Soma Textiles & Industries Ltd

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NSEBSE

27.601.30 (4.94%)

03:48 PM,1st Mar 2024

27.731.32 (5.00%)

04:01 PM,1st Mar 2024

BSE : 521034

NSE : SOMATEX

Sector : Others

ISIN Code : INE314C01013

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

91

Turnover (₹ Cr)

0.00

Volume (Shares)

12774

Face Value

10

52-WK High

50.25

52-WK High Date

24 Mar 2023

52-WK Low

15.70

52-WK Low Date

05 May 2023

All Time High

64.25

All Time High Date

19 Sep 2005

All Time Low

1.00

All Time Low Date

27 Jun 2001

Soma Textiles & Industries Ltd

Soma Textiles & Industries Ltd. was originally established 'R.B. Rodda & Co. Ltd.' in March 1940 and the name of the Company was changed to Soma Textiles & Industries Ltd. on 21st January 1992. The Ahmedabad unit of Soma Textiles & Industries was taken over in 1969 and a major modernisation and expansion programme was carried out to revive it. The Company was one of the first units to manufacture Indigo Denim in 1986. In 1994 the Company commissioned its 100% export-oriented spinning unit (cap.: 30204 spindles) at a capital outlay of Rs 74 Cr. The Company is currently engaged in Trading of Cotton. Its principal products include cotton yarn and cotton fabrics as also blended yarn and man-made fabrics. In 1995 it replaced 20 narrow-width Ruti looms with 12 Sulzer 390 cm wide-width looms. To achieve better capacity utilisation six Sulzer wide-width looms along with one Schlafhorst Rotor Spinning Machine and other balancing machines were installed and commissioned in Sep.'95. Due to the recessionary trend experienced by the Textile industry and the depressed export market the steep competition from the unorganised sector resulted in erosion in the profitability of the Company during year 1999-2000.To increase the production of Denim Fabrics the Company installed 20 Second hand Picanol Airjet Looms.The Company had taken up diversification In its present production plant and added two new products during March 2004 viz woolen fabrics and knitted fabrics for which it set up new facilities. The Continuous Bleaching and Dyeing machines along with ancillary equipments were commissioned at the Ahmedabad Unit during the year 2005. With the installation and commencement of the steamer in the continuous Dyeing the Company became fully equipped to to produce new range of shades for fabrics in 2007. It installed 15 Ring frames with automatic doffing equipment. A capacity to produce 5000 pcs. of garments per day was set up in Ahmedabad Unit in 2007. A wholly owned Subsidiary named Soma Textile FZE was incorporated and registered in Hamriya Free Zone Sharjah UAE in 2007. During year 2009-10 Soma Textile FZE an overseas wholly owned subsidiary of the Company raised its Share Capital from AED 300000 to AED 750000. The subsidiary Company therefore allotted additional 450 shares of AED 1000 each to two other foreign shareholders i.e. 225 shares each of an aggregate value of AED 450000 and that resulted in dilution of Company's holding in its subsidiary to 40% from 100% in the paid up capital of its subsidiary. Consequent upon this Soma Textile FZE ceased to be a subsidiary of the Company on 31st March 2010 and upon dilution of the Company's holding to 40% from 100% in the paid up capital of the said subsidiary it became an Associate of the Company. The Company expanded the Denim process in 2014. The Baramati Cotton to M/s. GTN (Energy (India) Ltd.) at a lumpsum consideration of Rs 29.80 Cr. in June 2013.

Soma Textiles & Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

91

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

1.20

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]22.99
P/B Ratio (₹) [S]1.20
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

27.60

27.60

Week Low/High

22.85

29.00

Month Low/High

20.85

29.00

Year Low/High

15.70

50.00

All time Low/High

0.95

64.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week14.90%15.72%0.820.57%
1 Month30.74%32.37%2.932.96%
3 Month38.35%39.75%9.2810.22%
6 Month41.39%44.13%12.7814.94%
1 Year12.24%13.58%24.1328.01%
3 Year268.00%242.86%47.9351.33%

Company Info

Company Information

Chairman (Non-Executive) : S K Somany

Managing Director : A K Somany

Executive Director : Shrikant Bhat

Independent Director : B K Hurkat

Independent Director : Nisha Singh

Independent Director : Malay H Shah

Company Sec. & Compli. Officer : Reena Prasad

Registered Office: 2 Red Cross Place, ,Kolkata,West Bengal-700001 Ph: 91-33-22487406/7

Email:investors@somatextiles.com

URL:http://www.somatextiles.com