Ambika Cotton Mills Ltd
Ambika Cotton Mills Ltd (AMBIKCO)

Ambika Cotton Mills Ltd (AMBIKCO)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-11.31 %
3 Month Return3.99 %
1 Year Return-12.25 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 463
Rank 467
Rank 542
Dividend Yield
Rank 185
Rank 58
Price To Book Ratio
Rank 365
Debt To Asset
Rank 529

Company Information

Promoted by P K Ganeshwar M Rathanasamy and P V Chandran Ambika Cotton Mills Limited ACML was incorporated as Ambika Cotton Mills Private Ltd on 6 Oct.88 and subsequently converted into a public limited company on 5 Sep.94.ACMLs plant located in Dindigul Tamil Nadu with an initial capacity of 6048 spindles commenced operations in Jan.90. In 1992 the company implemented its expansion plan to double its spindleage to 12096 spindles and the same was successfully completed in Mar.93. ACML added comber machines to its production line and humidification systems in 1994 funded by SIPCOT through a term loan of Rs 90.86 lac. The company manufactures combed and carded cotton yarn of counts ranging from 30s to 40s. During Jun.96 ACML came out with an offer for sale of 15.15 lac equity shares of Rs 10 each for cash at a premium of Rs 68 aggregating Rs 1181.70 lac to part finance its expansion plan to increase the existing capacity by 9072 spindles to 21168 spindles and modernise its process by installing an autoconer. It has already commissioned the expansion project. ACML plans to instal four more autoconers to enable it to export 100 production.The company commenced a modernisation cum balancing scheme envisaging modernisation of UnitI and addition of certain balancing equipment in UnitII at an estimated cost of Rs.1370 lakhs.The total programme had been assisted by a Term Loan under TUFS to the exten of Rs.1050.00 lakhs by IDBI.
OrganisationAmbika Cotton Mills Ltd