Binny Ltd
BINN

Binny Ltd (514215)

₹3053.38%

Key Stats

₹277.05
Day's Price Range
₹325
₹165.8
52-Week Price Range
₹428.7
1 Month Return15.73 %
3 Month Return-6.43 %
1 Year Return7.95 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 458
EPS
Rank 463
BVPS
Rank 257
₹42.95
Dividend Yield
Rank 185
ROE
Rank 285
7.34%
Price To Book Ratio
6.86
Debt To Asset
Rank 464
0.23

Company Information

Incorporated in 1799 Binny BL is managed by M Ethurajan the executive chairman and E Shanmugam the wholetime director. The company is into textiles engineering services shipping travel etc. The major promoter of BL is the Rs 16bln ETAAscon Dubai which is forging a major thrust on the export front as part of a restructuring plan designed to take over one of the oldest textile companies. The Dynamix group joined hands with BL in Sep.94. The Dynamix group consists of Metro Shoes ETAAscon Conwood Hiranandani Constructions and IndoSaigon. BL was sanctioned a rehabilitation scheme by the BIFR in Aug.94. The scheme envisages restructuring the company by hiving off its engineering division and processhouse into two separate companies and modernising the textile division with labour rationalisation.As a part of the modernisation efforts of the B C Mills at Perambur the company already installed 120 Nos Rapier Looms and further imported 50 NosAir Jet Looms 20 High Speed Card 17000 spindles of Rieter Machines with Link Corners. Due to unprecedented rain in mid of June96 the company suffered heavly on part of extensive damage to the plant Machinery and substantial loss of stock of raw material semifinished and finished goods. Consequently the operation of the mills was suspended from June96. The matter is still under dispute about reopening of the mills. As a part of modernisation plan machinery consisting of 90 Nos. of Picanol PGW Rapier Shuttleless weaving machinery were installed. Due to the amounting losses the company has become a sick industrial company. Accordingly a reference has been made to the Board for Industrial and Financial Reconstruction.In 19992000 the company has received trophy for highest exports in the category of Non SSI for the year 9899. The company has also received Safety Performance Recognition Certificate from BECHETEL INC for Dabhol Power Project Phase II.
OrganisationBinny Ltd
HeadquartersChennai
IndustryRealty