Kesoram Textiles-2016-17 Results

Please click

http://kesoramtextiles.com/PDF/ar2017.pdf

Blog Gratitude to Vinit Sakhuja , Jalandhar

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Share Face Value : Rs. 2

old post

December 24, 2010

Kesoram Textile Mills Limited

Kesoram Textile Mills Limited was demerged about 11 years ago from the bluechip company Kesoram Industries Limited for taking over the troubled textile manufacturing business .Shareholders of Kesoram Industries Limited were allotted ( free ) shares of Kesoram Textile Mills Limited

It belongs to the renowned to the Basant Kumar Birla group which owns other textile gems like Century , Century Enka ,   etc. BK Birla is grandfather of Kumar Mangalam Birla of Grasim and Aditya Birla Nuvo ( which has textile units too )

Chairman : Surendra Kumar Birla
Directors
Jayant Sogani
RN Tibrewal

Registered Office And Factory :

42 , Garden Reach Road ,
Kolkata - 700024

Tel 033- 24893472 ;2469-7825 / 1106
Fax : 24696788
email : ktmltext@vsnl.net

RTA

MCS Limited
Kolkata-29

ISIN : INE 880A01017


Financial s as on 31-03-2009

Share Capital : Rs. 10 cr
Face Value : Rs. 2
Carried Forward Losses ( 2009 ) Rs,22 cr. 32 lakh
Loans ( 2009  ): Rs.9 cr 57 lakh
In the year 2008-09 turnover was only Rs. 60 lakh ( Net loss Rs.22 lakh ) as Mills were closed due to Labour problems.

But BIFR has held that Kesoram Textile Mills Limited is not a sick company within the meaning of Section 3 ( 1 ) ( 0 )

Kesoram Textile Mills on very valuable land has installed capacity of

1306 Looms
72,596 spindles

Textile industry in general  is  doing much better now.

Kesoram Textile Mills belong to the renowned BK Birla Group and may pass onto Kumar Mangalam Birla Group. Some form of restructuring including mergers can take place. So a long term-view of this share can be taken although nothing-spectacular for the present.

Listed : Only at Calcutta Stock Exchange
Status : Appear to be Illiquid
No. of Shareholders :( 2009 ) ; around 1,18,400

http://www.kesoramtextiles.com/COMPANY/reportofdirectors.html

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Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .

( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )