Kiran Syntex
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Kiran Syntex Limited's board has approved a scheme of merger with Gujarat Kiran Polytex Limited, under which shareholders of the transferor will receive 14.857 shares of Kiran Syntex for each share held. The merger combines two textile businesses, creating a combined entity with revenue of about ₹44.5 crore and net worth of ₹7.6 crore. Post-merger, promoter stake will rise to roughly 73.3% on an expanded capital base of 1.65 crore shares, from the current 42.5 lakh shares.
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Kiran Syntex Limited's board has approved a scheme of merger with Gujarat Kiran Polytex Limited, under which shareholders of the transferor will receive 14.857 shares of Kiran Syntex for each share held. The merger combines two textile businesses, creating a combined entity with revenue of about ₹44.5 crore and net worth of ₹7.6 crore. Post-merger, promoter stake will rise to roughly 73.3% on an expanded capital base of 1.65 crore shares, from the current 42.5 lakh shares.
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June 30 (Reuters) - Kiran Syntex Ltd KSYN.BO:
KIRAN SYNTEX - APPROVED SCHEME OF MERGER OF KIRAN SYNTEX WITH GUJARAT KIRAN POLYTEX
Source text: ID:nBSE1D7Ps8
Further company coverage: KSYN.BO
(([email protected];))
June 30 (Reuters) - Kiran Syntex Ltd KSYN.BO:
KIRAN SYNTEX - APPROVED SCHEME OF MERGER OF KIRAN SYNTEX WITH GUJARAT KIRAN POLYTEX
Source text: ID:nBSE1D7Ps8
Further company coverage: KSYN.BO
(([email protected];))
Aug 24 (Reuters) - Kiran Syntex Ltd KSYN.BO:
RE-APPOINTS MAHESHKUMAR MOTIRAM GODIWALA AS MD
Source text for Eikon: ID:nBSE8s7T6W
Further company coverage: KSYN.BO
(([email protected];))
Aug 24 (Reuters) - Kiran Syntex Ltd KSYN.BO:
RE-APPOINTS MAHESHKUMAR MOTIRAM GODIWALA AS MD
Source text for Eikon: ID:nBSE8s7T6W
Further company coverage: KSYN.BO
(([email protected];))
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What does Kiran Syntex do?
Kiran Syntex Ltd operates in the textiles industry, focusing on processing textiles. They have enhanced their product mix to improve profit margins, primarily targeting domestic markets.
Who are the competitors of Kiran Syntex?
Kiran Syntex major competitors are Aananda Lakshmi Spg., Kakatiya Textiles, Premier Synthetics, Suryavanshi Spg Mill, United Textiles, Sheshadri Industries, Pasari Spg Mills. Market Cap of Kiran Syntex is ₹6 Crs. While the median market cap of its peers are ₹7 Crs.
Is Kiran Syntex financially stable compared to its competitors?
Kiran Syntex seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Kiran Syntex pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Kiran Syntex latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Kiran Syntex allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Kiran Syntex balance sheet?
Kiran Syntex balance sheet is weak and might have solvency issues
Is the profitablity of Kiran Syntex improving?
The profit is oscillating. The profit of Kiran Syntex is -₹0.08 Crs for Mar 2025, -₹0.09 Crs for Mar 2024 and -₹0.08 Crs for Mar 2023
Is the debt of Kiran Syntex increasing or decreasing?
The net debt of Kiran Syntex is decreasing. Latest net debt of Kiran Syntex is -₹0.15 Crs as of Mar-26. This is less than Mar-25 when it was ₹0.06 Crs.
Is Kiran Syntex stock expensive?
Kiran Syntex is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Kiran Syntex is 0, while 3 year average PE is 12.48. Also latest EV/EBITDA of Kiran Syntex is 5850 while 3yr average is 161.
Has the share price of Kiran Syntex grown faster than its competition?
Kiran Syntex has given better returns compared to its competitors. Kiran Syntex has grown at ~22.69% over the last 10yrs while peers have grown at a median rate of 14.59%
Is the promoter bullish about Kiran Syntex?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Kiran Syntex is 46.72% and last quarter promoter holding is 46.72%.
Are mutual funds buying/selling Kiran Syntex?
The mutual fund holding of Kiran Syntex is stable. The current mutual fund holding in Kiran Syntex is 0.22% while previous quarter holding is 0.22%.