K S Oils gained 4.20% to Rs 67.05 at 11:48 IST on BSE after the company said it has acquired a single palm plantation over a vast area spread across 50,000 acres of green land in Indonesia.
The stock hit a high of Rs 68.90 and a low of Rs 63.50 so far during the day. The stock had a 52-week high of Rs 142.40 on
The company’s current equity is Rs 31.53 crore. Face value per share is Rs 1.
The current price of Rs 67.05 discounts its Q3 December 2007 EPS of Rs 4.11, by a PE multiple of 16.31.
K S Oils’ net profit rose 60.5% to Rs 32.43 crore on 84.7% growth in net sales to Rs 563.67 crore in Q3 December 2007 over Q3 December 2006.
The company said the plantation will be developed over next three years with an investment of Rs 230 crore. The company is resorting to backward integration to secure raw material supplies and avoid global price volatility.
K S Oils is engaged in producing mustard/rapeseed oil. K S Oils provides all type of cooking media, which include edible oils like mustard, refined oils, vanaspati and non-edible solvent oil. The main manufacturing plant of the company is situated within a large industrial complex at Morena, Madhya Pradesh.
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