G K Steel & Allied Industries Ltd (Wound-up)


BSE: 513287 | NSE: NA | ISIN: NA 
Market Cap: [Rs.Cr.] 4 | Face Value: [Rs.] 10
Industry: Steel - Medium / Small

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Company Profile

G.K. STEEL AND ALLIED INDUSTRIES, LTD OBJECTS & ACTIVITIES; Manufacture of steel billets. INCORPORATION & PROMOTION: The Company was incorporated on 12 the August, 1986 as a private limited company and coverted into a public limited company on 6th June 1988. It was promoted by G kandawamy and his sons and associates. THE PROJECT: The Company undertook to set up a mini steel plant for the manufacture of steel billets with an installed capacity of 57,600 tonnes per annum. land admeasuring 7.02 hctares was acquird at Thamaraipadi village a notified backward area in the Dindigul Taluk of Tamil Nadu The Company incorporated th sate of the art tchnolony in electric arc furnace acquired from Asea Brown Roveri ltd ) steel making. Teh main plant and machinery comprises of 25 tonne ultra high power furnace with faciliteis such as eccentric bottom tapping water cooled panel for furnace walls and root exyfuel burner etc. Ladle refining furnace and continous feeding arrangement for sponge iron were also installed. Teh continous casting machine was supplied by M/s concast india ltd. while the transpformer for the substation was acquired from M/s NGEF Ltd. Teh plant was commissioned during the last week of March 1990 Commercial production commenced in the beginning of 1990- 91 OPERATIONS: During 1990-91 the Company completed its first full year of production. The operation had stabilised after overcoming the initial teething trouble. Turnover amounted to Rs24.76 crores Custom duty on raw materials was increased during december 1990 Hence there was an increase in the cost of raw materials by 20% During 1991-92 production improved to 56,727 tonnes inspite of inadequate quantity of raw-materials during the first half of financial year due to import restrictions imposed by the Government. During 1992-93 production and sales turnover increased by 34% and respective when compared to the previous year. EXPANSION: During 1990-91 a licence was received to expand the capacity of mild steel and alloy steel ingots and billets from 50,000 tonnes 1,50,000 tonnes per annum. Additional power supply of 11 MVA was also obtained from Tamil Nadu Electricity Board for this expansin, Addtional equipments were being installed to enhance the capacity . During 1992-93 the Company proposed to commission ladle refining finance to manufacture higher volume added products. FINANCE: IDBI in participation with ICICI and IFCI manctioned a term loan fo Rs 695 lakhs. Duirng 1995-96, the company is trying to restart the main manufacturing unit for the value added products. The company is also trying to achieve better utilisation of capacity.

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Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Ratnamani Metals 1,137.85 8.65 1.76 2.74 23.1 26.6 0.36
Usha Martin 1,096.92 78.26 0.71 6.18 0.5 7.2 1.75
Electrosteel St. 981.85 0.00 0.55 0.00 0.0 0.0 3.58
Prakash Inds. 973.71 6.50 0.49 4.21 8.7 7.8 0.50
M U S C O 941.71 48.05 5.60 19.54 -18.2 -0.2 1.46
Uttam Value Ste. 929.10 0.00 1.20 5.07 -0.5 10.0 1.72
Adhunik Metal 566.87 75.25 0.83 5.20 0.4 10.6 2.06
Guj.Nat.Resour. 527.58 0.00 6.43 428.40 0.6 0.6 0.02
APL Apollo 507.71 20.95 1.62 7.15 12.2 15.9 0.91
Sarda Energy 462.29 4.63 0.50 3.45 14.4 14.2 0.80
Mukand 443.81 0.00 0.79 9.85 0.0 0.0 4.62
Surya Roshni 377.81 5.41 0.52 4.78 9.8 11.6 1.19
Sunflag Iron 356.03 14.25 0.74 6.13 -2.6 6.5 1.13
Technocraf.Inds. 336.43 4.43 0.71 2.06 14.4 19.0 0.19
Readymade Steel 335.06 0.00 6.28 13.92 1.9 5.8 0.38

Futures & Options Quote

 
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Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
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Option Type: NA
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Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

G Kandaswamy , Chairman 

K Naryanaswamy , Managing Director 

S Sumathi - Nom IDBI , Nominee (IDBI) 

K Venkatesh , Director 


Company Head Office / Quarters:
1077 Avanashi Road,
,
Coimbatore,
Tamil Nadu-641018
Phone : 211872
Fax : 0422-213003
E-mail :
Web : http://
Registrars:
G K Steel & Allied Inds Ltd
1077 Avanashi Road


Coimbatore - 641 018

Fund Holding

 
Scheme Name No. of Shares
No data found

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