Smiths & Founders (India) Ltd
SMIT

Smiths & Founders (India) Ltd (513418)

₹4.724.88%

Key Stats

₹4.5
Day's Price Range
₹4.72
₹0.71
52-Week Price Range
₹10.69
1 Month Return-13.47 %
3 Month Return-18.34 %
1 Year Return455.55 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 20
EPS
Rank 20
BVPS
Rank 22
Dividend Yield
Rank 10
ROE
Rank 20
3.91%
Price To Book Ratio
Rank 19
Debt To Asset
Rank 22

Company Information

Incorporated as a private limited company in Oct.90 Shimoga Technologies Ltd previously known as Shimoga Forge took over the assets and liabilities of a proprietory concern Sahyadri Forge in Apr.92 which was engaged in the manufacture and sale of steel forgings. The company became a public limited company in May92. SFL is engaged in the manufacture and marketing of steel forgings with an installed capacity of 450 tpa with its manufacturing unit located at KSSIDC Industrial Estate Shimoga Karnataka. SFL was promoted by chairman and managing director S Suresh a qualified metallurgist and specialist in forging technology. It came out with a public issue of 31 lac equity shares at par aggregating Rs 3.10 cr in Jan.93. The proceeds of the issue were utilised to partfinance a Rs 4.32cr project to expand the steel forging capacity from 500 tpa to 1890 tpa which was completed 1997. The company manufactures steel forgings through the hotforging technology using drop forge hammers and mechanical presses.The major buyers of STLs products include Widia India BHEL Himu Accessories Indicarb SAK Industries Elgi Auto Engineering Automotive Levers Lube Airfilters etc. STL caters to the automobile agriculture mining power transmission and general engineering industries.The company has entered into the software business in 200001 and the software division has developed a Banking Software Conch Bank meant for Cooperative sectors and societies.The company has become a Sick company as the networth and their accumulated losses exceeded the paid up share capital.
OrganisationSmiths & Founders (India) Ltd
HeadquartersBangalore
IndustryCastings, Forgings & Fastners