Hind Aluminium Industries Ltd - Stock Valuation and Financial Performance

Hind Aluminium Industries Limited formerly known as Associated Profiles & Aluminium Limited, the Associated Group of companies began operations in 1973.  The company's principal activity is to manufacture aluminium and power generation. It operates in three segments namely Aluminium Product, Minerals and Power. Its product includes aluminium wire rod and bauxite. They are leading secondary manufacturer ofAluminium Wire Rods in the country. They have an installed capacity of 25000 MT.

Its first manufacturing unit an aluminium rolling mill, was set up at Taloja in the state of Maharashtra. After developing a loyal customer base in the aluminium market for over a decade, in 1987, it expanded its activities further by setting up a facility for the manufacture of aluminium security grills in the union territory of Daman. In addition, this unit also took up complete fabrication jobs which included setting up door and window frames.

Today its brand Decogrille is the most widely used aluminium security grill throughout the country. It has also succeeded in exporting this product to neighbouring countries.

In 1996, it entered into a collaboration with Focchi Spa, an Italian company which undertook curtain walling jobs. This part of their business, also situated at Daman, is equipped with the technology to design and execute a complete curtain-wall job, which involves a complete glass exterior for building structures.

In 1996, one of its group companies, Associated Profiles and Aluminium Ltd. made its Initial Public Offering in the capital markets. A unit, Hind Aluminium, was set up in Silvassa (union territory Dadra & Nagar Haveli) to manufacture aluminium alloy and electrical grade wire rods. This product is used by conductor manufacturers for power transmission.

In 1997, Associated Aluminium Industries (P) Ltd. also set up another rolling mill operation in Silvassa. In addition to the above manufacturing activities, their indenting division is also active in non-ferrous metals like aluminium, copper, zinc and nickel. It also import minerals like sulphur, rock phosphate and coal.

Product range of the company includes:

• Alloy Ingots
• EC Wire Rods
• Flipped Wire Rod
• Aluminium Grills
• Aluminium Floorings
• Aluminium Frames
• Surface Coatings
• Structural Glazings
• Curtain Wall Systems

Achievements/ recognition:-

• They are an ISO 9001:2000 accredited company.