Loyal Textile Mills Ltd

Loyal Textile Mills Ltd

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OVERVIEW
FINANCIALS

About

Loyal Textile Mills was founded in 1956 as a spinning and weaving mill using second-hand machines as an employment opportunity for laid-off employees. Today, Loyal is involved in the manufacturing of yarns, fabrics, garments, and other home textiles as well as the designing of knitted and woollen fabrics using cotton, linen blends, and polyester blends. With the help of 4 spinning mills, 2 weaving units, 1 knitting unit, 1 dyeing house, and 7 garment manufacturing units, Loyal Textiles can produce up to 33,000 tonnes of yarn and 28,000 tonnes of fabric every year, in addition to 20,000 pieces of knitted garments and 15,000 pieces of woven garments every day. Out of its ₹1,400 cr turnover, ₹1,120 cr is generated by exports to countries like Argentina, Indonesia, Belgium, Morocco, and the US, to name a few.

Incorporation Year: 1946
Headquarters: Chennai
Top Management: Valli M. Ramaswami
Industry: Textiles & Garments

Featured In Fortune India Ranking

Next 500 India
#390(2024)#148(2023)#226(2022)#201(2021)#185(2020)#201(2019)#235(2018)#202(2017)#83(2016)#22(2015)
#390(2024)#148(2023)#226(2022)#201(2021)#185(2020)#201(2019)#235(2018)#202(2017)#83(2016)#22(2015)
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Financial Data 2024

Revenue
980
(INR Cr)
Net Operating Income
939
(INR Cr)
Assets
945
(INR Cr)
Profit
-40
(INR Cr)
Net Worth
321
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
980
-35.1%
1509
-19.2%
1867
67.0%
1118
-1.5%
1135
-14.5%
1327
14.5%
1159
0.5%
1153
-1.7%
1173
-16.8%
1410
-13.7%
1633
29.7%
1259
40.9%
893
-13.4%
1032
126.5%
455
2.2%
446
-
Net Operating Income
(INR Cr)
939
-33.05%
1403
-20.42%
1763
57.15%
1122
1.57%
1104
-15.49%
1307
12.78%
1159
1.96%
1136
-1.90%
1158
-17.64%
1407
0.00%
1605
28.18%
1252
37.53%
911
-5.39%
962
116.67%
444
4.75%
424
8.02%
Profit
(INR Cr)
-40
-
3
-97.1%
97
195.5%
33
274.0%
9
-68.9%
28
11.3%
25
1.0%
25
-6.7%
27
70.2%
16
-19.8%
20
290.9%
5
-
-2
-
31
1492.4%
2
-
-14
-
Assets
(INR Cr)
945
-7.7%
1024
4.5%
980
51.3%
647
1.2%
640
-10.8%
717
-1.4%
727
-2.7%
748
10.7%
676
-4.1%
705
-0.7%
710
-0.8%
716
-7.5%
773
4.6%
739
67.5%
441
-7.2%
476
-
Net Worth
(INR Cr)
321
-10.9%
360
-0.6%
362
35.3%
268
12.3%
239
3.2%
231
11.7%
207
10.1%
188
17.1%
161
15.6%
139
0.0%
126
14.0%
111
2.0%
108
-2.2%
111
33.2%
83
0.4%
83
-14.6%
Employee Cost
(INR Cr)
157
-11.1%
177
7.8%
164
26.8%
129
6.6%
121
12.4%
108
16.0%
93
2.2%
91
-2.4%
93
10.1%
85
11.2%
76
25.2%
61
30.3%
47
9.6%
43
54.1%
28
16.3%
24
-
Interest Cost
(INR Cr)
59414035373939426069767145262125
Cash & Bank Balance
(INR Cr)
172119321416996836331932
Total Debt
(INR Cr)
622662616380401486520560513564583605664627358392

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues -0.2%5.2%2.9%0.8%2.1%2.2%2.2%2.3%1.1%1.2%0.4%-3.0%0.4%-
Profit As % Of Assets -0.3%9.9%5.1%1.4%3.9%3.5%3.4%4.0%2.2%2.8%0.7%-4.2%0.5%-
Profit As % Of Networth -0.8%26.8%12.3%3.7%12.2%12.2%13.4%16.8%11.4%15.6%4.6%-28.3%2.4%-
Interest Cost to EBITDA % -103.8%19.7%32.4%43.3%34.4%36.0%32.4%37.5%42.8%43.1%47.6%48.0%22.6%42.5%89.3%
Debt to Equity Ratio 1.941.841.701.421.682.102.522.983.204.064.625.466.125.664.304.73
RONW -0.8%30.8%13.0%3.7%12.9%12.8%14.4%18.0%11.4%16.6%4.6%-32.3%2.1%-
ROCE 0.3%4.1%21.7%11.4%6.1%9.0%7.8%9.4%13.8%11.4%15.3%11.1%5.1%13.5%5.2%0.9%