AKIConsumer Discretionary

AKI India Limited

Leather And Leather Products · ISIN INE642Z01026 · BSE 542020 · NSE BE · FV ₹2
Last price
₹6
+4.86%today
What this company does

AKI India Limited operates in Leather And Leather Products, part of the Consumer Discretionary sector. It booked ₹29 cr of revenue in its latest quarter (Q1 FY27) and kept 1.8% of sales as profit. It is the 6th largest of 6 Leather And Leather Products companies we track, by market value.

In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 326–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns28

How much profit it earns on the money it employs

Balance sheet53

How much it owes, and whether earnings cover the interest

Cash quality2

Whether reported profit actually arrives as cash

Valuation57

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 64% vs last year
Profit up 122% vs last year
Promoters hold 54%
No promoter shares pledged
Watch-outs
! Thin 1.8% net margin
! Low 2.0% return on equity
! Operating cash flow is negative

What if I invest in AKI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹6 +4.86%
latest close · 2026-09-17
52-wk low ₹442 sessions so far52-wk high ₹8
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio29.1Average
LowAverageHigh
P/B ratio0.60Below book
Below bookModerateHigh
EV / EBITDA11.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.0%Weak
WeakFairStrong ▸15%
Return on capital4.7%Weak
WeakFairStrong
Net margin1.8%Thin
ThinDecentStrong
EBITDA margin5.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.21Comfortable
LowModerateHigh ▸1
Interest cover2.5×Okay
RiskyOkayStrong ▸5×
Current ratio2.24Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹60 cr
Book value
₹10
EPS
₹0.05
latest quarter
Net debt
₹17 cr
owes more than its cash
Enterprise value
₹77 cr
EBITDA
₹7 cr
annualised
EBIT
₹5 cr
annualised
Operating margin
4.2%
Return on assets
1.3%
Earnings yield
3.44%
P/S
0.52
Sales / share
₹11.3
Tax rate
29.5%
Face value
₹2
Shares
10.3 cr
Working capital
₹69 cr
Current assets
₹124 cr
Current liabilities
₹55 cr
Delivery %
68.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹2₹2, midpoint ₹2

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹29 cr
Other Income₹2 cr
Total Income₹31 cr
Cost of Materials₹11 cr
Purchases of Stock-in-Trade₹8 cr
Inventory Change (±)₹3 cr
Employee Benefit Expense₹2 cr
Finance Costs₹49.5 L
Depreciation & Amortisation₹48.2 L
Other Expenses₹4 cr
Total Expenses₹30 cr
Exceptional Items₹-6.7 L
Profit before Tax₹72.4 L
Tax Expense₹21.4 L
Net Profit₹51.1 L
Net margin on total income1.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹23 cr75.2%
Employee benefit expense₹2 cr5.2%
Finance costs₹49.5 L1.6%
Depreciation & amortisation₹48.2 L1.6%
Other expenses₹4 cr14.1%
Tax expense₹21.4 L0.7%
Profit for the period₹51.1 L1.7%
Total income ₹31 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue26 cr37 cr29 cr
Total income29 cr40 cr31 cr
Expenses28 cr39 cr30 cr
Profit before tax1 cr1 cr72.4 L
Tax11.5 L37 L21.4 L
Net profit (owners' share)1 cr76.5 L51.1 L
Net margin (owners' share, on revenue)4.3%2.1%1.8%
EPS (₹)0.110.070.05
YoY (latest quarter): total income +57.0% · net profit +121.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹160 cr
Shareholder equity
₹100 cr
parent shareholders
Total debt
₹21 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹-36 cr
Investing
₹-3 cr
Financing
₹41 cr
Peer comparison
Leather And Leather Products · by market value
CompanyPriceMarket capP/E
Mayur Uniquoters Ltd₹750₹3,259 cr14.5
Bhartiya International Limited₹1,023₹1,372 cr19.4
Mirza International Limited₹30₹408 cr
Superhouse Limited₹168₹180 cr10.2
Zenith Exports Limited₹197₹106 cr
AKI India Limitedthis company₹6₹60 cr29.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-22 Jun 2023
Bonus issue10:319 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
53.9%
Public
46.1%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtASAD KAMAL IRAQI · Promoter1.00 L · ₹10.0 L1 Sep 26
BoughtASAD KAMAL IRAQI · Promoter1.00 L · ₹10.0 L1 Sep 26
BoughtASAD KAMAL IRAQI · Promoter1.00 L · ₹10.0 L1 Sep 26
Bulk / block deals
BoughtS A CAPITALS · NSE5.50 L @ ₹6.573 Sep 26
BoughtAMIT KUMAR JAIN HUF · NSE5.22 L @ ₹5.1516 Mar 26
SoldAMIT KUMAR JAIN HUF · NSE3.65 L @ ₹5.1316 Mar 26
Stake changes
BoughtMohammad Ajwad · promoter→ 2.91% · 30.00 L9 Jun 25
BoughtMuhammad Asim→ 6.41% · 66.17 L9 Jun 25
SoldAsad Kamal Iraqi · promoter→ 60.77% · 1.97 L30 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 13 Aug 2025
See the official result
1
To receive, consider and adopt: a. The Audited Standalone Financial Statement of the Company for the Financial Year ended on 31st March, 2025 and Statement of Profit and Loss Account together with the notes forming part thereof along with Cash Flow Statement for the Financial Year ended on that date, and the reports of the Board of Directors (“The Board”) and Auditor thereon. b. The Audited Consolidated Financial Statement of the Company for the Financial Year ended on 31st March, 2025 and Statement of Profit and Loss Account together with the notes forming part thereof and Cash Flow Statement for the Financial Year ended on that date.
Backed by 100% of shareholders other than promotersneeded 50%
26.18 L votes for, 2 against
2
To appoint Ms. Sameena Asad Iraqi (DIN: 01668732), who retires by rotation and being eligible, offers herself for re‐appointment.
Backed by 100% of shareholders other than promotersneeded 50%
26.18 L votes for, 2 against
3
To appoint M/s. R K Parmarthi & Co., Chartered Accountants, Kanpur (Firm Registration No. 001121C), as the Statutory Auditor of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
26.18 L votes for, 2 against
4
Appointment of M/s. Jitendra Parmar & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2023GJ903900) as the Secretarial Auditor of the Company for a period of five (5) years:
Backed by 100% of shareholders other than promotersneeded 75%
26.18 L votes for, 2 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 53.9% between them · as of 2026-06-30
ASAD KAMAL IRAQI39.41%
SAMINA ASAD IRAQI5.59%
PRABODH SHARMA4.14%
MOHAMMAD AZWAD2.91%
MOHAMMAD ASJAD1.07%
TUBA FATIMA0.46%
NABA FATIMA0.35%
ANWAR KAMAL IRAQIno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹21 cr raised in Jun 2025 by selling shares to selected investors

As of Jun 2025, the company says it has spent 100% of what it set aside.

To Meet Working Capital requirement of the Company
100%
₹16 cr of ₹16 cr
General Corporate Purpose
100%
₹5 cr of ₹5 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.