Tulsyan NEC Limited

Tulsyan NEC Limited, a flagship company of the Tulsyan group, has reported a turnover of Rs.21036.90 lakhs for the quarter ended June 2008, an increase of 94.74% over the corresponding period last year. The net profit after tax has gone up to Rs.985.88 lakhs for the first quarter this year, against Rs.272.96 lakhs for the same period {last year(07-08) it has posted 535Cr.turnover and net profit of 13.34cr.}

The company was able to achieve substantial growth in sales due to increased demand for steel and plastics and also partly due to better sales realization. The additional demand for steel was met from the new rolling mill plant which had started commercial production from 1st July 2007 onwards.

About Tulsyan NEC Limited

Tulsyan NEC Limited is the flagship Company of Tulsyan Group. It is listed in the BSE and was established in the year 1947. Tulsyan NEC is one of the leading manufacturers of Thermo Mechanically Treated Bars (TMT) and Billets in the country. It is privileged to be the first Licensed Rolling Mill in South India to produce TMT Rebars and has got ISI 1786 and ISO.

The Tulsyan Group of Industries was founded by Late Shri. G. L. Tulsyan in the year 1938. The group, since its then has come a long way backed by well-planned diversification and expansion policies with its present annual turnover being Rs. 680 crores.


i am expecting net profit between 30-35Cr on an equity of 5Cr e.p.s should be 60-70rs. currently it is available at 09 earnings 1.3 p.e. current price 90 rs. it has fallen form 125 level expecting 150 level before second quarter results.(in a month time)