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Adinath Textiles Ltd Fundamentals

Market Cap
₹ 18.34 Cr
P/E Ratio (TTM)
30.60
P/B Ratio
7.68
Debt to Equity
0.11
ROE
4.65
EPS (TTM)
0.88
Dividend Yield
0.00 %
Book Value
3.51

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Adinath Textiles Ltd Financials

Adinath Textiles Ltd Financials

Adinath Textiles Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Retail 54.01 % 54.09 % 54.08 % 54.07 %
Promoters 43.58 % 43.58 % 43.58 % 43.58 %
Others 2.41 % 2.33 % 2.34 % 2.35 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %
FII 0.00 % 0.00 % 0.00 % 0.00 %

Retail

54.01%

Promoters

43.58%

Others

2.41%

Mutual Funds

0.00%

FII

0.00%

Retail

54.09%

Promoters

43.58%

Others

2.33%

Mutual Funds

0.00%

FII

0.00%

Retail

54.08%

Promoters

43.58%

Others

2.34%

Mutual Funds

0.00%

FII

0.00%

Retail

54.07%

Promoters

43.58%

Others

2.35%

Mutual Funds

0.00%

FII

0.00%

Resistance and Support

₹27.27

PIVOT

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Resistance
First Resistance₹27.863
Second Resistance₹28.797
Third Resistance₹29.393
support-arrow
Support
First Support₹26.333
Second Support₹25.737
Third Support₹24.803

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,9611,73388.37
Week1,9616,6100.00
1 Month1,9613,6480.00
6 Months649,050624,42695.87

About Adinath Textiles Ltd

Adhinath Textiles Ltd was incorporated in 1979 by the Oswal Group of Ludhiana, who also promoted Mahavir Spinning Mills and Vardhaman Spinning and General Mills. It manufactures synthetic and wool-blended hosiery and, knitting yarns which are marketed under the Adinath brand name. The Company has an installed capacity of 4800 spindles. It has installed state of the art machinery from (SAVIO) Italy, NSC (France). The Company primarily operates in spinning of worsted and spun yarn. It has manufacturing set up base in Ludhiana in the State of Punjab and Corporate Office located in Ludhiana in Punjab. Presently, it devoted major part of its production capacity to Job works. The company commenced operations on a small-scale in 1979-80, at Ludhiana, with an installed capacity of 5392 worsted spindles and a combing capacity of 773 tpa of wool tops. It came out with a public issue in Oct.'88 to finance its long term working capital requirements. By Mar.'90, it added additional 6000 worsted spindles. Since, the acrylic market for worsted spinning units is turning into a low margin activity, the company has decided to come out of the hosiery segment by diversifying into polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings. In 1995-96, the company earned a foreign exchange of Rs 5 cr. During the year, due to the continued recession witnessed by the acrylic yarn industry, the company's margins were eroded due to increase in the cost of the raw material, restricted money supply, increase in interest rates and significant devaluation of rupee. Despite marked improvement in production, turnover and exports, the profitability of the company did not improve correspondingly. In 2003, the Company carried out majority of its manufacturing activities at Nandesari site.

Managing Director

1979

Founded

Rajneesh Oswal

NSE Symbol

NA

Adinath Textiles Ltd Management

NameDesignation
Rajneesh OswalChairman & Managing Director
Raman Marwaha Director
Priya BeganaIndependent Director
R P Gupta Director
Vishal OswalVice Chairman & M.D.
S K Sekhri Director
Krishan SethiIndependent Director
Arun Goel Additional Director
Harpreet KaurCompany Sec. & Compli. Officer
Ravinder KumarIndependent Director

Adinath Textiles Ltd News

Adinath Textiles to convene board meeting
On 28 May 2024
Adinath Textiles standalone net profit rises 13.33% in the December 2023 quarter
Reported sales nil
Adinath Textiles to table results
On 13 February 2024
Adinath Textiles standalone net profit declines 71.43% in the September 2023 quarter
Reported sales nil
Adinath Textiles to declare Quarterly Result
On 10 November 2023
Adinath Textiles to convene AGM
On 29 September 2023
Adinath Textiles standalone net profit rises 33.33% in the June 2023 quarter
Reported sales nil
Adinath Textiles to discuss results
On 12 August 2023
Adinath Textiles standalone net profit rises 80.00% in the March 2023 quarter
Reported sales nil
Adinath Textiles to declare Quarterly Result
On 29 May 2023

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Adinath Textiles Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Adinath Textiles Ltd shares in BlinkX

Adinath Textiles Ltd's P/E ratio is 30.60 times as of May 18, 2024 at 04:00 PM.

Adinath Textiles Ltd's most recent financial reports indicate a price-to-book ratio of 7.68, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Adinath Textiles Ltd's market is 18 Cr as on May 18, 2024 at 04:00 PM.

The current financial records of Adinath Textiles Ltd show a 4.65% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Adinath Textiles Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Adinath Textiles Ltd stands at 43.58%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 0.00% to 0.00%.