Surat Trade & Merchantile Ltd

BSE
BUY

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Start SIP in Surat Trade & Merchantile Ltd
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 %
32.73% Fall from 52W High
-24.6
TTM PE Ratio
Above industry Median
22.9
Price to Book Ratio
Above industry Median
1
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-0.3
RSI
RSI is mid-range
37.5
MFI
MFI oversold
21.7

Surat Trade & Merchantile Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Surat Trade & Merchantile Ltd shareholding Pattern

Promoter
68.4%
Public
31.6%
Promoter
68.4%
Public
31.6%
Promoter
68.4%
Public
31.5%
Promoter
68.4%
Public
31.5%
Promoter
68.4%
Public
31.6%
Promoter
68.4%
Public
31.5%

Surat Trade & Merchantile Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
9.40
10Day EMA
9.50
12Day EMA
9.50
20Day EMA
9.60
26Day EMA
9.70
50Day EMA
10.00
100Day EMA
10.10
200Day EMA
9.90
5Day SMA
9.50
10Day SMA
9.50
20Day SMA
9.70
30Day SMA
9.80
50Day SMA
9.90
100Day SMA
10.70
150Day SMA
10.10
200Day SMA
9.80
Delivery & Volume
Resistance & Support
9.34
Pivot
Resistance
First Resistance
9.49
Second Resistance
9.62
Third Resistance
9.77
Support
First Support
9.21
Second support
9.06
Third Support
8.93
Relative Strength Index
37.50
Money Flow Index
21.73
MACD
-0.19
MACD Signal
-0.19
Average True Range
0.46
Average Directional Index
37.96
Rate of Change (21)
-8.60
Rate of Change (125)
2.19
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Shiva Texyarn Ltd.
213.95
114.1
200.95
JCT Ltd.
-
-
-
Surat Trade and Mercantile Ltd.
-
-
-
Modern Threads (India) Ltd.
-
-
-
United Polyfab Gujarat Ltd.
-
-
-
Shahlon Silk Industries Ltd.
-
-
-
Le Merite Exports Ltd.
-
-
-

Surat Trade & Merchantile Ltd Company background

Founded in: 1945
Managing director: Alok P Shah
Surat Trade and Mercantile Ltd was originally incorporated as Public Limited Company in the name of Surat Textile Mills Limited on November 29, 1945. The name of the Company was changed to Garden All Cotton Limited with effect from July 21, 1993. Again, the name was changed to Garden Cottons and Yarns Ltd. with effect from October 5, 1993 and consequently to Surat Textile Mills Limited with effect from March 11, 1997. The Company is presently engaged in the business of trading in commodities and commodity related activities while considering the resources and size of the Company. The companys 3 manufacturing plants are located in Surat, Gujarat.In Mar.95, it issued rights shares at a premium and FCDs. During 199495, STML privately placed secured redeemable PCDs with financial institutions. The above proceeds were utilised for the companys expansion cum modernisation programme which it undertook by installing 25,200 spindles and manufactured PFY having a installed capacity of 17,500 TPA. The above expansion were completed and production was started in 1996.The Poly Condensation Unit commenced commercial production of Fibre grade Polyester Chips in 1996. The implementation of the POY Spinning project has been set up into two two phases due to demand recession. The companys yarn doubling and grassing project at silvassa became fully operational during 199697.In 1998 the company installed 12,384 spindles of synthetic fibre at Vareli and production started in the same year. The operating environment of Polyester Chips and Yarn segment remained unfavourable since 2021 2022. With the objective to preserve the value of the plant assets (being in shut down condition), the Management after evaluating various options, decided to sell the assets of the Companys Manufacturing Division at Taluka Palsana, Surat, in relation to the unit and executed the definitive agreements in April, 2022. Consequent to sale/transfer of the assets, the management after considering various options for possible alternate business, commenced the new activities of trading in commodities and other commodity related business from third quarter of FY23.In 202223, Vareli Trading Company Limited (VTCL) got merged with the Company and was made effective from September 26, 2022 through the Scheme of Amalgamation.
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