Vishal Fabrics Ltd - Stock Valuation and Financial Performance

Vishal Fabrics, incorporated on October 22, 1985 under the Companies Act, 1956, is promoted by Chiripal Industries and is part of the Chiripal Group, Ahmedabad. It is engaged in the business of dyeing, printing and processing of fabrics of its own and also on job work basis. The company mainly procures Grey Fabric and dyes, prints and finishes the same as per the client’s requirements. The processing unit of the company is based in Narol, Ahmedabad in state of Gujarat. The plant has the capacity to print, dye and process wide range of fabrics i.e. cotton, polyester, viscose and man-made & blended fabrics suitable for men’s wear, women’s wear, home furnishing and many other applications. In addition, the company has recently started designing its own range of women wear, especially in lycra fabric for domestic sale. The company intends to gradually increase the scale of its designs. The company develops the designs as per the demand and trends of the customers.

The company was initially engaged in trading of fabrics. Though the company was incorporated in 1985, its activities were almost dormant till the year 1999. During the year 1999-2000, it took over the units of associate concerns, Bhushan Petrofils and Prakash Calender; both located at Narol, Ahmedabad, on lease basis and started the processing of fabrics. Over the years, with a view to expand the installed capacity and broad base the market of its products, the company put up its own Plant & Machinery.

In the year 2003, it set up a captive power plant for production of 2.3 MW power to improve productivity in processing plant. In the year 2005, it increased its processing capacity by installing the Wider Width Unit, which enabled it to process fabrics of up to 120 inch width. In the year 2011, the company further enhanced its processing capacity by setting up a Continuous Bleaching Range (CBR) unit. The CBR unit processes up to 80,000 meters of fabric per day as compared to 2,000 - 8,000 meters fabric in other machines.

Awards & Achievements:

The products processed in the company’s units has been certified by the Oeko-Tex Standard 100 signifying that its products i.e. White, Disperse Dyed and Printed 100% Polyester fabrics meet the human-ecological requirements, Further, the products fulfill the requirements of Annex XVII of REACH (including the use of azo-dyes, nickel, etc) as well the American requirement regarding total content of lead in children’s articles. This certificate has a yearly validity and the company has applied for renewal of the same on April 04, 2014.