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ISIN No
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INE952C01028
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BSE Code / NSE Code
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531456 / MINAXI
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Book Value (Rs.)
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0.87
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Face Value
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1.00
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Bookclosure
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26/09/2024
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52Week High
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2
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EPS
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0.36
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P/E
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3.65
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Market Cap.
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6.52 Cr.
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52Week Low
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1
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P/BV / Div Yield (%)
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1.52 / 0.00
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| Incorporated on 1995, Minaxi Textiles Ltd is engaged in Weaving and manufacture of Cotton and Cotton Mixture Fabrics. Company is also engaged in weaving of grey cloth of suiting and shirting. Minaxi Textiles Ltd. is a India-based public limited textile company incorporated on March 14, 1995, prior to that the company ran under partnership. The company is engaged in weaving of Synthetic Grey cloth of Suiting & Shirting and also supplying uniform to government and semi-government department under tenders floated by them. The company has 30 year contract of Aditya Birla Group to weave Linen for them. Minaxi Textiles Limited also covers local market of fabric in major cities in India. Mr. Kanubhai Patel, the founder of the company, was the Chairman and Managing Director till year 2006-07 before he retired. In 2009, new management took charge and Mr. Bharatbhai Patel became Managing Director. Under the expert leadership of Mr. Bharatbhai Patel, growth of Minaxi Textiles Ltd crossed unprecedented figures of 380 million in 2011. The company has increased strength of weaving machine in last two consecutive years and will still keep doing till end of next year. The company was established in order to supply fabric with quality at very competitive prices. From the outset, Minaxi Textiles has had an immediate impact on the market. Offering a wide range of fabrics at affordable prices helps foster current designers and recent customers. Our target sales market has grown to include both India and outside of India, and we are pleased with the response that we get now. The Company is engaged in Weaving and manufacture of Cotton and Cotton Mixture Fabrics. The Company is also engaged in weaving of synthetic grey cloth of suiting and shirting, and supplying uniform to government and semi-government department under tenders floated by them. The Company deals in suiting products having specialty in fancy suiting fabrics. Its products include suiting lycra fabric, cotton quilts, broken twill fabric and satin fabric. The Company has approximately 40 picanol gamma weaving machines.
2004 -Minaxi Textiles receives export order worth Rs 130 million from USA based TRANS GLOBE INC.
2005 -The company has recommended a Final Dividend @ 5%
2007 - The Company has splits its face value from Rs10/- to Rs1/-
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