Phillips Carbon Black rose 1.7% to Rs 191 at 10:42 IST on BSE after the company said on Monday, 12 May 2008, it has signed a joint venture agreement with subsidiaries of Vietnam National Chemical Corp to set up a carbon black facility in Vietnam.
The stock hit a high of Rs 192 and a low of Rs 190.50 so far during the day. The stock had a 52-week high of Rs 297 on
The company’s current equity is Rs 25.25 crore. Face value per share is Rs 10.
The current price of Rs 191 discounts its Q4 March 2008 annualised EPS of Rs 30.23, by a PE multiple of 6.31.
The facility will have a capacity of 1,00,000 tonnes and a 16 megawatt power plant.
Phillips Carbon Black’s net profit rose 37.2% to Rs 19.08 crore on 7.6% rise in sales to Rs 274.11 crore in Q4 March 2008 over Q4 March 2007.
The company produces carbon black, which is input for manufacturing tyres.
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