ASHNOOR TEXTILE MILLSPE 11 vs Industry PE 30
EBIDT growth 3Years - 18%
EPS growth 3Years - 23%
Company manufactures a full range of white, colored, pool and kitchen towels, catering to medium and large size hotel chains. It also exports terry towels to the US.
Company has a manufacturing unit in Gurugram with installed capacity of 5400 tons of towels annually.
In FY23, company append a new clause under Memorandum of Association:
To carry on investment in and sale and purchase of all types of securities including derivatives, shares, bonds and mutual funds, Government securities, debentures, warrants and other types of financial instruments, Commodities including cotton and other products relating to textiles and currencies.
Long