Ludlow Jute & Specialities Ltd

Ludlow Jute & Specialities Ltd (526179)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return2.82 %
3 Month Return6.88 %
1 Year Return-0.93 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 463
Rank 467
Rank 107
Dividend Yield
Rank 38
Rank 369
Price To Book Ratio
Debt To Asset
Rank 381

Company Information

Aekta Ltd. a whollyowned subsidiary of Kanoria Chemicals Industries is into manufacture of jute yarn webbing geotextile polyjute bags hessian etc.Aekta which commenced activities in Jan 1980 got transferred the Ludlow Jute mill from Kanoria Chemcials Inds LtdKCIL. The Ludlow Jute Mill set up under American ownership in 1921 was acquired by KCIL ion 1977. The company upgraded Ludlow Jute Mill through various modernisation schemes sanctioned by financial institutions. The first phase cost: Rs 5.20 cr was completed in Jun.92 and the second in 199394. The cotton yarn unit at Gurgaon Haryana has 17020 spindles and 576 rotors. Aekta strengthened its technological base through modernisation and introduction of new products. It invested in specialised equipment including circular looms automatic looms newtechnology spinning frames and other specialised equipment. It has obtained the ISO 9002 certification for its jute division and is the first mill to have obtained this quality mark for all its products. The scheme of arrangement between Ludlow Securities and the company earlier filed in the court was withdrawn by the company and now a fresh scheme of arrangement is being submitted to the Honble High Court of Calcutta.The company as part of its restructuring plant has transferred Sijberia Division to its wholly owned subsidiary Ludlow Securities Ltd operative from Oct 10 2003.
OrganisationLudlow Jute & Specialities Ltd