Latteys Industries Ltd share Price Today

Latteys Industries Limited was originally incorporated as a private limited company with the name `Latteys Pumps Industries Pvt Ltd` on April 02, 2013. The Company acquired the business of proprietorship concern of the Promoter Kapoor Chand Garg viz. M/s Latteys Pumps Industries vide a Memorandum of Understanding dated April 08, 2013. Further, the name of the Company was changed to `Latteys Industries Private Limited` on July 11, 2017. Subsequently, the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on July 14, 2017 and the name of the Company was changed to `Latteys Industries Limited` on August 21, 2017. Mr. Kapoor Chand Garg and Mr. Pawan Garg are the promoters and initial subscribers to the Memorandum of Association of the Company. The Company is in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps includes Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors. The pumps are manufactured and sold wholly in India. The Company pioneers in manufacturing Submersible pumps. The Company started manufacturing in year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. The manufacturing facilities are equipped with requisite machineries to keep a constant check on quality. The Company is an ISO 9001:2015 and IS 14220:1994 certified company certifying the quality of the product the Company manufactures.

Latteys Industries share price as on 26 Apr 2024 is Rs. 17.05. Over the past 6 months, the Latteys Industries share price has decreased by 52.7% and in the last one year, it has decreased by 28.96%. The 52-week low for Latteys Industries share price was Rs. 13 and 52-week high was Rs. 51.9.