Textile company bags orders worth Rs 41,24,00,000 from Government of India, Ministry of Defence, Department of Military Affairs & Indian Army

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 120.05 per share.

Shiva Texyarn Limited has secured a significant contract from the Government of India, Ministry of Defence, Department of Military Affairs & Indian Army. The contract involves the supply of 26,574 sets of Extreme Cold Weather Clothing systems (Suits). This domestic order is valued at Rs 41.24 crore (inclusive of all duties and taxes) and is scheduled to be executed between October 23, 2024, and January 16, 2026. The purchaser reserves the right to increase or decrease the quantity at the time of contract placement.

Founded in 1980, Shiva Texyarn Ltd. (STL) is a multifaceted textile manufacturer specialising in both cotton yarn and diverse technical textiles. Through their five divisions – Spinning, Processing, Lamination, Coating, and Garment – STL produces a wide range of products including coated fabrics, child-care textiles, medical textiles, and tactical gear. Their products find application in various industries like agriculture, construction, clothing, and healthcare, and are sold through a vast network of retailers, distributors, and their own sales team. Additionally, they offer several brands like Quick Dry and MedicMask.

Today, shares of Shiva Texyarn Ltd gained 0.81 per cent to an intraday high of Rs 243.80 per share from its previous closing of Rs 241.85. The stock’s 52-week high is Rs 254.85 and its 52-week low is Rs 120.05.

According to the shareholding pattern, the promoters own 74.04 per cent stake in the company, DIIs own 0.01 per cent and the rest of the 25.95 per cent stake is owned by public shareholders. The company has a market cap of over Rs 300 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 120.05 per share.

Disclaimer: The article is for informational purposes only and not investment advice.