Sambandam Spinning Mills Ltd

Sambandam Spinning Mills Ltd (521240)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-1.83 %
3 Month Return-0.5 %
1 Year Return-19.86 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 70
Rank 89
Rank 64
Dividend Yield
Rank 16
Rank 218
Price To Book Ratio
Rank 53
Debt To Asset
Rank 231

Company Information

Incorporated in 1973 S P Ratnam is the chairman and S P Sambandam is the managaging director of the company. SSL manufactures yarn at its three spinning mills in Tamilnadu of which two are in Salem district and one in Coimbatore district. SSL allotted bonus shares in the ratio of 1:2 in May 94. Subsequently in Aug.94 it offered rights at a premium of Rs 40 per share. Presently the total installed spinning capacity of the mill is 47356. SSL went public in Jan.95 at a premium of Rs 40 to partfinance its expansion programme to have an installed capacity of 50460 spindles. This is likely to be completed in Mar.97. The company started a windmill project from Sep.95 to generate 225 kW power at Poolavadi in Coimbatore district. In 199596 SSL earned foreign exchange worth Rs 33 lac. During 199697 due to uptrend in the price of Yarn and Cotton the company is not in a position to hazard any favourable change in the profitability of the company. In 199697 SSL earned foreign exchange worth Rs. 98 Lacs. In May 1998 the company was awarded the ISO 9002 Qality Accreditation certificate by SGS a testimony for quality work processes.During the year 19992000 the Company availed term loans from financial institutions towards working capital to an extent of Rs. 1070 lakhs and repaid term loans to an extent of Rs. 316 lakhs. The Company also incurred capital expenditure of Rs. 187 lakhs during the year.
OrganisationSambandam Spinning Mills Ltd