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Dynamatic Technologies disposes its non-core assets for about Rs 28.54 crore

05 Mar 2014 Evaluate

Dynamatic Technologies has recently disposed of its non-core assets for about Rs 28.54 crore. The company has taken this step in line with its initiatives to improve its Balance Sheet by reduction of debt. Similar initiatives underway are expected to reduce overall debt of the company by an estimated Rs 120 crore.

Dynamatic Technologies is engaged in the activity of manufacturing hydraulic gear pumps. It is also engaged in manufacturing a variety of advanced hydraulic valves, hydraulic pumping units, custom-made hydraulic solutions, marine power packs, turnkey industrial instrumentation, and complicated aircraft ground-support systems.

Peers
Company Name CMP
Kirloskar Brothers 1711.00
Elgi Equipments 573.85
Shakti Pumps (India) 424.65
KSB 786.00
Oswal Pumps 259.15
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