The 5-year analysis of Kandagiri Spinning Mills Ltd's performance infers:
We analysed the performance of Kandagiri Spinning Mills Ltd share prices over the last 10 years. Here is what we found out:
Kandagiri Spinning Mills Limited was incorporated in 1976 by Sarvashri. S.P.Ratnam, S.P.Sambandam, S.P. Rajendran and K.R. Manicka Mudaliar who had been doyers in Textile Business at Salem. Due to their strenuous efforts over decades, the company has flowered into a major industrial concern presently boasting of a total spindleage of 50,588 and 336 OE Rotors in two units, first at Udayapatti, Salem (25,100 spindles) and another at Seshanchavadi (25,488 spindles).
There has been a
There has been a continuous expansion and modernization at these units. The company manufactures Carded, Combed, Auto coned, TFO, Ring Doubled Yarn. It is making large profits and declaring sizeable dividends year after year.
The company went for Public Issue in January 1995 as a Premium Issue which was a roaring success; it was oversubscribed 9 times. The companyâ€™s paid up capital consists of 38, 49,250 shares of Rs. 10/- each. The companyâ€™s shares are listed in Mumbai, Chennai and Coimbatore Stock Exchanges.
Kandagiri Spinning Mills Limited is a significant member of the Sambandam Group of Companies. It strives for excellence in every sphere of its activities. Quality, best services, customer friendly and steady development are its policies. The company is committed to Corporate Governance in fulfilling its quest for achieving significant growth with profits. The award of ISO 9001:2000 & EMS 14001:2004 Accreditation to the company is a fitting testimony in this regard.
Product range of the company includes:
The ISO 9001:2000 & EMS 14001:2004 Accreditation