52w high/low | ₹101.7 / ₹2.1 |
P/E ratio | 39.57 |
Dividend | 0 |
ROE | 16.07 |
ROCE | 21.4 |
Face value | 10 |
Book value | ₹4.23Cr |
Market capital | ₹19.4Cr |
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Adhinath Textiles was incorporated in 1979 by the Oswal Group of Ludhiana, who also promoted Mahavir Spinning Mills and Vardhaman Spinning and General Mills. It manufactures synthetic and wool-blended hosiery and, knitting yarns which are marketed under the Adinath brand name. The company commenced operations on a small-scale in 1979-80, at Ludhiana, with an installed capacity of 5392 worsted spindles and a combing capacity of 773 tpa of wool tops. It came out with a public issue in Oct. '88 to finance its long term working capital requirements. By Mar. '90, it added additional 6000 worsted spindles. Since, the acrylic market for worsted spinning units is turning into a low margin activity, the company has decided to come out of the hosiery segment by diversifying into polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings.