Virgo Polymers (India) Ltd

Key Stats

₹1.1
Day's Price Range
₹1.1
₹0
52-Week Price Range
₹1.1

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 32
EPS
Rank 32
BVPS
Rank 40
Dividend Yield
Rank 24
ROE
Rank 38
2.85%
Price To Book Ratio
Rank 28
Debt To Asset
Rank 40

Company Information

Established in 1985 as Virgo Polybags P Ltd Virgo Polymers India established a factory at Maraimalainagar Tamilnadu. The original promoters of the company were unable to bring in necessary finance to run the company viably. In Jun.90 the present promoter A Ramdass took over the company. At the time of takeover the company had one manufacturing unit with a capacity to manufacture 180 tpa of PP/HDPE woven sacks. The present promoter initiated steps to put up the unit on a viable basis.The manufacturing unit was completely revamped. With this modification / addition to the machinery the capacity of the unit was increased from 180 tpa to 345 tpa by Nov.90.A second manufacturing unit was established at a site close to the first unit at Maraimalainagar in Aug.92. In 1995 the company embarked upon an expansioncumproduct diversification project envisaging a capacity increase from 1555 tpa to 3715 tpa. The project involves the capacity enhancement of poly woven sacks from 1555 tpa to 3715 tpa and incorporate facilities for the manufacture of jumbo bag fabric and PP laminated jumbo bag fabric. It came out with a public issue in Oct.95 to partfinance the project. The company is taking up technology upgradation on high quality fabrics using Sulzer looms to meet the demands on International market and to improve its overseas clientele. During 200203 the company has completed expansion programme for increasing the production capacity by 1000 MTs/p.a.
OrganisationVirgo Polymers (India) Ltd
HeadquartersKancheepuram
IndustryPackaging