AUSTIN ENGINEERING COLTD
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BSE Code:
522005
NSE Code:
AUSTENG
Business Profile
Business Profile
Austin Engineering Company (AUSTENG) is a manufacturer of ball and roller bearings in India. It was incorporated as a private limited company on Jul. 27, 1978 and was converted into a public limited company on Nov. 02, 1985.
The ISO/TS 16949:2002 certified company manufactures ball bearings; cylindrical, needle, tapered, spherical and flexible roller bearings in more than 2,500 varieties used is several industrial segments. The plant in Patla, Gujarat has a manufacturing capacity of 3 million bearings. The company is also engaged in power generation through windmills with a capacity of 0.8 MW. The company caters to the engineering equipment manufacturers, steel plants and steel rolling mills, process industries, automotive industries, textile machinery, manufacturers, power plants, road transport undertakings, railways, atomic energy applications, OEMs in Europe and USA, and the replacement market.
The company has been awarded The Star Performer (medium enterprise) Award in the product group bearings, gears, driving elements and parts in recognition of its outstanding contribution to engineering export in the year 2005-2006 by Engineering Export Promotion Council, New Delhi. It has Accurate Engineering Inc. U.S.A. as its wholly-owned subsidiary. In 2007, the company tied up with international customers in the US and EU like Bonfigloli Sri, GE, Westinghouse and GM Loco. Products are exported to developed countries like USA, UK, Germany, Italy and others.
The registered office of the company is located at: Patla village, Bhesan taluka, Junagadh-362030, Gujarat.
Financials
Austin Engineering Company registered a profit of Rs 16.3 million for the quarter ended September 2007.
It recorded a net sales of Rs 175.83 million for the quarter.
Total income was Rs 177.29 million for the quarter ended September 2007.
The diluted earnings per share (EPS) of the company stood at Rs 4.62 for the quarter ended September 2007.