Pilani Invest.

PILANIINVESTMENTINDUSTRIESCORPORATION26 Apr 2024

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Pilani Invest.

Finance

PILANIINVESTMENTINDUSTRIESCORPORATION26 Apr 2024

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-12.25 (-0.31%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date	Ratio
29-May-2023	D	Outcome of Board Meeting held on 29th May, 2023 Recommended Dividend of 15/- (Rupees Fifteen only) per equity share of face value Rs. 10/- each for the Financial Year ended 31st March, 2023 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. The meeting commenced at 4.00 P.M. and concluded at 4.40 P. M. The dates of Annual General Meeting and Book Closure would be intimated separately.	29-Aug-2023
27-May-2022	D	Outcome of Board Meeting held on 27th May, 2022 Recommended Dividend of 15/- (Rupees Fifteen only) per equity share of face value Rs.10/- each for the Financial Year ended 31st March, 2022 subject to the approval of theshareholders at the ensuing Annual General Meeting of the Company.	01-Sep-2022
29-Jun-2021	D	Outcome of Board meeting held on 29th June, 2021 Equity Rs.15.0000 per share(150%)Final Dividend	08-Sep-2021
30-Jul-2020	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on 30th July, 2020, inter alia, have recommended for payment of dividend on 79,08,750 Equity Shares of Rs. 10/- each for the year ended 31st March, 2020 @ Rs. 25/- per share.	03-Sep-2020
30-May-2019	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2019, inter alia, have recommended for payment of dividend on 79,08,750 Equity Shares of Rs. 10/- each for the year ended March 31, 2019 @ Rs. 25/- per share.	17-Sep-2019
29-May-2018	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2018, inter alia, have recommended for payment of dividend on 79,08,750 Equity Shares of Rs. 10/- each for the year ended March 31, 2018 @ Rs. 25/- per share (previous year Rs. 25/-per share) equivalent to 250% of the total paid up Equity Share Capital of the Company.	06-Sep-2018
30-May-2017	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2017, inter alia, has recommended for payment of dividend on 79,08,750 Equity Shares of Rs. 10/- each for the year ended March 31, 2017 @ Rs. 25/- per share (previous year Rs. 25/- per share) equivalent to 250% of the total paid up Equity Share Capital of the Company.	14-Aug-2017
30-May-2016	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, has recommended for payment of dividend on 79,08,750 Equity Shares of Rs. 10/- each for the year ended March 31, 2016 @ Rs. 25/ - per share (previous year Rs. 25/ - per share). The aggregate amount of dividend will absorb Rs. 19.77 crores and tax on proposed dividend will be Rs. 4.03 crores.	07-Sep-2016
27-May-2014	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held May 27, 2014, inter alia, have recommended a dividend of Rs. 25/- per share (250% on and equity share par value Rs. 10/- each) for the year ended March 31, 2014. The payment is subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. (As Per BSE Announcement Dated on 27.05.2014)	20-Aug-2014
28-May-2013	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, has recommended for payment of dividend on 79,08,750 Equity Shares of Rs. 10/- each for the year ended March 31, 2013 @ Rs. 25/- per share (previous year Rs. 25/- per share). The aggregate amount of dividend will absorb Rs. 19.77 crores and tax on proposed dividend will be Rs. 3.36 crores.	14-Aug-2013
31-May-2012	D	Pilani Investment and Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2012, inter alia, have recommended a dividend of Rs. 25/- per share (250% on an equity share par value of Rs. 10/- each) for the year ended March 31, 2012. The payment is subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.	23-Aug-2012
23-Dec-2020	B	2:5 Bonus Issue of Equity Shares Trading Members of the Exchange are hereby informed that, Pilani Investment and Industries Corporation Ltd., have fixed record date for the purpose of Bonus Issue. The transactions in the equity shares of the Company would be on an ex-bonus basis with effect from the under mentioned date : DEMATERIALISED SECURITIES - ROLLING SETTLEMENT SEGMENT COMPANY NAME & CODE Pilani Investment and Industries Corporation Ltd (539883) RECORD DATE 02/01/2021 PURPOSE Issue of 2 (Two) Bonus equity shares of Rs.10/- each for every 5 (Five) existing equity shares of Rs.10/- each held. Ex-Bonus basis from Date & Sett. No. 31/12/2020 DR-190/2020-2021 Trading Members of the Exchange are requested to take of it. (As Per BSE Notice Dated on 24.12.2020)	02-Jan-2021	2:5
09-Feb-2024	BC	Trading Members of the Exchange are hereby informed that the under mentioned new securities issued by Pilani Investment And Industries Corporation Limited on private placement basis is listed and adm	09-Aug-2024
13-Feb-2024	BC	Outcome of Board Meeting held on Tuesday, 13th February, 2024	10-Jul-2024
13-Feb-2024	BC	Outcome of Board Meeting held on Tuesday, 13th February, 2024	17-Apr-2024
01-Mar-2024	BC	Postal Ballot Notice PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED has informed BSE about Notice of Shareholders Meeting for Postal Ballot. Newspaper Publication (As per BSE Announcem	01-Apr-2024
04-Mar-2024	BC	Payment of Interest for Bonds	21-Mar-2024

Announcement Date29-May-2023

Ex Dividend Date29-Aug-2023

Dividend(%)150

Announcement Date27-May-2022

Ex Dividend Date01-Sep-2022

Dividend(%)150

Announcement Date29-Jun-2021

Ex Dividend Date08-Sep-2021

Dividend(%)150

Announcement Date30-Jul-2020

Ex Dividend Date03-Sep-2020

Dividend(%)250

Announcement Date30-May-2019

Ex Dividend Date17-Sep-2019

Dividend(%)250

Announcement Date29-May-2018

Ex Dividend Date06-Sep-2018

Dividend(%)250

Announcement Date30-May-2017

Ex Dividend Date14-Aug-2017

Dividend(%)250

Announcement Date30-May-2016

Ex Dividend Date07-Sep-2016

Dividend(%)250

Announcement Date27-May-2014

Ex Dividend Date20-Aug-2014

Dividend(%)250

Announcement Date28-May-2013

Ex Dividend Date14-Aug-2013

Dividend(%)250

Announcement Date31-May-2012

Ex Dividend Date23-Aug-2012

Dividend(%)250

No Rights has been declared by PILANIINVESTMENTINDUSTRIESCORPORATION

Book Closure

Record Date	Split Date	Purpose
09-Aug-2024	-	Trading Members of the Exchange are hereby informed that the under mentioned new securities issued by Pilani Investment And Industries Corporation Limited on private placement basis is listed and adm
10-Jul-2024	-	Outcome of Board Meeting held on Tuesday, 13th February, 2024
17-Apr-2024	-	Outcome of Board Meeting held on Tuesday, 13th February, 2024
01-Apr-2024	01 Jan'1900	Postal Ballot Notice PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED has informed BSE about Notice of Shareholders Meeting for Postal Ballot. Newspaper Publication (As per BSE Announcem
21-Mar-2024	-	Payment of Interest for Bonds

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Pilani Investment & Industries Corporation Ltd ₹3,956.15(-12.25/-0.31%)	3,956.15	-12.25	4,380.35	127.35	26.77	0.37
Welspun Investments & Commercials Ltd ₹797.90(+22.15/2.86%)	797.90	+22.15	291.23	182.99	55.51	0.79
Kalyani Investment Company Ltd ₹4,375.25(-62.10/-1.40%)	4,375.25	-62.10	1,911.98	150.79	51.66	0.25
Summit Securities Ltd ₹1,380.70(+16.30/1.19%)	1,380.70	+16.30	1,504.96	133.34	50.15	0.43
GFL Ltd ₹83.20(0.00/0.00%)	83.20	+0.00	913.95	57.87	0.00	0.35
BF Investment Ltd ₹570.65(-6.60/-1.14%)	570.65	-6.60	2,149.07	44.07	27.44	0.80

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	61.51	124.44	54.65	53.71	52.37	126.31
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	61.51	124.44	54.65	53.71	52.37	126.31
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	0.00	0.00	0.00	0.79	0.12	0.00
Total Income	61.51	124.44	54.65	54.50	52.49	126.31
Total Expenditure	4.76	2.36	1.91	2.62	1.39	1.06
PBIDT	56.75	122.08	52.74	51.88	51.10	125.24
Interest	18.77	17.46	16.32	15.69	13.01	18.89
PBDT	37.98	104.62	36.42	36.19	38.09	106.35
Depreciation	0.05	0.05	0.05	0.07	0.07	0.07
Tax	10.10	22.30	9.18	9.44	4.87	26.50
Deferred Tax	0.00	0.00	-0.01	-0.01	0.00	-0.01
Reported Profit After Tax	27.83	82.27	27.19	26.69	33.15	79.79
Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	27.83	82.27	27.19	26.69	33.15	79.79

EPS (Unit Curr.)	25.14	74.30	24.56	24.10	29.94	72.06
EPS (Adj) (Unit Curr.)	25.14	74.30	24.56	24.10	29.94	72.06
Calculated EPS (Unit Curr.)	25.14	74.30	24.56	24.10	29.94	72.06
Calculated EPS (Adj) (Unit Curr.)	25.14	74.30	24.56	24.10	29.94	72.06
Calculated EPS (Ann.) (Unit Curr.)	100.54	297.20	98.24	96.40	119.76	288.26
Calculated EPS (Adj) (Ann.) (Unit Curr.)	100.54	297.20	98.24	96.40	119.76	288.26
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	11.07	11.07	11.07	11.07	11.07	11.07
Reserve & Surplus	0.00	0.00	0.00	0.00	0.00	0.00
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	92.26	98.10	96.51	96.59	97.57	99.15
PBDTM(%)	61.75	84.07	66.64	67.38	72.73	84.20
PATM(%)	45.24	66.11	49.75	49.69	63.30	63.17

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	61.66	106.64	54.74	54.13	52.46	112.37
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	61.66	106.64	54.74	54.13	52.46	112.37
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	0.00	0.00	0.00	0.79	0.12	0.00
Total Income	61.66	106.64	54.74	54.91	52.58	112.37
Total Expenditure	4.78	2.38	1.93	2.64	1.41	1.09
PBIDT	56.88	104.26	52.80	52.27	51.17	111.29
Interest	18.77	17.46	16.32	15.69	13.01	18.89
PBDT	38.11	86.80	36.49	36.59	38.16	92.40
Depreciation	0.06	0.06	0.06	0.07	0.07	0.07
Minority Interest Before NP	0.00	0.00	0.00	0.00	0.00	0.00
Tax	10.11	22.47	9.19	9.53	4.93	26.70
Deferred Tax	0.01	0.00	0.00	0.00	0.00	0.00
Reported Profit After Tax	27.94	64.28	27.25	26.99	33.16	65.63
Minority Interest After NP	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit after Minority Interest	55.52	54.20	25.30	75.08	36.05	89.33

Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	55.52	54.20	25.30	75.08	36.05	89.33

EPS (Unit Curr.)	50.14	48.95	22.85	67.80	32.56	80.68
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00	0.00	0.00	0.00
Equity	11.07	11.07	11.07	11.07	11.07	11.07

Public Shareholding (Number)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (%)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	92.25	97.77	96.46	96.56	97.54	99.04
PBDTM(%)	61.81	81.40	66.66	67.60	72.74	82.23
PATM(%)	45.31	60.28	49.78	49.86	63.21	58.41

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	11.07	11.07	11.07	7.91	7.91	7.91
Reserves Total	10253.24	10234.16	9066.51	4351.88	4408.26	5178.66
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	10264.31	10245.23	9077.58	4359.79	4416.17	5186.57
Secured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	735.74	1066.30	810.03	420.00	245.00	0.00
Total Debt	735.74	1066.30	810.03	420.00	245.00	0.00
Total Liabilities	11000.05	11311.53	9887.61	4779.79	4661.17	5186.57
APPLICATION OF FUNDS :
Gross Block	5.25	5.25	5.25	5.25	4.57	4.56
Less : Accumulated Depreciation	4.07	3.80	3.46	3.01	2.62	2.16
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	1.18	1.45	1.79	2.24	1.95	2.40
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.00
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	9366.12	9514.97	8224.05	3429.80	4665.41	5184.01
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Sundry Debtors	0.43	0.30	0.45	0.84	0.52	0.25
Cash and Bank	7.62	4.75	23.09	4.01	0.80	0.51
Loans and Advances	5.14	5.85	5.35	38.51	0.57	4.02
Total Current Assets	13.19	10.90	28.89	43.36	1.89	4.78
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	2.53	1.42	1.29	14.19	1.15	1.19
Provisions	8.84	9.60	8.32	6.93	14.41	1.80
Total Current Liabilities	11.38	11.02	9.61	21.12	15.56	2.99
Net Current Assets	1.81	-0.13	19.28	22.25	-13.68	1.79
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.13	0.12	0.02	0.00	6.47	0.00
Deferred Tax Liability	492.18	523.38	372.53	85.85	0.07	4.26
Net Deferred Tax	-492.05	-523.26	-372.51	-85.85	6.40	-4.26
Total Assets	8877.06	8993.03	7872.61	3368.43	4660.08	5183.94
Contingent Liabilities	0.00	4.03	8.50	3.64	1.20	1.20

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	11.07	11.07	11.07	7.91	7.91	7.91
Reserves Total	11158.40	11091.20	9837.95	5103.04	5100.07	5875.00
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	11169.47	11102.27	9849.02	5110.95	5107.98	5882.91
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00
Secured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	735.74	1066.30	810.03	420.00	245.00	0.00
Total Debt	735.74	1066.30	810.03	420.00	245.00	0.00
Policy Holders Fund	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.00	0.00	0.00	0.00	0.00	0.45
Total Liabilities	11905.21	12168.57	10659.05	5530.95	5352.98	5883.36
APPLICATION OF FUNDS :
Gross Block	7.90	7.90	7.90	7.89	7.22	7.21
Less: Accumulated Depreciation	4.11	3.83	3.48	3.03	2.63	2.16
Less: Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	3.79	4.07	4.42	4.86	4.59	5.05
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.00
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	10274.20	10375.69	9001.17	4186.02	5362.94	5886.16
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Sundry Debtors	0.43	0.30	0.45	0.84	0.52	0.25
Cash and Bank	9.41	5.90	23.67	4.64	1.31	0.72
Loans and Advances	5.41	6.16	5.55	38.72	0.80	4.03
Total Current Assets	15.25	12.36	29.67	44.20	2.63	5.00
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	8.55	7.44	7.30	20.20	7.16	6.00
Provisions	8.84	9.60	8.32	6.93	14.41	1.80
Total Current Liabilities	17.39	17.03	15.62	27.12	21.57	7.79
Net Current Assets	-2.15	-4.68	14.05	17.07	-18.94	-2.79
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.14	0.12	0.03	0.02	6.49	0.02
Deferred Tax Liability	493.77	525.14	375.61	87.53	2.09	5.83
Net Deferred Tax	-493.63	-525.02	-375.58	-87.51	4.40	-5.81
Other Assets	0.00	0.00	0.00	0.00	0.00	0.75
Total Assets
Contingent Liabilities	63.10	65.92	48.62	45.30	44.15	5.58

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash and Cash Equivalents at Beginning of the year	4.40	0.70	3.59	0.34	0.08
Net Cash from Operating Activities	431.32	-97.26	-430.63	-1360.50	36.26
Net Cash Used In Investing Activities	-22.26	-79.76	109.59	1255.70	-238.33
Net Cash Used In Financing Activities	-412.16	180.72	318.16	108.06	202.33
Net Inc./Dec In Cash And Cash Equivalents	-3.10	3.70	-2.89	3.25	0.26
Cash And Cash Equivalents At End Of The Year	1.30	4.40	0.70	3.59	0.34

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

57.55%

FII Shareholding

0.47%

DII Shareholding

0.25%

Public Shareholding

41.74%

**Promoter pledged shareholding 57.55%

About Pilani Investment & Industries Corporation Ltd

Pilani Investment & Industries Corporation Ltd is in the Finance sector, having a market capitalization of Rs. 4390.15 crores. It has reported a sales of Rs. 61.51 crores and a net profit of Rs. 27.83 crores for the quarter ended December 2018. The company management includes Rajashree Birla, Rajashree Birla,D K Mantri,A K Kothari,Anshuman Vikram Jalan,GIRIRAJ MAHESWARI,Y P Dandiwala,Vanita Bhargava,GIRIRAJ MAHESWARI (Pilani Investment & Industries Corporation Ltd) among others.

Chairman

Rajashree Birla

Registered office

Birla Building 11th Floor,9/1 R N Mukherjee Road,Kolkata,West Bengal,700001

FAX :

Background

Incorporation Year1988

Face Value₹10

Market Lot1

How to buy Pilani Invest. shares on nse?

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What is the Pilani Invest. share price today?

The Pilani Invest. shares price on nse is Rs.3956.15 today.

What is the market cap of Pilani Invest. shares on NSE ?

The company has a market capitalization of Rs.4380.35Cr

What is the PE & PB ratio of Pilani Invest. shares ?

PE is 26.77 and PB is 0.37

What is the 52 Week High and Low of Pilani Invest. shares?

Pilani Invest. stock price high: Rs.4080 Pilani Invest. stock price low: Rs.1730