Adinath Textiles Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on May 31, 2023
-7
TTM PE Ratio
Above industry Median
30.5
Price to Book Ratio
High in industry
7.8
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
2.3
RSI
RSI is mid-range
44.2
MFI
MFI is mid-range
67

Adinath Textiles Ltd shareholding Pattern

Promoter
43.6%
Public
56.4%
Promoter
43.6%
Public
56.4%
Promoter
43.6%
Public
56.4%
Promoter
43.6%
Public
56.4%
Promoter
43.6%
Public
56.4%
Promoter
43.6%
Public
56.4%

Adinath Textiles Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
27.20
10Day EMA
27.30
12Day EMA
27.30
20Day EMA
27.40
26Day EMA
27.50
50Day EMA
27.70
100Day EMA
27.90
200Day EMA
28.00
5Day SMA
27.30
10Day SMA
27.20
20Day SMA
27.50
30Day SMA
27.60
50Day SMA
27.80
100Day SMA
28.20
150Day SMA
28.20
200Day SMA
27.90
Delivery & Volume
Resistance & Support
27.01
Pivot
Resistance
First Resistance
27.32
Second Resistance
27.78
Third Resistance
28.09
Support
First Support
26.55
Second support
26.24
Third Support
25.78
Relative Strength Index
44.20
Money Flow Index
67
MACD
-0.18
MACD Signal
-0.18
Average True Range
1.24
Average Directional Index
22.97
Rate of Change (21)
-3.73
Rate of Change (125)
-7.38
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Rajkamal Synthetics Ltd.
-
-
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Adinath Textiles Ltd.
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Hisar Spinning Mills Ltd.
-
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Sri Nachammai Cotton Mills Ltd.
-
-
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Jagjanani Textiles Ltd.
-
-
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Indo Cotspin Ltd.
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-
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Gujarat Hy-Spin Ltd.
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-
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Adinath Textiles Ltd Company background

Founded in: 1979
Managing director: Rajneesh Oswal
Adhinath Textiles Ltd 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 woolblended 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).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. Presently, it devoted major part of its production capacity to Job works.The company commenced operations on a smallscale in 197980, 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.In 199596, 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 companys 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.
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