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Sri Nachammai Cotton Mills Ltd.

BSE: 521234 Sector: Industrials
NSE: N.A. ISIN Code: INE443E01016
BSE 15:15 | 23 Feb 19.70 0.60
(3.14%)
OPEN

18.30

HIGH

19.70

LOW

18.30

NSE 05:30 | 01 Jan Sri Nachammai Cotton Mills Ltd
OPEN 18.30
PREVIOUS CLOSE 19.10
VOLUME 110
52-Week high 25.00
52-Week low 11.36
P/E 13.87
Mkt Cap.(Rs cr) 8
Buy Price 18.25
Buy Qty 25.00
Sell Price 19.70
Sell Qty 41.00
OPEN 18.30
CLOSE 19.10
VOLUME 110
52-Week high 25.00
52-Week low 11.36
P/E 13.87
Mkt Cap.(Rs cr) 8
Buy Price 18.25
Buy Qty 25.00
Sell Price 19.70
Sell Qty 41.00

Sri Nachammai Cotton Mills Ltd. (SRINACHACOTT) - Company History

Incorporated in Mar.'80 as a wholly-owned subsidiary of Jawahar Mills, Sri Nachammai Cotton Mills (SNCM) was converted into a public limited company in Jun.'82. SNCM was promoted by R M Ramanathan and P Palaniappan. R M Ramanathan is the chairman and P Palaniappan, the managing director. The other group companies are Sree Uma Parameshwari Mills, Uma Maheshwari Mills, etc. SNCM manufactures combed and carded cotton hosiery yarn of counts ranging from 20s to 40s which are used to convert the same into fabric or garments for exports. In Jan.'95, the company made a Rs 7.52-cr public issue (premium : Rs 60) to part-finance the capital expenditure on modernisation and diversification (into wind energy generation) projects and to augment long-term resources for working capital. The cost of the project, as estimated by IDBI, was Rs 11.80 cr. SNCM markets the bulk of its products to units in Tirupur, an active business centre known internationally for its exports of knitted garments and hosiery. During the year 1999-2000, the company has achieved a turnover of Rs.7747.37 lacs as against Rs.7514.95 lacs in the previous year.