Company : PORWAL AUTO COMPONENTS LTD
Industry : Auto Parts & Equipment
The company was incorporated in 1992 as an ancillary of EICHER MOTORS LIMITED now
VE Commercial Vehicles Limited ( A joint venture of VOLVO Group and EICHER MOTORS).
The Products are categorized under Automotive part, Earth moving, Locomotive and Heavy Engineering Motor cycle parts.
The Company is involved in the manufacture of a variety of Ductile Iron, Grey Cast Iron Steel and Steel Alloy Casting Components and Subassemblies.
The Company caters to the various sectors including Automobile, Engineering, Pumps and Valves, Agriculture and Tractor Equipments, Construction Equipments, Machine Tools, Railways etc.
Company is backed by good management Eicher and Volvo
Both Topline and bottom line are in steady growth as they few new clients
NP doubled 2. 23 cr (2016) vs 1.12 cr (2015)
Started providing dividends -Recommended Dividend of Rs. 0.3 per Equity share (3%) for the Financial Year ended March 31, 2016, subject to the Approval of the shareholders at the ensuing 24th Annual General Meeting of the Company.)
BHEL & Indian Railways are the clients from government sector
Company also set up solar power generation unit at village Kadodiya, Tarana Dist. Ujjain M.P. for
KEY RISK AREAS:
Currently Depends more on Parent company orders, started focusing on getting orders from other clients.
Automotive sector’s revenue is generated primarily by sales of vehicles, parts and accessories.
Having only one unit as of now and Research & Development activities are being carried out as part of the Company’s normal business activities.
Current Promoters shareholding is 37 %
Its listed only in BSE as of now.
I am invested small amount in this company.
Am not SEBI registered advisor