Rajapalayam Mills Ltd
RAJP

Rajapalayam Mills Ltd (RAJPALAYAM)

₹802.61.62%

Key Stats

₹800
Day's Price Range
₹818
₹719.95
52-Week Price Range
₹1398
1 Month Return-13.94 %
3 Month Return-9.42 %
1 Year Return4.18 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 13
3.7
EPS
Rank 1
₹221
BVPS
Rank 1
₹2568.21
Dividend Yield
Rank 40
0.06%
ROE
Rank 347
-9.35%
Price To Book Ratio
Rank 9
0.31
Debt To Asset
Rank 121
0.28

Company Information

A manufacturer of yarn of different counts Rajapalayam Mills RML has been functioning successfully for six decades.During 199091 the company set up an exportoriented spinning mill. The entire output of high quality yarn produced here is being taken up by Mitsubishi Corporation Japan. It has been decided to implement another exportoriented project. Technological guidance will be provided by Unitaka Japan which is a large producer of yarn fabrics and other related products.During 199495 as part of its modernisation programme RML installed five crosrol cards imported from the UK and two ring spinning frames in place of the old equipment. To reduce dependence on conventional energy sources it has installed five 250KW wind electric generators in Muppandal Nagarcoil. As part of its diversification plans it is setting up a tissue culture unit Shri Ramco Biotech as a division of the existing company to produce ornamental and orchard plants for the export and domestic markets.During 199596 RML commissioned its second 100 EOU spinning mill with an installed capacity of 11520 spindles. The formalities regarding amalgamation of M/s Jayaram Mills Ltd with the company asper the order of honourable High Court of Chennai has been completed. As per the scheme 750 shares of Rs 100 each were allotted to the shareholders of Jayaram Mills Ltd. The EOU Rajapalaiyam Textiles was expanded by 3024 spindles at a cost of Rs 5 crs which is financed by Term Loan/NCDs and Internal Accruals the addition of these spindles is expected to be completed by August 1998.The Tissue Culture Unit which was started last year has started its commercial production during May 2000 and have started exporting Plantlets to various countries.Modernisation programme has been taken up at a cost of Rs.24 crores with the assistance from SBI under the Technology Upgradation Fund Scheme.HFO Power Plant has started commissioned 4 Nos 900 KW 4 Nos 770 KW MAN BW HFO Gensets.Due to this there is a substantial saving in Electricity Cost.Under the modernisation programme during 200102 the company has added the stateoftheart textile machinery at a cost of Rs.15.81 crores by taking financial assistance from State Bank of India and ICICI Ltd under Technology Upgradation FundTUF Scheme. It has installed a new textile machine at a cost of Rs.11.30 crores under the TUF in 200203.
OrganisationRajapalayam Mills Ltd
HeadquartersRajapalaiyam
IndustryTextiles