Bagalkot Udyog Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 395
Rank 413
Rank 436
Dividend Yield
Rank 111
Rank 688
Price To Book Ratio
Rank 291
Debt To Asset
Rank 14

Company Information

Kanoria Industries KIL formerly Bagalkot Udyog was incorporated on 21 Dec.48. The cement plant was set up at Bagalkot Karnataka. The company was renamed BUL on 1 Jan.71 and again as Kanoria Industries in 1989. KIL currently belongs to the B K Kanoria group. At present A K Kanoria is the chairman and managing director. The company came out with a public issue in Aug.88 to partfinance the optimisation plan of the cement division and normal capital expenditure and also to augment longterm resources. The company has interests in communications fibre cement pressure pipes and sheets and titanium dioxide. Its products include cement sugar and industrial gases. Its subsidiaries are Kanoria Mercantile and Sanathan Investments. It undertook an expansioncumdiversification plan in 1980. In 1986 Girnar Pratisthan was amalgamated with BUL. In 199596 the company had taken effective steps for the proposed expansion of its cement manufacturing capacity from 3.30 lac tpa to about 8 lac tpa. In order to make adequate arrangement of lime stone for the expanded capacity the company has entered into an agreement in Apr.95 with Mysore Minerals for the transfer of three mining leases. The company will proceed with the expansion of capacity once the mining leases stand transferred. The company is now in the process of acquiring the mining leaseland. Once the land acquisition is over then the company will be able to implement its modernisation cum expansion plans.During the year 199899 the company has become a Sick Industrial Company due to erosion of its net worth. It has been forced to curtail production of clinker and cement due to falling prices and rising cost. BIFR has appointed IDBI as the operating agency to formulate a rehabiliation scheme.
OrganisationBagalkot Udyog Ltd