MPIL Corporation Ltd

MPIL Corporation Ltd (500450)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-16.89 %
3 Month Return8.24 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 404
Rank 420
Rank 457
Dividend Yield
Rank 112
Rank 290
Price To Book Ratio
Rank 297
Debt To Asset
Rank 39

Company Information

Mather Platt India a member of Manu Chabrias Jumbo Group was originally promoted jointly by Mather Platt UK and Greaves Cotton in Aug.59 to set up a manufacturing facility to produce calenderbowls for the textilie industry. Later it expanded its business operations and became one of the major player in the process machinery manufacturing in India. It has also into manufacturing of pumpscentrifugal and Fire protection Installations.To give more focus on each of this three areas of business the company has demerged the pumps division and fire protection installation division into separate companies under the name of Mather Platt Pumps Ltd and Mater Platt Fire Systems Ltd. respectively. The Scheme was also duly approved by the Hble High Court of Mumbai. After this demerger the company has became a fully process machinery manufacturers and it mainly caters to Textile industry and food processing industry. Its product offering includes textile finishing machinery sizing machinery stenter clips Calender Bowls Calender Machines and food processing canning machinery. The company originally promoted as a private limited company turned public subsequent to its maiden public offer made in April 1961. In June 1978 Greaves Cotton transferred its entire shareholding of 40 in the company to Mather Platt UK. Subsequent to this development Mather Platt UK has transferred and vested all its other business interests in India to Mather Platt India Ltd. Again in June 1979 the company was converted as a public limited company. To reduce the foreign shareholding in the company to 40 MPIL went public again in March 1990. During the year 199596 various new products were introduced like lime oil extraction plant chilli processing mushroom processing canning etc.The company is keep expanding the product offerings and it has increased the installed capacity of centrifugal pumps to 3079 nos. in 199899 and it have also entered into an technical collaboration with Boop Reuther Germany for manufacturing Valves at par with the international standards.
OrganisationMPIL Corporation Ltd