Wednesday, May 14, 2008

Shanthi Gears in top gear after Q4 results

Shanthi Gears surged 4.21% to Rs 69.25 at 12:03 IST on BSE after posting 5.37% rise in net profit to Rs 11.89 crore on 7.22% increase in total income to Rs 67.80 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 73.65 and a low of Rs 67.95 so far during the day. The stock had a 52-week high of Rs 114.90 on 4 January 2008 and the stock hit a 52-week low of Rs 48.05 on 24 March 2008.

The company’s current equity is Rs 8.17 crore. Face value per share is Rs 1.

The current price of Rs 69.25 discounts its Q3 December 2007 annualised EPS of Rs 5.85, by a PE multiple of 11.84.

Shanthi Gears’ net profit surged 23.16% to Rs 44.16 crore on 20.93% increase in total income to Rs 245.31 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

Shanthi Gears manufactures a wide range of power transmission products, including gears, gearboxes, geared motors and gear assemblies both standard and custom-made. It has been in the business of designing, manufacturing and supplying various kinds of gears to almost all industries and applications.

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