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Ruby Mills Ltd.

BSE: 503169 Sector: Industrials
NSE: RUBYMILLS ISIN Code: INE301D01026
BSE 15:40 | 23 Feb 330.95 0.95
(0.29%)
OPEN

331.00

HIGH

333.80

LOW

326.00

NSE 15:31 | 23 Feb 330.60 -0.15
(-0.05%)
OPEN

331.00

HIGH

337.00

LOW

323.00

OPEN 331.00
PREVIOUS CLOSE 330.00
VOLUME 214
52-Week high 456.00
52-Week low 297.00
P/E 15.31
Mkt Cap.(Rs cr) 553
Buy Price 0.00
Buy Qty 0.00
Sell Price 330.95
Sell Qty 70.00
OPEN 331.00
CLOSE 330.00
VOLUME 214
52-Week high 456.00
52-Week low 297.00
P/E 15.31
Mkt Cap.(Rs cr) 553
Buy Price 0.00
Buy Qty 0.00
Sell Price 330.95
Sell Qty 70.00

Ruby Mills Ltd. (RUBYMILLS) - Company History

The Ruby Mills (TRML) was incorporated in 1917 and is been engaged in the business of textiles.The company's manufacturing units are located at Khalapur (Raigad district) and in Bombay. Ruby Impex is the wholly owned subsidiary of the company. The operational performance of the company in 1994-95 was adversely affected on account of the steep increase in the prices of polyester staple fibre (PSF) (which increased by 22%), viscose staple fibre (VSF) (by 41%) and cotton (by 60%). The production was adversely affected for 5 months due to the acute shortage of VSF. As a modernisation plan, the company purchased 30 Sulzer looms and replaced its 50 Cimmco autolooms and 36 wider Picanol looms. In order to achieve deeper market penetration, TRML shifted from exclusively wholesale marketing to direct marketing by establishing a nationwide network of distributors and agents. During 1994-95, the government permitted the import of fabrics which adversely affected the demand for the company's products. In order to retain the company's competitive advantage, a modernisation programme to improve productivity and quality,has been undertaken under the Textile Upgradation Fund Scheme.