The 5-year analysis of Autoline Industries Ltd's performance infers:
We analysed the performance of Autoline Industries Ltd share prices over the last 10 years. Here is what we found out:
Autoline Industries (AIL) was incorporated on December 16, 1996, as Autoline Stampings. It was initially set up in January 1995 as a partnership firm known as Autoline Pressings under the Indian Partnership Act 1932, with a capital of Rs 0.30 million and term loan of Rs 0.15 million from State Bank of India and Cash Credit limit of Rs 0.05 million.
AIL has grown into a medium sized engineering and auto ancillary company manufacturing sheet
AIL has grown into a medium sized engineering and auto ancillary company manufacturing sheet metal components, sub-assemblies and assemblies for large OEMs in the automobile industry.
August 2004 was major turning point in Autoline's history. Tata Motors was looking to entrust the manufacture of the load body of their new mini truck to someone whose capabilities they believed in. It was a challenge, no doubt, to its highly skilled yet small team that had hitherto handled designs and manufacture of small and medium assemblies. However, being a team that enjoys challenges, Autoline got cracking and tackled the job so efficiently that in precisely 20 weeks, the first mini truck model named 'Ace' load body came off the assembly and six months later a 200 strong workforce was rolling out 150 load bodies in a three-shift day, as Ace became a runway success, six months down the line another fully automated line had to be set up to meet the demand of 300 units per day.
AIL is exporting auto parts i.e. brake shoes for Mercedes Benz trailers to Saudi Arabia, Dubai, etc. Further negotiations are at various stages with various Detroit-based auto component makers for direct exports. Due to excellent quality in work, cost competitiveness, timely deliveries and state-of-the-art Tool Room with latest CAD / CAM facilities, the company has, in a short span, become prime vendor to all the reputed Auto Manufacturers in and around Pune.
Business area of the company
The company is engaged in manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc.
Subsidiaries of the company
Raymond Moses– Founder MoneyWorks4me, guides you on how Mindset and System together form a complete solution that ensures you invest successfully in stocks, mutual funds and reach your goals…safely