Suryaamba Spinning Mills Ltd Stock Research

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Suryaamba Spinning Mills Ltd Detail

Suryaamba Spinning Mills Ltd is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Textiles sector.

As per the Company website it is a leading manufacturer of specialty synthetic spun yards. It produces 14400 mt. tones per annum of quality yarns.It also produces 100% polyester and viscose spun yarns as well as blended synthetic yarns, used for weaving.

Below are different types of products produced by Companies

  • 100% Polyester Yarns
  • Polyester / Viscose Yarns
  • Viscose Yarns
  • Other Blends like
    • Polyester / Flex
    • Polyester / Cotton Citra
    • Cotton / Flax
    • Bamboo
  • Fancy Yarns

Plant and Office both are situated in Nagpur.It exports 4200 mt yarn per annum.It exports to the markets in USA, Mexico, Italy, Germany, Spain, Portugal, Switzerland, Belgium, Turkey, Egypt, Morocco, Nigeria, Poland, Canada, Peru, Columbia, Brazil, Argentina, Chile, Bangladesh, Pakistan, South Africa.

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.

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Suryaamba Spinning Mills Ltd Stock Performance

The stock is listed in year 2009 at price of 30 INR. It was good time to get listed as market was recovering from 2008 Global crisis.It did well for next one year trading from 30 odd levels to 100 level giving close to 3 times returns to investors.

That run was not sustainable and it began trading below 50 mark soon. In this 9 year period it gave 2 times return. The dividend yield at current market price is also healthy at more than 1.5%. It has given steady movement except the initial jump and cooling off period.

Suryaamba Spinning Mills Ltd My Opinion

Suryaamba Spinning Mills Ltd is a Textiles company. It is one of the Company from this sector out of so many Textile companies in portfolio of Subramanian P.

Textile is ever green sector that will always be in demand as far as civilization continues to dress themselves. This has also lead to stiff competition as well. Due to evergreen and demand in the sector there are too many players both listed and non listed.

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As mentioned in stock research of other Textile companies I have clearly wrote that I am not fond of this sector. Instead I prefer to put money in Textile machinery sector or other sector which provides raw materials or services to these sectors. The number of textile companies and demand in sector will help services companies.

I will not be tracking or investing in this sector at least till now I have this view.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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