Scripscan:Pradeep Metals Ltd
cmp:16
Code:513532
Story:Started in 1982 as a private limited company. Pradeep Metals Limited commenced manufacturing precision closed die steel forgings at Dombivli, near Mumbai with an annual installed capacity of 1200 tons. In 1989 the capacity was increased to doubled to 2400 tons.On the strength of excellent all-round performance and wide customer base, Pradeep Metals set up a modern integrated forging plant in 1994 with state-of-the-art technology incorporating forging presses, induction billet heaters and sophisticated die making facilities.With an enhanced annual capacity of 12000 tons in the hands of experienced technocrats & ISO 9002 certification, Pradeep Metals manufactures forgings for the defence, automobile, engineering and petrochemical industries, both for domestic and international markets.The "Pradeep Metals" family comprises of an eminent Board of Directors with long experience in managing large industrial corporations, 15000 shareholders all over the world and a workforce of more than 250 dedicated employees.The company has an impressive profile but operationally has failed to move anywhere over the last 5 years.Sales though increased from 46crs in 06 to 90crs last fiscal but profits merely moved to 2crs from 1.5crs five years ago.Till it manages to put up a better show stock price would remain lacklusture in the bourses.
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