KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Jan 21, 2025 >>  ABB India 6279.6  [ -3.73% ]  ACC 2020.75  [ 0.56% ]  Ambuja Cements 531.65  [ -0.52% ]  Asian Paints Ltd. 2259.65  [ -0.90% ]  Axis Bank Ltd. 969.75  [ -1.87% ]  Bajaj Auto 8450  [ -1.08% ]  Bank of Baroda 229.6  [ -1.12% ]  Bharti Airtel 1625.9  [ -0.93% ]  Bharat Heavy Ele 209.4  [ -3.44% ]  Bharat Petroleum 280.2  [ 1.08% ]  Britannia Ind. 4894.6  [ 0.21% ]  Cipla 1425  [ -1.45% ]  Coal India 381.5  [ -1.43% ]  Colgate Palm. 2729.05  [ 0.79% ]  Dabur India 521.85  [ 0.11% ]  DLF Ltd. 737.85  [ -2.95% ]  Dr. Reddy's Labs 1288.45  [ -1.04% ]  GAIL (India) 179.95  [ -1.18% ]  Grasim Inds. 2378  [ -0.88% ]  HCL Technologies 1804.5  [ 0.49% ]  HDFC Bank 1641.75  [ -0.58% ]  Hero MotoCorp 4023.9  [ -1.69% ]  Hindustan Unilever L 2340.4  [ -0.21% ]  Hindalco Indus. 616.15  [ -0.31% ]  ICICI Bank 1196.1  [ -2.98% ]  IDFC L 108  [ -1.77% ]  Indian Hotels Co 760.15  [ -4.15% ]  IndusInd Bank 960.35  [ -1.06% ]  Infosys L 1799.8  [ -0.74% ]  ITC Ltd. 437.25  [ -0.11% ]  Jindal St & Pwr 919.95  [ -1.47% ]  Kotak Mahindra Bank 1893.4  [ -1.36% ]  L&T 3555.2  [ -0.87% ]  Lupin Ltd. 2103.4  [ -1.34% ]  Mahi. & Mahi 2824.55  [ -2.17% ]  Maruti Suzuki India 11920.75  [ -0.79% ]  MTNL 49.05  [ -5.03% ]  Nestle India 2199  [ -0.61% ]  NIIT Ltd. 165.55  [ -3.19% ]  NMDC Ltd. 66.26  [ -1.25% ]  NTPC 324.25  [ -3.51% ]  ONGC 266.1  [ -1.08% ]  Punj. NationlBak 100.3  [ -0.74% ]  Power Grid Corpo 302.3  [ -1.35% ]  Reliance Inds. 1272.95  [ -2.46% ]  SBI 759  [ -2.57% ]  Vedanta 453.9  [ -1.41% ]  Shipping Corpn. 201.4  [ -2.85% ]  Sun Pharma. 1763.6  [ -0.69% ]  Tata Chemicals 959.7  [ -1.22% ]  Tata Consumer Produc 972.7  [ 1.25% ]  Tata Motors 759.95  [ -1.84% ]  Tata Steel 129.65  [ -1.52% ]  Tata Power Co. 365.95  [ -2.27% ]  Tata Consultancy 4034.35  [ -1.04% ]  Tech Mahindra 1640.75  [ -2.00% ]  UltraTech Cement 10705.05  [ 0.76% ]  United Spirits 1433.25  [ -1.70% ]  Wipro 298.3  [ -0.62% ]  Zee Entertainment En 120.6  [ -0.29% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Forex

  • Loading....

ACROW INDIA LTD.

21 January 2025 | 12:00

Industry >> Engineering - General

Select Another Company

ISIN No INE950D01012 BSE Code / NSE Code 513149 / ACROW Book Value (Rs.) 363.69 Face Value 10.00
Bookclosure 02/03/2023 52Week High 1020 EPS 16.00 P/E 43.81
Market Cap. 44.86 Cr. 52Week Low 600 P/BV / Div Yield (%) 1.93 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Acrow India Limited manufactures material-handling systems, sugar factory equipment, industrial storage solutions and electronic bulk-weighing systems.

Operating since 1960, Acrow is a sister concern of The Ravalgaon Sugar Farm Limited, a preeminent name in India's sugar and confectionery industries. Even today, Acrow's product portfolio includes Ravalgaon branded machinery for the sugar industry. Both Acrow and Ravalgaon are former members of The Walchand Group of Industries, a congolomerate that spanned India's construction, automobile and machinery manufacturing industries.

YEAR EVENTS 1960 - The company was incorporated on 10th March at Mumbai as a joint venture between Hindustan construction Co. Ltd. of the Walchand Group & Acrow (Engineers) Ltd., U.K. for the manufacturing of the world famous modern system of Acrow Steel formwork scaffolding & allied equipment for the construction industry Acrow (Engineers) Ltd U.K. provided the company with technical knowhow and plant and Machinery as a part of their capital. The company established a factory at Vikhroli in Mumbai.

- The company also has a well equiped design office and specialises in the manufacture of special purpose framwork system such as tunnel forms, skip forms, suspended forms etc. The main objective of the company is to manufacture steel formwork, scaffolding and allied equipment for the construction industry.

1979 - Till date, 426 shares issued pursuant to a contract without payment in cash and 427 shares issued as bonus shares.

1980 - 1,600 bonus shares issued in prop. 1:1.

1983 - 3,200 bonus shares issued in prop. 1:1.

1985 - The profitability, however, was adversely affected due to recesionary trend in the construction activity coupled with financail constraints in general.

1986 - On account of severe competition from unorganised and small scale sector coupled with high production cost price differential on account of excise and sales tax concessions available to small scale sector the company found it difficult to sell its products. The Vikhroli factory hence was closed down during 1988.

- Acrow Plc., U.K., the overseas collaborators of the company who held in the company 2,56,000 No. of equity shares out of 6,40,000 No. of equity shares of Rs. 10 each issued by the Company representing 40% of the total equity capital of the company, offered their total holding for sale to the Indian public at a premium of Rs. 21 per share during July.

- Out of this 12,800 shares to employees (including Indian working directors) workers of the company and 5,110 shares to business associates of the company were reserved for preferential allotment. Unsubscribed portion of 3,410 shares out of this preferential quota was added back to the public quota.

1988 - Competition from the small scale sector units and poor availability of raw material particularly thinner gauge of HR sheets continued to affect the Company's performance.

1989 - The company acquired a plot of land at Trans Thane Creek, MIDC, Thane and the manufacturing activity was to commence after competition of civil work there.

1995 - On 8th June, the company was entered into a Technical collaboration agreement of seven year duration with M/s. Bud-Pak Pty. Ltd. Australia for manufacture import, sale and export of automatic bag packaging/bagging, weighing and pallesting machinery and associated equipment.

2006

-The company has recommended dividend @10%

2011

-The company has recommended dividend @ 50%