Pradeep Metals Ltd
PRAD

Pradeep Metals Ltd (513532)

₹1081.83%

Key Stats

₹106
Day's Price Range
₹108.75
₹70
52-Week Price Range
₹139.5
1 Month Return-4.51 %
3 Month Return7.66 %
1 Year Return36.83 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 33
6.71
EPS
Rank 106
₹16.18
BVPS
Rank 220
₹33.43
Dividend Yield
Rank 24
2.82%
ROE
Rank 229
11.09%
Price To Book Ratio
Rank 155
3.25
Debt To Asset
Rank 81
0.62

Company Information

Incorporated in Jan.82 as a private limited company and subsequently converted into a public limited company in Jan.93 Pradeep Metals PM was promoted by V P Goyal to manufacture closeddie steel forgings inst. cap. : 1200 tpa. Commercial production started in Jul.83 at Dombivli Thana district Maharashtra. In 198990 the company expanded its capacity to 2400 tpa for forged components in the 500 gm to 8 kg weight range used mainly in the automobile industry. It came out with a public issue in Jan.94 to set up a 12000tpa unit for press forgings to produce precision parts in the 50 gm to 40 kg weight range which find application in the defence engineering petrochemicals sectors.The expansion programme started in Oct.94 delayed by eight months as the plant and machinery arrived late at the site on account of customs problems. The plant at Dombivli cap. : 2400 tpa which used the hammer approach in forgings have been closed in 2000 due to low production and huge losses. The company is also in the process of implementing Enterprise Resource PlanningERP system and the system is under trials and will be operational by December 2001. During 200001 the company had issued 19800 10 Optionally Convertible Cumulative Redeemable Preference Shares of Rs.100/ each aggregating Rs.1980000 to ICICI Ltd as a part of One Time Settlement.The company made a reference to BIFR and the board has not yet yield any hearings in the case.
OrganisationPradeep Metals Ltd
HeadquartersNavi Mumbai
IndustryCastings, Forgings & Fastners