Patspin India Ltd

Key Stats

Day's Price Range
52-Week Price Range
1 Month Return60.22 %
3 Month Return130.39 %
1 Year Return60.22 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 463
Rank 467
Rank 542
Dividend Yield
Rank 185
Rank 649
Price To Book Ratio
Rank 365
Debt To Asset
Rank 529

Company Information

Incorporated in 1991 Patspin India was promoted by GTN Textiles under the leadership of B K Patodia as its chairman and Umang Patodia as its managing director.Patspin India set up a 100 EOU to manufacture medium and fine counts combed or gassed yarn with financial assistance from Itochu Corporation Japan and Kerala State Industrial Development Corporation. The company tapped the capital market in Nov.93 to partfinance the project.Patspin has undertaken a twophase expansion project which includes diversification into twisting knitting and other valueadded products with the available infrastructure. In 1996 the second phase of expansion of 2016 spindles was fully implemented. It also completed the expansion of capacity in Unit B by 16128 spindles in Dec96. This expansion with 100 combing capacity is being set up at the cost of Rs 50 cr. The company exports to Japan Italy Israel the UK Mauritius etc. It has made applications for recognition as an Export House. In 1996 the company received the coveted ISO 9002 IS14002 certification from Bureau Veritas Quality International BVQI.During 19992000 the textile ministry has launched Textile Upgradation Fund which provides 5 interest susbsidy on the loans eligible and hence the company has undertaken the project at a cost of Rs.1065 lacs for both modernisation and upgradation of technology.Compact Spinning Technology a new technology which was introduced during the last year has been well received in International Markets due to this the Company continues to expand its capacity in the current year 2001 also.
OrganisationPatspin India Ltd