- Business
- Parmeshwari Silk Mills Ltd. manufactures and sells woven fabrics, including unstitched suit fabrics and plain fabrics for women, along with shirting and suiting materials under the Ramtex brand; it engages in spinning of yarn, spun filament yarn and various blends including cotton, wool, silk, polyester, nylon, viscose, rayon, acrylic and other synthetic fibers; and conducts weaving, knitting, combing, processing, importing, exporting, buying and selling of yarns, fibers, cloths and allied textile products and substitutes. The company, founded in 1993 and headquartered in Village Bajra, Rahon Road, Ludhiana, Punjab, India, primarily serves domestic markets with operations focused in India and is listed on the Bombay Stock Exchange. Recent developments include reporting consolidated net profit of Rs 8.65 crore for the fiscal year ended March 2025, reflecting a 43.45% increase year-over-year amid sales growth to Rs 233.36 crore; holding its 31st annual general meeting and filing balance sheet for the year ended March 2024; and maintaining stable profitability margins with PBILDT at 10.76% for FY25 while managing a moderate capital structure evidenced by gearing of 2.26x as of March 31, 2025.