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Gangotri Textiles Ltd

Company details

0.80
0.81
0.76
1.34
6M Return -28.95%
1Y Return -39.55%
Mkt Cap.(Cr) 2.64
Volume 150
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 150

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: -235.76 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41.01 -16,297.57
LAST 3M 16,935.72 -4,368.10
LAST 6M 40,997.71 72,693.54
LAST 12M 176,172.92 -109,962.90

Gangotri Textiles Limited - Outcome of Board Meeting

Jan 25, 2023 l NSE Announcement

NSE Board Meetings Forthcomming

Jan 25, 2023 l NSE Board Meetings Forthcomming

Board Meeting for Today

Jan 25, 2023 l Board Meetings for Today

Date Action Type Ratio
No data found

INFORMATION

Stock PE (TTM)

0

Promoter Holding

24.53%

Book Value

-100.0122

ROCE

-0.19%

ROE

0.01%

Description

  • Gangotri Textiles Ltd is a vertically integrated textile unit. The company is engaged in recycling of waste, open-end spinning, ring spinning, weaving, processing and garments manufacturing. They have world class in- house facilities from processing yarn to manufacture of finished garments. The company`s production facilities are located at Coimbatore, Maharashtra, Dindigul and Erode. Their products include cotton yarn, elastic yarn and specialty yarn, fabric and readymade garments for men. Their garments are marketed under the brands Tibre, Fugo and E Gen. Gangotri Textiles Ltd was incorporated on July 26, 1989 as a private limited company with the name Gangotri Textiles Pvt Ltd. The company was promoted by the Manoj Kumar Tibrewal. Initially, the company started their business as waste-cotton re-cycler and trader in the late 1980s in Kolkata. In the year 1989, the company was formally incorporated. In January 1993, the company was converted into public limited company and the name was changed to Gangotri Textiles Ltd. In August 1993, the company set up 4 open end spinning machines at Palladam Taluk in Coimbatore (Unit I) at an investment of Rs.4.76 crore. In July 1994, they made a public issue of equity shares at par for an amount of Rs.2.10 crore to part fund the expansion of Unit I. Also, they expanded the Unit I with 2 more O.E. Frames In the year 1995, the company set up Sri Dwarka Textiles (Unit II) at Avinashi Taluk, Coimbatore and commenced commercial production. During the year 1997-98, the company purchased an existing open end spinning sick unit at Kolhapur, Maharashtra (Unit III) and managed to make it a viable profitable unit. Also, they expanded the Unit III with 3 more O.E Frames In the year 2000, the company ventured into the ready-made-garments (RMG) market through their division, Gangotri Apparels and launched their "Tibre" brand of cotton trousers in Coimbatore. They also launched "TIBRE" brand trousers at Bangalore and other cities. In March 2000, the company acquired a 7 years old 16,800 spindle ring-spinning sick unit, Palani Andavar Cotton & Synthetics Ltd (Unit IV) located in Udumalpet, and also managed to make it a viable a profitable unit. Also, the company expanded the Unit II with 3 more O.E Frames during the year. In the year 2001, the company set up a Processing Unit V for garments at Perundurai -SIPCOT Complex. During the year 2001-02, they undertook a modernization program at Unit IV. In the year 2004, the company installed a captive power generation plant at Unit IV. In the year 2005, they installed two Wind Mills of 1.65 M.W each at Udamalpet for captive consumption of power. Also, they established cotton waste recycling unit (Unit VII) at Coimbatore. In the year 2007, the company started commercial production of Weaving & Processing Unit. In the year 2008, the company launched the new brand "Fugo" - trousers & shirts exclusively for the youth. They introduced Ready to Stitch cut bits under the brand name "Lemon". In the year 2009, the company set up Unit IX with the capacity of 5000 Spindles and commenced commercial production. During the year 2009-10, the company increased the production capacity of Spindles from 17376 Nos to 23,424 Nos. The company decides to sell one or more units of the company for the repayment of the loan borrowed from the consortium Lenders for the project.

Registered Address

25-A Venkatachalam CoOP Colony, R S Puram, Coimbatore, Tamil Nadu, 641002

Tel : 91-0422-4332100
Email : tibre:gangotritextiles.com
Website : http://www.gangotritextiles.com

Registrar

SKDC Consultants Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 521176
NSE Code : GANGOTRI
Book Closure Date (Month) :
BSE Group : Z
ISIN : INE670B01028

ICICIdirect Gangotri Textiles Ltd FAQ

You can buy Gangotri Textiles Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gangotri Textiles Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 23, 2023 04:00 PM the closing price of Gangotri Textiles Ltd was ₹ 0.81.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 23, 2023 04:00 PM, the market cap of Gangotri Textiles Ltd stood at ₹ 2.64.
The latest PE ratio of Gangotri Textiles Ltd as of Jan 23, 2023 04:00 PM is 0
The latest PB ratio of Gangotri Textiles Ltd as of Jan 23, 2023 04:00 PM is -90.92
The 52-week high of Gangotri Textiles Ltd is ₹ 1.34 while the 52-week low is ₹ 0.76

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