The 5-year analysis of Omnitex Industries (India) Ltd's performance infers:
We analysed the performance of Omnitex Industries (India) Ltd share prices over the last 10 years. Here is what we found out:
Omnitex Industries India was incorporated on January 30, 1987 in the state of Maharashtra with the main object of manufacturing Textured/Twisted Polyester Filament Yarn. The company has been promoted by a team of entrepreneurs having good experience in the textile industry. The Chief Promoters of the Company are Ashok M Bhawnani, and R K Shriya.
From a small beginning in 1987-88, when the company achieved the turnover of just over Rs. 3 crore, the company is hopeful of achieving its
From a small beginning in 1987-88, when the company achieved the turnover of just over Rs. 3 crore, the company is hopeful of achieving its expected sales of over Rs.50 crore for the year ending 2001.
It would not be out of place to mention that knitted fabrics and garments have contributed towards its export turnover and bottom line and it is here that the company intends to further strengthen its efforts.
The companyâ€™s factories are located at Silvassa and Daman, both near Vapi. Commercial production began in December 1987, and both the factories are currently operational at optimal levels.
The company came with an IPO in November 1993, with its shares currently listed on all the major stock exchanges of India.
Product range of the company includes:
Current Buyer Countries include: USA, Canada, Germany, France, Portugal, Belgium, Japan, Sri Lanka, Peru, Nigeria, Italy, Spain, Turkey and Kenya.