Vippy Spinpro Ltd Detail
As per the Company website it was established in year 1992.It specializes in tailor made special purpose yarns, slub yarns, fancy yarns, multi count yarns & Multi Twist yarns, waxed yarn, plied yarn. It also develops special yarns as per Customer needs.
It was started with a capacity of 7 MT/day of open end of 100% cotton yarn and now it had reached to 25MT/day. The increased production capacity shows Company improvement over the years.
The factory is located in Devas which is located near Indore of Madhya Pradesh. The products from this Company is used to create Denim, Towels, Bed Linen and Industrial Fabrics etc. So it create raw materials used to create cloths for different purpose.
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.
Vippy Spinpro Ltd Stock Performance
The Company stock price chart can be divided into two parts. One part is from year 2002 to 2013 and second from 2013 till date. From year 2002 to 2013 it has given two times return. This can be viewed as consolidation phase with some positive movement.
Stock did not have any clear outbreak in these years.From year 2013 the stock moved in decisive manner giving close to 14 times return on 2002 price level. From 2013 level it has given 6 times return in past 4 year period. The increased production mentioned in details section also played in important part.
Vippy Spinpro Ltd My Opinion
Vippy Spinpro Ltd is a Textiles company. Subramanian P has many Textiles sector stocks in his portfolio.
I am fond of Textile Machinery sector not the Textiles sector. It is growth sector no doubt as demand of products from this sector will be present. People will wear the cloths always. The Company produces items which is used by these Cloth manufacturers.
The stiff competition and emergence of local players getting benefited by Online stores are major challenge for every Company. Local players get their raw materials from local manufacturer. As mentioned in previous articles I am not fond of Textiles sector.
I do not have any stock from this sector in my watch list or portfolio. 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.