GSL Nova Petrochemicals Ltd

Key Stats

₹0.53
Day's Price Range
₹0.53
₹0
52-Week Price Range
₹0.53

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 113
EPS
Rank 114
BVPS
Rank 140
Dividend Yield
Rank 42
ROE
Rank 192
0.04%
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Promoted by Gupta Synthetics Ltd Gupta Silk Mills Pvt Ltd of the Gupta group and Chiripal Twisting Sizing Pvt Ltd and Shanti Processors Ltd the Chiripal group Nova Petrochemicals Ltd NPL was incorporated on 23rd Dec93 in Gujarat. NPL is engaged in the processing of all types of petrochemicals and related products and byproducts like natural gas and synthetic gas naphtha hydrogen methane ethane propane abutane propylene etc.During 1995 the company came out with a public issue of equity shares at premium aggregating Rs.13.69 cr to set up a plant to produce partially oriented yarn POY with an installed capacity of 11977 tpa. This capacity was installed during 199697. This is a backward integration project wherein 55 of the annual production of POY will be consumed by the Gupta group.The second expansion has also been partly completed after installation of 24 Nos of Winders and 2 Nos of Draw Twisting Machines as appraised by Gujarat Industrial Investment Corporation Ltd and to implement third expansion by installing Two POY Lines 6 Nos of Texturising Machines. The installation of the 5th POY Line has already been completed and also commenced commercial production from 1st July 1999. 6th POY Line has commenced commercial production Out of the 6 Nos. of texturising machines one texturising machine has already commenced commercial production. Balance five texturising machines are expected to be installed and to commence the commercial production during the year.The third expansion relating to installation of 2 Nos of POY lines and 6 Nos of texturising machines has almost been completedTo manufacture Polyester Chips the company went for backward integration where in the total installed capacity was 49000 TPA.The total estimated cost is around Rs.30 crores out of which UCO bank has already sanctioned a Term Loan of Rs.18 crores and balance the through internal cash accruals.AIt has installed 8 lines of Fully Drawn Yarn with a capacity of 16464 TPA in 200203.
OrganisationGSL Nova Petrochemicals Ltd
HeadquartersAhmedabad
IndustryTextiles