Lagnam Spintex Ltd. Stock Analysis LAGNAM.NS

Lagnam Spintex Ltd. engages in the provision of manufacture and trade of cotton and export yarn. The company is headquartered in Bhilwara, Rajasthan. The company went IPO on 2018-09-18. The firm is engaged in manufacturing of ring and open-end (OE) yarn for the domestic and export market ranging from count Ne 4 to Ne 40, which are used in denim, terry towels, bottom wears, home textiles and industrial fabrics. Its products include Yarn spun on perforated tubes / Soft package for direct Dyeing (ring and OE); low twist, high RKM OE yarn; low twist yarn in OE; Cotton Open End yarn from NE 6 to NE 24; Compact Slub yarn; Cotton Ring Spun Combed Yarns from Ne 20 to Ne 40; cotton Compact Ring Spun Combed Yarns from Ne 20 to Ne 40, and others. The company produces 100% cotton yarns for both knitting and weaving, which are used for multiple applications, such as knitting, shirting, sheeting, sweaters, weaving, bottom wear, home textile, industrial fabric and others. The company exports cotton yarns to countries, such as Portugal, Bangladesh, Colombia, Malaysia, Italy, United States, Spain, Germany and others.