Sumeet Industries Ltd

Sumeet Industries Ltd (SUMEETINDS)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-2.28 %
3 Month Return-24.57 %
1 Year Return-18.87 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 365
Rank 339
Rank 481
Dividend Yield
Rank 185
Rank 591
Price To Book Ratio
Rank 314
Debt To Asset
Rank 49

Company Information

Sumeet Industries Ltd. formerly known as Sumeet Synthetics SSL was incorporated on 1 Aug.88 as a private limited company and was converted into a public limited company on 1 Feb.92. Shankarlal Somani is the chairman and Rajkumar Somani is the managing director. The company is into textiles and its products are polypropylene filament yarn grey cloth etc. 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.
OrganisationSumeet Industries Ltd