BSE: 530043
ACKNIT INDUSTRIES LTD.
Makes and sells industrial safety products led by hand gloves, alongside readymade garments, traded items, and a small wind-power operation. In FY26, hand gloves were the largest revenue contributor at Rs 126.92 crore, followed by garments at Rs 89.69 crore, traded and other items at Rs 23.51 crore, and power generation at Rs 0.30 crore. The business is broadening its safety-products range into helmets (commercial production begun), leather goods (5,000 sq. mt. allotted at Kolkata Leather Complex), and PPE at a Falta III facility, with garment trial production targeting 50% capacity by September 2026. A new factory unit at Barasat-Madhyamgram in North 24 Parganas was inaugurated on 22 February 2026. In late 2025, the objects clause was widened to permit retail chain stores for safety products and PPE, R&D in safety gear, and energy generation from both conventional and non-conventional sources. Materials are the largest input cost at 57.6% of FY26 revenue, with employee cost at 3.4% and other operating expenses at 29.1%. The Board is reviewing whether to continue in wind power as the windmill nears end of life. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hand Gloves, Garment, Others & traded items, Power Generation. Multi-segment manufacturing in industrial safety products, garments and traded items, with nascent expansion into helmets, leather goods and PPE
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 217 | 238 | 221 | 240 | 240 |
| EBITDA (ex other income) | 16 | 18 | 17 | 18 | 18 |
| margin % | 7.1 | 7.6 | 7.7 | 7.5 | 7.3 |
| Owners' profit | 8 | 9 | 9 | 9 | 8 |
| EPS, as reported (₹) | 26.11 | 29.67 | 28.13 | 29.59 | 26.92 |
| ROE % · ROCE % | 12.9 · 20.1 | 12.8 · 20.5 | 10.9 · 17.0 | 10.3 · 16.6 | 8.6 · 13.5 |
| Debt / equity (x) | 1.01 | 0.61 | 0.74 | 0.67 | 0.74 |
| Cash from operations | (8) | 25 | (9) | 10 | 5 |
| Capex | (6) | (3) | (5) | (7) | (13) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 62 | 55 | 65 | 55 | 67 | 51 | 67 |
| Profit before tax | 3 | 3 | 2 | 4 | 2 | 2 | 2 | 5 |
| Net profit | 2 | 2 | 2 | 3 | 2 | 1 | 1 | 4 |
| EPS (₹) | 6.53 | 6.83 | 5.83 | 10.40 | 5.62 | 4.63 | 4.79 | 11.89 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Hand Gloves | 127 | 52.8 |
| Garment | 90 | 37.3 |
| Power Generation | 0 | 0.1 |
| Others & traded items | 24 | 9.8 |
| Total, before eliminations | 240 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.7 | 16.8 | 59 of 179 | 67% |
| P/B | 0.9 | 1.1 | 77 of 185 | 59% |
| ROCE | 9.9 | 4.3 | 55 of 215 | 75% |
| ROE | 8.6 | 4.7 | 57 of 188 | 70% |
| Debt / Equity | 0.7 | 0.4 | 130 of 188 | 31% |
| EBITDA margin | 9.8 | 9.8 | 100 of 198 | 50% |
| Revenue growth | 2.1 | 6.9 | 109 of 192 | 44% |
| Profit growth | 14.3 | 20.0 | 114 of 203 | 44% |
| Market cap | 88 | 61 | 96 of 223 | 57% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed for Q2 and half year results, from 1 October 2026 | compliance | minimal | — | — |
| 17 Sept 2026 · Acknit Industries: three Independent Directors appointed or re-appointed | management changes | medium | — | — |
| 17 Sept 2026 · Acknit Industries 36th AGM: All 6 resolutions passed, Re 1.50 dividend declared | board shareholder meetings | low | — | — |
| 16 Sept 2026 · 36th AGM held; 6 resolutions tabled including Rs 1.50 per share dividend | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Acknit withdraws Independent Director re-appointment resolution from 36th AGM | compliance | minimal | — | — |
| 26 Aug 2026 · Withdrawal of re-appointment resolution for Independent Director | management changes | medium | — | — |
| 26 Aug 2026 · Independent Director Mr. Shankar Lal Bajaj passes away | management changes | high | — | — |
| 25 Aug 2026 · Acknit Industries: 36th AGM Notice Published in Newspapers | compliance | minimal | — | — |
| 20 Aug 2026 · Book closure for Rs.1.50 dividend at 36th AGM on Sept 16 | corporate actions | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.