Suryavanshi Spinning Mills Ltd

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NSEBSE
Stock not tradded

24.900.43 (1.76%)

04:01 PM,29th Feb 2024

BSE : 514140

NSE : SURYVANSPG

Sector : Industrials

ISIN Code : INE431C01023

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  • 6M
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  • 5Y
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Last Updated: Feb 29 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

33.25

All Time High Date

16 Jan 1997

All Time Low

6.00

All Time Low Date

24 Feb 1999

Suryavanshi Spinning Mills Ltd

Suryavanshi Spinning Mills Ltd (SSML) was established in Dec.'78. Promoted by L N Agarwal and B N Agarwal & Associates the Company started its operations with spinning activity in 1978 with spindle capacity of 1728 and steadily grown to a capacity of 100000 by 2002. It installed Evenness Tester Machine for testing of cotton for all parameters like strength length of the fiber etc. Again it diversified into textile related activities and set up Knitting and Processing Plant under the same management. We have also entered into manufacturing of fashionable garments in the year 1997. Surryavanshi Group with this integrated activity of manufacturing of yarn to readymade garments has become a deep layer in the textile industry in India and also adding its share to the exports.SSML manufactured high count cotton yarn for hosiery and for weaving upto 1992-93. Later it diversified into the production of lower count blended yarn such as millange and polyester viscose yarn. The end-user segments are hosiery garments and textiles. Other group companies are Suryavanshi Cotton Mills and Suryalata Spinning Mills.SSML came out with a rights-cum-public issue in Aug.'94. The rights issue (premium : Rs 30) aggregating Rs 6.04 cr and the Rs 6.76-cr public issue (premium : Rs 60) financed for the expansion made to the spindleage at the Rajna unit by installing 10080 spindles; and by modernising the Bhongir unit in AP. The cost of the project was Rs 17.87 cr. The modernisation project under TUF which flagged off in year 2000 got completed. The Company set up another Garments Division near Bhongir unit situated in Nalgonda District Andhra Pradesh with a production capacity of 5000 pieces per day in 2003. During 2004-05 100% Export Oriented Unit of the Company situated at Chindwara District Madhya Pradesh was debonded and converted into Domestic Tariff Area (DTA) Unit effective 5th December 2002.The Scheme of Arrangement by way of Demerger between Suryavanshi Spinning Mills Ltd Aananda Lakshmi Spinning Mills Ltd and Sheshadri Industries Ltd became effective on August 21 2014. Accordingly Yarn Unit at Bhongir at Telangana of the Company was transferred to and vested into Aananda Lakshmi Spinning Mills Limited (ALSML) and Yarn Unit at Rajna Madhya Pradesh and Garment Units at Aliabad and Bhongir in the State of Telangana of the Company were transferred to and vested into Sheshadri Industries Limited (SIL). In terms of the Scheme of Arrangement 37 equity share of Rs 10/- each fully paid up of Sheshadri Industries Ltd and 26 equity share of Rs 10/- each fully paid up of Aananda Lakshmi spinning Mills Ltd were allotted to the shareholders of the Company for every 100 equity shares held in the Company.

Suryavanshi Spinning Mills Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

12

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

-1.24

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]-20.05
P/B Ratio (₹) [S]-1.24
[*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

23.53

25.65

Week Low/High

23.53

27.00

Month Low/High

23.53

31.00

Year Low/High

19.40

38.00

All time Low/High

1.35

220.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-4.19%%-0.90-1.06%
1 Month-14.81%%0.781.13%
3 Month4.84%%8.379.39%
6 Month0.16%%11.4113.65%
1 Year23.27%%22.9627.04%
3 Year302.26%%47.6651.30%

Company Info

Company Information

Managing Director & CFO : Rajender Kumar Agarwal

Independent Non Exe. Director : MANISH GUPTA

Independent Non Exe. Director : Sushma Gupta

Independent Non Exe. Director : Uttam Gupta

Company Sec. & Compli. Officer : Unnati Yadav

Registered Office: 6th Floor Surya Towers, 105 Sardar Patel Road,Secunderabad,Andhra Pradesh-500003 Ph: 91-40-27843333

Email:info@suryavanshi.com

URL:http://www.suryavanshi.com