DE Nora India Ltd

DE Nora India Ltd (DENORA)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return41.12 %
3 Month Return69.13 %
1 Year Return130.56 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 73
Rank 73
Rank 74
Dividend Yield
Rank 46
Rank 49
Price To Book Ratio
Rank 63
Debt To Asset
Rank 74

Company Information

Titanor Components TCL was incorporated in Jun.89 and commenced business in Nov.89. It was promoted by Kamljit Singh and Krishan Mohan Khanna and is currently managed by chairman Franco Ladavas. It has a technicalcumfinancial collaboration with Oronzio De Nora group Italy 40 stake. The company came out with a rights issue in Aug.92 aggregating Rs 6.5 cr to finance a new plant at Goa and working capital requirements. It manufactures coated metal electrodes water electrolysers electrochlorinators cathodic protection systems catering to the chloralkali industry. The company had acquired the metal anode division of Wimco in Nov.89. In 199596 the company shut down one of its plant at Rampur UP as part of its cost reduction exercise. During 199697 the companys electrochlorinator product seaclor mac has received acclaim from concerned authorities in the state of Gujarat Maharashtra Tamilnadu Goa and Pondicherry. The company has been entrusted with additional responsibility of handling cathodic protection business in FarEast and Australia by the De Nora Group. The company is also in the process of preparing documentation for ISO 9002 certification.The companys new marketing strategies for the new products has given positive results during the year 19992000 but its full impact will be felt in the forthcoming years.The recessionary trend in the economy and particularly in the chlor alkali industry continued during the year 200001. However currently the chlor alkali industry is showing signs of improvement and the company is expected to perform better in the next financial year.The company has technical collaboration with M/s Oronzio De Nora International B.V. The Netherlands for Ion Exchange Membrane Electrolysers for ChlorAlkali industry Water Eletrolysers and Electrochlorinators for Water treatment and with M/s Oronzio De Nora S.A. Switzerland for Cathodic ProtectionAnti corrosion Systems.The company has successfully adopted the technology of SeaclorMac through a continuous interaction with foreign collaborator. The company now has five standard models namely Seaclor Mac50 Seaclor Mac100 Seaclor Mac500 Seaclor Mac1000 Seaclor Mac2000.The company has also adopted the technology for the manufacture of Lida Anodes in different configurations for Cathodic Protection System.
OrganisationDE Nora India Ltd
IndustryCapital Goods-Non Electrical Equipment