Simplex Infrastructures builds on new orders

Simplex Infrastructures gained 2.72% to Rs 538 at 12:07 IST on BSE after the company said it has bagged new orders worth Rs 653 crore from different sectors.

The company made this announcement during trading hours today, 26 March 2008.

The stock hit a high of Rs 549.80 and a low of Rs 456 so far during the day. The stock had a 52-week high of Rs 774 on 9 January 2008 and a 52-week low of Rs 315 on 25 May 2007.

The company’s current equity is Rs 9.85 crore. Face value per share is Rs 2.

The current price of Rs 538 discounts its Q3 December 2007 EPS of Rs 17.82, by a PE multiple of 16.31.

SIL’s net profit rose 28.5% to Rs 22.03 crore on 57.7% growth in net sales to Rs 703.98 crore in Q3 December 2007 over Q3 December 2006.

On 21 February 2008, Simplex Infrastructures (SIL) received an order worth Rs 302 crore for construction of six flyovers on Seeb Corniche road in Muscat in Sultanate of Oman.

On 15 February 2008, the company secured an order worth Rs 406 crore comprising of civil construction work for a metro rail project in Mumbai.

On 4 February 2008, the company received an order worth Rs 287 crore for Qatalum thermal power plant project in Qatar.

In January 2008, Simplex Infrastructures received an order worth Rs 481 crore for civil work for 1050 mega watt Maithon thermal power project.

Simplex Infrastructures provides infrastructure solutions in power, industrial construction, urban infrastructure, marine, high-rise building, roads and bridges segments. The company provides comprehensive services across ground engineering.