What we do Spectra Industries Ltd manufactures CRCA sheet coils and motor vehicle parts, serving the automobile sector mainly through OEMs and automotive component buyers. |
Founded in 1,992 |
Market share Niche player in automotive sheet metal components with limited scale; facing stiff competition and industrial challenges. |
Problem solved Provides critical vehicle components and sheet metal solutions addressing OEM demands for quality auto parts at competitive pricing. |
Top clients or who we serve Supplies to automotive companies including Tata Motors, Piaggio Vehicles, and Fiat India; primarily a B2B supplier. |
Key management - |
Our journey and innovations Developed fuel tanks, brake shoes, and back plates since 2002; expanded dealership and workshop operations since 2011. |
Where we operate Operations and clientele mainly concentrated in India, especially Maharashtra region. |
Top products or what we offer Manufacture of CRCA sheet coils and automotive parts including fuel tanks, brake shoes, and back plates. |
Top brands - |
Raw materials needed Cold Rolled Close Annealed (CRCA) steel sheets, oil, and raw metals for auto components manufacturing. |
Raw materials supplier Suppliers include steel manufacturers and metal component vendors in India. |
Recurring vs cyclical contribution Revenue is cyclical, aligned with automotive production cycles and order inflows. |
Our industry position Low market share in a highly competitive automotive components industry under pricing pressure. |
Financial highlights Revenue from operations is currently nil; reported net loss of Rs. 3.34 crore in fiscal 2023. |
Geographical revenue split - |
Order book - |
Whats driving growth Focus on Make in India initiatives, MIDC schemes, and affordable housing projects to revive manufacturing activity. |
Our future plans Plans to strengthen manufacturing under government schemes and expand its presence in automotive and industrial segments. |
Our green promise - |
Our people and values Committed to ethical business practices with a vigilance mechanism ensuring integrity and compliance. |
Key challenges ahead Facing financial stress, insolvency proceedings, and regulatory compliance challenges affecting operations. |
Interesting facts Initiated fuel tank development for Palio Diesel in 2002 and expanded dealership with Mahindra Navistar in 2011. |
Risks and strategy Managing insolvency proceedings with interim resolution professional; focusing on restructuring and operational revival. |
