The 5-year analysis of Omax Autos Ltd's performance infers:
We analysed the performance of Omax Autos Ltd share prices over the last 10 years. Here is what we found out:
Omax Auto Ltd. was incorporated in 1983. It is a member of Munjal group of companies. The company is having a very broad customer base and supplies products to Maruti Udyog, Hero Honda, Escorts Bharat seats and other leading manufacturers of automobile industry. The company has also started supplying to SRF Nippon Denro Carrier Aircon and Eisher Mitsubishi on regular basis.
Fully attuned to evolving customer needs & requirements, over the years, the Omax group has grown from
Fully attuned to evolving customer needs & requirements, over the years, the Omax group has grown from strength to strength. It has not only multiplied its manufacturing and engineering capabilities in a big way, but also taken a giant leap in the highly dynamic international market. The group is working hand in hand with a multitude of new clients across many industries.
The company is amongst top Three companies in sheet metal and tubular segment â€“ (Process 85k Tons Steel pa) It is having the largest Sprocket manufacturing capacity (11 Million pa) in South East Asia.
The company is also having the largest Tri Nickel Chrome Plating facility (120 Million DM2) and the largest welding facility in India with 800 machines (100 Km welding capacity per day)
Product range of the company includes:
The company is a composite solution provider to different customer requirement.
Railway & Defense Supplies Metal Home Furnishing
1984 â€“ 90- Started commercial production at Dharuhera for Hero Honda- Went public and established 2nd Plant at Gurgaon
1991 - 98- Expanded customer base to include TVS- Expanded product profile to include complete 2 wheeler body frame- Certified ISO 9002 compliant by TUV â€“ Germany
1999 â€“ 03- Established 3rd facility at Sidhrawali- Expanded process capability to include paint shop with technology from ABB- Major expansion and upgradation of electro plating facility- Kaizen process initiated across all plants- New customers added â€“ New Holland Tractors, Honda Seil Cars- Set up separate Sprocket Division.
2003 â€“ 08- ISO/TS-16949, ISO-14001 & OHSAS - 18001 compliant- 6th Plant at Bangalore (Karnataka)- 7th Plant INDITAL at Dharuhera (Haryana).- Started Exports to North America and Europe: Delphi, Tenneco,, Piaggio.- Established 8th Plant at Binola (Gurgaon).- TPM Activities initiated.- SAP rolled out in all plants.- Diversified in Home Furnishing Business with IKEA â€“ Sweden.- Further diversified into Defence and Railway business as well.- Signed a Joint Venture Agreement with COC (China Oghiara Corporation),- Chassis project for TATA MOTORS under construction
OMAX AUTOS has established, documented, implemented and maintained an Integrated Management System in line with the requirement of ISO/TS 16949: 2002, ISO 14001:2004, OHSAS 18001:2007.