The 5-year analysis of Noesis Industries Ltd's performance infers:
We analysed the performance of Noesis Industries Ltd share prices over the last 10 years. Here is what we found out:
MVL Industries was incorporated on December 3, 1986 with Registrar of Companies (ROC), Delhi & Haryana and obtained certificate of commencement of business on December 11, 1986. The company is engaged in the assembly and marketing of quality consumer electronic goods under the brand name â€˜MEDIAâ€™.
MVL Industries commenced its operations in 1987 with the manufacture of pre-recorded video cassettes. In 1990-91 the company emerged as one of the major manufacturer of
MVL Industries commenced its operations in 1987 with the manufacture of pre-recorded video cassettes. In 1990-91 the company emerged as one of the major manufacturer of pre-recorded and blank video cassettes in Northern India. Presently it is holding the copyrights of about six hundred feature films. MVLâ€™s current range of products includes T.V. games and rechargeable emergency lights. Presently MVL is dominating the T.V games market in India with its various remote controlled/non remote controlled models.
In the year 1993, MVL further diversified, by launching rechargeable emergency lights. This product was also well accepted in the Indian market with the sales of Rs 28 lakh in the year 1992-93 (two monthsâ€™ figures only), the first year of launch of the product. For full year of working the sales volume of emergency lights was 12,861 pieces and in value terms it was Rs.1.31 crore.
In view of the past performance of the company and the acceptability and market penetration that â€˜MEDIAâ€™ brand has acquired, MVL now proposes to install its own injection moulding machines to process plastic moulded components of TV games and rechargeable emergency lights and also import new moulds for manufacturing of new range of models of these products.
Business area of the company
The company is engaged in manufacturing of electronic gadgets and entertainment products. The products include television game systems, television, home theatre systems, VCD/DVD players, educational computers, torches, flash lights, rechargeable fans and lights.