Damodar Industries Ltd.
Snapshot View

49.45 -1.35 ▼-2.7%

30 July 2021, 10:32:00 A.M.
Volume: 1,213

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.damodargroup.com
Financial Indicators
Market Cap 118.36 Cr.
Earnings per share (EPS) -2.66 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 28.05 Trailing Twelve Months Ending 2021-03
Book Value / Share 41.57 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.22 Calculated using Price: 50.80
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 2.33 Cr. 23,300,000 Shares
FaceValue 5
Company Profile

Damodar Threads Ltd.(DTL) a Damodar Group company was incorporated on December 11,1987 as a private limited company and started commercial production in September 1988. The company was converted into public limited company on March 20, 1992. It was established with the main object to set up a unit at Daman for twisting and doubling of synthetic yarn.

The profound Damodar Group boasts of having a completely integrated and advanced production line for manufacturing fancy and speciality yarns.

DTL is the largest fancy yarn manufacturing brand. Since beginning Damodar’s philosophy was to provide a quality product at an affordable price. Passion for yarn has made the company a trendsetter in the industry.

Damodar was one of the first to offer blended-fiber and novelty yarns at popular prices.The company constantly looks all over the world to find ideas for new yarns,colours and designs. Each Damodar yarn has its own personality and is designed in variety of combinations that is appropriate to its texture and its use. Damodar Threads is continuously striving to improve efficiency in operations by improving the quality of human resources and increasing the strength of human resources. The company is continuously improving its IT infrastructure which is the need of the day to reduce operating costs of the company. The company at the same time is opening offices in various textile markets of the country to improve business.

The company has been synonymous with creativity in Indian textile Industry for more than two decades.The company is engaged in spinning, draw-texturising, air-texturising, fancy doubling and yarn dyeing. The company has in-house manufacturing operations, which are essential building bricks of fashion. Its ring spinning plant produces high quality yarns enriching the aesthetic value through slubs, neps, injected slubs, multicolour effects and grindle effects. The unit is designed with utmost flexibility and equipped with mechanical and electronic attachments at all stages of spinning for imparting special effects in the yarns. Value addition does not end at spinning stage, it is further enhanced in the post spinning processes as well.

The company is equipped with not only TFOs, but also fancy doubling, hollow doubling, covering machines, boucle machines and attachments to manufacture fantasy yarns.

The company currently employs job work to manufacture fancy yarns which is done by outsourcing the yarns.This entails a risk of the company supplying the know-how and the design to the manufacturer. With the increasing demand which leads to an increase in production as well as greater risk by the infringement of intellectual property as the company does not have any intellectual property rights; the job work mode of manufacturing is getting more costly.

Along with fancy yarns, the company started manufacturing cotton yarns. The company has undertaken wide expansion programme by installing spinning mill of 36480 spindles, 58 TFO units at Silvassa. The total capital cost of the project is Rs.9000 Lakh out of which the bank finance is Rs.6000Lakh. Bank of Baroda, Mumbai Main Office (MMO) and State Bank of India, Industrial Finance branch, Mumbai has sanctioned the term loan of Rs.3000 Lakhs each and total working capital facilities of Rs.1000 lakh (Increase from existing limit of Rs.450 lakh). The company has completed the remaining part of its expansion programme by unsecured loans of Rs.1733 Lakh and internal accruals of Rs.1267 Lakh. New plant in Silvassa has a capacity of producing 15 tonnes daily with 32,908 spindles.

The company has also installed 58 TFO’s two for one twist, for doubled/twisted yarns. The company due to expansion of its spinning unit, it has shifted its plant (Damodar Plants Limited) from Daman to Dadra. Further since full plant operation was not possible in existing spaces, the company had no option, except to shift their plant to Dadra. Cotton yarn has enabled the company to penetrate special markets in India as well as export. The company has also started merchant export of cotton yarn. The company is already exporting its products in various countries across the globe like Turkey, Egypt, Indonesia, Thailand, Vietnam, Argentine and Brazil.

Product range of the company includes:

  • Cotton Yarn
  • Fancy Yarn
  • Blended Fancy Yarn
  • Product Enquiry
  • Spun yarn in polyester/viscose,100% polyester,100% viscose,100% cotton and silk/polyester in various counts

Milestones:

  • 1987- Incorporated as a Pvt.Ltd.Co. with objective to manufacture fancy yarn.
  • 1988 -Commercial production started at its factory at Daman
  • 1992- Converted into public limited company
  • 1993-Commencement of implementation/production of multicolored yarn project at Vapi (Gujarat)
  • 1994 -Commencement of fancy yarn project at Daman
  • 1995-Successful completion of IPO (oversubscribed by 7 times)
  • 2006-07 -Commencement of implementation of expansion project by installing spinning mills of 36480  spindles, 58 TFO units on 30000 sq.metres NA land already purchased at Silvassa at a  projected cost of Rs.9000 Lakh.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.66%
1 Week
+0.82%
1 Month
+17.46%
3 Month
+113.15%
6 Month
+58.24%
1 Year
+108.65%
2 Year
+69.93%
5 Year
+8.02%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 12.30 21.96 22.18 15.40 12.21 10.55 11.15 7.76 -6.67
Return on Capital Employed (%) 16.33 22.65 23.05 18.42 14.91 13.93 11.79 7.76 5.06
Return on Assets (%) 3.37 6.32 6.76 5.39 5.03 4.73 4.45 2.17 -1.42

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 50 60 73 82 89 98 106 110 98
Non Curr. Liab. 59 58 52 28 24 23 69 198 203
Curr. Liab. 67 90 105 102 89 94 121 166 199
Minority Int.
Equity & Liab. 177 208 229 212 201 216 295 475 500
Non Curr. Assets 79 87 88 82 70 67 118 265 267
Curr. Assets 98 121 141 131 131 149 177 210 234
Misc. Exp. not W/O
Total Assets 177 208 229 212 201 216 295 475 500

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 392 582 735 593 621 704 650 771 768
Other Income 1 1 0 0 0 2 2 4 3
Total Income 393 584 735 593 621 706 652 775 771
Total Expenditure -358 -534 -678 -544 -580 -667 -615 -735 -725
PBIDT 35 50 58 50 41 39 37 40 46
Interest -18 -21 -24 -19 -13 -13 -11 -16 -34
Depreciation -9 -10 -11 -13 -13 -12 -8 -12 -23
Taxation -3 -6 -8 -6 -5 -5 -6 -4 4
Exceptional Items
PAT 6 12 15 12 10 10 11 8 -7

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 20 21 28 54 29 13 18 10 26
Cash Fr. Inv. -3 -20 -11 -7 0 -10 -70 -155 -18
Cash Fr. Finan. -20 -1 -16 -47 -29 -3 51 143 -10
Net Change -3 0 0 0 0 0 0 -2 -2
Cash & Cash Eqvt 2 2 2 2 2 2 2 2 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 69.23 69.24 69.24 70.63 70.63 70.63 70.63 70.63 70.63
Public 30.77 30.76 30.76 29.37 29.37 29.37 29.37 29.37 29.37
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 27 Jul 2021
Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results Of The Company For The Quarter Ended June 30 2021
DAMODAR INDUSTRIES LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2021 inter alia to consider and approve the Un-Audited Financial Results Of The Company For The Quarter Ended June 30 2021
Thu, 22 Jul 2021
RELATED PARTY TRANSACTION- MARCH 31 2021
RELATED PARTY TRANSACTION- MARCH 31 2021
Sat, 03 Jul 2021
Appointment Of Cost Auditor
Appointment of Cost Auditor

Technical Scans View Details

Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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