Spentex Industries Ltd
SPEN

Spentex Industries Ltd (SPENTEX)

₹1.65--

Key Stats

₹1.6
Day's Price Range
₹1.65
₹1.05
52-Week Price Range
₹4.5
1 Month Return-26.67 %
3 Month Return-34 %
1 Year Return-2.95 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 440
-0.49
EPS
Rank 397
₹-3.37
BVPS
Rank 520
₹-106.75
Dividend Yield
Rank 185
ROE
Rank 592
Price To Book Ratio
Rank 346
-0.02
Debt To Asset
Rank 7
4.5

Company Information

Spentex Industries SIL a RP Goenka group of company was incorporated in Nov.91. SIL was promoted by CESCON and KEC International to set up a 100 EOU to manufacture combed cotton yarn at Baramati Maharashtra. To partfinance the cost of this project the company made a Rs 8.8cr public issue in Nov.93. The estimated cost of the project as appraised by ICICI was Rs 54.81 cr.The company produces combed cotton yarn of 32s hosiery 40s and 40s hosiery count which is used in the manufacture of cloth and hosiery. The company exports its yarn to various countries in west Europe southeast Asia the US west Asia and the Caribbean Islands. In 200001 the company added a new export market in Tunisia.In 199697 the company installed Diesel Generating Set of 2.5 MW which enable the consistent power supply to the plant. SIL is now trying to penetrate export market in Bangladesh. Additional 3024 spindles were commissioned during 19992000. The company was accreditated with ISO 140001 April2002. The Companys networth was fully eroded and the same has been reported to BIFR. The company has established a new customer base in EuropePortugalSpainPolandCyprusBelgium etc.The company has acquired Indo Rama Textiles Ltd during the year 2006 and the swap ration has been fixed at 90 equity shares of Rs.10/each of the company will be allotted for every 100 equity shares held by the shareholders of Indo Rama Textiles LtdIRTL.
OrganisationSpentex Industries Ltd
HeadquartersNew Delhi
IndustryTextiles