Rishi Techtex Ltd Share Price

History of Rishi Techtex Ltd

Incorporated in 1984, Rishi Techtex Limited (Formerly known Rishi Packers Limited) was promoted by B G N Patel. The Company changed its name from Rishi Packers Limited to Rishi Techtex Limited on March 3, 2011. The Company is engaged in manufacturing and exports of HDPE/PP Woven Sacks and Shade Nets and supplying to fertilizers and cement industry. It has two manufacturing plants, one at Union Territory of Daman and the other at Union Territory of Dadra. During 1997-98, the company implemented the new project for the manufacture of Raschel bags and modernised its Woven sacks operations by replacing two Tape Lines and 30 Looms. During 1998-99, the Company commenced a new woven sacks project at Dadra in the Union Territory of Dadra and Nagar Haveli with a capacity of 750 MT per annum. ...The Company also issued 600000 Equity shares of Rs. 10 each at a premium of Rs. 5/- per share to promotor group on private placement basis to raise funds to meet the working capital requirements. During the year 2000-01, the company has registered 9.5% growth in respect of turnover over the previous year. The total turnover is stood at Rs.2978.79 lakhs during 2000-01, as against Rs.2720.30 lakhs in the previous year. In 2004-05, the Company increased its capacity of PE Knitted fabrics with the installation of additional knitting machines at its Daman works. The extrusion capacity of the Company was also increased by modernising two extruders. In 2005-06, it undertook a substantial expansion of its Knitting Division capacity at Daman, which doubled to 1500 MTPA costing Rs 585 lacs. Further, it undertook modernisation plan of its Woven Sacks division at a cost of Rs.120 Lacs. In FY17, it launched fire-retardant shade nets; launched Wavesail nets in 2018; Treeguard' brand of nets launched in 2019. The Company acquired 4 new plants in 2021, comprising of PE liner machine, warping machine, high-speed warp raschel knitting machine and rooftop-mounted grid solar plant. It acquired a new facility (machine) for roll movement in 2021. In FY 2025, Company introduced an expanded range of Aluminet, Anti-Hail, and Fire-Retardant (FR) Nets, supporting climate resilience and safety requirements across international markets. Additionally, the Company enhanced its portfolio of Bird Nets and Crop Covers. The combined exports in both these categories, changed the scenario for growing demand across agriculture, horticulture, and urban infrastructure. Woven Division introduced customised sack solutions, enhancing print capabilities, across sectors such as paints, cement, and agrochemicals.