Soma Textiles & Industries Ltd

Soma Textiles & Industries Ltd (SOMATEX)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return8.45 %
3 Month Return14.92 %
1 Year Return-9.42 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 409
Rank 382
Rank 510
Dividend Yield
Rank 184
Rank 649
Price To Book Ratio
Rank 334
Debt To Asset
Rank 30

Company Information

The Ahmedabad unit of Soma Textiles Industries was taken over in 1969 and a major modernisation and expansion programme was carried out to revive it. The company was one of the first units to manufacture indigo denim in 1986. In 1994 the company commissioned its 100 exportoriented spinning unit cap.: 30204 spindles at a capital outlay of Rs 74 cr. The companys principal products include cotton yarn and cotton fabrics as also blended yarn and manmade fabrics. In 1995 the company replaced 20 narrowwidth Ruti looms with 12 Sulzer 390 cm widewidth looms. To achieve better capacity utilisation six Sulzer widewidth looms along with one Schlafhorst rotor spinning machine and other balancing machines were installed and commissioned in Sep.95. This will increase the production of denim by 25. The company plans to improve the quality of yarn for the export market using sophisticated control equipment while also planning to introduce stretch denim fabrics. Due to the recessionary trend experienced by the Textile industry and the depressed export market the steep competition from the unorganised sector resulted in erosion in the profitability of the company during the year 19992000.To increase the production of Denim Fabrics the company has installed 20 Second hand Picanol Airjet Looms.
OrganisationSoma Textiles & Industries Ltd