Mipco Seamless Rings (Gujarat) Ltd
MIPC

Mipco Seamless Rings (Gujarat) Ltd (505797)

₹6.6--

Key Stats

₹6.6
Day's Price Range
₹6.94
₹6.6
52-Week Price Range
₹8.11

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 58
EPS
Rank 58
BVPS
Rank 65
Dividend Yield
Rank 42
ROE
Rank 78
Price To Book Ratio
Rank 49
Debt To Asset
Rank 65

Company Information

Mipco Seamless Rings Gujarat Ltd was incorporated to manufacture rolled rings for bearing races. It commenced production at the ring rolling mill in April 1982. Its works is situated in Bharuch Gujarat and has installed capacity of 21.30 Millions.In order to widen the range of rings manufactured in the plant the Company undertook to establish facilities for the manufacture of forged combination rings. This new forging line was installed in May 1987. During 198889 the registration certificate was received from Government for the enhanced capacity of rolled rings machined/unmachined for Bearing races to 10 million Nos. During 199192 the Company added certain additional balancing equipments to ease the production bottlenecks. During 199394 the Company installed wind turbines to meet the growing demand for power. Mipco Seiko Bearings Ltd was amalgamated with the company with effect from 1st April 1995. It undertook modernisation of its machinery during 199596 to improve productivity.
OrganisationMipco Seamless Rings (Gujarat) Ltd
HeadquartersBangalore
IndustryAuto Ancillaries