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Narmada Gelatines Ltd Chemicals
(%)
  • NSE
  • BSE

Overview

  • BSE Code 526739
  • NSE Symbol SHAWGELTIN
  • ISIN Demat INE869A01010
  • Book Value (₹) 197.43
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 227.31
  • P/E (TTM) 13.21
  • EPS (TTM) 28.45
  • Div Yield (%) 2.66

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About Narmada Gelatines Ltd

Narmada Gelatines Ltd., formerly widely referred to as Shaw Wallace Gelatines was formally created and deployed as a legal entity on 13 Jan.'61 as Leiner-Knit Gelatin Company. In 1978, the original promoters P Leiner & Sons fully divested in favour of Shah Wallace & Company and the name was changed to the Shaw Wallance Gelatines.

The company manufactures gelatine, ossein, dicalcium phosphate and bone meal. Gelatine is basically a protein derivative of collagen, with a wide variety of end users. It is mostly used in the pharmaceutical, food and photographic industries.

The company came out with an issue of PCDs in Dec.'94 to part-finance the expansion of existing capacity of production of gelatine from 1500 tpa to 2000 tpa. In 1994-95, the company made a breakthrough in exports of gelatine of pharmaceutical grade to successfully engineered countries, and edible grade to Japan and the Netherlands.

Crushed bones of different sizes are washed, de-greased and processed for de-mineralisation. In de-mineralisation, the bones are treated with chilled dilute mineral acid in wooden vats to remove calcium phosphate from the bone pieces. This results in soft bones which are called ossein. After acid-free wash, this goes through alkaline treatment to remove unwanted proteins, fats and sugars, improving the purity of the collagen. The resultant product after refining is gelatine.

Company consolidated its position in exporting pharmaceutical and edible grades of Gelatine to successfully engineered countries. Company has projected aprox. 134% Export, taking efforts to enter into the Japanese market to export of Ossein. Company has accredited with ISO-9002 Certificate by BVQI.

The company is planning to improve the gelatine quality parameter in order to export more value product.

Founded: 1961
Chairman: Sankaralingam Annamalai
Managing Director: ASHOK KUMAR KAPUR
Address: CARAVS Room No.28, 15 Civil Lines, Jabalpur, Madhya Pradesh, 482001,