DE Nora India Ltd


BSE: 590031 | NSE: DENORA | ISIN: INE244A01016 
Market Cap: [Rs.Cr.] 67 | Face Value: [Rs.] 10
Industry: Engineering

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Company Profile

Titanor Components (TCL) was incorporated in Jun.'89 and commenced business in Nov.'89. It was promoted by Kamljit Singh and Krishan Mohan Khanna and is currently managed by chairman Franco Ladavas. It has a technical-cum-financial collaboration with Oronzio De Nora group, Italy (40% stake). The company came out with a rights issue in Aug.'92 aggregating Rs 6.5 cr to finance a new plant at Goa and working capital requirements. It manufactures coated metal electrodes, water electrolysers, electro-chlorinators, cathodic protection systems catering to the chlor-alkali industry. The company had acquired the metal anode division of Wimco in Nov.'89. In 1995-96, the company shut down one of its plant at Rampur (UP) as part of its cost reduction exercise. During 1996-97, the company's electrochlorinator product seaclor mac has received acclaim from concerned authorities in the state of Gujarat, Maharashtra, Tamilnadu, Goa and Pondicherry. The company has been entrusted with additional responsibility of handling cathodic protection business in Far-East and Australia by the De Nora Group. The company is also in the process of preparing documentation for ISO 9002 certification. The company's new marketing strategies for the new products has given positive results during the year 1999-2000 , but its full impact will be felt in the forthcoming years. The recessionary trend in the economy and particularly in the chlor alkali industry continued during the year 2000-01. However, currently the chlor alkali industry is showing signs of improvement and the company is expected to perform better in the next financial year. The company has technical collaboration with M/s Oronzio De Nora International B.V., The Netherlands for Ion Exchange Membrane Electrolysers for Chlor-Alkali industry, Water Eletrolysers and Electrochlorinators for Water treatment and with M/s Oronzio De Nora S.A., Switzerland for Cathodic Protection(Anti corrosion) Systems. The company has successfully adopted the technology of Seaclor-Mac, through a continuous interaction with foreign collaborator. The company now has five standard models namely Seaclor Mac-50, Seaclor Mac-100, Seaclor Mac-500, Seaclor Mac-1000 & Seaclor Mac-2000. The company has also adopted the technology for the manufacture of Lida Anodes in different configurations for Cathodic Protection System.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Thermax 8,975.57 34.21 4.80 11.15 20.2 28.8 0.05
Alfa Laval (I) 7,166.84 62.98 11.85 0.00 21.0 30.6 0.00
Va Tech Wabag 2,050.99 22.65 3.82 7.99 18.0 22.3 0.16
BEML Ltd 1,655.40 108.62 0.80 20.02 -3.8 1.0 0.52
Kennametal India 1,292.20 94.21 4.08 19.68 4.8 6.2 0.00
Nitin Fire Prot. 1,259.12 150.92 8.42 35.02 12.2 11.9 1.40
Texmaco Rail 1,061.97 17.37 1.86 6.11 17.7 23.3 0.16
Praj Inds. 1,007.92 17.75 1.77 6.61 10.5 12.7 0.00
ISGEC Heavy 856.14 11.04 1.40 3.19 10.9 11.7 0.52
Disa India 506.61 25.98 6.28 13.37 36.0 50.3 0.00
Dynamatic Tech. 464.72 0.00 3.42 9.45 0.3 9.4 2.50
Elecon Engg.Co 415.10 15.00 0.87 6.02 5.3 8.4 0.86
Sulzer India 400.58 30.23 4.32 0.00 15.4 18.4 0.50
Hercules Hoists 372.48 17.19 2.33 6.92 19.2 27.1 0.02
Titagarh Wagons 265.39 39.73 0.42 4.92 3.8 7.5 0.11

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Key Information

Key Executives:

Premal N Kapadia , Chairman  

M A Sundaram , Director  

Krishan Khanna , Additional Director  

R V N P R Sardessai , Additional Director  


Company Head Office / Quarters:
Plot Nos 184 185 & 189,
Kundaim Industrial Estate,
Kundaim,
Goa-403115
Phone : 91-832-3981100
Fax : 91-832-3981101
E-mail : denoraindia@denora.com
Web : http://www.denoraindia.com
Registrars:
Sharepro Services India P Ltd
Samhita Complex
Plot No 13 AB
Saki Naka Andheri(E)
Mumbai-400072

Fund Holding

 
Scheme Name No. of Shares
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