Kirloskar Oil Engines block deal

Kirloskar Oil Engines jumped 5.45% to Rs 105.50 at 11:16 IST on BSE after three block deals aggregating 30.99 lakh shares were executed on the counter at an average price of Rs 100.03 per share in opening trade on BSE.

The stock hit a high of Rs 109.85 and a low of Rs 100 so far during the day. The stock had a 52-week high of Rs 200 on 13 July 2007 and a 52-week low of Rs 90 on 17 March 2008.

The company has equity share capital of Rs 38.83 crore. Face value per share is Rs 2. Promoters holds 60.79% stake in the company (as at end December 2007).

At the current price of Rs 105.50, the scrip trades at a PE multiple of 23.54, based on Q3 December 2007 annualised EPS of Rs 4.48.

The company’s net profit slipped 12.60% to Rs 21.76 crore in Q3 December 2007 on 17.70% rise in net sales to Rs 537.10 crore in Q3 December 2007 over Q3 December 2006.

Kirloskar Oil Engines (KOEL) exports diesel engines, pumpsets and generating sets mainly to Africa, the Middle East, and to other Asian countries.