Textiles
₹00.1853
SVGL
SVP Global Textiles Limited, formerly known as SVP Global Ventures Limited, was incorporated in 1982 and is listed on the Bombay Stock Exchange. The company changed its name from SVP Global Ventures Ltd to SVP Global Textiles Limited in November 2021. Incorporated in 1982, SVP Global Textiles Ltd manufactures Textiles Goods and trades Gold Diamond, Stones, Fabrics etc.
SVP Global Ventures Ltd. ("SVP") is a diversified yarn manufacturing company, incorporated in 1982, and is listed on the Bombay Stock Exchange. As the holding company for the entire Textile branch of Shri Vallabh Pittie Group, SVP Global Ventures employs a top-down approach to achieving excellence via a collaborative and sustainable effort throughout its organizational structure.
SVP Global Textiles Limited is an India-based cotton yarn manufacturing company. The Company is engaged in manufacturing of textiles goods and also in the trading of gold diamond, stones, fabrics. SVPGTL is an integrated textile company manufacturing Compact Yarn (Count range 20 to 60) and Open End Yarn in Rajasthan and blended Yarn with Count range 20 to 60 in Tamil Nadu.
The company operates with sophisticated manufacturing infrastructure. Company's plant and machinery are sourced from Rieter (Switzerland), Electro-jet (Spain), LMW (India) and Schlafhorst (Germany). Headquartered in Mumbai, the company owns 3 units at Coimbatore, Palani, Madurai in Tamil Nadu for manufacturing Polyester & Cotton Blended Yarn.
Looking to its future and capitalizing on the extensive experience of its Management Team, SVP Global Ventures has now embarked on its largest initiative yet: the Company is setting up textile manufacturing facilities in the state of Rajasthan, at the RIICO Industrial Area in Dhanodi, District of Jhalawar. These new units will produce high-quality compact yarn which are Low on hairiness, higher strength and elongation, and less fiber fly, offering significant advantages in downstream processing.
SVP is a professionally managed company, led by a dynamic promoter Mr. Chirag Pittie. Mr. Pittie received his BSBA degree in Finance and Management from Boston University, USA. Since then, he has methodically brought SVP Global Ventures to the forefront of textile innovation and the epitome of corporate social responsibility.
As of recent data, the company's financial performance reflects significant challenges. SVP Global's market cap stands at ₹45.9 crore as of the latest reporting period, down 51.3% in 1 year. The company reported revenue of ₹92.2 crore and a profit of -₹980 crore. Promoter holding stands at 52.8%.
- Q3 FY25 (December 2024): Net Loss of ₹59.50 crore compared to net loss of ₹43.18 crore in December 2023. Sales declined 80.93% to ₹13.46 crore compared to ₹70.58 crore in the previous quarter.
- Q2 FY25 (September 2024): Net Loss of ₹63.60 crore compared to net loss of ₹54.48 crore in September 2023. Sales declined 77.95% to ₹16.19 crore compared to ₹73.44 crore.
- Q1 FY25 (June 2024): Net Loss of ₹96.99 crore compared to net loss of ₹59.18 crore in June 2023. Sales declined 34.81% to ₹50.19 crore compared to ₹76.99 crore.
SVP Global Ventures is listed and trades on the Bombay Stock Exchange stock exchange. The stock has faced significant volatility and decline over recent periods. SVP Global Textiles Ltd's 52-week high share price is ₹8.82 and 52-week low share price is ₹2.48.
The 1-year returns on the stock have been -51.60%. The stock price has moved down by 17.05% in the last 1 month on BSE and down by 93.64% in the last 3 years on BSE.
The Company operates through two different segments: Textiles and Investment Income. The company exports its products, indicating an international presence in addition to its domestic operations.
The company faces several operational challenges. It has a low interest coverage ratio and has delivered a poor sales growth of -41.6% over the past five years. The company has high debtors of 476 days, indicating collection challenges.
The company's registered office is located at 97 Maker Tower F, 9th Floor, Cuffe Parade, Mumbai, Maharashtra-400005. SVP Global Textiles Limited is a subsidiary of Scenario Communication Limited.
SVP Global Textiles Limited represents a traditional textile manufacturing company with a long operational history but currently faces significant financial and operational headwinds that have impacted its market performance and investor confidence.
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Mr. Amit Bansal
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