NGL FineChem Limited was incorporated on December 18, 1981 as a Private Limited Company in the State of Maharashtra. The Company became a Public Limited Company. The Company has got its registered office and factory at New Bombay. It was promoted by Mr. A.G.Lawande, Mr.R. J. Nachane joined Mr.A.G.Lawande for actively participating in the Management of the Company in 1989. The Company is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. It is presently engaged in chemical substances used in manufacture of pharmaceuticals and Allopathic medicines.The Company had at its commencement set up manufacturing facilities for the manufacture of Chloroquire Phosphate (antimalarial) which has a very good market at that time. But in absence of rainfall in severe drought conditions during 198586 there was a very low incidence of malaria and the demand for the drug came down drastically. This forced a price war in the industry which led to the company being hit badly, ultimately leading to losses.During 199697, Company has faced illegal labor strike from October 1996. The Company is continuing operations by importing material and having it converted/processed from other units. The workers have been able to obtain an injunction from the labour court against the company which prevents the company from clearing any stocks from the factory. The Company carried out refurbishment of the plant and commenced its manufacturing activities in 200001. In 200405, the Scheme of Amalgamation of Alpha Organics Private Limited and Konarak Textile Industries Private Limited with the Company became effective on 4th March 2005. Accordingly, the entire undertakings of Alpha Organics Private Limited and Konarak Textile Industries Private Limited was transferred to the Company with effect from 1st April 2004. Consequently, the Company allotted 31,78,024 Equity Shares of Rs. 5 each fullypaid up to the shareholders of both the Transferor Companies. Further under the same scheme, the existing capital of the Companywas reorganized. The Paid Up value of each share was reduced from Rs. 10 per share to Rs. 5 per share.The Companys new manufacturing plant at Tarapur was commissioned during the year 2006. It acquired Macrotech Polychem Private Limited (Wholly owned Subsidiary) on 15th May, 2019. During 202122, the Company commenced construction at new plant in Tarapur. Similarly, it commissioned the expansion at its subsidiary, Macrotech Polychem Private Limited in December, 2021.
What is the current share price of NGL Fine Chem Ltd today on both NSE and BSE?
NGL Fine Chem Ltd shares are currently priced at 2377.55 on NSE and 2390.6 on BSE as of 8/14/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has NGL Fine Chem Ltd [NGLFINE] shares performed in the past ?
The past 1-year return of NGL Fine Chem Ltd [NGLFINE] share was 20.39. The NGL Fine Chem Ltd [NGLFINE] share hit a 1-year low of Rs. 1728.1 and a 1-year high of Rs. 2823.9.
What is the market cap of NGL Fine Chem Ltd [NGLFINE] ?
The market cap of NGL Fine Chem Ltd is Rs. 1440.16 Cr. as of 8/14/2024 12:00:00 AM.
What is the current P/E ratio of NGL Fine Chem Ltd [NGLFINE] share price ?
The PE ratios of NGL Fine Chem Ltd is 37.29 as of 8/14/2024 12:00:00 AM.
What is the current PB ratio of NGL Fine Chem Ltd [NGLFINE] share price ?
The PB ratios of NGL Fine Chem Ltd is 5.46 as of 8/14/2024 12:00:00 AM
How can I buy NGL Fine Chem Ltd shares?
You can easily buy NGL Fine Chem Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.