United Textiles Ltd (521188)

United Textiles Ltd. is a new company established under the Companies Act 1956 located in Hissar Haryana. It is presently engaged in a manufacturing unit production of cotton yarn with an installed capacity of 2050 MT per annum. To ensure they provide the best quality yarn, they are using the Open End Rotor Spinning Process which provides a more regular texture and better appearance compared to traditional ring spinning process. It has an advantage of 99% of the area in Punjab and Haryana being under irrigation which ensures a consistent supply of raw material with minimal fluctuations in production. Despite this, the company still faced a 15% decrease in performance due to raw material price fluctuations and intense competition in the finished goods market. However, the promoters have years of experience in the industry and are confident in ensuring market penetration and quality stabilization.

Share Price: ₹20.99 per share as on 17 May, 2024 04:01 PM
Market Capitalisation: ₹6.06Cr as of today
Listing date: 01 Jan, 0001