Shiva Mills Limited
SHIVAMILLS.NS
National Stock Exchange of India63.06
INR
-2.94
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Shiva Mills Limited
SHIVAMILLS.NS
(National Stock Exchange of India)
Recent
price
62.50
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Shiva Mills Limited engages in the manufacturing and marketing of cotton yarns with a primary focus on producing 100% cotton yarn for knitting, ranging in counts from 20/1 to 40/1. The company operates a spinning unit located near Dindigul, Tamil Nadu, equipped with an installed capacity of 39,072 spindles, and manages 22 windmills with a total installed capacity of 10.65 MW, which supply approximately 75% of the power requirement through captive consumption arrangements. Its product offerings include cotton yarns primarily sold domestically and exported to Far East countries, catering to textile manufacturers and knitwear producers. The company was incorporated in 2015 and is headquartered in Coimbatore, India. Recently, Shiva Mills has undertaken significant operational changes including the acquisition of a standalone spinning unit from Shiva Texyarn Limited as part of a demerger effective from April 2015, formalized in 2017. Additionally, the company has expanded its sustainable energy initiatives by entering into a group captive arrangement for the purchase of solar power capacity of 2 MW, supplementing its wind power generation facilities. It has also restructured ownership, becoming a subsidiary of Annamallai Retreading Company Private Limited following strategic share transfers in 2022. Shiva Mills has reported fluctuations in financial performance with net losses in recent quarters but continues to focus on product quality and operational efficiencies within the textile manufacturing industry. The company operates primarily in the textile business segment, serving markets in India and exporting a significant portion of output internationally. Shiva Mills targets yarn manufacturers, knitwear producers, and related textile industries seeking high-quality cotton yarns. Its management emphasizes quality assurance and innovation to maintain competitive positioning in the cotton yarn market. In summary, Shiva Mills Limited is a textile manufacturer specializing in cotton yarn production with integrated renewable energy assets, notable recent strategic ownership changes, and an active focus on expanding sustainable power usage in its operations. The company remains headquartered in Coimbatore, Tamil Nadu, with a commitment to serving both domestic and export markets.