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The Textile Magazine
jANUARY 2012
Shri Lakshmi Cotsyn
expansion
to be completed by March
corporate news
Dr. M.P. Agarwal, Chairman-
cum-Managing Director, Shri Lak-
shmi Cotsyn Ltd. (SLCL), has said
the Rs. 992-crore expansion plan of
the company, which includes expan-
sion in the technical textile, denim
and sheeting project, is scheduled to
be completed in March.
Addressing the company AGM,
Dr. Agarwal disclosed that the net
sales of the company in 2010-11
increased by 17.12 per cent at Rs.
1798.38 crores as compared to Rs.
1535.48 crores in 2009-10. The net
profit rose 13.60 per cent to Rs.
104.11 crores (Rs. 91.64 crores).
Earnings per share increased to Rs.
49.35 from Rs. 45.90.
Dollar appreciation benefited the
company during the period, result-
ing in a 137.08 per cent jump in
its export turnover, from Rs. 95.63
crores to Rs. 226.72 crore.
SLCL has announced a dividend
of 30 per cent, i.e., Rs. 3 per share.
SLCL is an integrated textile
player engaged in manufacturing
and processing a wide range of tex-
tile products and technical textiles
for the defence sector. It has seven
manufacturing facilities, in Aung,
Malwan, Rewari Bujurg and Ab-
haypur in Fatehpur district of Ut-
tar Pradesh, Sonepat (Haryana),
Roorkee (Uttarakhand) and Noida.
Its product range includes bed-lin-
en, terry towel, denim and bottom
weights, readymade garments, fu-
sible interlinings, and embroidered
fabrics and zippers. It services large
institutional clients with a range of
uniform fabrics, ballistics, 360 de-
gree protected armoured vehicles,
fabricated equipments such as sleep-
ing bags and tents and fabrics like
haversacks, facelets, and protective
clothing and casualty bags.
SLCL is a market leader in fusi-
ble interlining with over 35 per cent
market share. Its product range is
spread across several brands such
as “STAR TRACK” (fusible in-
terlining), “SVL” (zippers), “ALI-
SHA” (embroidery and lace fabric),
“GALAXY” (denim trousers, gar-
ments and bottom weight fabrics),
“WEAVES” (home furnishing) and
now the “DYFI” brand for ready-
made garments.
w
Dr. M P Agarwal,
Chairman-cum-Managing Director