Engineers India on good quarterly earnings

Engineers India rose 1.18% to Rs 607 at 10:12 IST on BSE after posting 33.3% surge in net profit to Rs 56.68 crore on 49.2% rise in net sales to Rs 242.82 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 625 and a low of Rs 600 so far during the day. The stock had a 52-week high of Rs 1314.40 on 9 January 2008 and the stock hit a 52-week low of Rs 445.05 on 5 September 2007.

The company’s current equity is Rs 56.16 crore. Face value per share is Rs 10.

The current price of Rs 607 discounts its Q4 March 2008 annualised EPS of Rs 40.37, by a PE multiple of 15.04.

Engineers India’s net profit rose 36.1% to Rs 194.60 crore on 29.2% increase in net sales to Rs 737.75 crore in the year ended March 2008 over the year ended March 2007.

In February 2008, Engineers India received the central government's approval to form an equal joint venture with Tata Projects.

Engineers India provides engineering and related technical services for petroleum refineries and other industrial projects.