Monday, June 30, 2008

Pratibha Industries builds on new order win

Pratibha Industries gained 0.80% to Rs 220.20 at 10:46 IST on BSE after the company said it has bagged an order worth Rs 179.72 crore from Lanco Hills Technology Park for construction of a mall podium.

The company made this announcement before trading hours today, 30 June 2008.

The stock hit a high of Rs 220.20 and a low of Rs 215 so far during the day. The stock had a 52-week high of Rs 469.80 on 2 January 2008 and a 52-week low of Rs 196.25 on 19 October 2007.

The company has an equity capital of Rs 16.69 crore. Face value per share is Rs 10.

The current price of Rs 220.20 discounts its Q4 March 2008 annualised EPS of Rs 24.73, by a PE multiple of 8.90.

The project will be executed in 15 months.

In April 2008, Pratibha Industries bagged an order worth Rs 37.03 crore from Sunshine Housing Development for construction of a commercial building Sunshine Towers at Dadar in Mumbai.

In March 2008, the company bagged an order worth Rs 53.81 crore from Municipal Corporation of Greater Mumbai for construction of 900 million litres a day capacity water pumping station at Bhandup.

Pratibha Industries’ net profit rose 61% to Rs 10.32 crore on 77.2% increase in net sales to Rs 188.94 crore in Q4 March 2008 over Q4 March 2007.

The company is engaged in the business of infrastructure and manufacture of submerged arc welded pipes.

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