New order does not stop Kilburn Engineering's slide

Kilburn Engineering declined 2.80% to Rs 41.60 at 11:22 IST on BSE even as the company said on Tuesday, 4 March 2008, it has secured total orders worth Rs 3.34 crore.

The company made this announcement during trading hours today, 4 March 2008.

On BSE, 1550 shares were traded in Kilburn Engineering counter. The scrip had an average daily volume of 25,056 shares in the past one quarter.

The stock hit a high of Rs 42.90 and a low of Rs 41 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 41.10 on 3 March 2008.

The small-cap scrip had underperformed the market over the past one month till 3 March 2008, declining 12.83% compared to the Sensex’s decline of 8.58%. It had also underperformed the market in the past one quarter, declining 32.01% compared to Sensex’s fall of 14.60%.

The company’s current equity is Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 41.60 discounts Q3 December 2007 annualized EPS of Rs 83.29 by a PE multiple of 0.50.

With the latest order, the total order book of Kilburn Engineering stands at Rs 67 crore.

In December 2007, Kilburn Engineering 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.