Harita Seating Systems Ltd
cmp:110
Code:590043
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd.Harita makes seats for two-wheelers, commercial vehicles,tractors and buses.It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Harita Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulled out of joint venture and its name was changed to Harita Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and has handsomely made an entry in black.In the short to medium term auto ancillary companies may face some margin pressure ,but long term investors may take it an opportunity to buy good auto ancillary stocks like Harita at dips.
cmp:110
Code:590043
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd.Harita makes seats for two-wheelers, commercial vehicles,tractors and buses.It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Harita Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulled out of joint venture and its name was changed to Harita Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and has handsomely made an entry in black.In the short to medium term auto ancillary companies may face some margin pressure ,but long term investors may take it an opportunity to buy good auto ancillary stocks like Harita at dips.
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