The 5-year analysis of Loyal Textile Mills Ltd's performance infers:
We analysed the performance of Loyal Textile Mills Ltd share prices over the last 10 years. Here is what we found out:
Loyal Group is a multi-faceted organization, providing an array of products and services for textile and apparel industries. In more than its seven decades of establishment, the Group has created several benchmarks and established milestones for the forthcoming generations.
The Loyal Group was founded by Late Kalai Thanthai Karumuttu Thiagaraja Chettiar (1891 - 1974). He founded the group in the year 1956. He started business from a small Spinning and Weaving mill using second hand
The Loyal Group was founded by Late Kalai Thanthai Karumuttu Thiagaraja Chettiar (1891 - 1974). He founded the group in the year 1956. He started business from a small Spinning and Weaving mill using second hand machines and handloom. The company was primarily started to provide work to laid off workers of a larger mill and with the passage of time it became the largest spinning mill in India.
Loyal Textile Mills Ltd has three spinning mills located at Kovilpati, Sattur and Arasanur, having around 1,35,000 ring spindles and 3840 rotors, which belong to global brands like Rieter, Truetschler, Marzoli, Electrojet, Lakshmi, Toyota, Schlafhorst, Savio and Murata. Besides this, the spinning divisions of Loyal Group use advanced testing instruments of USTER and PREMIER make.
Loyal Group comprises of two composite mills, one spinning mill, one dye house, three garment manufacturing units, one trading cum retailing company and two international trading companies (a Joint Venture with an Italian firm and a 100% owned trading company in United Kingdom). Besides, the Group has in its fold the 158-year-old watch trading company 'P'orr & Sons', which has 8 operational stores in Tamil Nadu and Andhra Pradesh (India).
An ISO 9002:2000 accredited, The Loyal Group follows a strict ethical code of conducts in its business operations. The Group's annual turnover is Rs.4,500 million (US$ 110 Million), out of which, Rs.3,000 million (US$ 75 Million) revenue was generated from exports. Loyal Group exports products to various countries which includes Israel, Egypt, Turkey, U S A, EU Countries, United kingdom, Japan, Thailand, South Korea, Dubai, Sri Lanka, Bangladesh, Brazil, Argentina, Columbia.
In recognition of its continual improvement in export performance, the Government of India has awarded Group with 'Three Star Export House'. Over the years, the group has been credited with several accolades and awards in recognition of its consistent export performance.
100% of the cotton is tested using HVI instruments and issued for mixing using a Bale management system, which ensures a narrow band of average yellowness and micronaire values.
Product range of the company includes: