Shahlon Silk Industries Ltd

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SHAHLON •
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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 %
104.47% Gain from 52W Low
-2.3
TTM PE Ratio
High in industry
56.5
Price to Book Ratio
Above industry Median
2.2
Dividend yield 1yr %
Low in industry
0.2
TTM PEG Ratio
PEG TTM is much higher than 1
10.5
RSI
RSI Overbought
72.3
MFI
MFI strongly Overbought
80.2

Shahlon Silk Industries Ltd shareholding Pattern

Promoter
72%
Foreign Institutions
5.6%
Public
22.4%
Promoter
72.1%
Foreign Institutions
5.6%
Public
22.4%
Promoter
72%
Foreign Institutions
5%
Public
22.9%
Promoter
72%
Public
28%
Promoter
72%
Public
28%
Promoter
71.9%
Public
28.1%
Foreign Institutions
0.1%
Foreign Institutions
0.1%
Foreign Institutions
0.5%

Shahlon Silk Industries Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
22.20
10Day EMA
21.40
12Day EMA
21.20
20Day EMA
21.00
26Day EMA
21.00
50Day EMA
21.60
100Day EMA
22.10
200Day EMA
21.00
5Day SMA
21.90
10Day SMA
20.60
20Day SMA
20.50
30Day SMA
21.00
50Day SMA
21.40
100Day SMA
23.70
150Day SMA
22.80
200Day SMA
21.50
Delivery & Volume
Resistance & Support
23.59
Pivot
Resistance
First Resistance
24.37
Second Resistance
24.77
Third Resistance
25.55
Support
First Support
23.19
Second support
22.41
Third Support
22.01
Relative Strength Index
72.31
Money Flow Index
80.19
MACD
0.17
MACD Signal
-0.35
Average True Range
0.80
Average Directional Index
23.77
Rate of Change (21)
8.56
Rate of Change (125)
30.40
Peer comparison
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Market Cap
52W Low
52W High
BSL Ltd.
207.34
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231.45
115.1
204.1
Vardhman Polytex Ltd.
226.51
4.78
12.22
Aarnav Fashions Ltd.
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Modern Threads (India) Ltd.
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Shahlon Silk Industries Ltd.
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AB Cotspin India Ltd.
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Shahlon Silk Industries Ltd Company background

Founded in: 2008
Managing director: Arvind Raichand Shah
Shahlon Silk Industries Limited is a leading textile enterprise based in Surat, the textile hub of India. The Company is a leading yarn and fabric producer catering to both domestic and international markets. Shahlon Silk Industries Limited was incorporated in April 02nd, 2008 and is engaged in the business of manufacturing of synthetic textile yarn and grey fabric on water jet looms, air jet looms rapier looms and various preparatory activities like sizing, texturizing, yarn dyeing, twisting, crape, ply yarn etc. The basic raw material for manufacturing companys product is POY, FDY, PFY etc. The Company has a manufacturing plants at Kim, Karanj, Kosamba and Sachin, situated in Gujarat. The Company is a Marketing Agent of Reliance Industries Limited for sale of yarn products and supplying yarn to various big players in the market. The Company established network for marketing of products, wide spread customer base, good market reputation and quality of the products. It started the journey from a small textile unit to being a leading supplier in quality yarns and fabrics thru innovation and sustainability.In the period of 19842000, the Founders of the Company arrived in Surat and set up a small textile unit with 12 conventional power looms, by installing 282 water jet looms. The Company ventured into a Marketing Sales Agency with Reliance Industries Limited for sale of synthetic yarn.In the year 20002005, the Company incorporated green energy to carry on the operations within through a 1.25 mw windmill. The Company installed an Effluent Treatment Plant (ETP) with the capacity to recycle 15 lakhs litres of water daily and further expanded production capacity by installing 100 waterjet looms.In the year 20052010, the Company established more green energy to perform operations by installing 2 windmill with the capacity of 0.6 mw each. In Surat, the Company further installed 14 polyester sized machines by inventing new and better technology to continue operations. The period 20112015 reported tremendous growth with the commencement of yarn dyeing, cotton seizing, split warping and expansion of existing yarns.The period 20162019 was going ahead with the introduction of finish fabrics with additional yarn dyeing capacity of 750 tons per month, and the installation of a yarn space dyeing machine along with 30 air jet looms, and windmill with a capacity of 2.10 mw. The Shahlon Group is now a renowned firm operating on Globally Accepted Standards (GASs) and are presently starting to manufacture natural fibres like cotton, viscose and rayon.During the year 2021, Fairdeal Filament Limited (Transferor Company) merged with Shahlon Silk Industries Limited (Transferee Company) pursuant to the Order of The National Company Law Tribunal on 10th May 2019. Consequently, the Company has allotted 67,24,240 Fully Paid Equity Shares of Rs. 10 each to the Shareholders of Fairdeal Filaments Limited and 16,000 Shares of Rs 10/ each held by Fairdeal Filaments Limited in the Company has been cancelled. The Board of Directors at its meeting held on June 29, 2021 considered and recommended the subdivision of 1 Equity Share of the Company of the face value of Rs.10/ each into 5 Equity Shares of the Company of face value of Rs. 2/ each fully paid up subject to approval of the Members and other statutory and regulatory approvals, as applicable.The Company continuously invests in state of the art technology and equipment across all the areas of operations to adopt globally accepted manufacturing technology, delivering speed, versatility and most importantly, quality. Since product quality is of supreme importance, it ensures exceptional quality control across the entire manufacturing process through extensive testing methods, to adhere all the quality specifications.
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