Machino Plastics Ltd

Machino Plastics Ltd (523248)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-3.44 %
3 Month Return-1.94 %
1 Year Return30.37 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 41
Rank 41
Rank 44
Dividend Yield
Rank 18
Rank 90
Debt To Asset
Rank 44

Company Information

Machino Plastic MPL a joint venture between M D Jindal 31 Maruti Udyog 15.5 and Suzuki Motors Japan 15.5 was set up in 1987 with two injection moulding machines. MPL manufactures bumpers instrument panels and radiator grills primarily for Maruti. Its principal customer Maruti Udyog plans to increase its production of cars to 275000 in 199596 and to 330000 in 199697. As a single source supplier MPL will meet this increasing demand by adding one more 1600tonne machine in 199596.The company is also setting up a plant for backward integration to manufacture engineering plastics for captive as well as external demand. The capacity of 4000 tpa in the first phase will be upgraded to 10000 tpa. For this MPL has entered into a technical collaboration with Himont Incorporated US.During the year 19992000 the company has been chosen for supply of bumpers and dashboards for WagaonR a new model introduced by Maruti Udyog.By choosing the sole supplier of bumpers and dashboards for WagonR the company has acquired moulds for these new models on lease from ICICI and SBI leasing.The total value of these moulds is about Rs.32 crores.
OrganisationMachino Plastics Ltd
IndustryPlastic products