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Switching Technologies Gunther Ltd.

BSE: 517201 Sector: Engineering
NSE: N.A. ISIN Code: INE311D01017
BSE 12:44 | 17 Aug 75.90 3.60
(4.98%)
OPEN

75.90

HIGH

75.90

LOW

75.90

NSE 05:30 | 01 Jan Switching Technologies Gunther Ltd
OPEN 75.90
PREVIOUS CLOSE 72.30
VOLUME 2
52-Week high 92.85
52-Week low 38.60
P/E 18.60
Mkt Cap.(Rs cr) 19
Buy Price 75.90
Buy Qty 3056.00
Sell Price 0.00
Sell Qty 0.00
OPEN 75.90
CLOSE 72.30
VOLUME 2
52-Week high 92.85
52-Week low 38.60
P/E 18.60
Mkt Cap.(Rs cr) 19
Buy Price 75.90
Buy Qty 3056.00
Sell Price 0.00
Sell Qty 0.00

Switching Technologies Gunther Ltd. (SWITCHINGTECH) - Company History

Switching Technologies Gunther (STGL) was incorporated in Apr.'88 and has been promoted by M N Kannan. It manufactures and exports hi-tech reed switches which find wide applications in the aircraft industry, industrial control equipment, automobiles and power industry, at its unit in the Madras Export Processing Zone (MEPZ). The company is a 100 per cent EoU and has a buy-back arrangement with its promoter company W Gunther, Nurenberg, Germany. Its collaborator, W Gunther, Germany, has a 61.22% stake in the company. STG is one of the leading manufacturers and exporters of reed switches and relays in India. Its products are exported to the European markets and have received good responses from them. The company has a unit in the Madras Export Processing Zone (MEPZ), manufacturing reed switches used in the automobile, telecommunication, industrial control and aircraft industries. During 1996-97, it has commenced commercial production of new switch types like Miniature reed switches/Tilt switches/relays, which can also be used as surface mounted devices and can find application through out the automation and telecommunication industries. STGL has obtained UL/CSA recognition for its switches for the North American market. It is also awaiting ISO 9002 certification. During 1998-99, the company's net profit was reduced to 11.28 lacs because of the exchange fluctuation loss of Rs 50.64 lacs. Necessary steps are being taken to ensure that such exchange fluctuation does not affect the company's results in future. The company also has comprehensive restructuring plans in order to improve the efficiency of the plant.