September 08, 2009

SIL Investments Limited ( Sutlej Cotton Mills Limited )

Presently, SIL Investments Limited ( Registered Office : Pachpahar Road , Bhawanimandi ( Rajasthan ) is an investment company of KK Birla group.

SIl Investments Limited was incorporated in 1934 , under Ghansham Das Birla as Sutlej Cotton Mills Limited. It put up a composite textile unit at Okara ( now in Pakistan ). In 1947 Sutlej Cotton Mills Limited 's Okara factory was seized by Pakistan Government as enemy property.

On 01-07-09, the textile and fabrics units were demerged into a new company , Sutlej Textiles Limited ( listed separately ).Original Sutlej Cotton Textiles Limited , then , became SIL Investments Limited ( SIL = Sutlej Industries Limited ) an investment company holding promoters' shares and some properties in U.P. and Maharashtra.

SIL Investments Limited 's equity capital is Rs.10.6 crore and its Book Value is around Rs. 120/-per share of Rs. 10 Face Value. It holds promoters shares in blue chip Birla companies like Zuari Industries Limited ; Chambal Fertilisers & Chemicals Limited ; Upper Ganges Sugar & Industries Limited and Oudh Sugar Limited and some properties in U.P and Maharashtra.

SIL Investments Limited's hidden worth can be judged from the fact that on a Book Value of around Rs. 80 crore the market value of quoted shares was Rs,186 crore on 31-03-09 ( Rs, 240 crore on 31-03-08 ).

Net profit for the year ending 31-03-09 was Rs. Seven and Half crore. Dividend payout was 10% indicative of a conservative policy.

Number of Shareholders : around 4750

Status : Listed at Bombay Stock Exchange and NSE -Fairly liquid- Traded Daily ( 96% shares held by shareholders in Demat ).

Closing Share price on 08-09-09- Rs. 85.

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