Friday, October 30, 2020

ALOK INDUSTRIES LIMITED - Fastest growing Stocks 2020

 ALOK INDUSTRIES LIMITED 




Alok Industry was founded by Surendra Bhagirathmal jiwrajka on 12, 1986. Its headquarter is in Mumbai, Maharashtra, India. Reliance owns 37.70% stake with an option to increase. Although, it is owned by Reliance Industries, JM Financial also have acquired a stake in the company. There are about 10,000 employees in this industry. Its subsidiaries are Grabal Alok Impex, Alok Apparels pvt. Ltd. , Alok Retail India ltd., Alok Infrastructure pvt. Ltd. , Miletaa, Alok International Inc., Alok Hand A ltd. It is an integrated textile manufacturer. Nowadays, Alok providing 1 lac PPE per day. The key person of Alok Industry is Dilip B. Jowrajka. In years 2006, 2007. 2008, 2009, 2010, 2011, 2012, 2013,2014 Alok Industries bear Recognitions and Awards.

 Sector 

Alok Industries main business involves weaving knitting, processing, home textiles, ready made garments and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa. 

Shareholding Pattern

 Out of 100% of noofshares, Promoters hold- 0.00% , Foreign Institutions hold – 0.23%, NBFC and Mutual Funds -0.00%, Central Government hold – 0.00%, Others hold – 50.53%, General Public hold – 47.06%. 

8 most valuable textile companies in India

 • Page Industries 
• Alok Industries 
• Vardhman 
• Trident 
• Welspon 
• KPR Mill ltd. 
• Garware Technical Fibres 
• Lakshmi Machine Works Limited 

Products and Services of Alok Industries

 • Aparel Fabric – Woven Fabric of 112 cms to 160 cms width, Knitted Fabric, Work Wear Fabric 
• Blended Cotton Yarn – Gassed Yarn 
• Embroidery – Computerized embroidery ( Multi-head and Schiffli) 
• Knitted and Woven Garments – Active wear 
• Home Textiles – Bed Linen, Terry Towel 
• Polyester – F.D.Y. ( Fully Drawn Yarn), P.O.Y. ( Partially Oriented Yarn ), Textuised Yarn 
• Accessories – Handkerchief, Shopping bags. 

Fastest growing Stocks 2020 

• Alok Industries - 859.65% 
• Aarti Drugs ltd. – 174.79% 
• Balaxi Ventures – 137.45% 
• Adani Green Energy – 102.4% 
• Dixon Technologies – 102.32% 
• RIL – 40.09% 

Manufacturing Locations

 Silvassa in Dadra and Nagar Haveli Thane and Navi Mumbai in Maharashtra and Valsad and Vapi in Gujarat 

 Profit 

For the quarter ended 31/12/2019, company has reported a consolidated sales of Rs. 873.33 crore up 3.88% from last quarter sales of Rs. 840.72 crore and up 22.70% from last year same quarter sales of Rs. 711.76 crore company has reported net profit after tax of Rs. 194.25 crore in latest quarter.

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