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Omax Autos Ltd.

BSE: 520021 Sector: Auto
NSE: OMAXAUTO ISIN Code: INE090B01011
BSE 15:57 | 19 Jan 119.50 5.25
(4.60%)
OPEN

116.85

HIGH

123.90

LOW

115.60

NSE 15:54 | 19 Jan 119.55 5.40
(4.73%)
OPEN

115.40

HIGH

124.00

LOW

115.00

OPEN 116.85
PREVIOUS CLOSE 114.25
VOLUME 99985
52-Week high 128.90
52-Week low 62.10
P/E
Mkt Cap.(Rs cr) 256
Buy Price 120.00
Buy Qty 159.00
Sell Price 0.00
Sell Qty 0.00
OPEN 116.85
CLOSE 114.25
VOLUME 99985
52-Week high 128.90
52-Week low 62.10
P/E
Mkt Cap.(Rs cr) 256
Buy Price 120.00
Buy Qty 159.00
Sell Price 0.00
Sell Qty 0.00

Omax Autos Ltd. (OMAXAUTO) - Company History

Omax Autos Ltd., a part of Omax Group is into manufacture of sheet metal, tubular and machined components and sprockets for two-wheelers and four at its two plants in Dharuhera, Haryana. Hero Honda is major client of the company contributing 75% of its turnover. The company has a marketing tie-up with Hero Honda, near which the Haryana plant of the company is situated. Omax Auto's other customers include Maruti, TVS Suzuki, T I Diamond Chain and SRF. In 1994-95, the company doubled the capacity of its electroplating plant and sprocket division. It has started constructing its proposed third unit at Gurgaon. It has also purchased new land in Gurgaon to put up its fourth unit to exclusively meet the requirements of the upcoming new unit of Hero Honda Motors at Gurgaon. Major Part of expansion of new Speedomax project has been completed. New automatic computerized tri-nickle coating plant is ready for production. However, to meet the enhanced demand of Hero Honda Motors Ltd and to achieve better economies of scale, company has started putting one more new Automatic computerized tri-nickle coating plant of same capacity of Speedomax & Commercial Production of plant commenced in July'99. The 4th plant at IMT,Manesar,has started its commercial production in April,2002 at an estimated cost of Rs.18.00 crores. The company has got a major break through in getting exports from M/s Piaggio of Italy and from M/s Santhana Brothers. It is also planning to become global supplier for OEM buyers. It is also negotiating with MNCs in India for the supply of components to their international counterparts. Omax Auto is in the process of amalgamating Indital Tintoria Ltd with itself with effect from March 1, 2003. The amalgamation scheme is pending approval of High Cour to Pujab & Haryana.