Scripscan:Rolcon Engineering Company Ltd
cmp:110
Code:505807
Story:Rolcon Engineering Company Limited engages in the manufacture and sale of chains and sprockets in India. It offers precision roller chains, chain wheels for roller chains, bush roller chains, feeder table chains, cane diffuser chains, cane carrier chains, rake elevator/carrier chains, bush elevator and driving chains, baggasse carrier chains, flow conveyor redler chains, stud chains, gall chains, and top roller chains. The company also provides carrier chains, water screen chains, extended pitch roller chains, leaf chains, deep bucket conveyor chains for clinker transport, reclaimer scraper chains, pan conveyor chains, rivetless chains, and heavy duty chains for shovels/excavators.Fy11 has been a landmark year for the Company with all time high production and sales.For the first time in the history of the Company,it has achieved sales target to Rs.3384.78 Lakhs as against Rs. 2940.76 Lakhs of the previous year but profit before tax has been reduced to 159.24 Lacs as against Rs.213.86 Lacs for the previous due to increase in the cost of Raw Materials and Reduction in selling price coz of reverse auction manipulation resorted by some of the companies. During the year company also made additions in plant & machinery & extension of factory shed for atomization in production cycle time.Its a very tiny company with equity of mere 76 lakhs giving it a mcap of 8crs.Its a debt free company having massive reserves of more than 14 times its equity cap making it an ideal future bonus candidate.Any bumper numbers by the company would get the stock rerated.It also paid a dividend of 3rs for the last fiscal.
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