Wednesday, March 12, 2008

Kilburn Engineering drops

Kilburn Engineering dropped 2.52% to Rs 42.55 at 15:26 IST on BSE even as the company said it has received an order worth Rs 2.70 crore from Larsen & Toubro.

The company made this announcement during trading hours today, 12 March 2008.

On BSE, 3,937 shares were traded in the counter. The scrip had an average daily volume of 25,008 shares in the past one quarter.

The stock hit a high of Rs 45.75 and a low of Rs 42.55 so far during the day. The stock had a 52-week high of Rs 80 on 20 August 2007 and a 52-week low of Rs 31.50 on 10 March 2008.

The company’s current equity is Rs 26.82 crore. Face value per share is Rs 10.

The current price of Rs 42.55 discounts Q3 December 2007 annualized EPS of Rs 83.29, by a PE multiple of 0.51.

With the latest order, the total order book of Kilburn Engineering stands at Rs 70.28 crore.

On 4 March 2008, Kilburn Engineering secured total orders worth Rs 3.34 crore.

In December 2007, the company received letter of intent from Deepak Fertilizers & Petrochemicals Corporation for dryer, pre dryer & coating drums, aggregating Rs 10.05 crore.

Kilburn Engineering’s net profit rose 2131% to Rs 28.11 crore on 58.8% growth in net sales to Rs 22.03 crore in Q3 December 2007 over Q3 December 2006.

The company's principal activity is to design, manufacture, supply and installation of various types of drying systems for chemical, petrochemicals, food, oil, gas and other industries.

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