India Radiators Ltd

India Radiators Ltd (505100)


Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 459
Rank 464
Rank 529
Dividend Yield
Rank 186
Rank 592
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

India Radiators Ltd formerly known as Rayale Corporation Mysore Limited was incorporated on 5 January 1949. The Company is currently engaged into the business of sub assembly of automotive components. The Company mainly operates from two places i.e. Chennai and Pondicherry. But since there are no operations taking place in Chennai the Pondicherry unit is currently confined to job works. The Company made profits upto 1997 thereafter from 1998 it incurred losses. The net worth of the Company became negative as on September 1999. It was declared Sick by BIFR as per section 31 o of the Sick Companies Special Provisions Act 1985 during July 2000. The Draft Rehabilitation Scheme DRS filed by the Company under Sick Industrial Companies Act of 1985 SICA was under consideration of Board for Industrial and Financial Reconstruction BIFR till the Act was repealed in 2016.The Company had identified an investor to infuse funds in the Company for settlement to workers Statutory Authorities Banks and other Financial Institutions and now has become a subsidiary of Mercantile Ventures Limited pursuant to the second proviso to section 47 of the Companies Act 2013.
OrganisationIndia Radiators Ltd
IndustryAuto Ancillaries