Alfa Laval surges on strong Q4 show

Alfa Laval India surged 4.11% to Rs 949 at 9:56 IST on BSE, on reporting 112.4% surge in net profit to Rs 23.49 crore in Q4 December 2007 over Q4 December 2006.

The company announced the results after trading hours on Wednesday, 27 February 2008.

Meanwhile, BSE Sensex was up 63.88 points or 0.36% to 17,889.87.

On BSE, 55 shares were traded in the counter. The scrip had an average daily volume of 1,777 shares in the past one quarter.

The stock hit a high of Rs 949 and a low of Rs 930 so far during the day. The stock had a 52-week high of Rs 1380 on 31 May 2007 and a 52-week low of Rs 750 on 22 January 2008.

The mid-cap scrip had outperformed the market over the past one month till 27 February 2008, gaining 2.04% compared to the Sensex’s decline of 1.47%. It had underperformed the market in the past one quarter, declining 9.27% compared to Sensex’s decline of 6.20%.

The company’s current equity is Rs 18.16 crore. Face value per share is Rs 10.

The current price of Rs 949 discounts its Q4 December 2007 annualized EPS of Rs 52.74, by a PE multiple of 17.99.

Alfa Laval India’s total income rose 24.4% to Rs 205.30 crore in Q4 December 2007 over Q4 December 2006.

The company is engaged in manufacturing and marketing oil separators and vacuum units. The group operates in three segments: process technology, equipment and others.