Birla Precision Technologies Ltd
BIRL

Birla Precision Technologies Ltd (522105)

₹47.41.71%

Key Stats

₹45.55
Day's Price Range
₹48.2
₹12.07
52-Week Price Range
₹73.15
1 Month Return45.17 %
3 Month Return47.93 %
1 Year Return224.06 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 110
18.13
EPS
Rank 165
₹2.57
BVPS
Rank 215
₹18.12
Dividend Yield
Rank 133
ROE
Rank 185
9.94%
Price To Book Ratio
Rank 123
2.57
Debt To Asset
Rank 188
0.46

Company Information

Birla Precision Technologies Ltd is an Indiabased company. The company is engaged in the business of manufacturing of a wide range of precision AT3 Class tool holders HSK tooling Expanding Mandrels and Sleeves besides advanced products like hydro grip and shrink fit CMC tooling. The company is having their manufacturing facility located at Aurangabad.Birla Precision Technologies Ltd was incorporated on October 13 1986 with the name Birla Erickson Tools Ltd. In December 1989 the name of the company was changed to Birla Kennametal Ltd. The company was established as the joint venture between Birla International Pvt Ltd a Yash Birla Group and Kennametal Inc USA. The company set up a manufacturing unit for producing Machine Tool Accessories at Aurangabad with a production capacity of 50000 Nos and in January 1989 the unit commenced commercial production. During the year 199899 the company increased the production capacity of Machine Tool Accessories by 50000 Nos to 100000 Nos.During the year 19992000 the company was appointed as Distributors for marketing entire range of Kennametal toolings in India. During the year 200001 the company developed new generation HSK tooling which has good potential market in Europe. During the year 200102 they were successfully recertified for their quality standard and were awarded ISO 9001:02 Certification. During the year 200607 the company converted their existing Tool Holder and Work Holding manufacturing section into an 100 Export Oriented Unit with effect from June 1 2006. Shearson Investment Trading Company Pvt Ltd a Yash Birla group company purchased 1420000 equity shares of the company from Kennametal Inc USA whereby the shareholding of the Yash Birla group in the company increased to 88.48. As a consequence to this the joint venture agreement between Kennametal Inc and Birla International Pvt Ltd a company of Yash Birla Group came to an end. Also the company entered into an agreement with Kennametal Inc USA for supply of their products to Kennametal Inc and their subsidiaries worldwide for a period of 5 years starting July 4 2007 in order to ensure continuity of the existing export business.During the year 200708 the company expanded their production capacity of Rotating Tool Holder from 10000 Nos per month to 18000 Nos per month and Collets from 1000 Nos per month to 15000 Nos per month to meet the increasing demand of domestic market as well as of overseas market. In November 20 2007 the name of the company changed from Birla Kennametal Ltd to Birla Precision Technologies Ltd. During the year 200809 the company diversified into the new business of manufacturing / machining of auto and precision components at Aurangabad. Also Indian Tool Manufacturers a division of Zenith Birla India Ltd merged with the company with effect from April 1 2008.The company plans to expand their capacity by making an investment of approximately Rs 4 crore for adding machinery for manufacturing their product namely Collet.
OrganisationBirla Precision Technologies Ltd
HeadquartersMumbai
IndustryCapital Goods-Non Electrical Equipment