Shri Gang Industries and Allied Products Ltd
BBSE:SHRIGANG44.36
INR
-0.70
(-1.55%)
ISIN
INE241V01018
Return %
Stock
S&P 500
1Y
-47.69
13.14
3Y
-70.86
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Arun Kumar Sharma
- Full Time Employees
- 214
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- F-32 New Delhi DE India 110020
- IPO Date
- Jun 11, 1990
- Website
- shrigangindustries.com
- Similar Companies
- Business
- Shri Gang Industries & Allied Products Limited engages primarily in the manufacture and sale of vanaspati, refined edible oils, and bakery shortenings. The company operates through two main segments: edible oil operations and liquor operations. It produces a wide range of vegetable oils under its brand names including Apna and Mr. Baker. In the liquor segment, Shri Gang Industries manufactures Indian Made Foreign Liquor (IMFL) and country liquors, holding exclusive manufacturing tie-ups with major companies such as Diageo for manufacturing their brands in Uttar Pradesh and bottling IMFL for United Spirits Limited. The company sells liquor under its own brands like Golden Cascade and Bulldozer. Besides manufacturing, it also trades in edible oils without direct manufacturing in that category. Founded in 1989 and headquartered in New Delhi, India, Shri Gang Industries transitioned from its original focus on oils to incorporate liquor production as part of a strategic rehabilitation scheme. This shift included establishing a bottling plant for IMFL in Sandila, Uttar Pradesh, operational from mid-2020, and a distillery unit launched in 2022. Recently, the company bolstered its capital structure through preferential allotments totaling ₹20.42 crore to promoter group entities, converting unsecured loans into equity and issuing fully convertible warrants to raise additional cash capital. These financial maneuvers are intended to strengthen liquidity and support growth initiatives. Shri Gang Industries operates predominantly in the Indian market, with its production facilities located in Uttar Pradesh. It caters to a diverse customer base across the edible oil and alcoholic beverages sectors. The company’s strategic partnerships and exclusive manufacturing agreements with established liquor brands position it as a significant player in the regional liquor market, while its edible oil business focuses on branded consumer sales. The company was previously known as Suraj Vanaspati Limited until its name change in 2008, reflecting a broader product and market focus. As of recently, business expansions emphasize whisky and country liquor manufacturing and sales, alongside maintaining its edible oil product lines. This comprehensive repositioning, combined with recent capital infusion and manufacturing capacity expansion in the liquor segment, marks Shri Gang Industries & Allied Products Limited’s current strategic direction aimed at sustainable growth and diversified revenue streams within its core business domains.