Solid Carbide Tools Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 264
Rank 264
Rank 298
Dividend Yield
Rank 134
Rank 326
Price To Book Ratio
Rank 239
Debt To Asset
Rank 297

Company Information

Incorporated in 1990 as a private limited company Solid Carbide Tools was promoted by M M Kothari a member of the Bombay Stock Exchange and S K Nag. It was converted into a public limited company on 18 Feb.93. It is a 100 EOU manufacturing industrial rotary cutting tools circuit board routers and circuit board drills with a capacity of 504000 units pa. at its plant at Rabale on the ThaneBelapur road New Bombay. The technical knowhow has been provided by Quality Carbide Tools Corporation US with whom it signed an MoU on 28 Jan.93 valid for 5 years and subject to renewal thereafter. For the past few years the company has been making profits and paying dividends to its shareholders. From 1994 the company started catering to the needs of the domestic market also.In 1995 the company diversified into the production of nonferrous metals by putting up a copper extrusion plant cap.: 2400 tpa and a continuous casting plant 1500 tpa at a total outlay of Rs 15 cr in New Bombay. The produce of this project will be consumed by airconditioning and refrigeration manufacturers general engineering industries instrumentation and process equipment manufacturers sugar machinery manufacturers etc.During the year 19992000 due to overall tight market conditions and financial crunch affected the companys turnover and faced lot of difficulties.
OrganisationSolid Carbide Tools Ltd
IndustryCapital Goods-Non Electrical Equipment