Thursday, June 19, 2008

Roman Tarmat builds on new orders

Roman Tarmat gained 2.59% to Rs 73.25 at 13:03 IST on BSE after the company said it has received two orders worth Rs 106.48 crore from Tamil Nadu Road Infrastructure Development Corporation for laying roads in Kancheepuram district at Tamil Nadu.

The stock hit a high of Rs 74.95 and a low of Rs 68.35 so far during the day. The stock had a 52-week high of Rs 376.25 on 9 July 2007 and a 52-week low of Rs 58 on 12 June 2008.

The company has an equity capital of Rs 10.26 crore. Face value per share is Rs 10.

The current price of Rs 73.25 discounts its Q4 March 2008 annualised EPS of Rs 2.77, by a PE multiple of 26.44.

In May 2008, Roman Tarmat bagged two small orders worth around Rs 19.62 crore.

In March 2008, the company bagged an order worth Rs 29.42 crore from New Mangalore Port Trust, Mangalore for concreting the existing roads in Mangalore.

Roman Tarmat’s net profit fell 85.6% to Rs 0.76 crore on 23.7% increase in net sales to Rs 55.59 crore in Q4 March 2008 over Q4 March 2007.

The company provides engineering, procurement and construction services for infrastructure projects. The services include construction of airside works, highways, roads and other civil work.

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