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Konark Synthetic Ltd Textiles
(%)
  • NSE
  • BSE

Overview

  • BSE Code 514128
  • NSE Symbol
  • ISIN Demat INE517D01019
  • Book Value (₹) 0.03
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 18.86
  • P/E (TTM) 0.00
  • EPS (TTM) 0.00
  • Div Yield (%) 0.00

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About Konark Synthetic Ltd

Konark Synthetic Limited engages in the production and sale of textile products in India. The company_x0012_s products include synthetic multifold yarns, home furnishing fabrics, and readymade garments. It offers texturised and air-texturised specialty synthetic yarns; fabrics, such as upholstery, drapery-sheer and main, top of the bed, top of the table, and suitings; apparel comprising trousers, shirts, and shorts; and carded, combed, and compact cotton yarns.

The company exports its products to customers primarily in Turkey, China, Russia, the Middle East, Germany, and the United States. In addition, it involves in the development of residential, commercial, and township properties. The company is operating out of its headquarters in Mumbai, India.

Konark Synthetics (KSL) was formally created and deployed as a legal entity in the year 1984 and is promoted by Prakash Dalmia and Ram Niranjan Tibrewala. The company has two plants, one in Palghar and the other at Silvassa for fancy twisting and air texturising respectively.

In 1989, KSL went public with an equity issue at par of Rs.60 lakh to part finance its expansion. The expansion envisaged setting up two more units at Silvassa and Palghar for air texturising and fancy twisting respectively. It executed a strategic acquisition of the air texturising technology and machines from Japanese AIKI. An expansion project for projectile shuttleless weaving with the latest technology is also on the anvil. The group is also setting up another export oriented unit for the manufacture of terry towels. The Silvassa unit (Dadra & Nagar Haveli) was commissioned from July 1989, while the Palghar (Thana) unit was commissioned in 1987.

During 1989-90, the fancy unit at Palghar suffered a setback due to reduced activity on account of frequent labour agitations, decrease in average sales realisation of fancy yarns and increase in input yarn prices. In 1990-91, the Palghar unit remained closed due to a labour agitation. However, an agreement was arrived at with the union and the production was resumed from April 1991, on a single shift basis.

The company was formerly widely referred to as Konarak Synthetics Limited and changed its name to Konark Synthetic Limited in April 1995.

Founded: 1984
Managing Director: Shonit Prakashchand Dalmia
Address: Bldg No 7 Mittal Indl Estate, Andheri-Kurla Rd Andheri (E), Mumbai, Maharashtra, 400059,