STEELAGE INDUSTRIES: PROTECTING ITSELF WELL
Article Abstract:
Steelage Industries of the Turner-Morrison group is a major player in the fire fighting and fire protection systems industry. The company operates in three categories - bank and office security hardware, portable fire fighting appliances and fixed fire fighting and fire detection installations. These products are manufactured at the company's three plants at Mazagaon, Halol and Ambattur. Steelage holds 28 percent market share in the bank security equipment sector. It leads its competitors in the industrial fire protection systems. But the biggest revenue earner is the fixed fire detection and fire suppression systems. Its Minimax brand in this segment is its leading product. The fire fighting market in India is expected to see growth by Rs800 crore due to emphasis on infrastructure development. This, and the arrival of private sector companies on the insurance scenario are expected to boost Steelage's growth. The company's scrip is currently traded at Rs139. (uh) ------------------------------------------------------------ Steelage Industries: Financial Results (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales 64.41 54.30 ------------------------------------------------------------ Operating profit margin (in %) 11.47 11.40 ------------------------------------------------------------ Gross Profit margin (in %) 7.42 6.21 ------------------------------------------------------------ Net Profit 3.30 2.54 ------------------------------------------------------------ Equity 3.12 3.12 ------------------------------------------------------------ EPS (in Rs) 10.57 8.14 ------------------------------------------------------------
Comment:
Is a major player in the fire fighting & fire protection systems industry, company profile
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
THE WINNING EDGE - SILVERLINE INDUSTRIES
Article Abstract:
Silverline Industries Ltd (SIL) is well placed due to both its expertise and clientele. Its chief line of activity is offshore development of software for telecom, banking and hospitality sectors. SIL is increasingly focusing on high-value added products and services like multimedia, Internet and intranet applications and ERP. It is also into legacy systems maintenance and client-server migrations. It was the 18th largest software exporter from India in 1997-98. SIL's clients include Fortune 500 companies like, Nynex, JP Morgan, First Data Resources, Bank of America. Its current order book position stands at US$35 million. The company has formed an alliance with Platinum Technologies Inc which is expected to add value to SIL's software skills. Platinum may also utilise SIL as a low cost software development base in future. During the third quarter of 1998-99, SIL recorded a Rs139.8 million profit write-offs and its operating margins stood at over 51 percent. (uh)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
MALBROS STONE INDUSTRIES
Article Abstract:
Malbros Stone Industries of the Malbros Group is the biggest India producer and exporter of slates, sandstones, limestone and quartz in the form of tiles, slabs and flagstones. The company is a Government of India recognised Export House and exports its products to 45 countries. The company has set up two more units at Bhiwadi in Rajasthan and Greater Noida in Uttar Pradesh which are scheduled to commence operations in 1999. (khr)
Comment:
Malbros Stone Industries of the Malbros Group is the biggest India producer and exporter of slates, sandstones, limestone and quartz in the form of tiles, slabs and flagstones.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: SINTEX INDUSTRIES LIMITED BALLARPUR INDUSTRIES LIMITED KRISHNA TEXPORT INDUSTRIES LTD
- Abstracts: RAIN INDUSTRIES FIRMS UP PLANS FOR $1.95-BN PROJECT STPI TO SET UP EARTH STATION IN MYSORE GOVERNMENT INITIATIVE AT CHIKHALI
- Abstracts: ISPAT INDUSTRIES: BLOW HOT, ROLL COLD RK ISPAT - RUSTED, CORRODED STEEL ESSAR STEEL TO SET UP Rs600-CR BLAST FURNACE AT HAZIRA
- Abstracts: ACTION STATIONS FOR THE SPICE GUYS EXPORTERS TARGET 25% OF WORLD SPICE MARKET A LITTLE PEP TALK TO SPICE UP EXPORTS
- Abstracts: THE CHILLY's NOT SO HOT. MARKET WATCH--GNAW AT GINGER. BRIGHT YELLOW