Golkonda Aluminium Extrusions Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
58.54% Gain from 52W Low
5.8
TTM PE Ratio
Low in industry
7.2
Price to Book Ratio
Below industry Median
1.3
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
66.2
MFI
MFI Overbought
75.6

Golkonda Aluminium Extrusions Ltd shareholding Pattern

Promoter
5.7%
Public
94.3%
Promoter
48.4%
Public
51.6%
Promoter
48.4%
Public
51.6%
Promoter
48.4%
Public
51.6%
Promoter
48.4%
Public
51.6%
Promoter
48.4%
Public
51.6%

Golkonda Aluminium Extrusions Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
18.80
10Day EMA
17.90
12Day EMA
17.60
20Day EMA
17.00
26Day EMA
16.70
50Day EMA
16.40
100Day EMA
16.30
200Day EMA
16.40
5Day SMA
18.80
10Day SMA
17.90
20Day SMA
15.90
30Day SMA
16.20
50Day SMA
16.00
100Day SMA
16.80
150Day SMA
15.80
200Day SMA
15.40
Delivery & Volume
Resistance & Support
19.11
Pivot
Resistance
First Resistance
19.97
Second Resistance
20.39
Third Resistance
21.25
Support
First Support
18.69
Second support
17.83
Third Support
17.41
Relative Strength Index
66.17
Money Flow Index
75.63
MACD
0.91
MACD Signal
0.43
Average True Range
1.24
Average Directional Index
24.33
Rate of Change (21)
19
Rate of Change (125)
37.70
Peer comparison
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Market Cap
52W Low
52W High
Sudal Industries Ltd.
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Synthiko Foils Ltd.
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Golkonda Aluminium Extrusions Ltd.
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Hind Aluminium Industries Ltd.
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Bothra Metals & Alloys Ltd.
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Palco Metals Ltd.
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Maitri Enterprises Ltd.
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Golkonda Aluminium Extrusions Ltd Company background

Founded in: 1988
Golkonda Aluminium Extrusions Limited was originally incorporated on 22nd August, 1988 under the name of Progressive Aluminium Limited to produce extrusions and went into production in 1991. In December, 1993, the Management of the Company was taken over by Pennar Group of Hyderabad through which, its name changed to Pennar Profiles Limited. With effect from Mar.94, the name of the Company was changed from Progressive Aluminium Limited to Pennar Profiles Limited (PPL). During the year 199596, the company has completed modernisation expansion. 900 Tonne extrusion press was installed the capacity of connected handling equipment was increased from 350 TPM to 500 TPM. It also made a Rights issue of 4,07,000 nonconvertible debentures of Rs 100 each for cash at par with detachable equity warrants in the ratio of 1:1 to be exchanged with equity shares of Rs 10 each at a premium of Rs 5 per share.During 199697, the company has been accredited with ISO 9002 certification by KPMG Peat Marwick LLP, USA.Due to continued financial difficulties and incurred losses in the year 199899, the Company was declared as a Sick Company by BIFR and appointed Industrial Finance Corporation of India Limited (IFCI) as the Operating Agency for rehabilitation. The companys proposal to obtain financial assistance through External Commercial Borrowing (ECB), due to its high export performance in the international market, did not materialise due to nonavailability of lenders guarantee. Subsequently, O S Metallhandel, GmbH, (OSMG), a German company active in trade of aluminium extrusions, showed interest in the revival of the company and has offered to undertake exports of aluminium extrusions manufactured by the company upto 400 tonnes per month.The rehabilitation scheme prepared by IFCI, approved by the Board and submitted to BIFR recommends induction of OSMG, which is part of the group whose flagship company is Danmetal A/S (Denmark), as a copromoter and waiver of entire outstanding interest dues payable to Financial institutions and banks through reliefs and concessions. Pending BIFR sanction, other measures are one time settlement of dues towards FIs and banks, amounting to Rs.164 million, payable in three annual instalments including upfront payment, reduction in equity share capital, part conversion of loan into equity. It has also recommended investment by OSMG and their associates to the tune of Rs.59.8 (US 1.30) million of which Rs.32.2 million will be towards equity and the balance as unsecured loan which has been agreed to by OSMG.During the year 2005, Alumeco Group, Denmark along with IFU Denmark (an Industrial Fund for Developing Countries) took over the Company and its Management and the name of the Company was changed to Alumeco India Extrusion Limited (AIEL). Thereafter, in 2015, the name was again changed to Golkonda Aluminium Extrusions Limited.In May 2016, the Company got into an Asset Purchase Agreement with Sagar Asia Private Limited for the sale of the whole of assets of the Company. In July 2017, Mrs. Utpal Agrawal Mr. H. P. Agrawal (the Acquirers) got into Share Purchase Agreement with Alumeco Group, Denmark (the existing promoters of the Company) for purchasing their entire shareholding in the Company and taking control over the Company, after complying with Takeover Regulations.
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