Monday, December 15, 2008

McNally Bharat moves up on new order win

McNally Bharat Engineering Company jumped 15.33% to Rs 39.50 at 12:26 IST on BSE, on bagging an order worth Rs 86.66 crore.
The stock hit a high of Rs 39.75 and a low of Rs 34.85 so far during the day. The stock hit a 52-week high of Rs 31.09 on 17 December 2007 and a 52-week low of Rs 30.40 on 3 December 2008.
The company's current equity is Rs 31.09 crore. Face value per share is Rs 10.
The current price of Rs 39.50 discounts the company's Q2 September 2008 annualized EPS of Rs 8.22, by a PE multiple of 4.81.
The company has bagged an order worth Rs 88.86 crore from Essar Constructions (India).
McNally Bharat Engineering Company (MBECL) had in September 2008 bagged an order worth Rs 115 crore from Bharat Heavy Electricals, Bangalore.
MBECL's net profit rose 45.9% to Rs 6.39 crore on 75.9% increase in net sales to Rs 202.63 crore in Q2 September 2008 over Q2 September 2007.
The company provides turnkey solutions in the areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply.

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