Salona Cotspin Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 5.26 Cr
- Company Age 31 Year, 15 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 778.33 Cr
- Satisfied Charges ₹ 57.87 Cr
- Revenue Growth -24.71%
- Profit Growth -11.22%
- Ebitda -6.85%
- Net Worth 29.59%
- Total Assets 18.52%
About Salona Cotspin
Salona Cotspin Limited (SCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 January 1994 and has a history of 31 years. Its registered office is in Coimbatore, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 590056 and on the National Stock Exchange(NSE) under SALONA.
The Corporate was formerly known as Salona Cotspin Pvt 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 2023. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 5.26 Cr.
The company currently has active open charges totaling ₹778.33 Cr. The company has closed loans amounting to ₹57.87 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Salona Cotspin Limited India are Punai Ravishankar as COMPANY SECRETARY and Selvaraj Subbiah as Cfo.
Company Details
-
Location
Coimbatore, Tamil Nadu, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
Social Media-
Corporate Identity Details
Industry
What products or services does Salona Cotspin Limited offer?
Salona Cotspin Limited offers a wide range of products and services, including Cotton Yarn, Open End Cotton Yarn, Dyed Cotton Yarn, Spun Yarn, Combed Ring Spun Yarn, Compact Cotton Yarn, Apparel Fabrics & Clothing Textiles, Cotton Textile, Fabric, Ladies Lower.
Who are the key members and board of directors at Salona Cotspin?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Punai Ravishankar
|
Company Secretary | 23-Aug-2024 | Current |
|
Selvaraj Subbiah
|
CFO | 11-Aug-2014 | Current |
|
Manoj Jhajharia
|
Managing Director | 26-Sep-1998 | Current |
|
Shyam Agarwala
|
Managing Director | 18-Jan-1997 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Hari Ganesh
|
Director | 25-Jun-2020 | Current |
|
Arunkumar Jhajharia
|
Director | 12-Feb-2018 | Current |
|
Raghav Agarwal
|
Director | 14-Nov-2022 | Current |
|
Prabhu
|
Director | 14-Nov-2022 | Current |
|
Dhiresh Jayasi
|
Director | 25-Jul-2014 | Current |
|
Meenakumari Shanmugam
|
Director | 30-Mar-2015 | Current |
Financial Performance of Salona Cotspin.
Salona Cotspin Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.71% decrease. The company also saw a substantial fall in profitability, with a 11.22% decrease in profit. The company's net worth Soared by an impressive increase of 29.59%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Salona Cotspin?
In 2023, Salona Cotspin had a promoter holding of 67.09% and a public holding of 32.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹778.33 Cr
₹57.87 Cr
Charges Breakdown by Lending Institutions
- Others : 519.72 Cr
- Hdfc Bank Limited : 197.93 Cr
- State Bank Of India : 60.67 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2024 | Hdfc Bank Limited | ₹2.25 M | Open |
| 26 Apr 2024 | Others | ₹9.50 Cr | Open |
| 25 Mar 2024 | Others | ₹8.62 Cr | Open |
| 29 Sep 2023 | Hdfc Bank Limited | ₹51.00 Cr | Open |
| 22 Aug 2023 | Hdfc Bank Limited | ₹1.76 M | Open |
How Many Employees Work at Salona Cotspin?
Salona Cotspin has a workforce of 380 employees as of Apr 04, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Salona Cotspin, 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 Salona Cotspin's trajectory.
Rating
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
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.
