GEI Industrial Systems gained 0.36% to Rs 55.75 at 10:30 IST on BSE after the company bagged an order worth Rs 50 crore from Essar Construction for a refinery expansion project in Vadinar, Gujarat for supply of air-cooled heat exchangers.
The company made this announcement during trading hours today, 3 July 2008.
The stock hit a high of Rs 56.95 and a low of Rs 54.50 so far during the day. The stock had a 52-week high of Rs 152 on 3 January 2008 and a 52-week low of Rs 53.05 on 2 July 2007.
The company has an equity capital of Rs 14.27 crore. Face value per share is Rs 10.
The current price of Rs 55.75 discounts its Q4 March 2008 annualised EPS of Rs 8.68, by a PE multiple of 6.42.
In March 2008, GEI Industrial Systems bagged an order worth Rs 30 crore from Essar Construction for the same project for which it has now got an order.
GEI Industrial Systems’ net profit rose 33% to Rs 3.10 crore on 28.4% increase in net sales to Rs 74.50 crore in Q4 March 2008 over Q4 March 2007.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.
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