Gorani Industries Ltd

Gorani Industries Ltd (531608)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return82.13 %
3 Month Return107.43 %
1 Year Return619.75 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 17
Rank 17
Rank 26
Dividend Yield
Rank 11
Rank 13
Price To Book Ratio
Rank 18
Debt To Asset
Rank 26

Company Information

Incorporated as a public limited company in Mar.95 Gorani Industries GIL was promoted by the Gorani family of Indore who are engaged in the manufacture of kerosene wick stoves under the popular Nutan brand name. The company is setting up an unit for the manufacture of kerosene wick stoves and LPG stoves at Indore Madhya Pradesh. It came out with a public issue in Feb.96 to partfinance its project.The product has been initially developed by the Indian Oil Corporation and the Indian Institute of Petroleum after long research and development. It has 25 30 fuel saving capacity as compared to other conventional stoves. The product developed by IOC is sold under the Nutan brand name for which licences have been given to various manufacturers to market the stoves. There are 14 manufacturers of Nutan stoves in the country. Super Steel Manufacturing Company Pvt Ltd an associate of the company is one among them with the largest capacity of 2000 pd. Based on the demand for the stove the company has also taken up the production of the Nutan stoves along with the LPG stoves.The promoters of the company have already developed a wide distributor / dealer network in Madhya Pradesh Rajasthan Gujarat and Maharashtra and are in the process of appointing market intermediaries in Karnataka Kerala Tamilnadu Andhra Pradesh Uttar Pradesh and Orissa. The company also proposes to export its products.
OrganisationGorani Industries Ltd
IndustryConsumer Durables