Alang Marine Ltd

Key Stats

₹1.55
Day's Price Range
₹1.55
₹0
52-Week Price Range
₹1.55

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 266
EPS
Rank 266
BVPS
Rank 302
Dividend Yield
Rank 134
ROE
Rank 315
2.27%
Price To Book Ratio
Rank 238
Debt To Asset
Rank 297

Company Information

Incorporated in Aug93 Alang Marine is primarily engaged in ship repair shipbuilding and shipbreaking. The company started by acquiring the Gogha Shipyard an existing division of Chowgule and Company which was engaged in ship building activities for a consideration of Rs 92 lac. Company is lead by Ramzanali A Asaria as chairman Debashis Bir and Maheboob R Asaria as managing directors.In 1994 a promoter Maheboob R Asaria disinvested a part of his holding to get the companys shares listed on the stock exchanges. The company came out with a public issue in Jan.96 to partfinance the expansion of its ship repair capacity. The project envisages upgradation of the companys existing slipway system by providing a synchronised ship lift docking and transfer system. The new ship repair complex will have the facility to repair ships of upto 3500 tonnes lifting capacity TLC or 10000 dwt. The existing facility is suitable for ships of upto 1500 TLC or 4000 dwt. The design allows it to augment the capacity of the ship lift to 6500 TLC equivalent to ships of upto 18000 dwt. The slipway is primarily a 135mtrlong incline concrete structure with a set of rails. The ship is docked on a set of cradles and pulled up along the rails with the help of a winch.
OrganisationAlang Marine Ltd
HeadquartersBhavnagar
IndustryShip Building