Gujarat Apollo Industries Limited
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BSE Code:
522217
NSE Code:
GUJAPOLLO
Business Profile
Business Profile
Gujarat Apollo Industries (GUJAPOIND), an Apollo group company, is engaged in the construction of roads and manufacturing maintenance equipment. The company was incorporated on Oct. 7, 1986.
The company provides products to the road-building industry which includes asphalt plants (batch type portable plants, ultra mobile asphalt plants, drum type plants, drum type mobile plants), paver finishers (mechanical and hydrostatic), wet mix plants, bitumen sprayer, kerb pavers (extrusion type KP 40, slip form type KP 1200), compaction equipment (small to medium sized soil and asphalt compactors.), crushing and screening machines (mobile tyre/track/skid), road marking machines (manual/semi automatic and fully automatic), rollers, and allied equipment (cold milling machines, broomers, chips spreader, asphalt storage and heating solutions, etc).
The company is ISO 9001-9002 certified and has a technical know-how agreement with TDS, Germany for designing and manufacturing crushers and aggregate producing equipment. The AP 550 paver is now widely used in border roads organization. The first plant supplied into Kosovo, which highlights specially designed features for cold operating conditions, has been fully commissioned. Four asphalt plants have been commissioned in Australia.
The company caters its services to private corporate customers, small contractors and government and semi-government agencies. The company has supplied 3,000 plus asphalt paver finishers, 1,000 plus asphalt plants, 400 plus wet mix plants, and 500 plus bitumen sprayers across the globe. The company has topped the global list of suppliers for asphalt plants in the reconstruction of Afghanistan.
The registered office of the company is at Ditasan, Post Jagudan, State Highway,
Mehsana-382710.
Financials
Gujarat Apollo Industries registered a 25.31% growth in net profit to Rs 39.71 million for the quarter ended June 2007 from a profit of Rs 31.69 million for the quarter ended June 2006.
Net sales rose 6.68% to Rs 357.97 million for the quarter ended June 2007 from Rs 335.57 million for the quarter ended June 2006.
Total income rose 7.7% to Rs 362.35 million for the quarter ended June 2007 from Rs 336.43 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 3.78 for the quarter ended June 2007.
Recent Developments
24-DEC-07
Gujarat Apollo Industries said that the management of the company has concluded the negotiations for the disinvestment of its 49% holding in Johnson Screens (India), a joint venture company with Johnson Screens, USA (A Weatherford company).
04-SEP-07
On Aug. 30, 2007, the company proposed to issue 550,000 warrants to the promoters/promoters group at a price of Rs 180 aggregating to Rs 99 million.
Future Plans
Gujarat Apollo Equipments plans to set up a wholly-owned subsidiary to consolidate the manufacturing of mobile construction equipment at a new location. The new entity shall add several products to further enhance the company`s product line.