ABG Shipyard gained 0.99% to Rs 378 at 11:07 IST on BSE after the company said it has bagged an order worth Rs 585 crore from Sealion Shipping for construction of three sub-sea multi purpose vessels.
The company made this announcement before trading hours today,
The stock hit a high of Rs 389 and a low of Rs 365.05 so far during the day. The stock had a 52-week high of Rs 1045 on
The company has an equity capital of Rs 50.92 crore. Face value per share is Rs 10.
The current price of Rs 378 discounts its Q4 March 2008 annualised EPS of Rs 36.17, by a
PE multiple of 10.45.
Sealion Shipping on behalf of Toisa places the large order. Sealion Shipping and Toisa are engaged in specialized engineering & procurement (E&P) support vessels, consultancy and technical support to the specialised marine industry.
With the latest order, the total order book of ABG Shipyard stands at $2.436 billion.
On
In March 2008, the company received a subsidy of Rs 12.80 crore from the government for two of its yards.
ABG Shipyard’s net profit rose 39.6% to Rs 46.05 crore on 43.3% increase in net sales to Rs 276.68 crore in Q4 March 2008 over Q4 March 2007.
ABG Shipyard is engaged in building and repairing a variety of marine ships for commercial and government customers. It also manufacturers marine ships, including bulk carriers, deck barges, interceptor boats, anchor handling supply ships, diving support ships, tugs and offshore vessels.
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