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Siyaram Silk Mills Ltd.

BSE: 503811 Sector: Industrials
NSE: SIYSIL ISIN Code: INE076B01028
BSE 00:00 | 26 Feb 224.10 -0.95
(-0.42%)
OPEN

225.75

HIGH

226.00

LOW

220.00

NSE 00:00 | 26 Feb 224.20 0.25
(0.11%)
OPEN

223.00

HIGH

226.80

LOW

223.00

OPEN 225.75
PREVIOUS CLOSE 225.05
VOLUME 966
52-Week high 467.00
52-Week low 192.05
P/E 11.04
Mkt Cap.(Rs cr) 1,050
Buy Price 224.10
Buy Qty 9.00
Sell Price 224.10
Sell Qty 12.00
OPEN 225.75
CLOSE 225.05
VOLUME 966
52-Week high 467.00
52-Week low 192.05
P/E 11.04
Mkt Cap.(Rs cr) 1,050
Buy Price 224.10
Buy Qty 9.00
Sell Price 224.10
Sell Qty 12.00

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.