Saptarishi Agro Industries Ltd

Saptarishi Agro Industries Ltd (519238)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return1.21 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 38
Rank 38
Rank 45
Dividend Yield
Rank 19
Rank 52
Price To Book Ratio
Rank 30
Debt To Asset
Rank 45

Company Information

Promoted jointly by R K Jajoo and K L Puri along with Tamilnadu Industrial Development Corporation TIDCO in Feb.92 Saptarishi Agro Industries is a 100 EOU producing canned white button mushrooms with a capacity of 3000 tpa. Mushrooms are produced utilising agricultural wastes.The company has financial technical and marketing collaborations with Dalcem Veciap Agro Industries Holland. It also has a 100 buyback arrangement with the collaborator.In 1993 the company came out with a public issue to partfinance the project to set up the EOU at Madurantakam Tamilnadu. Commercial production commenced in Jun.94.By 1998 more than 50 of the companys networth was eroded and it came under the purview of the BIFR. Accordingly one time settlement with ICICI was effected by paying back 70 of the principal amount and waiver of all accrued interest along with the balance 30 principal.The company entered into a Operating Agreement with M/s Calibre Rehabs Ltd from January2003 for a period of 12 months.
OrganisationSaptarishi Agro Industries Ltd