Thursday, May 8, 2008

Shree Cement good Q4 results

Shree Cement dropped 2.21% to Rs 940 at 11:00 IST on BSE despite posting 71.9% surge in net profit to Rs 41.07 crore on 71.9% increase in net sales to Rs 650.07 crore Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 980 and a low of Rs 920 so far during the day. The stock had a 52-week high of Rs 1695 on 5 October 2007 and a 52-week low of Rs 948 on 24 March 2008.

The company’s current equity is Rs 34.84 crore. Face value per share is Rs 10.

The current price of Rs 940 discounts its Q4 March 2008 annualised EPS of Rs 47.15, by a PE multiple of 19.94.

Shree Cement’s net profit rose 47.10% to Rs 260.37 crore on 53.99% rise in total income to Rs 2139.14 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

Shree Cement is engaged in manufacturing and selling of cement throughout India.

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