TOP SPINNING COMPANIES

Date – 28th July 2020 Vardhman Spinning and General Mills Limited Vardhman Spinning and General Mills Limited were incorporated by Sri V.S. Oswal and Shri Ratan Chand Oswal in 1962 in Ludhiana, Punjab. Vardhaman Textiles Limited was earlier known as Mahavir Spinning Mills Limited and is the flagship company of the group. The Vardhaman Group works on a belief that achieve excellence through a culture of innovation and improvement. The company also strives in investing in the business with initiatives for long-term sustainability. The company believes that customers are the best teachers. Today’s Price – Rs 634.740 Last Year’s Price – Rs 920.20 Market Capitalization – 3646.69 crore P/E Ratio – 6.69 Moving Average – Bearish  

  Nitin Spinners Ltd Nitin Spinners Ltd. was incorporated in 1992 and is headquartered in Bhilwara, Rajasthan. The company is a leading manufacturer of cotton yarn and knitted fabrics and has widened its presence in more than 50 countries. The company was incepted as a response to the clear need for high-quality products in the textile industry. Nitin spinners are an ISO Certified and have a Government of India Recognised Export House. They are the renowned producers of 100% cotton yarn and fabrics. The company focuses on a strong R&D program for developing value-added products that collaborated with systematic processes and a robust distribution network. Today’s Price – Rs 40 Last Year’s Price – Rs 57.45 Market Capitalization – 226.57 crore P/E Ratio – 9.43 Moving Average – Bullish

  Kallam Spinning Mills Limited Kallam Spinning Mills Limited was incorporated in 1994 and is headquartered in Guntur, Andhra Pradesh. The company is one of the leading producers of spun yarn for knitting and weaving industries. Kallam Spinning Mills Limited is now known as Kallam Textiles Limited. The company aims at offering a diversified product line to its customers. The company has installed the state of -the -art automated technology and innovation at every juncture of the yarn manufacturing process. The company considers its people and employees to be an important aspect of success after believing the quality and customer service cannot be possible without its people. Kallam has a team of managers, engineers, technicians, salespeople, and production associates. Today’s Price – Rs 5.65 Last Year’s Price – Rs 11.25 Market Capitalization – 24.19 crore Moving Average – Bearish  

  Amarjothi Spinning Mills Ltd. Tirupur based Amarjothi Spinning Mills Limited is a leading manufacturer of melange yarn. The persistent commitment and enthusiasm of the company to provide the highest quality exclusive and diversified clothing options and unbeatable customer service have resulted in their unquestionable reputation. Amarjothi is a manufacturer of good quality color melange fiber for hosiery, home, and women textiles. To cater to the needs of widespread buyers the company has a right spectrum of color of any shade, count, and quantity. The company offers a wide range of yarn products inclusive of cotton, organic cotton, viscose, polyester, modal, galaxy, flax, multi-fiber series, and dyed yarn. Today’s Price – Rs 49.80 Last Year’s Price – Rs 69.05 Market Capitalization – 33.61 crore P/E Ratio – 4.89 Moving Average – Bullish  

  Super Spinning Mills Limited Super Spinning Mills Limited was incorporated in 1962. Over the past four decades, the company has witnessed its growth with an expansion to 1,46,606 spindles as compared to the initial capacity of 12,000 spindles spread over three operational units. The company is into producing 100% cotton yarn including the gassed yarn, organic cotton yarn, and BCI cotton yarn. It also offers the specialty yarn including modal yarn, micro modal yarn, tencel yarn, micro tencel yarn, and cotton blended yarn with modal, micro modal, tencel, and micro tencel. In today’s modern Fashion Technology the demand for perfection starts from the raw material to the finished garment and it is this demand for perfection that has stimulated the growth of an organization and corporate philosophy. Today’s Price – Rs 4.40 Last Year’s Price – Rs 4.90 Market Capitalization – 24.69 crore Moving Average – Bullish  

    Suryaamba Spinning Mills Limited Suryaamba Spinning Mills Limited was incorporated in 1993 by Mr. Virendra Kumar Agarwal and family members. Agarwal family has a history of being in the textile business before the incorporation of suryaamba. The Suryaamba is a leading Indian manufacturer of speciality synthetic spun yarns. Suryaamba offers a wide product range from polyester and viscose spun yarn and blended synthetic yarn. The innovative product portfolio and customization for the customers are the core competitive advantage of the company. Today’s Price – Rs 49 Last Year’s Price – Rs 55.30 Market Capitalization – 14.37 crore P/E Ratio – 2.76 Moving Average – Neutral  

Bannari Amman Spinning Mills Ltd. Bannari Amman Spinning Mills Limited was incorporated in 1989 with a capacity of 30,000 spindles. Company is a vertically integrated textile company manufacturing cotton yarn, woven and knitted fabric, finished garments, home textile, and wind power generation. The company had a major expansion in 2007 with an installed capacity of 1,14,000 spindles. The company works on a mission to achieve excellence in the textile industry sector and persistently attempt to lead the industry and provide the best possible value for its stakeholders. The company is into the weaving, knitting, spinning, processing, garments, home textile. Today’s Price – Rs 85.00 Last Year Price – Rs 132.00 Market Capitalization – 134.78 crore P/E Ratio – 13.16 Moving Average – Bearish  

  Nahar Spinning Mills Limited Nahar Spinning Mills Limited was established as a Private Limited Company in 1980 and then became a Public Limited Company in 1983. The company was started as a small spinning and hosiery unit in Ludhiana, Punjab. The company was recognized as Export House and Recognised Trading House because of its persistent growth in the manufacture and export of woolen and cotton hosiery knitwears and woolen textiles. The company extended into the spinning industry by a spinning plant at Simrai and Mandideep village. The company also export T-shirts to international brands such as GAP, Arrow, Old Navy, Banana, Republic, Chaps. Today’s Price – Rs 34.05 Last Year’s Price – Rs 59.80 Market Capitalization – 121.54 crore Moving Average – Neutral  

  Gem Spinners India Limited Gem Spinners India Limited established in 1990 as a Public Limited Company. Earlier it was named as Gem Spinning And Weaving Mills Limited. The company was incorporated by Tamil Nadu based Industrialist and Promoter of Gem Granite And Imperial Granite Public Limited, Shri R. Veeramani. The company offers a diversified product range including combed cotton yarn, carded cotton yarn, organic cotton yarn, Melange yarn, knit fabrics, knit garments. Today’s Price – Rs 1.96 Last Year’s Price – Rs 2.38 Market Capitalization – 12.03 crore Moving Average – Bearish  

  Ambika Cotton Mills Limited Ambika Cotton Mills Limited came into existence in 1988 and is based out of Coimbatore, Tamil Nadu. The company has a competitive advantage in the Shirting segment. Owing to its flawless track record of superior product quality and delivery commitments, Ambika holds a niche segment in the industry. The company is a leading producer of premium quality compact and Elitwist cotton yarn hosiery and weaving. The total revenue of the company comprises 60% of revenues from the exports. The company finds satisfaction in being recognized as a company with zero complaints with customers, shippers, and suppliers. Today’s Price – Rs 649.05 Last Year’s Price – Rs 907.60 Market Capitalization – 369.32 crore P/E Ratio – 7.11 Moving Average – Bearish  

        Article Written By- Naina Rupani, Management Trainee - TVC FOSTIIMA Business School navyarupani09@gmail.com