Disa India slipped 10.19% to Rs 1931 at 10:56 IST on BSE on turning ex-dividend for dividend of a huge Rs 200 per share.
The company, at the meeting held on 16 February 2008, had recommended a dividend of 2000% or Rs 200 per share.
The scrip had touched a high of Rs 2080 and a low of Rs 1900 so far during the day. The stock had hit a 52-week high of Rs 2570 on 1 November 2007 and a 52-week low of Rs 1250 on 22 January 2008.
The small-cap engineering firm has an equity capital of Rs 1.51 crore. Face value per share is Rs 10.
At the current price of Rs 1931, the scrip trades at a PE multiple of 10.56, based on Q3 December 2007 annualised EPS of Rs 182.78.
The net profit of Disa India rose 127% to Rs 6.90 crore on 77.8% rise in sales to Rs 31.33 crore in Q4 December 2007 over Q4 December 2006.
Disa India is an engineering MNC that is part of the Copenhagen-based Disa Group. It manufactures foundry machinery like moulding plants, sand plants and shot blasting machines.
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