Sri Nachammai Cotton Mills Ltd

Sri Nachammai Cotton Mills Ltd (521234)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-14.34 %
3 Month Return-13.23 %
1 Year Return261.8 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 140
Dividend Yield
Rank 42
Rank 136
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Incorporated in Mar.80 as a whollyowned subsidiary of Jawahar Mills Sri Nachammai Cotton Mills SNCM was converted into a public limited company in Jun.82. SNCM was promoted by R M Ramanathan and P Palaniappan. R M Ramanathan is the chairman and P Palaniappan the managing director. The other group companies are Sree Uma Parameshwari Mills Uma Maheshwari Mills etc.SNCM manufactures combed and carded cotton hosiery yarn of counts ranging from 20s to 40s which are used to convert the same into fabric or garments for exports. In Jan.95 the company made a Rs 7.52cr public issue premium : Rs 60 to partfinance the capital expenditure on modernisation and diversification into wind energy generation projects and to augment longterm resources for working capital. The cost of the project as estimated by IDBI was Rs 11.80 cr.SNCM markets the bulk of its products to units in Tirupur an active business centre known internationally for its exports of knitted garments and hosiery.During the year 19992000 the company has achieved a turnover of Rs.7747.37 lacs as against Rs.7514.95 lacs in the previous year.
OrganisationSri Nachammai Cotton Mills Ltd