Precot Ltd
NSE: PRECOT BSE: 521184
₹607.35
+31 (5.38%)
Thu, 22 Oct 2026, 06:50 pm
Market Cap (in Cr)691.62
PE Ratio14.25
Dividend0.69
Process Industries
Textiles
24.5KPrecot Ltd Company History
1962
- The company was incorporated as Premier Cotton Spinning Mills Ltd.
1964
- Production of cotton yarn commenced.
1981
- The installed capacity was increased to 50,628 spindles.
1985
- The company name was changed to Precot Mills Ltd.
1991
- A second mill was set up at Kodigenahalli in Andhra Pradesh with an initial capacity of 28,800 spindles.
1992
- The company set up a 100% EOU at Walayar, Kerala with 10,080 spindles and 384 rotors.
- 30,00,000 equity shares were issued, subscribed and paid-up.
1993
- The company undertook a modernisation-cum-expansion programme.
- The company set up an open end project with 1152 rotors.
1994
- The company issued 5 lakh shares to Indian and foreign financial institutions.
- 10,00,000 equity shares were allotted in lieu of warrants.
- 5,00,000 shares were issued to foreign institutional investors.
1995
- The company's open end unit was commissioned in September and reached full capacity in December.
- 15,00,000 rights equity shares were issued in March.
1996
- A fire accident destroyed the cotton and yarn godown in January.
2004
- Precot Mills recommended a dividend of 35%.
2006
- The company increased its authorised share capital to 9 Crores.
- The company name was changed from Precot Mills Ltd to Precot Meridian Ltd.
2007
- The company designated an E-mail ID for investor complaints: [investor.complaints@precot.com](mailto:investor.complaints@precot.com).
2010
- The company recommended a dividend of 50%.
2011
- The company recommended a dividend of 100%.
2013
- Precot Meridian Ltd announced a bonus in the ratio of 1:2.
2015
- The first unit of Precot Meridian Limited completed its 50 years journey successfully.
2020
- The company name was changed to Precot Ltd. from Precot Meridian Ltd.
