ENVAIR ELECTRODYNE LTD
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BSE Code:
500246
NSE Code:
ENVAIREL
Business Profile
Business Profile
Envair Electrodyne was incorporated in the year 1981. It was known as `Kirloskar Electrodyne` till 2002, which was part of the Kirloskar group of companies. It has branches in New Delhi, Ahemdabad, Pune and Bangalore.
The company has diversified into making mechanical cabinets for electronic equipment and operates in three segments, that is, clean air equipment, workstation and diesel generating sets.
The company has signed an agreement with Greaves Cotton for manufacturing Silent Gensets. The company will be manufacturing and marketing Silent Gensets powered by Greaves Engines initially in five states.
Kirloskar Electrodyne in technical collaboration with Knurr AG, Germany manufactures and markets enclosure systems for electronic racks chassis and workstations.
It has developed filtration system for cleaning of transformer oil, racks for networking of computers, open office-partitioning systems and sleek air curtains and electrostatic air cleaner.
The company has entered into the business of clean air and contamination control equipment and clean rooms, technical furniture consisting of laboratory and electronic work stations, server benches, communication and space research workstations, etc, electrostatic oil cleaning equipment, acoustic enclosures.
The company has decided to discontinue diesel generating set business due to low margins. Its client list includes Wipro, Reliance life science, etc.
Financials
The company is planning to introduce products like longevity, air purifiers for sectors other than industrial sectors.
Recent Developments
13-FEB-09
The company bagged an order worth Rs 8.50 million from Air India for design, assembly and installation of avionics workshop facilities of electronic overhauling division (EOD) at Mumbai.
24-NOV-08
The company on November 24 announced that it has shelved its rights issue plan in view of the recessionary conditions.
Future Plans
During the quarter ended Dec 2006, the company`s turnover amounted to Rs 11.99 million, as compared to Rs 7.34 million in December 2005, resulting in a rise of 63.35%.
On the other hand, the company reported decline of 80.47% in net profit from Rs 2.15 million in December 2005 to Rs 0.42 million in December 2006.
In the year ended 2006, it posted net profit at Rs 3.23 million, registering a rise of 134%over Rs 1.38 million in the previous year. It reported increase in revenue by 10.06% to Rs 41.24 million in 2006 from Rs 37.47 million in 2005.