Sumeet Industries Ltd

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NSEBSE

4.000.05 (1.27%)

09:19 AM,28th Feb 2024

3.94-0.05 (-1.25%)

09:27 AM,28th Feb 2024

BSE : 514211

NSE : SUMEETINDS

Sector : Industrials

ISIN Code : INE235C01010

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

Market Cap (₹ Cr)

41

Turnover (₹ Cr)

0.00

Volume (Shares)

8500

Face Value

10

52-WK High

5.30

52-WK High Date

19 Dec 2023

52-WK Low

2.00

52-WK Low Date

06 Jul 2023

All Time High

34.66

All Time High Date

22 Jul 2011

All Time Low

1.20

All Time Low Date

01 Apr 2020

Sumeet Industries Ltd

Sumeet Industries Ltd.(formerly known as Sumeet Synthetics Ltd) was incorporated on 1 Aug.'88 as a private limited company and was converted into a public limited company on 1 Feb.'92. The Company is the Manufacturer and Exporter of Polyester Chips Polyester Filament Yarn (POY & FDY) and Polypropylene Multifilament Yarn. Its plant in the Surat district of Gujarat has an installed capacity to manufacture 2000 tpa of Polypropylene Multi-Filament Yarn in technical collaboration with Neumunstersche Maschinen Und Anlagenbau (Neumag) Germany. The expansion programme which was taken up in 95-96 to increase the installed capacity at a cost of around Rs.6 Crore was completed fully.During 1996-97 the company increased its installed capacity of Twisted yarn by 300 TPA. During 1997-98 the company has increased installed capacity of Polypropylene POY by 1000 TPA it is also concentrating on export marketing.During 1998-99 company has increased the installed capacity of Twisted yarn by 1200 TPA & Polypropylene POY by 540 TPA.M/s Somani Industries (Nepal) Pvt Ltd has been established as subsidiary company in the year 2000-2001.The company has expanded the installed capacity of Texturised Yarn during the financial year 2003-04 by 600 Tonnes and with this expansionthe total capacity has risen to 3300 Tonnes.The company has been awarded Gold Trophy by Synthetic and Rayon Export Promotion Council for highest export performance of non fabrics category in South Gujarat Region over the period 2001 to 2004.The company has installed a power plant and has been started generating power.The 2.50 MW coal based power plant has been installed with investment of Rs.5.60 crores.During the year 2009-10 the Company commissioned 100000 TPA Continuous Polymerization ( C.P. ) Plant and 23500 TPA of POY Plant and 21000 TPA of FDY Spinning Plant. It commissioned 6 MW Gas based Genset Captive Power Plant as Expansion cum Backward Integration Project costing Rs 145 Cr. thereby enhancing capacity of captive power generation by 8.5 MW at the company's plant at Karanj Surat.In FY 2011-12 it commissioned Polyester Filament Yarn (POY & FDY) a direct spinning unit through MEG and PTA thereby total capacity of the Spinning Plant was increased from 53000 TPA to 100000 TPA. It also commissioned 8.6 MW Gas based Genset Power Plant thereby enhancing the total capacity of captive power generation to 17 MW. And resulting to this the Company began the commercial production in May 2012. During the year 2011-12 Company made equity offering to Qualified Institutional Buyers (QIBs) and allotted 18294578 Nos. of Equity shares of Face Value of Rs. 10/- each at a price of Rs. 30.25 (including premium of Rs.20.25 per equity share) to part finance its Rs. 150 Crores expansion project for enhancing its spinning capacity.In 2012-13 it commissioned Wastage Recycling Plant with 5400 TPA capacity which commenced commercial production in June 2013. It also set up 66 KV Sub- stations at its plant and taking supply of power from DGVCL. In 2013-14 it increased spinning capacity of FDY production by upgrading old eight end winders by replacing them with twelve end high speed winders and thereby total capacity of the FDY production was increased from 40600 TPA to 51450 TPA. It also set up 66 KV Sub-station at its plant and taking supply of power from DGVCL. The Company incorporated a wholly owned subsidiary company 'Sumeet Global Pte Ltd.' in Singapore in the year 2014.The Company commissioned 4 new Texturising Machines with total capacity of 7200 TPA in 2014.

Sumeet Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

41

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

-0.61

Face Value (₹) 10
Latest Dividend (%)4.00
Latest Dividend Date 20 Sep 2012
Dividend Yield (%) -
Book Value Share (₹) [S]-6.51
P/B Ratio (₹) [S]-0.61
[*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

3.95

4.00

Week Low/High

3.35

4.00

Month Low/High

3.35

5.00

Year Low/High

2.00

5.00

All time Low/High

0.86

35.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week8.70%9.59%0.660.72%
1 Month%%3.404.03%
3 Month-4.76%%10.4711.69%
6 Month83.49%81.82%12.4715.06%
1 Year26.98%29.03%23.9828.38%
3 Year%%48.8952.89%

Company Info

Company Information

Chairman & Exec. Director : Shankar Lal Somani

Managing Director : Sumeet Kumar Somani

Company Sec. & Compli. Officer : Anil Kumar Jain

Independent Director : Manoj Kumar Ganeshmal Jain

Independent Director : Zeel Sureshkumar Modi

Independent Director : Vikash Kumar Kamalsingh Chandaliya

Independent Director : Saurav Santosh Dugar

Registered Office: 504 Trividh Chambers, Opp Fire Station Ring Road,Surat,Gujarat-395002 Ph: 91-261-2328902

Email:sumeetindus@yahoo.com

URL:http://www.sumeetindustries.com