NRC Limited
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BSE Code:
503780
NSE Code:
NRC
Business Profile
Business Profile
NRC (NRC), incorporated in September 1946, is engaged in the manufacture of yarns and chemicals. Formerly known as National Rayon Corporation, it got its present name on Feb. 24, 1995. The company is part of the Duncans-Goenka group, which has G.P. Goenka`s Duncans Industries as its flagship company.
Operating in the three segments of rayon, nylon and chemicals, the company has its manufacturing unit located in the Thane district of Maharashtra with a 24 MW capacity captive power plant. It manufactures viscose filament yarn with an installed capacity of 16,000 MT per annum in the rayon segment. Nylon tire cord, nylon filament and industrial yarn, are offered, which find application in the textile and tire manufacturing industries. The acquisition of 12 TPD Nylon-6 tire yarn plant with spin draw machinery has increased nylon tire cord capacity to 12,000 TPA. The chemicals division manufactures caustic soda, sulfuric acid, carbon-disulphide, sodium sulphate anhydrous, hydrochloric acid, compressed and uncompressed hydrogen and sodium sulphide. The company has been accumulating losses over the years.
The registered office is at Ewart House, Homi Modi Street, Mumbai-400001.
Financials
NRC registered a loss of Rs 493.4 million for the quarter ended March 2008.
Net sales declined 61.31% to Rs 384.6 million for the quarter ended March 2008 from Rs 994.1 million for the quarter ended March 2007.
Total income dipped 65.49% to Rs 351.4 million from Rs 1,018.2 million for the quarter ended March 2007.
The loss per share of the company stood at Rs 33.66 for the quarter ended March 2008.