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Siyaram Silk Mills Ltd.

BSE: 503811 Sector: Industrials
NSE: SIYSIL ISIN Code: INE076B01028
BSE 13:36 | 20 Oct 438.00 -5.90
(-1.33%)
OPEN

444.00

HIGH

445.40

LOW

429.00

NSE 13:29 | 20 Oct 434.95 -8.55
(-1.93%)
OPEN

443.00

HIGH

448.30

LOW

430.55

OPEN 444.00
PREVIOUS CLOSE 443.90
VOLUME 11863
52-Week high 467.20
52-Week low 132.25
P/E 23.99
Mkt Cap.(Rs cr) 2,052
Buy Price 434.65
Buy Qty 16.00
Sell Price 435.95
Sell Qty 9.00
OPEN 444.00
CLOSE 443.90
VOLUME 11863
52-Week high 467.20
52-Week low 132.25
P/E 23.99
Mkt Cap.(Rs cr) 2,052
Buy Price 434.65
Buy Qty 16.00
Sell Price 435.95
Sell Qty 9.00

Siyaram Silk Mills Ltd. (SIYSIL) - Company History

Incorporated in Jun.'78 as a private limited company Siyaram Silk Mills (SSML) was converted into a public limited company in 1980. The company belongs to the Siyaram-Poddar group. Other group companies are Balkrishna Industries and Govind Rubber. Siyaram Finance is SSML's subsidiary.The company manufactures and markets textiles cotton woollen synthetics and synthetic blends etc. The main product of SSML is polyester blended worsted fabrics. In Jul.'93 SSML came out with a Rs 15.37-cr rights issue of 18% PCDs to part-finance the Rs 16.56 cr expansion-cum-modernisation project.In 1998-99 the company installed 4 Sulzer Looms at Silvassa and 8 Dornier Looms at Tarapur Plants at a total cost of Rs 232 Lacs. During 2000-01 the company has installed 16 Air Jet Looms along with the other preparatory machines at its silvassa plant. The total cost of the project is Rs.35 crores and this has been partly financed by bank and balance through internal accruals of the company. The balance 24 looms has commenced its commercial production in 2002-03.

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