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Magna Electro Castings Share Price

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NSEBSE
Stock not traded

476.052.30 (0.49%)

12:00 AM,12th Apr 2024

BSE : 517449

NSE :

Sector : Engineering

ISIN Code : INE437D01010

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

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

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

0.00

All Time High Date

Invalid date

All Time Low

0.00

All Time Low Date

Invalid date

Magna Electro Castings Ltd

Magna Electro Castings Ltd was incorporated in 1990. The company was promoted and Managed by N Krishna Samaraj. The company is mainly engaged in manufacturing and selling of Cast Iron Components.In 2001 the company has successfully commissioned its state of the art CAD/CAM Centre for producing tooling.The Company had implemented a Energy Conservation Project in 2001-02 at a cost of Rs.110 lakhs and was funded by internal accruals and term loans from Corporation Bank. In the area of raw material recycling and production automation the company is planning to make investments to the tune of Rs.150 lakhs and will be financed by means of Internal accruals and Term Loans. This project was put on hold due to decision on implementation of the latest technology and processes.The Company commissioned the Gas project costing Rs 0.41 Crores during 2004. In 2005 it commissioned the Furan Fast Loop Line and the Sand Mixer plants costing Rs 3.78 Crores. It installed one 750 kw Wind Electric Generator costing Rs 3.06 Cr. at Andhiyur Village in Pollachi Taluk. It commissioned one 1650 kw Wind Electric Generator in Ganapathipalayam village Pollachi Taluk costing Rs 9.70 Crores during August 2005.The e Phase I Expansion Project costing Rs 8.14 Crores for construction of buildings was completed and the required plant and machinery was commissioned during 2007. The Company implemented the Phase I of the expansion project thereby increasing the capacity from 600 MT to 900 MT per month in 2008.During 2009 the Company commissioned the Sand Pre-Processing Plant. During 2011-12 it installed/commissioned the Automatic Grinding cell which was imported from Italy for fettling operations. It also commissioned the additional factory building measuring about 30000 Sq.Ft. which will accommodate the machining activities of the Company.In 2012-13 it commissioned the new Hunter Molding Machine. It augmented Diesel Power Generating capacity with the installation of two 1500 KVA generators. Capable of parallel operation through an automatically computer controlled synchronized panel the sets can provide 3000 KVA power.During 2014-15 it installed new Energy efficient Melting Induction Furnace replacing the old and worn out furnaces and in 2015-16 further installed the Furan Thermal Reclamation Sand Plant costing Rs 2 Crores for reclamation of sand and also installed the Furan No Bake Continuous Mixer for achieving consistency in casting dimension and 3D Printing Technology for shorter development time and reduction in sampling time.During 2016-17 it installed the Furan core preheating oven in its production line costing Rs 0.11 Crores. The Core Shop was upgraded during 2017-18 utilizing lndustry 4.0 Techinques and enabled process. The Sample coin conveying system was commissioned during 2018-19. The Company installed Green Sand Reclamation Plant during 2020-21. It further installed a new Fume Extraction System in the furnaces which will enable the Company to use alternative raw materials at a lower cost as well as keeping the environment free of pollution. It also installed certain balancing equipments to enhance the manufacturing capabilities.During 2021-22 it installed new 1 Ton Capacity induction melting furnace to enhance its existing furnace capacity. During 2022-23 it installed some balancing equipments/machinery which will enhance the production activities of the Company. Civil works were undertaken to increase the floor space of the finishing division and machine shop. Roads were also laid/ re-laid to facilitate easy of movement of vehicles inside the Plant.

Magna Electro Castings Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

201

EPS - TTM (₹) [S]

32.54

P/E Ratio (X) [S]

2.00

Face Value (₹) 10
Latest Dividend (%)30.00
Latest Dividend Date 18 Aug 2023
Dividend Yield (%) 0.63
Book Value Share (₹) [S]237.67
P/B Ratio (₹) [S]2.00
[*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

460.00

494.00

Week Low/High

445.40

494.00

Month Low/High

388.00

494.00

Year Low/High

287.00

594.00

All time Low/High

3.00

594.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week2.82%%0.000.03%
1 Month9.35%%0.780.82%
3 Month-1.65%%2.312.85%
6 Month-2.78%%11.8013.77%
1 Year56.54%%22.9426.43%
3 Year209.12%%55.0557.36%

Company Info

Company Information

Non Executive Director : J Vijayakumar

Independent Director : K Gnanasekaran

Independent Director : R Nandini

Independent Director : Jairam Varadaraj.

Managing Director : N Krishna Samaraj

Independent Director : G D Rajkumar

Executive Director : M Malmarugan

Non Executive Director : Ajeya Vel Narayanaswamy

Independent Director : Vijayalakshni Narendra

Company Sec. & Compli. Officer : Divya Duraisamy

Registered Office: 43 (Old No 62), Balasundaram Road,Coimbatore,Tamil Nadu-641018 Ph: 91-422-2240109

Email:info@magnacast.com

URL:http://www.magnacast.com