Thursday, October 2, 2008

Mahalaxmi Rubtech setting up wind power projects

Mahalaxmi Rubtech (CMP=Rs 40.75)about to consider setting up wind power projects for captive consumption.

The stock had a 52-week high of Rs 102.95 on 13 December 2007 and a 52-week low of Rs 38.20 on 30 September 2008.
The small-cap textile maker has an equity capital of Rs 5.17 crore. Face value per share is Rs 10.
The current price of Rs 40.75 discounts its Q1 June 2008 annualised EPS of Rs 3.09, by a PE multiple of 13.18.
Mahalaxmi Rubtech’s net profit rose 166.7% to Rs 0.40 crore on a 36.4% rise in sales to Rs 4.12 crore in Q1 June 2008 over Q1 June 2007.
Mahalaxmi Rubtech operates in two segments namely textile products and rubber products. The company manufactures textiles, besides making air cell product used in oil filled transformers.

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