Chitradurga Spintex Ltd

Chitradurga Spintex Ltd (521244)


Key Stats

Day's Price Range
52-Week Price Range
3 Month Return44.6 %
1 Year Return154.75 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 140
Dividend Yield
Rank 42
Rank 196
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Chitradurga Spintex CSL was incorporated as a private limited company in Dec.90 and was converted into a public limited company in May 92. It was promoted by S Rajasekharappa S Vishwanath and S Chandrasekhar.The company set up a plant to manufacture cotton yarn of 4s to 20s count at Challakere Chitradurga district Karnataka with termloan assistance from KSIIDC and KSFC. PhaseI of the project commenced commercial production in Feb.93.In 1995 in the phaseII of the project the company diversified into low count cotton yarn of 4s and 6s count by importing conversion kits from Flitex Corveny Kosetec Czech Republic and also expanded the existing capacity of phaseI. The company came out with a public issue of 30 lac equity shares of Rs 10 each for cash at par aggregating Rs 3 cr in Jan.95 to partfinance phaseII of its project. The company has replaced new 320 KVA DG set in the place of old 320 KVA DG set to take better advantage. It has also installed chute feeding system to blow room line at a cost of Rs 26 lac to improve quality of finished goods and also the production.
OrganisationChitradurga Spintex Ltd