Thursday, May 22, 2008

Surya Roshni strong Q4 numbers

Surya Roshni soared 11.39% to Rs 67 at 13:08 IST on BSE after the firm reported 104.6% surge in net profit to Rs 10.29 crore on a 28% increase in sales to Rs 435 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 69.70 and a low of Rs 61.10 so far during the day. The stock had a 52-week high of Rs 95 on 10 January 2008 and a 52-week low of Rs 45 on 17 August 2007.

The small-cap lighting products maker has an equity capital of Rs 26 crore. Face value per share is Rs 10.

The current price of Rs 67 discounts its Q4 March 2008 annualised EPS of Rs 15.83, by a PE multiple of 4.23.

The core business of Surya Roshni spans across manufacture of lighting products and steel tubes. The company is the second largest lighting products maker in India. It caters to the export market as well with footprints across 48 countries.

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