Tallu Spinning Mills Limited
DDSE:TALLUSPIN5.70
BDT
-0.20
(-3.39%)
ISIN
BD0417TALLU3
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
-42.42
81.12
5Y
-50.00
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Mohammad Atiqul Haque
- Full Time Employees
- 720
- Sector
- Process industries
- Industry
- Textiles
- Address
- Dhaka Bangladesh
- Similar Companies
- Business
- Tallu Spinning Mills Limited, operating as Toyo Spinning Mills Limited, is a Bangladesh-based textile manufacturing enterprise primarily engaged in the production and distribution of cotton yarns for the export-oriented textile and ready-made garment (RMG) industries. Founded in 1985 and headquartered in Dhaka, Bangladesh, the company operates as a member of the Bangas-Tallu Group. Tallu Spinning Mills manufactures a broad portfolio of spinning products, with offerings systematically structured into 100% cotton combed yarn; 100% cotton carded yarn; open-end (OE) rotor spun yarn; single and multi-ply ring-spun yarns across coarse, medium, and fine yarn counts including 10s/1, 16s/1, 20s/1, 24s/1, 26s/1, 30s/1, 32s/1, 40s/1, 54s/1, 60s/1, 62s/1, and 80s/1; raw white knitting and weaving yarns; and recyclable cotton waste by-products generated during the carding and spinning processes. The company maintains manufacturing infrastructure situated in Kaltapara, Gouripur, Mymensingh, catering to domestic composite mills, specialized weaving units, knitwear manufacturers, and international buyers. In recent developments, the company underwent a corporate name change to Toyo Spinning Mills Limited while maintaining its public listing on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) under the trading symbol TALLUSPIN. Over the past two years, the enterprise has been subject to increased regulatory oversight from the Bangladesh Securities and Exchange Commission (BSEC), which enforced compliance actions and penalties against executive leadership concerning delayed audited financial statements and statutory disclosure requirements. Furthermore, the company continues to trade in the Z-category on the DSE amid severe liquidity constraints, heightened raw material and energy costs, and auditor-noted material uncertainties regarding its going-concern status. In response to industry-wide headwinds and energy volatility, the company has pursued operational consolidation and asset realignment focused on its Mymensingh production facilities to rationalize fixed costs and improve production continuity.