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Sumeet Industries Ltd (SUMEETINDS)

₹2.62.36%

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Overview
News
Financials

Performance

  • Day's Low

    Day's High

    ₹2.54
    ₹2.66
  • 52 Week's Low

    52 Week's High

    ₹1.9
    ₹5.3
1 Month Return+ 23.22 %
3 Month Return+ 13.04 %
1 Year Return-3.7 %
Previous Close₹2.54
Open₹2.66
Volume7.09L
Upper Circuit-
Lower Circuit-
Market Cap₹26.95Cr

Key Statistics

P/E Ratio-0.45
PEG Ratio1.27
Market Cap₹26.95 Cr
P/B Ratio-0.7
EPS-5.67

Company Information

Sumeet Industries Ltd.formerly known as Sumeet Synthetics Ltd was incorporated on 1 Aug.88 as a private limited company and was converted into a public limited company on 1 Feb.92. The Company is the Manufacturer and Exporter of Polyester Chips Polyester Filament Yarn POY FDY and Polypropylene Multifilament Yarn. Its plant in the Surat district of Gujarat has an installed capacity to manufacture 2000 tpa of Polypropylene MultiFilament Yarn in technical collaboration with Neumunstersche Maschinen Und Anlagenbau Neumag Germany. The expansion programme which was taken up in 9596 to increase the installed capacity at a cost of around Rs.6 Crore was completed fully.During 199697 the company increased its installed capacity of Twisted yarn by 300 TPA. During 199798 the company has increased installed capacity of Polypropylene POY by 1000 TPA it is also concentrating on export marketing.During 199899 company has increased the installed capacity of Twisted yarn by 1200 TPA Polypropylene POY by 540 TPA.M/s Somani Industries Nepal Pvt Ltd has been established as subsidiary company in the year 20002001.The company has expanded the installed capacity of Texturised Yarn during the financial year 200304 by 600 Tonnes and with this expansionthe total capacity has risen to 3300 Tonnes.The company has been awarded Gold Trophy by Synthetic and Rayon Export Promotion Council for highest export performance of non fabrics category in South Gujarat Region over the period 2001 to 2004.The company has installed a power plant and has been started generating power.The 2.50 MW coal based power plant has been installed with investment of Rs.5.60 crores.During the year 200910 the Company commissioned 100000 TPA Continuous Polymerization C.P. Plant and 23500 TPA of POY Plant and 21000 TPA of FDY Spinning Plant. It commissioned 6 MW Gas based Genset Captive Power Plant as Expansion cum Backward Integration Project costing Rs 145 Cr. thereby enhancing capacity of captive power generation by 8.5 MW at the companys plant at Karanj Surat.In FY 201112 it commissioned Polyester Filament Yarn POY FDY a direct spinning unit through MEG and PTA thereby total capacity of the Spinning Plant was increased from 53000 TPA to 100000 TPA. It also commissioned 8.6 MW Gas based Genset Power Plant thereby enhancing the total capacity of captive power generation to 17 MW. And resulting to this the Company began the commercial production in May 2012. During the year 201112 Company made equity offering to Qualified Institutional Buyers QIBs and allotted 18294578 Nos. of Equity shares of Face Value of Rs. 10/ each at a price of Rs. 30.25 including premium of Rs.20.25 per equity share to part finance its Rs. 150 Crores expansion project for enhancing its spinning capacity.In 201213 it commissioned Wastage Recycling Plant with 5400 TPA capacity which commenced commercial production in June 2013. It also set up 66 KV Sub stations at its plant and taking supply of power from DGVCL. In 201314 it increased spinning capacity of FDY production by upgrading old eight end winders by replacing them with twelve end high speed winders and thereby total capacity of the FDY production was increased from 40600 TPA to 51450 TPA. It also set up 66 KV Substation at its plant and taking supply of power from DGVCL. The Company incorporated a wholly owned subsidiary company Sumeet Global Pte Ltd. in Singapore in the year 2014.The Company commissioned 4 new Texturising Machines with total capacity of 7200 TPA in 2014..

Share Price: ₹2.60 per share as on 08 Jul, 2024 04:01 PM
Market Capitalisation: ₹26.95Cr as of today
Revenue: ₹271.06Cr as on March 2024 (Q1 24)
Net Profit: ₹-7.75Cr as on March 2024 (Q1 24)
Listing date: 10 Dec, 2010
Chairperson Name: Shankar Lal Somani
OrganisationSumeet Industries Ltd
HeadquartersSurat
IndustryTextiles
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Key events for Sumeet Industries Ltd

  • Jyotika Deepak Shenoy Sells Stake in Sumeet Industries - 14 May, 2024

    Jyotika Deepak Shenoy sold a 0.74% stake in Sumeet Industries via bulk deal, selling around 7 lakh shares. The company closed 4.7% up at Rs 2.5 on the NSE. Sumeet Industries manufactures and exports polyester yarns.

Insights on Sumeet Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, SUMEETINDS stock has moved up by 21.0%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, -18.97 Cr → -7.75 Cr (in ₹), with an average increase of 64.1% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 78.93% to 100.00% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 227.13 Cr → 271.53 Cr (in ₹), with an average increase of 16.4% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Raymond Ltd has given 673.1% return, outperforming this stock by 745.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 151.0% return, outperforming this stock by 145.2%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 21.07% to 0.00% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹271.06Cr
↑19.37%
Net Income
-₹7.75Cr
↓53.14%
Net Profit Margin
-2.86%
↓60.71%
2023Y/Y Change
Revenue
₹1,033.12Cr
↑15.63%
Net Income
-₹58.72Cr
↓2,117.87%
Net Profit Margin
-5.68%
↓1,821.21%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹487.12Cr
↓22.63%
Total Liabilities
₹489.90Cr
↓14.64%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹77.95Cr
↑23.73%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
0%
0.00
Mutual Funds
0%
0.00
Retail Investors
100%
0.00
Others
0%
0.00

Key Indicators

Sumeet Industries Ltd Valuation

Sumeet Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-85.00x)

June 29, 2021

Today (-0.45x)

July 8, 2024

Industry (87.92x)

July 8, 2024

Highest (13.26x)

July 16, 2021

LowHigh

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Sumeet Industries Ltd (SUMEETINDS) share price today is ₹2.6

Sumeet Industries Ltd is listed on NSE

Sumeet Industries Ltd is listed on BSE

  • Today’s highest price of Sumeet Industries Ltd is ₹2.66.
  • Today’s lowest price of Sumeet Industries Ltd is ₹2.54.

PE Ratio of Sumeet Industries Ltd is -0.45

PE ratio = Sumeet Industries Ltd Market price per share / Sumeet Industries Ltd Earnings per share

Today’s traded volume of Sumeet Industries Ltd(SUMEETINDS) is 7.09L.

Today’s market capitalisation of Sumeet Industries Ltd(SUMEETINDS) is ₹26.95Cr.

Sumeet Industries Ltd(SUMEETINDSPrice
52 Week High
₹5.3
52 Week Low
₹1.9

Sumeet Industries Ltd(SUMEETINDS) share price is ₹2.6. It is down -50.94% from its 52 Week High price of ₹5.3

Sumeet Industries Ltd(SUMEETINDS) share price is ₹2.6. It is up 36.84% from its 52 Week Low price of ₹1.9

Sumeet Industries Ltd(SUMEETINDSReturns
1 Day Returns
0.06%
1 Month Returns
23.22%
3 Month Returns
13.04%
1 Year Returns
-3.7%