ICSA India gained 1.16% to Rs 397.90 at 11:16 IST on BSE on receiving approval from Non-Conventional Energy Development Corporation of Andhra Pradesh to set up a 20 megawatt capacity of wind power project at Anantapur in the state.
The stock hit a high of Rs 407 and a low of Rs 394.05 so far during the day. The stock had a 52-week high of Rs 648.80 on
The company has an equity capital of Rs 8.80 crore. Face value per share is Rs 2.
The current price of Rs 397.90 discounts its Q4 March 2008 annualised EPS of Rs 34.05, by a PE multiple of 11.69.
The wind power project will enhance the revenues and will reduce the income tax burden of the company.
In February 2008, ICSA India secured an order worth Rs 43.97 crore from Northern Power Distribution Company of AP, Andhra Pradesh.
ICSA India’s net profit rose 104.6% to Rs 37.46 crore on 109.6% increase in net sales to Rs 211.78 crore in Q4 March 2008 over Q4 March 2007.
ICSA India is engaged in providing software development services and technology solutions for the power, telecommunication and other sectors. The company also provides rural electrification, construction of sub-stations and conversion of LT line to HT lines.
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