Veljan Denison Limited
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BSE Code:
505232
NSE Code:
VELJAN
Business Profile
Business Profile
Denison Hydraulics India (HAGDENSI), part of the Parker Hannifin HPD (USA) group, is an industrial manufacturer and services hydraulic fluid power systems and components. It was incorporated in 1973.
The company produces hydraulic pumps and motors including vane pumps and motors, piston pumps and motors, and radial piston motors; electronic components, HydraCOOL system, and OASIS system; valves and manifolds. The products find applications in mobile equipment and machinery used in the construction, demolition, mining, utilities, agricultural, industrial manufacturing industries and marine equipment used in commercial and military sea vessels.
The manufacturing plant is located in the Medak district of Andhra Pradesh with an installed capacity of 30,000 hydraulic pumps, valves, and accumulator cylinders. The company has outlaid a capital expenditure of INR 150 million to increase its product range over a period extending upto 2008.
The registered office of the company is located at Plot No.44, 4th Floor, HCL Towers, Chikotigardens, Hyderabad-500016, Andhra Pradesh.
Financials
Denison Hydraulics India registered a profit of Rs 27.22 million for the quarter ended September 2007.
It recorded a net sales of Rs 176.81 million for the quarter. Total income was Rs 176.98 million for the quarter ended September 2007.
The earnings per share (EPS) of the company stood at Rs 15.12 for the quarter ended September 2007.