Sarla Performance Fibers

SPFL is a leading exporter of high tenacity polyester and nylon yarns, having plants in India (Vapi, Silvassa) and Central America (through JV in Honduras). Over the last 15 years, SPFL has exported yarns worth Rs 5.95bn. In FY10, SPFL achieved revenue of Rs 1.31bn, cash profit of Rs 0.17bn and paid a dividend of Rs 3.5 per share. SPFL is promoted by Madhusudan Jhunjhunwala and Krishna Jhunjhunwala. The Jhunjhunwala family holds 63% in SPFL and the balance is held by public. SPFL stock has a face value of Rs10 and is listed on the Bombay Stock Exchange and the National Stock Exchange with a market capitalization of Rs 1078 mn as on 10 November, 2010.