Ambika Cotton Mills Ltd. Stock Analysis AMBIKCO.NS

Ambika Cotton Mills Ltd. engages in the provision of manufacturing and selling of cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. The company is headquartered in Coimbatore, Tamil Nadu and currently employs 1,771 full-time employees. The firm manufactures approximately 100% cotton compact yarn counts varying from 20s to 120s combed, which goes for the manufacture of shirts and t-shirts globally. Its products are made from various imported and Indian cotton. Its operations also consist of exports. The firm operates with a total installed spindle capacity of approximately 108,288 in a compact facility housed in four units and a knitting facility converting 40,000 kilograms (Kgs) of yarn per day into fabrics. The firm has installed approximately 27.4 megawatts (MW) of wind power capacity for captive consumption of the spinning segment. The Spinning Plants are located at Kanniyapuram, Dindigul and windmills are located in Tirunelveli, Dharapuram and Theni in the State of Tamil Nadu.