Kandagiri Spinning Mills Limited

Manufacturer of various types of cotton yarn, including organic and specialized yarns, with multiple production units.

1976 | Salem, Tamil Nadu (India) | Active
Last Updated:

Kandagiri Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.85 Cr
  • Company Age 48 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 388.72 Cr
  • Revenue Growth -22.35%
  • Profit Growth 455.70%
  • Ebitda 10.40%
  • Net Worth 24.58%
  • Total Assets 8.01%

About Kandagiri Spinning Mills

Kandagiri Spinning Mills Limited (KSML) is a Public Limited Indian Non-Government Company incorporated in India on 05 May 1976 and has a history of 48 years and ten months. Its registered office is in Salem, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 521242.

The Corporate was formerly known as The Ammapet Sizing Mills Limited. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.85 Cr.

The company has closed loans amounting to ₹388.72 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Kandagiri Spinning Mills Limited India are Asifa J as COMPANY SECRETARY and S Shankar as Cfo. Selvarajan Rathinam, Devarajan Sambandam, Sigamani Sivakumar, and Three other members serve as directors at the Company.

Company Details

  • Location

    Salem, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17111TZ1976PLC000762

  • Company No.

    000762

  • Stock Symbol

    BSE : 521242

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 May 1976

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

Who are the key members and board of directors at Kandagiri Spinning Mills?

Executive Team (3)

NameDesignationAppointment DateStatus
Selvarajan Rathinam Country flag representing In Managing Director01-Apr-2005Current
Asifa J Country flag representing In Company Secretary14-Feb-2014Current
S Shankar Country flag representing In CFO01-Oct-2015Current

Board Members (5)

NameDesignationAppointment DateStatus
Devarajan Sambandam Country flag representing In Director 06-May-2022Current
Sigamani Sivakumar Country flag representing In Director 14-Feb-2024Current
Sarayu Country flag representing In Director 09-Feb-2020Current
Nattery Poornima Country flag representing In Director 08-Aug-2024Current
Somasundaram Elangovan Country flag representing In Director 18-Jun-2020Current

Financial Performance of Kandagiri Spinning Mills.

Kandagiri Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 22.35% decrease. The company also saw a substantial improvement in profitability, with a 455.7% increase in profit. The company's net worth Soared by an impressive increase of 24.58%.

Kandagiri Spinning Mills revenue growth over time
Kandagiri Spinning Mills profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-22.35%
Revenue from Operations
-61.38%
Total Assets
8.01%
Profit or Loss
455.70%
Net Worth
24.58%
EBITDA
10.40%

What is the Ownership and Shareholding Structure of Kandagiri Spinning Mills?

In 2023, Kandagiri Spinning Mills had a promoter holding of 64.93% and a public holding of 35.07%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹388.72 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 197.60 Cr
  • Karnataka Bank Ltd. : 94.58 Cr
  • Karnataka Bank Limited : 26.75 Cr
  • Others : 19.99 Cr
  • Icici Limited : 13.50 Cr
  • Others : 36.30 Cr

Latest Charge Details

DateLenderAmountStatus
21 Mar 2020Others₹19.99 CrSatisfied
31 Dec 2014Karnataka Bank Ltd.₹5.00 CrSatisfied
28 Jun 2014Karnataka Bank Ltd.₹20.00 CrSatisfied
02 Jan 2014Karnataka Bank Limited₹2.00 CrSatisfied
03 Apr 2013Axis Bank Limited₹2.60 CrSatisfied

How Many Employees Work at Kandagiri Spinning Mills?

Kandagiri Spinning Mills has a workforce of 168 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Kandagiri Spinning Mills Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kandagiri Spinning Mills, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Kandagiri Spinning Mills's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Kandagiri Spinning Mills

Recent activity within the organization

  • Annual General Meeting

    Kandagiri Spinning Mills Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 21 Mar 2020 via Charge ID 100333418 with Others was fully satisfied on 18 Sep 2024.

  • Director Appointment

    Nattery Srinivasan Poornima was appointed as a Director was appointed as a Director on 08 Aug 2024 & has been associated with this company since 7 months 20 days .

  • Balance Sheet

    Kandagiri Spinning Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

  • Director Appointment

    Sigamani Sivakumar was appointed as a Director was appointed as a Director on 14 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge with Others of Rs. 19.99 Cr registered on 21 Mar 2020 with Charge ID 100333418 was modified on 17 Apr 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Kandagiri Spinning Mills Limited?

    Kandagiri Spinning Mills Limited was incorporated on 05 May 1976.

  • What is authorized share capital and paid-up capital of Kandagiri Spinning Mills Limited?

    The authorized share capital of Kandagiri Spinning Mills Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.85 Cr.

  • Who are the current board members & directors of Kandagiri Spinning Mills Limited?

    Currently 8 directors are associated with Kandagiri Spinning Mills Limited.

    • Selvarajan Rathinam
    • Devarajan Sambandam
    • Sigamani Sivakumar
    • Sarayu
    • Asifa J
    • S Vijay Shankar
    • Nattery Srinivasan Poornima
    • Somasundaram Elangovan

  • What is the registered address of Kandagiri Spinning Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Kandagiri Spinning Mills Limited is Post Box No 3 Udayapatti, India, Salem, Tamil Nadu, 636140.

  • What is the corporate identification number (CIN) and company number of Kandagiri Spinning Mills Limited?

    The corporate identification number (CIN) of Kandagiri Spinning Mills Limited is L17111TZ1976PLC000762 and the company number is 000762 as per Ministry of Corporate Affairs (MCA).

  • Is Kandagiri Spinning Mills Limited registered with any stock exchange in India?

    Yes, Kandagiri Spinning Mills Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Kandagiri Spinning Mills Limited?

    The Official website of Kandagiri Spinning Mills Limited is https://www.kandagirimills.com

  • What has been the recent revenue trend for Kandagiri Spinning Mills Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Kandagiri Spinning Mills Limited has fallen by -22.35%.

  • How many employees does Kandagiri Spinning Mills Limited currently have?

    As Per 2023 financial reports, 168 employees are currently employed by Kandagiri Spinning Mills Limited.

  • What change has been observed in the net worth of Kandagiri Spinning Mills Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Kandagiri Spinning Mills Limited has experienced an upsurge of 24.58%.

  • When was the last Balance Sheet of Kandagiri Spinning Mills Limited filed with the ROC?

    The most recent Balance Sheet for Kandagiri Spinning Mills Limited was filed with the ROC on 31 Mar 2024.

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