Angel Fibers Limited
ANGEL.BO
Bombay Stock Exchange12.00
INR
+0.57
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Angel Fibers Limited
ANGEL.BO
(Bombay Stock Exchange)
Recent
price
12.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- Angel Fibers Limited (ANGEL.BO) manufactures and markets premium quality 100% cotton ring-spun grey single yarns, including carded yarns for knitting and weaving, combed yarns in average NE 30s count, combed compact yarns, and compact yarns across counts NE 20s to NE 50s; the company also trades cotton waste by-products such as cotton flat waste and comber noil. Its products serve knitted and woven fabric manufacturers, including applications in bed sheets, socks, shirting, sheeting, and bottom weights, targeting domestic Indian markets and international customers in South Korea, China, Hong Kong, Taiwan, Thailand, Singapore, Malaysia, Indonesia, Bangladesh, Israel, Egypt, Russia, Brazil, Sri Lanka, Iran, Portugal, Spain, and Italy. Operating as a 100% export-oriented unit within the textile spinning industry from its manufacturing facility with 19,584 spindles, Angel Fibers Limited maintains a closely held structure promoted by five key individuals. Founded in 2014 and headquartered at Survey No. 100/1, Kalavad-Ranuja Road, Village Haripar, Taluka Kalavad, Jamnagar, Gujarat 361013, India, the company focuses on superior quality yarns at competitive prices for the global textile value chain. In recent developments, Angel Fibers Limited experienced a new management takeover, alongside an open offer by Jitendra G. Raiyani and Ramesh Kumar Jivrajbhai Ranipa to acquire up to 6.5 million shares, reflecting strategic ownership shifts. The company continues steady expansion of its spinning capacity and plans forward integration with a new denim plant boasting 2,000 tons annual capacity, while appointing new auditors including Manish Bhagvandas Anadkat as cost auditor for FY2024-25 and SCS and Co. LLP for compliance roles in 2024. These initiatives underscore operational enhancements and growth in the competitive cotton yarn segment.