Coromandel Engineering Company Ltd

Coromandel Engineering Company Ltd (533167)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-13.58 %
3 Month Return14.14 %
1 Year Return14.71 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 197
Rank 197
Rank 123
Dividend Yield
Rank 44
Rank 177
Price To Book Ratio
Debt To Asset
Rank 89

Company Information

Coromandel Engineering Company Ltd is a 64 years old construction company of the USD 3.8 billion Murugappa Group. The company is one of Indias oldest and respected business houses having pioneered several novel engineering techniques and was the first to introduce preengineered metal building system in India.The company is providers of integrated turnkey construction services and has executed or is executing projects across all states and union territories in India. They provide integrated turnkey construction services in the industrial commercial infrastructure and residential sectors of the construction industry.The company is also into the business of property development with their significant operations in the State of Tamil Nadu. Their business focuses on Real Estate Development of Residential and Commercial sector. They have an integrated inhouse development team which covers all aspects of property development from project identification and inception through construction to completion and sale.Coromandel Engineering Company Ltd was incorporated on September 3 1947 with the name The Coromandel Engineering Company Ltd. Initially the company was engaged in the activities of Civil construction line for construction of factory and other buildings. In April 14 1956 the name of the company was changed to The Coromandel Engineering Company Pvt Ltd. In the year 1959 the company built 14 storey LIC Building on Anna Salai Chennai which is one of the tallest buildings in South India. In November 5 1975 the company was converted into a public limited company and the name was changed to The Coromandel Engineering Company Ltd. The companys shares were listed on Madras Stock Exchange Ltd MSE since January 1976.During the year 198788 the company ventured into the business of property development and constructed many premium apartments in Chennai. Also they constructed landmark commercial buildings in Bangalore like Unity Building Hotel Holiday Inn and Windsor Manor. In the year 1995 the company entered into an agreement with Butler U.S.A. for putting up of PreEngineered Metal Building System and erected two Butler prefab building for Ford India.The name of the company was changed from The Coromandel Engineering Company Ltd to Coromandel Engineering Company Ltd with effect from February 24 2006. During the 20062007 Coromandel Holdings and Minerals Ltd CHML the wholly owned subsidiary company was merged with the company with effect from April 01 2006. In the year 2009 the company received the certification for ISO 9001:2008 and OHSAS 18001:2007 from TUV SUD.During the year 200910 the company undertook construction of factory buildings for entities in Sugar Tyre Distillery Cement etc and School Building. They also received orders for civil construction in Power Sector. The company acquired operational plant and machinery and other fixed assets amounting to Rs 140.72 lakh during the year. The companys equity shares were listed on the Bombay Stock Exchange Ltd BSE with effect from March 15 2010. During the year 201011 the company undertook construction of factory buildings for entities across India in Sectors like Chemicals Fertilizer Automobile Power Distillery Cement etc and Residential Apartments and Warehouse. They acquired operational plant and machinery and other fixed assets amounting to Rs 557.13 lakh. As per the agreement entered into by MSE with National Stock Exchange NSE the equity shares of the company were allowed to dealings on the NSE Capital Market Segment with effect from February 2 2011.
OrganisationCoromandel Engineering Company Ltd