Query Trends : Mahindra Comp

Query Trends : Pls give me more info about Mahindra Comp? Sachin

Thebullishtrends : Mahindra Composites shares are trading at Rs.61. Mahindra Composite Ltd (formerly known as Siro Plast Ltd) was established in the year 1982 with a technical collboration with Menzolite, Germany. The objective of this company is to provide innovative applications to in the Automotive Electrical and consumer durable segment of the industry.

Mahindra Composites have been the pioneers in India to setup ( SMC ) Sheet Molding Compound machine with 48” width, besides having expertise in ( DMC / BMD ) Dough / Bulk Molding Compounds for Compression and Injection molding applications in ‘90’s it self. Few of its significant developments have been the “ Halogen Free” materials for electrical Applications, achieving UL094 approvals with V0 fire retardant properties and automotive applications for Head Lamps with antifogging properties at elevated temperatures. It is having very good clientle list TELCO, Bajaj Auto,Ashok Leyland, TVS etc for auto components.

It posted Rs. 8.20crore sales and Rs.0.35 crore net profit for the 2nd quarter end, when it compared to last year the same period sales rose by 20.06% and net profit rose by 191.67%percent,the total share capital of the company is just Rs.4crore only.