Laxmi Cotspin Ltd

NSE
LAXMICOT •
BUY

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

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Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
97.08% Gain from 52W Low
43.5
TTM PE Ratio
Negative PE TTM
-6.9
Price to Book Ratio
Above industry Median
1.2
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.1
RSI
RSI is mid-range
61.2
MFI
MFI Overbought
71.6

Laxmi Cotspin Ltd Key Financials

*All values are in ₹ Cr.

Laxmi Cotspin Ltd shareholding Pattern

Promoter
57.4%
Public
42.4%

Laxmi Cotspin Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
33.00
10Day EMA
31.90
12Day EMA
31.60
20Day EMA
30.90
26Day EMA
30.40
50Day EMA
28.80
100Day EMA
26.50
200Day EMA
24.50
Delivery & Volume
Resistance & Support
33.97
Pivot
Resistance
First Resistance
35.28
Second Resistance
36.77
Third Resistance
38.08
Support
First Support
32.48
Second support
31.17
Third Support
29.68
Relative Strength Index
61.18
Money Flow Index
71.58
MACD
1.21
MACD Signal
0.87
Average True Range
2.72
Average Directional Index
35.30
Rate of Change (21)
5.96
Rate of Change (125)
71.14

Laxmi Cotspin Ltd Company background

Founded in: 2005
Managing director: Sanjay Rathi
Laxmi Cotspin Limited was incorporated in Maharashtra, as Mauli Cotspin Private Limited, on October 7, 2005, under the provisions of the companies Act 1956, with certificate of incorporation dated October 19, 2005, issued by Registrar of Companies. Subsequently, the name of the company was changed from Mauli Cotspin Private Limited to Laxmi Cotspin Private Limited, and a fresh certificate of incorporation dated October 12, 2007, issued by Registrar of Companies. Further, the company was converted into a Public Limited Company, pursuant to special resolution passed at the extraordinary general meeting of the company held on February 7, 2011, and the name of the company was changed to Laxmi Cotspin Limited, and a fresh certificate of incorporation dated March 7, 2011, issued by Registrar of Companies.The company is engaged in the business of cotton processing in textile industry with the production facilities located in cotton growing areas of Marathwada and Vidarbha region at Samangaon, which is situated in the Jalna district of state of Maharashtra. The company is manufacturer of yarn and has also an existing open end and ringspinning unit to cater to the yarn markets in Maharashtra and Gujarat. The companies business is spread among home textiles, weaving sector, Denim Manufactures and hosiery Manufactures through open end yarn and ring spun yarn. The company believes that they are manufacturing premium quality 100% cotton combed and carded hosiery/ warp conventional, organic and BCI yarn in count range of 30s Ne to 40s Ne for the purpose of exporting to Asian and European countries.The company was established in year 2006, with a capacity of 13200 spindles with combers in the first phase. Over the years, the company has expanded upto 16800 spindles with compact, lycra and slub attachment and has also set up one open end unit with 1200 Rotors. The company also believes that, the company has established a strong customer base and good marketing setup.The company has also started its own Organic Cotton Farming Project and Better Cotton (BCI) Project in Jalna District, with 4,750 farmers in 13,200 acre of cultivation land and yield capacity of initially 55,000 quintals Kapas (11,000 BCI certified own ginned cotton bales). Further, the company has expanded upto 40,000 bales per crop seasons in near future.The company plant is equipped with fully automatic, dust and pollution, modern colour contamination removal and yarn conditioning system. The company was approved as Mega Project, under IPS Scheme 2007, of Maharashtra state Government and is therefore enjoying the same for 8 years and the Mega project status was extended for us for another 4 years.The companies operation is supported by modern testing instruments for installed in its quality assurance laboratory, includes UT5 (Uster Switzerland), HVI, Single Yarn Tester, Aqura process Control Management (Premium India).
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Laxmi Cotspin Ltd FAQs

The past 1-year return of Laxmi Cotspin Ltd [LAXMICOT] share was 61.72. The Laxmi Cotspin Ltd [LAXMICOT] share hit a 1-year low of Rs. 17.15 and a 1-year high of Rs. 36.9.

The market cap of Laxmi Cotspin Ltd is Rs. 57.96 Cr. as of 2/20/2024 12:00:00 AM.

The PE ratios of Laxmi Cotspin Ltd is 0 as of 2/20/2024 12:00:00 AM.

The PB ratios of Laxmi Cotspin Ltd is 1.36 as of 2/20/2024 12:00:00 AM

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