The Canara Workshops Unlisted Share Price

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

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

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 31-03-2024)

FAQ Related to the Canara Workshops Limited

Q.1) Is the Canara Workshops Limited is a private or public company?

The Canara Workshops Limited is a Public incorporated on 27 January 1943.

Q.2) Do the Canara Workshops Limited listed or not?

The Canara Workshops Limited is an unlisted public company.

Q.3) in which field the work of The Canara Workshops Limited is?

The Canara Workshops Limited specializes in the manufacturing, repair, and maintenance of railway rolling stock, including railway coaches and wagons.

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Q.4) how is The Canara Workshops Limited is in liquid category?

The current ratio suggests some level of liquidity, the negative debt service coverage ratio implies a critical liquidity constraint in meeting debt obligations. This situation could indicate a reliance on other sources of financing or potential challenges in managing cash flows effectively to cover debt payments. Therefore, while the company may have sufficient current assets to cover short-term obligations, its ability to manage long-term debt obligations remains a concern based on the given ratios.

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.