Suryavanshi Spinning Mills Ltd

Suryavanshi Spinning Mills Ltd (514140)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-11.01 %
3 Month Return83.57 %
1 Year Return192.08 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 385
Rank 393
Rank 294
Dividend Yield
Rank 184
Rank 9
Price To Book Ratio
Debt To Asset
Rank 130

Company Information

Promoted by L N Agarwal and B N Agarwal Associates in Dec.78 Suryavanshi Spinning Mills SSML manufactured high count cotton yarn for hosiery and for weaving upto 199293. Later it diversified into the production of lower count blended yarn such as millange and polyester viscose yarn. The enduser segments are hosiery garments and textiles. Other group companies are Suryavanshi Cotton Mills and Suryalata Spinning Mills.SSML came out with a rightscumpublic issue in Aug.94. The rights issue premium : Rs 30 aggregating Rs 6.04 cr and the Rs 6.76cr public issue premium : Rs 60 financed for the expansion made to the spindleage at the Rajna unit by installing 10080 spindles and by modernising the Bhongir unit in AP. The cost of the project was Rs 17.87 cr.The above expansion and modernisation were completed in the same year successfully.In 199798 the spinning division of Aliabad unit was awarded ISO 9002 from KPMG.The modernisation project under TUF which was flagged off in the year 2000 has been completed. The expenditure incurred till the year 2001 was Rs.1300.74 lacs out of estimated cost of Rs.1600 lacs.
OrganisationSuryavanshi Spinning Mills Ltd