The 5-year analysis of Cranex Ltd's performance infers:
We analysed the performance of Cranex Ltd share prices over the last 10 years. Here is what we found out:
Cranex was incorporated in 1973 as a private limited company and has a track record of uninterrupted profit every year from its very inception. It was converted into a public limited company in 1985 and went public when its shares were heavily over subscribed, raising the equity from Rs 2 million to Rs 14.5 million and became a quoted company, listed at Bombay and Delhi Stock Exchanges.
To fund diversification and growth plans, a rights issue was made raising the equity from Rs 14.5
To fund diversification and growth plans, a rights issue was made raising the equity from Rs 14.5 million to Rs 43.6 million. Cranex has its works located at Sahibabad Industrial Area, admeasuring approx 10,000 Sq.Mts. about 14kms. from the heart of the main business centre, Connaught Place, New Delhi. Vast area of land and infrastructure available for expansion and growth.
Technological upgradation and innovation being the key to its modernization drive, Cranex has a strategic alliance with Kuhnezug of Hamburg, Germany, a world leader in latest Crane technology and Ikusi, Spain for Remote Control Systems.
While great challenges lie ahead as India goes through its most momentous transformation ever, tremendous opportunities also exist. The new focus of Cranex is on manufacturing International quality products at competitive prices, taking advantage of our low-costs and technological prowess to position itself as a worthy global player.Different divisions of the company:
Engineering- To further consolidate its leadership in high-tech Crane technology, Cranex has upgraded its manufacturing facilities to produce still higher capacity Cranes upto 250 tonnes. We have recently introduced the latest Remote Radio Control technology for Crane and other applications.
Information Technology- Information Technology has gone through a lot of changes or we should say it is a revolution that has come into the Business world. Cranex has moved a step ahead and is now a well known name in the IT industry. Cranex undertakes all types of Software Development Projects and Internet and Intranet Application based projects. With a very efficient presence in the Cyber hubs, Cranex has a competitive edge.
International Trade- To attain the twin objectives of global contacts and tax free Export earnings, the company is actively engaged in International Trade in the Exports of Garments, Handicrafts, and Engineering Parts to USA, Europe, etc.
Products and services:
Cranex is one of the leading crane manufacturers having supplied equipments to all parts of the country. Cranex specializes in the design & manufacture of high-tech Cranes for strategic defence installations, nuclear and space installations, besides railways, power plants and other very high-priority Govt. projects. Cranex has earned a reputation of being one of the most technically advanced crane manufacturing companies in India.
Some of the most complicated & highly sophisticated Cranes for Ballistic Missiles, Satellite launch, Atomic Energy and other applications have been designed, manufactured and installed by Cranex to the satisfaction of all concerned.
Product manufactured by the division:
Both double girder and single girder cranes upto 60 meters span and 150 tonnes. Various types of Jib Cranes like Wall mounted Column mounted with Pull/Hand geared/Electric Swivelling are offered.
Cranex aims to provide knowledge-based software and emphasizes on the fact that Information Technology Sector needs the involvement of dedicated and qualified team to take India to the heights of success and recognition worldwide.
Cranex provides complete solution to the business world. With a very effective, dedicated and intelligent team involved in developing high quality Software Products, efficient Web-Based Solutions and Intranet Applications, Cranex marks its presence everywhere