The 5-year analysis of Richa Industries Ltd's performance infers:
We analysed the performance of Richa Industries Ltd share prices over the last 10 years. Here is what we found out:
Richa Industries, formerly the Richa Knits Ltd, was established in 1991 under the dynamic leadership of Sushil Gupta with an investment of Rupees 20 lakh to establish a name in the textile industry and play a cardinal role as a quality product and services suppliers.
Richa Knits today is a well established vertically integrated profit making publically listed company.
Richa, after an IPO in 2006, ramped up its manufacturing and production facilities to almost two and half times and
Richa, after an IPO in 2006, ramped up its manufacturing and production facilities to almost two and half times and currently is one of the largest single company manufacturing facility in Northern India in the segment of dyeing, processing and finishing of fabric and garments.
The company started with single location single product company and today it is a multi location, multi-product company with an established brand name as quality product supplier both domestically and internationally.
The company's management has focused to be most updated on the technology front and has been continuously upgrading their facilities in all segments of the operations. The companyâ€™s operations, production, sales and profitabilityâ€™s all location can be viewed practically on a hourly basis.
With a small employee base of thirty persons to current employee strength of over 1000 was possible due to the excellent human relation and concern for employees well being and their training and development.The company has been socially responsible and has been conducting lot of programmes such as creation of infrastructure, roads, electricity, drainage system etc. for villages in an around the manufacturing facilities of the company. They have also been conducting medical health check up, blood donation camps etc.
The current turnover of the company is over Rs 100 crore and PAT of over Rs 8.5 crore (FY 2007-08)
Business are of the company
Manufacturing of Knitted fabric, Dyeing Processing and finishing of organic cotton and manmade fiber fabric and manufacture of garment for domestic and export markets.
Different divisions of the company: