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Gujarat Apollo Industries Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 10ISIN Demat: INE826C01016
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Business Profile
Gujarat Apollo Industries (GUJAPOIND), an Apollo group company, is engaged in the construction of roads and manufacturing maintenance equipment. The company was incorporated on Oct. 7, 1986.

The company provides products to the road-building industry which includes asphalt plants (batch type portable plants, ultra mobile asphalt plants, drum type plants, drum type mobile plants), paver finishers (mechanical and hydrostatic), wet mix plants, bitumen sprayer, kerb pavers (extrusion type KP 40, slip form type KP 1200), compaction equipment (small to medium sized soil and asphalt compactors.), crushing and screening machines (mobile tyre/track/skid), road marking machines (manual/semi automatic and fully automatic), rollers, and allied equipment (cold milling machines, broomers, chips spreader, asphalt storage and heating solutions, etc).

The company is ISO 9001-9002 certified and has a technical know-how agreement with TDS, Germany for designing and manufacturing crushers and aggregate producing equipment. The AP 550 paver is now widely used in border roads organization. The first plant supplied into Kosovo, which highlights specially designed features for cold operating conditions, has been fully commissioned. Four asphalt plants have been commissioned in Australia.

The company caters its services to private corporate customers, small contractors and government and semi-government agencies. The company has supplied 3,000 plus asphalt paver finishers, 1,000 plus asphalt plants, 400 plus wet mix plants, and 500 plus bitumen sprayers across the globe. The company has topped the global list of suppliers for asphalt plants in the reconstruction of Afghanistan.

The registered office of the company is at Ditasan, Post Jagudan, State Highway,

The company announced fall of 49.67% in standalone net profit on y-o-y basis to Rs 56.21 million, while total income fell 73.93% y-o-y basis to Rs 175.13 million for the quarter ended March 2014.

Recent Developments
Gujarat Apollo Industries intends to make strategic investment by way of purchase of 26% of the total outstanding shares of Credo Mineral Industries (CMIL), an Ahemedabad-based public limited company in the business of mineral beneficiation for consideration of approximately Rs 130 million.

Gujarat Apollo Industries reported a sharp rise in standalone net profit for the quarter ended March 2013. During the quarter, the profit of the company rose 33.74% to Rs 111.68 million from Rs 83.50 million in the same quarter last year.

Gujarat Apollo Industries announced on Monday that its board of directors has recommended a dividend of 100% or Rs 10 a share for financial year 2012-13.

The Gujarat based Apollo Group, a market leader in road construction equipment business in India, has launched a strategic joint venture with the Amrnann Group of Switzerland

Gujarat Apollo Industries and Apollo Earthmovers complete the slump sale of their entire product portfolio of asphalt plants and the paver business (excluding the crushing and screening business) to Apollo Construction Equipments.

Gujarat Apollo Industries announced the incorporation of a wholly owned subsidiary, Apollo Maschinenbau in the Federal Republic Germany, near to the port of Hamburg. The company has the investment outlay approximately Euro 3,000,000 over next 15 months.

Future Plans
Gujarat Apollo Equipments plans to set up a wholly-owned subsidiary to consolidate the manufacturing of mobile construction equipment at a new location. The new entity shall add several products to further enhance the company`s product line.

In Brief

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