The 5-year analysis of Sita Shree Food Products Ltd's performance infers:
We analysed the performance of Sita Shree Food Products Ltd share prices over the last 10 years. Here is what we found out:
Sita Shree Food Products is in the business of wheat and pulse processing. The manufacturing units of the company are located at Village Palda an industrial area in the Southern part of Indore on approx. 2.5 acres of land, which is well connected by roads, railway & air.
The company was originally incorporated as Sitashree Foods Products Private on 17th April 1996 under the Companies Act, 1956 with Registrar of Companies, Madhya Pradesh, Gwalior. The company was converted into public
The company was originally incorporated as Sitashree Foods Products Private on 17th April 1996 under the Companies Act, 1956 with Registrar of Companies, Madhya Pradesh, Gwalior. The company was converted into public limited company and changed its name to Sitashree Foods Products dated 14th February 1997, a fresh certificate of incorporation has been obtained. The name of the company was further changed to Sita Shree Food Products vide a fresh certificate of incorporation dated 28th April 2006. The company was promoted by Mr. Rajababu Agrawal and his family
The company had entered into joint venture agreement with Godrej Pilsburry in the year 1997 for manufacturing of Atta through the companyâ€™s plant. The company terminated said agreement in the year 2002 and started manufacturing under its own name & brand. In past, the company has also catered to the requirements of multi national companies like Unilever as production hub for manufacturing atta for their brand 'Annapurna' in Indore.
The company is engaged in the business of wheat processing and pulse processing. Products are sold in its own brands that is â€œSita Shree Regularâ€ and â€œSita Shree Goldâ€™ or sold to other brands. It is a supplier to major retail players such as Reliance Retail, Pantaloon Retail and Satnam Overseas. It has commenced exporting to gulf countries. It is also in the business of trading of food grains in the local market called â€œMandiâ€ in Indore.
The company presently operates its manufacturing activities with two units one is Wheat Processing & another is Pulse Processing. The wheat processing unit has a capacity of 43200 Mt. PA. The unit manufactures all the wheat products such as â€˜Chakki Attaâ€™, â€˜Maidaâ€™, â€˜Ravaâ€™, â€˜Suziâ€™, â€˜Daliyaâ€™ and another pulses unit with a capacity of 3500 Mt. PA manufactures all types of pulses, all the products are generally used for human consumption in all parts of India.
Through proposed solvent extraction plant and Lecithin plant the company will manufacture following products: