Tata Chemicals Strong Q4 result

Tata Chemicals gained 0.72% to Rs 306 at 10.09 IST on BSE after posting a 493% surge in net profit to Rs 559.99 crore on 15.9% increase in net sales to Rs 930.85 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 307 and a low of Rs 296 so far during the day. The stock had a 52-week high of Rs 440 on 29 May 2008 and a 52-week low of Rs 231.10 on 22 August 2007.

The company has an equity capital of Rs 234.18 crore. Face value per share is Rs 10.

The current price of Rs 306 discounts its Q4 March 2008 annualised EPS of Rs 95.70, by a

PE multiple of 3.20.

Tata Chemicals’ net profit rose 113.7% to Rs 949.18 crore on 2.3% increase in net sales to Rs 4075.63 crore in the year ended March 2008 over the year ended March 2007.

In March 2008, Tata Chemicals completed the acquisition of General Chemical Industrial Products Inc. USA.

Tata Chemicals is India's leading manufacturer of inorganic chemicals. It also manufactures fertilizers and food additives.