Rajapalayam Mills Ltd

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960.2523.25 (2.48%)

09:27 AM,28th Feb 2024

BSE : 532503


Sector : Industrials

ISIN Code : INE296E01026

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Last Updated: Feb 28 2024 | 09:27 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)

Face Value


52-WK High


52-WK High Date

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52-WK Low


52-WK Low Date

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All Time High


All Time High Date

10 Aug 2010

All Time Low


All Time Low Date

02 Dec 2011

Rajapalayam Mills Ltd

Rajapalayam Mills Ltd was established in February 1936. A manufacturer of yarn of different counts Rajapalayam Mills (RML) has been functioning successfully for six decades. Presently the Company is engaged in manufacture of cotton yarn and fabrics. It is also into generation of electricity from its windmills for its captive requirements.During 1990-91 the company set up an export-oriented spinning mill. The entire output of high quality yarn produced here is being taken up by Mitsubishi Corporation Japan. It has been decided to implement another export-oriented project. Technological guidance will be provided by Unitaka Japan which is a large producer of yarn fabrics and other related products.During 1994-95 as part of its modernisation programme RML installed five crosrol cards imported from the UK and two ring spinning frames in place of the old equipment. To reduce dependence on conventional energy sources it has installed five 250-KW wind electric generators in Muppandal Nagarcoil. As part of its diversification plans it is setting up a tissue culture unit - Shri Ramco Biotech - as a division of the existing company to produce ornamental and orchard plants for the export and domestic markets.During 1995-96 RML commissioned its second 100% EOU spinning mill with an installed capacity of 11520 spindles. The formalities regarding amalgamation of M/s Jayaram Mills Ltd with the company asper the order of honourable High Court of Chennai has been completed. As per the scheme 750 shares of Rs 100 each were allotted to the shareholders of Jayaram Mills Ltd. The EOU - Rajapalaiyam Textiles was expanded by 3024 spindles at a cost of Rs 5 crs which is financed by Term Loan/NCDs and Internal Accruals the addition of these spindles is expected to be completed by August 1998.The Tissue Culture Unit which was started last year has started its commercial production during May 2000 and have started exporting Plantlets to various countries.Modernisation programme has been taken up at a cost of Rs.24 crores with the assistance from SBI under the Technology Upgradation Fund Scheme.HFO Power Plant has started commissioned 4 Nos 900 KW & 4 Nos 770 KW MAN B&W HFO Gensets.Due to this there is a substantial saving in Electricity Cost.Under the modernisation programme during 2001-02 the company has added the state-of-the-art textile machinery at a cost of Rs.15.81 crores by taking financial assistance from State Bank of India and ICICI Ltd under Technology Upgradation Fund(TUF) Scheme. It has installed a new textile machine at a cost of Rs.11.30 crores under the TUF in 2002-03.The Company installed 2 Nos. 1250 KW Suzlon make Wind turbine generators at project cost of about Rs. 9.80 Crores during 2004. It also installed state-of-the-art textile machines at a cost of Rs. 22.70 Crores comprising of 2 Nos. Suzlon Wind Turbine Generator 2 Nos. LMW Speed Frame 4 Nos. Veejay Savio Auto Cone Winding Machine 3 Nos. VJ 120 TFO Machine 7 Nos. Murata TFO Machine 3 Nos. Reiter Comber E-62 AND 7 Sets Elite Compact Set.During 2005 1 No. Speed Frame 2 Nos. Auto Cone Winding Machine 2 Nos. High Speed C60 Carding Machine 1 No. Draw Frame 2 Nos. Propeller Winding Machine installed at a cost of about Rs. 3.29 Crores. Besides the Company installed 8 more 1.25 MW Wind turbine generators at project cost of about Rs. 44.40 Crores.In 2006 a Stitching Unit was set up at Vellakoil to produce Garments costing Rs. 0.5 Crores. The Company installed 3 Nos of 1.25 MW and 2 Nos of 1.65 MW Wind turbine generators during the year at project cost of about Rs. 37.66 Crores. It took up expansion of spindles capacity by about 16800 Spindles at a project costing Rs 50 Crores. It commissioned this said Project and started commercial production during March 2008.The expansion of TFO capacity at a project cost of Rs.15.14 Crores was commissioned during January 2008. An Open-End (OE) Spinning Mill with the capacity of 1800 Rotors was commissioned at Andhra Pradesh during year 2008-09.During the year 2011 11 Nos. of Wind Electric Generators for an aggregate capacity 8.80 MW were purchased during September 2010 resulting this the capacity of the Wind Mills increased to 30.70 MW comprising of 34 Wind Electric Generators.The Scheme of Amalgamation of its Wholly Owned Subsidiary M/s. Rajapalayam Spinners Limited with the Company became effective from 01-04-2012. Again 3 Nos. of Wind Electric Generators for an aggregate capacity of 2.40 MW were purchased during March 2015. The Company sold its assets and liabilities of Rajapalayam Mills - Subramaniapuram Unit in 2015. The Company held investments in the Group Companies viz. M/s. The Ramco Cements Limited M/s. Ramco Industries Limited M/s. Ramco Systems Limited M/s. The Ramaraju Surgical Cotton Mills Limited M/s. Sri Vishnu Shankar Mill Limited and M/s. Ontime Industrial Services Limited and made them its Associate Companies during year 2016-17. Further it acquired Shares of M/s. Ramco Windfarms Limited and made it as the Associate Company in 2017-18.The Company commissioned Dyed Weaving Fabric Unit at Rajapalayam with 122 capacity Looms costing Rs 276 Crores on 22-03-2020. The installation of fully automatic OE Machines costing Rs 45 Crores was commissioned on 30-04-2021. The Company also installed second line of yarn mercerizing machineries which commissioned during September 2021. It added 24 Airjet Jacquard Looms which increased the existing looms capacity from 122 Looms to 146 Looms in the existing loom-shed and resulting this all new 24 Jacquard Looms commissioned during March 2022. Moreover the third line of yarn mercerizing machinery was installed and commissioned in September 2022. Additionally the Company added 8 Nos. of Airjet Jacquard Looms which resulted in increasing the existing looms capacity from 146 Looms to 154 Looms in the existing loom-shed without incurring any additional construction cost. In 2023 it commissioned own 110 KV / 11 KV substation inside the premises at Rajapalayam Mills.

Rajapalayam Mills Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)10.00
Latest Dividend Date 11 Aug 2023
Dividend Yield (%) 0.11
Book Value Share (₹) [S]552.21
P/B Ratio (₹) [S]1.74
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Sundaram LT MC Tax Advantage Fund-Sr.III (IDCW) 1.10 11065 1.32
Sundaram LT MC Tax Advantage Fund-Sr.III-Dir (G) 1.10 11065 1.32
Sundaram LT MC Tax Advantage Fund-Sr.III-Dir(IDCW) 1.10 11065 1.32
Sundaram LT MC Tax Advantage Fund-Sr.III (G) 1.10 11065 1.32
Sundaram LT Tax Advantage Fund-Sr.III-Dir (IDCW) 0.66 6658 1.78
Sundaram LT Tax Advantage Fund-Sr.III-Dir (G) 0.66 6658 1.78
Sundaram LT Tax Advantage Fund-Sr.III (IDCW) 0.66 6658 1.78
Sundaram LT Tax Advantage Fund-Sr.III (G) 0.66 6658 1.78
Sundaram LT MC Tax Advantage Fund-Sr.IV (G) 0.51 5116 1.27
Sundaram LT MC Tax Advantage Fund-Sr.IV (IDCW) 0.51 5116 1.27

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Share Price Returns

1 Week-5.01%%0.660.68%
1 Month10.51%%3.403.99%
3 Month12.66%%10.4711.64%
6 Month30.79%%12.4715.01%
1 Year61.96%%23.9828.32%
3 Year34.64%%48.8952.83%

Company Info

Company Information

Chairman (Non-Executive) : P R Venketrama Raja

Director : S S Ramachandra Raja

Independent Director : N K Ramasuwami Raja

Director : A V Dharmakrishnan

Independent Director : P P S Janarthana Raja

Independent Director : V Santhana Raman

Independent Director : K B Nagendra Murthy

Independent Director : SOUNDARA KUMAR

Director : P V Abinav Ramasubramaniam Raja

Independent Director : P A S Alaghar Raja

Director : P V Nirmala Raju

Company Sec. & Compli. Officer : K Maheswaran

Registered Office: Rajapalayam Mills Premises, P Box 1 PAC Ramasamy Raja Sala,Rajapalaiyam,Tamil Nadu-626117 Ph: 91-4563-235666