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The Canara Workshops Share Price

Company Name
The Canara Workshops Limited
Last Traded Price (LTP)
50.00
% Change
+ 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
Book value
-16.934
P/BV
0
EPS
-18.348
PE ratio
0
Available on
nsdl
ROFR Require
No

About The Canara Workshops Limited Unlisted Shares

The Canara Workshops Limited 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 the Late Mr. Vaman Srinivas Kudva, who was then the General Manager of Canara Public Conveyance Limited, a public transport company. The Company has also a Logistic Division to speed up the supplies and meet its customer's requirements in time. This company’s specialty was to re-condition the automobile leaf spring so that it could repair and maintain not only the fleet of Canara Public Conveyance but also the other transport operators in the District.

 

INCORPORATION DETAILS

CIN

U51909KA1943PLC001075

Registration Date

27 January 1943

Category/Sub-category of the Company

Limited by Shares/ Non-govt company

Address of the Registered office and contact details

The Canara Workshops Limited,

V. S. Kudva Road,

Maroli, Mangalore - 575 005.

Phone: 0824-2211649, 0824-2213402

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

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to the total turnover of the Company

Manufacture of diverse parts and accessories for motor vehicles

29301

100%

 

BOARD OF DIRECTORS

Mr. Premnath Srinivas Kudva, Chairman & Managing Director

Mr. Venkatesh Pai Mangalore

Mr. Voderbet Mahesh Kamath

Mr. Vasant Srinivas Kudva, Managing Director

 

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

The Canara Workshops Limited does not have any subsidiary or associate company.

 

SHAREHOLDING PATTERN (As of 31-03-2022)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1.

Promoter Group

 51,656

3.52%

2.

Public Shareholding

1,418,253

96.48%

 

Total

 14,69,909

100.00%

 

INDUSTRY OUTLOOK

India has become the fastest-growing economy in the world in recent years. This fast growth, coupled with rising incomes, a boost in infrastructure spending, and increased manufacturing incentives, has accelerated the automobile industry. The two-wheeler segment dominated the automobile industry because of the Indian middle class, with automobile sales standing at 17.51 million units in FY22.

Significant demand for automobiles also led to the emergence of more original equipment and auto components manufacturers. As a result, India developed expertise in automobiles and auto components, which helped boost international demand for Indian automobiles and auto components. Hence, the Indian automobile industry has a considerable impact on the auto component industry.

India’s auto component industry is an important sector driving macroeconomic growth and employment. The industry comprises players of all sizes, from large corporations to micro entities, spread across clusters throughout the country. The industry contributes 2.3% to GDP and employs about 3 million people directly and indirectly.

The industry is a leader in exports and provides jobs to over 3.7 Crore people. From FY16-FY22, the industry registered a CAGR of 6.35% and was valued at US$ 56.50 billion in FY22. Due to the high development prospects in all vehicle industry segments, the auto component sector is expected to see double-digit growth in FY22. The industry is expected to stand at US$ 200 billion by FY26.

 

Annual Report

The Canara Workshops Annual Report 2021-22

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