The company is in the business of manufacturing ‘fluid couplings’, which are power transmission devices used in various basic industries such as thermal power plants, steel, cement, and other infrastructure-related businesses. The company has shown reasonable growth in revenues and profits in the recent past with no net debt as at 31 st March, 2011. It generated about 2.5 crores in net profits on revenues of 18 crores in the last financial year. The company was, however, a victim of financial restructuring several years ago as a result of severe losses (pre-2000) and erosion of reserves. It has now recovered its former losses and built up its net worth as a result of the recent good performance. Management has deployed retained earnings at reasonably attractive rates of return in the past and recently declared a dividend of INR 1/share on its equity shares. The company has apparently expended efforts to build its brand in the Australian and New Zealand markets apart from the do
An Individual Investor's Perspectives On The Indian Financial Markets