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Sambandam Spinning Mills Share Price

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NSEBSE
Stock not traded

154.85-5.15 (-3.22%)

12:00 AM,16th Apr 2024

BSE : 521240

NSE : SAMBANDAM

Sector : Industrials

ISIN Code : INE304D01012

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Last Updated: Apr 16 2024 | 12:00 AM 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

171.00

All Time High Date

01 Nov 2010

All Time Low

51.10

All Time Low Date

18 Jun 2012

Sambandam Spinning Mills Ltd

Sambandam Spinning Mills Ltd (SSML) was incorporated in 1973. The Company is into the business of manufacture of Yarn (cotton synthetic etc.) and Fabric. It has 4 manufacturing locations around Salem 12.35 MW Wind Energy Converters located in Tirunelvelli District Tamil Nadu State and 9MW of solar energy plants which produce electricity for its own consumption and for sale. The Company manufactures yarn at its three spinning mills in Tamil Nadu of which two are in Salem district and one in Coimbatore district. It allotted bonus shares in the ratio of 1:2 in May '94. Subsequently in Aug.'94 it offered rights at a premium of Rs 40 per share. Presently the total installed spinning capacity of the mill is 47356. SSL went public in Jan.'95 at a premium of Rs 40 to part-finance its expansion programme to have an installed capacity of 50460 spindles. This is likely to be completed in Mar.'97. The company started a windmill project from Sep.'95 to generate 225 kW power at Poolavadi in Coimbatore district. In 1995-96 SSL earned foreign exchange worth Rs 33 lac. During 1996-97 due to uptrend in the price of Yarn and Cotton the company is not in a position to hazard any favourable change in the profitability of the company. In 1996-97 SSL earned foreign exchange worth Rs. 98 Lacs. In May 1998 the company was awarded the ISO 9002 Qality Accreditation certificate by SGS a testimony for quality work processes.During the year 1999-2000 the Company availed term loans from financial institutions towards working capital to an extent of Rs. 1070 lakhs and repaid term loans to an extent of Rs. 316 lakhs. The Company also incurred capital expenditure of Rs. 187 lakhs during the year.The Company energized two Wind energy converters (WEGs) at a cost of Rs.1238 Lakhs in Tirunelveli District during the year 2005-06. It energized three Wind Energy Converters (WECs) costing Rs.18.60 crores in Uthumalai Village Tirunelveli District Tamil Nadu during the year 2006-07. The Company's modernisation and expansion programme implemented costing Rs.40 crores during the year 2006-07 resulting in addition of 13392 spindles started functioning during the year. Company's expansion project involving installation of 10800 spindles was commissioned in July 2008.During the year 2010 3600 Spindles were added to the capacity in third unit thereby increasing the total installed capacity to 89052 spindles from 85452 Spindles. During the year 2020-21 the Company started operating its Unit IV (with 27000 spindles) from June 2021 consisting of spinning plant and machinery which was purchased from Kandhagiri Spinning Mills Ltd (KSML )during the month march FY 19-20 and thereby the expanded capacity was put to use fully and functioning as Unit IV of SSML

Sambandam Spinning Mills Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

65

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

0.68

Face Value (₹) 10
Latest Dividend (%)50.00
Latest Dividend Date 15 Sep 2022
Dividend Yield (%) -
Book Value Share (₹) [S]227.94
P/B Ratio (₹) [S]0.68
[*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

154.20

156.95

Week Low/High

151.05

175.00

Month Low/High

138.10

175.00

Year Low/High

128.45

208.00

All time Low/High

7.60

295.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-5.00%%-2.33-2.19%
1 Month3.72%%0.410.57%
3 Month-9.23%%-0.250.52%
6 Month-6.60%%10.2412.24%
1 Year10.33%%20.7124.23%
3 Year98.53%%49.3851.51%

Company Info

Company Information

Chairman & Managing Director : S Devarajan

Joint Managing Director : S Jegarajan

Joint Managing Director : S Dinakaran

Director : D Sudharsan

Independent Director : S Gnanasekharan

Independent Director : Kameshwar M Bhat

Company Sec. & Compli. Officer : S Natarajan

Independent Director : VENKATESAN SEKAR

Independent Director : D Balasundaram

Independent Director : Annapoorani Venugopalan

Independent Director : S Bhaskaran

Director (Technical) : J Sakthivel

Director (Marketing) : D NiranjanKumar

Registered Office: Mill Premises Post Bag No 1, Kamaraj Nagar Colony,Salem,Tamil Nadu-636014 Ph: 91-0427-2240790 (5 Lines)

Email:corporate@sambandam.com; cs@sambandam.com

URL:http://www.sambandam.com