ANG Industries Ltd. manufactures and exports automotive components primarily for heavy commercial vehicles and trailers. Its products include fully dressed dummy axles, suspension systems, landing gears, automatic and manual slack adjusters, brake assemblies and components, brake shoes, spiders, worm and gear sets, s-cam shafts, and CNC machined components. ANG Industries offers these products for the original equipment manufacturers in India, the United States, the United Kingdom, Poland, and Australia. In addition, it involves in power and infrastructure related activities, including the manufacture of boiler support structures for super critical boilers, as well as manufactures special railway containers. The company was formerly known as ANG Auto Limited and changed its name to ANG Industries Ltd. in April 2010. ANG Industries was founded in 1991 and is based in New Delhi, India.
To reword the same we can say that ANG Auto is in the business of manufacturing and assembly of trailer axles, transmission components, air brake components, air brake assemblies and automatic slack adjusters, used in the manufacturing of heavy commercial vehicles. The company began commercial production in 1995, but the separate privately-held ANG Auto Private Limited and ANG Automotive Industries Private Limited were consolidated in 2005 to create ANG Auto Limited. The company is a part of the Indian components industry, whose exports crossed USD 1 billion in 2004. ANG Auto has manufacturing facilities in NOIDA, Najafgarh and Faridabad. For the year ended March 31, 2006, ANG Auto`s topline registered a growth of 189% to Rs 57 crore, while profit (PAT) rose by 830% to Rs 9.38 crore. The operating margins improved by 11%, while the return on invested capital was 30%. Following the amalgamation in December 2005, the promoters stake in the merged entity increased from 34% to 62%. ANG Exports had an equity of Rs 4.22 crore, of which the promoter held a 34% stake and ANG Auto had an equity of Rs 2.5 crore, held by the same promoters.
Financials
The company disclosed fall of 98.02% in standalone net profit on y-o-y basis to Rs 3.18 million, while total income increased 2.55% y-o-y basis to Rs 328.48 million for the quarter ended December 2010.
Are you looking for the Bank Nifty Trading Strategy, then you can not afford to miss our Bank Nifty Strategy today as we aim to trade less but trade accurately.
