Amarjothi Spinning Mills Ltd Stock Research

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Amarjothi Spinning Mills Ltd Detail

Amarjothi Spinning Mills Ltd is in portfolio of Anil Kumar Goel. He is one of the top investors in India. The company belongs to Textiles sector.

As per the Company website it produces good quality color melange yarn for hosiery, woven and home textiles. The Company is situated in Nirupur Tamilnadu.

The Company has some of the top names in its Client portfolio like Levis, Tesco and Proline. Below are some Group of Companies.

  • Texin India
  • RPJ Textile
  • Amarjothi power mill

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Amarjothi Spinning Mills Ltd Stock Performance

On an absolute basis the stock has given close to 16 times return in same number of years. The dividend yield is also excellent ( approx 2% at current market price). If you leave debacle after 2005 price increase the stock has been consistent performance over the years.

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After year 2008 the global crisis stock had positive movement for most of the years which shows that Company performance was regular and on increasing side with time. Not many textile companies have slow steady price movement across the years. This is really impressive from the stock.

Amarjothi Spinning Mills Ltd My Opinion

Amarjothi Spinning Mills Ltd is a Textiles Company. I liked the focused approach from the Company. It specializes in blended melange yarn and fabric. The focused approach has helped the Company to create unique space for it.

I am not invested in this sector. But Textiles is evergreen sector and it is one of the Company which has consistently performed over the years with good dividend yield. You can keep an eye on this counter if you want. For me Textiles are still a no go sector due to number of players involved and low margin in business. This is very competitive space. But once you have made a place in the niche then you can stay ahead of competition.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.


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