Sumeet Industries Limited manufactures and sells polyester chips and polyester yarns in India. The company provides pet chips, polyester and textile grade chips, as well as partially oriented, fully drawn, polyester texturized yarn, micro filament yarn, dope dyed yarn and textile grade chips. It exports its products to Egypt, Saudi Arabia, China, Argentina, Poland, Portugal, Morocco, Columbia, Bangladesh, Russia, Ethiopia, Mexico, Nepal, Brazil, Peru, Algeria, Thailand, the United States, Singapore, and Turkey, etc. The company was formerly known as Sumeet Synthetics Limited and changed its name to Sumeet Industries Limited in 1996. Sumeet Industries Limited was incorporated in 1988 and is based in Surat, India.
Research context
Sumeet Industries Limited appears in PyInvesting’s India Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- INR
- Sector
- Consumer Cyclical
- Industry
- Textile Manufacturing
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5 years, 6 months ago
Sumeet Industries Limited is currently in a long term uptrend where the price is trading 142.2% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Consumer Cyclical sector with a price to sales ratio of 0.1.
Sumeet Industries Limited's total revenue rose by 9.0% to $2B since the same quarter in the previous year.
Its net income has increased by 132.2% to $56M since the same quarter in the previous year.
Based on the above factors, Sumeet Industries Limited gets an overall score of 4/5.