Gem Spinners India Ltd

Gem Spinners India Ltd (GEMSPIN)


Key Stats

Day's Price Range
52-Week Price Range
3 Month Return-46.13 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 459
Rank 464
Rank 529
Dividend Yield
Rank 186
Rank 592
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

Gem Spinners India GSIL was incorporated in Oct.90 as Gem Spinning and Weaving Mills. The name was subsequently changed to the present one in Apr.92. R Veeramani is the Chairman and Managing Director. The company is in the business of textiles. Its products are cotton yarn in the count range from 20s to 100s and knitted fabric. The plant is located in the Kancheepuram district of Tamilnadu. To partfinance its project of setting up a 100 EOU for the manufacture and export of cotton yarn and knitted cotton fabrics GSIL went public with its maiden issue in Jan.94. The plant and machinery consisting of blow room carding machines draw frames combing machines simplex machines ring frames and winding machines are from Germany Italy and Switzerland whereas the knitting machines are from Singapore. GSIL exports to Japan Korea Taiwan Malaysia Hong Kong etc. In 199596 it diversified into garment exports and created a new division for this purpose.During 199697 company has installed 3 diesel generator sets of 1000 KVA to overcome the power cut.The companys GEM brand has established world high quality standards and is regarded as one of the best yarn in the world.The company as informed in 1999 has been declared Sick by BIFR and the Board has appointed IDBI as Operating Agency. The face value of equity shares was reduced to Rs.5 per share.
OrganisationGem Spinners India Ltd