What we do Damodar Industries Limited manufactures synthetic blended and fancy yarns, specializing in cotton and blended yarns for textile and home textile industries. |
Founded in 1,987 |
Market share One of the largest manufacturers in India's fancy and blended yarn sector with strong market presence and stable customer relationships. |
Problem solved Provides high quality, value-added yarns addressing demand for specialty yarns in home textiles and sweaters. |
Top clients or who we serve Serves textile manufacturers and home textile industries; primarily B2B clientele. |
Key management - |
Our journey and innovations Started in 1987 as Damodar Threads; expanded capabilities with advanced machinery like 1420 Rotors and Italian machines to produce specialty yarns. |
Where we operate Primarily India with manufacturing plants in Maharashtra and Union Territories. |
Top products or what we offer Specialty open end yarns, fancy blended yarns, value-added cotton yarns for apparel and home textile sectors. |
Top brands - |
Raw materials needed Cotton and synthetic fibers for yarn production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical with dependency on textile industry demand and raw material prices. |
Our industry position Strong market position among Indian yarn manufacturers with extensive production capacity. |
Financial highlights FY 2024-25 revenue Rs. 421.44 crores; net profit Rs. 5.4 crores amid challenging commodity and supply chain environment. |
Geographical revenue split - |
Order book - |
Whats driving growth Investment in advanced machinery, expanded production capacity, R&D in specialty yarns, and government subsidies. |
Our future plans Focus on product innovation, enhanced mechanization, and improving productivity to stabilize operations and profitability. |
Our green promise - |
Our people and values Emphasizes compliance, corporate governance, and sustainable operational practices; no reported cases of workplace harassment. |
Key challenges ahead Raw material price volatility, supply chain disruptions, and regulatory changes affecting textile industry. |
Interesting facts Installed 44016 spindle machines in Amravati plant worth Rs. 196 crores in FY 2019 to boost capacity. |
Risks and strategy Mitigate operational and regulatory risks with robust risk management policies and adherence to compliance standards. |
