About Gala Precision Engineering Limited
Gala Precision Engineering Limited is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solution (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sectors such as electrical, off highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.
The technical springs and high tensile fasteners have been supplied to customers in countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden, Switzerland etc. Accordingly, company is a key link in the global supply chain for OEMs.
Company's DSS operations commenced in the year 1989 by manufacturing disc and strip springs (DSS) and have since diversified operations to include coil and spiral springs (CSS) in 2015 and special fastening solution (SFS) in 2018.
Why To Invest in Gala Precision Engineering Limited
Well-established manufacturer of precision engineering components. The company proposes to utilise the Net Proceeds towards:
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts;
- Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;
- Repayment/ prepayment, in full or part, of certain borrowings availed by the company; and
- General corporate purposes.
Year | 2022 | 2023 | 2024 |
---|---|---|---|
Total Income (Rs. Cr) | 147.9 | 167.08 | 204.37 |
Profit Afrer Tax (Rs. Cr) | 6.6 | 24.2 | 22.3 |
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