The company was originally incorporated on June 11, 2010 as a Private Limited under the name and style of ‘Lagnam Spintex Pvt Ltd’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Jaipur Rajasthan. Subsequently the company was converted into the public company vide special resolution passed by the shareholders at the EGM held on January, 22, 2018 and the name of the company was converted into ‘Lagnam Spintex Limited’.

Business area of the Company

Lagnam Spintex is an ISO 9001:2015 certified Company engaged in the business of manufacture of high quality yarn for domestic and export market ranging from count Ne 4 to Ne 20 which is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc. The company is presently exporting cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh and others. It supplies to customers, who are in fields like apparel and garment industry, industrial fabrics, towels, Denims etc. At present, the company is exporting its products to countries, which are expected to grow in forthcoming times thereby offering more scope for the company to develop new markets and to increase its presence accordingly.

The company has been recognised as ‘One Star Export House’ by the Director General of Foreign Trade with a certificate valid from 2017 to 2022. It has also received OEKO Tex certification. It has a dedicated in-house Testing and Quality Control Team which undertakes rigorous testing and quality management. It is one of the few cotton yarn manufacturers globally who have received certification from USTER Technologies AG.

Major events and milestones:

2012: Started commercial production
2013: Started Exports
2014: Completed First expansion
2014: Oekotex Certificate
2014: GOTS Certificate
2015: Completed Second Expansion
2016: Uster Certificate
2017: Awarded Star Export House Certificate
2017: Awarded ISO 9001:2015 certificate in Manufacture & Export of Cotton Yarn
2018: Conversion of Company into Public Limited
2018: Issuance of Bonus Share

Market Cap	151 Cr	ROE	10.9%
P/E Ratio(TTM)	33.1	EPS(TTM)	0.0
P/B Ratio	1.6	Dividend Yield	0.0%
Industry P/E	47.9	Book Value	54.9
		Face Value	10.0

Fundamentals