PUNJAB TRACTOR: A REVIEW

Article Abstract:

Punjab Tractor Ltd manufactures tractors and harvester combines and fork-lifts. Tractors account for 95 percent of its turnover. Its market share increased from 16.1 percent in March 1998 to 18.4 percent in October 1998. It has tractor manufacturing facilities at Ropar. It has tied up with Komatsu of Japan for making harvester combines and fork-lifts at Hoshiarpur. It sells its tractors under the Swaraj brand. It sold 22,522 tractors in the first half of 1998-99. Its sales volume increased by 18 percent. It recorded sales of Rs445.3 crore and a net profit growth of 43 percent at Rs58.7 crore. Its operating profit margin was 19.2 percent. It is projected to sell 46,000 tractors in the whole of 1998-99. (rk/kvr)

Comment:

Punjab Tractor Ltd manufactures tractors and harvester combines and fork-lifts.

Farm Wheel Tractors, Tractors

---

PUNJAB TRACTORS: STILL GOING STRONG

Article Abstract:

Punjab Tractors Limited (PTL) has a return on equity of 42 percent, volume growth of 20.1 percent in 1998-99 and prospects of revenue and earnings growth of 24 percent and 26 percent respectively in the next two years. It launched two new models in the 22 HP and 33 HP range in 1998-99. Its Swaraj 735 is the single largest selling model in the industry. PTL set up an International Business Division in 1994 and it plans to export 55 HP tractors to US market. (rk)(psr)

Construction Machinery, Construction Machinery Manufacturing, Construction equipment

---

BEST BUYS IN A FALLING MARKET: PUNJAB TRACTOR

Article Abstract:

Punjab Tractors Ltd (PTL) has achieved a 72 percent growth in net profit in 1997-98. The growth is attributed to higher tractor volumes and lower raw material prices. During April and May 1998, PTL registered a 20 percent growth in sales. PTL has invested in its sister concern, Swaraj Engine. It has a well established distribution and service network. Its scrip currently trades at Rs753. (uh)

Comment:

Achieves 72% net profit growth in 1997-98 attributed to higher tractor volumes & lower raw material prices

Article

Similar abstracts:

• Abstracts: HITTING THE ROOF. ( PUNJAB TRACTORS. A TEN YEAR ITCH
• Abstracts: SATYAM COMPUTER SERVICES: A REVIEW. BEST BUYS IN A FALLING MARKET: SOFTWARE SOLUTION INTEGRATED BEST BUYS IN A FALLING MARKET: SATYAM COMPUTER SERVICES
• Abstracts: JINDAL GROUP: WHITHER COREX TECHNOLOGY. BFL SOFTWARE: A REVIEW

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.