Inducto Steel Ltd's earnings have declined by -190.5%, whereas share price has declined -3.1% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.
Inducto Steel Ltd share price has declined -4.3% annually (CAGR) over the past ten years.
Data is not available for this company.
Inducto Steel was incorporated as Private Limited on November 29, 1988 in the State of Gujarat under the Companies Act, 1956 and subsequently converted into Public Limited Company by passing a Special Resolution on 12.12.1994. The company has obtained fresh certificate of change of name under the Companies Act, 1956 dated 10.02.1995 from Registrar of Companies, Gujarat, Ahmedabad.
In 1989, the company took up project to manufacture steel castings and ingots and started commercial
In 1989, the company took up project to manufacture steel castings and ingots and started commercial production in November, 1989. The company made cash profit of Rs. 18.03 lakh in first year of operation i.e. 1989-90 and thereafter making profits consistently. The company has become partner in Hariyana Impex, engaged in merchant exports, from 1st April, 1995 for a share of 15%.
Business areas of the company: The company was incorporated for manufacturing of Steel Castings and Ingots.