Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹310Cr
Rev Gr TTM
Revenue Growth TTM
-43.25%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

AXITA
VS
| Quarter | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 11.4 | 323.3 | 103.4 | 81.0 | -32.0 | -66.5 | -14.1 | -36.7 | 1.1 | -51.3 | -60.8 | -56.4 |
| 221 | 379 | 262 | 214 | 149 | 129 | 231 | 142 | 157 | 63 | 85 | 65 |
Operating Profit Operating ProfitCr |
| 3.1 | 2.2 | 1.4 | 3.3 | 3.7 | 0.8 | -1.2 | -1.9 | -0.1 | 0.7 | 5.5 | -6.8 |
Other Income Other IncomeCr | 1 | 1 | 1 | 0 | 0 | 0 | 2 | 0 | 3 | 0 | 0 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | 9 | 4 | 7 | 5 | 1 | -1 | -3 | 2 | 0 | 4 | -4 |
| 2 | 2 | 1 | 2 | 1 | 0 | 0 | -1 | 0 | 0 | 2 | -1 |
|
Growth YoY PAT Growth YoY% | 29.2 | 184.3 | -33.4 | -11.6 | -38.4 | -90.3 | -139.0 | -137.6 | -54.5 | -93.7 | 313.1 | -25.8 |
| 2.5 | 1.7 | 1.2 | 2.2 | 2.3 | 0.5 | -0.5 | -1.3 | 1.0 | 0.1 | 2.9 | -3.8 |
| 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | -0.1 | 0.1 | 0.0 | 0.1 | -0.1 |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
|
| | 73.2 | 127.0 | 27.7 | 32.1 | -33.0 | 101.1 | -40.8 | -43.3 |
| 120 | 210 | 481 | 610 | 808 | 525 | 1,075 | 651 | 369 |
Operating Profit Operating ProfitCr |
| 2.3 | 1.4 | 0.8 | 1.5 | 1.2 | 4.2 | 2.5 | 0.2 | 0.3 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 13 | 2 | 2 | 2 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 3 | 3 | 2 | 1 | 1 | 1 | 2 |
Depreciation DepreciationCr | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 5 | 20 | 23 | 27 | 2 | 3 |
| 0 | 0 | 0 | 2 | 5 | 6 | 7 | 0 | 1 |
|
| | -60.2 | -23.4 | 957.0 | 312.8 | 10.5 | 19.4 | -94.6 | 73.8 |
| 0.9 | 0.2 | 0.1 | 0.6 | 1.9 | 3.1 | 1.9 | 0.2 | 0.5 |
| 4.6 | 0.0 | 0.0 | 0.1 | 0.4 | 0.4 | 0.5 | 0.0 | 0.1 |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Equity Capital Equity CapitalCr | 3 | 7 | 13 | 13 | 20 | 20 | 26 | 35 | 38 |
| 1 | 11 | 5 | 9 | 17 | 33 | 38 | 28 | 27 |
Current Liabilities Current LiabilitiesCr | 18 | 20 | 46 | 84 | 73 | 22 | 29 | 12 | 20 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 0 | 0 | 1 | 0 | 6 | 5 | 1 | 1 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 18 | 34 | 61 | 104 | 105 | 70 | 88 | 66 | 66 |
Non Current Assets Non Current AssetsCr | 4 | 4 | 3 | 3 | 4 | 11 | 10 | 11 | 19 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 | -11 | 6 | 4 | 9 | 7 | -13 | 45 | 1 |
Investing Cash Flow Investing Cash FlowCr | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -11 | -11 |
Financing Cash Flow Financing Cash FlowCr | 0 | 11 | -3 | -2 | -16 | -2 | 10 | -30 | 15 |
|
Free Cash Flow Free Cash FlowCr | 0 | -11 | 6 | 4 | 8 | 6 | -14 | 45 | |
| 44.5 | -2,397.6 | 1,667.4 | 102.5 | 60.9 | 42.6 | -64.9 | 4,157.4 | 52.1 |
CFO To EBITDA CFO To EBITDA% | 18.2 | -368.3 | 151.5 | 42.4 | 97.3 | 31.9 | -48.9 | 3,079.1 | 100.0 |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 53 | 72 | 53 | 284 | 1,117 | 545 | 348 | 329 |
Price To Earnings Price To Earnings | 0.0 | 116.0 | 203.7 | 14.3 | 18.4 | 65.3 | 26.8 | 333.3 | 173.1 |
Price To Sales Price To Sales | 0.0 | 0.3 | 0.1 | 0.1 | 0.3 | 2.0 | 0.5 | 0.5 | 0.9 |
Price To Book Price To Book | 0.0 | 3.0 | 4.0 | 2.4 | 7.8 | 21.4 | 8.5 | 5.5 | 5.1 |
| 5.6 | 22.4 | 21.4 | 6.3 | 29.1 | 49.0 | 20.9 | 229.1 | 333.4 |
Profitability Ratios Profitability Ratios |
| 5.0 | 4.6 | 5.3 | 15.1 | 6.9 | 7.7 | 4.0 | 2.2 | 4.3 |
| 2.3 | 1.4 | 0.8 | 1.5 | 1.2 | 4.2 | 2.5 | 0.2 | 0.3 |
| 0.9 | 0.2 | 0.1 | 0.6 | 1.9 | 3.1 | 1.9 | 0.2 | 0.5 |
| 15.2 | 7.6 | 10.8 | 24.8 | 60.5 | 40.0 | 31.3 | 3.9 | 5.7 |
| 30.2 | 2.6 | 1.9 | 17.1 | 42.5 | 32.5 | 31.5 | 1.7 | 2.9 |
| 5.1 | 1.2 | 0.6 | 3.5 | 14.2 | 21.1 | 20.7 | 1.4 | 2.2 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Axita Cotton Limited, incorporated in 2013 and headquartered in Ahmedabad, Gujarat, is a leading manufacturer, exporter, and trader of premium cotton products. The company is listed on both the **BSE Main Board** and **NSE**, reflecting its strong market presence and regulatory compliance. With a vertically integrated and diversified agri-business model, Axita Cotton operates across ginning, manufacturing, trading, and job work services in cotton and allied agri-commodities.
---
### **Core Business Segments**
Axita Cotton operates across three primary verticals:
1. **Manufacturing**
- Ginning and pressing of *Kapas* (seed cotton) to produce:
- **Cotton bales** (conventional and organic)
- **Cotton seeds**
- **Cotton yarns**
- Key cotton varieties: *Shankar-6*, *MCU-5/MECH*, *V-797*, *DCH-32*, and *J-34*.
- Organic and in-conversion cotton aligned with global sustainability standards.
2. **Trading**
- Active trading in *Kapas*, *cotton bales*, *yarns*, *cotton seeds*, and expanded into:
- **Sesame seeds** (since 2025)
- **Groundnut oil**
- Domestic and international distribution through a robust network of traders, manufacturers, and merchant exporters.
3. **Job Work Services**
- Offers ginning and pressing services on a contract basis under service code **J-34**.
- Facilities located in **Kadi, Mehsana District, Gujarat**, strategically positioned near major cotton-growing regions in Saurashtra and Gujarat.
---
### **Facility & Capacity**
- **Location:** Kadi, Gujarat (9,961 sq. meters)
- **Processing Capacity:** 87,600 metric tons per annum (MTPA) of seed cotton
- **Machinery:** 48 automated ginning and pressing machines
- **Initial Setup:** Promoters began operations in 2007 via *Aditya Oil Industries*; expanded into cotton processing in 2011; full-scale ginning plant established in 2013.
---
### **Market Presence & Exports**
- **Domestic Reach:** Operations across **8 Indian states**, with key markets in Gujarat, Rajasthan, Maharashtra, and Madhya Pradesh.
- **Export Markets (12 countries):** Bangladesh, Vietnam, China, Indonesia, Thailand, Pakistan, and European nations.
- **Export Challenges (FY24–25):** Geopolitical uncertainties impacted exports; however, the company maintained resilience through strong domestic demand and export diversification.
- **New Export Milestones:**
- Secured a **South Korean government tender worth Rs. 8.5 crores** for sesame seeds (March 2025).
- Diversified export portfolio to include **sesame seeds and groundnut oil** (2025), enhancing agri-commodity footprint.
---
### **Sustainability & Certifications**
Axita Cotton is a frontrunner in sustainable cotton production:
- **Certifications:**
- Global Organic Textile Standard (**GOTS**)
- Organic Content Standard (**OCS**)
- Better Cotton Initiative (**BCI**) member
- **ISO 9001:2015** certified for quality management
- **Sustainability Initiatives:**
- Adoption of **organic farming practices**
- Investment in **energy-efficient technologies**
- Strategic shift toward organic cotton, anticipating **84% global demand growth by 2030** (Textile Exchange Report)
---
### **Leadership & Governance**
- **Mr. Nitinbhai Patel** – Founder, Chairman & Managing Director
Over a decade of experience in the cotton value chain; drives strategic vision and growth.
- **Mr. Amitkumar Patel** – Promoter and core management figure with expertise in finance and commercial operations.
- **Mr. Nilesh Kothari** – Director overseeing export operations and documentation, enhancing credibility in global markets.
---
### **Financial & Strategic Highlights**
- **Debt-Free Balance Sheet:** Maintained for two consecutive years (since FY23), enabling financial agility.
- **Retained Earnings (as of Mar 2025):** **Rs. 38.47 crores** allocated for international expansion and diversification.
- **Growth Strategy:**
- Expand **organic cotton** production and trading
- Strengthen **export presence** in South Korea, Southeast Asia, and Europe
- Leverage domestic demand driven by India’s growing middle class and preference for natural, sustainable textiles
- Explore **hydroponics and aeroponics farming advisories** as part of agri-consulting initiatives (as of Sep 2023)
---
### **Customer Base**
- **Domestic:** Traders, yarn manufacturers, and cotton processing mills
- **International:** Large fashion houses and textile manufacturers producing jeans, T-shirts, and fabrics
- **Trading Customers:** Act as wholesalers, distributing bales across India or to export channels
- **Reputation:** Preferred supplier due to consistent **quality, timely delivery**, and adherence to international standards