As we all know that Annual Reports (ARs) can help us a lot to analyze any company. This is a communication bridge between investors and the management of companies. ARs provide us details such as business, past performance, management comments on performance, outlook, challenges, opportunities, industry information, financial position, financial statements with notes, etc.
Annual Reports review is a review provided by me, comments, and highlights on the important part to focus on. This will help investors with saving lots of their time as well as can get one other perspective. It also can be helpful to investors for generating investment ideas.
All information provided by me is just for an educational purpose and not any BUY/SELL/HOLD advice.
Whirlpool entered into the Indian market in late 1980s as a part of global expansion by forming a joint venture with TVS group. Whirlpool acquired Kelvinator India Ltd in year 1995 and entered into refrigerator segment. Company has merged Kelvinator and TVS Whirlpool in 1996, which has expanded product portfolio in India to washing machines, refrigerator, microwave ovens, air conditioners, water purifiers, deep freezers, coffee grinders, dish washers and a premium range of frost-free refrigerators. It owns 3 Manufacturing Plants (Faridabad, Pune, and Puducherry).
Sheela Foam Ltd is a leading player in India’s mattress and foam products industry. Founded in 1971, the Company enjoys strong brand awareness and a nationwide presence in manufacturing of mattresses, home comfort products and technical grades of PU foam. The Company also enjoys a significant presence overseas, with its products being exported to over 20 countries worldwide.
TCI Express was established in 1996 as one of the foremost divisions of Transport Corporation of India (TCI). TCI Express started its independent operations on April 1, 2016, in-line with TCIL’s strategy of demerging the XPS division into a separate business entity.