Adhinath Textiles Ltd was incorporated in 1979 by the Oswal Group of Ludhiana, who also promoted Mahavir Spinning Mills and Vardhaman Spinning and General Mills. It manufactures synthetic and wool-blended hosiery and, knitting yarns which are marketed under the Adinath brand name. The Company has an installed capacity of 4800 spindles. It has installed state of the art machinery from (SAVIO) Italy, NSC (France).
The Company primarily operates in spinning of worsted and spun yarn. It has manufacturing set up base in Ludhiana in the State of Punjab and Corporate Office located in Ludhiana in Punjab. Presently, it devoted major part of its production capacity to Job works.
The company commenced operations on a small-scale in 1979-80, at Ludhiana, with an installed capacity of 5392 worst ...ed spindles and a combing capacity of 773 tpa of wool tops. It came out with a public issue in Oct.'88 to finance its long term working capital requirements. By Mar.'90, it added additional 6000 worsted spindles.
Since, the acrylic market for worsted spinning units is turning into a low margin activity, the company has decided to come out of the hosiery segment by diversifying into polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings.
In 1995-96, the company earned a foreign exchange of Rs 5 cr. During the year, due to the continued recession witnessed by the acrylic yarn industry, the company's margins were eroded due to increase in the cost of the raw material, restricted money supply, increase in interest rates and significant devaluation of rupee. Despite marked improvement in production, turnover and exports, the profitability of the company did not improve correspondingly.
In 2003, the Company carried out majority of its manufacturing activities at Nandesari site.
1. Can I buy Adinath Textiles Ltd from PL Capital? ›
Yes, you can invest in Adinath Textiles Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Adinath Textiles Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Adinath Textiles Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Adinath Textiles Ltd pay dividends? ›
Adinath Textiles Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Adinath Textiles Ltd ? ›
As of
05-12-2025 the share price for Adinath Textiles Ltd. is 26.79 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Adinath Textiles Ltd ? ›
The 52-week high and low of Adinath Textiles Ltd share price is ₹ 15.46 - ₹ 43.39 as of
05-12-2025 .
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