Artech Power Products Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 17
Rank 17
Rank 26
Dividend Yield
Rank 11
Rank 36
Price To Book Ratio
Rank 18
Debt To Asset
Rank 26

Company Information

413005/02/96ASHOK Artech Power Products Ltd The Company was incorporated on 15/09/1989 with the Registrar of Companies Kerala at Cochin and obtained the Certificate of Commencement of Business on 08/11/1989.KSIDC Ltd. identified Switch Mode Power Supplies SMPS as a feasible project based on preliminary study conducted bu it and signed a Memorandum of Understanding with Mr. I V Vijayan the main promoter for jointly promoting the industrial venture. The Company applied for and obtained a Letter of Intent for the manufacture of 75000 numbers of SMPS of various ranges per annum. The Company entered into a Memorandum of Understanding with M/s Tectrol Inc. Toronto Canada for technical and financial collaboration. On account of the financial and other internal problems of Tectrol Inc. the Company backed out of the joint venture proposal.The Company later identified M/s Astec America Inc. who are the worlds largest vendor of merchant power supplies as the technical collaborator and signed an MOU with them on 19thn April 1993. Reserve Bank of India RBI gave its approval for the collaboration vide letter no.EC CO FITT 623/A929293 dated 2nd June 1993. The final aggreement with Astec was executed on 3rd November 1993 for manufacturing license and technical collaboration for a range of SMPS upto 500 W and for exclusive distributorship of Astecs other products upto 3000 W in India Bangladesh Pakistan and Sri Lanka.During the year 199798 the company has achieved marginal increase is sales of SMPS from 25363 Nos in previous year to 28757 Nos in current year. Due to overall slump in the market and the dumping of imported materials at very low prices the sales as also the price realisation and contribution of your companys products have been adversely affected impacting the viability of operations and resulting in continuing losses.
OrganisationArtech Power Products Ltd
IndustryConsumer Durables