Shri Techtex Limited
NNSE:SHRITECH60.10
INR
-0.40
(-0.66%)
ISIN
INE0OMF01015
Return %
Stock
S&P 500
1Y
-13.84
14.20
3Y
-26.39
81.12
5Y
- -
68.34
Capital Structure
INR
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Semi-annual Revenue
INR
•
in mil. unless spec.Semi-annual Earnings Per Share
INR
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in mil. unless spec.Semi-annual Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Shradha Hanskumar Agarwal
- Full Time Employees
- 41
- Sector
- Process industries
- Industry
- Textiles
- Address
- Harmony Ahmedabad GU India 380014
- IPO Date
- Aug 7, 2023
- Website
- shritechtex.com
- Similar Companies
- Business
- Shri Techtex Limited manufactures polypropylene (PP) non-woven fabrics in various sizes up to 4.5 meters and densities ranging from 15 GSM to 800 GSM, tailored to client specifications; its products serve diverse applications including geotextiles, horticulture, furniture, construction, healthcare, synthetic roofing underlayment, insulation, infrastructure, agriculture, automotive, sports, and consumer goods; the company also provides job work activities and customized solutions. Incorporated in 2011 as a partnership firm and converted to a public limited company listed on the National Stock Exchange of India in August 2023 (ticker: SHRITECH.NS), Shri Techtex Limited is headquartered in Harmony, 2nd Floor, Ahmedabad, Gujarat, India, with its manufacturing facility located in Simaj, Dholka Taluka, Ahmedabad District, boasting an installed capacity of 3,600 metric tons per annum. The company exports to the United States, Taiwan, Canada, Denmark, and China, while serving domestic markets in West Bengal, Tamil Nadu, and Gujarat. In 2021, Shri Techtex acquired Aurum Fabrictech Private Limited, making it a wholly-owned subsidiary, and executed a scheme of arrangement to demerge its contract manufacturing operations to Aurum, now operating as an LLP; it raised approximately INR 45 crore through an initial public offering in 2023 to fund factory shed construction, solar plant commissioning, machinery purchases, working capital, and debt repayment; the company plans expansions into hot melt coating lamination (3,360 tons per annum capacity) and PP multifilament yarn (1,200 tons per annum), with new machinery targeted for commercial production by April 2024, alongside capacity augmentation of an additional 1,200 tons and 24 lakh square meters annually. Promoter holding stands at 70.3%, with recent financials showing revenue of INR 82.7 crore and profit of INR 14.7 crore for the trailing period.