AB Cotspin India Ltd

AB Cotspin India Ltd (ABCOTS)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return3.49 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 3
Dividend Yield
Rank 2
Rank 3
Debt To Asset
Rank 3

Company Information

AB Cotspin India Ltd was originally incorporated as Ganga Cottex Private Limited at Jalandhar as a Private Limited Company under provisions of Companies Act 1956 vide Certificate of Incorporation dated June 23 1997. Subsequently the Company was converted from Private Limited Company to a Public Limited Company pursuant to a special resolution passed by members of the Company in the Extraordinary General meeting held on March 20 2010 and its name was changed to Ganga Cottex Limited. Further name of the company was changed to AB Cotspin India Limited and a fresh Certificate of Incorporation dated December 24 2010 consequent upon change of name was issued by Registrar of Companies Punjab Himachal Pradesh and Chandigarh. The company is primarily engaged in manufacturing of cotton yarn knitted fabric cottonseed oil and oilcakes. It has presently one manufacturing facility which is located at Jaitu Dist Faridkot Punjab.In 1997 the company started its journey in the name of Ganga Cottex Private Limited with Cotton ginning plant. In 2000 the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded the product basket with the addition of cotton seed oil mustard oil and oil cake.In 2011 the company ventured in manufacturing cotton yarn by setting up a spinning plant. In 2014 the company installed a knitting machine and thus forayed into manufacturing of knitted fabric.In 2015 a Membership certification of Better Cotton Initiative BCI was obtained by the company. In 2016 the company was accrediated as One Star Export House by DGFT.In 2018 the company was awarded First Prize for Largest Reduction in Accident Frequency in Cotton Textile Industry 1 Lakh 5 Lakh man hours by the Directorate of Factories Punjab Punjab Industrial Safety Council. In 2021 the Company holds SCOPE certificate that certifies that products such as Greige yarns Fibres Greige fabrics comply with Global Organic Textile Standard GOTS.
OrganisationAB Cotspin India Ltd