Addi Industries Ltd share Price Today

Addi Industries Ltd is a company that operates in the Textiles sector and has a market capitalisation of Rs. 4.28 crore on 12th May 2021. On 3rd May 1994, it became a corporation. At the end of March 2021, it registered combined revenue from other sources of Rs 92.57 lakhs. The Bombay Stock Exchange (BSE) has assigned the number 507852 and is currently not traded on the National Stock Exchange. Addi Industries Ltd is trading at Rs. 3.96 as of 12th May 2021. Addi Industries Limited was initially involved in the trade of plastic materials and establishing tarpaulin and plastic bag manufacturing facilities. The company was founded as a public limited company in the state of Gujarat on 3rd May 1994. In 1994, the firm began commercial activities in leasing, hire-purchase, bill discounting, short-term lending, investment banking, and consulting and consultancy services. The corporation authorised the adoption of practices relating to the manufacturing and marketing of various types of electric instruments on 26th September 1997. Ferrite rods, hard and soft ferrites, capacitors, rectifiers, integrated circuits, printed circuit boards, and computers are examples of components. Minicomputers and compounds need a high level of resolution. The company's name was changed from JRC Finvest Limited to JRC Industries Limited on 25th November 1997. Addi Worsted Limited, Addi Fashions Private Limited, and Addi Woollens Limited merged with the group in 1987-1988. During the years 1899 to 1990, the corporation increased its worsted yarn plant from 2400 to 6000 spindles. The firm installed Woollen Cotton Knitting and Cotton Knitting & Dyeing Plants in 1991-1992. During the years 1994-1995, the company developed a competitive export market in the United States and other countries. The company's Cotton Spinning Unit in Sikandrabad was inaugurated in 1995-1996. The net sales have increased from Rs. 12 Lakhs in march 2018 to 51 lakhs in March 2019, and no sales were reported to date on March 2020; however, the company has reported a total of Rs. 92.57 lakh in the other income segment for the year 2019-2020 as against Rs. 93.24 lakhs for the year 2018-2019. Due to the scale-down of activities to marginal, higher production costs, poor export orders, and subdued cotton and fibre markets, the company's profitability during the financial year under review was significantly impacted, and the directors were unable to approve a dividend for the financial year 2019-20 due to cumulative losses. The Promoters currently hold 74.27% of the stake in the company, whereas the DII's, FII's and the public hold 0.06%, 0.0% and 25.67% stakes, respectively.

Addi Industries share price as on 19 Apr 2024 is Rs. 55.81. Over the past 6 months, the Addi Industries share price has increased by 11.24% and in the last one year, it has increased by 62.33%. The 52-week low for Addi Industries share price was Rs. 27.9 and 52-week high was Rs. 70.68.