Textile - Spinning
|Market Cap||236 Cr||EPS||57.7||High||199.7|
|Stock P/E||3.4||Net Profit Margin||-1.3||Low||195|
|Market Cap||236 Cr||ROE||26.8%|
|P/B Ratio||0.5||Dividend Yield||3.0%|
|Industry P/E||25.6||Book Value||359.6|
Established in 1962, Precot has symbolized Quality and Trust in the textile industry. With four decades of spinning experience and a diverse range of products that include cotton yarns, sewing threads, fabrics and garments; Precot is one of the few totally integrated textile players with a total turnover of 90 million US Dollars.
Precot Mills limited was renamed as Precot Meridian Limited with effect from September 28,2006. The company has also adopted a new logo. The name change is in tune with the transformation of the company from a pure spinning mill into an integrated textile player. The company apart from manufacturing cotton yarn and polyester sewing thread has also commenced manufacture of yarn dyed shirting fabrics. It proposed to venture into garment manufacture also in due course.
The group has state of the art infrastructure facilities and skilled personnel to rise up to customer expectations.
The group has been accorded the status of ‘Export House’ by the Cotton Textile Export Promotion Council of India (TEXPROCIL). The countries we export our products to include Belgium, China, Italy, Japan, Malaysia, Portugal, South Korea, Turkey and U.K. among others.
Meridian Industries Limited has been merged with Precot Mills Limited with effect from 01st April,2006. Meridian Industries Ltd (MIL) which was incorporated in the year 1993 was promoted by Precot Mills Limited and. Around 70% of the shares of MIL were held by the shareholders of Precot. To have larger capacity in a single company, instead of the capacities being spread over in two companies having common shareholders, the merger was proposed.
This has been approved by the High Court of Madras vide its order dated 30th August and 1st September, 2006. As per the scheme of Merger, the shareholders of MIL are entitled for one share of Precot for every two shares of MIL. Accordingly the share certificates of Precot was despatched in Dec,06 to those shareholders who have surrendered the certificates of MIL.
Product range of the company includes:
Combed Cotton yarn
Polyester Sewing Thread on TFO
|Parent Organisation||Precot Ltd.||Managing Director||Ashwin Chandran|
All values are in Rs Cr
|Company||52 Week||Market Price||P/E Ratio|