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MOHITIND

MOHITIND

MOHITIND

Textile

16.1

0.00 (0.00%)

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Market Cap23 CrEPS-0.2High16.6
Stock P/E0.0Net Profit Margin0.2Low15.8
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Mohit Industries Price chart

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NSE: Mohit Industries

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Performance

Today’s Low

Today’s High

15.8

16.6

52W Low

52W High

10.75

26.55

Open Price16Volume1
Prev. Close16.05
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Fundamentals

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Market Cap23 CrROE0.3%
P/E Ratio(TTM)0.0EPS(TTM)-0.1
P/B Ratio0.6Dividend Yield0.0%
Industry P/E66.9Book Value27.9
Face Value10.0
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About the Company

Mohit Industries ( MIL ) was incorporated in the year 1991, promoted by Narayan Saboo and Sitaram Saboo and was formerly known as Mohit Fibers. MIL was incorporated in the the year 1991. It is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities at Kim and Sivassa with acapacity to manufacture 18,000 Metric Tonnes of texturised yarns and 12.5 million metres of art silk grey cloth.

The Company started its commercial activities with Yarn trading and ventured in to manufacturing activities in 1993 with installation of 28 Power looms and High-speed Twisting machines.

1996 witnessed expansion and diversification of Mohit Industries with installation of 2 Texturising machines and 36 Power looms at its Kim unit. Company went for Public Issue during January 1996. In March 1996, the company started one more unit at Silvassa with 1 Texturising machine and added one more Texturising machine in March 2000.

2 more Texturising machines were installed at Silvassa during July 2004 and February 2005. The Company has also upgraded its weaving machineries and installed 28 jacquard machines. Further it has also upgraded its Twisting machineries by installing 10 advanced TFO machines.

With the flourishing expansion and up gradation, the company presently includes 12 Texturising machines, 144 looms, 100 Shuttle less waterjet looms and 27 TFO machines with a production capacity of 18,000 MT of Texturised Yarn and 12.5 million meters of Art Silk Cloth.

Over the period of last 15 years the company has successfully transformed from a family run business to a professionally managed organization. MIL follows a very strict quality control norm on all its procurements, manufacturing and designs. Each product has to pass through a number of quality check resulting reduced rejections and greater cost savings.

Product range of the company includes:

  • AAC Blocks Project- AAC means Autoclaved Aerated Concrete Blocks, kind of building material, normally used in major commercial building projects. The company has studied its viability and feasibility and decided to launch the project in consultation and collaboration with parties of China.
  • Textile- With the continued expansion and upgradation, the company is presently having 12 Texturising machines.
  • Yarn- The products of the company are well accepted in the market and it is leading and well known in the yarn market.
Parent OrganisationMohit Industries Ltd.Managing DirectorNarayan Sitaram Saboo
Founded1991NSE SymbolMOHITIND
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Financials

All values are in Rs Cr

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Shareholding Pattern

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Peer Comparison

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