Sparc Electrex Ltd.
SPAR.BO
Bombay Stock Exchange4.60
INR
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Sparc Electrex Ltd.
SPAR.BO
(Bombay Stock Exchange)
Recent
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4.60
P/E
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div
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sparc Electrex Limited operates primarily in the manufacturing and trading of power tools, electricals, metals, and metal products alongside its longstanding expertise in electronic solutions. The company’s product portfolio includes cutters, drills and impact drills, blowers and heat guns, rotary hammers, demolition hammers, grinders, and cut-off machines. Additionally, Sparc Electrex develops and distributes embedded and internet appliances for electronic security systems, offering solutions such as video conferencing systems, mobile ATMs, GPS tracking devices, GSM/GPRS/SMS solutions, security systems including firewalls and access control systems. It also provides server room monitoring equipment and telematics products catering to diverse sectors including automobile, banking, finance, energy, and petrochemicals. Founded in 1989 and headquartered in Thane, India, Sparc Electrex transitioned from primarily software and hardware electronic security solutions to manufacturing power tools and metal products in 2021-22, reflecting a strategic business expansion. Recent major developments include the launch of seven new power tool products named primarily under the Hyundai brand, such as the Hyundai Angle Grinder HG 4, Marble Cutter HC4SB2, and Demolition Hammer HB 11E, signaling an intensified focus on product innovation and market presence in power tools. The company also experienced a change in its management structure with the elevation of Shobith G. Hegde to Managing Director in August 2024, enhancing its leadership team. Sparc Electrex continues to expand its telematic offerings and embedded systems integration, maintaining its commitment to delivering cutting-edge and comprehensive solutions for embedded technology and electronic security alongside its power tool manufacturing and trading operations, servicing markets across India and beyond. These strategic product expansions and leadership changes underscore Sparc Electrex’s dual focus on technology-driven electronic solutions and industrial power tool production, positioning it as a diversified technology and manufacturing company within its sectors. The company maintains a strong market focus on electronic security, embedded systems, and industrial power tools while leveraging its embedded systems expertise for applications across multiple industries. Sparc Electrex Limited’s integration of advanced electronic and embedded system technologies with manufacturing capabilities in power tools and related products reflects its evolving business strategy and continued growth trajectory in both technological innovation and traditional industrial markets. The company operates predominantly in India from its base in Thane, with a legacy spanning over three decades since its founding in 1989. This comprehensive approach to product development, market diversification, and strategic leadership enhancement highlights Sparc Electrex’s current positioning as a multifaceted enterprise serving technology-driven and industrial market segments.