You are here » Home » Companies » Company Overview » Soma Textiles & Industries Ltd

Soma Textiles & Industries Ltd.

BSE: 521034 Sector: Industrials
NSE: SOMATEX ISIN Code: INE314C01013
BSE 15:46 | 19 Feb 14.09 0.09
(0.64%)
OPEN

14.48

HIGH

14.48

LOW

13.31

NSE 15:44 | 19 Feb 14.05 0.15
(1.08%)
OPEN

13.80

HIGH

14.50

LOW

13.30

OPEN 14.48
PREVIOUS CLOSE 14.00
VOLUME 20238
52-Week high 25.10
52-Week low 9.15
P/E
Mkt Cap.(Rs cr) 47
Buy Price 14.09
Buy Qty 929.00
Sell Price 0.00
Sell Qty 0.00
OPEN 14.48
CLOSE 14.00
VOLUME 20238
52-Week high 25.10
52-Week low 9.15
P/E
Mkt Cap.(Rs cr) 47
Buy Price 14.09
Buy Qty 929.00
Sell Price 0.00
Sell Qty 0.00

Soma Textiles & Industries Ltd. (SOMATEX) - Company History

The Ahmedabad unit of Soma Textiles & Industries was taken over in 1969 and a major modernisation and expansion programme was carried out to revive it. The company was one of the first units to manufacture indigo denim in 1986. In 1994, the company commissioned its 100% export-oriented spinning unit (cap.: 30,204 spindles) at a capital outlay of Rs 74 cr. The company's principal products include cotton yarn and cotton fabrics as also blended yarn and man-made fabrics. In 1995, the company replaced 20 narrow-width Ruti looms with 12 Sulzer 390 cm wide-width looms. To achieve better capacity utilisation, six Sulzer wide-width looms along with one Schlafhorst rotor spinning machine and other balancing machines were installed and commissioned in Sep.'95. This will increase the production of denim by 25%. The company plans to improve the quality of yarn for the export market, using sophisticated control equipment, while also planning to introduce stretch denim fabrics. Due to the recessionary trend experienced by the Textile industry and the depressed export market, the steep competition from the unorganised sector resulted in erosion in the profitability of the company during the year 1999-2000. To increase the production of Denim Fabrics the company has installed 20 Second hand Picanol Airjet Looms.