K E W Industries Limited
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BSE Code:
532758
NSE Code:
Business Profile
Business Profile
KEW Industries (KEWIND) is a manufacturer and supplier of defence stores and automobile components to original equipment manufacturers. The company was incorporated on Sept. 23, 1996.
The company manufactures SG iron-casted products used in heavy commercial vehicles and cast iron products used in the MUV segment and tractors, which include axle tubes, levers, link rod yokes, assembly link rod yokes brake and brake discs in fully machined condition, axle hubs, steering mounting link brackets, gear mounting brackets, trumpet housings rims, ..etc; defence products like bomb shells of 120 mm and 51 mm for the Ministry of Defence; control arms, brake support and axle boxes, and other products for the railways.
The two manufacturing units of the company are located in Jalandhar City, Punjab. The company has a well equipped forge shop having a variety of hammers and hydraulic mechanical presses with capacity from 100 to 1000 tons which are capable of producing intricate hot drawn seamless tubes, blind tubes and shells. It has a well-equipped laboratory and modern research and development department certified by the Ministry of Science & Technology.
The company`s client portfolio includes Ashok Leyland, Tata Motors, Punjab Tractors, Indian ordinance factories under the Indian Ministry of Defense, Rail Coach Factory, Kapurthala, among others.
The registered office is located at B-3, Focal Point, Jalandhar-144001, Punjab.
Financials
KEW Industries registered a profit of Rs 10.79 million for the quarter ended June 2007.
Net sales rose 32.99% to Rs 121.69 million for the quarter ended June 2007 from Rs 91.5 million for the quarter ended June 2006.
Total income rose 33.07% to Rs 121.77 million for the quarter ended June 2007 from Rs 91.51 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 0.79 for the quarter ended June 2007.
Recent Developments
28-DEC-07
Kew Industries announced the purchase of 5 ton capacity hammer from Poland to manufacture specialized critical forging. This will enable the company to increase its capacity as well as to execute the specialized critical forging components for heavy vehicle segments in the domestic as well as in the international market.
17-SEP-07
On Jun. 13, 2007, the board of directors of Kew Industries allotted 125,000 shares to Lotus Global Investments, 25,000 shares to Charndeep Singh Kataria and 500,000 shares to Lalit Modi shares; each share having a face value of Rs 10, at a premium of Rs 30.
06-FEB-07
KEW Industries has got the shareholders` approval to issue 5 million convertible warrants to IndiaStar (Mauritius) at a price of Rs 40 on preferential basis. The shareholders also approved the preferential allotment of 2 million equity shares of Rs 10 each. The company also got approval for raising an amount of USD 10 million by way of fresh issue of FCCBs, QIP, GDRs and ADRs.