Suryalata Spinning Mills Ltd

Suryalata Spinning Mills Ltd (514138)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-4.85 %
3 Month Return-15.28 %
1 Year Return17.43 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 107
Rank 72
Rank 542
Dividend Yield
Rank 185
Rank 61
Price To Book Ratio
Rank 365
Debt To Asset
Rank 529

Company Information

Suryalata Spinning Mills SSML was incorporated in May 83 in Hyderabad. The company has a modern plant at Kaluakurthy Andhra Pradesh with an installed capacity of 17152 spindles and 672 rotors for the manufacture of cotton yarn and blended yarn. It has another plant at Ramtek in Maharashtra. SSML commenced commercial production in 198687. In May 92 the company came out with zerointerest fully convertible debentures to partfinance the cost of setting up another plant as well as to modernise the existing one. As on 31 Mar.95 it had an installed capacity of 25077 ring spindles and 672 rotors. The modernisation of the Kaluakurthy unit was completed. The company undertook an expansion programme at Kaluakurthy and Ramtek to install 6048 spindles and 3600 spindles respectively at a cost of Rs 10 cr. During 199798 the modernisation and expansion programme at its two units at Kalwakurthy Ramtek was completed an schedule and started operating on expanded capacity. The expansion programme for the year 2000 to increase the spindleage by 12000 No has been completed at Kalwakurthy and Ramtek. In 200203 the company undertook modernisation of its plant at an estimated outlay of Rs.733.15 lakhs. The modernisation project is being funded by way of Term loans from UCO bank under the TUF and the balance through contribution by promoters and internal accurals. The project is expected to be completed at the end of the current financial year.
OrganisationSuryalata Spinning Mills Ltd