Kirloskar Brothers slipped 0.79% to Rs 188.50 at 15:29 IST on BSE even as the company formed a joint venture with Netherlands based Industrial Pump Group for promoting its brand in Europe.
The company made this announcement during trading hours today,
The stock hit a high of Rs 193.90 and a low of Rs 185 so far during the day. The stock had a 52-week high of Rs 527 on
The company has an equity capital of Rs 21.15 crore. Face value per share is Rs 2.
The current price of Rs 188.50 discounts its Q4 March 2008 annualised EPS of Rs 19.92, by a PE multiple of 9.46.
In May 2008, Kirloskar Brother received an order worth Rs 933.76 crore from the Andhra Pradesh state government's Irrigation & CAD Department for building a pump house.
In April 2008, the company received a letter of intent for an order worth Rs 166.77 crore from Damodar Valley Corporation - Kolkata in respect of Koderma thermal power project.
Kirloskar Brothers’ net profit rose 43.4% to Rs 52.66 crore on 26.9% increase in net sales to Rs 569.01 crore in Q4 March 2008 over Q4 March 2007.
The company is engaged in manufacturing and selling pumps and compressors. Products of the group include power driven pumps, valves, anti corrosion products, electric motors, spares and others. The group operates in three segments, namely, pump, compressors and others.
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