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Bedmutha Industries Share Price

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NSEBSE

202.001.85 (0.92%)

12:00 AM,16th Apr 2024

200.050.05 (0.03%)

12:00 AM,16th Apr 2024

BSE : 533270

NSE : BEDMUTHA

Sector : Metals & Mining

ISIN Code : INE844K01012

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Last Updated: Apr 16 2024 | 12:00 AM IST

Market Cap (₹ Cr)

651

Turnover (₹ Cr)

0.01

Volume (Shares)

3121

Face Value

10

52-WK High

314.40

52-WK High Date

01 Feb 2024

52-WK Low

53.60

52-WK Low Date

26 Apr 2023

All Time High

314.40

All Time High Date

01 Feb 2024

All Time Low

6.65

All Time Low Date

05 Sep 2013

Bedmutha Industries Ltd

Bedmutha Industries Ltd was originally incorporated on August 23 1990 as a private limited company with the name Bedmutha Wire Company Pvt Ltd. On September 23 1997 the Company was converted into a public limited company and the name of the Company was changed to Bedmutha Wire Company Limited and thereafter to Bedmutha Industries Limited on November 18 2009.Bedmutha is one of the leading steel wire manufacturers in Western India. The company offers a range of steel wire products to domestic manufacturers and dealers. They manufacture wide range of products in the wire industry from MS wires to Grade 3 Spring wires both coated and uncoated.The company's products include Galvanized wires Cable Armour Wires ACSR Wires Wire Nails Earth Wires Stay Wires Spring Steel Wires Barbed Wires etc. Their products are used in various areas such as roads bridges flyovers power automobile engineering agriculture railways and defence.The company's has their four manufacturing facility at Sinnar Nashik. Two of their plants namely Plant 1 manufacturing galvanized wires and Plant 2 manufacturing Binding Wire PC Wire and Spring Steel Wire are certified under ISO 9001 from Bureau Veritas Certification (India) Pvt Ltd. The company has been a leading supplier to a large number of leading Corporate Houses Railway Defence and other Govt. undertakings.The company has a well established dealer network and selling agents to service the agriculture sector requirement spread across the grape and vegetable growing areas namely Nashik Sangli Solapur Bijapur Pune Bangalore and Hyderabad. They are also utilizing offices of few of their group companies for marketing at various locations all over India which includes Mumbai Nashik Pune Nagpur Ahmedabad Baroda Bangalore Lucknow Haridwar Gwalior New Delhi Indore and Angul (Orissa). In the year 1992 the company started commercial production by setting up their first Galvanized Wire plant at Nashik with an installed capacity of 3600 MTPA. In the year 1994 they increased their installed capacity from 3600 MTPA to 6100 MTPA by de-bottling of galvanized plant.In the year 1997 the company set up their second galvanizing plant with an installed capacity of 5400 MTPA which increased their total installed capacity from 6100 MTPA to 11500 MTPA. In the year 1998 the company made backward integration by acquiring the Wire Drawing Capacity with a capacity of 16800 MTPA from Kamal Wire a proprietary concern as a going concern along with all their assets and liabilities for consideration of Rs 401.74 lakh.In March 31 2000 the company acquired Testing Engineers & Associates a proprietary concern as a going concern along with all their assets and liabilities for the lump sum consideration of Rs 5.00 lakh. In the year 2001 they acquired Deemed Export Order from Rajasthan State Electricity Board (RSEB) under World Bank Tender.In the year 2003 the company set up their third galvanizing plant at Nashik with the increased installed capacity of 5300 MTPA. In the year 2004 they obtained ISO 9001:2000 Certification. In the year 2005 the company increased the production capacity of Wire Drawing from 16800 MTPA to 18000 MTPA. In the year 2007 the company set up their fourth galvanizing plant taking the total galvanizing from 16800 to 25300 MTPA. They also installed wind power turbine during the year 2007. Also entered into MOU with Tejsri developers (P) Limited for operations and maintenance of wind mill. In February 2007 the company promoted Kamalasha Infrastructure & Engineering Pvt Ltd as a subsidiary for implementation of turnkey contracts for infrastructure namely in power roads railways etc. In the year 2008 the company expanded the Wire & Wire Products Capacity from 18000 MTPA to 42100 MTPA. They also installed Wire Nails Capacity of 1800 MTPA and stranding Capacity of 2400 MTPA. The company set up a Wind Mill in Karnataka with power generation Capacity of 225 KW. Also they increased the production capacity of Wire Drawing from 42100 to 60000 MTPA. During the year the company invested 49% in Ashoka Pre-con Pvt Ltd along with Ashoka Buildcon Ltd to manufacture pre stress concrete products such as cement poles RCC pipes Cement Piles railway sleepers etc. In July 01 2008 the Consultancy Division K.R. Bedmutha & Techno Associates was spinned off into a separate entity named as K.R. Bedmutha Techno Associates Pvt Ltd. In August 2008 Ajay Wire Products Pvt Ltd Kamdhenu Wire Pvt Ltd and Shriram Wire Pvt Ltd were amalgamated with the company. In the year 2009 the company acquired 51% stake in Kamlasha infrastructure and Engineering Pvt. Ltd for implementation of turnkey contract of electrification. In November 18 2009 the name of the company was changed from Bedmutha Wire Company Ltd to Bedmutha Industries Ltd. In May 2010 the company entered into an MoU with Maharashtra Government for the manufacturing of LRPC wires Spring steel wires GI wires and SS wires. The cost of investment is estimated to be Rs 152.90 crore. In 2010-11 the Company raised Rs.91.84 Crore through its Initial Public Offer (IPO) of 9004211 Equity Shares of Rs.10/- each at an Issue price of Rs.102/- per Equity Share and the Company's shares got listed on the Bombay Stock Exchange Limited (BSE) and The National Stock Exchange of India Limited (NSE) with effect from 14th October 2010.The Company in 2010-11 sanctioned a Mega Project in Maharashtra for manufacture of value added Wires and Wire products. The Nardana Project started in January 2012 after acquiring land from MIDC in November 2011. The Company started the trial production at phase - 1 of the project i.e. high speed galvanizing line for manufacture of wire products in 2012-13. The Pickling Wire drawing and Galvanizing Phase I was made operational in 2013-14.In 2019-20 the Company sold its entire stake in subsidiary company Kamalasha Infrastructure and Engineering Private Limited as on 22nd September 2020 and hence Kamalasha infrastructure and Engineering Private Limited ceased to be the subsidiary of Company.

Bedmutha Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

651

EPS - TTM (₹) [S]

5.45

P/E Ratio (X) [S]

6.06

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]33.32
P/B Ratio (₹) [S]6.06
[*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

198.50

203.95

Week Low/High

197.10

214.00

Month Low/High

195.00

231.00

Year Low/High

53.60

314.00

All time Low/High

6.80

314.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.90%-4.90%-2.33-2.19%
1 Month0.05%0.97%0.410.57%
3 Month-6.05%-6.13%-0.250.52%
6 Month42.71%40.38%10.2412.24%
1 Year258.98%255.95%20.7124.23%
3 Year726.18%745.19%49.3851.51%

Company Info

Company Information

Managing Director : Vijay Kachardas Vedmutha

Managing Director & CFO : Ajay Kachardas Vedmutha

Independent Director : Narayan Kadu

Independent Director : Vandana Sonwaney

Company Sec. & Compli. Officer : Ajay Subhash Topale

Independent Director : Shreekrishna Marathe

Executive Chairman : Kachardas Ratanchand Bedmutha

Registered Office: A 70/71/72 STICE Musalgaon, Sinnar,Nashik,Maharashtra-422103 Ph: 91-2551-240481/631/068/069

Email:cs@bedmutha.com; bwcl.sales@bedmutha.com: bedmutha

URL:http://www.bedmutha.com