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Kandagiri Spinning Mills Ltd.

BSE: 521242 Sector: Industrials
NSE: KANDAGIRI ISIN Code: INE292D01019
BSE LIVE 15:26 | 22 Sep 40.75 0.75
(1.88%)
OPEN

44.00

HIGH

44.00

LOW

38.10

NSE 00:00 | 23 Aug Stock Is Not Traded.
OPEN 44.00
PREVIOUS CLOSE 40.00
VOLUME 464
52-Week high 65.50
52-Week low 36.85
P/E
Mkt Cap.(Rs cr) 16
Buy Price 39.55
Buy Qty 2.00
Sell Price 40.75
Sell Qty 40.00
OPEN 44.00
CLOSE 40.00
VOLUME 464
52-Week high 65.50
52-Week low 36.85
P/E
Mkt Cap.(Rs cr) 16
Buy Price 39.55
Buy Qty 2.00
Sell Price 40.75
Sell Qty 40.00

Kandagiri Spinning Mills Ltd. (KANDAGIRI) - Company History

Kandagiri Spinning Mills (KSML) was incorporated in 1976. It is promoted by the Sambandam group. Its units are located in Tamilnadu. S P Ratnam is the chairman and K R Manicka Mudaliar is the managing director. Other group concerns are Sambandam Spinning Mills and Mallur Siddeswara Spinning Mills. In the last 15 years, KSML made a fantastic growth of 1071% as its capacity went up from 3260 spindles to 39,932 spindles. The company came out with a public issue of 11,36,000 shares of Rs 10 each at a premium of Rs 40 each in Jan.'95 to part-finance the Rs 17.25-cr project for the expansion of its capacity to 49,532 spindles. It is also adding special-purpose machines such as autocone winders, two-for-one twisters and singeing machines required for the manufacture of export-quality yarn. The company is in the field of cotton and textiles.