About Company -
Ashima engages in the manufacture and sale of textile and related products in India. It offers fabrics, denims, cotton yarns, and shirting products.ASHIMA manufactures product groups like denim, high value yarn dyed shirting and attires. The product range of the company includes open end and ring spun denim It offers 10.5 million meters per annum of denim fabrics in 100% cotton for jeans, shorts and jackets, casual shirts, and kids wear. Ashima also offers fully bleached white, piece–dyed and yarn–dyed shirtings; PFD; piece–dyed and yarn–dyed bottom weights; tubular, open–width and piece–dyed mercerized knitted fabrics etc.
Its plants are located at Mehsana and Ahmedabad in Gujarat. The installed capacities of Ashima are 174,647 spindles, 2,800 rotors, 1,872 looms, 17 million meters of cloth processing and 2,139.05 MT of yarn/fabric processing per annum. Ashima is the first textile company to adopt and get certified for integrated quality and environmental management system ISO 9001:2000 and ISO 14001:2004.
Ashima markets its products under the brand names Frank Jefferson and Icon. It exports its products to more than 45 countries. The company has two subsidiary companies, namely Ashim Cotton and Ashim Textiles Inc., USA.
Stock Performance - 12 Months
Investment Rationale -
- ICON is the first brand to offer RTS in the formal and casual shirts and trousers segment
- Currently there is boom in Textile stocks in BSE / NSE
- This scrip is only for investors with high risk appetite
- Company is trying to turnaround fortunes.
- Good presence with distributors Pan India
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