Tayo Rolls Ltd
TATA

Tayo Rolls Ltd (TATAYODOGA)

₹78.84--

Key Stats

₹78.85
Day's Price Range
₹78.85
₹52.1
52-Week Price Range
₹208.5
1 Month Return4.16 %
3 Month Return-20.44 %
1 Year Return34.78 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 293
EPS
Rank 297
BVPS
Rank 316
Dividend Yield
Rank 177
ROE
Rank 445
Price To Book Ratio
Rank 257
Debt To Asset
Rank 316

Company Information

Tayo Rolls Ltd TAYO promoted by Tata Steel in collaboration with Yodogawa Steel Works and Nissho Iwai Corporation Japan to produce steel steel base and cast iron rolls to meet the cast roll requirement of TISCO and the domestic market. TAYO is Indias largest roll producer and has been supplying rolls to all the major integrated steel plants steel rolling mills the paper rubber textile and food processing industries the mint and other nonferrous rolling units in the country. It has a 50 share in the domestic market.TAYO has also developed a number of importsubstitute rolls. It exports its products to countries like Srilanka Singapore Vietnam Qatar Saudi Arabia Philippines the UAE Iran South Africa and the US.To keep pace with the changing market and rolling practices TAYO launched a comprehensive modernisation programme in 199091 cost: Rs 25 cr under which it introduced stateoftheart technology to manufacture doublepoured rolls through the centrifugal casting process. The technical knowhow for the process was obtained from Eisenwerk SulzauWerfen ESW Austria Europes leading roll manufacturer with a fine export record. The centrifugal casting machine imported from the US was commissioned during 199293.After modernisation the capacity has increased to 9750 tpa of rolls. It is now being augmented to meet the growing demand for rolls as a result of the growth in the steel industry. It has also taken up the manufacture of special valueadded castings mainly for the power steel and cement sectors.The companys first phase involving a capacity expansion of rolls to 12500 tonnes at an outlay of Rs 24 crores was completed during 199899 and second phase involving an expenditure of approximately Rs 15 crores for increasing the capcity to 14000 tonnes has been held back. During the year 2003 the name of the company was changed to Tayo Rolls Limited.The company has entered into a licence and knowhow agreement with the Union Electric Steel Corporation UES USA a leading forged roll manufacturer of international repute for transfer of the technology for finishing forged rough turned and hardened steel rolls and has already procured the order for the same. Also an agreement with UES to represent them in India for solicitation of order for forged hardened steel rolls manufactured by UES and orders for rehardening reconditioning or repair of such rolls.During 20002001 the company commissioned the new coldrolling mills and there was an increase in the demand for forged rolls. In the near future the company is planning to manufacture Tool Steel Rolls on its own.The company is planning to undertake a backward integration project of putting a miniblast furnace for manufacture of Pig iron at a cost of Rs.10.30 Crores.
OrganisationTayo Rolls Ltd
HeadquartersJamshedpur
IndustryCastings, Forgings & Fastners