The 5-year analysis of Eastern Silk Industries Ltd's performance infers:
We analysed the performance of Eastern Silk Industries Ltd share prices over the last 10 years. Here is what we found out:
Eastern Silk Industries formerly known as ESI was incorporated in the year 1946. The company is engaged in manufacturing of silk yarn, fabrics, home furnishings, fashion fabrics, handloom fabrics, double width fabrics, scarves, laces, belts and embroidered fabrics.
Companyâ€™s research facility has developed technology for fast colour printing on fabrics. Companyâ€™s manufacturing units are located at Bangalore, Karnataka and West Bengal
The company has bagged
The company has bagged various awards for its export performance from Handloom Export Promotion Council, Indian Silk Export Promotion Council, Central Silk Board and Ministry Of Commerce.
The Government of India has recognized the company as â€œGolden Star Trading Houseâ€.
Currently the company has net worth of about Rs 359 crores. Company employs over 20,000 people directly or indirectly.
Eastern Silk Industries exports products to Japan, Canada, US and the UK. Annually the company has a processing capacity of 40.5 lakh meter of silk.
Furnishing Fabrics- The Company is engaged in manufacturing of plain, embroidery, patch, weaves and embossed fabrics for furnishing.
Fashion Accessories- Under this company manufactures fashion fabrics, readymade furnishings and scarves.
Eastern Silk Industries plans to undertake various initiatives in order to increase its business such as develop products with innovative designs and patterns; upgrading machineries and focusing on R&D activities for adding value to its product range.In order to cater to the high-end users of silk products, the Company is embarking on an expansion plan for producing silk velvets including jacquard velvets and this change in the product mix is likely to place the Company's products in a different lead.