PTL Enterprises Ltd
PTL Enterprises Ltd (PTL)

PTL Enterprises Ltd (PTL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-1.47 %
3 Month Return-1.47 %
1 Year Return29.25 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 463
Rank 467
Rank 446
Dividend Yield
Rank 127
Rank 120
Price To Book Ratio
Debt To Asset
Rank 457

Company Information

Incorporated in 1959 Premier Tyres PTL is managed by Chairman O S Kanwar. PTL manufactures automobile tyres flaps and belts. Its manufacturing unit is located at Ernakulam Kerala.The company was declared a sick unit by the Board for Industrial and Financial Reconstruction BIFR and under a rehabilitation scheme prescribed by the Board PTL was taken over by Apollo Tyres in 1995. This involved Apollo subscribing to Premiers additional equity of Rs 10 cr at par. The authorised capital of the company has increased from Rs 4 cr to Rs 14 cr and its registered office shifted from Mumbai to Cochin. According to the BIFR order Apollo will operate Premiers plant on an irrevocable lease of 8 years and pay a total lease rental amounting to Rs 45.50 cr to Premier Tyres. Apollo will lift the entire production of Premier and sell the same under the Apollo brand name.
OrganisationPTL Enterprises Ltd