Towels India Exports Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 140
Dividend Yield
Rank 42
Rank 196
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Incorporated as a private limited company in Aug.85 Towel India Exports was converted into a public limited company in Oct.93. Its plant is located at Lote Purshuram Maharashtra inst. cap. : 1400 tpa. Commercial production commenced in Jan.89. The company belonging to the Padamshi Meghji group was promoted by Kulin H Kothari.The company manufactures and exports cotton terry towels. The company came out with a public issue in Nov.94 to expand the capacity to 2120 tpa with printing and processing facility for bed sheets under the expansioncumforward integration project at Solapur Maharashtra. During the year 199596 the company also received Export Awards from the Cotton Textile Export Promotion Council for its outstanding performance for two years i.e. 199394 199495. The company also participated in the International Textile Exhibition HEIMTEXTIL96 held in Germany in Jan96. In 199697 the company received the recognition as Export House.During 199899 the carried forward loss is Rs 1289.25 lacs which makes the networth negative and the company has become a sick company.
OrganisationTowels India Exports Ltd