Cimmco Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 18
Rank 18
Rank 22
Dividend Yield
Rank 10
Rank 8
Price To Book Ratio
Rank 16
Debt To Asset
Rank 22

Company Information

Incorporated in Sep.43 as a public limited company under the name Texmaco Gwalior the company was renamed Cimmco in Dec.85. Xpro India Cimmco Spinners and Indian plastics were amalgamated with the company and its name was subsequently changed to Cimmco Birla in Oct.94. The company was promoted by G D Birla. At present Siddharth Birla is the chairman and Sushil K Jain is the executive director of the company.CBL is engaged in the manufacture of textile machinery and accessories steel castings railway wagons cotton yarn coextruded plastic sheets thermosetting plastics etc. It came out with a rights issue of 40.4 lac equity shares at a premium of Rs 50 each aggregating Rs 24.24 cr. The funds were raised to standardise and rationalise manpower levels and work methods commensurate with operations and to augment longterm resources for working capital requirements and normal capital expenditure.The New Sheet Line was commissioned in April 1996 taking sheet capacity to 7500 MT. The company has reorganised and reconstructed the business of the company by transferring its nonengineering business Xpro India Xpro India Bombay Biax ans Cimmco Spinners divisions to Xpro India Limited XIL in the manner and on the terma and conditions stated in the scheme of Arrangement. In line with the scheme all members of Cimmco Birla Limite will receive 1 Equity Share of Xpro India Limited for every 2 Equity Shares held in the company automatically and with no payment as on December 20 1999.During the year 19992000 the company has procured an export order for wagons worth US 3.2 million from West Asia for manufacture and supply of phosphoric acid tank wagons.
OrganisationCimmco Ltd