The 5-year analysis of Sumeet Industries Ltd's performance infers:
We analysed the performance of Sumeet Industries Ltd share prices over the last 10 years. Here is what we found out:
Shankarlal Somani established Sumeet Industries Limited in 1989. The company started as a yarn manufacturing unit and has now grown in a huge conglomerate with various businesses with an annual turn over of Rs. 1200 million ($ 27 million).
The company has been promoted by Shri Shankarlal Somani, Mahesh kumar Somani and Rajkumar Somani belonging to a reputed and well established business family hailing from Dist. Sikar of Rajasthan.
The company started its Polypropylene plant way
The company started its Polypropylene plant way back in 1992. The technology was imported from Neumag, Germany who is the pioneer in Polypropylene plant in the world. It produces dope dyed polypropylene yarn in which accuracy and uniformity of colour is guaranteed. Its products are marketed under brand name â€œSUMILONâ€ and have an approximate market share of 20% in India.
The company started its polyester operations in 2004. We have installed new state of art automatic craft winder plant imported from Barmag, Germany, which is the most latest & cost efficient technology in the world. The initial capacity is 12500 M. Tones per annum, but it will be increased in near future. Company is importing PET chips or buying locally from suppliers of international repute. The spin finish oil is imported from Tako Moto, Japan.
It started its menthol operations in 2006. It has installed a capacity to produce 900 M. Tonnes of Peppermint oil & 300 M Tonnes Menthol Crystal (with/without Turpentine). The company is already in the process of installing huge capacities of Menthol Flakes & Menthol Crystals. The total plant is made up of stainless steel to avoid contamination in the product.
All the products manufactured or procured goes through various stringent tests to assure the quality & consistency of products. their company believes in Quality, Customer & Commitment
Product range of the company includes: