Scripscan:Bhoruka Aluminium Ltd
cmp:3
Code:506027
Story:Bhoruka Aluminium Limited engages in manufacturing, processing, and dealing in aluminium extrusions worldwide. It provides structural extrusions for doors, windows, vents, shop fronts, louvers, rolling shutters, ladders, curtain walls, glazing, and partitions. The company also manufactures special extrusions for water purifiers, small electric motors, computers, electronics equipment, modular racks, exhibition stalls, moulded luggage, conservatories, and sprinkler irrigation systems; and develops special sections for use in micro light aircraft, and heat sink for cryogenic engines. It offers its products for transportation, industrial, building and construction, electrical and electronics, interiors, and solar industries.There is hardly anything to complement this particular company.It has performed in a volatile manner over the last several years and dont seem to be improving a penny bit.The capacity utilization has been a mere 35-45% over the last couple of years and still the company has dared to expand the capacity very recently.Even if it operates in its full capacity it cannot dramatically jerk up the bottomline.The only positive aspect about Bhoruka Aluminium is its investments in its group companies- TCI Industries and TCI Finance which stands at about 10crs as on date.The company few months back rewarded investors with a bonus issue which defies any justification.Its planning to raise 50crs which would again dilute the equity.At most a hold at present prices.
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