Premier Synthetics Ltd
PREM

Premier Synthetics Ltd (509835)

₹27.78.84%

Key Stats

₹26.1
Day's Price Range
₹29.1
₹11.55
52-Week Price Range
₹41.4
1 Month Return-10.55 %
3 Month Return-9.11 %
1 Year Return69.1 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 113
EPS
Rank 114
BVPS
Rank 122
₹-8.06
Dividend Yield
Rank 41
ROE
Rank 125
3.5%
Price To Book Ratio
Rank 74
-3.3
Debt To Asset
Rank 70
0.59

Company Information

Incorporated in 1969 Premier Synthetics PSL manufactures texturised yarn and fabric. Most of the income of the company comes from trading. PSL undertakes trading of yarn fabrics both grey and processed suitings shirtings etc. The company has focusing more on trading than to manufacture. It was promoted by the Arya group. Anand Arya is the chairman of the company. PSL went public in May 93 to partfinance its expansion project. PSL expanded its capacity for twisting and also added a rotor spinning unit to manufacture yarn for exports. Commercial production of this project commenced in Jun.94. The company has undertaken a diversification programme to manufacture cotton yarn at Rakoli Silvassa. In 199596 the company has undertaken a diversification programme for the manufacture of cotton yarn in the Mehsana district of Gujrat. The project was apprasied by Industrial Finance Corporation of India Limited IFCI. The company has invested Rs. 1.70 cr in Premier Equity Limited a Subsidiary Company.During 19992000 the net accumulated losses exceeded more than 50 of its peak networth and hence it has become a sick industrial company as per SICA 1985.The company has appealed against the said order of the Honble BIFR before the Honble AAIFR and the same is still pending.
OrganisationPremier Synthetics Ltd
HeadquartersAhmedabad
IndustryTextiles