Suryalata Spinning Mills 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 %
76.40% Fall from 52W High
-6.4
TTM PE Ratio
Below industry Median
8.8
Price to Book Ratio
Below industry Median
0.7
Dividend yield 1yr %
Above industry Median
0.8
TTM PEG Ratio
RSI
RSI is mid-range
42.7
MFI
MFI is mid-range
32.1

Suryalata Spinning Mills 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.

Suryalata Spinning Mills Ltd shareholding Pattern

Promoter
70.4%
Public
29.6%
Promoter
70.4%
Public
29.6%
Promoter
70.4%
Public
29.6%
Promoter
70.4%
Public
29.6%
Promoter
70.4%
Public
29.6%
Promoter
70.4%
Public
29.6%

Suryalata Spinning Mills Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
392.20
10Day EMA
394.50
12Day EMA
395.20
20Day EMA
397.50
26Day EMA
398.80
50Day EMA
404.10
100Day EMA
427.40
200Day EMA
482.80
5Day SMA
393.40
10Day SMA
394.70
20Day SMA
398.20
30Day SMA
402.20
50Day SMA
398.30
100Day SMA
421.40
150Day SMA
428.50
200Day SMA
470.60
Delivery & Volume
Resistance & Support
386.90
Pivot
Resistance
First Resistance
402.80
Second Resistance
415.70
Third Resistance
431.60
Support
First Support
374
Second support
358.10
Third Support
345.20
Relative Strength Index
42.71
Money Flow Index
32.08
MACD
-3.62
MACD Signal
-2.94
Average True Range
19.01
Average Directional Index
16.67
Rate of Change (21)
-5.24
Rate of Change (125)
-8.46
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
BSL Ltd.
181.61
155
236.8
The Indian Card Clothing Company Ltd.
159.96
205.05
350.3
Weizmann Ltd.
190.07
85.9
155
Reliance Chemotex Industries Ltd.
156.49
161.15
350.5
Suryalata Spinning Mills Ltd.
-
-
-
Winsome Textile Industries Ltd.
-
-
-
Digjam Ltd.
171.8
73.35
109.15

Suryalata Spinning Mills Ltd Company background

Founded in: 1983
Managing director: Vithaldas Agarwal
Suryalata Spinning Mills (SSML) was incorporated on May 23, 1983 in Hyderabad. The Company is one of the largest producers of Yarn. The Company is basically into manufacturing of Synthetic blended yarns of Polyester / Viscose, 100% Polyester and 100% Viscose with counts ranging from 20s to 40s. Currently the Company has two manufacturing units with a total capacity of 69,408 spindles at Kalwakurthy and Urkondapet. The unit at Kalwakurthy has an installed capacity of 36,288 spindles with a production capacity of 30 MTs per day. The second plant (Urkondapet) has an installed capacity of 33,120 spindles with a production capacity of 20MTs per day. SSML commenced commercial production in 198687. In May 92, the company came out with zerointerest fully convertible debentures to partfinance the cost of setting up another plant as well as to modernise the existing one. As on 31 Mar.95, it had an installed capacity of 25,077 ring spindles and 672 rotors. The modernisation of the Kaluakurthy unit was completed. The company undertook an expansion programme at Kaluakurthy and Ramtek to install 6048 spindles and 3600 spindles respectively at a cost of Rs 10 cr. During 199798 the modernisation and expansion programme at its two units at Kalwakurthy Ramtek was completed an schedule and started operating on expanded capacity. The expansion programme for the year 2000 to increase the spindleage by 12000 No has been completed at Kalwakurthy and Ramtek. In 200203 the company undertook modernisation of its plant at an estimated outlay of Rs.733.15 lakhs. The modernisation project is being funded by way of Term loans from UCO bank under the TUF and the balance through contribution by promoters and internal accurals. The project is expected to be completed at the end of the current financial year.During the year 200910, the Company installed new equipment for 10,080 spindles at Urukondapet Unit and started commercial production from 18th January, 2010. Accordingly, the total capacities of the Company increased to 69,408 spindles. During 201415, YP Solar Power Private Limited was incorporated as a Wholly Owned Subsidiary of the Company vide w.e.f. 23rd February, 2015 to generate power for captive consumption purpose.The Company completed its Modernization cum Expansion project at Kalwakurthy Unit in March, 2019 and incurred total Capital Expenditure of Rs 83.93 cr and resultant, the total installed capacity increased from 93,264 spindles to 1,15,248 spindles.During 202122, the company installed Solar of 4.342 MW on BOT basis at Kalwakurthy Unit and 4.585 MW on CAPEX mode at Urukondapet Unit, in addition to Solar plant of 1.20MW under BOT model. Further, installed 1.00 MW solar plant in April 2022. Thereby, total installations count to 11.127 MW against connected power load of 12.650 MW.
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