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Bombay Dyeing & Manufacturing Company Ltd.

BSE: 500020 Sector: Industrials
NSE: BOMDYEING ISIN Code: INE032A01023
BSE 11:21 | 19 Jun 219.00 -3.40
(-1.53%)
OPEN

220.05

HIGH

221.00

LOW

219.00

NSE 11:14 | 19 Jun 219.65 -2.65
(-1.19%)
OPEN

220.70

HIGH

220.90

LOW

219.40

OPEN 220.05
PREVIOUS CLOSE 222.40
VOLUME 53406
52-Week high 321.60
52-Week low 66.10
P/E 24.09
Mkt Cap.(Rs cr) 4,523
Buy Price 218.60
Buy Qty 304.00
Sell Price 219.25
Sell Qty 431.00
OPEN 220.05
CLOSE 222.40
VOLUME 53406
52-Week high 321.60
52-Week low 66.10
P/E 24.09
Mkt Cap.(Rs cr) 4,523
Buy Price 218.60
Buy Qty 304.00
Sell Price 219.25
Sell Qty 431.00

Bombay Dyeing & Manufacturing Company Ltd. (BOMDYEING) - Company History

The Bombay Dyeing and Manufacturing Company Limited (Bombay Dyeing) established on 23rd August 1879 is the flagship company of the Wadia Group engaged primarily in the business of Real Estate Polyester Staple Fibre and Retail -Textiles.One Hundred and Thirty Eight years ago Mr. Nowrosjee Wadia nurtured an overarching vision. The vision to create an enterprise which can stand the test of time scale new frontiers of excellence and constantly re-invent itself to suit the changing needs of customers. Bombay Dyeing today is testimony to the strength of that vision.Bombay Dyeing is the embodiment of that vision. Respected trusted and one of India's most endeared brands. Bombay Dyeing is one of the earliest of the Wadia Group Companies to have been listed on the Bombay Stock Exchange.The Company has extended its presence in Realty Sector Polyester Staple Fibre and Retail-Textile to cater to the evolving aspirations of its customers and enhancing their quality of life.The Company is headed by Mr. Nusli N. Wadia Chairman and its Managing Director is Mr. Jehangir N. Wadia Archway Investment Company (P) Limited became a wholly owned subsidiary of the company during the incorporation year itself. The company had entered into an agreement with Tootal Broadhurst Lee Company Limited of Manchester during the year 1961 for the technical know-how and use of their patented crease resistant and minimum ironing processes under which the company was permitted to brand its goods with marks Tebilized and Tebilized Double. Subsequently in the year 1962 the negotiations were concluded with Heberilein & Company of Wattil Switzerland for the right to use their Hecowa finish on processed goods. Nowrosjee Wadia Ginning & Processing Company Limited was amalgamated with the company with effect from 1st October of the year 1967. BDMCL made an agreement with Hercofina of USA during the year 1978 for the purchase of equipment and machinery and for technology and technical service. The Company also entered into a Technical Services Contract with their Indonesian company P.T. Five Star Industries Limited in the year 1979. During the year 1988 the company installed 2 open-end spinning machines 3 auto coners 7 high-speed combers 1 hot air stenter and some jiggers in the processing house in Mumbai also in the same year a caustic recovery plant was installed. A year after in 1989 2 new Blow Room lines with cards 7 auto coners and 48 new Air-jet Weaving machines were installed. At the processing house in Mumbai some Polywool processing machinery and new fusible interlining machines were also installed. During the same year 1989 BDMCL had entered into a contract with 20th Century Foods Pvt Ltd of Singapore to render technical services to Thulhiriya Textile Mills (Sri Lanka) a Government owned textile mill of Sri Lanka having 130000 spindles and 560 looms. In 1990 The Company installed a blow room line with high production cards 6 open-end spinning machines 16 sulzer weaving machines and 2 auto coners at its manufacturing mills. Additions to the processing machinery included a chairless mercerizer energy efficient stenter a soaper a singeing machine and 3 yarn-dyeing units. The Capital Equipment installed included 72 air jet weaving machines 8 trutschler cards 9 draw frames 5 open end spinning machines 6 auto coners 1 warping machine and 2 sizing machines during the year 1992. In 2nd December of the year 1993 the company had launched the Euro Issue in the international markets. During the period of 1995 BDMCL had increased its capacity from 112000 TPA to 145000 TPA. The Company introduced three new brands for Home collection in the year 1997 and also in the same year BDMCL had introduced various projects in its mills to improve the quality of yarn and fabric and reduce rejects. The Company had signed up with fieldstone Cannon of the US to setup a 50:50 joint venture to make terry towels. In 1998 the company introduced two new brands viz Princeton and Forest Hills in Apparel and Tulip and Harmony in the home collection segment almost seven years after the launch of its Vivaldi brand. The Company had won the SRTEPC and TEXPROCIL Gold Trophies for its outstanding export performance for poly cotton blended fabrics and made-ups for the year 1998-99. BDMCL made a terry towel joint venture project with the US-based Fieldcrest Cannon in 1999. The Jamnagar Spinning unit of the company which was situated in Gujarat closed down with effect from July 29th of the year 2000. The Company had acquired the 51% of stake in Proline India for a sum of Rs.4 cr during the year 2002 and changed its Readymade Garment Business to the same Proline India Limited. Bombay Dyeing unveiled 150 new designs in bed and bath linen and home towel category in the same year of 2002. BDMCL made tie up with Nickleodeon for a merchandising arrangement in the year 2005. The real estate division of the company had commenced the development of the two properties Spring Mills Dadar and Textile Mills Worli during the year 2005-06. The DMT Plant operations had been suspended from 6th March of the year 2006 to enable implementation of the Polyester Stable Fibre (PSF) in the same site of the company. In January 2007 commissioning of PSF plant in sections commenced and by 31st 2007 part of the plant was under operational testing. The Company committed a major part of the total capital expenditure of Rs.206 crores in 31st March of the year 2007 for a new state-of-the-art processing unit along with in-house stitching facilities at Ranjangaon.