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About Tide Water Oil Co (I)

Tide Water Oil Co. (I) Ltd is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants. The company manufactures and sells engine lubricants for the automotive and industrial applications in India. The company's plants are set up in Howrah, Royapuram, Turbhe, Silvassa and Faridabad. The company offers various automotive oils, such as diesel engine, premium diesel engine, PMCO and two wheeler, dedicated engine, gear and transmission, and agri engine oils, as well as coolant and brake fluid; and industrial oils comprising general purpose machinery, spindle, turbine, hydraulic and circulation, heavy duty hydraulic, steam cylinder, industrial gear, cutting, non drip, and mill roll oils. The company's products marketed under the 'VEEDOL' brand name are well established and acknowledged in the industry for their quality and variety. The products manufactured under the technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Co Ltd) and marketed under the 'ENEOS' brand name have carved out a niche for themselves in select markets. Tide Water Oil Co. (I) Ltd was incorporated in the year 1922. During the year 1987-88, the company entered into a technical collaboration with Cofran Promotion, Switzerland, to manufacture synthetic, semi-synthetic and speciality lubricants. During the year 1993-94, the company launched the premium range of Mitsubishi engine oils from Nippon Mitsubishi Oil Company, Japan (formerly Mitsubishi Oil Company). The two companies have entered into a technology transfer tie-up to manufacture and market Mitsubishi products in India. During 1996-97, the company expanded their installed capacity of Oils (including Synthetic Lubricating Oils) to 84198145 ltrs. They also completed the modernisation programme in their grease blending plant at Howrah. During the year 1997-98, the company completed the 8000 KL per annum modern lube blending plant at Faridabad. The plant at Silvassa was accredited with ISO 9002 during the year 1998-99. During the year 2003-04, the technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Company Ltd) was renewed with effect from October 28, 2003 for a further period of three years. In May 2004, the 'ENEOS' range of products manufactured under the collaboration agreement were launched. During the year 2004-05, the Ramkristopur plant of the company received accreditation of ISO 9001:2000 quality standards. During the year 2007-08, the operations at Deonar plant were shifted to the new plant in Turbhe, Navi Mumbai. The company is in the process of setting up a modern lube blending plant at Oragadam near Chennai.

Parent Organisation
Govt of India
Managing Director
Sanjoy Bhattacharya
Founded
1921
NSE Symbol
TIDEWATER

Peer Comparision

StocksMarket Cap (cr)Market Price (₹)52 Week Low-High (₹)

Community Discussion

A
AngelOne
24th June 2024
Tide Water Oil Shares Surge After Approval Received for Promoter Stake Increase Tide Water Oil Company climbed as much as 7.5% as one of its promoter entities had received approval to increase its stakes. Promoter Entity Receives Approval On Monday, Tide Water Oil Company Ltd. experienced a significant boost in its stock price, climbing as much as 7.5%. This surge followed an announcement that one of its promoter entities had received approval to increase its stake in the company. Details of the Stake Increase Standard Greases & Specialities Pvt. Ltd., a joint promoter of Tide Water Oil, has been granted permission to acquire an additional 3.51 lakh shares. This information was disclosed in an exchange filing by the company. The transaction must be completed by June 28, 2024. If not, a new application for pre-clearance will be necessary. Current Stake Holdings As of the March quarter, Standard Greases & Specialities held a 34.34% stake in Tide Water Oil, amounting to 59.84 lakh shares. This approval allows the entity to potentially increase its stake by over 2%. Combined, the promoters hold a 62.27% stake in the company as of March 31. Other Key Promoters Other key promoters include Andrew Yule & Co. Ltd., another listed entity with a 26.23% stake, and Janus Consolidated Finance, holding a 1.69% stake. Tide Water Oil’s Market Presence Tide Water Oil is a well-known manufacturer of automotive and industrial lubricants. The company’s public shareholding is primarily held by small retail investors, who own a 28.8% stake. Mutual funds have minimal exposure to the stock. Stock Performance Highlights On the NSE, Tide Water Oil shares hit a 52-week high of Rs 2,098.45. The stock has seen a 16.22% increase in June alone, with a notable 28% gain in April. March saw the shares remain relatively flat. Record-Breaking Performance in 2024 Overall, Tide Water Oil’s stock has surged by 47% in 2024, marking its best calendar year performance since 2021, when it had a remarkable 68% gain. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Tide Water Oil India Ltd FAQs

Tide Water Oil India Ltd (TIDEWATER) share price as of July 12, 2024, on NSE is Rs 2366.75 (NSE) and Rs 2366.75 (BSE) on BSE.
Yes, You can buy Tide Water Oil India Ltd (TIDEWATER) shares by opening a Demat account with Angel One.
Tide Water Oil India Ltd (TIDEWATER) share can be bought through the following modes:
1. Direct investment: You can buy Tide Water Oil India Ltd (TIDEWATER) shares by opening a Demat account with Angel One.
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