Scripscan:Sanghi Industries Ltd
cmp:17
Code:526521
Story:Sanghi Industries Limited has emerged as a major cement player in western India over the last few years. Company’s 3 million tonnes per annum capacity plant in the Abdasa taluka of Kutch district in Gujarat is ranked as the second largest cement plant at one location in India. It is one of the top 3 players in Gujarat and is now increasing its presence in Maharashtra, Rajasthan and Madhya Pradesh (MP). Sanghi Industries Ltd is a company engaged in manufacturing and distribution of Cement in Western India. The company is having its cement plant of 3.0 MTPA capacity at Sanghipuram in Kutch District – Gujarat State.For the latest quarter ended December 31, 2011 the company has posted a net profit of Rs. 3.04 crore as against a loss of Rs. 21.64 crore for the same period of 2010. Similarly, there was a significant rise in sales to Rs. 227 crore for the quarter ended December 31, 2011 as against Rs. 155.60 in the same quarter in 2010. For the 15 months year ended June 30, 2011 company’s net sales were Rs. 900 crore and net loss was Rs. 29.55 crore.Company expects a significant improvement in its financials over the coming quarters as the operational efficiencies improve and the demand for cement picks up,especially in western India.As of September 30, 2011 the promoters holding stood at 51.06%, foreign institutional investors (FIIs) held 1.42%, foreign financial investors (FFIs) holding was 17.01% and 30.51% was held by others.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
