Mandhana Industries trades in green on the BSE

04 Jul 2013

Mandhana Industries is currently trading at Rs 237.00, up by 1.80 points or 0.77% from its previous closing of Rs 235.20 on the BSE.

The scrip opened at Rs 239.95 and has touched a high and low of Rs 239.95 and Rs 235.05 respectively. So far 13873 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 309.00 on 29-Jan-2013 and a 52 week low of Rs 195.90 on 21-Mar-2013.

Last one week high and low of the scrip stood at Rs 246.00 and Rs 235.00 respectively. The current market cap of the company is Rs 781.72 crore.

The promoters holding in the company stood at 66.21%, while Institutions and Non-Institutions held 9.79% and 24.00% respectively.

Credit rating agency, CARE has reaffirmed ‘A’ rating to Mandhana Industries’ long-term fund-based bank facilities worth Rs 411 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short-term non-fund based bank facilities worth Rs 100 crore.

The company has received the said rating affirmation on the back of its experienced promoters, the company’s partially-integrated operations, the gradual shift in its product mix towards high-margin garment business, its established marketing set-up with a strong clientele and an in-house product design and development team.

The company is engaged into the business of fabric processing and garmenting. As at the end of March 31, 2013, the company had the capacity to produce 36 million meters of grey fabric per annum, processing capacity of 51.60 million meters per annum, garmenting capacity of 5 million pieces per annum and a yarn dyeing capacity of 3,000 MT per annum.

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