Adinath Textiles Ltd
Adinath Textiles | 514113
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About Company
- Adinath Textiles Limited was incorporated in 1979 by the Oswal Group of Ludhiana, who had 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 has an installed capacity of 4800 spindles
- It has installed state of the art machinery from (SAVIO) Italy, NSC (France)
- In 1995-96, the company earned a foreign exchange of Rs 5 cr
- During the year, due to the continued recession witnessed by the acrylic yarn industry, the company's margins were eroded due to increase in the cost of the raw material, restricted money supply, increase in interest rates and significant devaluation of rupee
- Despite marked improvement in production, turnover and exports, the profitability of the company did not improve correspondingly
- In 2003, the Company carried out majority of its manufacturing activities at Nandesari site
- The Company primarily operates in spinning of worsted and spun yarn
- It has manufacturing set up base in Ludhiana in the State of Punjab and Corporate Office located in Ludhiana in Punjab
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All figures in ₹ Crores
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Frequently Asked Questions
What is Share Price of Adinath Textiles Ltd?
The current share price of Adinath Textiles Ltd (Adinath Textiles) is ₹20.85. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Adinath Textiles Ltd?
Adinath Textiles Ltd has a 52-week high of ₹35.45 and a 52-week low of ₹15.46. This range shows the stock's price volatility over the past year.
What is the ROE of Adinath Textiles Ltd?
Adinath Textiles Ltd has a Return on Equity (ROE) of 0.64%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
