Jyoti Overseas Ltd

Key Stats

Day's Price Range
52-Week Price Range

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

Jyoti Overseas JOL was incorporated in 1974 and promoted by B L Somani. It is managed by chairman B L Somani and managing director Pramod Somani. The company has a wholly owned subsidiary in the name of Jyoti Overseas US. JOL is a leading manufacturer of highquality industrial fabrics with a major portion of the companys earnings coming from exports. The company was awarded the Star Exporter status in 1990 and was subsequently recognised as an Export House by the Government of India in 1994. It exports to over 15 countries including the US Canada the UK Australia etc. The subsidiary company is engaged in the distribution of industrial fabrics with local offices in California and South Carolina. The company won the Export Excellence Award from the MP Importers and Exporters Association in 1993 and 1994.Presently the company has an installed capacity of 80 looms. The company now plans for further expansion by installing additional 54 Picanol looms to meet the increasing demand for its products particularly in the export market. The commercial production of the expanded capacity will commence from Oct 96.In 199596 the company earned foreign exchange worth Rs 33.51 cr.In 199697 the company expanded its installed capacity by adding 154 picanolmake shuttle looms imported from Holland under EPCG License.The Company is implementing the final phase of its expansion programme envisaging import of 20 Airjet Looms from picanol N V Belgium. The Looms have been installed and the trial run is expected to be started in September2000.
OrganisationJyoti Overseas Ltd