Magna Electro Castings Ltd
NSE: BSE: 517449
₹979.40
(-0.88%)
Wed, 11 Mar 2026, 05:07 am
Market Cap4.14B
PE Ratio20.09
Dividend0.61
Producer Manufacturing
Metal Fabrication
24.5KCompany History
1990
- The company was incorporated as a public limited company under the name and style of Magna Electronics Limited on August 22, 1990.
1992
- The company's name was changed to Magna Electro Castings Limited and a fresh certificate of incorporation was obtained on December 23, 1992.
2004
- The company's shares were delisted from the Madras Stock Exchange effective January 13, 2004.
2007
- The company recommended a dividend of 30%.
2008
- Magna Electro Castings Ltd recommended a dividend of 21% on the equity share capital of the Company.
2009
- Magna Electro Castings Ltd recommended payment of dividend of Rs. 1.50 per share at 15% on the Equity Share Capital.
2010
- Magna Electro Castings Ltd recommended payment of dividend of Rs. 2 per share at 20% on the Equity Share Capital.
2011
- Magna Electro Castings Ltd recommended payment of dividend of Rs. 2 per share at 20% on the Equity Share Capital.
2012
- Magna Electro Castings Ltd recommended payment of dividend of Rs. 2 per share at 20% on the Equity Share Capital.
- Mr. C. R. Swaminathsn was appointed as an Additional Director in the Board of the Company effective from January 25, 2012.
2013
- Magna Electro Castings Ltd recommended a dividend of 18%.
- The company established a core assembly shop to improve the dimensional accuracy of castings, installed a new Hunter XL 2024 molding machine, new CAM software, and a new Intensive Sand Mixer.
2014
- Magna Electro Castings Ltd recommended payment of dividend of Rs. 1.60 per share at 16% on the Equity Share Capital.
- The company's Machineshop division was awarded as a Power User of EDGECAM software for the year 2014.
- Magna Electro Castings Ltd was awarded the Best Supplier award for Commitment and Dedication to Excellence by FMC Technologies, Measurement.
- The company established a core assembly shop to improve the dimensional accuracy of castings.
- Magna Electro Castings Ltd purchased an Adaptive Thermal Analysis system.
2015
- Magna Electro Castings Ltd was certified for ISO 9001 & ISO/TS16949 certification by Bureau Veritas and was scheduled for the recertification audit.
- The company installed a new state of the art Pressure Blast Equipment, a 1000 kW/1000 Hz Tri Track Inductotherm steel shell furnace, a new Hartford Double Column VMC machine, and other equipment.
2016
- Magna Electro Castings Ltd was recognised with cash rewards for achieving a new benchmark in the overall uptime of the plant during the financial year 2015-16.
- The company installed a new Twin pallet VMC with 4th axis drive and hydraulic power pack in its captive machine shop.
2018
- Magna Electro Castings Limited was successfully recertified for Transport & Power Generation certification for the 6th year in succession.
2019
- Magna Electro Castings Ltd's Environmental Management System was certified for compliance with the International Environmental Management System ISO 14001:2015 standard requirement.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800