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Apollo Tyres: Wrong side!

Nov 3, 2004

Apollo Tyres, India’s leading tyre manufacturer announced its 2QFY05 results last week. The company has continued to witness pressure at the operating level. As a consequence, despite a 5% YoY growth in topline, bottomline has fallen by around 14%. For the half yearly period, the corresponding figures stood at 9% and a negative 15% respectively, on a YoY basis. If it were not for the other income the bottomline performance would have been even worse.

Bharat Forge: Growth story continues

Oct 26, 2004

Bharat Forge, world’s second largest forging company, has reported robust 2QFY05 and 1HFY05 results. During the quarter, while the topline of the company has grown by a strong 42% YoY, pressure at the operating level and higher tax provisioning has resulted into the bottomline growing at a lower rate of 29% YoY. The corresponding figures for the first half stood at 40% and 29% respectively.

Exide: Will it continue to charge?

Sep 22, 2004

Riding on the back of robust auto sales, Exide, India's largest automotive battery manufacturer has seen some significant buying interest in recent times. In this article let us throw some light on the company's recent performance and on the future prospects of the same.

Bharat Forge: Eyeing global leadership

Apr 7, 2004

Bharat Forge (BFL), the world's second largest forging company, is aiming to acquire global leadership and in order to fulfill these global designs, the company acquired a Germany based blue chip forging company, Carl Den Peddinghaus (CDP), for a total consideration of US$ 35 m (Rs 1.5 bn). In this article, let us try and analyse the current deal and also have a look as to what the company is further doing to achieve global leadership.

Auto ancillaries: Huge potential

Jan 5, 2004

While some Indian companies were winning plaudits for their work in the services field such as IT and BPO, companies from the manufacturing sector weren't exactly treading the same path. However, if the developments that have taken place recently in the auto ancillary industry are any indication, it won’t be long before the auto ancillary industry in the country does a repeat act. And this newfound optimism in the industry is not without reason.

Sundram Fasteners: Global designs

Dec 24, 2003

Sundram Fasteners Limited (SFL), one of the largest manufacturers in the fastener industry, recently acquired the precision forging business of Dana Spicer Europe for a total consideration of GBP 1.5 m (Rs 12 crores). The division is located at Northumberland UK and has been hived off as a new company called Cramlington Precision Forge Ltd (CPFL) and would be a fully owned subsidiary of SFL.

MICO: An overview

Dec 19, 2003

Motor Industries Company Limited (MICO), a member of the Bosch Group (Germany), is the country's leading manufacturer of automotive Spark Plugs and Diesel Fuel Injection Equipment. In addition, MICO also manufactures Industrial Equipment, Auto Electricals and Hydraulic Gear Pumps for tractor applications.

Bharat Forge: Poised for higher growth

Dec 15, 2003

Bharat Forge, one of the largest forging companies in the world, was in the news recently on account of the company’s acquisition of a German forging company, Carl Den Peddinghaus GmbH.

Munjal Showa – Riding high

Oct 13, 2003

Munjal Showa was formed as collaboration between the Hero Group (39%) and Showa Corporation, Japan (26%). The company is the sole supplier of shock absorbers to Hero Honda Motorcycles and Honda Scooters and Motorcycles. Bulk of the company’s revenues is generated from the two-wheeler segment.

Munjal Showa net profit slides 21% in 2QFY2000

Nov 1, 1999

Auto ancilliaries company Munjal Showa's net profit has declined by 21% to Rs 34 m in second quarter ended September 30, 1999. Turnover shot up 21% to Rs 487 m during the same period.


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