The 5-year analysis of Gujarat Apollo Industries Ltd's performance infers:
We analysed the performance of Gujarat Apollo Industries Ltd share prices over the last 10 years. Here is what we found out:
Gujarat Apollo Industries was incorporated as a joint venture between Apollo Earth Movers and Gujarat Industrial Investment Corporation (GIIC) on October 7, 1986. It is the flagship company of Apollo Group of companies.
The company was originally known as Gujarat Apollo Equipments. It got the present name on November 28, 2006. In 1992, GIIC sold its holding to its promoter group.
Apollo is primarily engaged in the business of manufacturing various types of road construction and
Apollo is primarily engaged in the business of manufacturing various types of road construction and maintenance machinery with the assistance of technical tie-up with different foreign collaborators including Barber Greene, USA, Atlas Weyhausen of Germany, Nigatta Engineering of Japan, Cederapid of USA and KDS Holding of Germany. The other activities of the company are construction.
From a modest beginning, Gujarat Apollo today offers an entire range of road construction equipment that help in building roads that are safe, durable and economical. Apollo's mission is to retain the leadership through continuous research and development and world class technology availed through joint venture or technology transfers.
The company is committed to offer equipment best suited to meet the rising demands of the nationâ€™s world wide, meeting the quality standards technological sophistication and environment norms. It believes that customer satisfaction is achieved through quality of products and services, continuous improvement and up gradation of people process and procedure.
It has invested heavily in modern infrastructure, research and development and quality manpower that result in a product quality that more than meets the exacting quality standards of customers, international consultants and decision makers in governments.
Apollo as a group has diversified into road building, electronics, software development, industrial finance and environment protection.
With the state-of-the-art manufacturing facilities, ISO certified process, controlled production techniques combined with top quality raw materials, Gujarat Apollo delivers such high quality standards in the products that justifies the pride of ownership. They offer: