The 5-year analysis of Arcee Industries Ltd's performance infers:
We analysed the performance of Arcee Industries Ltd share prices over the last 10 years. Here is what we found out:
Arcee Industries was incorporated in 1992 as a private limited company and was subsequently converted into a public limited company in January 1993. It got its present name in 1994.
The company started commercial operations in Hisar in September 1992. The installed capacity of 1550 tpa was subsequently raised from time to time and now the capacity is 13,544 tpa. The company came out with a public issue of Rs 298 lakh in March 1994 and a right issue of Rs 399.84 lakh in September 1995.
The company also set up a unit at Sadulpur (Churu district), Rajasthan. Its commercial operations commenced in August 1995 for manufacturing rigid PVC pipes with an installed capacity of 13,544 tpa. The company is mainly dependent on government orders for its products. But stiff competition in the PVC Pipe industry has made the company foray into the non-government sector.
During the year 2000-2001 the total production was 899 MT when compared to previous year of 374 MT. The total turnover of the company was 96% high when compared to previous year.
Business area of the company
The companyâ€™s principal activity is to manufacture rigid PVC Pipes. Its plant is located at Haryana.