Timbor Home is currently trading at Rs. 54.20, up by 2.90 points or 5.65% from its previous closing of Rs. 51.30 on the BSE.
The scrip opened at Rs. 51.55 and has touched a high and low of Rs. 57.40 and Rs. 51.55 respectively. So far 151425 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.95 on 01-Jan-2013 and a 52 week low of Rs. 19.00 on 28-Mar-2012.
Last one week high and low of the scrip stood at Rs. 52.95 and Rs. 38.30 respectively. The current market cap of the company is Rs. 80.94 crore.
The promoters holding in the company stood at 47.61% while Non-Institutions held 52.39% stake in the company.
Timbor Home has won an order for solid wood furniture worth approximately Rs 4 crore from Costal Gujarat Power (CGPL), a subsidiary of Tata Power Company for their Mundra Township project in Gujarat.
Earlier, the company had done similar furniture projects for housing colonies for large power projects in Haryana and Uttar Pradesh. The company has also tied up with various real estate companies in Gujarat, Rajasthan, Delhi, Mumbai, Dune, Hyderabad, lndore, Chennai and Bhubaneswar for furnishing their apartments with ready to use kitchens and furniture. The trend for fully furnished apartments is fast catching up in the country, with the real estate sector under pressure, offering value additions like kitchens and furniture works out as a win-win proposition for the builder and the customer.
Timbor Home is the largest manufacturer-retailer of modular kitchens and solid wood furniture in the country. The company makes a range of solid wood which is very durable in comparison to particle board furniture coming from other countries. The company is a fully integrated player and manufactures all the components in-house at its state-of-the-art, fully automated plants in Changodar, Vatva and Umreth. The in-house manufacturing capability helps the company to garner higher profit margins on its products compared to importers and traders of kitchens and furniture. The company has a Pan India retail presence in 81 cities with over 140 exclusive showrooms for its various products.