Ambika Cotton Mills (AMBIKCO) is a manufacturer of cotton yarn. It was incorporated as a private limited company on Oct. 6, 1988 and got converted into a public limited company on Sept. 5, 1994. The company has four manufacturing units in Dindigul, Tamil Nadu. In FY07, the company set up its fourth unit with an installed capacity of 43,200 spindles including doubling of yarn for 9,600 spindles along with back processing machinery in a separate plant at an estimated cost of INR 1,406.3 million.
The company has increased its compact facility in Unit II by 6,720 spindles at an estimated cost of INR 33.1 million. The total production capacity would increase to 110,000 spindles in phases starting with operations at unit IV from June 2007. Of this, the compact facility would constitute 83,000 spindles representing 75.45% of the total installed capacity. The additional doubling of yarn facility would provide the required flexibility in product range. The installed wind power capacity of the company stands at 13.8 MW with the setting up of 800 KW capacity in FY07.
The company`s clientele consists of well-reputed manufacturers engaged in manufacturing shirts/knitwear products both in the domestic and international markets. Approximately 45% of products are exported directly to Taiwan, Hong Kong, Turkey, China, Korea, Singapore, Israel and Egypt and through merchant exporters to Peru, Italy, and Germany among other countries. The registered office of the company is located at 9-A, Valluvar Street, Sivanandha Colony, Coimbatore-641012, Tamil Nadu. Financials The company disclosed rise of 190.73% in standalone net profit on y-o-y basis to Rs 150.60 million, while total income increased 60.98% y-o-y basis to Rs 883.00 million for the quarter ended December 2010.
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