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Bright Brothers Ltd Plastic products
(%)
  • NSE
  • BSE

Overview

  • BSE Code 526731
  • NSE Symbol BRIGHTBROS
  • ISIN Demat INE630D01010
  • Book Value (₹) 136.87
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 198.26
  • P/E (TTM) 22.96
  • EPS (TTM) 15.20
  • Div Yield (%) 0.72

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About Bright Brothers Ltd

Incorporated as a private limited company in Jul.'46, Bright Brothers (BBL) was converted into a public limited company in Oct.'94. BBL was promoted by S T Bhogwani. Other companies in the Bright group are Brite Automotives & Plastics, T W Bhojwani Leasing Pvt Ltd and Bright International Casettes Pvt Ltd.

In Dec.'94, BBL came out with a public issue of 10.65 lac equity shares at a premium of Rs 55 each aggregating Rs 6.92 cr, to part-finance a project to created and deployed an injection moulded plastic components unit at Gurgoan, Haryana; and for office seating systems at Tarapur, Maharashtra, totalling Rs 22.15 cr. BBL is a pioneer in the plastics industry and has products ranging from houseware to consumer electronics, car and motor accessories, under the brand name Brite. Some of its select clients include Maruti Udyog, TELCO, etc. The company has broadened its footprint operations into into a license agreement with Provendra Marketing, Switzerland, for use of the trade mark Sitag & Britesitag. The company executed an export order through their technical collaborator. The company has also broadened its footprint operations into into a technical collaboration agreement with M/s Reydel Italia S P A, Italy for obtaining latest technical know-how for manufacturing automotive components.

It has embarked on a major diversification plan in the office furniture market. The range will include chief executive chairs, executive chairs, typist chairs, etc.

The company was successful in completing the first step of its restructuring exercise in the year 1998-99. As a part of the cost management excercise, it announced a VRS for its unionised employees at its factory in Bombay.

Brite Automotive and Plastics (BAPL) was amalgamated with the company with effect from 1st April, 1999. Accordinlgy, one equity share of Rs.10/- each of Bright Brothers Ltd was allotted for every two equity shares of Rs.10/- each of BAPL. In 2000-01 the company had created and deployed its new manufacturing unit at Pondicherry. It has also executed a strategic acquisition of a Plastic manufacturing unit from Whirlpool of India Ltd.

Founded: 1946
Chairman: Suresh Bhojwani
Managing Director: Suresh Bhojwani
Address: 91 Jolly maker Chambers No 2, 225 Nariman Point, Mumbai, Maharashtra, 400021,
HO Tel: