Sri Ramakrishna Mills (Coimbatore) Ltd (521178)

Incorporated in 1946 Sri Ramakrishna Mills SRM is engaged in the manufacturing and selling of ring and openend cotton yarn. R Doraiswami is the chairman of the company. Its spinning mills located in Coimbatore Tamilnadu Nagari Andhra Pradesh and Sathyamangalam Tamilnadu have a combined installed capacity of 75944 ring spindles and 912 rotors. In 199495 the company reduced 3080 spindles at one of its units as they had become obsolete. It has added nine automatic winding machines at various units. SRM is a member of the South India Textile Research Association SITRA.The company continued its modernisation and renovation programmes to improve the quality and productivity. The textile industry as a whole has been pushed to a tight corner on account of the unprecedented rise in the cost of cotton and increase in the cost of other inputs. But on the export front the company kept the growth rate alive. The company made a reference to BIFR due to erosion of networth. It has also taken up a Corporate Debt Restructuring Proposal with sundry creditorsIDBI and the same was approved in their meeting on September2003.

Sri Ramakrishna Mills (Coimbatore) Ltd Share Price: ₹20.40 per share as on 30 May, 2023 04:01 PM
Sri Ramakrishna Mills (Coimbatore) Ltd Market Capitalisation: ₹12.28Cr as of today
Sri Ramakrishna Mills (Coimbatore) Ltd Revenue: ₹12.24Cr as on September 2021 (Q3 21)
Sri Ramakrishna Mills (Coimbatore) Ltd Net Profit: ₹2.64Cr as on September 2021 (Q3 21)
Sri Ramakrishna Mills (Coimbatore) Ltd Listing date: 01 Jan, 0001