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Saint-Gobain Sekurit India Ltd.

BSE: 515043 Sector: Industrials
NSE: N.A. ISIN Code: INE068B01017
BSE 00:00 | 14 Feb 54.20 -0.60
(-1.09%)
OPEN

55.60

HIGH

56.90

LOW

54.10

NSE 05:30 | 01 Jan Saint-Gobain Sekurit India Ltd
OPEN 55.60
PREVIOUS CLOSE 54.80
VOLUME 101312
52-Week high 64.95
52-Week low 38.15
P/E 32.65
Mkt Cap.(Rs cr) 494
Buy Price 54.20
Buy Qty 533.00
Sell Price 54.20
Sell Qty 467.00
OPEN 55.60
CLOSE 54.80
VOLUME 101312
52-Week high 64.95
52-Week low 38.15
P/E 32.65
Mkt Cap.(Rs cr) 494
Buy Price 54.20
Buy Qty 533.00
Sell Price 54.20
Sell Qty 467.00

Saint-Gobain Sekurit India Ltd. (SAINTGOBSEKUR) - Company History

Saint-Gobain Sekurit India Ltd formerly known as Saint-Gobain India (SSGIL) was incorporated in 1973 as a private limited company under the name Maharashtra Safety Glass Works Private Ltd. It was promoted by A C Gulati and B R Dougall. Presently its holding company Sekurit Saint - Gobain, France hold 85.77% stake in equity capital of the company. SSGIL is a market leader in glasses for all types of automobiles. SSGIL went public in 1987 and came out with its maiden issue in Oct.'88. Its plant at Pune is equipped with modern automatic machines. It supplies glass under the Atultuf brand name to a reputed clientele including Telco, Premier Automobiles, Hindustan Motors, Ashok Leyland, Bajaj Tempo, Bajaj Auto, etc. The company diversified by setting up a vegetable oil solvent extraction plant employing the most modern technology. The project was part financed by a rights issue of FCDs in Mar.'92 along with the private placement of NCDs with mutual funds. The company started production of laminated safety glass at Chakan near Pune. In Jul. 2000, the scheme of amalgamation of Universal Body Builders and Engineers Pvt Ltd was finalised with effect from Apr 1999. SSGIL is setting up a new furnace at Chakan to manufacture bigger size windscreens and one at Bhosari to manufacture Backlites. With these investments the company expects to cater to the needs of all its customers to supply full sets for automobiles by May 2001. The Bhosari & Chakan Plants were certified ISO 9002 in 2001-02. The accumulated losses have exceede the networth and subsequently the company has become potentially sick.