Hot Deals:
5 star business 505.00 (1.00 %) a v thomas 12,800.00 (-1.54 %) aether industries 642.00 amol minechem 620.00 (1.64 %) anglo french 720.00 (-5.26 %) apl metals 44.00 (-2.22 %) aricent 595.00 (-0.83 %) arohan 197.00 (-3.90 %) assam carbon 243.00 (-2.80 %) atlas copco 4,900.00 (6.52 %) auckland 135.00 (-3.57 %) axles 135.00 (-3.57 %) b9 bira 830.00 (-1.19 %) balmer lawrie van leer 300.00 bharat hotels 160.00 (-1.23 %) bikaji foods 340.00 (4.62 %) boat 1,175.00 (-2.08 %) c & s electric 400.00 capgemini 12,000.00 (-4.00 %) care health 145.00 (-3.33 %) carrier aircon 261.00 (-3.33 %) cial 185.00 (-0.54 %) csfbl 300.00 (-0.99 %) csk 178.00 (1.71 %) dalmia bharat refractories 95.00 (-4.04 %) delhivery 504.00 (-1.75 %) east india pharmaceutical 43.00 (2.38 %) eaton fluid 281.00 (0.36 %) electronica plastic 4,300.00 (2.38 %) elgi ultra 400.00 elofic 1,909.00 (0.47 %) epiroc 1,224.00 (-2.08 %) esl steel 47.00 (4.44 %) fincare 69.50 (-0.71 %) fino paytech 170.00 (-2.86 %) frick india 4,300.00 (-2.27 %) gkn drive 1,150.00 (-0.95 %) godavari biorefineries 71.00 (1.43 %) hdbfsl 656.00 (-2.09 %) hdfc ergo 363.80 hdfc securities 14,000.00 (-2.78 %) hella india 155.00 (3.33 %) hero fincorp 800.00 (-5.88 %) hicks 2,100.00 (-2.55 %) hira ferro 140.00 (-6.67 %) honeywell electrical 4,240.00 (-0.24 %) icex 6.00 (-13.04 %) incred financial 100.00 india carbon 1,300.00 (1.56 %) india exposition mart 132.00 (-2.22 %) indian potash limited 1,405.00 (0.36 %) indofil industries 710.00 (-3.40 %) infinite computer 700.00 inkel 12.95 (-0.38 %) ixigo 128.00 (-1.54 %) jana sfbl 75.00 kial 120.00 (-2.44 %) klm axiva 10.00 kurlon enterprise 660.00 (-1.49 %) kurlon limited 460.00 (-4.17 %) lava 155.00 (-3.13 %) manipal hfsl 72.50 (0.69 %) manjushree technopack 1,150.00 (-3.36 %) martin and harris 2,200.00 (-4.35 %) merino 3,050.00 (-1.61 %) minosha 320.00 (-1.54 %) mitsubishi heavy industries 355.00 (1.43 %) mkcl 415.00 (1.22 %) mobikwik 600.00 (-4.00 %) mohan meakin 1,250.00 (-3.85 %) mohfl 12.00 (1.69 %) msei 1.19 (-0.83 %) msil 54.00 (-1.82 %) nayara energy 165.00 (1.23 %) ncdex 275.00 ncl buildtek 250.00 (-6.02 %) ncl holdings 50.00 (-5.66 %) nse 3,411.00 (-0.26 %) orbis financial 72.00 (2.86 %) oswal minerals 42.50 (1.19 %) otis 4,000.00 (-2.44 %) oyo rooms 135.00 (0.75 %) panasonic appliances 306.00 (0.33 %) panasonic avc 29.10 (0.34 %) paymate india 700.00 pharm easy 59.00 (-1.67 %) philips domestic 603.00 (0.50 %) philips india 1,150.00 (-2.21 %) pnb metlife 70.00 ramaraju surgical 525.00 (-4.55 %) reliance general insurance 340.00 resins plastics 406.00 (0.25 %) ring plus 350.00 (-3.05 %) rrl 3,000.00 (-1.64 %) sabmiller 405.00 (-11.96 %) satya micro 200.00 scottish assam 654.00 (0.62 %) shriram life 251.00 (0.40 %) signify 1,126.00 (0.09 %) smile microfin 80.00 (-2.44 %) sri vishnu shankar 640.00 (-1.54 %) sterlite power 970.00 (2.11 %) studds 1,350.00 (-0.74 %) t stanes 675.00 tata tech 5,300.00 (-1.85 %) tmbl 515.00 (3.00 %) trl krosaki 1,390.00 (-0.71 %) utkarsh coreinvest 166.00 (0.61 %) vikram solar 51.00 (2.00 %) xerox 230.00 (1.77 %)
×

the canara workshops Limited

50.00
+ 0.00 %
Scrip Name
CANARA WORKSHOPS
ISIN No.
INE02US01015
PAN No.
AAACC9018M
Face Value
10
No. of Outstanding Shares
1,469,909
Market Capitalization
7.35 Crore

THE CANARA WORKSHOPS LIMITED


About the Company

Pioneers in springs steel technology and laminated leaf springs under the popular brand name CANARA SPRINGS produces leaf springs for all heavy commercial vehicles, light commercial vehicles, passenger vehicles, and also for a few passenger cars.

The Company was established in the year 1943 by Late Mr. Vaman Srinivas Kudva, who was then the General Manager of Canara Public Conveyance Limited, a public transport company. The company is spread over in the area of 23 acres of land with its building for manufacturing activities occupying 2,80,000 sq. ft. The Company has also a Logistic Division to speed up the supplies and meet its customer's requirements in time. The Canara Workshops Limited has its Administrative Office and manufacturing unit in the city of Mangalore in Karnataka State approximately around 7 Km from the heart of the City.

INCORPORATION DETAILS


CIN

U51909KA1943PLC001075

Registration Date

27 January 1943

Category/Sub-category of the Company

Company limited by Shares

Address of the Registered office and contact details

V. S. Kudva Road, Maroli, Mangalore - 575 005. Phone : 0824-2211649 0824-2213402 E-mail : investor@canarasprings.com canarasprings@gmail.com Web : www.canarasprings.in

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

BgSE Financials Ltd., 51, Stock Exchange Towers, 1st Cross, J. C. Road Bangalore - 560 027. Phone : 080 - 41405259, 41329661 E-mail : cs_rta@bfsl.co.in / avp_rta@bfsl.co.in


BOARD OF DIRECTORS

Premnath Srinivas Kudva – Chairman and Managing Director

 Venkatesh Pai Mangalore

Voderbet Mahesh Kamath

Vasant Srinivas Kudva


INDUSTRY OUTLOOK

Leaf springs were very common on automobiles, right up to the 1970s in Europe and Japan and late 1970s in America when the move to front-wheel drive and more sophisticated suspension designs saw automobile manufacturers use coil springs instead. Today leaf springs are still used in heavy commercial vehicles such as vans and trucks, SUVs, and railway carriages. For heavy vehicles, they have the advantage of spreading the load more widely over the vehicle's chassis, whereas coil springs transfer it to a single point. Unlike coil springs, leaf springs also locate the rear axle, eliminating the need for trailing arms and a Panhard rod, thereby saving cost and weight in a simple live axle rear suspension. So, there is a direct correlation between automotive industry growth and the leaf spring industry’s growth

The automobile industry in India is the world’s fifth-largest. India was the world's fifth-largest manufacturer of cars and seventh-largest manufacturer of commercial vehicles in 2019. Indian automotive industry (including component manufacturing) is expected to reach Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. The industry attracted Foreign Direct Investment (FDI) worth US$ 25.85 billion between April 2000 and March 2021 accounting for ~5% of the total FDI during the period according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

The Indian automotive industry is expected to reach US$ 300 billion by 2026.

Domestic automobile production increased at 2.36% CAGR between FY16-FY20 with 26.36 million vehicles being manufactured in the country in FY20. Overall, domestic automobiles sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million vehicles being sold in FY20.


In June 2021, domestic sales of passenger vehicles stood at 231,633 units.

Overall, automobile export reached 4.77 million vehicles in FY20, growing at a CAGR of 6.94% during FY16-FY20. Two-wheelers made up 73.9% of the vehicles exported, followed by passenger vehicles at 14.2%, three-wheelers at 10.5%, and commercial vehicles at 1.3%.


FINANCIALS AT GLANCE


Standalone Statement of profit and Loss for the year ended  31 March 2021 (Amounts in Lakhs)

Particulars

2021

2020

Revenue from Operations

1805.023

2230.484

Other Income

15.891

107.328

Total Revenue

1820.914

2337.812

 change %

-22%

NA

EBITDA

-58.130

15.511

EBITDA Margin

-3%

1%

DEP

28.008

32.030

FINANCE COST

151.619

153.282

Profit before tax

-237.757

-169.801

Tax Expense I Current Taxes

0.000

0.000

Deferred tax

-13.714

18.145

Total  Tax Expense

-13.714

18.145

PAT

-224.043

-187.945

Profit Margin

-12.30%

-8.04%

EPS( in Rs.)

-15.24

-12.79

 

Standalone Balance Sheet as of 31 March 2021 (Amounts in Lakhs)

Particulars

2021

2020

ASSETS



Non-current assets



Property, plant, and equipment

196.49

165.90

Non-current Investment

4.59

4.59

Deferred Tax asset

75.19

61.47

Total non-current assets 

276.27

231.97

Current assets



Inventories

1100.10

926.00

Financial assets



(i) Trade receivables

725.53

883.32

(ii) Cash and cash equivalents

41.74

75.70

Short term loans and advances

120.97

173.30

Total current assets

1988.34

2058.32

Total assets 

2264.61

2290.29

EQUITY AND LIABILITIES



Equity share capital

146.99

146.99

 Other equity

-126.21

97.84

Total equity 

20.78

244.83

Liabilities



Non-current liabilities



Long Term Borrowings

448.21

305.80

Long Term Provisions

298.36

256.03

Total non-current liabilities 

746.58

561.83

Current liabilities



Financial liabilities



(i) Borrowings

1005.26

999.74

(ii) Trade payables

368.02

335.24

 Other current liabilities

95.35

91.90

Provisions

28.62

56.76

Total current liabilities

1497.25

1483.64

Total equity and liabilities

2264.61

2290.29


 

Dividend History

 

Year

2021

2020

Amount

NA

NA

 

PERFORMANCE OF THE COMPANY

The impact of the Covid-19 pandemic and restrictions imposed by the government affected the working both in manufacturing and sales severely. Though the movement of commercial vehicles was permitted, garages and workshops had an impact on sales.

Even during the current financial year, our performance largely depends on the pandemic situation and the government decision thereon.

The total revenue of the company has fallen by 22% from Rs.2337.812 Lakhs to Rs. 1820.914 Lakhs.

The net losses of the company have increased, for the current year stood at Rs.224.043 Lakhs from Rs. 187.945 Lakhs.







Powered by Froala Editor

Annual Reports

2020-21

Download

2019-20

Download

2018-19

Download

Corporate Actions

2020-21

Download
Wealth Wisdom - WWIPL
Support Megha Support Neha Support Pallavi