RSWM Ltd
RSWM Ltd. is the flagship Company of the LNJ Bhilwara Group. RSWM is primarily engaged in the manufacture of synthetic, blended, melange,specialty yarns ,fabrics & Denim. Additionally, it has 154 looms and produces 17 million metre polyester viscose blended suiting annually which is marketed under the brand Mayur Suitings. The company also produces denim fabrics on 86 looms with annual production of 16 million metres. The company supplies to several well-known companies including Raymonds, Uco Denim, D’ Decor, Arvind, Siyaram Silk Mills, Welspun Group, and Alok Industries. Another listed company – Cheslind Textiles which was its subsidiary has been merged into the company, effective 31st March 2015.
The company, for Q3FY16 posted a muted set of numbers. Net sales rose 2% (YoY) at Rs.752 crore. EBITDA was up 5% at Rs.90 crore and net profit rose from Rs.17 crore to Rs.21 crore. Its 9MFY16 net profit at Rs.74 crore – 87% of full year FY15 net profit holds promise of a better closing this fiscal.
The company’s debt stands at Rs.1100 crore and per annum, some Rs.100 crore is its interest outgo.