Nagreeka Exports Ltd

Nagreeka Exports Ltd (NAGREEKEXP)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return10.06 %
3 Month Return-29.5 %
1 Year Return-13.95 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 458
Rank 463
Rank 134
Dividend Yield
Rank 101
Rank 1031
Price To Book Ratio
Debt To Asset
Rank 319

Company Information

Incorporated in Mar.89 Nagreeka Exports NEL was promoted by Chairman Ishwarlal Patwari. NEL was started to set up a 100 exportoriented spinning unit for cotton yarn. This unit has an installed capacity of 26208 spindles and is located in the Kolhapur district of Maharashtra. Commercial production commenced in Mar.95 after a delay of 6 months which was caused by the delay in the delivery of machinery by the manufacturers for which the company came out with a Rs 13.99cr public issue at a premium of Rs 20 in Jan.94. NEL signed a MoU with Globex Pvt Ltd to market cotton yarn in Singapore Malaysia Indonesia the Philippines etc. Its products are single and doubled carded and combed hosiery and weaving cotton yarn. The company has taken up the necessary steps for the implementation of a silk fabric project. The land has already been allocated.During 199899 the company received ISO 9002 certification in respect of yarn and knitted fabric. The company had plans to set up a captive power plant to achieve cost advantage on power consumption.The Company is still awaiting certain clearance to implement the captive power project. The company has also proposed to further upgrade existing equipments while also adding capacity for yarn and down stream value added products. The additions would be done under Textile Upgradation Fund Scheme.The company also proposes to augment spinning capacity to achieve economy of scale together with more value added production under the Technology Upgradation Fund Scheme.
OrganisationNagreeka Exports Ltd