Amrit Corp Ltd

Key Stats

Day's Price Range
52-Week Price Range
3 Month Return2.5 %
1 Year Return27.28 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 93
Rank 93
Rank 49
Dividend Yield
Rank 7
Rank 85
Price To Book Ratio
Debt To Asset
Rank 38

Company Information

Amrit Banaspati engaged in the manufacture of vanaspati since its inception diversified its activities by putting up a minipaper plant in 1978. The paper unit uses only agro wastes like wheat/rice straw to manufacture quality printing and writing paper. Over the years refinedoil units margarine plants and washing soap units have also been added to its two vanaspati plants. The food division of the company processes and packs dairy milk and soya milk in aseptic packs.In 1986 the company promoted Amrit Protein Foods APFL to produce soya milk soya beverages and other soya products. APFL was amalgamated with the company in Sep.91.A modernisationcumupgradation scheme of the singlestage bleach pulp mill to a 120tpd multistage bleach pulp mill at the paper plant and the installation of certain equipments to improve productivity and reduce water and power consumption in the vanaspati plants was implemented in 19931994. The paper mill was registered by the Ministry of Industry Government of India as a paper mill producing newsprint in Aug.93.The first company to install the latest Sharples continuous refining plant in 1962 which reduced the processing cost and improved the quality of vanaspati it has established itself well in the vanaspati market. One of the largest manufacturers of a variety of edible oils mustard groundnut sunflower soyabean ABCs products are marketed under the brand names Gagan vanaspati Ginni edible oils Merrigold table margarine and Bansari. It also markets the Uncle Chipps brand of potato wafers manufactured by Amrit Agro Industries an associate company.In 19992000 the company has been declared as a sick industrial company by the BIFR and has appointed IFCI as the operating agency. The growth in the dairy division is linked with the growth of Mcdonalds operations in India as they have plans to substantially increase their presence in the Indian market. During 200203 the company made a turnaround and the networth turned positive and stands at Rs.2480.18 lacs. The operations improved substantiallylower interest burden and extraordinary income arising out of written back of interest other dues of the FIs.
OrganisationAmrit Corp Ltd