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Kandagiri Spinning Mills Ltd.

BSE: 521242 Sector: Industrials
NSE: KANDAGIRI ISIN Code: INE292D01019
BSE 00:00 | 14 Aug 23.90 -2.20
(-8.43%)
OPEN

27.00

HIGH

27.00

LOW

23.50

NSE 05:30 | 01 Jan Kandagiri Spinning Mills Ltd
OPEN 27.00
PREVIOUS CLOSE 26.10
VOLUME 196
52-Week high 44.95
52-Week low 21.15
P/E
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 27.00
CLOSE 26.10
VOLUME 196
52-Week high 44.95
52-Week low 21.15
P/E
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kandagiri Spinning Mills Ltd. (KANDAGIRI) - Company History

Kandagiri Spinning Mills (KSML) was incorporated in 1976. It is promoted by the Sambandam group. Its units are located in Tamilnadu. S P Ratnam is the chairman and K R Manicka Mudaliar is the managing director. Other group concerns are Sambandam Spinning Mills and Mallur Siddeswara Spinning Mills. In the last 15 years, KSML made a fantastic growth of 1071% as its capacity went up from 3260 spindles to 39,932 spindles. The company came out with a public issue of 11,36,000 shares of Rs 10 each at a premium of Rs 40 each in Jan.'95 to part-finance the Rs 17.25-cr project for the expansion of its capacity to 49,532 spindles. It is also adding special-purpose machines such as autocone winders, two-for-one twisters and singeing machines required for the manufacture of export-quality yarn. The company is in the field of cotton and textiles.