Dynamatic Technologies Ltd share Price

Dynamatic Technologies (DTL), formerly Dynamatic Hydraulics, was floated by J K Malhoutra. It is a medium-scale engineering unit specialising in the production and marketing of quality hydraulic elements, fluid systems and specialised engineering products. DTL manufactures hydraulic gear pumps, control valves, hand pumps and other hydraulic elements. It is the largest manufacturer of gear pumps in India. DTL had a technological collaboration with Ultra Hydraulics, UK (previously known as Dowtly Hydraulics Units), the leader in its field worldwide. The collaboration is not in force as on date. The company has fully indigenised its manufacture of hydraulic elements. Nearly 80% of sales is supplied to OEMs and the rest goes to the replacement market. Of the OEM supplies, over 60% is made to the tractor segment and the balance to other OEMs in the precision engineering, Defence and aviation sectors. Its gear pumps are exported to Australia, the UK, Srilanka, Turkey, Taiwan and Iran. In line with its expertise in precision engineering, it has developed several products for aerospace applications. In its aerospace division, it has manufactured specialised under-carriage valves for light combat aircrafts (LCA), mobile hydraulic test benches for military jets and helicopters, a hydraulic power system for the Polar Satellite Launch Vehicle (PSLV) III, etc. DTL has progressively increased its capacity for hydraulic pumps from 85,000 pa in 1992-93 to 1,20,000 pa at present. At a new plant to be set up near Bangalore, it plans to manufacture two models of small aircraft requiring short take-off runs, long flying ranges and with versatile applications in both the Defence and civilian sectors. During the year 1997-98, it floated JKM Dae Rim Automotive Ltd in joint venture with M/s Dae Rim Enterprises, Korea for setting up Dynametal-II, the foundry division at Madras, which commenced commercial production in Oct.`98. The company was awarded National Award for Excellence in indigenisation of Defence equipment during the year 1999-2000. Also during the year the company has been certified to ISO 9001 Standards by Lloyds Registry for Quality Assurance and customer certified to QS 9000 Standards. The company plans to increase its efforts in developing new and more economical applications in mechanised agriculture,earth moving,material handling machine tools through continuous innovation.During the year 2000-2001 the company has entered into a marketing tie-up with ATOS s.p.a for the national level distribution of electro-hydraulic products.