Precot Ltd

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NSEBSE

345.000.00 (0.00%)

01:01 PM,5th Mar 2024
01:01 PM,5th Mar 2024Stock not tradded

BSE : 521184

NSE : PRECOT

Sector : Industrials

ISIN Code : INE283A01014

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Market Cap (₹ Cr)

414

Turnover (₹ Cr)

0.00

Volume (Shares)

990

Face Value

10

52-WK High

388.00

52-WK High Date

26 Feb 2024

52-WK Low

133.00

52-WK Low Date

09 Mar 2023

All Time High

400.00

All Time High Date

18 Jan 2022

All Time Low

18.85

All Time Low Date

22 May 2020

Precot Ltd

Promoted by N Damodaran Precot Ltd (Formerly known Precot Meridian Limited) was incorporated in June 1962 in Palakad Kerala to produce cotton yarn with an initial capacity of 12096 spindles. The Company made its maiden issue in 1962. The first production of cotton yarn commenced during 1964 with an initial capacity of 12096 spindles at Kanjikode Kerala. The company changed its name to the present one in 1985. At present it has units in the four southern states of India viz. Tamil Nadu Kerala Andhra Pradesh and Karnataka with a total spinning capacity of 225000 spindles and 960 rotors.PML set up its second mill in Kodigenahalli Andhra Pradesh with an installed capacity of 28800 spindles which was expanded to 51840 spindles in 1991. In the next year PML set up a 100% EOU at Walayar Kerala (inst. cap. 10080 spindles and 384 rotors).The open end spinning unit of the company was commissioned in Sep.'95 which reached its full capacity of 1152 rotors. It has set up a wholly owned subsidiary in Malaysia to exploit the Asia-Pacific region. During 1996-97 PML has increased the installed capacity of Spindles by 6336 Nos. CGF Investments which was a Subsidiary of the company and now has been merged with Coimbatore General Finance which is another subsidiary of the company with effect from 1st Feb.'97.A new yarn dyeing unit with a capacity of 2 tonnes per day was commissioned in Gauribindur Karnataka which enabled the company to enhance its sale of value added dyed yarn in the domestic market. The company has taken over its subsidiary company Suprem Textiles Processing Ltd for convenience of administrative purpose.A forward integration plan for manufacture of yarn dyed shirting fabrics has been set up a Weaving Unit at Vettaikaranpurdur near Pollachi.This unit commenced its commercial production at a cost of Rs.1140 lacs in 2001. Under the TUF scheme the company made a capital investment to its Weaving unit and also set up an captive dyeing unit. The project was financed by term loans from Andhra Bank.The company made a buy back of 5.5 lac equity shares starting from April 2002 to July 2002. After the post buy back the equity capital stands reduced to Rs.545 lacs. To reduce energy cost the company installed 4 wind turbines in September 2002 at a cost of RS.1165 lacs. The company made a capital expenditure to the tune of Rs.3505 lacs during 2002-03 and the same was financed by term loan from ICICI bank.In 2013 the Company set up a Technical Textile Plant at Hassan in Karnataka which commercial production from June 2013.During the year 2017-18 the subsidiary companies namely Precot Meridian Energy Limited Suprem Textiles Processing Limited and Multiflora Processing Coimbatore Limited were merged with the Company effective on 01 April 2016. During the year 2020-21 name of the Company was changed from Precot Meridian Limited to Precot Limited effective on 14 December 2020. During year 2022-23 the own captive solar plants was installed in the Kanjikode and Hindupur units.

Precot Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

414

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

1.10

Face Value (₹) 10
Latest Dividend (%)60.00
Latest Dividend Date 11 Aug 2022
Dividend Yield (%) -
Book Value Share (₹) [S]314.58
P/B Ratio (₹) [S]1.10
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
ICICI Pru ELSS Tax Saver Fund - (G) 0.24 46112 0.01
ICICI Pru ELSS Tax Saver Fund - Direct (G) 0.24 46112 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

340.00

345.25

Week Low/High

336.00

369.00

Month Low/High

297.35

388.00

Year Low/High

133.00

388.00

All time Low/High

35.00

400.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week%-4.21%0.970.86%
1 Month%13.32%2.892.83%
3 Month%21.44%6.507.35%
6 Month%51.55%12.1914.37%
1 Year%148.56%23.4027.25%
3 Year%262.78%46.4249.87%

Company Info

Company Information

Chairman & Managing Director : Ashwin Chandran

Vice Chairman & M.D. : Prashanth Chandran

Independent Director : Jairam Varadaraj.

Independent Director : C N Srivatsan

Independent Director : Sumanth Ramamurthi

Independent Director : R Bhuvaneshwari

Director : T Kumar

Independent Director : P Vijay Raghunath

Company Sec. & Compli. Officer : S Kavitha

Independent Director : Arun Selvaraj

Independent Director : Vinay Balaji Naidu

Registered Office: Suprem P B 7161 Green Fields, 737 Puliakulam Road,Coimbatore,Tamil Nadu-641045 Ph: 91-422-24321100

Email:secretary@precot.com

URL:http://www.precot.com