Shubham Polyspin Ltd

Shubham Polyspin Ltd (542019)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-11.85 %
3 Month Return-5.34 %
1 Year Return143.59 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 140
Dividend Yield
Rank 42
Rank 128
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Shubham Polyspin Limited was incorporated as a private limited company with the name Shubham Polyspin Private Limited at Ahmedabad on March 12 2012. Consequent upon the conversion of the Company from Private Limited Company to Public Limited Company the name of the Company was changed to Shubham Polyspin Limited on July 24 2018.One of the PromoterDirector Mr. Anil Somani started a company called Shubham TexOPack Private Limited which is engaged in HDPE/PP woven polybags. In the year 2010 Mr. Ankit Somani son of Mr. Anil Somani joined the business of his father to gain the experience and understand the intricacy of said industry. After gaining an experience of 3 years in production planning and sales it was decided to diversify the products and enter into a more futuristic product having applications in various upcoming and existing industries. Mr. Ankit Somani promoter director of the company inspired from his father decided to start a new business which can be run on autonomous mode. In the year 2013 the promoters zeroed on Spin Draw Wind Line Machinery from Lohia Corp having monthly capacity of 50 MT. SpinDrawWind Lines for polypropylene multifilament yarn offer compact and flexible solutions for varied applications. The machine is capable of producing medium to high tenacity air intermingled yarns for sewing threads webbings slings braids ropes and a variety of technical textiles. With deep penetration in local markets and looking forward to increase its export markets the Promoter envisioned to set up an ultra modern production faciltiy. For this production facility land was acquired at Village Borisana TalukaKadi in May 2015 admeasuring area of 5009 sq. mtrs. The land purchased was later developed by constructing a Factory Shed admeasuring approximated 2800.00 sq.mtrs. along with Staff Quarters and Administrative Building. The promoters further decided to add 2 more Spin Draw Line Machines from Lohia Corp Ltd hence increasing the total capacity of the company to 200 MT per month. Further old plants from rented premises were shifted to the new production site and all the 4 plants were fully operational by August 2016. The Company also manufactures on Job Work basis and get its products manufactured on Job Work basis. With a monthly production capacity of 200 MT the promoters also focused to penetrate in countries like Belgium Uganda Zimbabwe Africa Poland Italy Turkey Katar Srilanka Bangladesh Tanzania Nigeria Madagascar and Kenya. The products of the company were well received in export markets and recently the company purchased 5th machine having installed capacity of 50 MT/per month. The said machine was fully operational from July 2018 and currently the total combined capacity of the company is 250 MT/per month.
OrganisationShubham Polyspin Ltd