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AKI India Ltd.
(AKI)
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Rating:54Neutral
Price Target:
₹8.00
▲(25.59% Upside)
Action:Reiterated
Date:09/08/26
The score is held back primarily by weak and volatile cash generation despite strong recent revenue momentum and improved leverage. Technicals are strong with price above major moving averages and positive MACD, but very overextended RSI/Stoch readings add near-term risk. Valuation is also a headwind with a high P/E and no dividend support.
Positive Factors
Strong FY2025 revenue acceleration
The sharp FY2025 revenue acceleration indicates stronger demand and expanding commercial traction. If sustained, this growth can improve operating scale, support reinvestment, and strengthen AKI India's position in the footwear and accessories market over the next several quarters.
Negative Factors
Persistent cash-flow weakness
Repeated negative operating and free cash flow means reported growth is not yet converting reliably into cash. Continued cash burn can increase dependence on working-capital improvement or external funding, limiting flexibility and making growth harder to sustain through weaker periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2025 revenue acceleration
The sharp FY2025 revenue acceleration indicates stronger demand and expanding commercial traction. If sustained, this growth can improve operating scale, support reinvestment, and strengthen AKI India's position in the footwear and accessories market over the next several quarters.
Read all positive factors
AKI India Ltd. (AKI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹751.34M
Dividend YieldN/A
Average Volume (3M)63.87K
Price to Earnings (P/E)38.0
Beta (1Y)0.88
Revenue Growth52.48%
EPS Growth190.83%
CountryIN
Employees40
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.27
Shares Outstanding103,205,956
10 Day Avg. Volume152,734
30 Day Avg. Volume63,867
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.40
Price to Sales (P/S)0.38
P/FCF Ratio-1.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AKI India Ltd. Business Overview & Revenue Model
Company Description
AKI India Limited, founded in 1994 and headquartered in Kanpur, India, is a manufacturer and seller of a broad range of leather and associated products. The company's operations are structured across distinct segments: Tannery, Footwear, Equestria...
AKI India Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
32
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.07B | 809.62M | 709.13M | 702.62M | 609.39M |
| Gross Profit | 86.66M | 143.31M | 137.95M | 138.46M | 94.63M |
| EBITDA | -41.30M | 63.69M | 53.88M | 54.80M | 53.65M |
| Net Income | 24.07M | 16.78M | 13.67M | 11.55M | 16.46M |
Balance Sheet | |||||
| Total Assets | 1.60B | 1.14B | 1.04B | 647.02M | 604.88M |
| Cash, Cash Equivalents and Short-Term Investments | 46.93M | 27.81M | 18.13M | 14.73M | 12.70M |
| Total Debt | 214.49M | 242.14M | 218.39M | 295.06M | 294.37M |
| Total Liabilities | 598.24M | 492.29M | 443.97M | 482.66M | 464.26M |
| Stockholders Equity | 1.00B | 651.37M | 597.14M | 149.88M | 140.62M |
Cash Flow | |||||
| Free Cash Flow | -209.95M | -51.52M | -225.81M | 15.18M | -2.86M |
| Operating Cash Flow | -159.07M | -26.71M | -176.24M | 37.95M | 7.62M |
| Investing Cash Flow | -48.87M | -15.13M | -176.89M | -24.87M | -9.94M |
| Financing Cash Flow | 227.06M | 51.52M | 356.53M | -10.99M | 3.43M |
AKI India Ltd. Technical Analysis
Positive
6.37
Price Trends
4.61
Positive
4.79
Positive
5.48
Positive
Market Momentum
0.61
Negative
90.50
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKI, the sentiment is Positive. The current price of 6.37 is above the 20-day moving average (MA) of 4.77, above the 50-day MA of 4.61, and above the 200-day MA of 5.48, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 90.50 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AKI.
AKI India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹85.95B | 46.34 | ― | 0.87% | 2.11% | 5.98% | |
57 Neutral | ₹86.46B | 59.19 | ― | 5.08% | 1.91% | -29.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹751.34M | 38.00 | ― | ― | 52.48% | 190.83% | |
54 Neutral | ₹3.99B | 46.13 | ― | 1.12% | 6.46% | -30.10% | |
54 Neutral | ₹4.28B | -19.02 | ― | 3.04% | -11.43% | -264.80% | |
46 Neutral | ₹2.14B | 77.68 | ― | 0.44% | -31.56% | -47.39% |
* General Sector Average
IN:AKI
AKI India Ltd.
8.00
-1.21
-13.14%
IN:BATAINDIA
Bata India Ltd
669.20
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IN:KHADIM
Khadim India Limited
116.90
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IN:LIBERTSHOE
Liberty Shoes Limited
232.25
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IN:MIRZAINT
Mirza International Limited
31.38
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IN:RELAXO
Relaxo Footwears Limited
338.50
-151.10
-30.86%
AKI India Ltd. Corporate Events
AKI India Sets Book Closure Dates Ahead of 32nd AGM
Sep 2, 2026
AKI India Ltd. has announced the closure of its Register of Members and Share Transfer Books from 16 September 2026 to 23 September 2026, in line with SEBI listing regulations. The move is tied to preparations for the company’s 32nd Annual G...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.