Mohite Industries Ltd

Mohite Industries Ltd (532140)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return2.58 %
3 Month Return30.76 %
1 Year Return37.97 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 56
Rank 216
Rank 244
Dividend Yield
Rank 184
Rank 460
Price To Book Ratio
Rank 31
Debt To Asset
Rank 289

Company Information

Incorporated on 31st Oct.90 as a public limited company R M Mohite Textiles RMMTL was promoted by Rsmchandra Maruti Mohite Dilip R Mohite A R Mohite Arvind G Gaonkar and Shivaji R Mohite. It obtained the certificate of commencement of business on 22nd Mar.91.The company set up a 100 export oriented cotton spinning unit to manufacture carded and combed yarn which commenced commercial production on 2nd May93.RMMTL came out with a public issue in Dec.96 to partfinance its 100 EOU expansion project to manufacture a variety of cotton yarn 30/1s combed and carded count. Looking to the high potential of the cotton yarn exports company has gone for expansion by setting up of 12096 spindles. The cost of expansion project was Rs 36.00 crores. Commercial operations relating to the expansion project was started from 1st October 1998. The quality of yarn produced is well appreciated by many overseas buyers and overall market. The company planned for an investment of Rs. 7 crores under the Technology Upgradation Scheme and IDBI has sanctioned as the above as Term Loan.
OrganisationMohite Industries Ltd