Loyal Textile Mills, the Tamilnadu based company was incorporated in 1946 and has its plant at Kovilpatti. It manufactures cotton yarn, fabric, hosiery cloth, caps etc. It exports yarn and cloth to the US, Russia, Germany, Spain, Switzerland, UK, Portugal and other countries. Loyal Textiles was the first to introduce tandem carding in the early seventies, and the earliest to introduce air splicing and automatic cone winding technology, which allows sophisticated electronic controls to detect and mend defects in yarn automatically. Presently, it has manufacturing plants at Kovilpatti, Sattur, Cuddalore, Sivagangai in Tamilnadu, Khammam in Telangana, and Nellore in Andhra Pradesh.The company undertook modernisation of its facility. In 1987, the company has embarked upon an expansioncummodernisation project and set up 100 airjet looms for weaving polyesterblended suitings. The looms were supplied by Loyal Machine Works, a subsidiary. Again in 199899, it increased the installed capacity of ring spindles, rotors and automatic looms to 53,492 nos, 3,768 nos and 285 nos respectively. The company has spent Rs.17.33 cr, Rs.5.39 cr and Rs.13.37 cro on modernisation and replacement of machinery during 199899, 992000 and 200001 respectively.The company had set up an Joint Venture company in Italy in the name of M/s Gruppo PP Loyal Spa. In the year 200001, the company has increased its stake in the JV company to 47.50 %. Apart from this the company has also entered into a JV agreement with M/s Dimco SA, Greece for formation of a JV company in Greece for marketing of Garments during 200001. For replacement of machinery/modernisation and installing power plant the company has spent about Rs. 3358.44 lakhs.During the year 2004, four windmills were installed for generation of power. Huge expenditure was incurred on repairs of old machines and renovation of buildings. The Company added 8 Windmills during 2006 bought two wind mill during 2007 installed 4 more windmills in 2008. During the year 2013, direct transmission cables were laid to Kovilpatti Unit in October and to CTM Unit during February. A 3.3 MW Solar Power Plant was commissioned at Sattur Unit during 201415. Loyal International Sourcing Pvt Limited, was incorporated as wholly owned subsidiary company of the Company, which commenced operations in 2015. Besides, a Joint Venture was established in Portugal for fashion garments.
What is the current share price of Loyal Textile Mills Ltd today on both NSE and BSE?
Loyal Textile Mills Ltd shares are currently priced at 589.35 on NSE and 593.1 on BSE as of 5/2/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Loyal Textile Mills Ltd [LOYALTEX] shares performed in the past ?
The past 1-year return of Loyal Textile Mills Ltd [LOYALTEX] share was -18.98. The Loyal Textile Mills Ltd [LOYALTEX] share hit a 1-year low of Rs. 484.2 and a 1-year high of Rs. 774.9.
What is the market cap of Loyal Textile Mills Ltd [LOYALTEX] ?
The market cap of Loyal Textile Mills Ltd is Rs. 284.07 Cr. as of 5/2/2024 12:00:00 AM.
What is the current P/E ratio of Loyal Textile Mills Ltd [LOYALTEX] share price ?
The PE ratios of Loyal Textile Mills Ltd is 0 as of 5/2/2024 12:00:00 AM.
What is the current PB ratio of Loyal Textile Mills Ltd [LOYALTEX] share price ?
The PB ratios of Loyal Textile Mills Ltd is 0.95 as of 5/2/2024 12:00:00 AM
How can I buy Loyal Textile Mills Ltd shares?
You can easily buy Loyal Textile Mills Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.