Bharati Shipyard declined 0.22% to Rs 270.30 at 11:05 IST following reports the company is planning to invest Rs 1500 crore in two phases to build a ship-building yard in Gujarat.
The stock hit a high of Rs 276.45 and a low of Rs 270 so far during the day. The stock had a 52-week high of Rs 865 on 4 January 2008 and a 52-week low of Rs 268 on 18 July 2008.
The company has an equity capital of Rs 27.57 crore. Face value per share is Rs 10.
The current price of Rs 270.30 discounts its Q4 March 2008 annualised EPS of Rs 47.37, by a PE multiple of 5.7.
The company may raise Rs 400 crore to Rs 500 crore to fund expansion plan, reports suggest.
The company’s net profit rose 6.2% to Rs 32.65 crore on 30.3% rise in sales to Rs 206.41 crore in Q4 March 2008 over Q4 March 2007.
Bharati Shipyard designs and constructs sea going, coastal, harbor and inland crafts and vessels. Its product-range has been upgraded from the simple inland cargo barges, deep-sea trawlers, dredgers, maneuverable and power-packed ocean-going tractor tugs, cargo-ships, tankers and vessels with applications in the offshore industry.
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