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Mandeep Auto Industries Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 30.56%, in the last year to ₹32.44 Cr. Its sector's average revenue growth for the last fiscal year was 7.22%.
notePrice to Earning Ratio,is 18.84, lower than its sector PE ratio of 33.52.
noteInterest Coverage Ratio,is 10.52, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
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In the year 2000, Gurpal Singh Bedi laid the foundation for a sheet metal component manufacturing unit in Faridabad, Haryana, under his Sole Proprietorship M/s Mandeep Industries. Thereafter Mr. Gurpal Singh Bedi, ventured into the automobile component manufacturing segment and during the year 2010-15, added area 3 Line with Gear hobbling and CNC system to the existing manufacturing unit. In the year 2012, complete In-house Inspection facility was established in the manufacturing unit. Thereafter in the year 2018, M/s Mandeep Industries Obtained in-house Tooling/ Machine Shop, consisting of Lathe, Milling, and Radial drill machines. In order to give a corporate structure to the entire set-up, M/s Mandeep Auto Industries Limited was incorporated on April 19, 2023, with the object to take over the entire business and operations of M/s Mandeep Industries. Subsequently, a Business Transfer Agreement was executed on June 30, 2023, by and between Gurpal Singh Bedi, Proprietor M/s Mandeep Industries and the Company, whereby the company acquired the entire business of M/s Mandeep Industries on a going concern basis.The company is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components, that finds its application in a diverse industry, such as tractor, automobiles, material handling earth moving equipment, railways, defense, machine tools, DIY industry etc. Its manufacturing facilities have advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of its customer. It also manufactures customized components as per customer specific requirements and use, with high degree of precision both in quality and time with personalized services to its strong customer base in India.Its focus is to consistently expand its product portfolio by developing new designs. It shares a longstanding relationship with its customer and it receives majority of its business from repetitive clients. It constantly engages with its customers through marketing via personal interactions and updating them on its capabilities and strengths. Its sales team works closely with its customers to obtain their insights and feedback about the upcoming trends in the industry which enables the company to develop and improve its products to fulfil the requirements of the market. The Company is backed by skilled professionals with years of experience in Press and Machining Components and has ISO 9001:2015 and ISO 14001:2015 certifications.Business area of the companyThe company is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components, that finds its application in a diverse industry, such as tractor, automobiles, material handling earth moving equipment, railways, defense, machine tools, DIY industry, etc.Awards, accreditations or recognitions2023: Obtained ISO Certification 9001:2015 from the Egyptian Accreditation Council (EGAC) for manufacture and Supply of Precision Sheet Metal Components, Auto Parts and all types of Gears.History and milestonesApril 19, 2023: Incorporation of the Company ‘Mandeep Auto Industries Limited’ as a Public Limited Company.June 30, 2023: Takeover of business of M/s Mandeep Industries, Sole Proprietorship of its Promoter Gurpal Singh Bedi, as a going concern, in terms of Business Transfer Agreement dated June 30, 2023.
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