You are here » Home » Companies » Company Overview » DCM Nouvelle Ltd

DCM Nouvelle Ltd.

BSE: 542729 Sector: Industrials
NSE: DCMNVL ISIN Code: INE08KP01019
BSE 09:33 | 04 Oct 179.60 2.75
(1.55%)
OPEN

184.00

HIGH

184.00

LOW

175.00

NSE 09:19 | 04 Oct 179.50 3.75
(2.13%)
OPEN

179.30

HIGH

182.80

LOW

179.00

OPEN 184.00
PREVIOUS CLOSE 176.85
VOLUME 203
52-Week high 385.10
52-Week low 142.75
P/E 2.85
Mkt Cap.(Rs cr) 335
Buy Price 179.60
Buy Qty 10.00
Sell Price 180.20
Sell Qty 100.00
OPEN 184.00
CLOSE 176.85
VOLUME 203
52-Week high 385.10
52-Week low 142.75
P/E 2.85
Mkt Cap.(Rs cr) 335
Buy Price 179.60
Buy Qty 10.00
Sell Price 180.20
Sell Qty 100.00

DCM Nouvelle Ltd. (DCMNVL) - Company History

DCM Nouvelle Limited is a leading manufacturer & exporter of 100% cotton carded and combed yarns in single and two-ply forms of count range Ne 12s to 40s. The Company was incorporated in October 17 2016 and is primarily engaged in manufacturing and sale of cotton yarn. The Company has spindle capacity of 115048 located at Hisar with approx 2500 MT of monthly production. State-of-art spinning machineries and Quality Assurance instruments from leading manufacturers have been installed for production of fault free 100 % cotton yarn. With the introduction of value added products premium brands & sustainability certifications the Company moved ahead in positioning itself as supplier of quality yarn for fine clothing. The Company successfully engraved name in domestic markets and exports to over 30 countries. In 1991 the Company started spinning operation plant with 33000 spindles at Hisar.In 1995 the Company received ISO 9001 quality standard certification of the plant. In 1998 the spindle capacity enhanced from 33000 to 45000 in Unit I.In 2005 the spindle capacity enhanced to 76200 by establishing Unit II.In 2014 the spindle capacity enhanced to 115048 by establishing Unit III.From New Spinning Unit III Primero a brand of premium 100% Cotton Combed Yarn was launched in 2015. From the same New Spinning Unit III Dinero a brand of premium 100% Cotton Carded Yarn was launched in 2016 and the Company obtained BCI (Better Cotton Initiative) certification to make global cotton production better for people who produce it better for environment it grows in and better for sector's future.The Company commenced production of cotton slub yarns in 2017.In 2018 the Company was certified as Global Organic Textile Standard (GOTS) and obtained Oeko-Tex Standard 100 certification to ensure that products and processes are free of dangerous chemicals including lead & pesticides.The Company launched CCY (Contamination Controlled Yarn) brand of products from Unit I in FY 2020. CCY is contamination controlled 100% cotton combed knitting yarn processed through advanced contamination control systems USTERr JOSSI VISION SHIELD with MAGIC EYE 2 and Uster Quantum 3 with Polypropylene (PP) & Dark Foreign Fibre (FFD) clearing devices that ensures removal of Polypropylene and colored contaminants.The National Company Law Tribunal (NCLT) vide Order dated 01 May 2019 approved Scheme of Arrangement between DCM Limited and DCM Nouvelle Limited for the demerger of Textile Division of DCM Limited on a going concern basis with effect from 1 April 2019 (i.e. the Appointed Date). The Company issued equity shares of Rs 1868 lakhs after cancelling the entire share capital held by the DCM Limited on effective date (01 April 2019) in DCM Nouvelle Limited amounting to Rs. 5 lacs. Pursuant to aforesaid Scheme Board of Directors of the Company at meeting held on June 04 2019 had allotted 18677749 number of equity shares of Rs.10 each to the Shareholders of DCM Limited. The said Equity Shares were listed with BSE Ltd. and National Stock Exchange of India Ltd. with effect from July 16 2019.

.