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    BUTTERFLY GANDHIMATHI APPLIANCES LTD.

    22 November 2024 | 12:00

    Industry >> Domestic Appliances

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    ISIN No INE295F01017 BSE Code / NSE Code 517421 / BUTTERFLY Book Value (Rs.) 162.97 Face Value 10.00
    Bookclosure 05/11/2021 52Week High 1250 EPS 4.13 P/E 190.23
    Market Cap. 1405.69 Cr. 52Week Low 675 P/BV / Div Yield (%) 4.82 / 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.
    The company was promoted by Sri. V.M. Lakshminarayanan and Sri. V.M. Kumareason. The company weas originally incorporated as a Private Limited Company on 24th February '86 and was converted into a Public Limited Company on 25th April, 1990.

    The company started business in the year 1986 mainly as a trading concern. The commercial production of LPG stoves and Geysers started in October 1987. This was followed by commercial production of Mixer/ Grinders from October 1989. Presently the Company is engaged in manufacture of LPG stoves, Mixer/Grinders and Geysers.

    PROMOTERS AND THEIR BACKGROUD:

    The Company was initially promoted by Sri. V. M. Lakshminarayan and Sri. V.M. Kumaresan, sons of Sri V. Murugesa Chettir. Subsequently Sri Murugesa Chettiar and his other two sons namely Sri V.M. Seshadri and Sri V.M. Balasubramaniam also joined the company as promoters with equity stake.

    The company is an existing profit making unit. The Board after appraising the market potential is of the view that there is a good possibility of expanding the market for the Company's products.

    1886-1989

    -1. Brand Butterly is born

    -2. 1st to launch Stainless Steel pressure Cookers and Vacuum flasks in india

    - 3. Launched LPG Stoves & Mixer Grinders

    1992-1994

    - 1. Invented Brazing Machine with inhouse technology which replaced the hazardous copper plating process for pressure cooker/utensils -indigenous substitution for imported technology

    - 2. Listed on BSE

    1998-1999

    1. Awarded patent for 3 conical Stone Table Top Wet Grinder

    2. Bagged Indias Firsts ISO 9000 certificate for LPG Stoves & Mixer Grinders

    2007

    -Mr. D Krishnamurthy has been appointed as Additional Director on the Company

    2011

    -Gandhmthi App Bags large Tamil Nadu Government Orders worth approx. Rs. 285 crores

    -Mr. V. M. Seshadri has been appointed as Managing Director of the Company 

    -Company has changed its name from Gandhimathi Appliances Ltd. to Butterfly Gandhimathi Appliances Ltd.

    2012

    -Butterfly Gandhimathi Appliances bags order worth Rs 460.50 cr from Tamil Nadu Civil

    2013 -The Company has decided to recommended dividend of Rs. 2.50 per equity share of paid up and face value of Rs. 10/- each -Butterfly Gandhima - Bags Order aggregating Rs. 204 crores -Butterfly Gandhimathi bags Rs 204 cr order from Tamil Nadu Civil Supplies -Butterfly Gandhimathi Appliances Ltd has decided to recommended dividend of Rs. 2.50 per equity share of paid up and face value of Rs. 10/- each

    2014 -Butterfly Gandhima - Completion of 'Slump Sale' purchase -Butterfly Gandhimathi Appliances Limited acquires Domestic Kitchen & Domestic Electrical Appliances division from Associate Company LLM Appliances Limited

    2015 -Butterfly Gandhimathi Appliances Ltd has bagged Tamil Nadu Civil Supplies Corporation Order worth Rs. 510 crores.

    2016 -First in India to be awarded "BEE Label with 2-star rating" for manufacture of LPG Stoves.

    2017 -Frameless Glass Top Stoves launched in 2017.

    Way2Wealth Brokers Private Limited - CIN U67120KA2000PTC027628 Stock Broking: SEBI Regn No.: INZ000178638 | Exchange Membership ID: NSE: 11502, BSE: 3117, MSEI:51000, MCX: 56730 Depository Participant: SEBI Regn No. IN-DP-472-2020 | CDSL ID: 12062900 & 12031500, NSDL ID: IN303077 PMS: SEBI Regn No.INP000000829 | Register with AMFI ARN: 77558 (Date of Initial registration - 8th Dec 2009, Date of expiry - 24th Jan 2027) | PFRDA: POP226012019

    Way2Wealth Commodities Private Limited - CIN U51229KA2006PTC039880 Stock Broking: SEBI Regn No.: INZ000049130 | Exchange Membership ID: NCDEX : 00908

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