Alok Industries declined 0.31% to Rs 48 at 13:57 IST on BSE on reports it is planning an initial public offering for its retail business to raise Rs 500 crore to Rs 600 crore.
The stock hit a high of Rs 49.40. It hit a low of Rs 47.90 also a 52 week low for the scrip. The stock had a 52-week high of Rs 107.75 on
The company has an equity capital of Rs 196.97 crore. Face value per share is Rs 10.
The current price of Rs 48 discounts its Q4 March 2008 annualised EPS of Rs 11.48, by a
PE multiple of 4.18.
Alok Industries, which entered the $15-billion organised retail sector in the country in 2006, operates 23 retail stores called H&A, short for Home & Apparel, in Mumbai, Bangalore, Vapi, Hyderabad, Ahmedabad, Silvassa and others.
Alok Industries is engaged in manufacturing and selling home textiles, apparel fabric, garments and polyester yarns.
The company’s net profit declined 31.7% to Rs 53.74 crore on 26.3% rise in sales to Rs 724.79 crore in Q4 March 2008 over Q4 March 2007.
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