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Loyal Textile Mills Ltd.

BSE: 514036 Sector: Industrials
NSE: N.A. ISIN Code: INE970D01010
BSE LIVE 15:24 | 26 Sep 700.00 0
(0.00%)
OPEN

709.00

HIGH

709.00

LOW

700.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 709.00
PREVIOUS CLOSE 700.00
VOLUME 901
52-Week high 889.95
52-Week low 549.00
P/E 13.12
Mkt Cap.(Rs cr) 337
Buy Price 697.00
Buy Qty 177.00
Sell Price 706.00
Sell Qty 4.00
OPEN 709.00
CLOSE 700.00
VOLUME 901
52-Week high 889.95
52-Week low 549.00
P/E 13.12
Mkt Cap.(Rs cr) 337
Buy Price 697.00
Buy Qty 177.00
Sell Price 706.00
Sell Qty 4.00

Loyal Textile Mills Ltd. (LOYALTEXTILE) - Company History

Loyal Textile Mills, the Tamilnadu based company was incorporated in 1946 and has it's plant at Kovilpatti. It manufactures cotton yarn, fabric, hosiery cloth, caps etc.It exports yarn and cloth to the US, Russia, Germany, Spain, Switzerland, UK, Portugal and other countries. The company exports around 27% of its production. Loyal Textiles was the first to introduce tandem carding in the early seventies, and the earliest to introduce air splicing and automatic cone winding technology, which allows sophisticated electronic controls to detect and mend defects in yarn automatically. The company undertook modernisation of it's facility. In 1987, the company has embarked upon an expansion-cum-modernisation project and set up 100 air-jet looms for weaving polyester-blended suitings. The looms were supplied by Loyal Machine Works, a subsidiary. Again in 1998-99, it increased the installed capacity of ring spindles, rotors and automatic looms to 53,492 nos, 3,768 nos and 285 nos respectively. The company has spent Rs.17.33 cr, Rs.5.39 cr and Rs.13.37 cro on modernisation and replacement of machinery during 1998-99, 99-2000 and 2000-01 respectively. The company had set up an Joint Venture company in Italy in the name of M/s Gruppo P&P Loyal Spa. In the year 2000-01, the company has increased it's stake in the JV company to 47.50 %. Apart from this the company has also entered into a JV agreement with M/s Dimco SA, Greece for formation of a JV company in Greece for marketing of Garments during 2000-01. For replacement of machinery/modernisation and installing power plant the company has spent about Rs. 3358.44 lakhs.