Taneja Aerospace & Aviation Ltd

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NSEBSE
Stock not tradded

488.2015.20 (3.21%)

04:01 PM,23rd Feb 2024

BSE : 522229

NSE : TANEJAERO

Sector : Others

ISIN Code : INE692C01020

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Last Updated: Feb 23 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

5

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

25.00

All Time High Date

06 Jun 1995

All Time Low

1.50

All Time Low Date

18 Feb 1998

Taneja Aerospace & Aviation Ltd

Taneja Aerospace & Aviation Ltd is a Pune based Indian Seamless Group Company. The company is engaged in manufacturing and selling of products and services connected with aviation. They have three distinct business divisions namely Aircraft Sales and Services Aero structures and Airfield Services & MRO. Their subsidiaries include TAAL Infrastructure Pvt Ltd MM Infoproc Services Pvt Ltd TAAL Technologies Pvt Ltd and First Airways Inc.The company is the only private sector in India to manufacture aircraft. In the General Aviation Aircraft category the company manufactures the P68C a six seat twin piston engine aircraft; the Hansa a two seat single engine trainer aircraft and the Thorpe a two seat single engine aircraft. They are also the authorized sales representative of the Cessna Aircraft Company USA for their Citation range of Business Jets and for the Cessna Caravan aircraft.Apart from manufacturing and operating aircraft the company also manufactures aircraft parts and assemblies (aero structures) in particular for Government organisations like Hindustan Aeronautical Ltd and National Aerospace Laboratory in new aircraft development programmes. The company along with the Indian Space Research Organization Aeronautical Development Establishment and the Indian Air Force assisted in improving the country's space and aeronautical capabilities.Taneja Aerospace & Aviation Ltd was incorporated on July 22 1988 with the object of designing developing manufacturing and dealing in aeroplanes and all machines instruments and accessories capable of being used for or in connection with aerial transit conveyance or communication. The company was promoted by B R Taneja his associates and The Indian Seamless Metal Tubes Ltd. They received the licence to manufacture gliders in the year 1990. In April 1994 the company came out with a public issue of 50 lakh equity shares at par aggregating Rs 5 crore to part-finance the Rs 20.5 crore projects to manufacture light transport aircraft at Denkanikotta Tamilnadu. The company started operations in June 1994 with the manufacture of the P68C a six seat twin-piston engine aircraft.The company entered into two agreements with Partenavia Construzioni Aeronutliche SRL Italy for manufacture and sale of P-68 and Viator aircraft in India. They also entered into another agreement with National Aeronautical Laboratory Bangalore as a risk sharing partner for joint development and commercial production of NAL's indigenous composite material two seater light trainer air craft. During the year 1994-95 the company was appointed as the sales and service representative of the Commander Aircraft Company in India. In May 1995 the company flying academy commenced its operations. During the year 1995-96 as a part of their diversification programme the company undertook and set up the repair and maintenance facilities for Cessna aircraft. During the year 1997-98 the company as an authorized sales representative sold a Cessna Caravan Aircraft to the Tata Iron and Steel Company Ltd. During the year 1999-2000 the company entered in to a MoU with National Aerospace Laboratories for manufacturing the first batch of 5 aircraft mainly for flight training.During the year 2005-06 the company upgraded the manufacturing facilities which include Sheet Metal Shop Machine Shop Surface Treatment Shops and Assembly Shops. They extended the runway from 1.1 km to 2.3 km. Also the company constructed a Hangar which can accommodate an aircraft of Boeing 737/ Airbus A320 category.During the year 2006-07 the company completed the extension of runway new air traffic controls and maintenance hangar meeting the requirements of Airbus A320 and Boeing 737 facilities. They also commissioned the plant manufacturing facilities to meet the global requirements. In February 2007 the company signed a MoU with Bharat Earth Movers Ltd to explore the aeronautical offset opportunities in the defence and civilian sectors and also the development opportunities in the domestic market. Also they signed a contract with Cessna Aircraft Company for two aircrafts namely Citation XLS and CJ2.During the year 2007-08 the company commissioned certain unique equipments to address the growing Domestic and Global Aviation requirements. Also they acquired an Aircraft on Lease Agreement from a US based Lease Finance Company covering a period of 120 months. In November 21 2007 the company formed a wholly owned subsidiary namely First Airways Inc in Delaware USA to establish maintain provide and operate air services and chartered services in USA.In January 2008 the company entered into a MRO facility agreement with Air Works Commercial MRO Services Pvt Ltd wherein the company would be licensing 7 acres of land and upto 5 hanger space on a long term basis which is a step towards the company's strategy to develop its private air field as a MRO and Aviation park. Also the company decided to transfer the airfield located at Hosur Hangars associated buildings and equipments related licenses etc (Airport Business) of the company to a wholly owned subsidiary by way of slump sale.In February 2008 the company acquired 10000 equity shares in MM Infoproc Services Ltd. In March 2008 they acquired 10000 equity shares in TAAL Infrastructure Pvt Ltd. As a result MM Infoproc Services Ltd and TAAL Infrastructure Pvt Ltd became the wholly owned subsidiaries of the company.In July 2009 TAAL Technologies Pvt Ltd became a wholly owned subsidiary of the company.

Taneja Aerospace & Aviation Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1217

EPS - TTM (₹) [S]

4.61

P/E Ratio (X) [S]

11.12

Face Value (₹) 5
Latest Dividend (%)30.00
Latest Dividend Date 13 Nov 2023
Dividend Yield (%) 0.84
Book Value Share (₹) [S]43.90
P/B Ratio (₹) [S]11.12
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

470.05

501.00

Week Low/High

421.35

502.00

Month Low/High

372.00

502.00

Year Low/High

104.00

502.00

All time Low/High

1.45

502.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week2.04%%0.990.78%
1 Month18.74%%3.944.59%
3 Month106.38%%10.7912.17%
6 Month65.91%%11.7814.24%
1 Year294.82%%22.7126.85%
3 Year1449.84%%47.0251.03%

Company Info

Company Information

Non Executive Director : Salil Taneja

Chairman & Independent Directo : Prahlada Ramarao

Director : Muralidhar Chitteti Reddy

Director : Rahael Shobhana Joseph

Independent Director : Arvind Nanda

Managing Director : Rakesh Duda

Registered Office: Belagondapalli Vill Thally Rd, Denakanikotta Tal Belagondapal,Krishnagiri,Tamil Nadu-635114 Ph: 91-4347-233508

Email:secretarial@taal.co.in

URL:http://www.taal.co.in