Sumeet Industries Limited Share Price and Company Fundamentals



Price
₹6.8
Change
-0.050 (-0.730%)
52 week
5.95 - 14.45

Last traded: Today at 3:37 AM

Sumeet Industries Limited manufactures and sells yarns in India. The company provides polyester and textile grade chips, as well as partially oriented, fully draw, texturized, micro filament, carpet, bright, and dope dyed black yarns. It also exports its products to Egypt, Tunisia, Saudi Arabia, China, Argentina, Poland, Portugal, Morocco, Columbia, Bangladesh, Russia, Ethiopia, Mexico, Nepal, Brazil, Peru, Algeria, Thailand, the United States, Singapore, Turkey, Kenya, etc. The company was formerly known as Sumeet Synthetics Limited and changed its name to Sumeet Industries Limited in 1996. Sumeet Industries Limited was incorporated in 1988 and is based in Surat, India.

Key Metrics

PE ratio

95.00

PB ratio

0.25

Dividend yield

0.00%

Beta

0.78

Market cap

-

Enterprise value

-

Company profile

Industry / SectorTextile Manufacturing / Consumer Cyclical
Websitehttps://www.sumeetindustries.com
Mailing address504, Trividh Chamber 5th Floor Opp. Fire Brigade Station Ring Road Surat 395002 India
Phone / Fax91 26 1232 8902 / 91 26 1233 4189

Dividends

Dividend yield

0.00%

Dividend amount

₹0.00

Payout ratio

0.00%

Sumeet Industries Limited paid ₹0.00 dividend and the ex-dividend date was 20 Sept 2012.The dividend payout ratio is 0.00%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.SUMEETINDS dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

SUMEETINDS's forward dividend amount is ₹ and the forward dividend yield is . A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2022, following are the company executives and directors listed on Sumeet Industries Limited.

NameTitleAgeTotal Pay
Mr. Shankarlal Sitaram SomaniExec. & Non-Independent Chairman67
Mr. Sumeet Kumar Shankarlal SomaniMD and Exec. & Non-Independent Director41
Mr. Abhishek PrasadChief Financial Officer806k
Mr. Anil Kumar JainCompany Sec. & Compliance Officer501.16M
Mr. Naresh Kumar JoshiPersonnel & Admin. Officer57

Profitability and management effectiveness

Profit margin

0.33%

Operating margin

0.32%

Return on assets

0.29%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Sumeet Industries Limited is and its enterprise value is .

The SUMEETINDS's stocks Beta value is 0.78 making it 22% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Sumeet Industries Limited (NSE:SUMEETINDS) Frequently Asked Questions

1. What is Sumeet Industries Limited's Stock Symbol?

Sumeet Industries Limited trades on NSE under the ticker symbol "SUMEETINDS".

2. What is Sumeet Industries Limited's stock price today?

One share of SUMEETINDS stock can currently be purchased for approximately ₹6.8.

3. How can I contact Sumeet Industries Limited?

Sumeet Industries Limited's mailing address is 504, Trividh Chamber 5th Floor Opp. Fire Brigade Station Ring Road Surat 395002 India. The company can be reached via phone at 91 26 1232 8902.

4. What is Sumeet Industries Limited's official website?

The official website of Sumeet Industries Limited is https://www.sumeetindustries.com.