You are here » Home » Companies » Company Overview » Sri Nachammai Cotton Mills Ltd

Sri Nachammai Cotton Mills Ltd.

BSE: 521234 Sector: Industrials
NSE: N.A. ISIN Code: INE443E01016
BSE LIVE 15:14 | 15 Dec 18.50 -0.55
(-2.89%)
OPEN

18.50

HIGH

18.50

LOW

18.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 18.50
PREVIOUS CLOSE 19.05
VOLUME 200
52-Week high 25.00
52-Week low 11.00
P/E 15.68
Mkt Cap.(Rs cr) 8
Buy Price 18.10
Buy Qty 1000.00
Sell Price 18.45
Sell Qty 425.00
OPEN 18.50
CLOSE 19.05
VOLUME 200
52-Week high 25.00
52-Week low 11.00
P/E 15.68
Mkt Cap.(Rs cr) 8
Buy Price 18.10
Buy Qty 1000.00
Sell Price 18.45
Sell Qty 425.00

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.