Jindal Cotex Ltd share price today (on 28 May 2023).

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Jindal Cotex Limited engages in the manufacture and sale of synthetic, cotton, and blended yarns. The company offers acrylic, polyester, polyester-viscose, cotton, and polyester cotton combed and carded yarns used in apparels, suitings, and knitted fabrics. It also involves in the generation and sale of energy from wind mill. The company operates in Asia, Central America, North and South Americas, and Africa. Jindal Cotex Limited was incorporated in 1998 and is based in Ludhiana, India.
Jindal Cotex Ltd was incorporated in the year 1998. The company has been promoted by Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal along with other members of the Jindal family for setting up a spinning unit for the manufacture of Synthetic Yarns. The company initially set up 6912 spindles and started manufacturing acrylic yarns under the trade name Jindal'. The company thereafter, ventured into polyester yarns. Starting from 6912 spindles in 1999, it has expanded its capacity to 23472 spindles. The Company has also set up a wind mill of 1250 KW in village Pithla, Rajasthan in the year 2007-08. It has entered into power purchase agreement with Ajmer Vidut Vitran Nigam Ltd for the sale of electricity generated for 20 years.
The Company has two wholly owned subsidiaries namely, Jindal Medicot Ltd and Jindal Specialty Textiles Ltd. Jindal Medicot Ltd has been incorporated to expand in Technical textiles sector and to produce medical textile products. Jindal Medicot Ltd is planning to produce Medical Textile Products like Absorbent Cotton Wool & its products and Cotton Crape Bandage like stretch bandage, crape bandage cloth etc. Jindal Specialty Textiles Ltd has been incorporated to expand in Technical textiles sector and to manufacture laminated technical textile products and Banner fabrics textile products.
According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 96.58%, from INR 243.6 tens of millions to INR 478.87 tens of millions. Operating Results decreased from INR 30.45 tens of millions to INR -3.39 tens of millions. The results of the period reached INR -16.93 tens of millions at the end of the period against INR 11.09 tens of millions last year. Return on equity (Net income/Total equity) went from 3.65% to -5.89%, the Return On Asset (Net income / Total Asset) went from 1.74% to -2.32% and the Net Profit Margin (Net Income/Net Sales) went from 4.55% to -3.54% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 155.17% compared to 111.30% of last year.