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APM Industries Ltd.

BSE: 523537 Sector: Industrials
NSE: N.A. ISIN Code: INE170D01025
BSE LIVE 11:28 | 21 Sep 63.20 -1.05
(-1.63%)
OPEN

65.00

HIGH

65.00

LOW

63.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 65.00
PREVIOUS CLOSE 64.25
VOLUME 3319
52-Week high 76.85
52-Week low 52.00
P/E 10.10
Mkt Cap.(Rs cr) 137
Buy Price 63.20
Buy Qty 55.00
Sell Price 64.00
Sell Qty 300.00
OPEN 65.00
CLOSE 64.25
VOLUME 3319
52-Week high 76.85
52-Week low 52.00
P/E 10.10
Mkt Cap.(Rs cr) 137
Buy Price 63.20
Buy Qty 55.00
Sell Price 64.00
Sell Qty 300.00

APM Industries Ltd. (APMINDS) - Company History

Incorporated in 1974, APM Industries, a company belonging to the Rajgarhia group, is engaged in the manufacture of synthetic blended yarn at its unit at Bhiwadi (Alwar district), Rajasthan, under the Orient Syntex brand name. In 1993, the company implemented a modernisation-cum-balancing programme at its existing unit whereby, the installed spindleage increased from 19,136 to 20,608. The additional spindles were operational by mid-1994. The company has been expanding its capacity since 1990 --from 16,256 spindles to nearly 20,000 spindles. Most of the capital investments for these expansion programmes were met out of internal accruals. In 1994, the company envisaged to set up a separate unit with a capacity of 9600 spindles at an estimated capital investment of Rs 1600 lac. The project was implemented in two phases -- the first phase comprising 6720 spindles. In 1995-96, the company registered an increase of 57% in the gross sales. But there has been only marginal increase in net profit due to significant increase in financial charges and sharp increase in the raw material cost. The Company has successfully implemented modernisation-cum-balancing equipment scheme at its spinning mill at Bhiwadi. The Company has installed a power plant of 2.5 MW capacity during the year 1999-2000 to reduce dependence on grid supply. During 2000-01, the sales of the company has risen to Rs.133.60 crores from Rs.118.97 crores,which was 12.30% higher than the previous year. The prospects for the current fiscal are really uncertain as the textile industry especially Blended Yarn sector is in deep recession.