La Tim Metal & Industries Ltd
NSE: BSE: 505693
₹10.18
-0.02 (0.20%)
Sat, 24 Oct 2026, 08:18 am
Market Cap (in Cr)133.36
PE Ratio14.62
Dividend0
Non-Energy Minerals
Steel
24.5KLa Tim Metal & Industries Ltd Company History
1974
- The Company was incorporated as a private limited company on 28th January.
- The Company's object is to manufacture tungsten and tungsten carbide products, drilling rods and drilling bits.
- Issued 1,96,000 shares to promoters, directors, etc.
- 75,000 shares issued to SICOM and 25,000 shares to WMDC.
1975
- The Company was incorporated as a public limited company on 22nd August.
1976
- 4,44,000 shares offered to the public in March.
1983
- The market for the products continued to remain sluggish almost throughout the year due to recession.
1986
- Sales at Rs.568.08 lakhs were lower than the previous year mainly due to a decline in the sale of marine products.
1988
- Profit margins were under pressure due to hike in raw material costs.
1989
- 3,550 forfeited shares reissued.
1990
- Turnover improved by 14%, but profit margins were under pressure due to substantial drop in production of mining tools and higher material costs.
- Production of Titanium - Tungsten Carbide commenced due to R & D efforts.
- Decision to increase the range of tungsten carbide products by taking up the manufacture of indexable tooling system in technical collaboration with Hertel AG, West Germany.
- Proposal to modernise the existing manufacturing facilities to keep pace with the latest technology changes.
- Research and Development unit developed new carbide grades for steel machining.
1991
- 7,40,000 rights shares offered at par in proportion 1:1.
- Additional 73,175 shares allotted to retain oversubscription.
- 37,000 shares issued to employees but only 10,400 shares taken up
1992
- No significant news available
2000
- The Company allotted 6,30,800 No. of equity shares of Rs. 10 at par on preferential basis to the promoters, their friends and associates.
- SECO Tools AB plans to source some labour intensive products from its joint venture with Pune-based cutting tool manufacturer, Drillco.
2014
- Shifting of registered office to 201, Navkar Plaza, Bajaj Road, Vile Parle, Mumbai - 400 056.
- Company has changed its name from Drillco Metal Carbides Ltd to La Tim Metal & Industries Ltd.
2022
- The Company has split its face value from Rs. 10/- to Rs. 1/-.
2024
- The company issued rights shares of Rs. 1 in the ratio of 1:2 at a premium of Rs. 7.5 per share.
