Wednesday, August 27, 2008

J Kumar Infraprojects moves north on new order win

J Kumar Infraprojects galloped 5.36% to Rs 90.50 at 15:24 IST on BSE after the company said it has bagged an order worth Rs 62 crore from Pune Municipal Corporation to construct bridge-cum-flyover.
The stock hit a high of Rs 92.60 and a low of Rs 86 so far during the day. The stock had hit a 52-week high of Rs 131.45 on 22 May 2008 and a 52-week low of Rs 70.55 on 4 July 2008.
The company has an equity capital of Rs 20.72 crore. Face value per share is Rs 10.
The current price of Rs 90.50 discounts its Q1 June 2008 annualised EPS of Rs 14.63, by a PE multiple of 6.19.
With this latest order, the company’s order book stands at Rs 746.95 crore.
In July 2008, J Kumar Infraprojects bagged two different orders aggregating Rs 53 crore
The company reported net profit of Rs 7.58 crore from net sales of Rs 89.41 crore in Q1 June 2008. Figures of the previous corresponding period were not available.
J Kumar Infraprojects is a civil engineering and infrastructure development company with primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport contracts.

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