DCM Shriram Consolidated Acquisition of New Plant

DCM Shriram Consolidated was down 2.43% to Rs 64.35 after the company said it was acquiring 81.41% stake in Shri Ganpati Fertilizers, Jaipur.

DCM Shriram Consolidated had touched a high of Rs 66.50 and a low of Rs 64.15 so far during the day. It had hit a 52-week high of Rs 105.80 on 10 January 2008 and a 52-week low of Rs 47.50 on 24 March 2007.

The company's equity capital is Rs 33.18 crore. Face value per share is Rs 2 each.

At the current price of Rs 64.35, the scrip trades at a PE multiple of 4.43, based on Q3 December 2007 annualsied EPS of Rs 14.51.

Shri Ganpati Fertilizers (SGFL) is engaged in the manufacture of single super phosphate (SSP) having manufacturing unit at district Chittorgarh, Rajasthan. It has manufacturing capacity of SSP powder of 1.98 lakh tonnes per annum and SSP granules of 60,000 tonnes per annum.

DCM Shriram Consolidated reported 207.20% jump in net profit to Rs 60.46 crore on 17.20% fall in net sales to Rs 662.86 crore in Q3 December 2007 over Q3 December 2006.

DCM Shriram Consolidated has interests in sugar, farm inputs marketing, PVC resin and chlor-alkali chemicals.