Salem Erode Investments
38.00
-1.65(-4.16%)
Market Cap₹43.61 Cr
PE Ratio-9.55
Company Performance:
1D-4.16%
1M-4.52%
6M-9.52%
1Y-25.49%
5Y+1,819.19%
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More news about Salem Erode Investments
13Aug 25
Salem Erode Investments Reports Reduced Q1 Loss, Revenue Growth
Salem Erode Investments Limited reported improved Q1 FY24 results with a 24.1% reduction in net loss to Rs 98.98 lacs. Total income increased by 14.1% to Rs 110.19 lacs, while revenue from operations grew 14.6% to Rs 108.88 lacs. The company also managed to decrease total expenses by 9% to Rs 209.16 lacs. Full asset cover was maintained for secured debentures through hypothecation of loan receivables and other assets.
02Aug 25
Salem Erode Investments Approves Rs 55 Lakh Debenture Issuance Through Private Placement
Salem Erode Investments Limited (SEIL) has approved the issuance of unlisted secured redeemable non-convertible debentures (NCDs) worth Rs 55 lakhs through private placement. The issue comprises 5,500 NCDs with a face value of Rs 1,000 each, offering 36-month and 68-month tenure options. The 36-month scheme includes monthly interest (12% coupon rate) and cumulative options, while the 68-month scheme offers a cumulative doubling option. The NCDs are fully secured against current assets, loans, advances, and other unencumbered assets, with a minimum security cover of 100%.
Salem Erode Investments
38.00
-1.65
(-4.16%)
1 Year Returns:-25.49%
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