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Loyal Textile Mills Ltd

Loyal Textile Mills Ltd (LOYALTEX)

₹599▲5.92%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Loyal Textile Mills Ltd share Performance

₹559.8
₹629.95
₹599
6.54%
Low
Day's Volatility:11.71%
High
5.17%
₹484.2
₹774.9
₹599
19.17%
Low
52 Weeks Volatility:48.53%
High
29.37%

Returns %
1 Month Return	0.81 %
3 Month Return	-17.8 %
1 Year Return	-19.31 %

Market Stats
Previous Close	₹565.50
Open	₹568.15
Volume	5,644.00
Upper Circuit	-
Lower Circuit	-
Market Cap	₹272.57Cr

Company Information

Loyal Textile Mills is a Tamilnadu-based company founded in 1946, producing cotton yarn, fabric, hosiery, cloth, and caps in India. It additionally exports 27% of its production to countries like the US, Russia, Germany, Spain, Switzerland, UK, and Portugal. The company was the first to introduce tandem-carding in the ‘70s and was also the first to introduce air-splicing and automatic cone-winding technology that enables electronic controls to detect and mend yarn defects. It had an expansion-modernisation project in 1987 where it set up 100 airjet looms to weave polyester-blended suitings. The expansion further continued in 1998-99 to increase the company's installed capacity of ring spindles, rotors, and automatic looms to 53,492, 3,768, and 285 respectively, and in 2000-01, the company increased its stake in a Joint Venture Company in Italy to 47.50%. Additionally, it entered into a JV agreement with M/s Dimco SA Greece in 2000-01 for the formation of a JV company in Greece for marketing of garments. The company has invested approximately Rs. 3,358.44 lakhs on machinery/modernisation and for the installation of a power plant.

Share Price: ₹599.00 per share as on 02 May, 2024 04:01 PM
Market Capitalisation: ₹272.57Cr as of today
Revenue: ₹204.17Cr as on December 2023 (Q4 23)
Net Profit: ₹-2.18Cr as on December 2023 (Q4 23)
Listing date: 11 Aug, 2022
Chairperson Name: Valli M Ramaswami

Organisation	Loyal Textile Mills Ltd
Headquarters
Industry	Textiles
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Key events for Loyal Textile Mills Ltd

Loyal Textile Mills' Low P/S Ratio Reflects Weak Revenue Growth - 08 Apr, 2024
Loyal Textile Mills Limited's low price-to-sales ratio (P/S) of 0.3x may indicate bullish signals, but its recent revenue performance has been inconsistent and trailing the industry. The company experienced a 31% decrease in revenue over the last year, erasing any gains achieved during the previous three years. Shareholders are accepting the low P/S as they concede future revenue probably won't provide any pleasant surprises.

Fundamentals of Loyal Textile Mills Ltd

Insights on Loyal Textile Mills Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, -14.13 Cr → -2.18 Cr (in ₹), with an average increase of 548.2% per quarter
NO EFFECT
Against Peers
In the last 1 year, Swan Energy Ltd has given 163.6% return, outperforming this stock by 182.9%
NO EFFECT
Retail Holding Unchanged
Retail Investor holdings remained unchanged at 26.42% of holdings in Mar 2024 quarter
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 73.50% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 3 years, Swan Energy Ltd has given 372.9% return, outperforming this stock by 357.6%
NEGATIVE IMPACT
Price Dip
In the last 1 year, LOYALTEX stock has moved down by -19.3%
NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 4 quarters, 355.38 Cr → 228.49 Cr (in ₹), with an average decrease of 13.6% per quarter