52w high/low | ₹413.75 / ₹195.6 |
P/E ratio | 26.2 |
Dividend | 2.17 |
ROE | 13.24 |
ROCE | 17.51 |
Face value | 10 |
Book value | ₹138.66Cr |
Market capital | ₹305.78Cr |
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Founded in 1972 as Lakhanpal National, Matsushita Lakhanpal Battery India Ltd (MLBIL) is a joint venture between Matsushita Electric Industrial Corporation, Japan - makers of the world famous National and Panasonic products and the late D D Lakhanpal. The company commenced production of dry cell batteries, employing aluminium chloride technology. The company's collaborators Matsushita Electric Industrial Corporation and Matsushita Electric Battery, together hold the majority stake of 51% in the company. The company's Novino and Sumo range of batteries enjoy a strong brand image in the large and pencil segments. In early 1989, the company expanded its capacity by setting up another plant at a cost of Rs 16 cr, which went on stream in Aug. '89. It produces UM 3D-Novino Gold penlite batteries, which are virtually 100% leak-proof. In 1993, the company implemented a backward integration project to manufacture battery grade separator paper.