Samtel (India) Share Price

Incorporated on 29 June, 1981, Samtel (India) Limited was promoted by Satish K Kaura, who also has interests in Samtel Color, Gorawara Electronics, Samcor Glass, etc. The Company was into the manufacturing picture tubes for black white television. However, due to change in technology and advent of new age televisions the business of the Company suffered losses and closed all its manufacturing units.In Jul.94, the company came out with a rights issue of 15% secured PCDs, aggregating Rs 8.58 cr, to raise resources to meet capital expenditure, to develop a deflection yoke for flat colour picture tubes, to repay a part of the term loans and to augment longterm working capital.Samtel is one of the largest manufacturers of BW TV picture tubes and monitor tubes in India. It exports picture tubes to Asian and European countries and the US. Samtel has received an award for the highest growth in exports for 199293 from the Electronics Computer Export Promotion Council. It has also won safety and quality approval for its products and systems from Underwriters Laboratories, US, and VDE, Germany. The company has also won the ISO 9002 certification. During 199899 the company plans to increase the production capacity of its deflection yoke division to 2.7 million number per year. It has also developed a new 21 FFST deflection yoke.The scheme of merger of Samtel Electron Devices Ltd with Samtel Color Ltd became effective from March2000. Due to heavy loss the company has closed down its Pondicherry Division in December, 2002.The manufacturing activities of the Company was closed in 200304 due to technology obsolescence. In 2005, Company had only one business division for manufacturing picture tubes for black and white television industry. It commenced trading activities in color picture tubes on a modest scale in 2006. Thereafter, after the business of the Company of dealing with color picture tubes and man power supply also suffered setbacks in 201213. Since, then all the efforts of the Company to revive its business activities have not been successful for various factors including liquidity crunch. Company is making efforts to explore the possibilities of entering into development and manufacturing of electronic displays for use of Railways Industry across the Golbe including Indian Railways.Even though the Company diversified into outsourcing business, particularly to man power supply activities, but the business plan of the Company could not be implemented due to overall depressed market and economic conditions in 2013. The financial year 202425 gone by was again a difficult year for the Company. The revival plan could not be acted upon fully due to severe liquidity crunch and other factors. The Company is putting more efforts to get rid of initial bottlenecks including infrastructure issues for a much better performance in coming years. To come out of the continued difficulties and cash flow issues the Company is exploring business opportunities concerning electronic displays and other electronics goods.