Surat Textile Mills Ltd

Surat Textile Mills Ltd (530185)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return7.22 %
3 Month Return-7.77 %
1 Year Return9.59 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 157
Rank 287
Rank 431
Dividend Yield
Rank 185
Rank 200
Price To Book Ratio
Rank 181
Debt To Asset
Rank 502

Company Information

Incorported in 1945 Surat Textile Mills STML formerly known as Garden Cotton and Yarn manufactures yarn and cloth. The companys three manufacturing plants are Located in Surat Gujarat.In Mar.95 it issued rights shares at a premium and FCDs. During 199495 STML privately placed secured redeemable PCDs with financial institutions. The above proceeds were utilised for the companys expansion cum modernisation programme which it undertook by installing 25200 spindles and manufactured PFY having a installed capacity of 17500 TPA. The above expansion were completed and production was started in 1996.The polycondensation unit commenced commercial production of Fibre grade Polyester Chips in 1996. The implementation of the POY Spinning project has been set up into two two phases due to demand recession. The companys yarn doubling and grassing project at silvassa became fully operational during 199697.In 1998 the company installed 12384 spindles of synthetic fibre at Vareli and production started in the same year.
OrganisationSurat Textile Mills Ltd