Emco Strong Q4 numbers

Emco gained 1.42% to Rs 174.70 at 10:15 IST on BSE on reporting 98.2% surge in net profit to Rs 28.78 crore on 35.9% increase in total income to Rs 342.31 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 175 and a low of Rs 170 so far during the day. The stock had a 52-week high of Rs 330 on 17 January 2008 and the stock hit a 52-week low of Rs 152.20 on 22 June 2007.

The company’s current equity is Rs 11.76 crore. Face value per share is Rs 10.

The current price of Rs 174.70 discounts its Q4 March 2008 annualised EPS of Rs 19.56, by a PE multiple of 3.63.

Emco’s net profit rose 58.75% to Rs 64.45 crore on 43.95% increase in total income to Rs 944.36 crore in the year ended March 2008 over the year ended March 2007.

On 7 May 2008, Emco secured an order worth Rs 126 crore from Delhi Transco for new substation at Mundka, Delhi.

In March 2008, Emco bagged an order worth Rs 92 crore from Corporate Power, Ranchi, Jharkhand for 400 kilovolt (KV) double circuit/double strung transmission line on turnkey basis.

On 21 February 2008, the company entered into a memorandum of understanding (MoU) for joint venture partnership with Edison Power (Pty), a South Africa based company, for manufacturing transformers in South Africa.

The company is engaged in manufacturing and marketing furnace and rectifier transformers and electronic energy meters.