Harig Crankshafts Ltd


BSE: 500178 | NSE: HARIGCRANK | ISIN: INE905C01026 
Market Cap: [Rs.Cr.] 32 | Face Value: [Rs.] 1
Industry: Castings & Forgings

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Company Profile

Harig Crankshafts (HCL) was promoted in the joint sector by Pradeshiya Industrial Corporation of Uttar Pradesh along with Haring India and Deshbir Singh in collaboration with Wilbelmus Import and Export Establishment, Germany. It was incorporated in Apr.'83 and set up a project to manufacture automotive crankshafts at Noida, Uttar Pradesh (inst. cap. : 17,000 tpa of forgings). Its product range includes crankshafts for cars, light commercial vehicles, trucks and earth moving equipment. The project was implemented in a phased manner. The first phase consisted of a sophisticated crankshaft machining line which started commercial production in Jan.'90, but capacity utilisation was low on account of non-availability of quality forgings and erratic supply of forgings and the company made losses since its inception. The company commissioned in Mar.'95 a forging press and a machine line to manufacture additional crankshafts to increase the total capacity to 89,000 pa. HCL offered rights in May '95 (premium : Rs 12) to raise funds to pay the interest owed to various financial institutions and to meet additional working capital requirements. It came out of the red in 1994-95. With the accumulated losses exceeded the total net worth the company has been referred to BIFR and the Board has declared the company as Sick. As a part of diversification the company has entered into the field of Foring Valve Bodies and Flenges of all sizes,thus reducing its dependence on the Automotive Industry.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Bharat Forge 16,133.04 41.20 5.99 7.78 13.7 14.2 0.87
AIA Engg. 7,207.82 23.53 5.49 10.50 16.6 22.6 0.09
Mahindra CIE 1,470.61 81.98 1.58 5.29 4.2 4.2 0.06
Jayaswal Neco 1,101.48 17.36 0.52 8.19 1.9 6.5 1.34
Electrost.Cast. 1,067.30 10.60 0.56 8.59 4.7 5.6 1.16
Ahmednagar Forg. 1,003.64 6.06 1.11 4.82 16.3 12.4 1.64
Ramkrishna Forg. 620.13 76.79 1.91 12.86 2.9 5.3 1.32
Hinduja Foundrie 283.70 0.00 -1.04 0.00 0.0 0.0 10.83
M M Forgings 268.32 9.54 1.37 3.99 15.1 11.9 0.92
Nelcast 261.00 12.15 0.98 4.06 8.7 10.9 0.34
KIC Metaliks 122.44 0.00 2.83 3.79 6.9 13.8 1.10
Tayo Rolls 75.51 0.00 -0.66 48.36 0.0 0.0 2.32
LGB Forge 73.05 0.00 5.73 3.35 -18.6 0.7 3.94
Uni Abex Alloy 72.89 9.32 1.31 4.23 15.2 16.1 0.81
Pradeep Metals 71.33 11.80 2.11 5.26 15.6 15.9 1.66

Futures & Options Quote

 
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Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
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:

Anil Sharma , Director 

Devender Singh , Director 

N Sinha , Director 

Gopal Patwardhan , Director 


Company Head Office / Quarters:
C-49 Phase II,
Gautham Budh Nagar Dist,
Noida,
Uttar Pradesh-201305
Phone : 91-0577-2562415/2562416
Fax : 91-0577-2562414
E-mail : harig1@mantraonline.com
Web : http://www.harigcrankshaft.com
Registrars:
Beetal Fin.&Computer Ser.P Ltd
Beetal House 3rd Flr
Behind Local Shp Cen
Nr Dada Harsukh Das
New Delhi - 110062

Fund Holding

 
Scheme Name No. of Shares
No data found

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