Amarjothi Spinning Mills Ltd (521097)

Amarjothi Spinning Mills (ASM) was established in 1987 before converting into a public limited company in 1991. N Rajan is the current Chairman. ASM went public with its first issue in 1993 to fund a spinning mill with an initial capacity of 12096 spindles to manufacture cotton yarn in Pudusuripalayam, Tamilnadu. To finance part of the project, it issued secured shares worth Rs. 2.20 crores in a private placement. During the first year of operations, 199495, it had raised capital through public issue. The installed capacity was increased by 6016 spindles to 18992 in 199697. A modernisation programme was carried out in 20002001 and it extended its spindles capacity to 4752. The company has installed advanced machinery such as blow room carding machines, draw frames, simplex frames, ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost India.

Share Price: ₹181.50 per share as on 03 May, 2024 04:01 PM
Market Capitalisation: ₹125.15Cr as of today
Revenue: ₹34.37Cr as on December 2023 (Q4 23)
Net Profit: ₹2.51Cr as on December 2023 (Q4 23)
Listing date: 08 Jan, 2010