Prag Bosimi Synthetics Ltd

Prag Bosimi Synthetics Ltd (500192)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return4.1 %
3 Month Return30.98 %
1 Year Return3.33 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 429
Rank 402
Rank 458
Dividend Yield
Rank 184
Rank 649
Price To Book Ratio
Debt To Asset
Rank 119

Company Information

Incorporated on 31 Jul.87 Prag Bosimi Synthetics PBSL was promoted as a joint venture between Assam Industrial Development Corporation AIDC and Bombay Silk Mills BOSIMI. The company came out with a Rs 27.1cr public issue in Feb.92 to partfinance the manufacture of 15000 tpa of polyester filament yarn PFY establishment of downstream facilities of draw texturising and draw twisting of yarn and to meet for working capital requirements. The total project cost was estimated at Rs 188 cr. The company manufactures polyester yarn. It has introduced different varieties of yarn like 30 denier 50 denier 75 denier twisted and dyed assortments. The company has a technical collaboration with EMS Inventa Switzerland to produce POY/PFY.Textile division commenced commercial production in 1993. The last phase of the project installation of 6 direct spinning lines which was expected to be completed in Aug.95 is delayed due to various reasons including indifferent law and order conditions lack of infrastructure and skilled manpower etc. The Project is expected to be completed during the year financial institutions have sanctioned additional short term finance by way of redeemable convertible preference shares to the extent of Rs 30.96 cr.During the year 19992000 the net loss was Rs.983.13 lacs and the State Bank of India has sanctioned the rehabilitation and restructuring proposal and 40 of the working capital requirement of the company.
OrganisationPrag Bosimi Synthetics Ltd