Akar Auto Industries Ltd
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BSE Code:
530621
NSE Code:
AAIL
Business Profile
Business Profile
Akar Tools (AKATOOLS) produces castings and forgings like double open spanners, ring spanners and combination spanners made from chrome vanadium and carbon steel. The company has doubled its capacity for drop forged products and now produces tubular box spanners, pliers, pipes, hacksaws, bearing pullers, nail pullers, wrenches, chisels, carpenter tools, vices, punches and other products.
The company`s plant is located at Waluj in Maharashtra. The company has recently taken over the facilities of Ajanta Auto Ancillaries producing Leaf Springs.
The company caters to both domestic and overseas markets. Its export markets include US, Europe, Japan and Australia.
The company`s registered office is in Mumbai and Sunil Todi is its managing director.
Financials
Akar Tools posted a net profit of Rs 14.32 million for the year ended Mar. 31, 2007 on sales of Rs 618.33 million. Total income for the year stood at Rs 618.33 million. During the year, the company posted an EPS of Rs 2.65.
Recent Developments
25-AUG-06
The Bombay High Court, Mumbai has sanctioned the scheme of amalgamation of Ajanta Auto Industries with the Company vide its order dated July 27, 2006.