Integra Engineering India Ltd
INTE

Integra Engineering India Ltd (505358)

₹62.759.99%

Key Stats

₹56.55
Day's Price Range
₹62.75
₹52.55
52-Week Price Range
₹108.5
1 Month Return-12.91 %
3 Month Return-15.24 %
1 Year Return-15.42 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 194
23.25
EPS
Rank 252
₹2.46
BVPS
Rank 392
₹12.73
Dividend Yield
Rank 184
ROE
Rank 92
23.3%
Price To Book Ratio
Rank 238
4.49
Debt To Asset
Rank 380
0.38

Company Information

Schlafhorst Engineering SEL formerly known as Padmatex Engineering was incorporated in 1981 to manufacture and market textile machinery. SELs manufacturing units are located at Baroda and Halol Panchmahal district both in Gujarat. The company has a collaboration with Schlafhorst Germany which is a subsidiary of the Switzerlandbased Saurer group. Schlafhorst increased its equity stake in Padmatex Engineering to 55.52 and renamed it Schlafhorst Engineering. The increase in collaborators stake is a part of Saurers global strategy to create a wider base for manufacturing plants in the rapidly growing Asian markets. Mafatlal Industries holds an 11 equity stake in the company.SEL which manufactures automatic winding machines for the textile industry has been facing stiff competition from international manufacturers. Textile manufacturers have been opting for imports of secondhand automatic winding machines which work out to be cheaper. Moreover there is a flood of automatic winding machines from Japanese manufacturers. Gujarat Textronics is the subsidiary of SEL. The company has introduced a new model Autoconer 238 which has received a good market response.Due to the reduction in the consumption of textiles the Vadodara factory closed from 01.05.1999 after implementing VRS and trasferring the remaining employees to Halol. Also during the year 1999 the company has been declared as a Sick company by the BIFR and ICICI its operating agency proposes to submit a revival plan shortly.Assuming that the insitiutions will support the company and the Governemnt of Gujarat would grant Vadodara property zone change from industrial to commercial/residential a revival proposal has been submitted to ICICI in Jul.00 to enable them to finally prepare a rehanilitation scheme and submitting it to BIFR.
OrganisationIntegra Engineering India Ltd
Headquarterspanchmahal
IndustryTextiles