358.60 -2.30 (-0.64%)
NSEJan 21, 2021 12:28 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2017-08-17||Technocraft Industri.. +||Axis Direct||402.05||402.05 (-10.81%)|
Call Closure: The net profit decline by 33.9% in Q1FY18. TIIL is unable to pass on the increase in cost to its customers.The company is expanding into textile business, moving away from core business of drum closure and scaffolding business. Hence, we close the call.
|2017-06-02||Technocraft Industri.. +||Axis Direct||435.15||486.00||435.15 (-17.59%)||Target met||Buy|
|2017-02-17||Technocraft Industri.. +||Axis Direct||425.50||466.00||425.50 (-15.72%)||Target met||Hold|
|2016-12-19||Technocraft Industri.. +||Axis Direct||373.00||433.00||373.00 (-3.86%)||Target met||Buy|
Technocraft Industries (India) Ltd (TIIL)'s revenues and earnings (standalone) for Q2FY17 increased 18.8% Y-o-Y and 29.3% Y-o-Y to Rs 203 Cr and Rs 28 Cr respectively. Margin for Q2FY17 contracted 1.1 percentage points to 18.8%on account of higher trading purchases. Revenues from scaffoldings busi..
|2016-11-07||Technocraft Industri.. +||Karvy||381.75||381.75 (-6.06%)||Hold|
Corporate Structure is Restructured; Overall Positive Performance During H1FY17: approved demerger of manufacturing and financial services businesses into two different entities. The carved out manufacturing undertakings shall be brought under TI FinancialHoldings ltd (TIFHL) and residual financial services businesses to remain under TIIL. The ratio for demerger under consideration stands at one share of TIFHL of face value of Rs.1 for one share held in TIIL of Rs.2 each. TIILs face value post demerger shall stand reduced to Rs.1 each and the holding pattern of TIFHL shall be a mirror image of TIIL
|2014-08-19||Technocraft Industri.. +||Systematix Group||181.90||181.90 (97.14%)||Buy|
Technocraft Industries (India) Ltd. (TIIL) is a diversified industrial company, holding a market leadership position in the global Steel Drum Closures, Scaffolding and Formworks industries. TIIL is the world's second largest manufacturer of Steel Drum Closures including Tite Seal Flanges & Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems, with a market share of c.36% in FY13. Through aggressive marketing and capacity expansion in the fast growing Chinese market, TIIL's market share is expected to increase to c.38% by 2016. In Building Materials, the company primarily manufactures Industrial Scaffolding & Formworks, wherein TIIL is aggressively...