Chhabra Spinners Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 458
Rank 463
Rank 529
Dividend Yield
Rank 186
Rank 591
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

Incorporated in Sep.89 as a private limited company Chhabra Spinners was converted into a public limited company in Jan.95. The company set up a spinning unit at Dhamnod Madhya Pradesh which commenced commercial production in Apr.91. It was promoted by Satnam Singh Chhabra Mandeep Singh Chhabra and Gurdeep Singh Chhabra.The company undertook an expansion programme in 199394 to install an additional 3840 spindles and necessary balancing equipment. The scheme was completed by Jun.94. Again in 199495 the company envisaged the expansion of its capacity in two phases. In the first phase which became operational partially in Apr.95 it installed additional 6048 spindles to raise the total capacity to around 10000 spindles. In the second phase it installed two autoconers and 2520 additional spindles.The company came out with a public issue in Feb.96 to partfinance its project.During 199697 company has recorded a higher sales other income of Rs. 21.61 cr as compared to 15.47 cr in the previous year. The cotton price was higher during the year so therefore operating profit was effected. Company has increased the installed capacity of Yarn by 90 MT.
OrganisationChhabra Spinners Ltd