implementation of strategic price hikes across ODM business of washing machine & lighting.
- Strengthened balance sheet with reduction in gross debt by ₹223 Cr in the same period, net debt now at ₹68 crores, with net debt to equity of 0.06 as on 31st December 2022.
- Improved ROCE & ROE to 26.3% & 22.3%, respectively, as on 31st December '22.
- Revenues from Consumer Electronics were low about 39%, led by 17% lower volumes as Diwali was 1 month earlier.
- Co getting into new product categories, like the starting strips & rope lighting.
- New plant for LED lighting components in Dehradun will be again operational in March '23.
- Capital employed in this business has been reduced by ₹161 crores on account of huge focus on current investment.
- Margins from Home Appliance improved both YoY & QoQ, led by passing on impact of commodity cost & exchange rate fluctuations to customers, improved operating leverage & cost optimization measures.
- In Mobile phones & EMS segment got large orders from Nokia for feature phs.
- Bagged a very large order of HD Zapper set up box from Airtel & mass production will start by Q2 of next fiscal.
- Won large business of Android set-up boxes in partnership with global ODM.
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Co is engaged in the mfg of electrical transformers. Its product portfolio comprises oil-filled power & distribution transformers up to 160 mega volt ampere (MVA), 220 kilovolt (KV) class &
dry type transformers up to 12.50 MVA, 33 KV class.
Co owns & operates 2 manufacturing facilities which are located at Makarpura & Savli in Baroda, Gujarat with an aggregate installed capacity of 13,000 MVA per annum.
Co had entered into technical collaboration in the past with M/s HTT, Hann Munden, Germany for mfg Cast resin(dry type) transformers for offering products in line with latest technology. M/s HTT are pioneers in the field of manufacturing cast resin transformers.
Co has a presence across the globe with more than 750 references in more than 75 countries. It began as a supplier of an ethanol plant, today it is a global company providing various solutions
with a focus on the environment, energy & agri-process industry.
Praj Hipurity Systems, a wholly owned subsidiary, offers water systems (WS), modular process systems (MPS) as well as value added services (VAS) to customers in biopharma, sterile formulations, topical & orals, cosmetics & personal care & nutraceutical industry.
Co is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector & has a fleet of medium to large-size hydraulic truck mounted telescopic
& lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 800 tons.
Co is the largest crane hiring company in India & ranked 5th in the world by “Cranes International'' a Crane Journal. Co is engaged in the business of providing medium sized
Heavy Duty Cranes on rental basis to various private & public sector undertakings.
Co claims to have over 40-45% of the market share in the overall domestic crane rental market & around 60-65% per cent market allocation in the high-end crane market of >400 MT.
Co is the pioneer manufacturer of Progressive Cavity Pumps in India, renowned for providing efficient & reliable pumping solutions to a diverse range of industries including Wastewater, Sugar,
Paper, Paint, Oil & Gas, Chemicals & Process, Ceramics, Food & Beverages, Renewable Energy & Power, Mining & Explosives, Marine & Defense. The co is exporting to more than 50 countries.
Co’s product line comprises of Progressive Cavity Pumps and Twin Screw Pumps to meet most
varied pumping requirements. Progressive Cavity Pumps have applications in fluid metering & pumping of highly viscous, abrasive or shear sensitive materials, the Twin Screw Pumps are used for clean, lubricating, nonlubricating as well as aggressive liquids. Co offers
Co is an engineering led manufacturer of complex & critical precision engineered components across automotive & non automotive sectors. The co manufactures & supplies a wide range of
precision forged & machined components for the automotive sector & for non - automotive sector it manufactures & supplies a wide range of precision components for aerospace, offroad, agriculture & other segments.
Co has established itself as one of the leading manufacturers of high precision components in the Automotive & Non Automotive space. It has been one of the top 10 global suppliers of connecting rods within the light vehicle segment & Commercial Vehicle segment.
Co is a leading player in the field of Welding Products, Technologies & Services. It is also engaged in providing customized solutions for multi disciplinary projects & contracts related to refineries, oil & gas, petrochemicals, etc.
Co is engaged in the manufacturing of welding consumables. It offers a wide variety of electrodes, fluxes & flux-cored wires.
Co is also into welding & cutting equipment, gas cutting products, welding automation products & systems, personal protective equipment & accessories.
The flares & Process Equipment business of the company is engaged in providing customized solutions for projects & contracts.
Co has introduced a number of welding products such as champ pulse 500,mig 400,T400 for enhanced quality, precision & durability.