Gem Spinners India Ltd(GSIL) was incorporated in October, 1990 as Gem Spinning and Weaving Mills. The company is in the business of textiles. Its products are cotton yarn in the count range from 20s to 100s and knitted fabric. The Company has set up a plant for the Manufacture of Cotton Yarn and Grey Fabrics at Kancheepuram District, in Tamil Nadu.
To part-finance its project of setting up a 100% EOU for the manufacture and export of cotton yarn and knitted cotton fabrics, GSIL went public with its maiden issue in Jan.'94. The plant and machinery -- consisting of blow room, carding machines, draw frames, combing machines, simplex machines, ring frames and winding machines -- are from Germany, Italy and Switzerland whereas the knitting machines are from Singapore. GSIL exports to Japan, ...Korea, Taiwan, Malaysia, Hong Kong, etc.
In 1995-96, it diversified into garment exports and created a new division for this purpose.
During 1996-97, company installed 3 diesel generator sets of 1000 KVA to overcome the power cut.The company's GEM brand has established world high quality standards and is regarded as one of the best yarn in the world.
The company as informed in 1999 has been declared Sick by BIFR and the Board has appointed IDBI as Operating Agency. The face value of equity shares was reduced to Rs.5 per share.
1. Can I buy Gem Spinners India Ltd from PL Capital? ›
Yes, you can invest in Gem Spinners India Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Gem Spinners India 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 Gem Spinners India Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Gem Spinners India Ltd pay dividends? ›
Gem Spinners India 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 Gem Spinners India Ltd ? ›
As of
04-11-2025 the share price for Gem Spinners India Ltd. is 5.56 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Gem Spinners India Ltd ? ›
The 52-week high and low of Gem Spinners India Ltd share price is ₹ 3.73 - ₹ 10.65 as of
04-11-2025 .
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