Shri Dinesh Mills Ltd

Shri Dinesh Mills Ltd (SHRIDINESH)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-7.56 %
3 Month Return-15.44 %
1 Year Return49.04 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 62
Rank 25
Rank 24
Dividend Yield
Rank 19
Rank 89
Price To Book Ratio
Rank 56
Debt To Asset
Rank 123

Company Information

Incorporated in 1935 in Vadodara today Shri Dinesh Mills DHL is a name to reckon with in the world of woollen suitings.It has also diversified into manufacture of papermakers felts industrial fabrics and basic chemicals electroplating etc. For felt it has a technical collaboration with Albany International Canada. As a result of this technology the company produces and supplies the most modern types of papermakers felts asbestos felts and industrial felts.During 199697 Indian paper industries were in painful crises due to rise in input costs and stiff increase in imports of finished paper. Crises in the paper industry continued especially on account of reduction in the customs duty of imported papers which has been reduced to 20 from 65. During 199798 a joint venture Company has been formed under the title of McGean Rohco dinesh Pvt Ltd. The shareholders have approved the Assets Transfer Agreement for the sale of the Platewel division to the said joint venture company Where the company will be holding majority 51 share. M/s McGean Rohco Inc will be holding the remaining 49 share. The said joint venture company will be able to not only upgrade its technology to international level but will also enable it to expand and diversify number of products in the said field of Metal finishing chemicals.The joint venture Company has started functioning from 1.4.1999.
OrganisationShri Dinesh Mills Ltd