OEN India Delisted Share Price

OEN India Limited Delisted Shares - Company Overview

OEN India is a Public Limited Company that was established on March 8, 1968. It is registered with the Registrar of Companies in Ernakulam, Kerala. It has a paid-up share capital of Rs. 5,09,92,600 and an authorized equity share capital of Rs. 10,00,00,000. It is in the business of manufacturing electromechanical components to individual customer specifications (Relays, switches, potentiometers, and allied assemblies) are among the many electromechanical components available from us.

The products offered by the company are as under:

• Automotive Relays
• Power Relays
• Industrial Relays
• Tools and Moulds
• Rotary Switches
• Telecommunication, Signal Relays
• Socket Relays Modules
• Other Switches

The factory infrastructure includes a fabrication plant for pressed parts, plastic molded parts, electroplating facilities, an R&D laboratory, a sophisticated tool room, and quality assurance and test labs. In addition to regular production, O/E/N offers contract manufacturing services and already exports in significant quantities.

OEN India Limited Incorporation Details

OEN India Limited Board of Directors

OEN India Limited Principal Business Activities

OEN India Limited Shareholding Pattern (As of 31-03-2021)

Industry Outlook

India's economy contracted by 7.3 percent in 2019-20, likely its worst performance on record. The trend in GDP forecasts suggests recovery this year will be slower than expected. Most market indicators no longer predict a strong recovery from the previous year's low base.

India had been the world's fifth-largest car manufacturer until recently. The Automotive industry recorded a 14.04 percent decrease in production compared to the previous year. Passenger vehicle sales fell 78.43 percent in the April-June period, falling for the ninth consecutive quarter and the longest slowdown in 20 years. The Indian passenger vehicle industry is expected to grow by 22-25 percent in FY 21-22. However, this may not be impressive given the low base of the pandemic hit the previous year. Several government initiatives are likely to spur growth in the long run.

The International Monetary Fund (IMF) has reduced its economic growth forecast for India to a 9.5 percent growth in GDP for this fiscal year. The outlook remains highly uncertain, and prospects for recovery would be dependent on the geographical locations and durations of localized restrictions.