The 5-year analysis of Vijay Textiles Ltd's performance infers:
We analysed the performance of Vijay Textiles Ltd share prices over the last 10 years. Here is what we found out:
Vijay Textiles (VTL) was incorporated on February 2, 1990 and subsequently converted into a public limited company for which it obtained a fresh certificate of incorporation on 17 June 1994.
The company manufactures and markets finished fabrics under the brand name of â€˜Vijayâ€™ throughout India.
VTL established its brand name in the domestic market and created a strong sales network for its brand of products. With this strong backdrop it then ventured into full-fledged
VTL established its brand name in the domestic market and created a strong sales network for its brand of products. With this strong backdrop it then ventured into full-fledged manufacturing of processed textiles by setting up its own facilities in June 1993 and commenced the operations from September 1993 onwards.
The process house of the company was setup at APIIC Developed Industrial Estate in Kattedan, Hyderabad on land admeasuring 2 acres fully-owned by the company. The manufacturing facility at Kattedan was in operation up to June 2006, after which it was converted as a premise that can be used for all India wholesale trade operations, facilitating dispatching of goods to the dealers across the country.
Consequent to government directives, the company decided to set a new manufacturing facility at Rajapoor Village, Balanagar Mandal, Mahaboobnagar district. The new unit was conceived to keep pace with technological advancements and with a commitment to ecology for locating the unit in the backdrop of a green belt in an extremely environment friendly ambience. This new facility gave the company an edge to expand its manufacturing facilities and add many more value-added products.
VTL had also set up additional facilities for production of wider width of cloth at the Rajapoor factory site. The company has its corporate office situated at Secunderabad.
The company also has its own factory retail outlet at its premises at Secunderabad, main focus being on Mega Retail Mall Concept.
It has also entered into a new line of business i.e. development of infrastructure projects. Under this, it has undertaken a project namely â€˜Tech-Parkâ€™, which offers office area on lease to software/IT companies.
Products Curtains, bed linen and upholstery.