket.
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Axita Cotton Ltd FAQs

The past 1-year return of Axita Cotton Ltd [AXITA] share was 7.71. The Axita Cotton Ltd [AXITA] share hit a 1-year low of Rs. 19.02 and a 1-year high of Rs. 35.39.

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