Shankarlal Somani - Sumeet Industries Executive Chairman

SUMEETINDS   97.80  0.00  0.00%   

Chairman

Shankarlal Somani is Executive Chairman of Sumeet Industries Limited
Age 70
Address 504, Trividh Chambers, Surat, India, 395002
Phone91 26 1232 8902
Webhttps://www.sumeetindustries.com

Sumeet Industries Management Efficiency

The company has return on total asset (ROA) of (0.0911) % which means that it has lost $0.0911 on every $100 spent on assets. This is way below average. Sumeet Industries' management efficiency ratios could be used to measure how well Sumeet Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of now, Sumeet Industries' Other Current Assets are decreasing as compared to previous years. The Sumeet Industries' current Total Current Assets is estimated to increase to about 3.7 B, while Net Tangible Assets are forecasted to increase to (451.6 M).
Sumeet Industries Limited has accumulated 4.9 B in total debt. Debt can assist Sumeet Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Sumeet Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sumeet Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sumeet to invest in growth at high rates of return. When we think about Sumeet Industries' use of debt, we should always consider it together with cash and equity.

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Sumeet Industries Limited (SUMEETINDS) is traded on National Stock Exchange of India in India and employs 608 people. Sumeet Industries is listed under Textiles, Apparel & Luxury Goods category by Fama And French industry classification.

Management Performance

Sumeet Industries Leadership Team

Elected by the shareholders, the Sumeet Industries' board of directors comprises two types of representatives: Sumeet Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sumeet. The board's role is to monitor Sumeet Industries' management team and ensure that shareholders' interests are well served. Sumeet Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sumeet Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Sumeet Somani, MD Director
Pratik Jaju, MD Director
Naresh Joshi, Personnel Officer
Abhishek Prasad, Chief Officer
Anil Jain, Company Officer
Radheyshyam Jaju, Executive Chairman
Shankarlal Somani, Executive Chairman

Sumeet Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sumeet Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Sumeet Stock

Sumeet Industries financial ratios help investors to determine whether Sumeet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sumeet with respect to the benefits of owning Sumeet Industries security.