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Alok Industries surges on plans to exit from retail business

10 Jan 2013 Evaluate

Alok Industries is currently trading at Rs. 12.35, up by 0.22 points or 1.81% from its previous closing of Rs. 12.13 on the BSE.

The scrip opened at Rs. 12.55 and has touched a high and low of Rs. 12.60 and Rs. 12.30 respectively. So far 732355 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.90 on 13-Feb-2012 and a 52 week low of Rs. 10.48 on 14-Dec-2012.

Last one week high and low of the scrip stood at Rs. 12.49 and Rs. 11.34 respectively. The current market cap of the company is Rs. 1020.44 crore.

The promoters holding in the company stood at 34.16% while Institutions and Non-Institutions held 22.42% and 43.43% respectively.

Alok Industries, country’s largest textile major is planning to exit its retail ventures, despite the fact that global brands are setting sights on lucrative Indian retail. It is looking at exiting its five-year old apparel retail business, ‘H&A’ and 200-store strong ‘Store Twenty One’,  a UK-based retail chain owned by the company.

Largest integrated textiles player has decided to take this step in order to concentrate on core business and reduce debt burden from non-core businesses. The company had a debt burden of Rs 16,000 crore as on March 2012 and debt equity of 4.6:1. It has also sold its real estate assets at the Peninsula Business Park in Lower Parel for Rs 1030 crore, to reduce debt.

Alok has evolved from a small trading business into India’s largest integrated textiles player. It is present across the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are in Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Alok Inds Share Price

14.31 -0.12 (-0.83%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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