Monsanto India plunged 12.39% to Rs 1686.50 at 10:15 IST on BSE after the company’s shares started trading at Rs 180 per share ex-dividend from today, 2 June 2008.
Shares of India's third largest multinational agrochemicals producer by sales had hit a high of Rs 1845 and a low of Rs 1670 so far during the day. The stock had touched a 52-week high of Rs 2500 on 4 January 2008 and a 52-week low of Rs 1300 on 17 October 2007.
The company’s current equity is Rs 8.63 crore. Face value per share is Rs 10.
The current price of Rs 1400 discounts Q1 June 2007 annualised EPS of Rs 267.86 by a PE multiple of 5.22.
Monsanto provides agricultural solutions. High-yield crop varieties and hybrid crops such as corn, sunflower and cotton are important crops that the company is committed to developing.
Monsanto India reported net profit of Rs 12.55 crore in Q4 March 2008 as compared to net loss of Rs 1.72 crore in Q4 March 2007. Net sales jumped 132.20% to Rs 50.13 crore in Q4 March 2008 over Q4 March 2007. The company’s net profit was boosted by 629.20% surge in other income to Rs 37.41 crore in Q4 March 2008 over Q4 March 2007.
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